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:
Assessment: Traders Abilities
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.
Capacity
You act in the role of a trader.
Task
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.
Objective
The aim of this simulation is to assess your skills as a trader and, thus, to see whether your competences are fit for purpose.
Conclusion
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.
Capacity
You act in the role of a trader/broker-dealer.
Task
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.
Objective
The aim of this simulation is to assess your skills as a trader and, thus, to see whether your competences are fit for purpose.
Conclusion
At the end of the test you will be reported the score reflecting some of your capabilities. See how you have done.
| 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.
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.