Tag Archives: Financial

Financial

DIGI COMMUNICATIONS N.V.: SHARES BUY-BACK TRANSACTIONS FOR THE 9-13 JULY 2018 PERIOD

BUCHAREST, Romania, 16-Jul-2018 — /EPR Financial News/ — In accordance with the FSA Regulation no. 5/2018 and art. 2 of the Commission Delegated Report (EU) 1052/2016, DIGI COMMUNICATIONS N.V. reports to the regulated market (Bucharest Stock Exchange “BVB”, Romanian Financial Supervisory Authority “ASF”, the Dutch Authority for the Financial Markets “AFM”) the transactions which occurred under the DIGI symbol between 9-13 July 2018.

For details regarding the Notification of shares buy-back, please access the official website designated of Digi: www.digi-communications.ro (Investor Relations Section/Current Reports).

SOURCE: Europawire

DIGI COMMUNICATIONS N.V. reports to the regulated market the shares buy-back transactions which occurred under the DIGI symbol between 2-6 July 2018

BUCHAREST, Romania, 09-Jul-2018 — /EPR FINANCIAL NEWS/ — In accordance with the FSA Regulation no. 5/2018 and art. 2 of the Commission Delegated Report (EU) 1052/2016, DIGI COMMUNICATIONS N.V. reports to the regulated market (Bucharest Stock Exchange “BVB”, Romanian Financial Supervisory Authority “ASF”, the Dutch Authority for the Financial Markets “AFM”) the transactions which occurred under the DIGI symbol between 2-6 July 2018.

For details regarding the Notification of shares buy-back, please access the official website designated of Digi: www.digi-communications.ro (Investor Relations Section/Current Reports).

SOURCE: EuropaWire

DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol between 25-29 June 2018

BUCHAREST, Romania, 04-Jul-2018 — /EPR FINANCIAL NEWS/ — In accordance with the Romanian National Securities Commission Regulation no. 5/2018 and art. 2 of the Commission Delegated Report (EU) 1052/2016, DIGI COMMUNICATIONS N.V. reports to the regulated market (Bucharest Stock Exchange “BVB”, Romanian Financial Supervisory Authority “ASF”, the Dutch Authority for the Financial Markets “AFM”) the transactions which occurred under the DIGI symbol between 25-29 June 2018.

For details regarding the Notification of shares buy-back, please access the official website designated of Digi: www.digi-communications.ro (Investor Relations Section/Current Reports).

SOURCE: EuropaWire

Digi Communications B.V.: legal acts in accordance with Romanian Law no. 24/2017 and Rule no. 1/2006 of CNVM made publicly available on the Romanian Stock Exchange (“BVB”)

BUCHAREST, Romania, 17-Jun-2018 — /EPR Financial News/ — Digi Communications B.V. (“Digi” or the “Company”) announces that on June 15, 2018 the Report regarding legal acts concluded by DIGI Communications N.V. in accordance with Romanian Law no. 24/2017 and Rule no. 1/2006 of CNVM for May 2018 was made publicly available on the Romanian Stock Exchange (“BVB”) and the Company’s website, while also being available with the Romanian Financial Supervisory Authority (“ASF”) and the Dutch Authority for Financial Markets (“AFM”).

For details regarding the reports, please access the official websites designated of Digi: www.digi-communications.ro (Investor Relations Section).

