the gearing is a tad too low though, wonder can neg to 25 times leveraging....will check it out next week
Technical Analysis Fallacy
- #8,683
- Jul 10, 2009 4:00am Jul 10, 2009 4:00am
- | Joined Aug 2007 | Status: Senior Member | 1,798 Posts
To Live is the rarest thing in the world , Most people exist , that is all
- #8,685
- Jul 10, 2009 4:14am Jul 10, 2009 4:14am
- Joined Jan 2008 | Status: Trader | 1,043 Posts
based on past observation, everytime somebody tries to accomodate sub minimum bank ticket size, they fail miserably, currenex and hotspot retail are prime example. still need my bucket shop 
- #8,686
- Jul 10, 2009 4:24am Jul 10, 2009 4:24am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
based on past observation, everytime somebody tries to accomodate sub minimum bank ticket size, they fail miserably, currenex and hotspot retail are prime example. still need my bucket shop
Thats true, but the retail is changing the landscape much for the Big Boys. Its still infancy.be patient,after the recession, the mindset may change. Its all bottom line driven.Now with much risk compliance on the Big Boys, that business may frizzle off to downsize. esp if SME treasuries join into retail game, it will come to be,the question is whether I have enough life to see it happen.
Of Course , if the retail fx brokers cleanup their act, things will be much faster. They had done much to bring life to retail fx , lets see if they have more magic to create a vibrant retail fx market, but spot interbank will always remain that.
Probably the corp desks may be redundant, but the playing field and pyramid will level ,I hope.
- #8,688
- Jul 10, 2009 4:48am Jul 10, 2009 4:48am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
aiyah if i remember your age correctly you got good chance to see the evolution lah, and everything move in fst pace nowadays. all I am concern about the growth of the industry is the introduction of many things propriety and make trading costly.
have you checked out iocbc fx ?
its not the age I am worried about , its mu health.yes, thats true, I did tried to bring this on in SIMEX long long ago, with deferred spot contracts, and the planning for mini deferred spot, but the interbank sabo it to fail.esp when I wasn't market making anymore and when Richard Loke , passed on, it just disappeared. Globex International could had succeeded as well, if not for the managements dictatorial stance to squeeze bro fees and its internal politics.
No had no working relationship with local banks, but my opinion is that they are always somewhere behind the cutting edge, so I didn't check them mostly. The most innovative local house I know then, was "poems", and that had dropped out of radar.
If you have experience there , I would be obliged to listen.
- #8,689
- Jul 10, 2009 4:51am Jul 10, 2009 4:51am
- Joined Sep 2006 | Status: Chasing Trends | 2,339 Posts
aiyah if i remember your age correctly you got good chance to see the evolution lah, and everything move in fst pace nowadays. all I am concern about the growth of the industry is the introduction of many things propriety and make trading costly.
have you checked out iocbc fx ?
yes, thats true, I did tried to bring this on in SIMEX long long ago, with deferred spot contracts, and the planning for mini deferred spot, but the interbank sabo it to fail.esp when I wasn't market making anymore and when Richard Loke , passed on, it just disappeared. Globex International could had succeeded as well, if not for the managements dictatorial stance to squeeze bro fees and its internal politics.
No had no working relationship with local banks, but my opinion is that...
- #8,690
- Edited 5:15am Jul 10, 2009 4:56am | Edited 5:15am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
i tried vickers...i should stop here. lol
- #8,691
- Jul 10, 2009 5:10am Jul 10, 2009 5:10am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
i tried vickers...i should stop here.
boss, u got all e lobangs right? Now that ur free. why dont you try to make it happen again? parting gift for e industry, lol! Future contracts costs a bomb here.
Thanks for the encouragement,jest, but I really have to sit back, nowadays I try to spend more time with family.I know 5 persons that can make this happen,if they wanted to. One is Mr Mukundan, the forex King maker. He is retired to his antique shop somewhere DownUnder after his 2nd bypass. The other man is FuHua at SGX, only if he may want to take this challenge before retiring. I don't know the whereabouts of William Chow,Kenneth Ko and QuekHin, these people can make it happen, if only someone could bring them out of retirement. And SingJin(make it 6), had never met a better interbank broker than him.
- #8,695
- Edited 5:49am Jul 10, 2009 5:36am | Edited 5:49am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
wah your experiences really exciting to read about, health wise, try taiji, pilates or yoga ?
anyway those names you mentioned probably ain't interested in making changes anyway, why fix something that ain't broken ? more competition is the way to go in my opinion, its just that we can't even accomodate 2 tv stations zzzzzzzzz
I know for me, I had given, that which I can offer.
And if I suddenly kicked the bucket, that which is close to my heart had been left behind to be enhanced.
Watch it now, retracement inprogress.
You know, hard where the days when I had to chart the markets manually.
When computerisation came to being, only a handful of people championed the cause. Computrac,Teletrac, KnightRidder,..........and later Bloomberg News Services, Reuters was forced into it for sake of bottom line. With MT4(reminds me of Metastocks) seems the monopoly is broken. You should be thankful, and much more changes will come about, I hope............enough walk down memory lane.
- #8,698
- Jul 10, 2009 5:45am Jul 10, 2009 5:45am
- Joined Jan 2008 | Status: Trader | 1,043 Posts
Well, maybe for honour and captainship.
I know for me, I had given, that which I can offer.
And if I suddenly kicked the bucket, that which is close to my heart had been left behind to be enhanced.
Watch it now, retracement inprogress.
yah lor....really appreciate your generosity, sharing what you know over here
despite claiming retirement, sir i don't think you really are in your heart.
Dinner time....position closed
- #8,700
- Jul 10, 2009 5:51am Jul 10, 2009 5:51am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
yah lor....really appreciate your generosity, sharing what you know over here
despite claiming retirement, sir i don't think you really are in your heart.
Dinner time....position closed
CU