By: Danica Shasha U. Tan Members of the Money Market Association of the Philippines (MART) channeled their innate competitive drive last Thursday, October 3, 2013, as they participated in MART’s first ever quiz night in Aracama at the Fort Strip. Players relied on teamwork, skill, and most importantly, their potent 4G LTE connections to Google [...]
By: Ms. Cristina Arceo The Money Market Association of the Philippines (MART) joins other financial associations in the very first Junior Philippine Finance and Investment Summit on July 6, 2013 at the SMX Convention Center presented by the CFA Society Philippines. The event, which was attended by about 6,400 finance students and professors from leading [...]
National Treasurer Leah de Leon… Distinguished guests… Fellow members, friends, ladies and gentlemen… 20-13. Many people consider the number 13 to be an unlucky number. I refuse to accept this notion during my term as MART President so I asked my team to do a little research… The number 20 can be represented by the [...]
By: Randy Salonga The Money Market Association of the Philippines (MART) held its First General Membership Meeting last March 15, 2013 at the Grand Ballroom of Intercontinental Manila in Makati City. The event was well-attended by the members coming largely from the banking community and other financial institutions, who witnessed the induction of this year’s [...]
The newly elected board of the Money Market Association of the Philippines (MART), led by its President Michael D. Calleja (Bank of the Philippine Islands) was inducted into office, by no less than, Bangko Sentral ng Pilipinas Governor Amando M. Tetangco, Jr. last February 22, 2013 at the Mabuhay Palace, Manila Hotel in the City [...]
In its first meeting held on January 31, 2013 at Intercontinental Hotel Manila, the MART Board of Directors for calendar year 2013, led by its President Michael D. Calleja, set its tone for the year with the working theme “MART: Breaking Higher Ground @ 42.” The theme was conceived to reflect the Philippines’ bid for [...]
Last June 20, 2012, the Money Market association of the Philippines (MART) held it’s annual dealer’s night at the Opus, Resorts World Manila. MART President, Mr. Raul Victor B. Tan of RCBC welcomed everyone together with other MART officers with a short speech as he wanted everyone to enjoy and take the night off after [...]
MANILA -- The Hyatt Casino and Hotel played host last February 21, 2012 to the recent joint induction of the 2012 Board of Directors for the Money Market Association of the Philippines and ACI The Financial Markets Association. In attendance were this year’s newly-elected Executive Committee members along with the other Board Directors, initiated into [...]
By: Json Clemente MAKATI -- The Money Market Association of the Philippines ushers in 2012 with the theme “MART at 41: At the Forefront of Financial Market Development.” In its first board meeting for the year, the newly-elected Board of Directors remained positive and wished to address the vital role of the association and its [...]
“POST” vs. “NO POST” PRICE QUOTATIONS WITH THE BROKER A “posted price” is a live dealable price given by a dealer to the broker and is intended to be broadcasted to all trading participants in a particular market. On the other hand, a “No Post” price, although unannounced is considered dealable. It will be dealt [...]
A posted price is said to be under negotiation when an interested dealer asks the broker for an improvement or for any flexibility in the price quotation. The improved price should only be shown to the negotiating dealer. If not immediately dealt, the broker may announce the improved price to other dealers as a live [...]
WRONG “BIG FIGURE” PRICE QUOTATION Wrong “Big Figure” or “big fig” price quotation is defined in the trading markets as follows: a) USD/PhP Foreign Exchange Spot as PhP 1.00 off the current spot price e.g. USD/PhP Spot Bid Price USD/PhP 44.10 Erroneous Quotation USD/PhP 43.10 Wrong “Big Fig” 43.00 b) USD/PhP Foreign Exchange Forward and [...]
Sizing-up is an action of an aggressor dealer asking how much more volume can the quoting dealer do on top of the initial volume that was shown for the posted price. a) When an aggressor dealer asks for a bigger volume for a posted price without specifying any amount, and the quoting dealer responds with [...]
“All-or-nothing” price quotation is defined as a price for a specified volume and could only be traded in its entirety. Dealers may give an “all-or-nothing” price quotation for a specific volume above the minimum trading lot for business or economic reasons such as, efficiency in booking or getting the whole volume dealt straight away in [...]
Stuffing takes place when a broker loses a price or makes an erroneous price quotation, and he is being obliged by the aggressor dealer to still honor and complete the missed deal. Usually, the price to cover is worse than the price lost; hence, cost is shouldered by the broker who got stuffed. a. Dealers [...]