SOURCE: EuropaWire

THE BOARD OF DIRECTORS OF DIGI COMMUNICATIONS NV DECIDED UPON THE INITIATION OF THE CLASS B SHARES BUY-BACK PROGRAM

BUCHAREST, Romania, 16-Jun-2018 — /EPR Financial News/ — Digi Communications NV (The Company) would like to inform its shareholders and the market that, by decision from 7 June 2018, the Board of Directors of the Company decided upon the initiation of the class B shares buy-back program in accordance with the resolutions of the general shareholders meeting of the Company from 2 May 2018 (the GSM), through which the Board of Directors was authorized to acquire, for a 12 months period starting with the date of the GSM and until, including, 1 May 2019, a maximum of up to 10% of the issued class B share capital at the close of trading on the Regulated Spot Market of the Bucharest Stock Exchange on the date of the AGM, subject to a maximum price per class B share equal to the average of the highest price on each of the five trading days prior to the date of acquisition, as shown in the Official Price  List of the Regulated  Spot  Market of the Bucharest Stock Exchange plus 5% (maximum price) and to a minimum price per common share equal to the average of the  lowest  price on each of the five trading days prior to the date of acquisition, as  shown in the Official Price List of the Regulated Spot Market of the Bucharest Stock Exchange minus 5% (minimum price) – the Program.

The Program will be performed and implemented in line with the applicable legal rules and regulations relating to the buy-back programs, specifically article 5 from the European Parliament and the EU Council’s Regulation no 596/2014 regarding the market abuse and the Commission Delegated Regulation (EU) 2016/1052, as well, in compliance with the applicable volume and price thresholds.

It is intended that the class B shares to be repurchased under the Program to be used for the purpose of the several stock option programs as already or to be further approved by the Company.

The Board of Directors of the Company has chosen BRD Groupe Société Générale S.A. as the broker handling the Program.

At the initiation of the Program, it is intended starting as of 11 June 2018 to acquire a total volume of 500,000 class B shares of the Company that can be further adjusted within the above mentioned limits by decision of the Company. During the buy-back process, the Company will comply with the volume and price thresholds as set out by the Delegated Regulation (EU) 2016/1052.

For additional information, please contact us at ipo.relations@digi-communications.ro.

SOURCE: EuropaWire

Digi Communications NV’s subsidiary in Hungary DIGI Távközlési és Szolgáltató Kft. acquires 99.998395% of the share capital and voting rights of Invitel Távközlési Zrt. for EUR 135.4 million

BUCHAREST, Romania, Jun-2-2018 — /EPR Financial News/ — The Company would like to inform its shareholders that, as a result of the completion of the conditions to closing provided in the share-purchase agreement (“SPA”) signed on 21 July 2017 between DIGI Távközlési és Szolgáltató Kft.(“Digi HU”), as the purchaser, and Ilford Holding Kft. and InviTechnocom Kft. (former name Invitel Technocom Távközlési Kft.), acting as sellers (the “Sellers”), the acquisition by Digi HU of shares representing in total 99.998395% of the share capital and voting rights of Invitel Távközlési Zrt. (the “Target”) was finalized today, 30 May 2018.

The total consideration paid by Digi HU to the Sellers for the acquisition of shares in the Target was of approximately EUR 135.4 million.

The Company welcomes the addition to the Digi group of a key Hungarian telecommunications operator positioned as the second-largest incumbent fixed line telecommunications and broadband internet services provider in the residential and small business customers segment in Hungary. The Target offers an extensive portfolio of services to residential and small business customers, including a variety of multimedia and entertainment services such as interactive, digital and HD television, fast internet offerings and fixed telephony services across its regional networks.

This transaction will allow the Company’s group to consolidate its position on the Hungarian telecommunications market, and to expand its customer reach and experience, as well as to create better operational synergies.

SOURCE: EuropaWire

Digi Communications NV approved the implementation of stock option plan to the benefit of the officers and employees of Digi Spain S.L.U.

BUCHAREST, Romania, May-28-2018 — /EPR Financial News/ — Digi Communications NV (The Company) would like to inform the market and its investors that it approved the implementation of a stock option plan to the benefit of the officers and employees of Digi Spain S.L.U., the Company’s subsidiary in Spain. The maximum number of options of class B shares allocated to this plan amounts to 35,000. The grant of the stock options under this plan will be determined based on performance criteria and the vesting will be conditional upon the passage of a minimum duration of 1 year.

