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TOMEX Announces Changes in Credit Brokerage Management Team

TOMEX, a leading operator of regulated futures exchanges, clearing houses and over-the-counter markets, announced changes to the management team within its Credit Tomex dervivatives sector. Wholy owned by TOMEX, Credit Tomex is one of the most promising platforms for default swaps and derivatives credit.

TOMEX appointed Arata Haruka as President. Mr. Haruka was previously the Managing Director at Credit Tomex where he was in charge for several years. Mr. Arata Haruka will replace Umetaro Hakaru, Chief Executive Officer of Credit Tomex, who is now pursuing other opportunities. Mr. Umetaro Hakaru played a key role in building Credit Tomex and in facilitating its integration into Tokyo Mercantile Exchange Trading Platforms. TOMEX has also appointed Jefferson Harold as Chief Operating Officer of Credit Tomex. Mr. Jefferson Harold joined Credit Tomex a few years back as the Financial Officer and played an instrumental role in creating synergies between Credit Tomex and TOMEX Trading Platforms.

Hisao Yamada, the Senior Vice President who co-created Credit Tomex a decade and served as its C.O.O to TOMEX last year will also be in charge of the Marketing Department of Credit Tomex and also will remain as an advisor to TOMEX Board of Directors. Since the inception of Credit Tomex recently, he has been instrumental in the integration of Credit Tomex into the organization and in the execution of TOMEX strategies.

TOMEX CEO, Jefferson Harold, said: “We are more than happy to elevate the new management as key contributors in our business. Based on our successful partnership in supporting the evolution the credit default swap space, I want to thank the whole management team for their help with our achievements over the past years. This industry insights have been extremely important as TOMEX has established its leadership position in the credit default swap markets. On behalf of the entire TOMEX team, I want to explicitly state our appreciation to the whole of the management team for their efforts in integrating Credit TOMEX business.”

Via EPR Network
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TOMEX Announces the Launch of Long-Term Bond Futures for Clients

Tokyo Mercantile Exchange, one of the industry’s biggest and most diverse futures marketplace recently announced the launch of long-term futures beginning this year. These contracts will be part of and subject to the regulations and laws of the industry authorities. It will also be approved pending the board’s ruling.

“The long-term futures has now become part of TOMEX’s product listing as part of our response to overwhelming customer demands and requests for a contract that is similar to this one that we have launched,” said Tokubey Ito, TOMEX Director and Vice President of Consumer Affairs. “This new contract will complement our remaining products and allow us to grow the range of services as well as trading opportunities for industry participants and our clientele.”

Derivatives that are redeemable for the new long-term futures contracts will consist of cash bonds with at least 25 years of remaining term to maturity. By comparing them, redeemable derivatives for the existing bonds contract are bonds with remaining terms to maturity of 15 years or more. There is a rather vast difference between the two that clients will be able to choose depending on what they prefer. The recent policy shift towards greater issuance of long-term bonds has enabled Tokyo Mercantile Exchange to launch this contract targeted at this important part of the yield curve.

In all other aspects the specifications for the bond futures have seen close resemblance with those that are in the existing treasury bond contract. They are similar in terms of their value, low tick size, contract critical dates, and coupon. Initially, TOMEX will list three delivery months in the bond futures, beginning with mid 2012. There will be no notable differences or adjustments to the currently listed treasury bond futures contract specifications and requirements. Additional information about futures, other trading products and TOMEX’s other interests can be found at www.tomex.jp.

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Saxo Bank And ICAP Shipping Involved In World’s First Electronic Container Freight Swap Settled In USD

Saxo Bank, the trading and investment specialist, and ICAP Shipping, the shipping arm of ICAP plc, announced on Thursday that they were involved in the execution of the world’s first electronic, voice-assisted trade of a container freight swap agreement settled in US dollars.

The counterparties to the trade were Saxo Bank in Denmark as the buyer and a Netherlands-based trading house as the seller. ICAP Shipping was the broker of the trade. The container freight swap agreement was executed on ICAP’s Webtrader platform, with manual input from ICAP Shipping brokers and cleared by LCH.Clearnet.

The trade was executed by rugby star Lawrence Dallaglio during ICAP’s 19th annual Charity Day. On ICAP Charity, all ICAP revenues are donated to a selection of 200 charities and celebrity patrons are invited to help close deals. Mr. Dallaglio attended ICAP Charity Day in support of Cancer Research and Great Ormond Street Hospital.

