EURUSD Chart (Euro US Dollar Forex Chart) Binary Options Articles Courtesy of NADEX. by Andrew Hecht TFNN. com. Equities continue to attract capital like magnets. After all, three interest rate hikes from the U. S. Fed since December 2015 have only resulted in a Fed Funds rate of 1%. Dow at Record Highs How to Trade with Limited Risk. by Gail Mercer Founder of TradersHelpDesk. com. Many professionals are screaming not to enter the stock market as it’s at record highs and a reversal is anticipated in the near future Contrarian Binary Option Trades with the VIX under $10. by Tommy O'Brien TFNN.
Tommy O’Brien TFNN The VIX Index, sometime referred to as the fear index or the fear gauge, is a representation of expectation of market volatility in the near future. Pound Rises As UK Inflation Accelerates More Than Forecast. (RTTNews) - The British pound strengthened against other major currencies in the European session . Full Story>> Pound Rises Against Majors.
(RTTNews) - The British pound strengthened against other major currencies in the European session . Full Story>> euroforex The CFTC made a major move against unregistered forex brokers – they sued no less&hellip rex Crunch is a site all about the foreign exchange market, which consists of news, opinions, daily and weekly forex analysis, technical analysis, tutorials, basics of the forex market, forex software posts, insights about the forex industry and whatever is related to Forex. Foreign exchange (Forex) trading carries a high level of risk and may not be suitable for all investors. The risk grows as the leverage is higher. Investment objectives, risk appetite and the trader's level of experience should be carefully weighed before entering the Forex market.
There is always a possibility of losing some or all of your initial investment deposit, so you should not invest money which you cannot afford to lose. The high risk that is involved with currency trading must be known to you. Please ask for advice from an independent financial advisor before entering this market. Any comments made on Forex Crunch or on other sites that have received permission to republish the content originating on Forex Crunch reflect the opinions of the individual authors and do not necessarily represent the opinions of any of Forex Crunch's authorized authors. Forex Crunch has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author Omissions and errors may occur.
Any news, analysis, opinion, price quote or any other information contained on Forex Crunch and permitted re-published content should be taken as general market commentary. This is by no means investment advice. Forex Crunch will not accept liability for any damage, loss, including without limitation to, any profit or loss, which may either arise directly or indirectly from use of such information. FOREX-Dollar clings to most of its gains as risk sentiment improves.
* Dollar rises as Irma, N. Korea concerns ebb, Treasury yields rise. * Pulls away from 2-12-year low vs euro, 10-month low vs yen. * Pound gains vs euro ahead of Thursday&rsquos BoE policy meeting. By Lisa Twaronite and Shinichi Saoshiro. TOKYO, Sept 12 (Reuters) - The dollar held on to most of its gains on Tuesday, following a sharp rebound on improving investor risk sentiment as worries over North Korea and Hurricane Irma receded. The dollar index, which tracks the greenback against a basket of six major rivals, was steady at 91.874, after it skidded to a 2-12-year low of 91.011 on Friday. The euro was little changed at $1.1955 after shedding 0.7 percent overnight.
The common currency reached $1.2092 on Friday, its highest since January 2015, as the dollar suffered a broad retreat. Higher U. S. Treasury yields also bolstered the dollar, as the benchmark U. S. 10-year note yield rose to 2.135 percent from its close of 2.125 percent on Monday, and 2.061 percent on Friday. &ldquoSome people said the dollar&rsquos fall and recovery was not strange, since U. S. yields got so low,&rdquo said Masashi Murata, currency strategist for Brown Brothers Harriman in Tokyo. &ldquoBut the market is still sensitive to risk-off news, maybe from North Korea, or from disappointing U. S. economic data,&rdquo he said. &ldquoSo that&rsquos why the dollar is still struggling to find its way.
&rdquo The dollar was steady at 109.39 yen after rallying 1.4 percent on Monday, its biggest one-day surge since mid-January. It had slumped to a 10-month low of 107.320 yen on Friday, when Hurricane Irma threatened Florida and as financial markets braced for the possibility of another missile or nuclear test to mark North Korea&rsquos founding day on Sept. 9. The yen tends to benefit during times of economic and political uncertainty due to Japan&rsquos net creditor nation status. But Pyongyang&rsquos anniversary passed without further tests, and Irma lost strength and was downgraded to a tropical storm after battering Florida over the weekend. &ldquoReceding fear over Hurricane Irma and North Korea was a key factor behind the dollar&rsquos bounce. Market focus is likely to return to fundamentals, although there aren&rsquot many major events scheduled this week that could decide the direction for currencies,&rdquo said Shin Kadota, senior strategist at Barclays in Tokyo. Major U. S. allies in Asia welcomed on Tuesday the U. N. Security Council&rsquos unanimous vote to step up sanctions on North Korea, with its profitable textile exports now banned and fuel supplies to the reclusive North capped after its sixth nuclear test.