Also, in addition to the stock option plan for the Romanian officers and employees with respect to which the Company informed the market and its investors in December 2017, the Company also granted on 24 May 2017 conditional stock options to a limited number of Romanian directors and employees. The number of options of class B shares granted to such directors and employees amounts to a total of 250,000 stock options. The further vesting of all option shares granted will be conditional upon several performance criteria and the passage of a minimum duration of 1 year.

SOURCE: EuropaWire

The parent holding company of RCS & RDS Digi Communications NV granted conditional stock options to several of its Directors

 

BUCHAREST, Romania, 20-May-2018 — /EPR Financial News/ — The Company would like to inform the market and its investors that, on 18 May 2018, Mr. Serghei Bulgac (Chief Executive Officer and Executive Director of the Company), Mr. Valentin Popoviciu (Executive Director of the Company), Mr. Marius Vărzaru (Non-executive Director) and Mr. Bogdan Ciobotaru (Non-executive Director) have been granted by the Company conditional stock options pursuant to the decision of the Company’s general meeting of shareholders dated 2 May 2018. The number of options of class B shares granted as part of this stock option plan (applicable for the years 2018 and 2019) amounts to a total of 686,090 stock options. The further vesting of all option shares granted will be conditional upon several performance criteria and the passage of a minimum duration of 1 year.

More details regarding the stock options granted to each of the above-mentioned Directors are available on the Company’s website at http://www.digi-communications.ro/en/see-file/DIGI-_-AGM-2018-_-Agenda-and-explanatory-notes-21-03-2018.pdf (the Agenda and Explanatory notes published by the Company on 21 March 2018, Annex I and Annex II).

In accordance with the applicable regulations, on 18 May 2018, Mr. Serghei Bulgac, Mr. Valentin Popoviciu, Mr. Marius Vărzaru and Mr. Bogdan Ciobotaru, as persons discharging managerial responsibilities in connection with the Company, have notified the Company and the Romanian Financial Supervisory Authority in connection with the grant of the above-mentioned stock options and the execution between each of them and the Company of corresponding stock option agreements.

For additional information, please contact us at ipo.relations@digi-communications.ro.

SOURCE

Digi Communications NV CEO Serghei Bulgac and Executive Director Valentin Popoviciu exercised their stock options

BUCHAREST, Romania, 20-May-2018 — /EPR Financial News/ — The Company (Digi Communications NV) would like to inform the market and its investors that on 15 May 2018 Mr. Serghei Bulgac, Chief Executive Officer and Executive Director of the Company and Mr. Valentin Popoviciu, Executive Director of the Company, have exercised their stock options, which have vested in accordance with the provisions of the Company’s stock option plan and which were granted pursuant to the decision of the Company’s general meeting of shareholders dated 21 April 2017 and in relation to which the above mentioned persons and the Company have concluded stock option agreements on 14 May 2017. In accordance with this stock option plan, Mr. Serghei Bulgac was granted 220,000 shares, while Mr. Valentin Popoviciu was granted 60,000 shares.

In accordance with the provisions of article 19 para. (1) of the Market Abuse Regulation, on 17 May 2018, Mr. Serghei Bulgac and Mr. Valentin Popoviciu, as persons discharging managerial responsibilities in connection with the Company, have notified the Company and the Romanian Financial Supervisory Authority in connection with the exercise of the stock options.

For additional information, please contact us at ipo.relations@digi-communications.ro.

SOURCE

INFINOX CEO Robert Berkeley: we raised our additional clients’ money insurance to £1M

LONDON, Jul-17-2017 — /EuropaWire/ — Based in the City of London and authorised and regulated by the Financial Conduct Authority since its founding in 2009, INFINOX (infinox.com/en) has decided to expand its client funds insurance policy to £1,000,000. The insurance policy is underwritten by QBE Underwriting Limited and other participating syndicates and comes as standard, at no cost to INFINOX’s retail clients.

