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Definition of 'Head Trader'
The manager of a trading business. He or she is responsible for the positions, risk and ultimate profitability of that business. In a registered securities firm, the head trader supervises all traders and other personnel within his or her purview. Most notably, the head trader is charged with insuring regulatory and internal compliance for every employee who is part of the trading operation (i.e., not just traders).
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Investopedia explains 'Head Trader'
Any head trader in a securities operation with supervisory and/or approval responsibilities must be a registered principal, meaning they must hold all the basic securities licenses and possess one of the following: a series 4, 9, 10, 23, 24, 51 and/or 53 license. The exact principal exams required depend on the scope of the head trader’s responsibilities. In smaller firms, there may only be one or two head traders, but in large firms there are frequently many head traders, each in charge of a specific market. The head trader for municipal securities, for example, would have, at a minimum, a series 53 license. Different licenses apply for futures and commodities trading operations. A registered options principal, for example, will hold a series 4 license.
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Search results for 'Head Trader'
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http://www.investopedia.com/video/play/what-is-the-head-and-shoulders-pattern
The head and shoulders chart pattern is a popular and easy-to-spot pattern -
once a trader is aware of what they are watching for. ...
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http://www.investopedia.com/articles/technical/121201.asp
... shoulder. Again, the stop can be placed at the head of the pattern, although
this does expose the trader to greater risk. In Figure ...
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http://www.investopedia.com/articles/trading/08/rogue-traders.asp
... He used his position as both the head trader and the one responsible for settling
trades in the office to hide his losses in a secret account, which was ...
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http://www.investopedia.com/articles/optioninvestor/09/the-long-collar.asp
... two decades. He was the head trader at a CTA for 8 years and a trading
system and trading software developer for 15 years. As an ...
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http://www.investopedia.com/articles/forex/09/day-swing-position-trader.asp
... Given its considerations and precautions, the knowledge of time in trading and
execution can help every novice trader head toward greatness. ...
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http://www.investopedia.com/articles/optioninvestor/09/bear-vertical-put-spread.asp
... two decades. He was the head trader at a CTA for 8 years and a trading
system and trading software developer for 15 years. As an ...
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http://www.investopedia.com/articles/optioninvestor/09/long-ratio-backspread.asp
... two decades. He was the head trader at a CTA for 8 years and a trading
system and trading software developer for 15 years. As an ...
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http://www.investopedia.com/articles/optioninvestor/10/trend-following-indicators.asp
... two decades. He was the head trader at a CTA for 8 years and a trading
system and trading software developer for 15 years. As an ...
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http://www.investopedia.com/articles/optioninvestor/10/modified-butterfly-spread.asp
... two decades. He was the head trader at a CTA for 8 years and a trading
system and trading software developer for 15 years. As an ...
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http://www.investopedia.com/articles/optioninvestor/10/sizing-futures-trade.asp
... two decades. He was the head trader at a CTA for 8 years and a trading
system and trading software developer for 15 years. As an ...
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