Container freight swap agreements lock in the freight exposure for standard containers transported from Asia to Europe, Mediterranean countries and the United States. Cash flow for this sort of freight exposure has been unpredictable for retailers, importers and logistic companies in the past and the concept of pricing container freight against indices and using swap agreements to manage the risk has attracted many industry participants over the last year. Screen execution with the added surety of voice broker assistance was a key requirement of customers.

Henry Liddell, CEO ICAP Shipping said: “The execution of the world’s first electronic container freight swap agreement is an important milestone in the on-going development of the container swaps market. This youngest segment in the shipping industry has seen a rapid growth over the last decade and will become an even more important risk management tool in the current economic environment. Container swaps are a hedging tool for the container industry to manage the price volatility of the physical market.”

Johan Gade, Freight & OTC Derivatives, Saxo Bank said: “We fully support electronic freight derivatives trading and believe that going forward container swaps will be a valuable addition to the electronic dry bulk and tanker freight derivatives offering we are about to launch.”

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Saxo Bank Comments On Eurozone Sitation Ahead Of EU Leaders Summit

Saxo Bank has released a new macro view video with Steen Jakobsen, Chief Economist, commenting on the situation for the Eurozone ahead of the EU leaders’ summit and in light of the major global central banks’ intervention to boost liquidity. The concerted central bank action has effectively resulted in the US printing money for Europe seeing as the European Central Bank will not, says Steen, adding that it’s like flying in a jet with one engine only – hardly a safe scenario.

The surprising joint intervention by the world’s largest central banks to make it cheaper for financial institutions outside America to borrow dollars has had a positive effect on risk sentiment, but is not expected to last long. For an extended rally or to just sustain gains something more needs to be put on the table, like better fundamentals, plus structural changes and real commitments to toing the line in Eurozone nations, says Steen. The reason being that the severe solvency issues in Europe and deep rooted growth problems are still very much plaguing outlooks.

One could argue that with the central banks having joined forces the pressure is now more so on European politicians to implement lasting austerity and commit to cleaning up their backyards and follow standard rules. The question is whether EU leaders will be able to set things straight once and for all when they meet for the seventeenth time to solve the issues. Steen remains doubtful.

In the meantime, the central bank action has resulted in the cost of emergency dollar funding being cheaper for European banks than US banks. Therefore there is increased expectation now that the Federal Reserve will lower its discount rate by at least 25 basis points before the new dollar swap rate kicks in on December 5. A deeper cut is also possible, he says but that would mean the Federal Reserve is virtually letting go and committing to printing money forever.

Steen also commented on the global macro situation, in particular China, following the Reserve Requirement Ratio cut amid a slowing growth scenario and in terms of timing in a global context. Meanwhile US data continues to please for now at least but he warns that the better numbers may be petering out.

The full video can be viewed at http://www.tradingfloor.com/blogs/macro-ad-hoc/global-central-bank-action-puts-heat-on-eu-summit-to-deliver-886705704.

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Saxo Bank Releases New Asia Focus Video

Saxo Bank, the online trading specialist, has released a new Asia Focus Video which features Andrew Robinson, Forex Analyst for Saxo Capital Markets in Singapore, analysing the People’s Bank of China’s decision to lower its reserve requirement ratio, whether it’s a taste of more cuts to come and how much it is a clear signal that the world’s second-largest economy is really slowing after all.

The unexpected People’s Bank of China’s announcement that it will lower its reserve requirement ratio on December 5, representing the first cut in three years, initially surprised markets and started a risk-on sentiment, particularly in equities and incited market hunger for more monetary easing.

As such, reserve requirement ratio cuts rarely come in isolation and more are likely soon, probably as early as next month, confirmed Andrew Robinson, FX Analyst, Saxo Capital Markets. He said the timing of this easing has to do with the flow of data of late which has pointed to a slowing in the economy and that it was acknowledgement of this situation. Furthermore it pre-empted the latest purchasing manager index data which confirmed a contraction scenario for the economy.

Commenting on the recent data from China, Andrew said: “Last month’s data was looking particularly soft and the expectations for this month are not particularly encouraging. If we look at the data that’s been coming out recently, it’s certainly suggesting that the market is slowing down.

