OFM Group announced a new Program, to consolidate the platform supporting its International Services, which will be brought online starting March 2012. The platform is now host to a number of new migrants, and more are planning to move aboard.

Building and capitalizing on OFM Group’s leadership in processing orders, the new Program boasts of an end-to-end solution that provides confirmation control, reporting and settlements, capture and lifecycle management. A wide range of products can be accessed online by clients across multiple asset classes.

“New connectivity, reporting and timing issues have to be addressed by clients by reviewing their current infrastructure as the market undergoes constant change,” remarked Beatrice Bloomfield, International Services Executive for OFM Group.“Customers need to manage their portfolios on a larger scale, and with greater control, while keeping costs associated with processing low. Our new program is highly scalable and will provide direct customer access via a web front end.”

Ever since OFM Group acquired its web based platform, the Company has been making key investments to develop it, leading to its perpetual improvement. The platform has received numerous awards. There are 3460 clients live who are on the platform, and more clients are coming aboard in the span of the coming months.

OFM Group is dedicated to providing clients with all-inclusive trading support, market research and advice and the finest futures trading and options advisory services available in the market. Our futures specialists are armed with the necessary knowledge and experience to help clients succeed in trading markets such as currencies, energies, precious metals and even grains.

The highlights of our services include highly professional customer service, secure and stable financial status, competitive rates, real time quotes, accuracy and speed of execution. We take pride in our advisors who have been trained and honed by education and experience. Here at OFM Group, we know and understand that the company you trade with can make the difference between profit and loss so we invest in the best of everything—manpower, technologies, facilities and security systems.

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OFM Group announced the hiring of Steven Cartridge as Chief Officer for Technologies. Mr. Cartridge has fifteen years of experience in technologies, having worked with major firms that capitalize on financial services.

“OFM Group’s position as a global market strategist is harped on by having the latest technology to support our activities,” said Gabriel Sanders, managing director of OFM Group. “Steven Cartridge has established himself as an exemplary manager of IT talents and will have no problems keeping abreast with broking cutting-edge products and tools. He is tailor-fit to supervise our IT platform, which has taken on far-reaching, global proportions, and will ensure that it will remain as the standard the industry is measured by,” he added. Mr. Cartridge holds a Bachelor of Science degree in Business Administration and is active in various charities, including domestic violence, lung cancer and animal rescue.

In his keynote speech, Mr. Cartridge said, “It is with great humility that I accept this appointment to become a member of OFM Group’s ever-growing team. With this appointment comes a resolve on my part to make every effort count in keeping the company on the pulse of technologies as they change the way we do business, and ultimately our lives. I am elated to be part of this company, and will look forward to working with all of you in pursuit of our goals and meeting the challenges that the technological landscape brings to us.”

OFM Group is dedicated to providing clients with all-inclusive trading support, market research and advice and the finest futures trading and options advisory services available in the market. Our futures specialists are armed with the necessary knowledge and experience to help clients succeed in trading markets such as currencies, energies, precious metals and even grains.

The highlights of our services include highly professional customer service, secure and stable financial status, competitive rates, real time quotes, accuracy and speed of execution. We take pride in our advisors who have been trained and honed by education and experience. Here at OFM Group, we know and understand that the company you trade with can make the difference between profit and loss so we invest in the best of everything—manpower, technologies, facilities and security systems.

Via EPR Network
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This year worldwide silver investment demand is expected to reach a value of $10bn on a net basis for the first time in history. A new OFM Group report, commissioned by The Tokyo Silver Institute, forecasts silver investment will achieve yet another historically high total this coming year in spite of a significant level of position unwinding by institutional investors.

In the report, OFM Group says the outlook for silver prices remains bullish, “with the potential of prices nearing, if not exceeding, the $45/oz, a realistic prospect as the first quarter develops.”

“However, should silver exceed $45,” the report cautioned, “Some unwinding may occur, principally of institutional positions, given their focus on upside potential. This raises the possibility of some deleveraging in the future markets.”

However, the study noted, “this should have little impact on silver’s safe haven qualities, with the potential for retail and high-net-worth investors to raise their asset allocation in favor of both silver and gold.”

This situation “argues well for bullion coin and small bar demand, not only in western markets, but also in India and China.” Indian physical investment demand could comfortably exceed 45 million ounces this year, up from 29 million ounces last year.

“Overall, therefore, world investment demand in 2012 is expected to realize a near record high total in volume terms,” the report predicted, and “in value terms likely to reach $10bn on a net basis for the first time.”

The study found the principle investment vehicles for retail investors remains ETFs and physical bars and coins. Along with growing physical silver demand, investor interest in silver futures traded on future exchanges has also increased.

Nevertheless, 2011 investor activity in silver futures “has been notably volatile,” according to the report.

