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OASIS #1

This is the first issue of the brand new magazine which is provided by the creative team F.I.S.T. (Kyiv V. Hetman National Economic University, Ukraine) in cooperation with Ukrainian Exchange. The main goal of our project «OASIS» is creation of a new sourse of financial information and education support in XXI century. This magazine is a kind of guide in the world of stock exchanges. F. - faculty of

I. - information S. - systems &

T. - Tecnologies

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F.I.S.T. Content Editor in chief

Sviridov Igor / [email protected] +380667988593 Editors

Gontar Darya / [email protected] Los Valerya / [email protected] Creative support

Vernigor Andrey Vasilchenko Sergiy Design

Sviridov Igor Gontar Darya Partners: Ukrainian Exchange

Chief editor’s word

Hello, world! Today my creative team and me are happy to represent for you the special project about stock exchanges. As for me, self education is the only way to success. And we tried to create the new sourse for self development. Thus, this magazine is named «OASIS» as the guide for people who are passionate about finance and, more precisely, about S.E. Hope you enjoy it!

Meet the Wall-street!/page 4/ Tokyo stock exchange (TSE) /page 6/ London stock exchange /page 8/ SGX, Hotel & «Gardens by the bay»/page 10/ Laos stock exchange/page 14/ Irish stock exchange/page 16/ Ukrainian exchange/page 20/

Contacts: +38050 (44)495-7474 Horizon Business Center, 6th floor, 42/44 Shelkovichnaya Str., Kiev, 01004, Ukraine Journalists

Gorbenko Andrey Nelipa Anna Makarenko Olena Gontar Darya Shchur Andrey Pozdnyakova Veronika Zagorulko Andrii Los Valerya Krivda Viktorya

The business of 21st century /page 22/ The best movies about exchange and traders! /page 24/ Rest of true traders/page 28/

F.I.S.T. - 2013

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Meet the Wall-Street! It needs neither introduction nor promotion. It’s simple and ordinary name tells a lot to those who are desperately in love with financial markets, derivatives and hell lots of other alien terminology. So meet «Wall street» - «motherhood and sweet home» for all financial operations speculations and desperate survival of those who destined themselves for this lust race. Wall st. is situated in heart of financial district of New York and serves as it’s lungs and pulse. Ironically, every second spent on Wall Street costs millions of dollars, except weekends and holidays when it rests before new awakening for creating money. Oh sorry. That was a joke. It never stops financial games! Well, there is no wonder for such popularity and importance of Oasis/04

this part of the New York financial district. It contains the most influential and powerful banks of America, stock markets, hedge funds, which in its complexity are busy in creating tons of money. Just reasonable to say that being on wall Street is equal to being among the fastest and most risky and venturous buyers and sellers in the world.

Things that happens on wall Street every day “a priory” makes the other world to change, as the density of money and it’s speed, that are circulating through this district has so much influence and butterfly effect, that it can’t stay unnoticed in the world. It’s even comparable with the Einstein’s theory and famous formula for energy E=mc2, where we can define amount of money as it’s mass “m”, and the speed of money as “c”. All together will become it’s potential energy for money, and it’s power onto wall street grows dramatically everyday. Over time, the term has become a metonym for the financial markets of the United States as a whole, the American financial sector (even if financial firms are not physically located there), or signifying New York-based financial interests. It is the home of the New York Stock Exchange, the world’s largest stock exchange by market capitalization of its listed companies. Several other major exchanges have or had headquarters in the Wall Street area, including NASDAQ, the New York Mercantile Exchange, the New York Board of Trade, and the former American Stock Exchange. Anchored by Wall Street, New York

City is one of the world’s principal financial centers. Wall Street in a conceptual sense represents financial and economic power. To Americans, it can sometimes represent elitism and power politics, and its role has been a source of controversy

throughout the nation’s history, particularly beginning around the Gilded Age period in the late 19th century. Wall Street became the symbol of a country and economic system that many Americans see as having developed through trade, capitalism, and innovation. For those who are fond of money, Wall Street can become real cultural phenomena, a powerful cult which has proved its essence through ages. Whatever its essence would be. Author: Gorbenko Andrey Oasis/05

The Tokyo Stock Exchange (TSE) The Tokyo Stock Exchange (TSE), located in Tokyo, Japan, is the third largest stock exchange in the world. The exchange was established on May 15, 1878 and trading began on June 1, 1878.