“I think this is a pre-emptive move by the PBOC and they’re looking to continue it and build the economy.”

The focus in the coming days will now shift to inflation data with more declines in the consumer price index and an even greater drop in the purchasing prices index seen. Combined, this confirmation of a softening in price pressure effectively removes a hurdle the People’s Bank of China was facing in terms of the freedom to continue to ease monetary policy.

The video can be viewed at http://www.tradingfloor.com/blogs/macro-ad-hoc/more-chinese-easing-as-price-pressure-abates-removing-pboc-hurdle-1126984016, with many other forex videos available on the Saxo Bank site.

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Saxo Bank Enables Online Islamic Trading

Saxo Bank A/S, the online trading and investment specialist, has enabled its clients to identify and trade Islamic compliant stocks and ETFs on more than 25 exchanges worldwide. The Bank selected IdealRatings Inc., a leading global Islamic compliant fund management service provider, as the most reliable source for identifying Islamic compliant instruments globally.

The compliance reasoning is based on commonly accepted and transparent Islamic guidelines defined by IdealRatings and Shariah Review Bureau with operations in Jeddah, Bahrain and Saudi Arabia and Manama. More than 12,000 stocks and Exchange Traded Funds (ETFs) are screened and researched on a monthly basis by IdealRatings.

Jakob Beck Thomsen, Regional head of Middle East and CEO Saxo Bank (Dubai) Ltd., said: “Islamic finance is one of the fastest growing sectors in the world today and we are excited to enable our clients to identify and trade Islamic compliant stocks online. IdealRatings is the industry’s most trusted brand for identifying and researching Islamic compliant stocks and we are confident in offering their data to our clients.”

Mohamed Donia, CEO of IdealRatings, added: “Saxo Bank A/S has always been an innovator and market leader in providing its clients with quality financial services and we are delighted to partner with them to provide this reliable information for their discerning investors.”

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The Choice Of His Broker Binary Options

The choice of his broker of binary options can sometimes be very complex, especially if we begin and if we do not still know the world of the on-line investment. The strategie-binaires.com site helps you to make the best choice.

Before beginning to trade by means of the binary options, it will be necessary for you to pass by an indispensable stage, the choice of your broker or on-line broker. Now, the brokers proposing this type of investment being more and more numerous on internet, the choice can sometimes turn out complicated, especially when we begin. It is then to help you to make the best possible choice that the strategy-options.com site decided to help you by explaining to you what are elements important to compare between each of the offers. Know besides that strategy-options.com also realized a comparative degree of the main brokers with for each of them precise explanations regarding their advantages and inconveniences.

In the meantime, here are some rules simple to apply during the choice of your partner broker of binary options:

The general characteristics of the brokers of binary options:

Before interesting us in the technical details, it is essential to have a particular attention on the general characteristics proposed by the broker whom you will choose.

According to your budget, you will also have to look at the conditions of deposits and at the minimum amount asked for each of the proposed options. Useless indeed to ruin you in a single investment there where other brokers will ask you for a less important amount of transaction. Once this detected information, you can also take into account offers of welcome proposed by the quasi-totality of the on-line brokers. These offers can take various forms (bonus of deposit, refund of the losses) and asks an in-depth study to determine which one is the most interesting. For that purpose, consult the present general conditions on the concerned sites. Do not also forget to verify expenses connected to the cash withdrawal and the extensions announced in this direction.

Finally, to guarantee you a legal resort in case of dispute, think of choosing only the brokers being approved by the European authorities in on-line investment and in brokerage.

The technical characteristics to be verified:

Once the general characteristics were studied and the best offers were brought out of the lot, you can proceed to a study of the technical constituents of each of the brokers. For that purpose, you have to know the main platforms of trading proposed on the market or inquire with the broker when this one developed only the technical solution. Among platforms the most spread on the market, we find very qualitative Metatrader who offers possibilities of evolution and very interesting programming for little that we are able of establishing complex strategies.

In every case, opt even there for a platform completely translated or developed in English to guarantee you an optimal use of each of the given tools.

Concerning these tools, their number and their quality also varies from a platform to the other one. To know which one of these platforms will offer you the services which you really need, think of determining in advance a list of indicators which seem to you essential in good investments. Useless indeed to block you of superfluous tools which will finally return your transactions less intuitive and more complex, especially if you are novices in trading. Before choosing a broker of binary options, think of testing systematically their platform thanks to the accounts of demonstration.