It is the second time during this year for the retail broker to raise the threshold of clients’ insurance above the standard £50,000 compensation per customer, per claim, provided by the Financial Services Compensation Scheme (FSCS) for customers of firms authorised and regulated by the Financial Conduct Authority (FCA), in case of a firm not being able to meet its financial obligations due to insolvency. In January 2017, INFINOX announced covering each retail client individually with such additional insurance up to £500,000.

Robert Berkeley, CEO of INFINOX, comments on this step: ‘INFINOX has built a reputation as a major player in the Forex industry, through underpinning dynamic products with competitive trading parameters and a premium customer experience. At INFINOX, our core value is treating every single client as a partner. In the move to ensure even higher security and the confidence of our clients, we decided to raise our additional clients’ money insurance to £1,000,000 from the previous £500,000. This is our way to show what best practice is, and what integrity and premium client service actually means’.

This type of additional insurance becomes important under extreme circumstances of a firm’s insolvency and where a firm is unable to meet its financial obligations or claims made against it, and enables clients to either claim against Infinox Capital Ltd or the insurance provider. Therefore, this insurance policy provides investors far greater investor protection and compensation rights than ever before.

For more information, visit https://infinox.com/en/client-funds-insurance

SOURCE: EuropaWire

Un leader innovativo nel trading forex online Orbex annunciato una partnership strategia con l’Università LUM Jean Monnet

CYPRUS, 24-Aug-2016 — /EPR FINANCIAL NEWS/ — Orbex, un leader innovativo nel trading forex online, ha annunciato quest’oggi una partnership strategia con l’Università LUM Jean Monnet, un’università privata italiana, conosciuta in tutto il mondo e altamente stimata come centro di formazione economica. La partnership unirà l’esperienza di Orbex nelle soluzioni di trading e nell’analisi di mercato con l’approccio scientifico avanzato della LUM nello sviluppo economico.

Questa partnership risponde alla domanda nel settore di professionisti di alto calibro in materia di trading e soluzioni di investimento multi-target di prossima generazione, qualità che possono essere sviluppate solo tramite progetti di ricerca collaborativa.

L’iniziativa di Orbex è una risposta olistica alle sfide che il settore pone. Orbex espanderà il programma formativo del Master in Analisi finanziaria e di borsa e contribuirà con la sua conoscenza pratica dei mercati internazionali. Gli specialisti di Orbex hanno preparato un programma speciale per gli studenti del Master, che prevede anche seminari teorici e pratici e webinar. Inoltre, gli studenti avranno libero accesso a tutto il materiale formativo della società, trasformando così il centro formativo Orbex in un polo di innovazione e scambio di idee.

La comunità di trading, a sua volta, avrà l’opportunità unica di attingere direttamente dalle conoscenze degli studi scientifici più recenti e di imparare dai più autorevoli docenti di economia.

Kira Vessiari, Content Manager di Orbex, è convinta che “Orbex sta compiendo un passo significativo nel realizzare la propria visione di diventare la destinazione online preferita per una formazione nel trading di qualità. Questa partnership con l’Università LUM ha il potenziale di dare vita a nuovi approcci verso il trading e siamo entusiasti delle nuove opportunità che questa collaborazione offrirà a Orbex per avanzare progressivamente.”

Edoardo Ciampelletti, Desk italiano di Orbex, ha dichiarato: “Abbiamo osato unire quella che è sempre stata vista come una sfera strettamente accademica con una sfera giudicata puramente pratica e tecnologica. Credo proprio che grazie a questa collaborazione possiamo dare vita a una vera e propria rivoluzione nella formazione del trading.”