The major functions of the TSE are to provide a market place, monitor trading, list stocks, monitor listed stocks, and supervise trading participants. Top management is comprised of nine directors, four auditors, and nine executive officers, Oasis/06

headed by acting Chairman and CEO Taizo Nishimuro. By the 1920s, when Japan experienced growth in their economy, trading stocks over bonds, gold, and silver currencies became usual. The exchange was shut down in 1945 and reopened in 1949 under the guidance of American authorities after World War II. Today, the TSE currently lists 2,375 domestic companies and 27 foreign companies. The TSE accounts for 90.6% of all stock transactions in Japan, dwarfing its rivals, The Osaka Stock Exchange (4.2%) and The Nagoya Stock Exchange (0.1%). Standard trading hours are from 9:00 a.m. to 11:00 a.m. and 12:30 p.m. to 3:00 p.m. Stocks listed on the exchange are divided into three sections: the First Section - for large companies; the Second Section - for middle sized companies; and the Mothers Section - for highgrowth companies.

The aim of the exchange is to create favorable conditions for the circulation of stocks, taking into consideration the interests of all participants in transactions with shares, in the first place, members of the exchange. It defines the features of its budget. The incomes of the exchanges consist mainly of membership dues and fees for the registration of the new shares.

The mechanism of buying and selling shares on the Tokyo Stock Exchange seems to be quite simple: the investor gives order to his familiar company "A" to purchase a number of shares at a certain price. Another investor through his company "B" gives an indication to get rid of the shares. Independent stockbroker, called “saytori",

coordinates the proposals of brokers "A" and "B" and gives permission to the deal. Saytori has two principles: the priority to higher prices and the order of the proposals. But in fact, the mechanism is much more difficult - all offers are carried out with a powerful information system that keeps a record of offers, gives notice and informs people. The main indices tracking the Tokyo Stock Exchange are the Nikkei 225 and the TOPIX. The Nikkei average is an index of companies selected and calculated by the Nihon Keizai Shimbun, Japan’s largest business newspaper. It is a price-weighted average and is the most watched index for Asian stocks. The TOPIX measures all First Section listed companies. According to TSE, the TOPIX is considered as the most appropriate benchmark for evaluating portfolio management.

Author: Nelipa Anna Oasis/07

London stock exchange Its hard to imagine the modern economy without stock exchanges. And I would like to pay an attention to one of the largest exchanges in the world – London Stock Exchange. Began it’s life in London coffee houses of 17th century, it became the largest and the most important exchange in Europe.

members of the London Stock Exchange. Nearly 2,494 companies from over 70 countries are listed on the London Stock Exchange with a total market value of 3.8 trillion British Pounds. During the 17th century, stockbrokers operated from Jonathan’s Coffee-House. A broker

So, London stock exchange is one of the oldest and the forth largest exchange in the world. Also London stock exchange is the most international exchange. More than 500 firms, mainly investment banks and stockbrokers, are

John Casting started listing the prices of a few commodities, exchange rates and certain key provisions in 1698. But this was not a daily list and was published only few days on week.

