Customs Broker Quotes

It is our own experiences that restrict us from considering the possibility that there are experiences and customs and practices and cultures beyond our own that are equally valid.

Parts of rural China are seeing a burgeoning market for female corpses, the result of the reappearance of a strange custom called "ghost marriages." Chinese tradition demands that husbands and wives always share a grave. Sometimes, when a man died unmarried, his parents would procure the body of a woman, hold a "wedding," and bury the couple together... A black market has sprung up to supply corpse brides. Marriage brokers—usually respectable folk who find brides for village men—account for most of the middlemen. At the bottom of the supply chain come hospital mortuaries, funeral parlors, body snatchers—and now murderers. —"China's Corpse Brides: Wet Goods and Dry Goods" The Economist, July 26, 2007

Amazon made its first 10x improvement in a particularly visible way: they offered at least 10 times as many books as any other bookstore. When it launched in 1995, Amazon could claim to be “Earth’s largest bookstore” because, unlike a retail bookstore that might stock 100,000 books, Amazon didn’t need to physically store any inventory—it simply requested the title from its supplier whenever a customer made an order. This quantum improvement was so effective that a very unhappy Barnes & Noble filed a lawsuit three days before Amazon’s IPO, claiming that Amazon was unfairly calling itself a “bookstore” when really it was a “book broker.

Under the influence of ignorance and custom, the day's pay of a country labourer will remain for a long time at a franc, while the saleable price of all the articles of consumption around him will be rising. He will sink into destitution without being able to discover the cause. In short, since you wish me to finish, I must beg you, before we separate, to fix your whole attention upon this essential point:--When once false money (under whatever form it may take) is put into circulation, depreciation will ensue, and manifest itself by the universal rise of every thing which is capable of being sold. But this rise in prices is not instantaneous and equal for all things. Sharp men, brokers, and men of business, will not suffer by it; for it is their trade to watch the fluctuations of prices, to observe the cause, and even to speculate upon it. But little tradesmen, countrymen, and workmen, will bear the whole weight of it. The rich man is not any the richer for it, but the poor man becomes poorer by it. Therefore, expedients of this kind have the effect of increasing the distance which separates wealth from poverty,

The fragility of the US economy had nearly destroyed him. It wasn't enough that Citadel's walls were as strong and impenetrable as the name implied; the economy itself needed to be just as solid. Over the next decade, he endeavored to place Citadel at the center of the equity markets, using his company's superiority in math and technology to tie trading to information flow. Citadel Securities, the trading and market-making division of his company, which he'd founded back in 2003, grew by leaps and bounds as he took advantage of his 'algorithmic'-driven abilities to read 'ahead of the market.' Because he could predict where trades were heading faster and better than anyone else, he could outcompete larger banks for trading volume, offering better rates while still capturing immense profits on the spreads between buys and sells. In 2005, the SEC had passed regulations that forced brokers to seek out middlemen like Citadel who could provide the most savings to their customers; in part because of this move by the SEC, Ken's outfit was able to grow into the most effective, and thus dominant, middleman for trading — and especially for retail traders, who were proliferating in tune to the numerous online brokerages sprouting up in the decade after 2008. Citadel Securities reached scale before the bigger banks even knew what had hit them; and once Citadel was at scale, it became impossible for anyone else to compete. Citadel's efficiency, and its ability to make billions off the minute spreads between bids and asks — multiplied by millions upon millions of trades — made companies like Robinhood, with its zero fees, possible. Citadel could profit by being the most efficient and cheapest market maker on the Street. Robinhood could profit by offering zero fees to its users. And the retail traders, on their couches and in their kitchens and in their dorm rooms, profited because they could now trade stocks with the same tools as their Wall Street counterparts.

A customer oriented realtor not only finds you a good home, he also finds you a good neighborhood.

The purpose of real estate agent should be to create a customer who creates customers.

Lange Insurance Consulting provides free health and Medicare insurance services. We work with all the major companies to offer the best prices available. We will help you find a plan that meets both your needs and your budget. We specialize in individual health and Medicare supplement plans. We also offer Medicare Advantage, Prescription Drug plans, short term health, dental and vision. As independent brokers we work for you, the customer.

If you haven’t had the pleasure of physically comparing different Wall Street trading floors, you needn’t bother. They are all basically alike. The floor itself is a checkerboard of stained carpet squares covering a maze of twisted wires and electronic equipment. These removable squares serve as the lid of a massive trash can, and hidden below are dozens of half-empty Chinese food containers and mice. (Mice love trading floors, and banking employees are constantly discussing creative ways to trap and kill them.) If you stop by virtually any trading floor on Wall Street, this is what you will inevitably encounter: Hundreds of telephones are ringing. Television monitors are blasting news and flashing scattered bond quotes. One of the checkerboard squares is upended, and several maintenance men are taking a break to yell at each other in front of a pile of circuits and cables. Dozens of traders and salespeople are standing at three-foot intervals face-to-face at several long rectangular desks, which are stacked with a rainbow of colorful computers, flashing monitors, blue Reuters and green Telerate screens, beige Bloomberg data systems, and customized black broker quote boxes.