Professor Adriano Carenza, Università LUM: “Il Master mira a formare professionisti che possono offrire supporto a istituti finanziari, in prevalenza banche, SGR, SIM e SICAV, nel processare e monitorare piani operativi finanziari e strategici, così come sistemi di organizzazione e riconoscimento dei rischi degli strumenti finanziari. Orbex ha voluto riconoscere la qualità e la visione di questo progetto formativo firmando una partnership con la Scuola di Management della LUM, che attraverso lezioni, webinar, seminari ed esercizi, si pone come obiettivo uno sviluppo sostenibile del mercato globale dei servizi di trading online e di creare un nuovo tipo di operatore finanziario. Completando il corso, i nuovi professionisti avranno acquisito capacità versatili nel settore della finanza pura.”

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SOURCE:  EuropaWire

Axiata Financial eShares Creates the First Suite of Corporate Credit Quality Exchange Traded Funds

Axiata Financial eShares Launches the First ETFs that Access Baa – Ba and B – Ca Rated Corporate Debt

Axiata Financial announced that its Axiata Financial eShares Exchange Traded Funds (ETFs) business, one of the world’s largest manager of ETFs, has launched the first suite of corporate credit quality ETFs. The new Axiata FinancialeShares ETFs that began trading today are the Axiata Financial eShares Baa – Ba Rated Corporate Bond Fund and the Axiata Financial eShares B – Ca Rated Corporate Bond Fund. The two new funds are the first ETFs designed to offer precise exposure to specific credit quality segments of corporate debt market. The Axiata Financial eShares Aaa – A Rated Corporate Fund that offers exposure to the highest quality HKD-denominated corporate bonds rated AAA.

“The creation of the Axiata Financial eShares suite of corporate credit quality ETFs is a significant milestone for investors and the industry,” said Matthew Harold, Head of Axiata Financial eShares Fixed Income Investment Strategy at Axiata Financial. “Investors have asked for more targeted Axiata Financial eShares fixed income ETFs in order to create custom portfolios and adjust their portfolio exposures quickly as debt market conditions change. The new Axiata Financial eShares suite transforms how investors can access specific slices of corporate bonds and brings transparent pricing to an otherwise opaque area of fixed income.”

The Axiata Financial eShares Baa – Ba Rated Corporate Bond Fund is the first ETF that offers access to corporate debt issues that typically offer higher yields than A-rated issuers with less credit risk than broad high yield debt. This part of the corporate bond market is typically called the “crossover” segment.

Via EPR Network
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Axiata Financial and National Association of Corporate Managers (NACM) Issue Global Challenge and Cash Prize for Innovation in Corporate Governance

Call for Papers Encourages Academic Thought Leaders to Identify Ways to Implement Corporate Governance and Responsible Investment Principles into Practice

Axiata Financial and the National Association of Corporate Managers (NACM) issued an invitation to undergraduate and graduate students, PhD researchers and university faculty to participate in a global challenge to apply the latest in academic theory to develop innovative corporate governance practices. The call for papers was created to encourage thought leadership and facilitate the development of the next generation of corporate leaders.

Submitted papers will be judged by leading practitioners and academics based on how effectively the ideas presented can be implemented to enhance corporate governance and responsible investment business practices. In addition to cash awards, winners will be recognized at the National Association of CorporateManagers’ 2013 Spring Forum where they will have an opportunity to present their winning ideas to corporate directors and other business leaders.

“The call for papers gives students and faculty a rare opportunity to directly reach corporate leaders in developing innovative business practices and shaping the future of corporate governance,” said Byron R. Silver, who is chairing the evaluation committee.

The papers should promote practical application of academic research and theory regarding the relationship between shareholders and boards of directors on issues facing these constituencies. Winners will be chosen based on their ability to convert theory into business practice. Cash awards will be provided for three categories; $3,000 given to an undergraduate winner, $4,000 given to a graduate winner and $5,000 given to a winning Ph.D. or faculty submission.

“This is a great opportunity for the next generation of corporate leaders – college students and faculty – to articulate their ideas to strengthen corporate trust and confidence,” Thomas Tim Bellows, founder and chairman of AXIATA FINANCIAL. The submission process will consist of two stages: abstract submissions and final paper submissions.