The Swiss franc, often sought in times of global risk aversion along with the yen, was flat at 0.9560 per dollar. The franc had rallied to a two-year high of 0.9421 on Friday. The pound edged up 0.1 percent to $1.3175 after losing 0.25 percent on Monday.
Sterling fared better against the euro, brushing a fresh one-month high of 90.83 pence, aided by speculation that the Bank of England may sound more hawkish on interest rates in defence of the currency at its policy meeting on Thursday. The Australian dollar was 0.2 percent lower at $0.8015 , extending its retreat from a two-year peak of $0.8125 scaled on Friday. The Chinese yuan pulled further away from Friday&rsquos 21-month high against the dollar of 6.5432, after China&rsquos central bank on Monday lifted measures put in place to support the yuan when it came under selling pressure. (Reporting by Shinichi Saoshiro Editing by Eric Meijer and Jacqueline Wong) EuroForex Forex Broker Review.
In 1996, EuroForex Development LLC, a company formed by a group of financiers, was founded. Since then, the company has been providing personalized forex trading brokerage services for its clientele. EuroForex utilizes a Meta Trader platform for its trades. Account holders with EuroForex need to make an initial investment of $300 to begin immediate trading.
Further, investors new to forex trading have the option of opening a Euroforex Mini Account, which offers the features of a regular account, on a smaller scale and with reduced risk. In order to avoid frauds and scams make sure that the broker you deal with is regulated in their country of operation. Our trusted forex broker section will assist you in finding a broker that suits your needs.
Enforex . “Enforex” , . . . . . . Discover more than 20 destinations. , . . , , Enforex . " , . . , . , . ! ! ! . . . . . 24 . 20 . . . Euroforex Exhibition To Highlight Product Improvements And Updates. FX Week staff 18 Sep 1995. The vendor exhibition at this week's Euroforex '95 in Amsterdam promises some interesting products among the 30 stands expected, although vendors will chiefly be showing improvements and updates to products rather than launching entirely new ones.
The exhibition will be located in lounges on two floors of the conference centre, adjacent to the auditorium where the working sessions will be held. The exhibition will be open all day Thursday, before the working sessions and during coffee breaks. Register for a FX Week trial to access this article. Sign up today and get access to 7 days access to news, analysis & features The FX Week magazine app Tailored email news alerts. How the Scammers Behind Virgin Gold Mining Corporation Bit Off More Than They Could Chew (III) In our first post in this series, we introduced a vast pyramid fraud, Virgin Gold Mining Corporation (VGMC), that ran from early 2010 to mid 2013. There were, at the very least, many thousands of duped investors in the Gulf and Asia, and reputedly, billions of dollars were scammed.
In May 2013, the followup scam, “plan A”, turned into a fiasco when the intended vehicle, Asia(n) Gold Mining Asset(s) Corporation (AGMAC), a fake BVI-registered investment fund, was denounced by the BVI regulator. In the second post in the series, we sketched the role of VG Resources and Nauer Corporate Service(s), “Plan B”. VG Resources was a supposed stock exchange vehicle, on GXG Markets, a small European exchange, for the (nonexistent) assets of VGMC. London-based Nauer Corporate Services, disguised as a “Know Your Client” service supporting the upcoming GXG listing, in fact merely compiled the name, address and contact details of any duped VGMC investors gullible or desperate enough to undertake the round trip from Asia in the hope of salvaging their long-gone VGMC investment. In London those investors were fleeced again, on a smaller scale, by Nauer’s “compliance” fees. One could make easy guesses at other goals of the Nauer charade to rope in any new marks who hadn’t managed to lose money in the original VGMC scam, and to provide a way for any VGMC investors who baulked at the London trip to rationalise the total loss of their investment in VGMC (“cooling the mark out”).
