That said, shrewd trading moves can pay out. A family of engineers, Declan saw it was essential to educate himself about managing his finances, and started learning investment principles. 

Featured Image from Shutterstock. The fact that we also have an office in Harare makes control for cross border transport to Zimbabwe much easier.

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Legend I use five symbols to indicate a badge's status. Each symbol could represents one or more badges. I use the symbols as follows: The blue hand lets you know that I am interested in obtaining one of these badges. I may have indicated that I have this badge in my collection and in this case I am looking to get another one for my collection, or for a friend. The black delivery truck indicates the badge is enroute to me by either a trade or purchase.

When the badge arrives I will determine if it is to become part of my collection or if I plan to trade it. The orange case indicates this badge is part of my collection and I will probably want to keep it. It is unlikely that I be willing to trade this badge. However if the right deal comes along The green handshake lets you know I have one of these badges and I am willing to trade it. Dealers are reminded that books and records are required to reflect the date and time of trade execution.

An inter-dealer sale transaction at a price equal to the list offering price, however, does provide useful current market information, since it can be presumed that the security is destined to be redistributed to investors at a price above the published list offering price. If the price is not publicly disseminated e. In certain situations, deliveries of securities occur between two dealers even though the two dealers did not effect a purchase-sale transaction with each other.

Dealers using the comparison system to facilitate these deliveries must be careful not to report the deliveries as inter-dealer transactions.

The resulting delivery between the executing dealer and the custody dealer may be handled through NSCC by submitting the delivery to RTTM for comparison, even though there was no purchase-sale transaction between the two dealers.

However, in these cases, the executing dealer and the custody dealer each must indicate that the submissions are for RTTM Matching Only Destination 01, see below to ensure that the submissions do not also constitute trade reports under Rule G Failure to do so by either party will result in a violation of Rule G However, it is clear in such a case that at least one of the dealers has violated Rule G, either by reporting a true inter-dealer trade as a step out or by reporting an inter-dealer transaction that did not occur.

However, dealers should at this time review their comparison and trade reporting procedures to ensure that their comparison submissions correctly use the step out indicator and use it only when appropriate. Questions about the procedure for processing step out deliveries should be directed to NSCC. Questions about whether a particular type of delivery is reportable as an inter-dealer purchase-sale transaction may be directed to MSRB staff.

Each transaction initially should be reported correctly to RTRS. Thereafter, only changes necessary to achieve accurate and complete transaction reporting should be submitted to RTRS. Trades that are reported with errors affect the accuracy of the information published in price transparency reports as well as the audit trail information retained in the surveillance database. Changes should be rare since properly reported transactions should not need to be corrected.

If, however, a transaction is reported with incorrect or missing attributes such as price or capacity , the Procedures require the dealer to correct the report as soon as possible. For example, if only the account representative associated with a transaction changes, the report to the MSRB should not be changed, as this information is not required to be reported to the MSRB under Rule G Dealers should take care that, if a modification or cancellation is submitted that is not responding to an RTRS error message, the dealer is correcting or cancelling an erroneous report.

The MSRB provides statistics to the NASD and other enforcement agencies that measure dealer performance in modifying and cancelling transactions, as well as error rates of original submissions. Dealers that excessively modify or cancel trade reports will have above-average rates in these statistical reports.

Dealers can monitor their reporting of transactions in compliance with Rule G in several ways. Further information about how a dealer can obtain its compliance statistics will be posted in March on the MSRB web site, www. This document is on www. A cancellation and resubmission are counted as a change and unless the resubmission is done within the original deadline for reporting the trade also a late report of a trade.

Methods for cancelling and modifying reports are described in Sections 1. As used in this context, the term means the publicly announced "initial offering price" at which a new issue of municipal securities is to be offered to the public. Real-time transaction reporting requires dealers to report most transactions within fifteen minutes of the time of trade execution.

Such transactions instead are required to be reported by the end of the day. Note that syndicate and selling group members are not required to wait to report such transactions at the end of the day and may choose to report prior to the end of the day.

The exception from fifteen-minute transaction reporting for list-price syndicate trades is based on operational difficulties that otherwise might be presented for dealers when large numbers of transactions at the initial offering price must be reported by a dealer at one time.

The MSRB viewed these operational considerations as sufficiently important to allow trades to be reported at the end of the day given that the price of such trades the "list offering price" is public. Note that transactions by syndicate or selling group members at prices other than the "list offering price" on the first day of trading in a new issue are required to be reported within fifteen minutes of the time of trade execution. For example, transactions between the syndicate manager and syndicate members "takedown" transactions that are at prices other than the "list offering price" must be reported within fifteen minutes of the time of execution.

Similarly, transactions done at offering prices that have not been publicly announced, e. When a dealer effects a trade in an issue it has not traded in the past year and does not have CUSIP numbers and indicative data for the issue in its securities master file used to process trades for confirmations, clearance and settlement, it is allowed three hours to report.

Note this exception is not available for syndicate and selling group members. RULE G - June 18, The MSRB has received inquiries from dealers as to whether they must report purchase and sale transactions that arise from repurchase agreements as "transactions" under Rule G, on transaction reporting.

Typically, a bona fide, properly documented repurchase agreement "repo" is an agreement consisting of two transactions whereby one party purchases securities from a second party, and the second party agrees to repurchase the securities on a certain future date at a price that will produce an agreed-upon rate of return. The parties may be dealers, investors, or others. There is a repo program known to the MSRB in which one party to the repo transaction is a dealer and the other party is a customer, so this type of repo results in a sequence of two customer transactions.