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In 1773, the brokers build their own building in Sweeting’s Alley, with a room on the ground floor, where they conduct transactions, and a coffee room above. This location was known as «New Jonathan’s», but it changed the name to «The Stock Exchange». The present location of the London Stock Exchange is in Paternoster Square, close to St Paul’s Cathedral in London. For the entire period of its existence the London Stock Exchange was closed only once: from the end of July 1914 until the 4 January 1915. The London stock exchange has four core business areas: - Capital markets enable companies from around the world to meet together and plunge into the biggest investment environment. - Trading Services provides a fast and efficient trading platform, that is used by brokers and firms around the world to do an operations with securities. - Information Services gives real-time information ranging from data on individual trades and share price movements and news to the financial community. - Derivatives expanding to become the most efficient and liquid market for equity

derivatives. There is a hope to move the LSE beyond its core equities markets. The daily turnover traded in 2013 was approximately 4 billion British Pounds and the daily number of trades was nearly 620 thousands. Live financial broadcasts are transmitted during all day from the Exchange's own TV studios. The major indices on the London stock exchange are the FTSE 100 Index, the FTSE 250 Index, the FTSE 350 Index, the FTSE SmallCap Index and the FTSE AllShare Index. The FTSE 100 Index comprises 100 companies with the highest market capitalization listed on London Stock Exchange. The FTSE 250 comprises next 250 mid-capitalised companies. The FTSE 350 Index is a combination of the FTSE 100 Index of the largest 100 companies and the FTSE 250 Index of the next largest 250. The FTSE SmallCap Index consists of the 351st to the 619th largest listed companies. The FTSE All-Share Index comprises around 1000 of more than 2,000 companies traded on the London Stock Exchange.

Author: Makarenko Olena Oasis/09

SGX, Hotel and “Gardens By The Bay” No one has a doubt – our world is racing in development. Now, laptops and Internet are just things we can’t live without. Well, somebody may do, but it’s not about traders. These geek people spend 24 hours per 7 days in front of computer monitors. It is not because they need to ( of course they do), but because they want to. By observing market news and analyzing graphs, traders make money and feel themselves like owners of financial world. Such selfconfident and risky persons prefer working every day to holidays. Still, if they do have a vacation, it will be highly-developed, well-known and a bit exotic country. When we are talking about “highly-developed”, the first thing that comes up in mind – Singapore. Truly, this is the most economically stable state. Who could imagine this British Colony, which gained independence in 1965 as The Republic of Singapore, will become parliamentary republic, with the world’s highest percentage Oasis/10

of millionaires, with the most technologically advanced military in Southeast Asia and where about 40% of Singapore’s residents are foreigners. This country is young and diverse. It has many languages, cultures and religions for a country its size. But the most attractive thing in Singapore for traders is SGX. SGX (Singapore Exchange Limited) is an investment holding company located in Singapore and providing different services related to securities and derivatives trading and others. SGX is a member of the World Federation of Exchanges and the Asian and Oceanian Stock Exchanges Federation. It has representative offices in Beijing and London. Besides, SGX has entered a partnership with NASDAQ OMX. Working hours of SGX are very simple. Trading sessions are held daily from Mondays to Fridays between 9.00am – 5.00pm. In addition, there is an Pre-Open Routine (8.30am – 9.00am) and Pre-Close Routine (5.00pm –

There is no trading on Singapore public holidays. When a holiday falls on Sunday, the following Monday will be a public holiday. Trading on the eves of Christmas, New Year and Chinese New Year will be from 9.00 a.m. to 12.30 p.m. The Opening Routine will be from 8.30 a.m. to 9.00 a.m. and the Closing Routine from 12.30 p.m. to 12.36 p.m. The main feature of SGX, that attracts investors, is dual currency trading. SGX introduces dual currency trading for selected securities counters, offering investors an option to trade in two different currencies for a listed security. Under dual currency trading, the listed security can be traded in two different currency denominations (for example, USD and SGD) and shares/units holdings are custodised as a consolidated pool at the depository end. The introduction of this functionality provides more cost efficiency to investors as they are able to trade securities that are listed in a foreign currency in their local currency and also to trade the listed security in both currencies without having to have separate unit holdings at CDP. Going further, let’s admit: SGX is not enough. Moreover, Singapore has a lot to offer for tourists.

