الخميس، 28 أكتوبر 2010

US blacklists 37 alleged front companies for Iran

By ASSOCIATED PRESS

Published: Oct 28, 2010 00:43 Updated: Oct 28, 2010 00:43

WASHINGTON: The Obama administration is putting new pressure on Iran by blacklisting 37 shipping companies in Germany, Malta and Cyprus that the US links to Tehran’s nuclear program.

The Treasury Department said Wednesday that all are front companies owned or acting for the Islamic Republic of Iran Shipping Lines, which the US says is used to advance Iran’s nuclear and missile programs.

The blacklisting is the latest in a series of actions by the UN, as well as the US and other countries to punish Iran for its disputed nuclear program. The US measures are also intended to pressure Tehran into agreeing to taking steps to prove that the program is not used to make bombs.

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0800 032 1948October 18, 2010
GAIN Capital to Acquire the Retail Forex Business of Capital Market Services, LLC

GAIN Capital Holdings, Inc., a global provider of online trading services specializing in foreign exchange (forex or FX) and contracts for difference (CFDs), has reached an agreement to acquire...Read More


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September 21, 2010
Metals Poised for Further Gain in Fourth Quarter Despite a Sluggish Global Recovery, According to FOREX.com Analysts

After a brief pause in the third quarter, precious metals gathered momentum as major currencies struggled and commodity currencies took the lead...Read More

FOREX.com has been awarded numerous awards and accolades for growth and achievement over the last 5 years. Read more.


FOREX.com UK is a subsidiary of GAIN Capital Group, LLC, a leading provider of foreign exchange services, including direct-access trading and asset management.
Founded in 1999 by Wall Street veterans, GAIN Capital Group, LLC. is now one of the largest, most respected firms in the industry, servicing clients from more than 140 countries around the globe. Read more.

Pound/US Dollar (GBP/USD)
Hourly Chart
Pair Last High/Low Change
GBP/USD 1.5932 1.5954/1.5760 0.0165
EUR/USD 1.3898 1.3916/1.3763 0.0130
USD/JPY 80.91 81.80/80.86 0.84
XAU/USD 1333.43 1337.68/1322.88 8.25
UK Oil 83.54 83.86/83.00 0.28


MARKET UPDATE - 6:00 AM
The dollar rally has started to stall after a big clear-out of short positions since Tuesday. This has benefited EUR/USD, GBP/USD and weighed on USD/JPY and USD/CHF.Read onThis text is hiddenThis text is hidden

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GAIN Capital to Acquire the Retail Forex Business of Capital Market Services, LLC

NEW YORK and LONDON, October 18, 2010 - GAIN Capital Holdings, Inc., a global provider of online trading services specializing in foreign exchange (forex or FX) and contracts for difference (CFDs), has reached an agreement to acquire the retail forex business of Capital Market Services LLC (“CMS Forex”), pending regulatory approvals and other closing conditions.

GAIN Capital, through its regulated subsidiaries, agreed to purchase the retail customer accounts currently held at CMS Forex’s regulated subsidiaries in the United States, Bermuda, United Kingdom and Japan. The transfer of CMS Forex’s U.S. and Bermuda customers was completed on October 15, 2010. The transfer of the retail customer accounts of CMS Forex’s regulated subsidiaries in the United Kingdom and Japan is scheduled to be completed in the coming weeks, pending regulatory approval and other closing conditions.

The agreement comes as a result of CMS Forex’s decision to cease providing retail forex trading services. CMS Forex will continue to offer FX liquidity services to institutional clients worldwide and act as an introducing broker of retail business to GAIN Capital.

“We are pleased to be in a position to offer CMS Forex’s retail customers around the world the ability to continue trading forex with an established, well capitalized firm,” said Glenn Stevens, CEO, GAIN Capital. “Our goal is to provide these traders with uninterrupted service, and we will work closely with CMS Forex’s team to ensure a smooth transition of their customer’s accounts and assets to our retail division, FOREX.com. We are confident that CMS Forex’s customers will be satisfied with the robust offering available at FOREX.com, including our industry leading trading tools, research and educational resources, as well as our focus on providing superior customer service.”

“When we made the strategic decision to exit the retail FX market, our major priority was to find our customers the opportunity to trade with a firm equally committed to providing superior technology offerings, educational resources and customer service,” commented Eugene Hawkin, president and COO of CMS Forex. “Having engaged in discussions with a number of firms, we felt that GAIN Capital would provide our customers with the quality of tools and services they have received during their time with CMS Forex.”

The acquisition highlights GAIN Capital’s strategy of pursuing attractive acquisition and alliance opportunities and will represent its second acquisition this year. On September 13, GAIN Capital announced that it had acquired approximately 4,000 customer accounts of MG Financial, as a result of MG Financial’s decision to exit the retail forex industry and cease operations.

