| TradeKing CEO to Offer Perspective on the Growing Opportunity in ...
BOCA RATON, Fla., Nov. 19 /PRNewswire/ -- TradeKing (www.tradeking.com), a nationally licensed online broker dealer, today announced that its Chairman and CEO Donato Montanaro will be a featured speaker on "The Retail Business" panel during the 23rd Annual Futures and Options Expo taking place November 27-29 in Chicago. Montanaro and the panel participants will discuss the growth of options trading among individual investors and the various approaches brokerage firms are taking to offering options to the retail trader, comparing traditional business models with those of new entrants. He will be joined on his panel by brokerage executives from TD Ameritrade, Merrill Lynch, Optionshouse and OptionsXpress. For more information, visit: http://www.futuresindustry.org/expo-2007.asp.
Australian stock market closes down on global credit concerns
DESPITE a strong lead from Wall Street and higher commodity prices, the share market closed in negative territory, reversing earlier intraday gains, on cautiousness about global investments markets. At the 4.15pm AEDT close, the benchmark S&P/ASX200 index was down 20 points, or 0.33 per cent, to 5960, and the All Ordinaries had shed 21.1 points, or 0.35 per cent, to 6019.8. On the Sydney Futures Exchange, the March share price index was down 15 points to 5951 on a volume of 27,555 contracts. ABN Amro Morgans Ipswich manager Tony Russell said nervousness ruled the local market today. "The market is very jittery, we've been swinging from positive to negative.'' Mr Russell said Australian investors were cautious about the earnings results coming from the United States. "We'll see some of the major financial institutions reporting in the US tonight, so the market might be waiting to see what happens there.'' Mr Russell said trading conditions were thin, with many investors still on holiday.
DGCX secures Singapore approval
Dubai: The Dubai Gold and Commodities Exchange (DGCX) yesterday announced that it had secured approval from the Monetary Authority of Singapore (MAS), making DGCX a Recognised Market Operator (RMO) in Asia's key trading hub. With the approval, DGCX - the Middle East's first commodities derivatives market - could now offer Singapore-based market participants direct access to its growing portfolio of commodity and currency contracts. Commenting on the approval, Ahmad Bin Sulayem, chairman of DGCX, said, "Not only will this approval create opportunities for market participants based in Singapore, but is a clear demonstration of our commitment to meet customer demand for wider marker access". .
Globex: Upping the Ante in the Electronic Trading Wars
The Chicago Mercantile Exchange's Globex electronic exchange recorded 1.33 billion deals last year, generating roughly $825 million in revenue, according to corporate statements. CME Group earns additional revenue by licensing use of Globex to the New York Mercantile Exchange and the Korea Exchange, an arrangement that likely will include the China Foreign Exchange Trade System. Free Report from Keynote Systems 2007 Trends and Observations of the Mobile and Connected World examines how technologies, from the Web to the mobile phone, are specifically impacting key vertical industries, from financial services to new media. Download yours here. .
Financed by the Bank of Ma and Pa
It is almost impossible for anyone under 40 today to get get enough money for a down payment on a house unless they make a six-figure salary - and how many do? Remember, these are the people who are going to be looking after baby boomers in their old age. If they can't afford to make a decent living, have a place of their own and manageable debt, they might not support the elderly. Posted 12/02/08 at 10:18 AM EST | Alert an Editor | Link to Comment .
Video screen gives Snellville Police faster warrants
The new technology will give Snellville an edge as the county makes advances in its criminal justice computer systems, said Gwinnett County Court's Chief Magistrate George F. Hutchinson III. "The county is moving in the direction of creating a criminal justice information system," Hutchinson said. "Having Snellville on the cutting edge of that places it in a good position." Snellville is the first city in Gwinnett to implement the system. The Gwinnett County police department subsequently installed the system, Whitehead said. The upgrade didn't cost the citizens of Snellville one dime. About $5,500 in confiscated funds from illegal drug sales covered the bill for the new software. "The good news for the people of Snellville is the drug dealers paid for it," Whitehead said.
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