If you are keen on your trading and can’t spend a day just relaxing, still Singapore will be the best place to work in! You arrive in the airport of Changi, pass under music on carpets with flowers, sit down in a taxi — and in half an hour you in the center: in the city fine outcomes. Efficiency mad. You can begin there the working day very much early. Within walking distance restaurants, where it is possible to carry out couple of meetings during the day. If it is necessary to go to the business partner, all large business centers in ten minutes by a taxi at most. Everywhere there is wi-fi. It is possible to spend time efficiently in cafe where it is full of people with laptops — many Singaporeans, having received from the state money for business development, don't spend them for office. And it is possible to come into beauty or massage salon, they are continually, choose any — in Singapore everywhere purely and safely. For instance, you can come onto acupuncture massage – settle more conveniently with a laptop in a chair on a half an hour and receive incredible pleasure, while doing your business. Oasis/11

At last, you found a place to stay Before arriving in Singapore, you may book a hotel with a very in for a vacation and understood that “exotic” name – Traders Hotel. you could work every day and had a desirable satisfaction with a resort. However, something is incomplete. The point is, even a trader must be a curious tourist. Remark: not “even a trader”, because his life’s work just “screams” about his dependence on extreme, risk and excitement! Singapore is just full of amazing sites! So here are some list of “must go” places for traders of any age: 1. Esplanade Theatres on the Bay – Singapore Concert Hall. It’s a hotspot for many recreational activities, live music and arts It is a really gorgeous location performances, its programme is at the quiet end of Orchard Road. full of line-ups through the year, This Hotel has 4 stars and provided ensuring that you’ll get art fix in the with all necessary facilities not only form of live music, dance, theatre, in the room, but also in the whole visual arts and performance arts. place.

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2. Gardens By The Bay. This is a park spanning 101 hectares of reclaimed land in central Singapore, adjacent to the Marina Reservoir. The park consists of three waterfront gardens: Bay South Garden, Bay East Garden and Bay Central Garden. Gardens by the Bay is an integral part of a strategy by the Singapore government to transform Singapore from a «Garden City» to a «City in a Garden». The stated aim is to raise the quality of life by enhancing greenery and flora in the city.

3. Universal Studios Singapore®. You can go beyond the screen and jump into the action . universal Studios Singapore is Southeast Asia’s only Universal Studios theme park, with 18 of its 24 attractions designed just for Singapore.

Don’t forget, Singapore is very miscellaneous state. It has a vast cultural peculiarities that are opened to learning. Who knows, maybe you will find yourself in this country!

Author: Gontar Darya Oasis/13

Laos STOCK EXCHANGE In this article I would like to talk about the smallest stock exchange, which is located in small country Laos. First of all , I would like to write about main information about this country . Laos, officially the Lao People’s Democratic Republic, is a landlocked country in Southeast Asia, bordered byBurma and China to the northwest, Vietnam to the east, Cambodia to the south, and Thailand to the west. Its population was estimated to be around 6.5 million in 2012. The Lao economy depends heavily on investment and trade with its neighbours, Thailand, Vietnam, and, especially in the north, China. Pakxe has also experienced growth based on cross-border trade with Thailand and Vietnam. The Lao People’s Democratic Republic, along with China, Cuba, North Korea and Vietnam, is one of the world’s five remaining socialist states espousing communism. In 2010, the Lao government sought technical and financial support from South Korea (Korea Exchange has a 49-percent stake in the LSX), as well as Oasis/14

advice from neighbouring Thailand, to help build the exchange. The glass-building cost $10 million dollars to build. It began operations on 11 January 2011. Communist Laos launched its own work Stock Exchange. Stock Exchange of communist Laos (The Lao Securities Exchange) opened January 11, 2011 in Vientiane. In the early days of the paper made its debut on the stock exchange of the two companies. This is a stateowned enterprise Laos: energy company Electricite du Laos Generation Company (EDL) and the bank - Banque Pour Le Commerce Exterieur Lao. Exchange of Laos is the smallest number of participants trading platform in the world. The number of foreign investors would be severely limited. Shares of Electricite du Laos Generation Company Private investors will be able to purchase an amount of not more than 3%, for foreign companies and organizations is available to 10% of the shares of the issuer. But shares of Banque Pour Le Commerce Exterieur Lao investors from abroad will not be able to acquire.

