The Islamabad Stock Exchange

The Islamabad Stock Exchange (ISE) was incorporated as a guarantee limited Company on 25th October, 1989 in Islamabad Capital territory of Pakistan with the main object of setting up of a trading and settlement infrastructure, information system, skilled resources, accessibility and a fair and orderly market place that ranks with the best in the world. The purpose for establishment of the stock exchange in Islamabad was to cater to the needs of less developed areas of the northern part of Pakistan.

The ISE has set the highest standards of operational efficiency and is committed to support a climate of confidence and optimism that encourages and promotes trading activity. It also provides for conducive environment to channelize the small investments of the residents of less developed areas. The ISE offers an easy access to both domestic as well as foreign investors and actively encourages the listing of eligible and profitable companies, both large and small to make it an exciting and diverse Exchange. The Exchange is playing a pivotal role for economic growth of the area thereby contributing towards the overall economic prosperity and welfare of the country.

At present there are 118 members out of which 104 are corporate bodies including commercial and investment banks, DFIs and brokerage houses. The other 18 Members are individual persons who are well educated, enterprising and progressive minded. The affairs of the Exchange are governed by the Board of Directors. The Board of Directors consists of ten directors, of which five are elected member directors and four are non-member directors nominated by the SECP while the managing director by virtue of his office is the tenth director of the Board . In order to protect the interest of the investing public, an Investors Protection fund has been established by the Exchange. Since the inception of automated trading system (ISECTS), the trade volume has been multiplying day by day and the average daily turnover has now crossed the figure of 1 million shares. Now all the listed securities are traded through the ISECTS. The system of physical handling of shares and securities has been phased out and majority of the scrips are settled through Central Depository Company of Pakistan Limited. At the moment there are 248 companies/securities listed including 6 Open- End Mutual Fund and 4 TFCS on the Exchange with an aggregate capital of Rs. 572,057.266 million. The market capitalization stood at Rs. 1,943,646.210 million as on 16-12-2008 . The pace of listing has remained slow as the economy of the Country is under consistent pressure due to internal as well as external factors.In comparison with major financial markets around the World, the functioning of capital market in Pakistan is still very much in its infancy and lacks advanced technology. In this context efforts are being made to bring ISE in line with the International system and methodology.

The Islamabad Stock Exchange

The Islamabad Stock Exchange (ISE) was incorporated as a guarantee limited Company on 25th October, 1989 in Islamabad Capital territory of Pakistan with the main object of setting up of a trading and settlement infrastructure, information system, skilled resources, accessibility and a fair and orderly market place that ranks with the best in the world. The purpose for establishment of the stock exchange in Islamabad was to cater to the needs of less developed areas of the northern part of Pakistan.

The ISE has set the highest standards of operational efficiency and is committed to support a climate of confidence and optimism that encourages and promotes trading activity. It also provides for conducive environment to channelize the small investments of the residents of less developed areas. The ISE offers an easy access to both domestic as well as foreign investors and actively encourages the listing of eligible and profitable companies, both large and small to make it an exciting and diverse Exchange. The Exchange is playing a pivotal role for economic growth of the area thereby contributing towards the overall economic prosperity and welfare of the country.

At present there are 118 members out of which 104 are corporate bodies including commercial and investment banks, DFIs and brokerage houses. The other 18 Members are individual persons who are well educated, enterprising and progressive minded. The affairs of the Exchange are governed by the Board of Directors. The Board of Directors consists of ten directors, of which five are elected member directors and four are non-member directors nominated by the SECP while the managing director by virtue of his office is the tenth director of the Board . In order to protect the interest of the investing public, an Investors Protection fund has been established by the Exchange. Since the inception of automated trading system (ISECTS), the trade volume has been multiplying day by day and the average daily turnover has now crossed the figure of 1 million shares. Now all the listed securities are traded through the ISECTS. The system of physical handling of shares and securities has been phased out and majority of the scrips are settled through Central Depository Company of Pakistan Limited. At the moment there are 248 companies/securities listed including 6 Open- End Mutual Fund and 4 TFCS on the Exchange with an aggregate capital of Rs. 572,057.266 million. The market capitalization stood at Rs. 1,943,646.210 million as on 16-12-2008 . The pace of listing has remained slow as the economy of the Country is under consistent pressure due to internal as well as external factors.In comparison with major financial markets around the World, the functioning of capital market in Pakistan is still very much in its infancy and lacks advanced technology. In this context efforts are being made to bring ISE in line with the International system and methodology.

Welcome to Financial News Online

Join an elite club of securities industry professionals receiving independent and insightful coverage of investment banking, asset management and private equity. Think of us as your essential source of information, helping you to make informed decisions to keep you one step ahead of the competition. We offer extensive coverage relevant to readers in the Middle East, charting the heady rise of Islamic finance, enabling you to find out what's happening within your region and across the world.
Throughout the working day we will bring you the key news, analysis of trends and issues and in-depth coverage of M&A, private equity, debt and equity capital markets, fund management, information technology and recruitment.

Welcome to Financial News Online

Join an elite club of securities industry professionals receiving independent and insightful coverage of investment banking, asset management and private equity. Think of us as your essential source of information, helping you to make informed decisions to keep you one step ahead of the competition. We offer extensive coverage relevant to readers in the Middle East, charting the heady rise of Islamic finance, enabling you to find out what's happening within your region and across the world.
Throughout the working day we will bring you the key news, analysis of trends and issues and in-depth coverage of M&A, private equity, debt and equity capital markets, fund management, information technology and recruitment.

