<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>Choo Koon Lip</title>
	<atom:link href="http://www.koonlip.com/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.koonlip.com</link>
	<description>Life After Twenty-Six</description>
	<lastBuildDate>Sun, 01 Jan 2012 04:00:56 +0000</lastBuildDate>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.org/?v=3.1.2</generator>
		<item>
		<title>My list of favourite movies (June 2010 &#8211; End 2011)</title>
		<link>http://www.koonlip.com/2012/01/669/</link>
		<comments>http://www.koonlip.com/2012/01/669/#comments</comments>
		<pubDate>Sun, 01 Jan 2012 04:00:56 +0000</pubDate>
		<dc:creator>klchoo</dc:creator>
				<category><![CDATA[Koon Lip]]></category>
		<category><![CDATA[Movies]]></category>

		<guid isPermaLink="false">http://www.koonlip.com/?p=669</guid>
		<description><![CDATA[Taking stock of the movies I watched in 2011. And somehow, I consolidated some of my favourites over the last 18 months by extracting from my blog. As always, the show is where we laughed, cried (in my heart), reminisced, fell in love, reflected on life – hoping to find that magical connection. Here’s my [...]]]></description>
			<content:encoded><![CDATA[<p>Taking stock of the movies I watched in 2011. And somehow, I consolidated some of my favourites over the last 18 months by extracting from my blog. As always, the show is where we laughed, cried (in my heart), reminisced, fell in love, reflected on life – hoping to find that magical connection. Here’s my top 5 of &#8216;different movie genres&#8217; – enjoy.<br />
</br><span style="text-decoration: underline;"><strong>My 5 Favourite Chinese Movies:</strong></span></p>
<p>You Are The Apple of My Life<br />
- watched once in Singapore<br />
- watched the trailer and MTV over and over again</p>
<p>Let The Bullets Fly (March 2011)<br />
- watched on DVD and iPad a couple of times<br />
- everytime I watch, I discover something new</p>
<p>Echoes of the Rainbow (June 2010)<br />
- watched once in cinema<br />
- watched once on flight to Istanbul<br />
- really a tear-jerker!</p>
<p>After Shock (July 2010)<br />
- watched once in Singapore<br />
- watched once in Hanoi</p>
<p>Life Without Principles<br />
- watched once in HK<br />
- watched the trailer more than 20 times, haha!!<br />
</br><span style="text-decoration: underline;"><strong>My 5 Favourite Action / Thrillers:</strong></span></p>
<p>Mission Impossible: Ghost Protocol<br />
- watched once in Singapore<br />
- planning to watch in cinema again!<br />
- really exciting and entertaining trailer</p>
<p>Fast 5 (May 2011)<br />
- watched twice once in Singapore<br />
- on my to-watch list<br />
- really exciting and entertaining trailer</p>
<p>X-Men: First Class (June 2011)<br />
- watched once in Singapore<br />
- watched once in KL<br />
- on my to-watch list</p>
<p>Rise of the Planet of the Apes (August 2011)<br />
- watched once in Penang<br />
- on my to-watch list<br />
- a good remake, lots better than the on with Mark Wahlberg</p>
<p>Unstoppable (November 2010)<br />
- watched once in Singapore<br />
- watched once in KL<br />
- Denzel Washington: always reliable<br />
</br><strong><span style="text-decoration: underline;">My 5 Favourite &#8216;Others&#8217;:</span></strong></p>
<p>Due Date (December 2010)<br />
- watched once in PJ<br />
- on my DVD/iPad to-watch list</p>
<p>The Social Network (October 2010)<br />
- watched once in Singapore<br />
- watched once on DVD</p>
<p>Burlesque (January 2011)<br />
- watched once in Singapore<br />
- watched once in Jakarta<br />
- watched short clips now and then on iPad</p>
<p>Ra.One<br />
- watched once in Singapore<br />
- my first Indian movie in cinema in my life<br />
- entertaining dance sequence<br />
- quite funny, so I classified this as &#8216;comedy&#8217;</p>
<p>Alvin and the Chipmunks: Chip-wrecked<br />
- watched once in Singapore<br />
- the best chipmunks movie so far<br />
</br><strong><span style="text-decoration: underline;">My No.1  favourite movie over the last 18 months!</span></strong></p>