Analysts believe that the stateowned enterprises on the stock exchange will earn at least $ 8 billion in the next five years, which will help cover the cost of the investment. The volume of the first day’s trading was thin, about 2.14bn kip ($265,000; £170,000).

The Exchange has its own Internet site. The Lao Securities Exchange is promoting an equity investment culture among local stock investors and companies with listing potential in the aim to boost average daily turnover to one million shares by 2016 from 80,000 now. The LSX works closely with other parties to educate the public on the capital market through many activities, including seminars, even in the countryside. It views 50 companies and state-owned enterprises as showing listing potential. One of the obstacles to capital market development

is the lack of understanding among domestic investors and people. It is also difficult to encourage many companies and stateowned enterprises to list. The LSX has encouraged companies and state enterprises to adopt the International Financial Reporting Standards for accounting. The LSX has already developed the Home Trading System for online trading and is waiting for Securities and Exchange Commission approval to implement it. The government hopes that the opening of the stock exchange will enhance the country’s integration into the world economy and the accession of Laos to the World Trade Organization (WTO). Today the economy of Laos is one the weakest economies of south-east Asia. Communist state is considered one of the poorest in the region. The financial system of Laos is extremely vulnerable and unbalanced. The main sources of income of Laos - copper and gold mining, hydropower and tourism, but most people survive on subsistence farming. Analysts believe that Laos can discover good prospects expense of extraction of natural resources. Author: Shchur Andrey Oasis/15

The Irish Stock Exchange The Irish Stock Exchange (ISE) has a quite rich history. It originates from the end of the 18th century. At different periods in its history, the ISE included a number of regional exchanges, including the Cork and Dublin exchanges. In 1973, the Irish exchange merged with the other British and Irish stock exchanges becoming part of the International Stock Exchange of Great Britain and Ireland. In 1995 it became independent again and became The Irish Stock Exchange Limited - a company limited by guarantee.

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Each guarantor’s liability is limited to €1.27. The six guarantors are: • Campbell O’Connor and Company; • Cantor Fitzgerald Ireland Limited; • Goodbody Stockbrokers; • J & E Davy; • NCB Stockbrokers Limited; • Royal Bank of Scotland. The ISE is regulated by the Central Bank and authorised under the Markets in Financial Instruments Directive (MiFID).

The ISE has three markets: • The Main Securities Market (MSM), the principal market for Irish and overseas companies, which admits a wide range of security types such as equities, debt securities, and investment funds. The MSM is a regulated market as defined by Markets in Financial Instruments Directive (MiFID); • The Enterprise Securities Market (ESM), an equity market designed for small to medium sized growth companies • The Global Exchange Market (GEM), a specialist debt market for professional investors. The Irish Stock Exchange’s official equity index is the ISEQ 20, which includes 20 companies with the highest volume of trading and the largest capitalization. The index includes the following companies: Allied Irish Banks, Aryzta, Bank of Ireland, CRH, C & C Group, DCC Plc, Dragon Oil, Élan, FBD Holdings, Glanbia, Grafton Group, Greencore, Independent News & Media, Irish Life and Permanent, Kerry Group, Kingspan Group, Paddy Power, Ryanair, Smurfit Kappa Group, United Drug. The Irish Stock Exchange employs the following security identifiers with regards to securities listed or quoted on its markets:

• SEDOL Code (Stock Exchange Daily Official List); • ISIN Code (International Securities Identification Number). The SEDOL code is used to uniquely identify a particular security on the Irish Stock Exchange Daily Official List. It is also used on the London Stock Exchange. The code is made up of a 7-digit alphanumeric code. ISIN Code is a unique international code which identifies a security. Each country has a national numbering agency which assigns ISIN numbers for securities in that country. The Irish Stock Exchange is the national numbering agency for the Republic of Ireland and issues ISIN codes for all Irish incorporated entities.