VG Resources announced the cancellation of its deal with VGMC in mid-June 2013, rendering the already dubious Nauer KYC exercise completely pointless. Nevertheless, for some reason, those investors just kept trooping across the globe to London, until around the end of 2013 perhaps, when Nauer’s web site vanished. From the previous post, here is my guess at why the investors kept coming …why are the investors still bothering with this London trip? After AGMAC (Plan A, which evaporated sometime after 27th May 2013) and VG Resources (Plan B, defunct after that 14th June 2013 GXG announcement), the remaining overseas investors, who troop in very expensively to Nauer, during the second half of 2013 or after, must now be trusting to some unannounced Plan C that will rescue their original investment in Virgin Gold Mining Corporation.
We are now in January 2014. All is quiet. My guess looks forlorn. This blogger, who by then, via the toxic name of London Capital(NZ), GXG broker to VG Resources, had half-glimpsed this burgeoning puzzle amid many other distractions from the same stable, remembers feeling like a cat keeping half an eye on a mouse hole, while wondering if it’s the right mouse hole.
A couple of months drag by patience, patience. Then, aha! It was indeed the right mouse hole, GXG Markets An Asia Pacific Gold Mining Investments Ltd (GXG APGM G4) shareholder is selling shares in the company to various individuals, who have offered to buy the APGM shares. The Directors have asked its GXG Markets Corporate Adviser (CA) to announce to the market the details of the sales when the share certificates are issued to the purchasers. It is anticipated that this will occur within the next 2 weeks and may continue over several more weeks as further certificates are processed.
The Directors of APGM have also been made aware by the Company’s CA that there has been a suggestion that APGM is in some way related to a second Company trading as Virgin Gold Mining Corporation (VGMC) or another company with a similar name. The Directors of APGM wish to confirm and make it clear that APGM has absolutely no relationship with VGMC, has no knowledge of its activities or Shareholders, and confirm that there has never been any transactions, agreements andor dialogue between the two companies. The Directors are closely monitoring this spurious campaign and its impact on APGM to determine if legal action is required against those making false accusation andor ill-founded statements. Information about APGM is available on its website asiapacificgmi.
com. The Directors take responsibility for this announcement and would like to reinforce that the company does not use any form of social media in its communication. Full confirmation of the reliability of this announcement will be provided later, but, as a taster, note that Asia Pacific Gold Mining Investments Ltd’s Corporate Adviser is none other than London Capital (NZ). The Corporate Adviser of VG Resources, touted as a vehicle that was to acquire VGMC’s assets, is also London Capital (NZ). And, as my previous post shows, the relationship is even closer than that VG Resources is merely a front for London Capital (NZ). So of course there’s at least one connection between APGMI and VGMC it goes via APGMI and London Capital (NZ) and VG Resources! The GXG press release above is evidently a tidge misleading.
It now seems very likely that Asia Pacific Gold Mining Investments Ltd (which I will call APGMI from now on), incorporated in New Brunswick, Canada, is “Plan C”, and London Capital are certainly in the mix again. There’s a reason to baulk at the conclusion for a bit longer, though. Unlike the stooge directors of VGMC in Panama and the front men of VG Resources in London, the Chairman of Asia Pacific Gold Mining Investments Ltd, incorporated in New Brunswick, Canada, is the very visible, corroborated and genuine Michael Cunningham OBE MBE, a Canberra and then Tornado pilot.
Group Captain Cunningham went via Thatcher-right-hand-man status for, (ahem), big Saudi Arabian arms deals, via a whole run of consultancies and board-level appointments at Very Serious UK companies, to one of his current berths, director of GXG - listed mining stock Asia Pacific Gold Mining Investments. Mr Cunningham is quite the catch for APGMI but is he a dupe, or in on the scam? Saudi arms deals are one thing, but microcap pump and dumps are a wild excursion for a man of his calibre. There’s not much future in just asking him ask a possible liar if he’s a liar and he will always give the same unevidenced answer that an honest man would. One is none the wiser, and might have tipped off a crook.
And what will Cunningham say if, as an alternative, he’s honest, but has goofed mightily by getting entangled with this mob? We already know he’s naive enough to work with London Capital (NZ) is he also naive enough to just waltz off to London Capital (NZ) and ask them if they are a scam? More digging is required before tackling the APGMI directors. One pointer turns up straight away the swish, but still not quite properly copy-edited announcement of Cunningham’s appointment is followed up by an intriguing correction to another director announcement a few weeks later This updated announcement is to state that Asia Pacific Gold Mining Investment Ltd (GXGAPGMG4) (Asia Pacific GMI) has confirmed that following the resignation of Ms Cook as director, Mr Philippe Cappelle has been appointed as Director effective immediately. Oddly, the previous announcement didn’t mention ‘Ms Cook’ by name and that’s the only clarifying change that I can see. But then, ah, there is Philippe Cappelle.