To know the main brokers of the market and their advantages and inconveniences, consult our evaluations on www.strategy-options.com.

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Saxo Bank Receives Best Active Trading Tools Award At Shares Awards

Saxo Bank, online trading and investment specialist, has won the award for ‘Best Active Trading Tools’ at the annual Shares awards in London.

The Shares awards aim to recognise those organizations providing both innovative and high quality of service to the world of retail investment. The awards provide a platform for traders and investors to voice who are the best in the business.

Henrik Dyrholm Holst, Head of Platform Management at Saxo Bank, commented on the win: “Saxo Bank is proud to have been awarded for providing the industry’s leading trading tools. Saxo Bank is renowned for our online forex trading but SaxoTrader is a multi-product trading platform offering clients a wide range of opportunities to trade the world’s capital markets, from FX Options and Futures to CFDs on stocks, indices and commodities as well as popular investment products such as Stocks, Bonds and ETFs. We have continuously focus on making the trading experience for all types of traders as positive and intuitive as possible, and clearly guide users through the broad range of features on the platform. In 2011 we have also upgraded the platform with winners/losers stock in intraday real-time across all 23 stock exchanges covered by Saxo Bank. In addition, we continue our investment in optimizing and adding new trading tools and are happy to announce the imminent launch of our cutting edge trading apps for both Android and iPhone.”

Saxo Bank’s trading platforms have defined the company’s success in the online trading space for over a decade. Since introducing the SaxoTrader in 1998, Saxo Bank has enhanced and improved its platforms to meet the evolving needs of forex traders and investors in a continuously changing industry.

Shares is the leading weekly publication for stock market professionals and private investors and as such is read weekly by thousands of analysts, fund managers, stockbrokers, company directors and private investors. The Shares’ team of expert writers is highly regarded in the City and their comment frequently influences the market’s view of individual companies and their underlying share price. The magazine’s easy-to-read style and depth of analysis has made it the indispensable weekly read for those actively investing in the UK stock market today.

A full list of awards can be found at http://www.sharesawards.co.uk/awards/.

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Saxo Bank Releases New Video Commenting On Eurozone Crisis

Saxo Bank has released a macro view video featuring Steen Jakobsen, Chief Economist, analysing the situation for the Eurozone in light of heads rolling in the hot political seats of troubled nations, namely Greece and Italy. It goes without saying that despite the impending appointment of new heads of state the burdens in these nations are so heavy now that they can hardly be shrugged off.

Clean-up in both countries is a major task. While Greece is in the bailout phase and is undergoing a leadership change, the main focus is on Italy now which still has a chance to save itself. And it must as there is hardly a hand large enough to help the Eurozone’s third-largest economy. With the situation worsening by the hour though and the markets having clearly demonstrated a looming doomsday, with perilously high bond yield spreads, prompt action must be taken.

The problem in Italy is one of liquidity not solvency, unlike Greece, though it seems the difference hardly matters now in the eyes of investors. It is interesting to note that it only took Portugal, Greece and Ireland 14 days to ask the International Monetary Fund for help after their 10-year bond yield spread to German bunds passed 6.5 per cent, said Steen. Italy’s has been above 7 per cent for a few days now. So the pressure is definitely on Italy’s politicians in charge – whoever they might be – to activate reforms, move through austerity and create a credible plan. Until then the EURUSD is expected to remain under considerable pressure.

The full video, as well as other forex videos, can be found at video.saxobank.com.

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Friedman Global Announces James Cross Joins Research Team

Friedman Global, a leading supplier of financial services has recently announced that James Cross has joined the company’s research team. With more than a decade’s worth of experience, he will be very critical to the growth of the business as well as the continuous rise of the company.

“Friedman Global has increased revenues for the past couple of years and improvement of the organizational foundation is a testament to that rate of growth,” said Michael Stone, COO of Friedman Global. “James Cross’s passion and knowledge makes him an invaluable member of the Friedman Global team.”

James Cross will be assigned to making analysis and forecasts on trends of the economy, other than observing developments that will in turn affect the economy as well as the investors. Besides giving critical information to Friedman Global’s clients, Cross will be monitoring all the products of the company.

