Posts Tagged ‘Since’

Trade Technologies Completes 40,000th Original Online Letter of Credit Presentation Since 2003

Austin, Texas (PRWEB) August 23, 2011

Trade Technologies, the global leader for international trade document solutions, announced today the successful completion of its 40,000th fully electronic presentation of original letter of credit documents to major trade banks. Each of these 40,000 presentations contained originals and copies of all required documents, including all types of original third-party ?e-transport documents,? such as carrier bills of lading, house bills of lading, forwarder cargo receipts and air waybills. Trade Technologies? presentations are fully compliant with the established rules of the UCP 600 and have been honored for payment by hundreds of issuing banks around the world. In total, Trade Technologies has successfully completed over 115,000 international trade transactions with a total value of over $ 30 billion since 2003.

Over the last 9 years, Trade Technologies? patented technology and process has dramatically changed the letter of credit world by automating the creation of all required documents directly from SWIFT advised letters of credit and enabling secure electronic presentations of original UCP 600 documents to major trade banks for payment. This far more efficient process allows exporters to streamline their operations, eliminate discrepancies, save money and accelerate payments. Trade Technologies? flexible architecture and service offerings allow it to complete transactions under the established UCP 600 requirements and also the less proven e-UCP.

?Since our founding, Trade Technologies has been the leader in applying automation to letter of credit and other complex international trade transactions globally. We are singularly focused on helping our exporter customers grow their international business by reducing payment time and risk,? said Kirk Lundburg, CEO of Trade Technologies. ?In 2010 alone, our software and services have helped over 1000 exporters receive payments 15 to 30 days faster on over $ 9 billion of exports.”

Earlier this year, Trade Technologies was awarded the Presidential “E” Award for Exports by the U.S. Department of Commerce. The “E” Awards are the highest recognition any U.S. entity may receive for making a significant contribution to the expansion of U.S. exports.

?Bank of America Merrill Lynch has worked with Trade Technologies since 2003 to receive online presentations of original letter of credit documents in our examination offices around the world,? said Paul Johnson, Director, Global Trade and Supply Chain Product Management, for Bank of America Merrill Lynch. ?Trade Technologies services and technology automate and accelerate payment on billions of dollars of export transactions to our clients each year.?

Trade Technologies was founded in 1999. Over 1000 exporters, global trade banks and freight forwarders rely on Trade Technologies’ software and outsourced services to process over $ 9 billion dollars of international trade transactions each year. Trade Technologies has offices in Atlanta, Austin, Boston, Chicago, Hong Kong, Houston, Istanbul, London, Los Angeles, New York and San Francisco.

About Trade Technologies

Trade Technologies is the largest global provider of outsourced trade document services and software. From its offices in Asia, Europe and the United States, Trade Technologies provides leading exporters, freight forwarders and international trade banks with international trade document solutions, training and consulting. Our solutions seamlessly connect our international trade documentation professionals around the world with exporters, freight forwarders and international trade banks to eliminate the difficulties, unnecessary expenses and delays traditionally involved in international letter of credit, documentary collections and open account transactions. See our website at http://www.tradetechnologies.com.

###

European shares make highest close since April

European shares make highest close since April
LONDON, Sept 8 (Reuters) – European shares rose on Wednesday, with a key index making its highest close in four months, boosted by technology stocks as ARM Holdings jumped on rehashed bid talks, while miners also gained.

Read more on Reuters via Yahoo! Asia News

Dollar Surges Amid Global Slowdown Concern; Yen Reaches Highest Since 1995

Dollar Surges Amid Global Slowdown Concern; Yen Reaches Highest Since 1995
The dollar surged the most in two months against the euro after the Federal Reserve yesterday said economic growth had slowed, fanning concerns that the global recovery won’t be sustained.