<p>Inception (July 2010)<br />
- watched once in Singapore<br />
- watched once in KL<br />
- watched once in New York on IMAX<br />
- once on iPad<br />
- really exciting and entertaining trailers and teasers- my all-time favourite</p>
]]></content:encoded>
			<wfw:commentRss>http://www.koonlip.com/2012/01/669/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>6 Movies I/We watched in December 2011</title>
		<link>http://www.koonlip.com/2012/01/6-movies-iwe-watched-in-december-2011/</link>
		<comments>http://www.koonlip.com/2012/01/6-movies-iwe-watched-in-december-2011/#comments</comments>
		<pubDate>Sat, 31 Dec 2011 16:42:59 +0000</pubDate>
		<dc:creator>klchoo</dc:creator>
				<category><![CDATA[Koon Lip]]></category>
		<category><![CDATA[Movies]]></category>

		<guid isPermaLink="false">http://www.koonlip.com/?p=662</guid>
		<description><![CDATA[Magic To Win &#8211; 03 December, 5.30pm @ Cathay City Square (JB) Mission Impossible: Ghost Protocol &#8211; 15 December 2011, 7.00pm @ GV Max (Vivocity) Alvin and the Chipmunks: Chip-wrecked &#8211; 23 December, 6.25pm @ GV Katong New Year&#8217;s Eve &#8211; 26 December, 1.10am @ The Cathay Sherlock Holmes: A Game of Shadow &#8211; 28 [...]]]></description>
			<content:encoded><![CDATA[<p>Magic To Win &#8211; 03 December, 5.30pm @ Cathay City Square (JB)</p>
<p>Mission Impossible: Ghost Protocol &#8211; 15 December 2011, 7.00pm @ GV Max (Vivocity)</p>
<p>Alvin and the Chipmunks: Chip-wrecked &#8211; 23 December, 6.25pm @ GV Katong</p>
<p>New Year&#8217;s Eve &#8211; 26 December, 1.10am @ The Cathay</p>
<p>Sherlock Holmes: A Game of Shadow &#8211; 28 December, 4.25pm @ GV Katong</p>
<p>Flying Swords Of Dragon Gate &#8211; 31 December, 7.30pm @ GV Katong</p>
]]></content:encoded>
			<wfw:commentRss>http://www.koonlip.com/2012/01/6-movies-iwe-watched-in-december-2011/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>4 Movies I/We watched in November 2011</title>
		<link>http://www.koonlip.com/2011/12/4-movies-iwe-watched-in-november-2011/</link>
		<comments>http://www.koonlip.com/2011/12/4-movies-iwe-watched-in-november-2011/#comments</comments>
		<pubDate>Sun, 04 Dec 2011 15:41:56 +0000</pubDate>
		<dc:creator>klchoo</dc:creator>
				<category><![CDATA[Koon Lip]]></category>
		<category><![CDATA[Movies]]></category>

		<guid isPermaLink="false">http://www.koonlip.com/?p=655</guid>
		<description><![CDATA[Footloose &#8211; 02 November, 7.15pm Ra.One &#8211; 07 November, 5.40pm @ GV Vivocity The Adventures of Tintin &#8211; 19 November, 12.10am @ GSC Tropicana (PJ) You Are The Apple of My Life &#8211; 23 November, 7.20pm @ GV Tiong Bahru]]></description>
			<content:encoded><![CDATA[<p>Footloose &#8211; 02 November, 7.15pm</p>
<p>Ra.One &#8211; 07 November, 5.40pm @ GV Vivocity</p>
<p>The Adventures of Tintin &#8211; 19 November, 12.10am @ GSC Tropicana (PJ)</p>
<p>You Are The Apple of My Life &#8211; 23 November, 7.20pm @ GV Tiong Bahru</p>
]]></content:encoded>
			<wfw:commentRss>http://www.koonlip.com/2011/12/4-movies-iwe-watched-in-november-2011/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>7 Movies I/We watched in October 2011</title>
		<link>http://www.koonlip.com/2011/11/movies-iwe-watched-in-october-2011/</link>
		<comments>http://www.koonlip.com/2011/11/movies-iwe-watched-in-october-2011/#comments</comments>
		<pubDate>Mon, 14 Nov 2011 17:34:08 +0000</pubDate>
		<dc:creator>klchoo</dc:creator>
				<category><![CDATA[Koon Lip]]></category>
		<category><![CDATA[Movies]]></category>

		<guid isPermaLink="false">http://www.koonlip.com/?p=656</guid>
		<description><![CDATA[The Sorcerer and the White Snake &#8211; 8 October 2011 @ GSC Times Square (KL) Real Steel &#8211; 15 October 2011, 8.50pm @ GV Marina Life Without Principles  &#8211; 24 October 2011, 12:10am @ President (Newport Circuit) (Causeway Bay, HK) Love on Credit &#8211; 25 October 2011, 3.30pm @ PolyBona Huaqiang Beimao Yebaihuo (Shenzhen) One [...]]]></description>