“One of the most important things to note as of recent is that analysis of the market has now become very important for investors,” said Mr. Cross. “There are no words to describe my excitement in joining a firm that has a global reach and a commanding presence in the industry.”

Friedman Global has hundreds of customers that are being serviced for more than millions upon millions of requests for information on an annual basis. James Cross will be joining the company in the best time possible as Friedman Global has shown a record-setting development and growth due to its new product lines. Before becoming a member of Friedman Global, James Cross was an economist. He started his career at an early age and spent more than a decade in one of the most prestigious brokerage companies in the US.

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Friedman Global Launches Commodities Index Desk

Friedman Global today launched its commodities index desk which will be working with its technologically-advanced hybrid model. Michael Stone, COO of Friedman Global and an expert on the credit subsidiaries and launching markets, is supervising the launch as well as the performance of the index desk.

Friedman Global, which has been a leading force in the commodities industry gained over hundreds of clients that is focused on credit default swaps brokering, positioning itself as one of the leading companies in the industry.

Andrew Lee, Head of Reasearch of Friedman Global states “Friedma Global is already one of the leading indication brokers in Hong Kong. The company has a proven record and we are very certain our detailed compendium experience can fill a need that our customers require.”

Michael Stone, adds, “We carefully put a watchful eye on the commodities markets and industries so we know how we can make our mark. By doing so, we can assure our clients of the quality of work we are doing and that Friedman Global is a cut above the rest.”

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Saxo Bank Releases New Asian Focus Video

Saxo Bank has released new Asian Focus video featuring Andrew Robinson, correspondent for Saxo Capital Markets, analysing the effect of the Bank of Japan’s latest yen intervention and the sustainability of further actions before year end. He also commented on the Reserve Bank of Australia’s decision to cut rates, the first flow of PMI data in Asia and the noise surrounding the Chinese leader’s visit to Europe this week.

Japan’s Finance Minister Jun Azumi put his money where his mouth was with unilateral intervention to weaken the yen. This is the third intervention this year with estimates suggesting it is the largest one of the three. So far it has had the intended effect with the USDJPY holding at around the 78.0 level. History however shows that it could be a longer term struggle to keep it there as after the previous two interventions this year it took only about five days for the rate to drop back to pre-intervention levels. Concerning other action it is unlikely the Bank of Japan will instigate other measures like a trading floor for the pair, similar to the Swiss National Bank’s action, Andrew said.

The timing of the intervention ahead of the Group of 20 leaders initially took the market by surprise but in hindsight as Finance Minister Azumi had in recent weeks spoken almost daily about the problem of the strong yen it was ultimately only a matter of time before the Bank of Japan took action.

Meanwhile the Reserve Bank of Australia cut the official interest rate by 25 basis points for the first time since April 2009. Whether this is the beginning of a whole series of cuts or just a one-of is another story though and will depend largely on the development of the local economy and the degree of uncertainty globally. How effective the passing on of the cut by commercial banks to consumers will be on their spending behaviour will also remain to be seen.

Monthly Purchasing Managers Index data in the Asian region paints a mixed picture about the health of the manufacturing sectors with most attention on China and somewhat different stories being told by the official Chinese data and private sector equivalent report.

China is also drawing attention from its leader Hu Jintao’s visit to Europe during the lead up to the G-20 summit. Expectations are increasing that China will commit to supporting the European Financial Stability Facility but any announcement is hardly likely to occur before the G-20 meeting.

Further information and additional forex videos can be found at videos.saxobank.com.

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Saxo Bank Releases New Video Commenting On Eurozone Meetings And Greek Referendum

Saxo Bank has released a new macro view video featuring Steen Jakobsen, Chief Economist, Saxo Bank, taking a look at the expectations for three key meetings this week: the Federal Open Market Committee, the European Central Bank and the Group of 20 leaders. He also addresses the implications of Greece’s surprise referendum on its aid package and austerity programme.

Jakobsen commented that the G-20 meeting (November 3-4) needs to deliver actions rather than more supportive talk for the troubled Eurozone. Focus will be on the announcement of concrete financial measures of commitment via the International Monetary Fund in order to appease the prevailing uncertainty.

This uncertainty was exacerbated by Greece’s call for a referendum on its new aid package and austerity measures, thereby possibly threatening European leaders’ attempts last week to secure the Eurozone’s future.

