Category Archives: Business

Market Rates Insight’s New Integrated Study on Service Fees Reveals Lifestyle Financial Services Will Pay Off for Financial Institutions

First Ever Consumer Service Fee Study Shows High Desire for and Willingness to Pay More to Banks and Credit Unions for Convenience Services That Deliver Concrete Value.

SAN ANSELMO, Calif. (May 22, 2012) — The results of the first Integrated Study on Service Fees designed to gauge consumer acceptance of fee-based services from banks and credit unions reveal that consumers are willing to pay more for “lifestyle financial services.” Market Rates Insight, Inc. (MRI, http://www.marketratesinsight.com), a leader in pricing intelligence for deposits, personal loans, mortgages, and fees, conducted this nationwide consumer study to give banks and credit unions empirical data to help them reduce the risks associated with consumer backlash from service fees, and identify new sources of revenue from value-based services that consumers want.

The study is expected to prove valuable for banks and credit unions, giving them insight to compete effectively with larger institutions offering lifestyle financial services. Those new services have a higher perceived value and promote greater consumer loyalty such as credit score monitoring, identity theft alerts, mobile banking services, personalized couponing services, person-to-person payments, and other services. The study includes an in-depth analysis of consumer preferences and perceived value for such services, as well as a competitive overview of these same services from the top five U.S. banks. The findings are based on a national sample of 1,500 consumers and are broken down by demographic data such as age, gender, income, and other criteria.

Consumers indicated they are willing to pay on average $3.63 for lifestyle financial services that deliver convenience and efficiency, and credit union members indicated a higher likelihood to use such services (68.7%) than bank customers (66.3%). Foremost among the services that consumers indicated they would seek from financial institution is Identity Theft Alerts. More than 82 percent of those surveyed indicated they would be likely to buy Identity Theft Alert services from their bank or credit union at an average monthly fee of $4.07. Ranking second was Credit Score Reporting, with more than 73 percent indicating they were likely to buy this service at an average fee of $3.39 per month.

“Financial institutions continue to see revenue from fees for traditional banking services shrinking. In fact, income from service fees on deposit accounts declined 13 percent between 2007 and 2012,” said Dr. Dan Geller, Executive Vice President of Market Rates Insight and the architect of the study. “With continued low interest rates, banks and credit unions need to develop new revenue models based on fees consumers are willing to pay for. Our new study reveals the importance of this new class of lifestyle financial services; those services that consumers want, and that will soon uses as a criteria to determine whom they will trust with their money.”

Traditionally, financial institutions have based their decisions about setting service fees on the competitive landscape for similar services. However, consumers have demonstrated they are no longer interested in paying fees for services that have no perceived value. The new Integrated Study on Service Fees points toward a new approach by assessing consumers’ preferences on price sensitivity with the competitive landscape reveal what consumers want, what they are willing to pay, and where the market opportunities lie. The first-of-its-kind consumer survey helps financial executives reduce risk from making poor fee decisions, and increases the probability of generating incremental income from new services.

The Integrated Study on Service Fees is available as a comprehensive report assessing all seven lifestyle financial services. Individual reports also are available for credit score services, identify theft protection, personalized couponing, prepaid reloadable cards, overdraft protection, personal money transfer, and mobile remote deposit capture. Each study features consumer research on preferences and perceived value, as well as demographic segmentation.

For more information, contact Market Rates Insight at info@marketratesinsight.com.

About Market Rates Insight
For more than two decades, Market Rates Insight (MRI) has been helping clients price with precision by providing banks, thrifts, credit unions, and other financial institutions with comprehensive market intelligence on deposits, loans, and fees. MRI uses deposit surveys, mortgage and consumer loan surveys, fees and features studies, new product alerts, benchmarking and market share analysis to give subscribers the intelligence needed to strategically position products, optimize pricing and react to emerging trends. MRI’s products include web-enabled, customizable report programming, proprietary product research tools, searchable databases, market alerts, and online dashboards that aggregate key client data to provide real-time interactive views on how they rank against their specific competitors.

