ISCO Unit Group 3324 Trade Brokers

From Open Risk Manual

Definition

Trade Brokers: Trade brokers buy and sell commodities and shipping services, usually in bulk, on behalf of their own company or for customers on a commission basis.

Tasks include -

(a) establishing contact between buyers and sellers of commodities;

(b) discussing buying or selling requirements of clients and giving advice accordingly;

(c) buying and selling cargo space on ships;

(d) negotiating purchase or sale of commodities and commodity futures;

(e) finding cargo and/or storage space for commodities and negotiating freight, shipping and storage charges;

(f) monitoring and analysing market trends and other factors affecting the supply and demand for commodities and shipping services.

Examples of the occupations classified here:

- Commodities broker

- Commodity futures dealer

- Shipping broker

Some related occupations classified elsewhere:

- Finance broker- 3311

- Finance dealer- 3311

- Securities broker- 3311

- Securities dealer- 3311

- Insurance dealer- 3321


Occupations

Occupation Title
C3324.1 ISCO Occupation Group 3324.1 Commodity Broker
C3324.4 ISCO Occupation Group 3324.4 Wholesale Merchant
C3324.2 ISCO Occupation Group 3324.2 Commodity Trader
C3324.3 ISCO Occupation Group 3324.3 Non Vessel Operating Common Carrier

Higher Level