We have come across him before, in connection with Bryan Cook, here, with one less consonant in his name. So there is a male Cook in this story already, Bryan Leonard Cook, 100% owner of NZ-registered Asia Pacific Finance Corporation, which trades on GXG as London Capital (NZ), and which just happens to be APGMI’s GXG Broker. Are these two Cooks related, perchance? So who is the very shy Ms Cook, who perhaps didn’t want her name published at all, at first, and then agreed (perhaps grudgingly) to just her surname creeping out in the revision? A visit to the New Brunswick Companies Registry, where APGMI is incorporated, establishes that the shy Ms Cook of the GXG announcement is in fact one Julie Cecilia Cook, a UK resident, of north west London, to be slightly more precise. And indeed, Julie and Bryan Cook do seem to be linked, in a whole variety of ways. Most tellingly, the current board of Euro Forex Services (UK) is composed of Bryan Leonard Cook and Julie Cecilia Cook.
There’s more the past directors are Christopher David Orchard and Nauer Corporate Services, stars of my previous post in this series, where gypped-but-hopeful investors In Virgin Gold flew round the plant to conduct a spurious-looking and expensive Know Your Client charade with web fly-by night Nauer. Let’s dig even deeper the other star of the last post in this series was VG Resources, a GXG-listed stock that, for a while, was touted as having a deal to take over VGMC’s assets. But that deal never existed (nor did the assets). It turns out that the domain name of the site vg-resources.
com, which did nothing but republish VG Resources’ highly dubious press releases, was also registered by a Julie Cook, though in south west London, this time. And that leads us to another site, londoncapital. biz, registered by Bryan Cook, this time from a PO Box in Australia. In turn londoncapital. biz leads to a cast of thousands, including Mike Cunningham again, and Julie Cook.
But we are still not done. Perhaps there are two Julie Cooks. A quick peer at APGMI’s domain name registration (asiapacificgmi. com) yields the now-expected result, Julie Cook again, with a bonus email address, Julie. Cook@fuzionhr. net, and that residential address, back in north-west London. A visit to Fuzion HR’s director listing at Opencorporates finally nails it Julie Cook at Fuzion HR is Julie Cecilia Cook.
Bryan and Julie Cook turn out to be Australians with birth dates that differ by more than nine months brother and sister? Whatever we can safely say that they are well and truly linked , and that Julie Cook knows a reasonable amount about Bryan Cook’s business. APGMI’s press release disavowing any connection between APGMI and VGMC now looks hollow indeed. Another connection Fuzion HR has a registered address in Reading, UK, and that location rings a faint bell in this blogger’s overstuffed head. Eventually one remembers the recently appointed offshore stooge directors of Bryan Cook’s New Zealand company, Asia Finance Corporation, trading as London Capital (NZ), which is APGMI’s GXG broker. Those stooges are Angus Hooke, a finance professor, formerly at Johns Hopkins and the IMF, who now teaches in China, and Andrew Joseph MacFarlane, of Reading, UK, about whom I know nothing. Clearly, then, Hooke and MacFarlane have somehow been co-opted by one Cook or the other, just like Michael Cunningham.
The double occurrence of Reading, UK suggests that Andrew Joseph MacFarlane just might have something to do with Julie Cecilia Cook. Perhaps a journalist, or a policeman, will be asking him about that, one day. In the mean time, this suspicious blogger will be skipping that enquiry. On balance one suspects that, at some point Hooke, MacFarlane, Cunningham and Capelle are all going to be very, very annoyed and distressed about this entanglement they appear to have been worked over almost as comprehensively as the Virgin Gold investors. In fact there is strong current evidence that Cunningham is indeed roused, and is fighting back, as befits a former military man, rather splendidly, with Capelle and others alongside him, in a high profile manner that scammers tend not to relish.
What precipitates that fightback? Let us go back to the APGMI story another APGMI board appointment is announced at GXG in September 2014 The Directors would also like to take this opportunity to welcome Mr David Mapley following his appointment to the APGMI Board. Initially, Mr Mapley is very confusing. He is already a director of another London Capital (NZ) GXG stock, City Windmills, with a registration at a London address that I already know of, and don’t much like.