Market Rates Insight is located in San Anselmo, California. For more information, see http://www.marketratesinsight.com.

Photos available upon request

For additional information contact:
Tom Woolf
Market Rates Insight
(415) 259-5638
tom.woolf@marketratesinsight.com

Why Ultra High-Frequency Trading Does Matter at The Speed Traders Workshop 2012 Beijing

After Hong Kong, Sao Paulo, Seoul, Kuala Lumpur, Warsaw and Kiev, Edgar Perez’, author of The Speed Traders, Bringing The Speed Traders Workshop 2012 to China, Beijing, May 30, and Shanghai, June 6.

(May 22, 2012, New York) — It was recently reported by Reuters that China is not ready to introduce high-frequency trading (HFT), according to Wu Xiaoling, former deputy governor of the People’s Bank of China, who spoke at the 37th annual conference of the International Organization of Securities Commissions in Beijing. However, Wu, also deputy director of the Financial and Economic Affairs Committee and a Standing Committee Member, said that HFT may technically boost the market’s efficiency.

Why high-frequency trading matters for financial capitals not only in China but worldwide will be reviewed by Mr. Edgar Perez, author of The Speed Traders, An Insider’s Look at the New High-Frequency Trading Phenomenon That is Transforming the Investing World (http://www.thespeedtraders.com), who will present at The Speed Traders Workshop 2012 Beijing, “How Algorithmic and High Frequency Traders Leverage Profitable Strategies to Find Alpha in Equities, Options, Futures and FX” (http://www.TheSpeedTradersWorkshop.com), May 30.

The Speed Traders Workshop 2012 Beijing will be extremely helpful for all delegates who are working in finance and investments, from financial institutions, investment/ banks, hedge funds, pension funds, broker dealers, consultancy groups, prime brokers, solution providers and exchanges, who wish to gain a thorough understanding and practical knowledge of high-frequency trading.

High-frequency traders have been called many things, from masters of the universe and market pioneers to exploiters, computer geeks, and even predators. Everyone in the business of investing has an opinion of speed traders, but how many really understand how they operate? The shadow people of the investing world, today’s high-frequency traders have decidedly kept a low profile, until now. The Speed Traders Workshop 2012 Beijing will reveal how high-frequency trading players are succeeding in the global markets and driving the development of algorithmic trading at breakneck speeds from the U.S. and Europe to India, Singapore and Brazil.

Edgar Perez is widely regarded as the preeminent speaker in the specialized area of high-frequency trading. He is author of The Speed Traders, An Insider’s Look at the New High-Frequency Trading Phenomenon That is Transforming the Investing World, published by McGraw-Hill Inc. (2011) and currently being translated into Chinese and Portuguese and course director of The Speed Traders Workshop 2012, How High Frequency Traders Leverage Profitable Strategies to Find Alpha in Equities, Options, Futures and FX (Hong Kong, Sao Paulo, Seoul, Kuala Lumpur, Warsaw, Kiev, New York, Singapore, Beijing, Shanghai, Jakarta, London, Mexico City, Moscow, Dubai and Chicago).

Mr. Perez has been featured on CNBC Cash Flow (with Oriel Morrison), CNBC Squawk Box (with Geoff Cutmore), BNN Business Day (with Kim Parlee), TheStreet.com (with Gregg Greenberg), Channel NewsAsia Business Tonight and Cents & Sensibilities (with Lin Xue Ling), NHK World, iMoney Hong Kong, Hedge Fund Brief, The Wall Street Journal, The New York Times, Dallas Morning News, Valor Econômico, The Korea Herald, FIXGlobal Trading, The Korea Times, TODAY Online, Oriental Daily News and Business Times.

