|
|
 |
|
THE COMPANY
PERFORMANCE FOREIGN EXCHANGE CORPORATION (PFEC) was registered with the SEC on 23 June, 1998 primarily to operate as an agent between market participants in transactions involving but not limited to foreign exchange, deposit, bankers acceptances, bill of exchange; over-the-counter option of the above mentioned instruments, lesser developed country (LDC) debt, energy and stock indices, and all related, similar or derivative products, other than acting as a broker for the trading of securities pursuant to the Revised Securities Act of the Philippines.
At the moment, the company operates mainly as an FX broker and information service provider. The company keeps its clients updated with the current market trends and activities with its daily commentaries, market newsletters and currency trackers to give clients a look into what the market makers are doing.
|
|
|
WHAT WE DO
INTERNET ONLINE BROKERAGE SERVICE
PFEC provides a state-of-the-art internet currency trading system called the FX PLATFORM. It is a web-based leveraged trading system using the latest in internet technology. The platform was developed to answer the client's need for a fast, safe, efficient and transparent execution sysytem in mind. At the heart of the FX PLATFORM is the trading interface that is a dealing desk itself. It is a modular browser-based system that allows a client to monitor the markets, program trading activities and be constantly aware of his market positions.
With the FX PLATFORM, a client gets a 24-hour market access to the spot market which provides:
- Real-Time Currency Rates
- Real-Time Currency News
- Real-Time Trade Dealing and Market-to-Market Equity Reports
- Real-Time Dynamic Charting System and Technical Studies
- Detailed Market Positions and Trading Records
- Transaction Summaries
UNIQUE RESEARCH TOOLS AND INFORMATION
PFEC believes that it should equip its clients with analytical tools to better understand the spot foreign exchange market and its intricacies, such as:
- The Currency Tracker - This service which is exclusive to PFEC, is a compilation of the recommendations from selected market experts of large bank / non-bank FX trading institutions for specific pairs.
- SMS Service - PFEC clients regularly receive market news and currency rates through the Short Messaging System (SMS) on a 24-hour basis.
- Video Capture - This provides clients with a replay of the all-important daily interviews on FX experts from various reputable financial institutions.
- FX Presentations - Clients as well as members of the business community get to know the latest outlook and trends in the spot foreign currency markets through foreign experts who would be invited to make presentations.
- Client Training - Clients are invited to attend free sessions on FX Business Basics, Trading Platform And Technical/Fundamental Analysis.These learning sessions/programs provide clients with real-time application of trade plans, technical studies, risk and capital management to name a few. This way, clients will be prepared to trade on their own.
- Daily Market Technical Outlook and Commentaries - Clients are given up-to-date and reliable market information through e-mail or fax.
- Other Relevant Market Information - Schedules of Economic Data Releases as well as important announcements from international Monetary Authorities are posted in the company's website for easy access by clients.
Clearly, providing clients all the information and knowledge that would give them confidence to trade by themselves shows that PFEC firmly believes in allowing clients to make the decisions when and how much to trade. When decision time comes, PFEC stands back to let the clients do the trading. Hence, clients enjoy absolute control and trading flexibility in whatever time frame they choose.
HOW WE DO IT
THE MANAGEMENT TEAM
The management team is composed of professionals with extensive experiences in various financial services.
- Roberto Borromeo, Executive Director, is a Filipino with over 28years of extensive Marketing, Banking and Finance experience with various financial institutions particularly in the areas of Consumer Banking, Corporate Banking, Correspondent Banking, Product Development, Trade and Investment Advisory/ Consultancy, Financial Guaranty and Lease Financing. Apart from the Philippines, his market exposures has been in the financial centres of Singapore, Europe, Middle East and the United States.
Mr. Borromeo graduated from the Ateneo De Manila University with a Bachelor of Science degree in Management Engineering. He likewise completed his MBA course at the University of the Philippines.
- Gabriel P. Erazo, Senior Branch Business Manager – Business Department, is a Filipino who has established his career in consultancy as well as in financial brokerage and currency / commodity trading. He finished his BS Mechanical Engineering course at the Mindanao State University and completed his MA in Educational Measurement and Evaluation at the Philippine Normal University.
- Lee Woon Lou Steve, Senior Business Consultant, is a Singaporean with over 20 years experience as a broker, trader, consultant, business manager in Commodity Futures, Gold Bullion, Stocks Index, Foreign Currency and other Financial Products. His exposure has mostly been in the financial markets of Sinagpore and Hongkong.
Mr. Lee took his Bachelor of Arts in Business Administration at the Brantridge University, USA and his MBA-Economics at Kennedy Western University, USA.
LEGAL COUNSEL
- Martinez Vergara Gonzalez & Serrano
Attoneys-At-Law
BRANCHES
- Performance Foreign Exchange Corp. (Cebu City)
- Performance Foreign Exchange Corp. (Ortigas)
AFFILIATES
- P.T. SolidGold Berjangka (Indonesia)
Member: Jakarta Futures Exchange
Member: Indonesian Derivatives Clearing House
- SolidGold Financial Services, Inc. (U.S.A.)
Registered: Futures Commision Merchant
Commodity Trading Pool Operator
Commodity Trading Advisor
OVERVIEW OF OPERATIONS
Spot foreign currency trading involves the buying and selling of one currency for another currency for delivery within two (2) business days from transaction date. The major currencies are traded at the prevailing exchange rates involving foreign exchange contracts. Unlike the physical transactions usually done with banks or money changers, these FX contracts represent huge volumes of foreign currencies based on international standards and are traded among financial institutions based on internationally accepted trading procedures of the global financial markets. In turn the financial institutions, through agents (like PFEC), retail these FX contracts to various clients who have a perception of where the currencies are headed and would like to take advantage of the market price fluctuations for possible profits.
PFEC operates under the margin or leverage system trading. Specifically, clients, to be able to trade in the Foreign Currency market, must meet a certain minimum financial criteria to assure or guarantee the performance of their contracted commitment. It is a “good faith” security, which the client is required to put up prior to initiating an order to answer for the permormance of the trade. For PFEC, the minimum margin amount to be opened is US$ 20,000. The amount needed to trade one contract, worth approximately US$ 100,000, is just 1-2% of that full contract value.
With leverage trading executed through the FX trading platform of PFEC, clients are provided with the mechanism with which they can manage the risks (via stop loss orders) or limit their losses to an acceptable percentage of the current equity level. However, even if they do leverage trading, the profit potential enjoyed would be the same as that of full margin. Thus, the return on capital would be much higher for leverage trading as compared to full margin trading.
It is important to note that PFEC does not allow trading of Philippine Peso but trades the major currencies such as the Japanese Yen, British Pound, Euro, Swiss Francs, Australian Dollar, Canadian Dollar, and New Zealand Dollar against the US Dollar.
|
|
|
|
 |
|
|