			<content:encoded><![CDATA[<p>The Sorcerer and the White Snake &#8211; 8 October 2011 @ GSC Times Square (KL)</p>
<p>Real Steel &#8211; 15 October 2011, 8.50pm @ GV Marina</p>
<p>Life Without Principles  &#8211; 24 October 2011, 12:10am @ President (Newport Circuit) (Causeway Bay, HK)</p>
<p>Love on Credit &#8211; 25 October 2011, 3.30pm @ PolyBona Huaqiang Beimao Yebaihuo (Shenzhen)</p>
<p>One Day &#8211; 26 October 2011, 7.10pm @ GV Tampines</p>
<p>In Time &#8211; 29 October 2011, 6.15pm @ MBO KSL City (JB)</p>
<p>Midnight in Paris &#8211; 30 October 2011, 7.00pm @ Cathay Cineleisure</p>
]]></content:encoded>
			<wfw:commentRss>http://www.koonlip.com/2011/11/movies-iwe-watched-in-october-2011/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>6 Movies I/We watched in September 2011</title>
		<link>http://www.koonlip.com/2011/10/6-movies-iwe-watched-in-september-2011/</link>
		<comments>http://www.koonlip.com/2011/10/6-movies-iwe-watched-in-september-2011/#comments</comments>
		<pubDate>Thu, 06 Oct 2011 17:24:25 +0000</pubDate>
		<dc:creator>klchoo</dc:creator>
				<category><![CDATA[Koon Lip]]></category>
		<category><![CDATA[Movies]]></category>

		<guid isPermaLink="false">http://www.koonlip.com/?p=649</guid>
		<description><![CDATA[The Smurfs &#8211; 4 September 2011, 2.20pm GV Plaza Crazy Stupid Love &#8211; 4 September 2011, 4.30pm @ GV Plaza Contagion &#8211; 10 September 2011, 7.15pm @ The Cathay Love in Space &#8211; 14 September 2011, 3.35pm @ Cathay City Square (JB) Johnny English Reborn &#8211; 24 September 2011 @ GV Plaza Friends with Benefits [...]]]></description>
			<content:encoded><![CDATA[<div>
<p>The Smurfs &#8211; 4 September 2011, 2.20pm GV Plaza</p>
<p>Crazy Stupid Love &#8211; 4 September 2011, 4.30pm @ GV Plaza</p>
<p>Contagion &#8211; 10 September 2011, 7.15pm @ The Cathay</p>
<p>Love in Space &#8211; 14 September 2011, 3.35pm @ Cathay City Square (JB)</p>
<p>Johnny English Reborn &#8211; 24 September 2011 @ GV Plaza</p>
<p>Friends with Benefits &#8211; 29 September 2011 @ GV Plaza</p>
<p>&nbsp;</p>
</div>
]]></content:encoded>
			<wfw:commentRss>http://www.koonlip.com/2011/10/6-movies-iwe-watched-in-september-2011/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Get the best out of your Forex EA&#8230;</title>
		<link>http://www.koonlip.com/2011/10/get-the-best-out-of-your-forex-ea/</link>
		<comments>http://www.koonlip.com/2011/10/get-the-best-out-of-your-forex-ea/#comments</comments>
		<pubDate>Sun, 02 Oct 2011 00:41:00 +0000</pubDate>
		<dc:creator>klchoo</dc:creator>
				<category><![CDATA[Broker]]></category>
		<category><![CDATA[Expert Advisors EA]]></category>
		<category><![CDATA[Forex]]></category>
		<category><![CDATA[Koon Lip]]></category>

		<guid isPermaLink="false">http://www.koonlip.com/?p=646</guid>
		<description><![CDATA[1) Get real time results. Make sure the FX robot/EA developer shows transactions from a real, live money market account. A positive track record should span over several months to a few years. While past results don&#8217;t always guarantee future profits, seeing the track record proves that the robot/EA is logically sound. In addition, make [...]]]></description>
			<content:encoded><![CDATA[<p>1) Get real time results.<br />
Make sure the FX robot/EA developer shows transactions from a real, live money market account. A positive track record should span over several months to a few years. While past results don&#8217;t always guarantee future profits, seeing the track record proves that the robot/EA is logically sound. In addition, make sure what you are viewing isn&#8217;t a simulation. While all EA robot companies offer backtests, it shouldn&#8217;t be their only means of providing you with results.</p>
<p>2) Ability to tweak the system.<br />
