Friday, 13 July 2012

Trader (finance)

A trader is person or entity, in finance, who buys and sells financial instruments such as stocks, bonds, commodities and derivatives, in the capacity of agent, hedger, arbitrageur, or speculator. According to the Wall Street Journal in 2004, a managing director convertible-bond trader was earning between $700,000 and $900,000 on average.

Traders are either professionals (institutional) working in a financial institution or a corporation, or individual (retail). They buy and sell financial instruments traded in the stock markets, derivatives markets and commodity markets, comprising the stock exchanges, derivatives exchanges and the commodities exchanges. Several categories and designations for diverse kinds of traders are found in finance, these may include:

Monday, 6 November 2006

GIGM

After OMNI spooking me with earnings like that (leaving about 6% on the table!) I'm trying to check out GIGM. Their website says nothing but earnings.com and clearstation.etradec.mo say they release earnings before trading on the 9th. Oops. I'm still holding, but I'm getting out of this trade with what little I can save in early trading tomorrow.