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normal post sticky Forums Author Topic: Weekend Reading List
cherrycoke
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ccoke Forums
xx Forums Re: Weekend Reading List
on: July 8, 2012, 20:35
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America the Absent.
Why is the U.S. afraid to lead the global economic recovery? .............
...........
The quintessential challenge facing U.S. policymakers is to convince other nations to buy into a rules-based order rather than respond to the siren calls of currency wars and capital controls. For example, with most emerging economies uneasy about Beijing's trade and foreign policies, Washington must incentivize others to take the high ground and strengthen investor protections, enforce intellectual property rights, and adhere to trade rules. With others playing by the rules of the game, a misbehaving China would be turned into a pariah.

http://www.foreignpolicy.com/articles/2012/07/06/america_the_absent?page=0,0

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Brites
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brightlight Forums
xx Forums Re: Weekend Reading List
on: July 9, 2012, 18:24
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Here we go again....

http://www.zerohedge.com/news/futures-brokerage-pfg-best-freezes-accounts-following-discovery-accounting-irregularity

Call me a cynic but if CFTC can't keep what was once brand name trading shops(MF, these clowns), how excited do you think they'll be about regulating "A group of financial professionals specializing in binary options"(oh yeh, and based in Cyprus).

cherrycoke
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ccoke Forums
xx Forums Re: Weekend Reading List
on: July 9, 2012, 19:48
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i was just 'promoting' PFGBEST over at the other forums to newbies for reliable platform providing binary options less than 10 hours ago............. and i still think CySEC is a joke for trying to square these off-shore binary brokers away.

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Brites
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brightlight Forums
xx Forums Re: Weekend Reading List
on: July 10, 2012, 07:21
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Hot off the press & unfortunately accurate, enjoy.

Brites
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brightlight Forums
xx Forums Re: Weekend Reading List
on: July 11, 2012, 08:05
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Wonder if the computers would get "price changed" message like I do on a bin platform?

http://in.reuters.com/article/2012/07/10/markets-forex-ebs-idINL6E8IA9DO20120710

Brites
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brightlight Forums
xx Forums Re: Weekend Reading List
on: July 12, 2012, 17:56
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Got that going for us...

http://www.spaceweather.com/

Brites
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brightlight Forums
xx Forums Re: Weekend Reading List
on: July 12, 2012, 19:50
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Letter from our CEO

In light of the recent news regarding regulatory actions and the bankruptcy filing by our FCM Member firm Peregrine Financial Group, Inc. (“PFG”), we felt it was appropriate to provide our Members with a statement regarding the situation.

All PFG customer funds on deposit with Nadex are held by Nadex in fully segregated accounts at Nadex’s bank. Those funds, which represent a very small portion of PFGBest’s total customer segregated funds, will be held by Nadex until disbursement is directed by the regulators and the bankruptcy court. All PFGBest customer positions at Nadex expired on Monday July 9 and PFG has no remaining open positions at Nadex. Nadex incurred no loss as a result of its relationship with PFGBest.

Nadex is a fully regulated exchange and clearinghouse. We do not trade, either on Nadex or elsewhere. Nor do we leverage customer deposits through exotic investments; instead, we currently hold all customer deposits as cash in properly segregated bank accounts. Moreover, all products traded on Nadex are fully collateralized, which means that the funds used to establish positions on Nadex must actually be on deposit with Nadex in its segregated bank account prior to an order being accepted by the exchange. This process of checking each order against the funds available to support that order, referred to as “Cap Checking”, ensures that funds sufficient to cover the maximum possible loss on any trade (and conversely, to pay out the maximum possible profit on any trade) is collected in advance of the trade and held at the Nadex clearinghouse.

At Nadex, we take the integrity of the exchange and the safety of customer funds very seriously. Beyond adhering to the regulatory requirements for segregating customer funds, we feel that our fully collateralized products and the Cap Checks required by the Nadex Rules add additional levels of security that are not available on any other US exchange.

We thank you for choosing Nadex and for your continued business.

Sincerely,

Yossi Beinart
Chief Executive Officer

Brites
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brightlight Forums
xx Forums Re: Weekend Reading List
on: July 12, 2012, 19:54
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Words like regulated, segregated, no leveraging of customer deposits, and last but not least integrity, nice job Nadex!

cherrycoke
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ccoke Forums
xx Forums Re: Weekend Reading List
on: July 13, 2012, 22:41
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PFG Founder Admits: I Forged Bank Statements for 20 Years

http://www.cnbc.com/id/48177543

http://www.cnbc.com/id/48143221/

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cherrycoke
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ccoke Forums
xx Forums Re: Weekend Reading List
on: July 13, 2012, 22:43
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What Are Regulators Doing to Protect Your Money?

http://www.cnbc.com/id/48138180

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