Unit of competency Outline

Date retreived
22/07/2026 10:02 AM AWST

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Prepare trading strategies for clients

Prepare trading strategies for clients

Unit of competency
National Code
FNSFMK510
State Code
AUX11
TGA Status
Replaced
DTWD Status
Transition (Replaced)
Current Release Number
1.00
Current Release Date
25/03/2015
View on TGA
State Implementation and Classification
Approved Date
16/09/2015
Field of Education
081105 - Investment And Securities
Original Release Date
16/09/2015
Nominal Hours
60
Description
This unit describes the skills and knowledge required to assess client needs and prepare appropriate trading strategies.It applies to individuals who manage relationships and use specialised knowledge and analytical skills to make judgements and prepare customised solutions.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.
Notes
Elements and Performance Criteria
1. Analyse client position, risks and needs
  • 1.1 Obtain and confirm client needs and objectives
  • 1.2 Obtain and analyse market and product data relevant to client needs and objectives
  • 1.3 Analyse market opportunities for client using appropriate analytical tools and methodologies
  • 1.4 Identify and justify trading opportunities for client as required
2. Develop trading strategy and manage risk in transactions
  • 2.1 Identify risks in strategy to both client and organisation
  • 2.2 Discuss risks with client and appropriate organisational personnel and make decision on whether to proceed or adjust strategy
  • 2.3 Finalise strategy in accordance with organisation’s policy, procedures and the legal and regulatory framework
3. Execute trading strategies for client
  • 3.1 Agree and set entry and exit levels and conditions for proposed strategy
  • 3.2 Identify appropriate order types or limit types for executing strategy and confirm order details with client
  • 3.3 Undertake ongoing monitoring for client, including adjusting trading strategy where warranted
No information
No information
Replaces
State Code National Code Title Type
D4132 FNSFMK510A Prepare trading strategies for clients Unit of competency
Replaced By
State Code National Code Title Type
OBR82 FNSFMK520 Develop and monitor risk management strategies for client Unit of competency