Forex Jobs in New Zealand

It is one of the most talked-about advantages of trading on the Forexthe commission-free trades! Unfortunately, while we would all like to think that forex brokres are just out there executing trades for the fun of it, the simple truth is that everyone needs to make moneyeven the brokers. While they may not charge a traditional commission, brokers on the Forex still make their money whenever trades take place. Brokers actually are compensated in a number of ways, including:Buying/Selling Currencies, Earned interest on deposited funds, Converting and holding currencies,Rollover fees, etc

It is in the buying and selling of currencies that brokers make the majority of their money. They make this money in something known as the ’spread’, or the difference between the asking and bidding price of the currency pair. The ‘ask’ is the price a retail Forex trader would pay for a position. The ‘bid’ price refers to the amount that an investor could then sell the position at.

The smallest unit of measure in forex trading is known as a pip and it is equal to .0001 (except for the Japanese Yen, which is .01). The difference between the ask and bid price is typically only 3 or 4 pips and this is what the broker makes when buying and selling currencies.

A broker is actually a middleman and never actually charges anyone directly. Instead, a broker purchases a position from a larger investment institution and then sells it to the retail Forex trader while pocketing the difference between the two amounts. For instance, a broker might set the ‘ask’ price at 1.250 and the ‘bid’ price at 1.246. If the investor were to sell the position immediately, then the most they could sell it for would be the ‘bid’ price of 1.246or a loss of 4 pips. Since the typical Forex transaction is conducted in $100,000 lots, that means that the broker made $40 in that currency exchange.

The spread will vary depending on the broker and the currencies being traded. Typically, the spread averages between 3-5 pips. Unfortunately, brokers are necessary tools in the Forex trading game if for no other reason than the sheer size of the transactions. There is approximately 1.8 trillion dollars exchanging hands on the Forex every day and these transactions are conducted in $100,000 ‘lots’ (there are also $10,000 mini-lots and even micro-lots). Thus, it is typical for Forex transactions to be highly leveraged with most traders only putting up $1,000 (or 1/100) in capital.

Forex brokers will tend to be partners or somehow associated with investment banks and similar institutions. These ‘backers’ actually guarantee the loans used to leverage Forex tradesand without themnone of us could trade on the currencies markets unless we were willing to risk more than the 1% demanded by most brokers.

Yes, the brokers do make money when investors trade on the Forex but they do provide a genuine service. Just be careful to avoid trading too often because although the pips are smallthey can disappear quickly especially when investors try to compensate for a loss by turning around and investing before doing their homework. Therefore, be wary of any Forex broker that advocates any form of ‘day trading’ or the likeit’s a very, very dangerous strategy to use in the most volatile and fluid market the world has ever known!

Forex Jobs in New Zealand

It is one of the most talked-about advantages of trading on the Forexthe commission-free trades! Unfortunately, while we would all like to think that forex brokres are just out there executing trades for the fun of it, the simple truth is that everyone needs to make moneyeven the brokers. While they may not charge a traditional commission, brokers on the Forex still make their money whenever trades take place. Brokers actually are compensated in a number of ways, including:Buying/Selling Currencies, Earned interest on deposited funds, Converting and holding currencies,Rollover fees, etc

It is in the buying and selling of currencies that brokers make the majority of their money. They make this money in something known as the ’spread’, or the difference between the asking and bidding price of the currency pair. The ‘ask’ is the price a retail Forex trader would pay for a position. The ‘bid’ price refers to the amount that an investor could then sell the position at.

The smallest unit of measure in forex trading is known as a pip and it is equal to .0001 (except for the Japanese Yen, which is .01). The difference between the ask and bid price is typically only 3 or 4 pips and this is what the broker makes when buying and selling currencies.

A broker is actually a middleman and never actually charges anyone directly. Instead, a broker purchases a position from a larger investment institution and then sells it to the retail Forex trader while pocketing the difference between the two amounts. For instance, a broker might set the ‘ask’ price at 1.250 and the ‘bid’ price at 1.246. If the investor were to sell the position immediately, then the most they could sell it for would be the ‘bid’ price of 1.246or a loss of 4 pips. Since the typical Forex transaction is conducted in $100,000 lots, that means that the broker made $40 in that currency exchange.

The spread will vary depending on the broker and the currencies being traded. Typically, the spread averages between 3-5 pips. Unfortunately, brokers are necessary tools in the Forex trading game if for no other reason than the sheer size of the transactions. There is approximately 1.8 trillion dollars exchanging hands on the Forex every day and these transactions are conducted in $100,000 ‘lots’ (there are also $10,000 mini-lots and even micro-lots). Thus, it is typical for Forex transactions to be highly leveraged with most traders only putting up $1,000 (or 1/100) in capital.

Forex brokers will tend to be partners or somehow associated with investment banks and similar institutions. These ‘backers’ actually guarantee the loans used to leverage Forex tradesand without themnone of us could trade on the currencies markets unless we were willing to risk more than the 1% demanded by most brokers.

Yes, the brokers do make money when investors trade on the Forex but they do provide a genuine service. Just be careful to avoid trading too often because although the pips are smallthey can disappear quickly especially when investors try to compensate for a loss by turning around and investing before doing their homework. Therefore, be wary of any Forex broker that advocates any form of ‘day trading’ or the likeit’s a very, very dangerous strategy to use in the most volatile and fluid market the world has ever known!

Trade Mechanics

Given that there is in excess of $2 trillion a day being traded on the forex market, it’s easy to believe that there will always be enough liquidity in the market to do what needs doing. Sadly, belief doesn’t negate the truth that for each and every buyer in the market, there MUST also be a seller, otherwise no transaction can occur. If an order is too big to handle at the current price, then the price has to move to a point where there is enough open interest to cover the transaction. Each time you see a price move even a single pip, it’s an indication that an order was transacted or executed which “consumed” the open interest at its existing price. Prices can move in no other way.