Saturday, June 26, 2010

List of online stock brokers in the Philippines

A stockbroker is a person or a corporation authorized and licensed by the Securities and Exchange Commission (SEC) and the Philippine Stock Exchange (PSE) to trade securities. The stockbroker can be a live person or an online system.

Here is a list of registered online stock brokers in the country. Normally with an online broker, you are not assigned a live trader. Instead, you do trading all by yourself using the broker’s online system. Visit each online broker to compare their fees, support and service, and quality of their trading system.
  • AB Capital Securities, Inc.
    Website: www.abcapitalonline.com
  • Accord Capital Equities Corporation
    Website: www.philstocks.ph
  • BPI Securities Corporation
    Website: www.bpitrade.com
  • CitiSecurities, Inc.
    Website: www.citiseconline.com
  • F. Yap Securities, Inc.
    Website: www.2tradeasia.com
  • First Metro Securities Brokerage Corporation
    Website: www.firstmetrosec.com.ph
  • RCBC Securities, Inc.
    Website: www.rcbcsec.com
  • Wealth Securities Inc.
    Website: www.wealthsec.net

Friday, June 25, 2010

Philippine Stock Market

The Philippine Stock Exchange has been continuously educating the public about stock market investing. It is now starting to draw attention from a diverse group of investors from all income levels. The stock market is slowly being noticed as a feasible investment medium despite the economic crisis. A recent study from the Philippine Stock Exchange (PSE) showed that even the middle-income and lower middle-income classes are now investing in the stock market.

It is interesting to note that most of the retail investors trading online earn less than P500,000 a year and more than half of them were 30 to 44 years of age. This group of investors is now presenting a high growth sector for our trading participants. That is according to Val Antonio Suarez, Philippine Stock Exchange (PSE) chief operating officer.

For 2009, the study found that in terms of:

Annual Income:

About a third or 33.8% of those who invest in stocks only earn less than P500,000/year. Including the biggest investors (41%) were those in the earning bracket of between Php500,000 and Php1 million yearly, while the rest (25.3%) belonged to the high-income group or those whose annual salaries amount to more than P1 million. Data on the annual income of investors was gathered from 77 brokers
.

Gender:
Men are more willing to invest in stocks. Total male investor accounts amounted to 69,589 or 56.4% during the period compared with 53,732 women investors’ accounts which represented 43.57%. The data was gathered from a total of 82 brokers.

Age:
A large part of retail investors belonged to the 45 to 59 years bracket at 40.9 percent. Retail investors in the stock market are mostly professionals. Furthermore, most local retail investors or 86.5% are based in Metro Manila.


The study also showed that local investors continued to grab largest portion of trades in 2009 while the number of foreign investors in the stock market was notably higher as sentiment over the recent global economic crisis eased.

Local investor accounts increased 6.7% to 469,467 accounts in 2009 from 440,104 accounts in the previous year. These comprised 98.6%of the total investor accounts registered at the PSE in 2009.

Data was gathered from a survey of 132 active trading participants submitted last December.


Total investor accounts meantime rose 7.1% to 476,194 accounts from the previous year’s total of 444,680. Of this, foreign investor accounts only represented 1.41% or 6,727 accounts. Despite this, foreign investor accounts grew by a remarkable 47% in 2009 from 4,576 accounts in 2008.


Retail accounts or those owned by individuals grabbed 94.4% or 449,545 of the total investor accounts in 2009. The remaining 5.6% or 26,649 were institutional investor accounts or those held by corporations. Initiatives of the PSE include integrating capital market topics in high school and for college students through business administration courses. The PSE is also studying the possibility of institutionalizing a degree program that is focused on capital markets. The introduction of capital markets at an early stage in the Philippine education system forms a base of future investors. By doing this, the public realizes the importance of savings and investments which also contribute to several economic benefits.

Wednesday, June 16, 2010

Forex Trading

Forex trading is an international exchange market whose daily average turnover is more than 1.5 trillion dollars. The word “FOREX” is abbreviated as FOREIGN EXCHANGE and in broad manner we would say it’s a market where one currency is traded for another and this is done in the hope that one can make profits on any losses or gains in the movement of currencies.