Meanwhile, total silver ETFs holding have lost some ground. By the end of October, total holdings were reported at 577 million ounces, some 44 million ounces below the record peak of 621 million ounces established in April of this year.

The OFM Group study determined the U.S. and Germany dominated the global physical investment market. “This year a fresh peak will be set, in excess of 41 Moz., which will therefore achieve a similar gain to the 20% improvement posted in 2010.

In Canada, the market is dominated by sales of the locally produced 1oz Maple Leaf bullion coin. Sales of the coins rose by over 50% in 2010 with a further substantial increase anticipated this year.

Although China’s silver demand is considered still in its infancy, concerns about inflation, together with still robust price expectations, suggest a bullish outlook for Chinese investment demand over the remainder of this year, the OFM Group report suggested.

In India, total silver demand is expected to exceed 45 million ounces this year, a 55% increase over 2010.

The report identified the top five silver producers as BHP Billiton, 46.6 Moz in 2010; Fresnillo, 38.6 Moz; KGHM PolskaMiedz, 37.3 Moz; Pan American Silver, 24.3 Moz; and Goldcorp, 23 Moz.

“Given that only a relatively small percentage of annual world silver production is derived from primary silver producer,” the report observed, “it is of little surprise to learn that the market features a modest number of primary silver companies.”

Meanwhile, for investors seeking a pure play upon silver there are streaming companies such as Silver Wheaton with a market cap of $11 billion.

The study found world silver fabrication (not including coins) this year is expected to achieve its highest total since 2007. “However, this will be offset by a health rise in global mine production.”

“As a result, we expect this year to generate a silver market surplus not dissimilar to the 2010 total of 190 million ounces,” predicted OFM Group. “In other words, the surplus should remain at near record highs, against the far more modest levels seen in the mid-2000s.”

“In value terms, the forecast surplus for 2011 is even more noteworthy, at an estimated US$7.5 billion, nearly double the positive in 2010 (which itself was a record level),” the report observed. “In spite of this hefty surplus, silver prices, in broad measure, strengthening further this year, pointing to, at times, still robust levels of investors demand, which has effectively ‘stepped in’, as occurred in 2009 and 2010, to absorb this excess metal.”

OFM Group is dedicated to providing clients with all-inclusive trading support, market research and advice and the finest futures trading and options advisory services available in the market. Our futures specialists are armed with the necessary knowledge and experience to help clients succeed in trading markets such as currencies, energies, precious metals and even grains.

The highlights of our services include highly professional customer service, secure and stable financial status, competitive rates, real time quotes, accuracy and speed of execution. We take pride in our advisors who have been trained and honed by education and experience. Here at OFM Group, we know and understand that the company you trade with can make the difference between profit and loss so we invest in the best of everything—manpower, technologies, facilities and security systems.

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Mr. Hsiung, who joined OFM Group as Associate Counsel General in 2009, will be managing the Company’s legal affairs on a global basis, with accountability for corporate litigation, human resources, contract negotiation and labour relations, and outside counsel relationships. He takes the place of Francis Peters, the Company’s previous Counsel General who had been promoted as Chief Officer for Legal Affairs early this month.

“In his colourful tenure as Associate Counsel General, Joel’s experience, leadership attributes, and tried-and-tested track record in legal affairs deftly handling all differing aspects of OFM Group’s legal needs have become an unquestionable asset to the company,” said Mr. Peters. “He has earned the accolades and respect of OFM Group’s management and its workforce, and is perfect for the position of Counsel General, he continued.

Mr. Hsiung joined OFM Group, after he has worked for more than two decades, lastly as counsel in its Corporate Litigation group. He earned his undergraduate degree with honours and distinctions from the University School of Law, where he was a member of its Law Review Board for two years.

“In the wake of this, my appointment to the helm of one of the largest financial institutions in this part of the world, I am one happy man,” Hsiung said. “Working with OFM Group in meeting the business landscape’s ever-changing legal issues head-on is my No.1 priority, and I will be working with you to see that end,” he added.

OFM Group is dedicated to providing clients with all-inclusive trading support, market research and advice and the finest futures trading and options advisory services available in the market. Our futures specialists are armed with the necessary knowledge and experience to help clients succeed in trading markets such as currencies, energies, precious metals and even grains.

The highlights of our services include highly professional customer service, secure and stable financial status, competitive rates, real time quotes, accuracy and speed of execution. We take pride in our advisors who have been trained and honed by education and experience. Here at OFM Group, we know and understand that the company you trade with can make the difference between profit and loss so we invest in the best of everything—manpower, technologies, facilities and security systems.

OFM Group is dedicated to providing clients with all-inclusive trading support, market research and advice and the finest futures trading and options advisory services available in the market. Our futures specialists are armed with the necessary knowledge and experience to help clients succeed in trading markets such as currencies, energies, precious metals and even grains.

Via EPR Network
More Financial press releases