The Transaction Reporting Program, which disseminates prices of municipal securities trades reported to the Board by dealers under Rule G, has an objective to provide price transparency about the current market. Repos, however, are not the type of transactions that were intended for reporting under Rule G This is because the paired transactions of a repo function as a financing agreement and the underlying transactions, while technically purchase-sale agreements, are not necessarily effected at market prices.

Since there is no way in today's batch Transaction Reporting System to suppress customer transaction reports from being portrayed as market prices, dealers should not report repos to the current Transaction Reporting Program. Such reporting will support the creation of a complete "audit trail" for market surveillance purposes. The indicator in this case will cause the trade to be suppressed from publication to avoid misleading transparency reports. When the RTRS Specification is amended to add the value for "repo not at market price," an effective date will be stated for required reporting of such repos.

Between January and the effective date of the amended Specification, dealers have the option to report such repos, or not, depending upon the configuration of their trade reporting systems.

Before the effective date, if a dealer reports a repo that is a customer transaction away from the market, the report should include the value "R" in the SPXR field, to indicate that it is a non-market price with "reason not listed" among currently used values.

See "Real-Time Transaction Reporting: The MSRB also makes public price information on municipal securities transactions using data reported by dealers. One product is the Daily Report of Frequently Traded Securities "Daily Report" that is made available to subscribers each morning by 7: Currently, it includes details of transactions in municipal securities issues that were "frequently traded" the previous business day. For daily feedback on customer trades reported, the MSRB provides dealers a "customer report edit register" on the day after trades were submitted.

This product indicates trades successfully submitted and those that contained errors or possible errors. Inter-Dealer Transactions Even before Rule G imposed requirements for transaction reporting, MSRB Rule G f , on use of automated comparison, clearance and settlement systems, required dealers to submit data on their inter-dealer transactions in municipal securities to a registered clearing agency for automated comparison on trade date "T". NSCC provides the automated comparison services for transactions in municipal securities.

However, satisfying the requirements for successful trade comparison under Rule G f does not, by itself, necessarily satisfy a dealer's Rule G transaction reporting requirements.

In addition to the trade information necessary for a successful trade comparison, Rule G requires dealers to submit accrued interest, time of trade in military format and the effecting brokers' both buy and sell side four-letter identifiers, also known as executing broker symbols "EBS". Late or Stamped - The frequency with which a dealer causes an inter-dealer trade not to compare on trade date is reflected in the "late or stamped" statistic.

Trades that do not compare on trade date are ineligible for the Daily Report. The statistic is an indication of how often a dealer submits a trade late or stamps its contra-party's advisory, and is expressed as a percentage of the dealer's total compared trades. Because this statistic includes both "when, as and if issued" and regular-way trades, it provides a comprehensive analysis of the timeliness with which a dealer reports its trades.

Invalid Time of Trade - This statistic reflects the total number of trade records submitted by a dealer in which the time of trade is null or not within the hours of to Accurate times of trade are essential to regulatory surveillance because they provide an audit trail of trading activity.

Uncompared Input - A high percentage of uncompared trades may indicate that a dealer is submitting duplicative trade information, inaccurate information, or is erroneously submitting buy-side reports against syndicate takedowns. It is a violation of Rule G to submit trade reports that do not accurately represent trades. Moreover, Rule G f requires that dealers follow-up on inter-dealer trade submissions that do not compare in the initial trade cycle by using the post-original comparison procedures at NSCC.

Trade reports made to MSRB and NSCC that never compare are a concern because they either represent inaccurate trade input or indicate that the dealer is not following-up on uncompared trades using the post-original comparison procedures provided by NSCC. Compared but Deleted or Withheld - This statistic represents deleted or withheld trade records and is a percentage of all compared trade records. Compared trade records that are subsequently deleted or withheld are a concern because these trades may have previously appeared on the Daily Report.

While it is sometimes necessary to correct erroneous trade submissions using delete or withhold procedures, this will be an infrequent occurrence if proper attention is paid to transaction reporting procedures. Dealers that have a high percentage of such trades should review their procedures to determine why transaction data is being entered inaccurately.

Executing Broker Symbol EBS Statistics - These statistics indicate the percentage of trade submissions for which the field identifying the dealer that effected the trade is either empty or contains an invalid entry. These statistics are compiled for every member of NSCC. The compatibility of correspondent dealer and clearing broker reporting systems also may need to be examined.

A stamped advisory essentially is a message sent through the NSCC comparison system by the clearing firm on one side of a trade indicating that it agrees with the trade details submitted by the contra party.

A significant percentage of stamped advisories is a concern for two reasons. First, trades compared via a stamped advisory cannot be published in the Daily Report because they do not compare on trade date.


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Home Product TabOUR PRODUCTSLatestBest Seller Special PW-D $ Add to cart Add to Wishlist Product added! Browse Wishlist The product is already in the wishlist! Browse Wishlist Compare PY-E $ Add to cart Add to Wishlist Product added! Browse Wishlist The product is already in the wishlist! Browse Wishlist Compare . SRB Trading has been a leading manufacture of fine jewelry and we've taken great pride in establishing personalized relationships with our customers. Our main goal is meeting all of our patrons growing needs and desires. 

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SRB Trading and Transport is a cross-border transporting company specializing in consolidated loads to Zimbabwe. We service companies that need to have goods transported between South Africa and Zimbabwe only. srb Welcome to SRB Trading, I trade the Forex & Commodity markets using various methods including Technical Analysis, intraday price action and swing trading techniques. With a wealth of knowledge and experience, I provide weekly analysis and forcasts for the trading week ahead on Youtube, Facebook and Instagram.

Srb Trading, Inc is in the Health Foods business. View competitors, revenue, employees, website and phone number. The latest Tweets from SRB Trading (@srbtrading). Technical Analyst. Birkenhead, England.

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