Reputable Forex robot software systems will reveal the logic behind them &#8211; more specifically how they generate their trading signals. If you understand and agree with their logic, then you will have confidence in the system and will be able to use the system with ease. The best robots allow you to trade with multiple currency pairs, but remember a robot may be good for a certain pair and not the rest.. This gives you the ability to customize the robot with the right lots, stops and limits.</p>
<p>3) Be realistic.<br />
Don&#8217;t believe the stories that promise to make you rich overnight &#8211; any product that says you will is a scam. <strong>Be aware that you will face short-term losing streaks; that&#8217;s simply the reality of trading.</strong> In order to be successful, you will have to stick it out long-term and not get frustrated with a short-term losing streak. By being realistic, you want moderate, consistent results.</p>
<p>To get the most out of your Forex EA Robot, you will need to learn how to properly use it. You cannot just install it and expect your pockets to fill up with money. There is a learning curve involved that includes testing and tweaking your robot until you have picked the strategy right for you. Hopefully, this has better prepared you to choose a Forex EA Robot. You weed out all the scams and ineffective products.</p>
]]></content:encoded>
			<wfw:commentRss>http://www.koonlip.com/2011/10/get-the-best-out-of-your-forex-ea/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>6 Movies I/We watched in August 2011</title>
		<link>http://www.koonlip.com/2011/09/6-movies-iwe-watched-in-august-2011/</link>
		<comments>http://www.koonlip.com/2011/09/6-movies-iwe-watched-in-august-2011/#comments</comments>
		<pubDate>Sat, 24 Sep 2011 14:58:48 +0000</pubDate>
		<dc:creator>klchoo</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://www.koonlip.com/?p=643</guid>
		<description><![CDATA[Captain America: The First Avenger &#8211; 4 August 2011, 8.45pm @ The Cathay Rise of the Planet of the Apes &#8211; 7 August 2011, 9.30pm @ Cathay Pranglin Mall The Loan Shark &#8211; 8 August 2011, 10.30pm @ GSC Times Square (KL) The Fortune Buddies &#8211; 16 August 2011, 3.30pm @ MBO KSL City (JB) [...]]]></description>
			<content:encoded><![CDATA[<p>Captain America: The First Avenger &#8211; 4 August 2011, 8.45pm @ The Cathay</p>
<p>Rise of the Planet of the Apes &#8211; 7 August 2011, 9.30pm @ Cathay Pranglin Mall</p>
<p>The Loan Shark &#8211; 8 August 2011, 10.30pm @ GSC Times Square (KL)</p>
<p>The Fortune Buddies &#8211; 16 August 2011, 3.30pm @ MBO KSL City (JB)</p>
<p>Overheard 2 &#8211; 20 August 2011, 11.15pm @ GV Jurong Point</p>
<p>Horrible Bosses &#8211; 21 August 2011, 9.50pm @ GV VivoCity</p>
]]></content:encoded>
			<wfw:commentRss>http://www.koonlip.com/2011/09/6-movies-iwe-watched-in-august-2011/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>3 Movies I/We watched in July 2011</title>
		<link>http://www.koonlip.com/2011/09/3-movies-iwe-watched-in-july-2011/</link>
		<comments>http://www.koonlip.com/2011/09/3-movies-iwe-watched-in-july-2011/#comments</comments>
		<pubDate>Sat, 24 Sep 2011 14:51:03 +0000</pubDate>
		<dc:creator>klchoo</dc:creator>
				<category><![CDATA[Koon Lip]]></category>
		<category><![CDATA[Movies]]></category>

		<guid isPermaLink="false">http://www.koonlip.com/?p=640</guid>
		<description><![CDATA[Transformers 3: Dark of the Moon (IMAX 3D) &#8211; 4 July 2011, 10.20am @ UA iSquare (HK) Mr. Poppins&#8217; Penguins &#8211; 18 July 2011, 11.40pm @ GSC Times Square (KL) Bridesmaids &#8211; 24 July 2011, 4.10pm @ GV Vivocity &#160;]]></description>
			<content:encoded><![CDATA[<p>Transformers 3: Dark of the Moon (IMAX 3D) &#8211; 4 July 2011, 10.20am @ UA iSquare (HK)</p>
<p>Mr. Poppins&#8217; Penguins &#8211; 18 July 2011, 11.40pm @ GSC Times Square (KL)</p>
<p>Bridesmaids &#8211; 24 July 2011, 4.10pm @ GV Vivocity</p>
<p>&nbsp;</p>
]]></content:encoded>
			<wfw:commentRss>http://www.koonlip.com/2011/09/3-movies-iwe-watched-in-july-2011/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Golder Markets exposed top Forex IB Scam</title>
		<link>http://www.koonlip.com/2011/09/golder-markets-exposed-top-forex-ib-scam/</link>