Prior to G-20 the Federal Open Market Committee meets. Despite a spate of moderately encouraging US data of late the committee is expected to merely confirm a supportive wait and see approach and possibly only allude to a third round of Quantitative Easing.

The European Central Bank meeting, also this week, which is the first to be chaired by the new President Mario Draghi will be interesting to watch to see if he already now cuts rates and thereby reverses the apparent error of his predecessor.

Jakobsen commented that being Italian and with much focus on his troubled homeland, there is an expectation that Draghi will be even tougher on ensuring that Italy shapes up, particularly considering a disappointing bond auction last week which indicates the increasing problem Italy has in financing its debt.

The full video, as well as other forex videos, can be found at video.saxobank.com.

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Business Monitor International Highlights The Risks Of Turkey’s Tough Stance Towards Israel

Business Monitor International (BMI) has released the latest special report, “Turkey: A Decisive Break from the West?” analysing Turkey’s profound transformation as it adopts an increasingly assertive role in the Middle East and Eastern Mediterranean.

With Turkey’s position as one the world’s most strategically important countries and a major emerging economy, its evolving political dynamics are of global importance. A shift in Turkey’s foreign policy and a move towards authoritarian rule is strainings its relationship with Israel and could, potentially, damage those with its NATO allies at a time when the attraction of EU membership – a cornerstone of government policy for close to a decade – is clearly waning. According to BMI, Turkey’s tough stance towards Israel is clearly aimed at winning support from Arab countries as the country’s leadership looks to establish its position as a key player in the Middle East. Although Turkey is unlikely to leave NATO, it will increasingly be viewed as an unreliable ally in European capitals.

On a global basis BMI recognises Turkey as best-positioned among the non-BRICemerging market economies to become a major power over the coming years, thanks to its large economy, population, and military, growing ties with the Middle East and Russia, and its critical strategic location between continents. The report analyses potential strategic partnerships of the future if Turkey was to move away from its traditional Western allies and compete more directly with Iran and Egypt.

Moreover, “Turkey: A Decisive Break From The West?” assesses the impact of a new foreign policy on already strained relationship with the European Union and the probability of Turkey’s potential EU accession in context of Ankara’s attempts to nurture greater political and economic influence in the Middle East and irreconcilable relationship with Cyprus.

BMI’s portfolio of products provides comprehensive analysis across Turkey’s industries and enables global investors, emerging market strategists and decision-makers across the corporate spectrum to assess and evaluate global political and economic risks and aid strategic planning activities over the short, medium and long term.

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Saxo Bank Reveals Leaders And Laggards Of The Q3 Earnings Season

Saxo Bank has released a new video examining the leaders and laggards of the Q3 earnings season.

With more than 20 percent of the benchmark S&P 500 companies having reported their results, the new video with Peter Garnry, Equity Strategist at Saxo Bank, not only looks at the leaders and laggards of the season but also what common threads, if any, there are across sectors.

The new equity video particularly focuses on the far reaching consequences of the Eurozone crisis on banking and financial entities plus the apparent invincibility (at least for now) of companies in the energy and technology sectors to the slowing economic growth of several key economies around the globe.

Peter Garny said: “We have said several times that we’re in favour of technology and energy stocks and this earnings season so far has proven that those two sectors are the fastest growing in terms of sales and profits.

“Going forward, we’re still positive on energy and technology stocks and relying on those two sectors due to their flexibility in terms of their operating model; they generate a lot of free cash flow and they have a very flexible balance sheet because they have a very low debt-to-equity ratio and the prices are very favourable.”

In the video he also looks at the biggest earnings surprise so far from Caterpillar, which is benefitting largely from a mining boom driven primarily by China’s demand for industrial metals and other mined materials used in manufacturing.

Peter likens the overall lack of expression and visibility concerning 2012 earnings outlooks as akin to radio silence with very few companies daring to speak up, and some actually even avoiding guidance on the fourth quarter despite relatively reliable revenues.

“Most of the companies are unable to give investors any guidance on where they see even the fourth quarter going. A lot of the companies are reporting very close to zero visibility on how their sales are coming in and we saw that Pepsi Co. couldn’t even say anything about 2012; they deferred and said they would give guidance on 2012 in mid-December. That’s a consumer stable company – they have pretty stable sales so that says a lot about the environment we live in now.”