Mr. Perez has been engaged to present to the U.S. Securities and Exchange Commission, CFA Singapore, Hong Kong Securities Institute, Courant Institute of Mathematical Sciences at New York University and Pace University, among other public and private institutions. In addition, Mr. Perez has spoken at a number of global conferences, including Harvard Business School’s Venture Capital & Private Equity Conference (Boston), High-Frequency Trading Leaders Forum (New York, Chicago, London), MIT Sloan Investment Management Conference (Cambridge), Institutional Investor’s Global Growth Markets Forum (London), Technical Analysis Society (Singapore), TradeTech Asia (Singapore), FIXGlobal Face2Face (Seoul) and Private Equity Convention Russia, CIS & Eurasia (London).

Contact:
Julia Petrova
Media Relations Coordinator
The Speed Traders
516-761-4712
jpetrova@thespeedtraders.com
http://www.thespeedtraders.com

etc.venues Discard London Travel Worries

etc.venues, owners of purpose built luxury conference centres in London and Birmingham, are today reacting to suggestions London’s entire transport network will be affected during this summer’s Olympic Games; claiming organisers are ‘overly exaggerating’ the situation and ultimately discouraging travel in the capital.

With the Games fast approaching there are concerns London’s ageing transport network will be unable to handle increases in passenger traffic – leading to major disruptions and congestion on the capitals roads, rail lines and underground tube lines during the event.

Organisers are already exercising caution with advertisements scattered throughout the city urging resident Londoner’s and commuters to plan their journeys before using public transport networks. However Alistair Stewart, managing director at etc.venues, believes Olympic officials are only adding to existing visceral doubts over the city’s transport networks and goes on to claim only certain areas will be affected by the Games itself.

“ Of course there will be disruptions- that’s a given during such a popular event- but with all these exaggerated warnings of congestion, road grid-lock, etc., organisers are putting fans and commuters off travelling into London altogether .” says Mr Stewart

“ It won’t be busy everywhere . According to recent reports by Transport for London (Tfl) 70% of roads in the capital will not be affected by the Games directly. It’s a similar story for the London Underground: only 35% of stations have been identified as ‘busier than usual’ .”

“ The best advice is to take heed of the information given, consider route changes and re-time your travel plans if need be. ”

With ten London conference venues, etc.venues is considered one of the capitals leading training and conference producers. And despite the Tfl admitting that business in London is expected to drop by 20%, etc.venues is still opening its doors to clients throughout the duration of the Games.

“It’s business as usual for us. We want our clients to travel into London during the Games. Not only can they organise their events, they can soak up the amazing atmosphere and buzz created across the city.”

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Label Yourself Unveil Money-Saving Offer

Label Yourself, one of Europe’s leading producers of personalised clothing labels, wristbands and woven name labels, have announced the launch of a brand new money-saving offer giving customers 25% off when they purchase a Label Yourself name tag pack online.

The offer pertains to customers purchasing a name tag pack via the supplier’s own website, where a massive 25% will be deducted off the price upon finalising the checkout purchase.

The name tag pack is one of Label Yourself’s most popular selling products and includes 100 easy iron-on labels, 100 self-adhesive sticker labels and a water-resistant textile pen- perfect for labelling anything from clothes to CDs and DVDs.

Upon purchase customers will even have the option to submit up to five lines of text to be printed onto their iron-on labels and adhesive stickers, as well as choosing a favourite font-type and logo.

Commenting on the launch of the money-saving offer, a spokesperson for Label Yourself said today:

“ We’re constantly striving to offer our customers the very best in terms of quality and pricing, so we’re delighted to kill two birds with one stone and unveil our brand new 25% savings deal on our popular name tag pack.”

“This great offer will only be available for a limited time early so visit the Label Yourself website to avoid disappointment.”

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The RoboShower™ Brings A Transforming Touch To Your Daily Shower

The RoboShower™ is a patent pending shower head system that was designed by Mr. Audie Norr, a local inventor and designer. The RoboShower™ aims to take showering and the relaxation that it can provide to another level.