Is City Windmills yet another scam? Their news flow looks plausible and their accountant, Hays Mackintyre, are not obvious crooks. This isn’t like VG Resources and APGMI at all.
So whose side is Mapley on? Is he another mug? If so, will he slumber on? For a steer, I would now like to draw readers’ attention to my profile at Naked Capitalism Richard focuses on international investment scams that enrich the unscrupulous and impoverish the credulous. He is also interested in banking, regulation and enforcement. Sometimes he notices the affinity between these two subject matters. This is one of those times. Cast your mind back to Goldman Sachs’ notorious Timberwolf CDO, (Reuters) …the Timberwolf deal drew considerable notoriety during last month’s hearing by the Senate Permanent Subcommittee on Investigation when lawmakers revealed that a former Goldman executive had described the transaction as “one shitty deal” in an internal Goldman email. Former Goldman mortgage executive Thomas Montag, who now works for Bank of America, penned that “shitty deal” email on June 22, 2007.
A week earlier, Basis invested in the Timberwolf deal by plunking down about $11 million in cash and financing the rest of the transaction with a margin loan from Goldman. The Timberwolf deal, which referenced a pool of other subprime-backed CDOs, quickly soured. By the end of August, the deal had lost 80 percent of its value and the CDO was liquidated in June 2008. In buying Timberwolf on margin, Basis agreed to let Goldman re-price the value of the securities as it saw fit. And within weeks of closing the transaction, Goldman began marking down the securities and demanding cash collateral from Basis. …hmm, just like a blowoff.
Of course, there’s an impenetrable Chinese Wall between the GS CDO salesman and the GS margin loan department, so it can’t really be a blowoff at all, can it? It’s just big banks (OK, OK, GS was then merely a soon-to-be-bank) doing what big banks have to do. Smaller banks might help reduce the apparent conflict of interest, but let’s not go there . Timberwolf’s similarity to a scam was not lost on our Yves, who wrote Quelle Surprise, Goldman Knowingly Sold Garbage Barges, about Timberwolf. And who battled away to bring this “shitty deal” to the regulator’s attention? Sez Reuters An Australian hedge fund’s former independent director has been complaining to regulators for more than two years about how Goldman Sachs Group contributed to the fund’s collapse by selling it a toxic mortgage-linked security. Now in the wake of a recent Senate hearing on Goldman’s role in the U. S. mortgage mess, during which the security — called Timberwolf — was repeatedly singled out by lawmakers as a particularly egregious transaction, David Mapley said he’s finally getting a measure of satisfaction.
But Mapley, a former independent director for the Basis Yield Alpha Fund, said what he really wants is for Goldman to give back the $100 million the Basis Capital fund and its investors sank into the Timberwolf collateralized debt obligation. And there is David Mapley, fighting on the side of the angels, many would say, but certainly fighting. More from Reuters There are signs the persistence of Mapley and others connected to the defunct Australian hedge fund may be about to pay off. A Washington, D. C., law firm that represents the Basis fund is negotiating with Goldman over a possible settlement to the hedge fund’s $100 million claim, people familiar with the situation said. Well, maybe the DoJ, perhaps to Senator Carl Levin’s surprise, never followed up on Timberwolf, which nevertheless continues to dog Goldman Sachs’ steps a civil suit, last sighted early 2014, is still grinding through the New York Supreme Court. Speculative conclusion David Mapley knows a pump and dump when he sees one, and will wake up about APGMI, and will then just keep hammering away. Back at APGMI, that speculation begins to be confirmed in the most spectacular manner in a GXG press release by APGMI, at the end of 2014 Notice of General Meeting, and Termination of Funding Agreement.
The Directors of Asia Pacific Gold Mining Investments Ltd. (the “APGMI”) under s. 84 of the Business Corporation Act, SNB 1981, do hereby give notice of a general meeting of shareholders, to be held on 11.00am. on January 26th., 2015.
The location of the meeting will be at the office of G. P. Resource Mining PLC, Room 7C, House 002, Sintayehu Building, Woreda 02, Bole Sub City, Addis Ababa, Ethiopia. Shareholders will be voting on the following resolutions 1). To approve the audited accounts of July 30th. 2014 for the financial year 2013.
