U.S. offshore tax bill in coming weeks: aide (source: Reuters)
April 30th, 2009
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WASHINGTON (Reuters) - The chairman of the U.S. Senate Finance Committee plans to introduce legislation in the coming weeks to give U.S. tax collectors more tools to police offshore tax evasion, an aide to the senator said on Wednesday. (source: Reuters) - News widgets and RSS feeds on Feedzilla.com
Online future trading system best stock
A futures contract refers to an agreement to sell or buy a commodity in a future date. Everything in a future contract is standardized but for its price. All the terms in which the financial instrument or the commodity has to be transferred is established well before the active trading commences, so that neither of the side is vulnerable to uncertainty. The futures contract price is determined on the electronic trading system or in the trading pit of a futures exchange. The internet facilitates access to electronic trading from any corner of the world. This elevates the liquidity in the markets and helps them by making it more attractive to traders. Trading on futures exchanges takes against statutory rules and regulation as a backdrop put down by the commodity futures trading commission of each exchange. These rules and regulations safeguard the trading regardless of the nature whether the trading is done electronically or within the trading pit. However, there are many advantages of the online futures trading. * Leverage. The Futures function on margin means it takes a position to meet the fraction of the total value that is required to satisfy the cash in the trading account. * Commission Costs. Electronic futures contracts trading require no human intervention to sell or buy which means no commission costs and significant savings for the frequent trader. * Liquidity. The participation of speculators brings more liquid in the futures contracts. However, liquidity depends on the actual trade of contracts. Contracts that are traded electronically such as the e-mini’s are liquid, while the commodities that are pit trades such as orange juice or corn are not easily available and are expensive as well to trade. * Futures contracts have the potential to go short * Electronic futures offer the brokers to interface with the trading software directly, which means no human intervention. * Electronic futures do not require any broker to fill any form as orders get filled instantly. Similarly, the online futures trading has several disadvantages such as * Leverage if encouraged with high risk can turn to be disadvantageous. So investment should be done meticulously. * The electronic futures nature of trading is coupled with tight spreads and low commission which encourages the trader to take surplus trades and turns to be another disappointment * Online future trading system offers benefit to the retail trader. So careful trading plan should be formulated to enter this competitive business.