The RoboShower™ is rectangular in design with over 20” double-wide adaptable and one-of-a-kind head. This is to ensure that practically anyone will be able to receive adequate coverage of water flow while showering. Inventor, Mr. Audie Norr, did however keep a host of body types and sizes in mind with the design, and equipped the RoboShower™ with the ability to go from rectangular to a triangle shape to allow users to be able to manipulate the RoboShower™ to best fit their coverage needs.

The RoboShower™ also comes packaged with a shower Extension Arm and plumbers Thread Seal tape for security and mounting. The colors of choice for the RoboShower™ are silver and blue.

RoboShower™ inventor, Mr. Audie Norr, had two primary goals in mind when designing the RoboShower™. He wanted to provide the general public a shower system that gives options for waterfall coverage with the ever growing differentiation of body sizes of consumers today, as well as provide a shower system that was eco-conscious by saving on overall water usage.

When asked how he ultimately feels about the RoboShower™, Mr. Norr, states:

“When you buy your first RoboShower™, and I say first because you will fall in love with the ease in how your shower water cascades all over you, you will become a lifetime fan. But more importantly, you will be standing in the shower beholding a Patent pending, adaptable, and only one of its kind shower system in the world, how cool is that?”

Mr. Audie Norr is a Dallas, Texas based inventor and designer. He is continuously committed to inventing and presenting to the public products that are unrivaled, eco-conscious, and that deliver a solution to an ever growing concern from the general public.

For Additional Media Inquiries, Please Contact: Mr. Audie Norr, Inventor and Designer for RoboShower™ or visit the website – http://www.buyroboshower.com/.

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FRA calls for Rousseff Forestry Act Veto

FRA is joining the campaign to increase pressure on Brazilian President, Dilma Rousseff to veto the Forestry Bill.

Seattle, United States, May 21, 2012 — Forestry Research Associates (FRA) is joining the campaign to increase pressure on Brazilian President, Dilma Rousseff to veto the Forestry Bill.

FRA, a research and analysis consultancy specialising in sustainable forestry and forestry investments, has added its voice to those of environmental groups all over the world who are campaigning for the forestry bill to be thrown out by the popular president. The bill would allow those carrying out illegal logging to get away without paying fines through an amnesty. It would also open up areas of forest to loggers to make way for the cultivation of riverbanks regions.

During Rousseff’s campaign trail in 2010, she promised to veto the bill, which campaigners claim threatens the future of the Amazon rainforest and the un-contacted tribes that live in its depths.

The current laws ensure that around 80 per cent of the privately owned land in the Amazon remain as forest, while the new bill would allow landowners to cultivate more of this land.

FRA said that the bill represents a major threat to the good work that the Brazilian government has done over the past decade to try to limit deforestation. It said that the moves to draw industry away from the use of forest timber and towards the use of timber grown in sustainable plantations, such as those run by investment firms like Greenwood Management, has helped to significantly reduce the rate at which rainforests are being destroyed in the Latin American country.

“This bill represents the largest threat to the Amazon that we have seen for years,” stated FRA’s analysis partner Peter Collins.

He added, “We call upon President Rousseff to fulfil her pre-election manifesto by vetoing the plans to open up more of the Amazon to agriculture and development. We are also against the amnesty for illegal loggers that sends the wrong message to those involved in the practice all over the world.”

About Forestry Research Associates

Forestry Research Associates is a research and advisory consultancy that focuses on forestry management, sustainability issues and forestry investment around the globe.

Media Contact:
Peter Collins
Forestry Research Associates
620 Vineyard Lane
Bainbridge Island, WA 98110
(206) 316 8394
info@forestry-research.com
http://www.forestry-research.com

Tasmania and China Emerging as Centres for Wine Investment, claims AAA

An international magazine has claimed that China and Tasmania top the list as the two best places to invest in wine, according to an alternative investment advocacy group AAA.