Raymond James & Associates, Inc. served as the exclusive financial advisor to CMS Forex in this transaction.

About CMS Forex
CMS Forex was founded in 1999 by professional Forex traders, Forex brokers and software developers. Since its inception, CMS Forex has identified traders' needs and built its core trading platform, VT Trader™, to accommodate its loyal client base. CMS Forex is a leading provider of foreign exchange (FX) trading and related services to clients in approximately 170 countries. The Company serves institutional accounts and offers a diverse array of trading platforms combined with unmatched execution and customer services to facilitate direct access to the global FX markets.

CMS Forex and its affiliated group of companies are headquartered in New York City, London, Tokyo and Hamilton, Bermuda with representative offices in Boston, Shanghai, and St. Petersburg, Russia. The group holds registrations with the Commodity Futures Trading Commission (CFTC) in the United States, the Financial Services Authority (FSA) in the United Kingdom, the Financial Services Authority (FSA) in Japan, the Bermuda Monetary Authority (BMA) in Bermuda.

About GAIN Capital
GAIN Capital Holdings, Inc. is a global provider of online trading services, specializing in foreign exchange (forex or FX) and contracts for difference (CFDs). Customers and trading partners in more than 140 countries have utilized the company’s award-winning trading platform which transacts nearly $250 billion per month.*

A pioneer in online forex trading, GAIN Capital provides execution, clearing, custody and technology products and services to an institutional client base including asset managers, broker/dealers and other financial services firms. GAIN also operates FOREX.com, one of the largest and best-known brands in the retail forex industry.

With offices in New York City; Bedminster, New Jersey; London; Sydney; Hong Kong; Tokyo and Seoul. GAIN Capital and its affiliates are regulated by the Commodity Futures Trading Commission (CFTC) in the United States, the Financial Services Authority (FSA) in the United Kingdom, the Financial Services Authority (FSA) in Japan, the Securities and Futures Commission (SFC) in Hong Kong, and the Australian Securities and Investments Commission (ASIC) in Australia.

GAIN's investor group includes private equity firms 3i, VantagePoint Venture Partners, Tudor Ventures, Edison Venture Fund and Cross Atlantic Capital Partners.

For company information, visit www.gaincapital.com or www.forex.com

*Includes customer trades, rollovers, and counterparty transactions.

Indonesia tsunami toll hits 343 as bodies found






By ASSOCIATED PRESS

Published: Oct 28, 2010 14:51 Updated: Oct 28, 2010 15:22

MENTAWAI ISLANDS, Indonesia: Rescuers searching islands ravaged by a tsunami off western Indonesia raised the death toll to 343 Thursday as more bodies were found and said the number is likely to climb higher because hundreds of missing people may have been swept away.

Elsewhere in Indonesia, the volcano that killed 33 people this week began erupting again, though there were no reports of new injuries or damage. Mourners held a mass burial Thursday during a lull in Mount Merapi’s rumblings.

President Susilo Bambang Yudhoyono was to meet Thursday with survivors of the twin catastrophes, which struck within 24 hours in different corners of the seismically charged region, severely testing the nation’s emergency response network.

Officials say a multimillion-dollar warning system installed after a monster 2004 quake and tsunami broke down one month ago because it was not being properly maintained.

In the tsunami-ravaged Mentawai islands, search and rescue teams — kept away for days by stormy seas and bad weather — found roads and beaches with swollen corpses lying on them, according to Harmensyah, head of the West Sumatra provincial disaster management center.

Some wore face masks as they wrapped corpses in black body bags on Pagai Utara, one of the four main islands in the Mentawai chain located between Sumatra and the Indian Ocean. Huge swaths of land were underwater and houses lay crumpled with tires and slabs of concrete piled on the surrounding sand.

Ferry Faisal, of the West Sumatra provincial disaster management agency, raised the official toll Thursday to 343 from 311 earlier in the day. He said 338 people are still missing.

Harmensyah said the teams were losing hope of finding those missing since the wall of water, created by a 7.8-magnitute earthquake, crashed into the islands on Monday.

“They believe many, many of the bodies were swept to sea,” he said.

On Thursday, more than 100 survivors crowded into a makeshift medical center in the town of Sikakap on Pagai Utara. Some still wept for loved ones lost to the 10-foot (three-meter) wave as they lay on straw mats or sat on the floor, waiting for medics to treat injuries including broken limbs and cuts.

Hermansyah, a local fisheries ministry official who survived the earthquake and wave that hit Sikakap because he was on higher ground, quickly formed a rescue coordination committee and began traveling to other areas, finding several villages flattened.

“Not even the foundations of houses are standing. All of them are gone,” said Hermansyah, who like many Indonesians uses a single name.

He said the devastation he saw indicates the wave could have been higher than reported in some areas — perhaps more than 20 feet (six meters) high.