		<comments>http://www.koonlip.com/2011/09/golder-markets-exposed-top-forex-ib-scam/#comments</comments>
		<pubDate>Sat, 17 Sep 2011 13:48:18 +0000</pubDate>
		<dc:creator>klchoo</dc:creator>
				<category><![CDATA[Broker]]></category>
		<category><![CDATA[Golder Markets]]></category>

		<guid isPermaLink="false">http://www.koonlip.com/?p=635</guid>
		<description><![CDATA[Golder Markets exposed top Forex IB Scam. A number of clients was scammed by IBs and Money Managers in a common cases of scam in Forex. Golder Markets, a Forex Broker issue an example of the scam. (This article is taken from WebWire and reference from Golder Markets.) &#160; Golder Markets issues an Official Notice [...]]]></description>
			<content:encoded><![CDATA[<p>Golder Markets exposed top Forex IB Scam. A number of clients was scammed by IBs and Money Managers in a common cases of scam in Forex. Golder Markets, a Forex Broker issue an example of the scam. (This article is taken from WebWire and reference from Golder Markets.)</p>
<p>&nbsp;</p>
<h1>Golder Markets issues an Official Notice to warn clients &amp; affiliates on fraudulent churning activities</h1>
<h2>Golder Markets Ltd., the London, UK-based global online trading and brokerage service, today issued an official notice to all partners (including online affiliates, introducing brokers and white label partners) on the seriousness of churning clients’</h2>
<div><a href="http://www.webwire.com/">WEBWIRE</a> – Monday, September 12, 2011</div>
<p>“In attempting to earn an commission of around USD2,200, One introducing broker (IB) churned and burned 5 clients accounts with multiple GBPNZD trades in less than 15 minutes, causing a total client loss of around USD7,500. This prompts us to issue this official notice to warn clients and affiliates on fraudulent churning activities,” said Marketing Director Damien Middleton.</p>
<p>1. One of our IB, Mr. Mohd Rizal Bin Maslan (Golder Partners AFF 1521) emailed Golder Markets to ask what happened on Thursday 08 September 2011 evening London time and enquired about 5 accounts. Initially, the backoffice staffs have no idea of what’s happening. After a few round of questionings, the firm realised that Rizal was holding on to the clients accounts login details and trading the accounts without any Limited Power of Attorney.</p>
<p>2. After a thorough investigation, Golder Markets realised these 5 accounts were all stop out at around 19:00 platform time on Thursday. The firm looked into our systems and detected that they were multiple GBPNZD trades done on 5 accounts on this IP address 110.159.13.240, which is apparently in Malaysia. In fact, there are apparently 7 accounts concurrently trading on this IP address 110.159.13.240 over the last week including last Thursday incident.</p>
<p>3. On Thursday afternoon London time (which was 2 hours before the trade execution), 2 clients out of the 7 clients requested for withdrawal. Funds are also released to these 2 clients on Friday morning.</p>
<p>4. On the balance 5 accounts, there are close to 15-20 GBPNZD trades executed in less than 15 minutes, all 0.5 standard lots per trade per account. All accounts were stopped out till the stage of negative free margin and even the credit bonus were all lost. As GBPNZD is a high spread currency pair, the 25% commission Mr. Rizal supposed to receive totaled $2,223.67 with just these trades in 15 minutes.</p>
<p>5. At the same time, Rizal’s introducing website (goldermarkets dot biz) now shifted to introduce other broker, pushing blame to Golder Markets and spread falsified comments about the broker. Mr Rizal also threatens and ransom Golder Markets with the falsified comments.</p>
<p>6. Due to the seriousness of this issue, Golder Markets had suspended Mr. Rizal’s IB account as he suspected of trying to churn and burn the accounts before clients withdraw the fund. This finding is not conclusive yet.</p>