Boston, MA, USA, May 21, 2012 — An international magazine has claimed that China and Tasmania top the list as the two best places to invest in wine, according to an alternative investment advocacy group Alternative Asset Analysis (AAA).

The Drinks Business publication has won praise from the alternative investment industry and particularly from AAA for its Top 10 Vineyard Investments article. It found that some of the more unusual regions offer the best opportunities for investors to see decent returns from their investments in wine making.

For example, Tasmania was cited as a great option as the climate is cooler than Australia, meaning that sparkling wines and good Pinot Noirs can be produced. The land is also cheaper and there is a lack of pests and plentiful water.

China was voted the top location for similar reasons – including the low price of land – ensuring that anyone that invests in the alternative asset class there will see a larger return than those who invest in more established wine-making regions. Chinese people have become avid wine drinkers over recent year to the market is already there.

Tasmania’s minister for economic development, David Burne, said, “Our island offers water availability, soil, land affordability, branding and biosecurity advantages over many popular wine regions.”

More and more people are interested in investing in alternative asset classes as a response to the volatility of the equity markets, explained AAA. The organisation’s analysis partner, Anthony Johnson, claims that the move towards alternative asset classes, such as fine wine, agriculture, forestry and timber products, real estate is intended to diversify investment portfolios against risk.

He stated, “Investing in alternatives is an understandable reaction to the economic collapse and the continuing volatility within the eurozone.

“It’s difficult to product what stock and shares will be doing in a year’s time, but it’s much easier to predict that trees will grow and wine will be made, bottled, and sold on at a premium.”

About Alternative Asset Analysis:
The remit of Alternative Asset Analysis is to analyse and provide news on the global performance of a wide range of alternative asset classes including, but not restricted to, commodities, real estate, forestry, foreign exchange, hedge funds, private equity and venture capital.

Media Contact:
Anthony Johnson
Alternative Asset Analysis
71 Commercial St
Boston, MA 02109-1320
617-939-9596
info@alternativeassetanalysis.com
http://www.alternativeassetanalysis.com

China, Korea, Japan Forestry Agreement is Great news for Environment says FRA

FRA has stated that the signing of a sustainable forestry agreement between China, the Republic of Korea and Japan is an “extremely positive move” in the fight against desertification and deforestation.

Bainbridge Island, WA, May 18, 2012 – Forestry Research Associates (FRA) has stated that the signing of a sustainable forestry agreement between China, the Republic of Korea and Japan is an “extremely positive move” in the fight against desertification and deforestation.

The three nations met at the Fifth Trilateral Summit Meeting over the past two days. They each signed an agreement to try to increase sustainable forestry management in their countries in a move that will help to bring down their carbon emissions as additional trees means more CO2 being absorbed from the atmosphere.

The joint statement of cooperation will ensure that all three nations take the conservation and management of sustainable forests seriously and as part of their wider environmental goals. The statement made by the three countries stated: ‘We, the leaders of the People’s Republic of China, the Republic of Korea and Japan, recognizing that the realization of economic, social and environmental benefits of forests is one of the important means to achieve the Millennium Development Goals (MDGs) given the renewable, diverse and multi-functional nature of forests.’

They added, ‘We recognized that sustainable forest management is the perpetual theme in ecological improvement and the pursuit of sustainable development, and facilitates efforts to tackle climate change, conserve biodiversity and promote green growth among the three countries.’

FRA, which supports the sustainable management of forests and investment in managed forestry projects such as those run by Greenwood Management in Brazil. The organization’s analysis partner, Peter Collins, stated, “We welcome the news of the this new agreement.”

FRA has long been an advocate of viewing forests as valuable when they are standing as well as when they are harvested and made into timber products. “What countries all over the world are beginning to realise is that trees hold a financial value when they are standing and forming part of a forest due to their carbon absorption qualities. This could soon be worth more than the timber products they could be chopped down to make,” added Mr Collins.