About 800 miles (1,300 kilometers) to the east in central Java, Mount Merapi began spewing hot clouds of ash again at around 4:30 p.m. Thursday, according to the Indonesian vulcanology agency Subandriyo.

Most residents have been evacuated from the area. It was unclear whether the new activity was a sign of another major blast to come. Tuesday’s eruption killed at least 33 people and injured 17, said Agustinus, a doctor at the local health department.

Residents from the hardest-hit villages of Kinahrejo, Ngrangkah, and Kaliadem — which were decimated in Tuesday’s blast — crammed into refugee camps. Officials brought surviving cows, buffalo and goats down the mountain so that they wouldn’t try to go home to check on their livestock.

Thousands attended a mass burial for 26 of the victims six miles (10) kilometers from the mountain’s base. They included family and friends, who wept and hugged one another as bodies were lowered into the grave in rows.

Among the dead was a revered elder who had refused to leave his ceremonial post as caretaker of the mountain’s spirits. He was buried in a separate funeral Thursday.

Driverless vans end 13,000-km test drive to China





SHANGHAI: Across Eastern Europe, Russia, Kazakhstan and the Gobi Desert — it certainly was a long way to go without getting lost.

Four driverless electric vans successfully ended a 8,000-mile (13,000-kilometer) test drive from Italy to China — a modern-day version of Marco Polo’s journey around the world — with their arrival at the Shanghai Expo on Thursday.

The vehicles, equipped with four solar-powered laser scanners and seven video cameras that work together to detect and avoid obstacles, are part of an experiment aimed at improving road safety and advancing automotive technology.

The sensors on the vehicles enabled them to navigate through wide extremes in road, traffic and weather conditions, while collecting data to be analyzed for further research, in a study sponsored by the European Research Council.

“We didn’t know the route, I mean what the roads would have been and if we would have found nice roads, traffic, lots of traffic, medium traffic, crazy drivers or regular drivers, so we encountered the lot,” said Isabella Fredriga, a research engineer for the project.

Though the vans were driverless and mapless, they did carry researchers as passengers just in case of emergencies. The experimenters did have to intervene a few times — when the vehicles got snarled in a Moscow traffic jam and to handle toll stations.

The project used no maps, often traveling through remote regions of Siberia and China. At one point, a van stopped to give a hitchhiker a lift.

A computerized artificial vision system dubbed GOLD, for Generic Obstacle and Lane Detector, analyzed the information from the sensors and automatically adjusted the vehicles’ speed and direction.

“This steering wheel is controlled by the PC. So the PC sends a command and the steering wheel moves and turns and we can follow the road, follow the curves and avoid obstacles with this,” said Alberto Broggi of Vislab at the University of Parma in Italy, the lead researcher for the project.

“The idea here was to travel on a long route, on two different continents, in different states, different weather, different traffic conditions, different infrastructure. Then we can have some huge number of situations to test the system on,” he said.

The technology will be used to study ways to complement drivers’ abilities. It also could have applications in farming, mining and construction, the researchers said.

The vehicles ran at maximum speeds of 38 miles per hour (60 kilometers per hour) and had to be recharged for eight hours after every two to three hours of driving. At times, it was monotonous and occasionally nerve-racking, inevitably due to human error, Fredriga said.

“There were a few scary moments. Like when the following vehicle bumped into the leading one and that was just because we forgot, we stopped and we forgot to turn the system off,” Fredriga said.

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Forex Gridbot
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Online Forex Trading Platform – Strategies For Choosing A Best Online Forex Trading Platform In Less Than 30

Let me start with this analogy, before making any major investment in your life like buying a house or a new car
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My seven tips for choosing a best online forex broker.
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Metatrader platforms gives traders a choice to either place their trades automatically using their own preferred expect advisors better known as trading robots or trade place their trades manually.
2: Use a broker which is registered with NFA better known as national futures association or any regulating body in the country that your broker `s main offices are placed. This is very important as you want to do business with a trust worthy company.You do not want to woke up one day and find that your broker has filed for bankruptcy. Online Forex Trading Platform
3:Check better business bureau to see if any complain has been filed against your forex platform you are busy reviewing.If any check how well or bad did the broker handle the resolution.
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5:Is your broker offer both demo account and real trading account? If he only offers only real account look for another broker which is offering both. The advantage of a demo account is that you will use the trading platform for free while learning how to trade without risking your hard earned money.You will use this also when testing a new trading system you just bought or developed.
6:do you receive legitimate correspondence in the form of e-mails from your broker?Are your concerns and questions handle approximately?
7:is your broker offering a fixed or variable spread? What is the spread during volatile market times? For clarity a spread is a price difference between bid and ask price.
Lastly knowing the right questions to ask and doing the necessary research will increase your chances of choosing the right broker for you. Also check out forex broker reviews sites. I hope the article has been useful to you. Those who want to short cut the search you may click here for popular forex brokers I personally use. Online Forex Trading Platform
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