Bold to make informed choices; Dealers strive for the best possible interests for three parties
Hailed as an international financial hub, Hong Kong deals with vast transaction with amount hitting far more than HKD 10 billion. Transactions in different markets are handled by a swarm of dealers working on stock market, futures, bulk stocks like gold and steel, and foreign exchange.
Given this long list of job duties, it will be intriguing to explore the grueling schedule that dealers have every day. In the pre-opening session, dealers will peruse the most-updated information about other stock markets as well as the news about economy and politics across the globe. Dealers shall filter the overwhelmingly vast incoming evaluation and assessment of other analysts on stocks or industry. The most critical moment kicks in when the clock strikes a quarter past nine, signifying the market is open. Dealers by this time will embark on their thrilling journey with 100% concentration, seizing the best time to place orders for profits or to place “stop loss order”. The most determining turning point comes and goes within one minute and this is why dealers have to seize the time literally.
When the clock strikes at 3 p.m. sharp, a clear indication will be given: one hour left before the after-hours period begins. Dealers will then have to keep a close eye on the transactions that have yet to close the position, and at the same time seizing all opportunities to buy in. When the after-hours period arrives, dealers shall review and reflect on the transaction strategies of the day and exchange transaction information with other co-workers in preparing for the days ahead.
It is little wonder that the dealers’ salary is directly proportional to the transaction amount, in other words, the greater the transaction amount they achieve, the more they will earn. Nevertheless, while dealers endeavor to boost their transaction amount to add to the revenue of their company, they also have to strive for the best possible interests for their clients. Given that the market is ever changing in every second, to say the least, dealers must be bold enough to make informed decision for the sake of the three parties as mentioned. This is why these professionals indeed have to be well prepared for the immense stress that they are faced with on everyday basis.
Having said that, some dealers are mainly responsible for mid- or long-term investment and thus they do not need to strive for the maximum transaction volume every day. In this sense, their duties will be relatively easier and relaxing when compared with their counterparts. Some other dealers are responsible for overseas market and in this regard, they have to work around the clock of the country concerned.Interested in this industry?