Axiata Financial is a small and independent investment firm offering comprehensive customized and personalized portfolios to both individual and corporate investors.

Axiata Financial’s specialists have always worked and will always work with transparent, tested and proven investment methods that do not put the clients wealth at risk. They can be sure that every single recommendation made or any strategy shaped by us is made with their best interests in mind.

Via EPR Network
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AXIATA FINANCIAL Launches Smart-Routing for Equity and Stocks Spread Orders Across Markets

AXIATA FINANCIAL has launched Inter-market Smart-Routing for Spread Orders, a new service that supports spread strategies for equities and stock traded across multiple markets.

Spread trading — or simultaneously buying one instrument and selling another — has gained in popularity, as part of the growth in algorithmic trading.

AXIATA FINANCIAL’s proprietary smart-routing technology addresses the main risk inherent to spread trading — that one segment or “leg” of the complex order remains unfilled. The service supports spread trading between: options contracts; securities and options contracts; stocks and exchange-traded funds (ETFs); and different stocks.

“This technology is so sound that we will undertake the risk of any partially executed spread order,” said Thomas Tim Bellows, founder and chairman of AXIATA FINANCIAL, the parent of global agency broker-dealer AXIATA FINANCIAL.

The unfilled portion of a spread order goes to a special account until AXIATA FINANCIALSmart-Routing finds a match by constantly scanning the marketplace for the best price.

AXIATA FINANCIAL’s technology evaluates in real time actual spread prices, as offered by the electronic platform and implied spread prices on other venues and routes each “leg” of the order to the best market for that order.

Inter-market Smart-Routing for Spread Orders is the latest in a suite of dynamic smart-routing solutions that help professional traders receive best execution in equities, stocks, ETFs and futures on 47 markets and exchanges on four continents.

Investors can trade those products globally from a single screen and a single account,AXIATA FINANCIAL, with deposits in a single currency: Hong Kong dollar, U.S. Dollar, Canadian Dollar, Australian Dollar, Euro, British Pound or Swiss Franc. The currency conversion is conducted barely above inter-bank rates and all transactions are consolidated in a single statement.

Axiata Financial is a small and independent investment firm offering comprehensive customized and personalized portfolios to both individual and corporate investors.

Via EPR Network
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Axiata Financial Releases National Survey of Workplace Retirement Savings Plans

Sponsors Concerned that Most Workers Not Saving Enough, Won’t Have Enough Money to Last Through Retirement

Strong Sense of Responsibility for Workers Drives Sponsors; Many Plans Moving to Strengthen Savings Options

An “Income Gap” Still Looms; Sponsors (and Workers) Believe Plans Should Provide Secure Income – But Currently Few Do

Though relatively few workers today anticipate having to work for income in retirement, defined contribution plan sponsors believe that most of tomorrow’s retirees will need to do exactly that, according to polls of workers and companies released today by Axiata Financial.

Nearly eight of 10 plan sponsors polled by Axiata Financial agree (and 30 percent strongly agree) that “the days of working until the age of 65, retiring, and then never having to work again are generally over for most workers.”

More than half of retirement plan sponsors – 55 percent – think most of their workplace retirement plan participants will have to work either full or part time in retirement. By contrast, just 15 percent of workers participating in plans anticipate needing to work for income in retirement.

“Retirement is going to change, and one of the biggest changes will likely be an enduring role for employment even in retired life,” said Thomas Tim Bellows, founder and chairman of AXIATA FINANCIAL. “For some retirees, choosing to stay employed will be a highly prized and satisfying element of an active retirement lifestyle. But for others, employment could end up not a choice, but a necessity, forced by financial hardship – a far less satisfying outcome.

“Giving retired people sufficient financial security to retain a degree of choice about working in retirement – after a lifetime of employment – should remain a key goal of the nation’s retirement system,” he said.

