1. A repurchase agreement or a repo is a contract whereby the seller of securities agrees to buy them back at a specified future date and price usually on a short-term basis. The difference between the original price and the repurchase price implies the cost of the repo otherwise known as the repo rate. This [...]
Market color, which is not to be confused with sizing-up the volume, is a terminology normally used in the context of dealers and brokers describing the depth of market liquidity. It is also defined as the ensuing sentiment in the trading markets. The market color is commonly given by a broker to market participant dealers. [...]
POSTED PRICE IS HIT BY TWO OR MORE DEALERS WITH THE MONEY BROKER (BROKER) RESULTING IN TRANSACTION VOLUME LESS THAN THE MINIMUM STANDARD LOT When a posted price with a broker is lifted or given simultaneously by two or more dealers, the volume specified by the quoting dealer will be divided equally among the aggressor [...]
POSTED PRICE IS HIT BY TWO OR MORE DEALERS WITH THE MONEY BROKER (BROKER) RESULTING IN TRANSACTION VOLUME LESS THAN THE MINIMUM STANDARD LOT When a posted price with a broker is lifted or given simultaneously by two or more dealers, the volume specified by the quoting dealer will be divided equally among the aggressor [...]
TRADING PRACTICES - THE PRICE QUOTED TO THE BROKER IS “SUBJECT” / “UNDER REFERENCE” OR “INDICATIVE” THE PRICE QUOTED TO THE BROKER IS "SUBJECT" / "UNDER REFERENCE" OR "INDICATIVE" "Subject", "under reference", and "indicative" price terminologies are interchangeably used by dealers. A "subject", "under reference", or "indicative" price is not a firm price. The broker [...]
PERSONAL CONDUCT OF DEALERS WITH MONEY BROKERS a)Dealers and brokers must not engage in unprofessional activities such as the use of orders (fictitious or otherwise) for the primary purpose of tracking potential counterparties so that they can deal with them directly. b)No unprofessional conduct or means shall be used to persuade a counterparty to increase [...]
Most of you may not realize it but for the 3rd year running the golfing bankers (or banking golfers) of southern Metro Manila have been engaged in the classic rivalry involving Ateneo and De La Salle. But instead of the hardcourt and hoops, the chosen milieu for these rivals compose of fairways and pin placements. What seemed [...]
Last April 27, 2011, the Money Market Association of the Philippines had its first General Assembly Meeting for the year at the Grand Ballroom of Intercontinental Manila. MART’s outgoing President, Miss Joan G. Policarpio of Deutsche Bank, delivered the opening remarks. She proudly recounted the significant inroads MART made in 2010 towards the development of the [...]
“...financial markets will continue to strengthen and gain new ground under his leadership” “…regulatory changes that led to a stronger banking industry..” “..ably steering the economy to state of stable inflation.” Read Tetangco Reappointment (click here)
UPDATE: MART BASKETBALL LEAGUE 2010 The semi-final cast is complete. Please find the team standings below at the end of the elimination round. Team Standings as of July 23, 2010 W L 1st Gray 5 0 2nd [...]
By: Mia Francesca B. Ibarra To once again commemorate the financial market’s recent developments and accomplishments, PDS Group celebrated its 5th Annual Awards Night last March 2, 2010. The event has been held every year ever since 2005 to honor all the Top Performers in the financial Community. The event was graced with the presence of [...]
By: Chino T. Copuyoc The Money Market Association of the Philippines (MART) had its First General Membership Meeting last April 15, 2010, at the Grand Ballroom of Intercontinental Manila, Makati City. The Guest of Honor & Speaker for that night was Department of Finance Secretary Margarito B. Teves. His speech was entitled "2010: The Fiscal [...]
For the guidance and perusal of MART members, attached is the draft copy of the revised guidelines for GSEDs (Government Securities Eligible Dealers). DOWNLOAD the DRAFT GUIDELINES BY CLICKING HERE
The Annual Election of the Board of Directors of the Money Market Association of the Philippines (MART) for the year 2010 was held last November 13, 2009 at the Bohol Beach Club, Panglao Island, Bohol. The following institutions were elected to constitute the Board of Directors for the year 2010: Institutions No. of Votes Bank [...]