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Equities and ETFs trading on ISE Xetra are settled in Euroclear UK & Ireland and cleared by Eurex Clearing AG. Debt securities are settled in Euroclear Bank Brussels, DTCC and Clearstream Banking Luxembourg. Irish Government Bonds are settled via Euroclear Bank Brussels. Settlement Cycle is T+3, although alternative settlement periods can be bilaterally negotiated. To speak about Central Securities Depository, for equities and ETFs the CSD is Euroclear UK & Ireland; for debt securities, three CSDs are recognise: Euroclear Bank Brussels, DTCC and Clearstream Banking Luxembourg; for Irish Government Bonds, the CSD is Euroclear Bank. There are no commissions applied by the Exchange other than normal exchange bargain charges. Stamp duty of 1% is payable on the purchase of Irish equities to the Irish revenue (it is not payable on ETFs and Irish Government bonds). Taxes on dividends, interests depend on residency and domicile of individual/entity involved.

In 2011 there was a requirement on an individual/entity to disclose «major interests in shares», which is a holding of 3% or more of the voting share capital of a company listed on the Irish Stock Exchange. Short selling exists on IES but this practice is prohibited in relation to Irish bank stocks since 19 September 2008 by the central bank of Ireland.

Author: Pozdnyakova Veronika Oasis/18

Ukrainian Exchange Established in October 2008, Ukrainian Exchange has become one of the fastest developing exchanges in the world. Now it offers trading in a wide array of financial instruments ranging from cash equities to futures and options. With a 43% stake in the capital of the Ukrainian Exchange, Moscow Exchange is its main shareholder. The remaining stocks are held

for the Ukrainian securities market. Currently the Ukrainian Exchange offers trading on the following markets: • Order-driven market is an anonymous market where trades are executed based off a continuous double auction, with settlement in hryvnas on T+0 and with 100% advance depositing of securities or cash.

by over forty local investment institutions. On March 26, 2009 the Ukrainian Exchange launched UX Index, the first real time cash equities index in Ukraine. Now UX Index tracks 10 most liquid and highly capitalized local shares and is widely recognized as the main benchmark

• Quote-driven market is a market for non-anonymous quotes without the need for advance depositing of securities or cash. Market participants may negotiate the terms of trades to be executed based on these quotes (T+N, where N=0…10).

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• Repo marketis a market where market participants may lend money against securities (and other way), the terms of trades to be executed is T+N, where N=0…365. Offers the easiest way to lend money against securities, or the other way round. • Derivatives market was launched in May 2010. Currently 2 contracts are available for trading. These are futures and options on the UX Index available for trading. At the moment the Ukrainian Exchange is the leading local market operator for both equities and derivatives. UX markets operate on robust electronic platforms meeting international standard that support direct market access and algorithmic trading. Ukrainian Exchange continues an active cooperation with international organizations. So, on the October 14, 2012 at the meeting of the Board of Directors of WFE (World Federation of Exchanges) in Taipei, Republic of China (Taiwan) Ukrainian Exchange became the affiliate member of WFE.

In 2011, Ukrainian Exchange was granted a status of a corresponding member of WFE, and by now we have raised our status higher in WFE scale. It’s very important for us, that our colleagues from World Federation of Exchanges appreciated the Ukraine’s regulated stock market. Our next goal is to become a fullfledged member of WFE. This is of considerable importance not only to the Ukrainian Exchange and its clients; it will be quality appraisal of our market. The cooperation with WFE gives us the opportunity to use the experience of developed countries and world stock exchange industry to develop the local market infrastructure, and improve our regulation. In addition, Ukrainian Exchange continues to work closely with the FTSE. At the moment Ukraine is in a Watch List of FTSE County Classification with the opportunity of getting to the Frontier Markets country list.