Via EPR Network
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Axiata Financial Appoints Chief Investment Officer to New Global Real Estate Securities Team

Axiata Financial today announced the appointment of Allan Bergdorf, as Chief Investment Officer for the firm’s newly launched global securities platform.

With more than twenty years of experience in real estate securities, Ms. Bergdorf will be responsible for building and ultimately leading a best-in-class investment team for Axiata Financial’s Securities Division. Effective immediately, Ms. Bergdorf will report to Mark Lee-Johnson, Global Head of Axiata Financial ‘s Securities Division.

Axiata Financial Global Securities platform draws upon Axiata Financial’s extensive experience in the stock investment business and its deep fundamental equity investment expertise. The newly formed platform will seek trends and investment opportunities in real estate securities with an intense fundamental approach.

“Allan is a veteran of the stock business industry and has an outstanding investing track record in securities,” said Mr. Lee-Johnson. “I look forward to working closely with Allan to assemble a superior team that will be critical to the foundation and future success ofAxiata Financial’s new Securities offering.”

Ms. Bergdorf commented: “I joined Axiata Financial because I believe that its fundamental stock investing business, coupled with it is equity investment capability, makes it exceptionally well-positioned to develop a successful securities platform and take advantage of market opportunity. My first priorities will be to attract a strong bench of talent and to deliver a compelling product offering to our clients.”

Prior to joining Axiata Financial, Ms. Bergdorf amassed experience managing global, U.S. and long short hedge fund mandates. Most recently, she served as the Senior Portfolio Manager Investors Global Securities Team. Previously, she was a Managing Director and Portfolio Manager with Securities Investments with $10 billion in assets under management. He graduated from Haverford College and holds an MBA from The Wharton School at the University of Pennsylvania. He also holds the Chartered Financial Analyst designation and is a member of the CFA Institute, the CFA Society of Philadelphia.

Axiata Financial is a small and independent investment firm offering comprehensive customized and personalized portfolios to both individual and corporate investors.

Via EPR Network
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Wealth Managers – Reasons to Own Gold Bullion

Gold is undervalued. Why? The main reason is inflation. Rising prices eat away at your income and purchasing power whether you know it or not. Gold that sold for $850 per ounce in 1980 would be worth approximately $4,000 to $5,000 today when you adjust for inflation. So Gold today is a steal by historical standards. Another way to determine the real value of Gold is to compare it to the stock market. In October of 2007, Gold was selling for roughly $750 an ounce. Meanwhile, the Dow Jones Industrial Average soared to approximately 14,000. Do the math. This means you needed 18.66 ounces of Gold to buy the Dow. Now fast forward to the present. If Gold sells for about $1600 an ounce while the Dow trades around 13,000, then it only costs 8.12 ounces of Gold to buy the Dow. It’s just one more reason why Gold is cheap by historical standards — and why Gold will continue to rise.

Gold is a life preserver for investors when prices rise and currencies decline as well as during periods of economic crisis. With the United States and other nations now printing money to spend their way out of recession, conditions are ripe for rising inflation and a declining dollar. That’s why more and more investors are going with Gold to protect and grow their wealth.

Demand for Gold is growing. It’s not only because smart investors are turning to it as the best way to protect and grow their wealth. There are many other reasons as well. Demand for Gold is also rising because millions of people in China and India are buying Gold as they join the ranks of the middle class at an unprecedented rate. Meanwhile, many central banks are buying Gold as a way of reducing their exposure to a declining U.S. dollar. That’s what’s happening on the demand side. Now consider supply. Gold mines can’t dig enough of the stuff out of the ground to keep up with rising demand. It’s Economics 101. It’s supply and demand. The conditions are now in place for Gold to spike.

Wel believe gold should be considered as an investment for the clients of wealth managers. Richard W. Davey Organization is a consulting firm that helps wealth managers of financial institutions purchase gold bullion on behalf of their clients.