Read more on Bloomberg

Europe Grows at Fastest Pace Since 2006, Germany Leads

Europe Grows at Fastest Pace Since 2006, Germany Leads
Europes economy grew by more than forecast in the second quarter of 2010, driven by Germany expanding at the fastest rate in two decades. The European Unions statistic office in Luxembourg said that gross domestic product increased 1% from the first quarter, when it rose 0.2%, surpassing economist expectations of a 0.7% expansion. A reviving global economy helped the euro-area gather steam after …

Read more on Daily FX via Yahoo! Finance

Sensex advances by 103 points; highest level since 2008

Sensex advances by 103 points; highest level since 2008
The Bombay Stock Exchange benchmark Sensex on Wednesday advanced by 103 points to its highest level since February 5, 2008, led by IT majors Tata Consultancy Services and Infosys Technologies.

Read more on Calcutta News

Currencies: Dollar falls to lowest since April after home data

Currencies: Dollar falls to lowest since April after home data
The dollar drops to the lowest level since the end of April, giving up all the gains through the worst of the sovereign-debt crisis.

Read more on Market Watch

Why I’m a Day Trader Since 1987?

Day trading is the buying and selling of various financial instruments, like futures, options, foreign currencies and stocks, with the goal of making a profit from the difference between the buying and the selling price. Day trading also has different types of trade, such as trend trades, counter-trend trades, and ranging trades.

In this article, we will discuss what the popular markets for day trading are. You will also learn why day trading is not really an extremely risky investment.

Some of the most popular markets for day trading include the following:

1. Futures based on currencies

2. Futures based on stock indexes

3. Futures based on commodities (oil, gold, wheat)

4. Options on futures

5. Currencies (Euro to US Dollar, Euro to British Pound)

Let us examine why short term and long-term investment pose the same risk in terms of capital loss. We will consider a hypothetical scenario to explain the point.

Let’s assume you are a value investor and invested in a company A. On 25th July’07, company A is opened at $29 in the morning, and then plummets to $25 within a few hours due to a large class action lawsuit being filed against them. If the company A goes to bankrupt because of said lawsuit, share of company A will fall drastically. In this situation, all kinds of share market investors will loose their capital because the stock is worthless now.

Stock pick based company performance is very crucial for value investors but in case of day trading technical analysis and related signal is most important. Most traders follow Fibonacci series to predict stock movement.

Even in the above case, day trader might protect their capital well because they are normally very cautious and open to all kinds of market news and signals. Day traders mainly work based on market intelligence and their own daytrading rules.

If you want to be a good day trader, you need to be disciplined, quick to learn from various situations, ready to take advice from your day trading coach. Having correct and timely information is extremely important to take any financial decision.

Most day traders close their positions within the day i.e. they either sell or cover their short position. This is the major benefits of short term day trader is that the loss taken during one day is only for THAT day and it is not magnified over the next trading day. Day trading adds velocity to the money and smart investors always prefer to roll money in market so that they can pump in the money to a suitable opportunity.

Your own strategy is the biggest secret of all successful day traders. This is true whether you are investing in equity or currency market.

Instinet JapanCrossing Records Largest Volumes Since 2008

Instinet JapanCrossing Records Largest Volumes Since 2008
TOKYO—-Instinet, a global leader in electronic trading and agency-only brokerage services, today announced that June 2010 marked the largest average daily value of orders placed and average daily value traded on its JapanCrossing1 dark pool since May 2008, despite a 31 percent month-over-month decrease in average equity value traded on Japan’s national exchanges2.

Read more on Business Wire via Yahoo! Finance

U.S. Stocks Rise, S&P 500 Has First Three-Day Rally Since April

U.S. Stocks Rise, S&P 500 Has First Three-Day Rally Since April
U.S. stocks rose, with the Standard & Poor’s 500 Index capping its first three-day rally since April, as a drop in jobless claims and higher-than-forecast sales at some retailers bolstered confidence in the economy.

Read more on BusinessWeek

Mexico’s Peso Set for Biggest Weekly Drop Since May on U.S. Jobs Report

Mexico’s Peso Set for Biggest Weekly Drop Since May on U.S. Jobs Report
Mexico’s peso is headed to its biggest weekly drop since May as private hiring in the U.S., the nation’s largest trading partner, grew less than forecast.

Read more on Bloomberg