Contacts: +38050 (44)495-7474 Horizon Business Center, 6th floor, 42/44 Shelkovichnaya Str., Kiev, 01004, Ukraine Oasis/21

THE BUSINESS OF 21ST CENTURY «According to Beverly Adler in America more than five hundred thousand millionaires and 20% of them have acquired their fortune in the last 6 years in the multilevel marketing system» Bob Andrews When I was in USA I was really surprised when I saw the reaction of people when they had heard about multilevel marketing (or MLM)… and you know why? The reaction was normal. I mean they did not start to cry or say that you are crazy. And now try to imagine the reaction of Ukrainian man or woman who had just heard something about MLM. Did you? Why when a lot of people come to the some clothes shop and have an argue with a seller they blame a seller but they still will go to this shop which is situated on the other street. And now why when they see some fanatic man or women who tries to sell them some toothpaste on the Oasis/22

street and tell them a lot of crazy information about MLM they blame all the system? It is generally accepted that the first multi-level marketing plan was introduced in 1945 by the California Vitamin Company (shortly afterwards to become Nutrilite). The plan allowed Nutrilite distributors with at least 25 regular customers to recruit new distributors and draw a 3 percent commission from their sales. Unlike traditional direct selling, this was an ongoing payment whenever the customer re-ordered, allowing direct sellers to build a sales organization that could generate a residual-like income.

Do you know that the Direct Selling Association, a lobbying group for the multi-level marketing industry, reported that in 1990 twenty-five percent of members used MLM, growing to 77.3 percent in 1999. Companies such as Avon, Electrolux, Tupperware, and Kirby all originally used single level marketing to sell their goods and later introduced multi-level compensation plans. By 2009, 94.2% of members were using MLM, accounting for 99.6% of sellers, and 97.1% of sales. Actually, we can spend a lot of time deciding MLM is good or bad. Everybody knows now that we have

a lot of different financial pyramids in every country, especially in Ukraine where people like easy money, but you always can find a difference between multilevel marketing and financial pyramids. It is the best time to use this system of business in Ukraine now. I saw in USA how it works, it is not just an utopian idea . Multilevel marketing is just an opportunity which you can accept or not and this is correct, because this is your choice. I only think that MLM is the next step in marketing progress and you just have to accept it.

Author: Zagorulko Andrii

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The best movies about exchange and traders!

Sometimes you want to relax and to see a good movie. But you can combine business with pleasure and see movies about traders and exchange. Certainly you shouldn`t expect to receive a special knowledge, but at least you get a boost of motivation.

The main film about traders in the cinema history is “Wall Street”. This is the story about the consequences of Insider Trading and a desire to make a lot of money. Oasis/24

Bud Fox is young and extremely ambitious stockbroker, who lives in the heart of the world, where everything has a price and everything can be bought and sold. He is determined to get to the top, to become the best. Seeking for support he meets with the wolf of Wall Street Gordon Gekko and he reveals to Bud the secrets of mastery. Bud gets all the pleasure as quick money, chic women; rushing flow of funds gives him more money, more luxury, more facilities, more temptation. The only need is to reach this catch. You need to forget about everything except the main principle :“ Greed is right. Greed works.” The main antagonist Gordon Gekko became a role model for thousands of managers, who came to Wall Street after watching this movie. The real story of Nick Leeson, who caused the collapse of Barings Bank, the United Kingdom's oldest bank, you can see in the film “Rogue trader”.

Major and a highly respected bank “Barings” hired young quickwitted specialist Nick Leeson. То kill two birds with one stone, Nick was assigned to do the accounting of assets and to trade on the stock

exchange at the same time. But soon besotted by his first success and huge earnings, Nick made several serious mistakes, losing a great deal o f money. Trying to hide his losses, an astute banker thought up a crafty fraud, thus he continued to lie and to use dark financial schemes and forgery. This situation seemed to be inconsolable. Unwittingly you start to admire his overweening and foolish behavior, so you watch the movie attentively and empathize with the main character. “Margin Call” is a film, that shows us the beginning of the last financial crisis.