2). As a Designated Global Issuer compliant with Section 4.2 of the GXG Rulebook, as revised September 2014, the shareholders are required to approve an increase in the nominal paid-up share capital to above CAD 0.13 pershare, based on current EURCAD exchange rates. Therefore, the shareholders resolve to approve the reverse split of shares on a 1,0001 basis, re-basing an issued share capital of 100 million shares, to be reduced to 100,000 shares with ordinary share capital of CAD 1.00 per share. 3). For the purposes of funding current and future commitments of the company’s resources investment in Ethiopia, the shareholders resolve to issue 1 million ordinary shares, nominal value CAD 1.00 per share, at a price of up to CAD 10.00 per share. 4). As per a requisition of London Capital Advisers, shareholder of the Company as at December 8, 2014, pursuant to s. 96(1) of the Business Corporation Act, SNB 1981, to consider, and if deemed advisable, pass, with or without variation, a resolution for the purposes of removing the directors of the Company and elect replacement directors from such person or persons as may be nominated at the meeting.
Wow, London Capital Advisers (readers can make a reasonably good guess about who they are, more specifics in our next) want to get rid of the whole board Michael Cunningham, Philippe Capelle, John Cunningham and David Mapley! The next part of the press release is a masterpiece of deadpan The Directors recommend that shareholders support the Resolutions 1, 2 and 3, and reject Resolution 4. Additionally, APGMI has acknowledged the termination of a funding agreement with London Capital Group, via its Seychelles subsidiary. This funding facility of US$ 2 million, for developing the Assosa prospect in Ethiopia, was terminated before completion, by London Capital. For further information, please refer to the company web-site at apgmi. co. uk. The Board of Directors.
pp Asia Pacific Gold Mining Investments Ltd. Note well by now the unstinting, multi-year but really rather conspicuous efforts of Bryan Cook, Julie Cook and Christopher David Orchard mean that VGMC, the giant pyramid fraud at the back of all this, is beginning to develop a trail a mile wide. Whoever’s ultimately behind VGMC isn’t guaranteed to be terribly pleased about that. But they shouldn’t necessarily blame the Cooks and Orchard there’s another London Capital player, and, arguably for good financial reasons, he doesn’t appear to give a damn about keeping attention off London Capital, or off his colleagues. The increasingly surreal ramifications of that indiscreetness, and more, will be covered in our next blog post.
currency exchange rates gbp to euro @@> Getcurrency exchange rates gbp to euroForex Trading System Forex Trading System currency exchange rates gbp to euro. currency exchange rates gbp to euro @@> Getcurrency exchange rates gbp to euroForex Trading System. currency exchange rates gbp to euro @@> Getcurrency exchange rates gbp to euroForex Trading System Forex Trading System currency exchange rates gbp to euro. currency exchange rates gbp to euro @@> Getcurrency exchange rates gbp to euroForex Trading System Forex Trading System currency exchange rates gbp to euro currency exchange rates gbp to euro @@> Getcurrency exchange rates gbp to euroForex Trading System Forex Trading System currency exchange rates gbp to euro.
currency exchange rates for euro $> Bestcurrency exchange rates for euroForex Trading criminal Forex Trading criminal currency exchange rates for euro. currency exchange rates for euro $> Bestcurrency exchange rates for euroForex Trading criminal. currency exchange rates for euro $> Bestcurrency exchange rates for euroForex Trading criminal Forex Trading criminal currency exchange rates for euro.
currency exchange rates for euro $> Bestcurrency exchange rates for euroForex Trading criminal Forex Trading criminal currency exchange rates for euro currency exchange rates for euro $> Bestcurrency exchange rates for euroForex Trading criminal Forex Trading criminal currency exchange rates for euro. Duisenberg Urges Changes In Bonuses At Amsterdam Euroforex ྛ Congress. FX Week staff 02 Oct 1995. A call for an overhaul of the bonus system in foreign exchange and other trading was made by Dr. Willem Duisenberg, president of the Nederlandsche Bank and of the Bank for International Settlements, at the Association Cambiste Internationale's Euroforex '95 congress in Amsterdam.
Speaking on a panel about the derivatives market and risk management, he said that the Dutch central bank is recommending that dealer remuneration should be "sufficiently independent of short-term trading profits," Register for a FX Week trial to access this article. Sign up today and get access to 7 days access to news, analysis & features The FX Week magazine app Tailored email news alerts.