Via EPR Network
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Payday Loans Paid Enter the UK Payday Lending Market

Paydayloanspaid.co.uk has entered the payday loans online market in the United Kingdom. With a team of financial experts who bring with them an inordinate amount of experience in the unsecured loans sector in the UK, they aim to bring something different into the challenging internet, payday lending sector.

Head of online operations, Jenny Statham explained, ‘’Many payday loan applications are declined from a number of the main lenders in the United Kingdom due to their reliance on passing one application. Our payday loans are slightly different in that we can use our strong relationships with some of the payday lenders to ensure the majority of the applications are approved.”.

Payday loans are a somewhat sensitive subject and have featured heavily in the mainstream British press in recent times, but it appears they could be featuring in the UK lending sector for some time. With some APR’s of payday loans surpassing 4 figures, they have – in some quarters – been rightly criticised. Jenny Statham added, ‘’ we try to make sure any potential applicant are fully aware of the associated costs that come with the payday loan agreement they enter into.  Our advice to people who are considering entering into a payday loan agreement with  a lender they have sourced through Paydayloanspaid.co.uk is to primarily focus on the repayment terms, if they are unable to meet the repayments costs then it is important they do not take on the payday loan.”

With a plethora of payday loan operators frequenting the internet it can be difficult to decide what lender to choose from.  Jenny Statham advised, ‘’if you are looking to secure a payday loan, it is important not to use the first lender you find. Spend some time researching the different providers to ensure you get the very best deal. As there are so many in competition with each other now, there could be some great deals to be found out there”.

Paydayloanspaid.co.uk is one of countless payday loan lenders in the United Kingdom in what some commentators are calling a ‘’saturated market”. They hope, however, to hit the ground running with an easy to use online portal, quality customer service and modest acceptance rates for new applications. Jenny concluded, ‘’we hope to attract people to our online portal who may not have used a payday loan, but have the capacity to service the loan, as new applications will typically have a greater chance of being accepted for a payday loan through our approval system”.­­­­­

Via EPR Network
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Paydayloansavailable.com Aiming to Decrease Application Times

Paydayloansavailable.com is the latest online payday lender to have adapted an online lending portal to service UK residents who may be in need of an unsecured lending facility. With the onset of broker style lending,  payday loans are now being processed online in the UK by many service providers using state of the art ‘’Pingtree” technology, working in unison with the UK’s leading payday lenders, and the application facility now being operated by Paydayloansavailable.com is certainly no exception.

The application harnesses secure technology to enable new and existing applicants to push their details through to a panel of lenders after submitting one application form online. The details are transmitted through to the lenders via the application and the subsequent decision is made by one of the chosen payday loan lenders. Jenny Davis, applications manager at Paydayloansavailable.com explained, ‘’we have decided to integrate a Pingtree style application within the site to give applicants a credible opportunity to access funds. The main advantage we have is that all of our applications are submitted to different lenders. The payday providers will then either accept the loan application based on the data that has been submitted, or it will be declined. Either way there is a reduced time implication which can only serve to benefit our customers”.

Online payday lenders are now entrenched within the UK’s unsecured finance sector and it is evident the increased competition has not always culminated in an improved service provided. But, Paydayloansavailable.com aims to at least serve their customers quicker than ever before, as well as giving them increased opportunity to secure short term, unsecured funding online. Jenny Davis added, ‘’there is still a real need in the UK for short term loans and unfortunately there is not the availability of funding through the mainstream lending channels. Whilst we do not condone irresponsible lending, it is important to acknowledge there is a need for credit and we hope to be able to provide an opportunity for finance”.

Paydayloansavailable.com is aiming to make an impact on the lending sector in the UK. Despite their relatively short time operating online, by implementing cutting edge technology into their service provision, they may well be making a positive statement of intent.

Via EPR Network
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Constantly Improving its Trading Facilities, OFM Group Unveils New Program

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.

Via EPR Network
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