Lion Capital was another small broker-dealer based in New York that filed for bankruptcy two years later in May 1984. Their fraud was even worse than Lombard-Wall. Whereas Lombard-Wall had mis-priced securities, Lion Capital had taken the securities out of the customer accounts and used them to pledge as margin to fund their own trading operations.

THE BUSINESS OF SELLING SLAVES had been changing in Charleston. It was no longer as picturesque as it had been when William Makepeace Thackeray first visited. In 1856, the city decided the auctions near the Old Exchange and Custom House were out of hand, and the various slave brokers started opening up their own showrooms, with pens outside to hold the chattel.

An old Wall Street joke gets close to our experience: Customer: Thanks for putting me in XYZ stock at 5. I hear it’s up to 18. Broker: Yes, and that’s just the beginning. In fact, the company is doing so well now, that it’s an even better buy at 18 than it was when you made your purchase. Customer: Damn, I knew I should have waited.

For bankers, lawyers, accountants, brokers and company formation agents looking to score big, the only thing standing in their way has been “Know your customer” (KYC), the lame excuse for a sure fire way to disrupt the business of making money by moving money. 

A broker was expected to find the best possible price in the market for his customer. The Goldman Sachs dark pool—to take one example—was less than 2 percent of the entire stock market. So why did nearly 50 percent of the customer orders routed into Goldman’s dark pool end up being executed inside that pool—rather than out in the wider market? Most of the brokers’ dark pools constituted less than 1 percent of the entire market, and yet somehow those brokers found the best price for their customers between 15 and 60 percent of the time.

We discovered, to give one example, that our client’s three top brokers handled the 10 biggest accounts. By sharing these big accounts out among more brokers, and by dedicating one senior and one junior broker to each of the three largest customers, we actually increased total sales from these accounts. Rather than divide up the pie more fairly, we increased the size of the pie. Thus, 80/20 gave us a jump-start in solving the client’s problem.

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Brokers could spread their geographical presence through the length and breadth of nation and subsequently reach out customers who otherwise would never have gotten the chance to venture into stock investment. Auction, bidding, negotiation and what not, everything takes place at computer terminals. In the old system of outcry auction calling out the price on the trading floor, everyone would know which broker actually trades. But in the new system anonymity is maintained. You can play with millions of shares with cup of tea in one hand and puff of cigarette on the other. There

Senior managers at the Royal Bank of Canada were now arguing that the bank should create a Canadian dark pool, route their Canadian customers’ stock market orders into it, and then sell to high-frequency traders the right to operate inside the dark pool. Brad thought that it made a lot more sense for RBC simply to expose the new game for what it was, and perhaps establish themselves as the only broker on Wall Street not conspiring to screw investors. “The only card left to play was honesty,” as Rob Park put it.

Numbers like that terrified the utilities and the Koch network, and so they set to work. An industry trade group warned that utilities faced “a death spiral.” As customers began to generate more of their own electricity from solar panels on their roofs, utility revenues would begin to decline, and the remaining customers would have to pay more for the poles and wires that keep the grid alive, increasing the incentive for the remaining customers to leave. Instead of figuring out (like some California and New York utilities) how to profit from that transition by brokering energy efficiency, Arizona utilities mustered their political power to simply block change.

In 2008, Citadel bought a stake in the online broker E*Trade, which was foundering in the credit crisis. The deal stipulated that E*Trade route some percentage of its customers’ orders to Citadel. At the same time, E*Trade created its own high-frequency trading division, eventually called G1 Execution Services, to exploit the value of those orders for itself. Citadel’s founder and CEO, Kenneth Griffin, pitched a fit, and called out E*Trade for failing to execute its customers’ orders properly.

Third is understanding the power of incentives. A financial bubble might seem irrational, but the people who work in industries that are in bubbles—mortgage brokers in 2004 or stockbrokers in 1999—make so much money from them that there’s a powerful incentive to keep the music playing. They delude not only their customers but themselves.

In fact, the Federal Reserve was helpless only because it wanted to be. Had it been determined to do something, it could for example have asked Congress for authority to halt trading on margin by granting the Board the power to set margin requirements. Margins were not low in 1929; a residue of caution had caused most brokers to require customers to put up in cash 45 to 50 per cent of the value of the stocks they were buying. However, this was all the cash numerous of their customers had.

If you don't find a good deal for your customer, your competitor will.

