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Jobs Vacancy at Public Bank

Written By Admin on Wednesday, March 2, 2011 | 12:02 PM

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Jawatan Kosong Public Bank

1. Share Investment Executives

Working Place: Kota Bharu and Klang Valley Branches

Responsibilities:
- Sales and marketing of new share accounts
- Execute customers' shares transactions

Requirements:
- Minimum Diploma qualifications with at least 2 years experience as a dealer in a stockbroking firm is preferred
- Pro-active and result-oriented with strong desire to sell
- Good communication and interpersonal skills
- Possess own transport and willing to travel

Successful candidates are required to sit and pass the examination required by the Securities Commission

*Fresh graduates are encouraged to apply

Remuneration:
An attractive remuneration package and a wide range of benefits which amongst others include medical, insurance coverage, staff housing loan at 0 - 2 % interest rate depending on loan quantum, staff car loan at 2.5 % interest rate and opportunities for development of potential awaits successful candidates. Fresh graduates will be paid a basic salary of not less than RM2,800 per month.

Those interested are invited to apply by send your application along with a passport-size photograph (n.r.) to:

General Manager
Human Resource Division
PUBLIC BANK (6463-H)
P.O. Box 12542
50947 Kuala Lumpur

Fax No : 03-21639906
Email : hrd@publicbank.com.my

Closing Date: 15 Mac 2011

Posted by Admin at 12:02 PM
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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.