Jobs at Amanah Saham Mara Berhad
ASM GROUP is a pioneer in the local unit trust industry, with subsidiaries in unit trust and asset management as well as financial services. We are now preparing for a new phase of growth, innovation and service excellence and we need qualified individual to strengthen our human capital base. Successful candidates are expected to help us realise our corporate mission to be a leading player in the unit trust and fund management industry. The following positions are available:
1. HEAD, BUSINESS DEVELOPMENT
2. MANAGER, DISTRIBUTION AND SALES
3. MANAGER, RESEARCH
4. EXECUTIVE, ACCOUNTS
5. EXECUTIVE, BUSINESS STRATEGY AND PLANNING
6. EXECUTIVE, INTERNAL AUDIT
7. EXECUTIVE, SALES
8. SECRETARY
CLICK HERE FOR MORE DETAILS
How to Apply:
Competitive salaries commensurate with qualifications and experience together with other attractive fringe benefits will be offered to the right candidates.
Interested candidates are invited to apply online at
mailto:%20hrd@asmb.com.my or by mailing to the address below together with your complete resume stating working experience, current and expected salary, contact number, copies of relevant certificates and recent passport-sized photo (n.r) before
28 February 2011 to:-
Amanah Saham Mara Berhad (7240-P)
Human Resource Development Department
5th Floor, Wisma ASMB
No 1A, Jalan Lumut
P.O. Box 10701
50722 Kuala Lumpur
Tel : 03-4145 3800
Website :
http://www.asmb.com.my/
Closing Date: 28 February 2011
Related Posts : jawatan kosong amanah saham mara berhad 2011,
kuala lumpur
How Forex Brokers Work
Like any other business in the history of business, your broker’s raison d’etre, is to make as big a profit as possible. There are about as many ways to go about this as there are brokers. For those who are in it for the long haul, however, it is generally best to adopt a set of practices which are deemed fair by their clients: certain boundaries are set, and operating beyond them can cost a brokerage its reputation, and along with it its clients. Straying outside these boundaries, therefore, is not considered as being in line with the long term goals of the business. How strictly these boundaries are enforced, especially when there is little chance of clients ever even becoming aware of any transgression, again varies from business to business. For the sake of simplicity, in this article we assume that everyone in the business is squeaky clean, as if every client could peek into the broker’s back office at any time and dissect every trade. This is obviously not the case, and many brokers do take advantage of this opaqueness, but the details of that are best left for another discussion.
So without further ado, let’s get into the details of how forex brokers function. Somewhat removed from the top-tier interbank market, retail forex brokers are there to provide a service that would otherwise not be available, that is, giving an investor with a $10,000 bankroll the chance to speculate in the up-until-recently very exclusive forex market. There are generally considered to be 2 types of brokers providing access at the retail level: Electronic Communications Networks (ECNs) and Market Makers. ECNs are generally somewhat more exclusive, requiring larger deposits to get started, but are seen as providing more direct access to the interbank market. As we will see, there are certainly advantages to this, but some disadvantages as well. Market makers, on the other hand are more often than not, the counter party to their clients’ trades, creating somewhat of a conflict of interest, whereas ECNs profit from commission fees charged directly to the clients, regardless of the result of any trade, they are seen as being completely impartial – an ECN has no incentive for a client to lose money. In fact, one could argue that an ECN stands to profit more if a client is successful, meaning that s/he will stay around longer and they will be able to collect more commission fees from them. A market maker, on the other hand, being the counterparty to a client’s trade, makes money if the client loses money, providing an incentive for some shady practices, particularly in an unregulated market. The extent to which this happens varies among individual brokers. There are also some benefits to trading with a market maker (see our ECNs vs. Market Makers article) Some brokers also provide a service that doesn’t quite fit into either category – they route different orders differently, depending on complex algorithms, or on a dealing desk, that analyze each order and attempt to fill it in the way that will be most beneficial to the broker’s bottom line. They can offset some client orders against one another, effectively creating an in-house market, they can choose to be the counterparty to a client’s trade (trade “against” the client), or they can offset their position with a hedge through a higher-tier counterparty. Note that the market maker is mainly concerned with managing its net exposure, and NOT with any single individual’s trades. They are NOT gunning for your stop losses specifically, but may be gunning for clusters of stops.