A margin call is a demand for additional collateral from a customer who has borrowed money from his broker to buy stocks and whose stocks are now worth barely enough to cover the loan.

and Kai Lord. I can’t see where their paths would naturally cross. Before moving back in with her mother Kelly rented a converted flat in a decent street in Netherton neither close to Hollytree nor Tavistock Road. So, there had to be a broker that put them in touch with each other.’ ‘I’ll dig a bit on that,’ Penn offered. ‘We also got a lead on a customer that works with kids and apparently he’s a bit weird,’ she said, emphasising the word weird. ‘We’re heading over to the community centre on Hollytree to see if anyone there knows him, and we collected registration numbers of potential punters and witnesses.’ ‘Not all we did last night, was it, guv?’ Bryant asked, raising an eyebrow. ‘There was an attempt from one of Kai’s minions to hand over a girl to

Though many details of these schemes are either complex or not yet public knowledge, one of the mechanisms is. Some exchanges, such as NASDAQ, let HF traders peek at customer orders ahead of everyone else for thirty milliseconds before the order goes to the exchange. Seeing an order to buy, for instance, the HF traders can buy first, pushing the stock price up, then resell to the customer at a profit. Seeing someone’s order to sell, the HF trader sells first, causing the stock to fall, and then buys it back at the lower price. How is this different from the crime of front-running, described in Wikipedia as “the illegal practice of a stock broker executing orders on a security for its own account while taking advantage of advance knowledge of pending orders from its customers”?

Whilst writing this chapter I examined the accounts of a large UK CFD and spread betting provider. They made an average of $1,379 in revenue per customer. Revenue for a brokerage company is a cost for their customers. The customers had an average of $500 on deposit with the brokers at the end of the year. Running a brokerage firm is clearly more lucrative than being a client. According to an old story, a naive client visiting New York and admiring the boats of bankers and brokers asked: “Where are the customers’ yachts?” Every time you trade you remove some money from your account and hand it to your broker. Limit your trading to the absolute minimum. Do not assume you will make sufficient profits to cover costs which are inflated by overtrading. Those

Investment In Real Estate Is A Worthwhile Endeavor Several factors has to be studied by any individual who is planning an investment in real estate. For example, if business properties are desired, the client should are aware of they may be targeting certain conditions that aren't typically seen with residential properties. Nonetheless, for the appropriate particular person, and for those who plan fastidiously and receive good recommendation, this feature investment will be highly profitable. Individuals looking for commercial properties can certainly find that there are numerous kinds of institutions by which to come up with selection. For instance, an individual should purchase a restaurant or lodge, or invest in a retail store. The consumer may also select to buy an investment property comparable to your rent amount advanced and make an income from leaseing every unit. Office constructings can also be a smart selection, as tenants will likely be seen reasonably ardmore three wheelock quickly. It's fundamental, nevertheless, to buy such properties in nearly anything that receives beneficiant traffic. Most commercial institutions fail if they can't appeal to a steady transfer of customers. Buying residential property is something customers may additionally wish to think about that these planning to decide on their investment portfolios. For instance, an individual may decide to obtain a dwelling that have been renovated. Sometimes called "handyman specials, " such properties will be repaired which can offered during profit. Fortuitously, usually they are cheaper than properties that are in good repair. It is also a possibility to build an ad or residential property can be an investment. Builders who've satisfactory money to finance exceptionally challenge made having a tract of land and fill homes for it on the market to the general public. However, as soon as again, it is essential to pick a location carefully, as it may possibly nominal good to supply homes for sale in a part of the country in which nobody wants to live. Purchasing the primary property one finds is rarely a clever program of action. Instead, it is always the most effective interest match investor to comparability store attempting to discover at a couple of home or business earlier than making a final decision. It will make sure that the excellent ill use made. It can be more suitable obtain authorized advice every time one is planning to purchase various types property. This is even if that the buyer must have assurance that the property just isn't encumbered, and he or she can even want knowledgeable to make all the paperwork regarding the transaction is legal. Finally, individuals planning an investment in real estate will find that it plan of action is sensible, supplied they plan with care and hire a reliable broker to supervise their transactions.

Léon Rom, for example, was born in the provincial Belgian town of Mons. He enlisted in the army at the age of sixteen, but did not have enough education to become an officer. He then worked as a bookkeeper with a firm of customs brokers, but quickly tired of that. He came to the Congo in search of adventure in 1886, at the age of twenty-five. At a time when there were only a few hundred white men in the entire territory, his progress was rapid. Rom soon found himself district commissioner at Matadi, and in that capacity presided over the first civil marriage ceremony of a white couple in the Congo state. He next served briefly as a judge. With so few whites running the vast colony, there was no clear line between civilian and military functions, and Rom was soon put to work training black troops for the Force Publique. The pay was good, too; once promoted to captain, he earned 50 percent more than a colonel in the Belgian Army back home.

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