commercial law
The legal regulations that govern a specific commercial activity.
Futures traders undertake daily trading activities in the futures trading market by buying and selling futures contracts. They speculate on the futures contracts' direction, trying to make a profit by buying futures contracts they foresee to rise in price and sell contracts they foresee to fall in price.
Competences and skills
25 ESCO relationsEssential knowledge 4 competences
Occupation specific
0 competencesNo competences in this bucket.
Sector-specific
1 competenceCross-sector
3 competenceseconomics
Economic principles and practices, financial and commodity markets, banking and the analysis of financial data.
financial markets
The financial infrastructure which permits trading securities offered by companies and individuals govern by regulatory financial frameworks.
international trade
The economic practise and study field that address the exchange of goods and services across geographic borders. The general theories and schools of thought around the implications of international trade in terms of exports, imports, competitivity, GDP, and role of multinational companies.
Essential skills and competences 6 competences
Occupation specific
1 competencetrade future commodities
Buy or sell future commodity contracts on the futures market on your own account or on behalf of a customer or institution in order to make a profit.
Sector-specific
0 competencesNo competences in this bucket.
Cross-sector
5 competencesanalyse economic trends
Analyse developments in national or international trade, business relations, banking, and developments in public finance and how these factors interact with one another in a given economic context.
analyse financial risk
Identify and analyse risks that could impact an organisation or individual financially, such as credit and market risks, and propose solutions to cover against those risks.
analyse market financial trends
Monitor and forecast the tendencies of a financial market to move in a particular direction over time.
forecast economic trends
Gather and analyse economic data in order to predict economic trends and events.
perform financial risk management in international trade
Evaluate and manage the possibility of financial loss and non-payment following international transactions, in the context of foreign exchange market. Apply instruments like letters of credit.
Optional knowledge 9 competences
Occupation specific
0 competencesNo competences in this bucket.
Sector-specific
2 competencesactuarial science
The rules of applying mathematical and statistical techniques to determine potential or existing risks in various industries, such as finance or insurance.
international commercial transactions rules
Pre-defined commercial terms used in international commercial transactions which stipulate clear tasks, costs and risks associated with the delivery of goods and services.
Cross-sector
7 competencesbanking activities
The broad and continuously growing banking activities and financial products managed by banks ranging from personal banking, corporate banking, investment banking, private banking, up to insurance, foreign exchange trading, commodity trading, trading in equities, futures and options trading.
financial forecasting
The tool used in performing fiscal financial management to identify revenue trends and estimated financial conditions.
financial jurisdiction
Financial rules and procedures applicable to a certain location, whose regulatory bodies decide on its jurisdiction
financial products
The different types of instruments that apply to the management of cash flow that are available on the market, such as shares, bonds, options or funds.
international law
The binding rules and regulations in the relations between states and nations, and legal systems dealing with countries rather than private citizens.
securities
The financial instruments traded in financial markets representing both the right of property over the owner and at the same time, the obligation of payment over the issuer. The aim of securities which is raising capital and hedging risk in financial markets.
statistics
The study of statistical theory, methods and practices such as collection, organisation, analysis, interpretation and presentation of data. It deals with all aspects of data including the planning of data collection in terms of the design of surveys and experiments in order to forecast and plan work-related activities.
Optional skills and competences 6 competences
Occupation specific
0 competencesNo competences in this bucket.
Sector-specific
2 competencesnegotiate sale of commodities
Discuss client's requirements for buying and selling commodities and negotiate their sale and purchase in order to obtain the most beneficial agreement.
negotiate sales contracts
Come to an agreement between commercial partners with a focus on terms and conditions, specifications, delivery time, price etc.
Cross-sector
4 competencesmaintain records of financial transactions
Collate all the financial transactions done in the daily operations of a business and record them in their respective accounts.
operate financial instruments
Work with financial instruments such as stocks, bonds, mutual funds and derivatives.
trace financial transactions
Observe, track and analyse financial transactions made in companies or in banks. Determine the validity of the transaction and check for suspicious or high-risk transactions in order to avoid mismanagement.
trade securities
Buy or sell tradable financial products such as equity and debt securities on your own account or on behalf of a private customer, corporate customer or credit institution.