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The story starts at September, 2008. The global financial crisis had already begun, but the USA yet hadn`t known, what disaster would happen; only a group of top-managers on Wall Street had been trying to find way-out. One of the greatest investment bank employee forecasted with the latest market analysis software, that shares would fall, a stock market would crash, a bank would lose everything. Next morning he was discharged because of staff reduction and before leaving he gave an USB flash drive with this information to his former assistant. Towards evening the best bank analysts, after checking this forecast, understood, that the crash was inevitable. So they chose between two variants: to begin an immediate unloading of stock and that’s why major shareholders and millions of depositors would be leaved with nothing or to await further developments, which was riskily because of the possibility of losing everything. The movie is full of dialogs which are incomprehensible for Oasis/26

people, who do not understanding of the financial markets, but the great cast of this movie motivate you to watch this film.

The sequel of famous film “Wall Street” “Wall Street: Money Never Sleeps” is quite good. After serving eight years Gordon Gekko was released from prison into a whole new world, which was standing on the threshold of the financial crisis. His methods of work were outdated and his reputation was not good. But it was he who was chosen as a partner by Jacob Moore. So Gordon Gekko and Jacob Moore made a deal: a young trader had to help an old man to establish relations with his daughter,

who hadn’t communicated with him for 11 years and had accused him for suicide of her brother; and Gordon had to help him, who courted a girl, to reach the top of the career ladder. Certainly a previous part is not comparable to this film, but it may be recommended for an ardent fan.

“The Pursuit of Happyness” is a movie based on a true story about a man named Christopher Gardner – a single father forced to live out in the streets, who underwent hardship and then open his own brokerage firm and earned millions of dollars.

Author: Los Valerya Translate: Lavronenko Alena Oasis/27

Rest of true traders As every subculture traders have favorite habitat and places of “pilgrimage”. For example, it’s sure, that every self-respecting trader visits a bull on the Wall-Street. Moreover, there are places created especially for market professionals and for those who want to plunge into the investment environment. ExchangeBar&Grill in NewYork enables to play with the quotes not only on exchange, but also on menu. Prices on dishes are not fixed, they change depending on supply

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and demand. All current quotes of dishes are shown on the ticker on a special board. ExchangeBarandGrill clearly shows its clients principles of market economy in operation: high demand increases prices and low demand – decreases. Those clients, who are not very choosy in food, may save not a little money, buying not very popular dishes, and vice versa.

НarrysCafe&Steak, located in three blocks from Wall-Street, has been favorite place of traders since 70’s. Financiers met there to celebrate a good deal and just to communicate. Restaurant was very popular at one time, it was even mentioned in books and movies, for example in “The Bonfire of the Vanities” by Tom Wolfe. WallStreetBar is a recently opened club for stock market professionals in Moscow. At all WallStreetBar focuses on games. The game “friend-or-foe”

acts for random visitors and owners of club tokens with bull and bear on heads and tails. Only ground floor is free-for-all, lower floors are available only for club members. Through four monitors above the bar BloombergProfessional users show information they are interested in. These monitors also may be used for watching a TV channel you need, and there are four old-fashioned phones, so you can hear the sound with the help of handset.

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There is one more Russian bar for traders and investors “Sybarite”. It is thematic due to specific decor and “exchange menu”: “Trading Strategy” (Beef steak), “Great Investor” (Beef stroganoff), “Bold Trader” (Roast chicken), “Market Bigwig” (Dorado with garlic sauce). WaterHouseCapital isn’t limited only by dealings, but also promote cultural actively, so barrestaurant “Sybarite” is established for everybody to have a possibility of informal communication and have rest with people, who know and understand, how market functions. The name of the bar-

restaurant “Sybarite” was chosen not by chance, it is named in honor of Ancient Greek colony Sybaris, which was famous for its wealth and luxury. It is cozy place with nice cuisine, bar, original atmosphere with aquariums and screen, which show quotes from financial markets; due to this place people have an opportunity to communicate with traders, to make acquaintance with company’s direction, to consult with analysts, to share their experiences in informal atmosphere Bon appétit! ;)

Author: Krivda Viktorya Translate: Lavronenko Alena Oasis/30

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F.I.S.T. - 2013