Assessment: Traders Abilities

Traders’ competences can be modelled by FAUC (Framework for acting under uncertainty and complexity). Traders must be creative, resilient, adaptive, alert and entrepreneurial. In addition, they must have a feeling for numbers and be good in calculating. Besides, traders must be decisive, they should be daring to make decisions, under pressure, and, thus, in a timely manner. In other words, traders require various competencies, including arithmic skills, technical awareness, attitude awareness and responsiveness. We recommend to test (candidate) traders in these fields, namely as follows:

Technical Awareness test

In Entrima’s online Trading Simulation platform we have implemented some simulations that can be applied as assessment tool.

Traders need to know what they are doing and maintain an overview of their actions and the consequences of such. Get assessed and challenge your competences as trader.

You act in the role of a trader.

You can start the way you please. Transact whatever product you prefer, the way you like. Check your financials at the start, as well as during the simulation. Likewise applies to the deals you enter into. At a certain moment you will be assessed. You will be raised questions to see whether how much feeling for numbers you have and to what extend you are aware of your current situation.

The aim of this simulation is to assess your skills as a trader and, thus, to see whether your competences are fit for purpose.

At the end of the test you will be reported the score reflecting some of your capabilities.

Source of assessment:	Developed by Entrima
Where:	Entrima’s Trading Simulation Platform
Duration:	60 minutes
Reporting:	Score + Study Advice
Rate for individual:	€ 285 p.p.
Rate for group:	Contact info@entrima.org for RFP
Under supervision:	Yes
Including:	Combined with Responsiveness Test

Responsiveness test

In Entrima's online Trading Simulation platform we have implemented some simulations that can be applied as assessment tool. Traders need to show a(n) (pro-)active approach and assertiveness on the back of initiatives by others in the market. No time should be wasted. Get assessed and challenge your competences as potential trader or dealer.

You act in the role of a trader/broker-dealer.

You can start the way you please. Transact whatever you like, the way you like. At a certain stage you will be challenged. You will have to perform tasks to see whether and to what extend you can perform under pressure and whether you have a feeling for numbers. You’ll be called via telephone to provide a client or peer various requests for quote (RFQ). Upon receipt of such a request, you will have to submit your quote. Any quotation has to consist of both a bid price and ask price, whereby a maximum bid-ask spread applies.

The aim of this simulation is to assess your skills as a trader and, thus, to see whether your competences are fit for purpose.

At the end of the test you will be reported the score reflecting some of your capabilities. See how you have done. To assess your performance the following rules are considered:

Source of assessment:	Developed by Entrima
Where:	Entrima’s Trading Simulation Platform
Duration:	60 minutes
Reporting:	Score + Study Advice
Rate for individual:	€ 285 p.p.
Rate for group:	Contact info@entrima.org for RFP
Under supervision:	Yes
Including:	Combined with Technical Awareness Test

Arithmetic Skills test

We test whether a person has a good feeling for numbers and whether the candidate can process numbers accurately and fast.

Arithmetic Competences — Analytical — Speed
Arithmetic Competences — Analytical — Abilities
Arithmetic Competences — Analytical — Estimation
Arithmetic Competences — Analytical — Alphabet
Arithmetic Competences — Analytical — Operators

Source of assessment:	Developed by Entrima
Where:	Online, via secured portal
Duration:	60 minutes
Reporting:	Scores
Rate for individual:	€ 199 p.p.
Rate for group:	Contact info@entrima.org for RFP

Attitude Awareness test

Professionals in the commodity & energy markets have to cope with their environment, which is competitive and could be stressful, amongst others due to peak pressure and the capital involved. Next, the right ethical framework is required, fitting the corporate culture. At all times, one has to act with integrity. Misconduct, including financial crime, should be prevented. All employees in the markets need to be aware of sensitive information and how to handle it. Everyone needs to know when or which information can be qualified as inside information and what the consequences are of such.

More information

Notes:

All mentioned prices are excl. 21% VAT. Outside Europe: VAT reversed.
Besides English, some tests are available in several other languages.
Extra reporting requests (on top of our standard), if possible and approved, will result in a surcharge.
Data privacy & security: The setup we have created for assessments in our online portals meets all required standards and it meets the data protection rules.

Our Labels

Entrima and Market Abuse Centre (MAC) are the two labels we operate to provide learning services for professionals in the commodity & energy markets.

Content & Context

Entrima’s mission is to transfer knowledge regarding the business, controls & operations of parties in (or relating to) the wholesale markets.

www.entrima.org

Conduct & Culture

MAC’s mission is to facilitate the prevention & detection of misconduct and to foster proper behaviour in organisations. This is achieved via training, periodic updates and increased awareness.

www.marketabusecentre.com