<p>7. We have attached the log files (showing that IP address and activities in the accounts) at <a href="http://www.golderforex.com/specialcase/200912-IB-official-notice.html" target="_blank">http://www.golderforex.com/specialcase/200912-IB-official-notice.html</a>.</p>
<p>8. If you had allowed someone to get hold of your account before, Golder Markets strongly advise you not to let anyone have your passwords. Even with client permission, IBs or affiliates should not be holding on to the login details and should advise clients to change the login details immediately.</p>
<p>“While the forex industry is driven by trade volume, we cannot tolerate partners to trade clients’ accounts without LPOA. Clients who want their accounts to be managed must be authorised under a Multi-Account Management (MAM) with a Limited Power of Attorney (LPOA).” said Middleton.</p>
<p>“Golder Markets, or any major brokers I should say, will not tolerate any partners, affiliates, introducing brokers, white label partners in attempting to churn and damage clients accounts or whatsoever.” he added.</p>
<p>Groups of Websites under Golder Markets Ltd<br />
- <a href="http://www.goldermarkets.com/" target="_blank">www.GolderMarkets.com</a><br />
- <a href="http://www.golderoptions.com/" target="_blank">www.GolderOptions.com</a><br />
- <a href="http://www.themirrortrader.com/" target="_blank">www.TheMirrorTrader.com</a><br />
- <a href="http://www.golderpartners.com/" target="_blank">www.GolderPartners.com</a></p>
<p>&nbsp;</p>
]]></content:encoded>
			<wfw:commentRss>http://www.koonlip.com/2011/09/golder-markets-exposed-top-forex-ib-scam/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Tobin tax affecting FX in London</title>
		<link>http://www.koonlip.com/2011/08/tobin-tax-affecting-fx-in-london/</link>
		<comments>http://www.koonlip.com/2011/08/tobin-tax-affecting-fx-in-london/#comments</comments>
		<pubDate>Wed, 24 Aug 2011 15:45:49 +0000</pubDate>
		<dc:creator>klchoo</dc:creator>
				<category><![CDATA[Broker]]></category>
		<category><![CDATA[Forex]]></category>
		<category><![CDATA[Koon Lip]]></category>

		<guid isPermaLink="false">http://www.koonlip.com/?p=630</guid>
		<description><![CDATA[A new tax proposed by European leaders is threading the status of London as a hub for trading in global FX markets. The tax is spearheaded by Frances Sarkozy and Germany’s Merkel. The tax will be charged on every financial transactions, this will have an effect on the cost of the trade thus affecting profits. [...]]]></description>
			<content:encoded><![CDATA[<p>A new tax proposed by European leaders is threading the status of London as a hub for trading in global FX markets.</p>
<p>The tax is spearheaded by Frances Sarkozy and Germany’s Merkel. The tax will be charged on every financial transactions, this will have an effect on the cost of the trade thus affecting profits.</p>
<p>The market hasn&#8217;t welcomed the decision and large financial institutions are adamant that if this bill is passed they will find new jurisdictions with more attractive tax conditions.</p>
<p>London is home to more than one-third of the worlds daily FX volumes. Most large banking organisations have trading desks in London. London has conquered the broker/ dealer industry post NFA tightening of spot FX regulations. Most large US brokers transferred their base to take advantage of  flexible trading conditions.</p>
<p>The Tobin tax was introduced in Sweden in the late 80′s. It had detrimental effects on the overall financial climate. 60% of the 11 most actively traded Swedish shares migrated to London and over 50% of Swedish equities had moved to London by 1990. <strong>The bill was scrapped within 5 years.</strong></p>
<p>FX markets are announcing record volumes, price, liquidity and technology have been the key drivers. This bill could hamper growth in the words most traded asset class.</p>
]]></content:encoded>
			<wfw:commentRss>http://www.koonlip.com/2011/08/tobin-tax-affecting-fx-in-london/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
	</channel>
</rss>