Contact:
Peter Collins
Forestry Research Associates
620 Vineyard Lane
Bainbridge Island, WA 98110
(206) 316 8394
info@forestry-research.com
http://www.forestry-research.com

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High Frequency Trading Goes to Kyiv National Economic University, The Speed Traders Workshop 2012 Kiev

Edgar Perez, Presenting The Speed Traders Workshop 2012 Kiev, “How Algorithmic and High Frequency Traders Leverage Profitable Strategies to Find Alpha in Equities, Options, Futures and FX”, Kyiv, Ukraine, May 18.

(May 18, 2012, New York) — High frequency trading goes tomorrow to Kyiv National Economic University, where Edgar Perez will host The Speed Traders Workshop 2012 Kiev, “How Algorithmic and High Frequency Traders Leverage Profitable Strategies to Find Alpha in Equities, Options, Futures and FX” (http://www.TheSpeedTradersWorkshop.com), May 18. Perez continues his global tour educating investors and traders which has taken him to the world’s most important financial capitals, including Hong Kong, Seoul, Sao Paulo, Kuala Lumpur and Warsaw, and in a few weeks, Beijing and Shanghai.

It is the mission of the Vadym Hetman Kyiv National Economic University to contribute to the development of the society by means of the scientific research, the generation and the dissemination of the new knowledge, and the training of competitive specialists and creative personalities. The university has more than 36,000 students study in KNEU. Only in the main institution, they are taught by 8 full and corresponding members of the National Academy of Sciences of Ukraine and sectoral academies, more than 127 professors and doctors of science and 507 candidates of science and associate professors.

Perez is widely regarded as the preeminent expert in the specialized area of high-frequency trading; he is the author of The Speed Traders, An Insider’s Look at the New High-Frequency Trading Phenomenon That is Transforming the Investing World (http://www.TheSpeedTraders.com), published by McGraw-Hill Inc. (2011). He has been featured on CNBC Cash Flow (with Oriel Morrison), CNBC Squawk Box (with Geoff Cutmore), BNN Business Day (with Kim Parlee), TheStreet.com (with Gregg Greenberg), Channel NewsAsia Business Tonight and Cents & Sensibilities (with Lin Xue Ling), NHK World, iMoney Hong Kong, Hedge Fund Brief, The Wall Street Journal, The New York Times, Dallas Morning News, Valor Econômico, The Korea Herald, FIXGlobal Trading, The Korea Times, TODAY Online, Oriental Daily News and Business Times.

Perez has been engaged to present to the U.S. Securities and Exchange Commission, CFA Singapore, Hong Kong Securities Institute, Courant Institute of Mathematical Sciences at New York University and Pace University, among other public and private institutions. In addition, Perez has spoken at a number of global conferences, including Harvard Business School’s Venture Capital & Private Equity Conference (Boston), High-Frequency Trading Leaders Forum (New York, Chicago, London), MIT Sloan Investment Management Conference (Cambridge), Institutional Investor’s Global Growth Markets Forum (London), Technical Analysis Society (Singapore), TradeTech Asia (Singapore), FIXGlobal Face2Face (Seoul) and Private Equity Convention Russia, CIS & Eurasia (London).

Perez was a vice president at Citigroup, a senior consultant at IBM, and a consultant at McKinsey & Co. in New York City. Perez has an undergraduate degree from Universidad Nacional de Ingeniería, Lima, Peru (1994), a Master of Administration from Universidad ESAN, Lima, Peru (1997) and a Master of Business Administration from Columbia Business School, New York, with a dual major in Finance and Management (2002). He belongs to the Beta Gamma Sigma honor society.

Contact:
Julia Petrova
Media Relations Coordinator
The Speed Traders
516-761-4712
jpetrova@thespeedtraders.com
http://www.thespeedtraders.com