Peter concluded by saying the industrial sector will be one to watch over the next quarter, as well as re-affirming the strength of the energy and technology sectors.

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Business Monitor International Analyses Russia’s Record-Breaking Year Of Oil Production

Business Monitor International (BMI) has published its latest Russia Oil & Gas Report, which highlights the record-breaking year of oil production. Following a post-Soviet oil output high of 10.3mn barrels per day (b/d) in September 2011, Russia maintained its position ahead of Saudi Arabia as the world’s largest oil producer. Although oil production has risen rapidly in recent years, BMI evaluates whether Russia will be able to surpass the 11mn b/d mark any time soon.

According to BMI, Russia will remain the world’s largest gas exporter for the foreseeable future, but an increasing share of production will have to come from outside the country’s traditional gas heartland of West Siberia, with output from new fields offsetting declining volumes from existing areas.

The report provides key forecasts and in-depth analysis of the Russia oil and gas market including major indicators for oil, gas and LNG, covering reserves, production, consumption, refining capacity, prices, export volumes and values. The report includes full analysis of industry trends, prospects and projects, oil and gas infrastructure and changes in the regulatory environment. It also features a competitive landscape of the oil and gas sector focusing on key national and multinational companies in Russia.

Although Russia will continue to dominate oil supply in the region, backed by huge and under-exploited reserves, BMI expects Caspian states to increase their contribution significantly. The acceleration of new production capacity offshore Azerbaijan and, especially, Kazakhstan will cement the region’s importance to efforts to expand global oil output to meet rising demand from Emerging States.

BMI’s portfolio of products and services provides comprehensive analysis of the global oil and gas industry and enables industry professionals, strategists, sector analysts and investors to identify key market opportunities and avoid market risks wherever they operate.

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Business Monitor International Warns Of China’s Economic Slowdown

Business Monitor International (BMI) has released the latest special report, “China 2012: From Miracle To Meltdown” outlining a case for a severe growth collapse in China driven by declining money supply growth rate, accelerating inflation and external slowdown with a threat of a double dip recession in the US.

According to BMI, the bearish outlook for China’s economy is more credible now than at any point in recent history. With China’s housing market exhibiting characteristics typically seen at the end of a bubble, a steep drop in house prices as developers offload inventory would pose a risk of a cash crunch to businesses operating in China, especially property developers and small and medium enterprises (SMEs). As the repayment capacity of loans given to local government investment vehicles increasingly comes under threat, BMI also expects a pronounced correction in investment spending and instability in China’s banking sector.

From banking sector exposure and weak fiscal and monetary position, the report also focuses on China’s consumer market and its ability to shoulder the burden of growth should Chinese export growth fall due to a weakening US dollar and lower import demand from the US and Europe.

Moreover “China 2012: From Miracle to Meltdown” assesses the impact of a Chinese hard landing on the regional economy. While no country would be immune from a Chinese hard landing, BMI argues that Australia is most precariously positioned to suffer the consequences of this severe economic slowdown. A Chinese hard landing would push the Australian economy over the edge, likely ushering in a recession and potentially triggering a financial crisis.

Given the importance of China to the global economy, the report enables global investors, strategists and decision-makers across the corporate spectrum to identify business growth opportunities, avoid market risks and aid strategic planning activities over the short, medium and long term.

Via EPR Network
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Saxo Bank Continues International Expansion With New Office In Moscow

Saxo Bank, the online trading and investment specialist today announced the opening of a new representative office in Moscow in order to respond to growing demand by Russia’s sophisticated investor base.

The opening of the Moscow office is a strategic move by online trading specialist to strengthen and expand its position as a leading provider of online trading and investment solutions. The office will act as a broker boutique offering Russian investors a broad list of exchanges and instruments available through Saxo Bank’s award winning trading platform.

There have been promising developments in Russia this year, with retail sales growth accelerating in August reaching 7.8% year on year (y/y). Unemployment declined whilst real wage growth picked up to 3.9% y/y which has filtered through to every segment from discount to luxury. Consumers’ increasing maturity and sophistication has increased the HNW sector of the market and thus stimulated their risk appetite and desire for better returns, which fits Saxo Bank’s investor profile.