The trade of currencies is done in pairs i.e., the currency which one buy’s in the belief that in future its price will rise, the trading term related to this is called “the long position” and the other to sell in belief that its value will fall in future and the profit is made by buying it back on the lesser value, and the trading term related to this is called “the short position”.

The whole profit making in FOREX depends upon the movement between the 2 currencies which is not so high, so to make huge profits, one has to buy hundreds of dollars worth of currency at a time. Independent brokers and currency dealers make up a small percentage of FOREX TRADING but the major part comes from the banks, investment management firms and brokerages and according to The Wall Street Journal, the top ten currency traders which includes Deutsche Bank, UBS, HSBC, Barclays, etc., account for almost 73% of trading volume.


The trading can be done 24 hours a day except on the weekends, so it provides great opportunity for FOREX traders to work at their own conveniences. Due to its extreme liquidity and very high trading volume, the foreign exchange market is quite unique, but it said that FOREX TADING is not as easy as it seems so. A person new to FOREX TRADING should brush up his skills before getting his hands wet and should study both fundamental & technical analyses.

source: dailyarticle.com; photo from www.forexbreakthrough.com

Wednesday, June 9, 2010

How to get a BFAD license

How to Apply for a License to Operate (LTO)

Registration for New Clients
  1. Is this the first time you will transact with BFAD? Register at the Client Management Console to get your account number and gain access to the web portal of BFAD. This is where you will regularly transact with BFAD after registration.
  2. After registration, you may apply for initial issuance of LTO through the Client Management Console.

Application

STEP 1. Classify your product(s)

Products regulated by BFAD fall under any of the following product classes:
  • drugs
  • medical devices
  • diagnostic re-agents
  • food
  • cosmetics
  • household hazardous substances

STEP 2. Classify your establishment.

Based on activities the establishment is engaged in, the establishment can be classified under any of the following establishment categories:

Establishment Category Activities

Manufacturer Purchases Raw Materials and Packaging Materials

Produces the product (in own plant or outsourced to a toll manufacturer)

Packs finished products

Maintains inventory of input materials, goods-in-process, and finished products


Distributes finished products

Distributor Purchases finished products

Distributes finished products

Retail Outlet (Drug Outlets only)
  • Drugstores (private or government)
  • Hospital Pharmacies (private or government)
  • Retail Outlet of Non-prescription Drugs
Purchases finished products or compounds and dispenses prescription and/or non-prescription drugs

Your establishment can be further classified based on additional activities that make the establishment fall under any or all of the following establishment types.

ESTABLISHMENT TYPE ADDITIONAL ACTIVITIES

Importer


Purchases products from foreign suppliers (referred to as “sources”), whether:

* Raw materials and packaging materials of manufacturers or
* Finished products of distributors

The country where the source operates is referred to as “country of origin”.

Exporter

Distributes or sells products to foreign buyers

The country where the buyer operates is referred to as “country of destination”

Wholesaler

Purchases finished products from local suppliers and/or distributes or sells the products to local buyers

STEP 3. Determine the LTO Type required by your establishment.

LTO type is determined by the product class plus the establishment category and the establishment type.

For example, your establishment may need the LTO of a:
  • Food distributor/importer
  • Food manufacturer/exporter
  • Drug manufacturer
  • Cosmetics Distributor/importer/wholesaler

STEP 4. After determining the LTO Type, determine the type of application you shall apply for:

TRANSACTION TYPE DEFINITION
Initial Issuance of LTO Issuance of License to Operate prior to opening of the establishment and start of operations

Renewal of LTO Extension of validity of the LTO after inspection and approval of BFAD

Amendment of LTO Re-issuance of LTO to reflect changes in circumstance of the establishment, after approval of BFAD

Change in ownership

Change in Establishment Name

Transfer of location of facilities

Addition or deletion of activities

Addition or deletion of products

Addition or deletion of sources

Change in name and address of sources

Replacement of lost LTO


STEP 5. Submit application online and pay processing fees

Now you are ready to access the applicable set of checklist of requirements, fees, and laws and regulations for the LTO type and transaction type you will apply for.

Prepare your application documents and apply online through the Client Management Console.

Pay through the payment option most convenient for you.

source: http://www.entrepreneur.com.ph

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