The Moscow office will be headed by newly appointed COO Igor Dombrovan, who said: “Sustainable success is driven by customer focus, and the new representative office will enable us to have greater access to clients in Russia. The Russian retail market has demonstrated solid growth rates over the last several years, making the sector one of the most actively developing markets in the economy. This has been fuelled by growth in the overall economy, growing consumption and an increasingly organised marketplace. The new office will enable us to further support and educate this growing market with its highly sophisticated investor base.”

Kim Fournais and Lars Seier Christensen, co-founders and CEOs of Saxo Bank, said in a joint statement: “While opening an office in Moscow is a strategic decision to support our European expansion and growth strategy, it has always been a priority for Saxo Bank. Russia has always been a good market for Saxo Bank because Russian clients are highly sophisticated investors. The new office will enable us to provide a more comprehensive on-the-ground service to clients and potential clients in the region.”

Via EPR Network
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ForexTrading.net Releases New Videographic on the Forex Market

ForexTrading.net, a new online forex magazine is aiming to keep users updated with all the latest happenings in the world of forex trading, through a videographic that has been published on the site.

The new videographic will give users of the site an overview of the forex trading market, and can even be embedded into users’ personal websites or blogs where it can be shared with other interested internet users.

Recent years have seen a number of changes in the forex trading market; not only has the number of people who trade in this manner shot up, but the way in which trading occurs is constantly evolving as well. For instance, in 2010 alone, cross-border trading transactions constituted 65% of trading activity. This implies the power of technology and its effects on the forex market.There has also been a rapidly growing disparity in algorithmic trading versus manual trading. In 2004, algorithmic trading only ranked at 2% of all trades, however in 2010 it comprised 45% of the trading share. Similarly the global foreign exchange market turnover was 20% higher in April 2010 than in 2007, with average daily turnover of 4 trillion USD compared to 3.3 trillion USD. As such, it’s very important for forex traders and internet users who follow the market to keep updated, and ForexTrading.net videographics will allow users to learn about forex in a manner that’s informative yet fun, and share their findings as well.

Nanna Arnadottir, editor at ForexTrading.net said: “The forex trading industry has some great news and commentary sites, but it can be a bit starved of interesting blogs with real quality content. That’s what we’re aiming for with ForexTrading.net, that and a bit of personality, which I think the videographic really provides.

It’s a fun way to take in a lot of facts and you can share it or post it on your own blog, so everyone is a winner.”

Via EPR Network
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TradingFloor.com Releases New Video Commenting On Eurozone Crisis

TradingFloor.com has released a new video featuring Steen Jakobsen, chief economist at Saxo Bank, warning that solutions to the Eurozone debt problems need to be found before the Cannes G-20 Summit in November.

The new video highlights the sense of urgency for a solution to Eurozone problems, which has increased with market reaction clearly indicating intolerance with the current pace of progress, especially of late concerning the ratification of the 21 July changes to the European Financial Stability Facility and a solution for Greece.

Jakobsen mentions that there are some significant steps to take these days like key Eurozone member votes on EFSF ratification. Despite previously strong opposition to further rescue measures for troubled Eurozone members, anything but ratification is unlikely, says Steen. The Slovenian and German parliament has already given its thumbs up with Finland and Austria expected to follow suit by the end of the week. Though once approved by all member states this supposed knight in shining armour will not be able to ride easily to the rescue of failing nations. Unanimous (not majority) votes are required for decisions – like expansions of the facility – to be passed.

Meanwhile, talk about the concept of a European Investment Bank leveraging on the EFSF to ring-fence European banks from any fallout from the EU debt crisis, is hardly seen as a band aid but rather a ploy which will hardly solve anything, according to Steen.

Steen likens Greece’s attempts at new austerity packages as an attempt to save the troubled nation at the goal line. With 99 per cent probability of default then talk of saving Greece is actually quite comical, he says. Meanwhile, austerity fatigue is apparent as evidenced by more strikes across Athens. Ultimately Greece needs debt forgiveness and a clean slate but a free-ticket to safety would hardly go down well with other troubled Eurozone nations. Nevertheless, Greece has become kind of a scapegoat due to increased talk of contagion (which is not an economic concept but rather a policymakers’ excuse for not doing what needs to be done domestically). Contagion or not, it doesn’t change the fact that there is no way out for Greece other than default, concluded Steen.

Via EPR Network
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