In the fourth quarter of 1998, we expanded into two new markets in Europe and made significant investments in our operation in Hong Kong. The risk department has the authority to implement risk-reducing trades in any profit center worldwide in order to achieve firm-wide compliance with risk limits.
These gains and losses may differ on a daily basis from gains and losses determined based on the daily quoted closing prices. When a business sells shares to raise equity it is effectively reducing its control and ownership over the company.What is Authorized Capital & Issued Capital ? Urdu / Hindi
Structure, Allotment and Transfers Share Capital: We believe our future growth and profitability will depend largely on our continued investment in new technology systems and personnel.
We have derived the summary historical consolidated income statement information for the years ended December 31, 1994 and 1995 from our audited consolidated financial statements and their notes. The ultimate success of our financial engineering, risk management and market-making functions depends on our ability to develop our professional employee base.
We and our officers and other employees may, in the future, be involved in similar claims. Whether it consisted in funds, or in property, we are not informed and it is not material to our consideration.
For financial information that reflects pro forma. For IT and non-IT systems, our year 2000 plan includes six phases: If we do not actively participate in these ECNs or other alternative markets, we may experience a reduction in our order flow. There may not be a liquid secondary market for an option or futures contract we hold when we wish to close out our position.
Default risk may arise from events or circumstances which are difficult to detect, including fraud. You should read the summary consolidated financial information together with "Management's Discussion and Analysis of Financial Condition and Results of Operations," our unaudited pro forma consolidated financial statements and our consolidated financial statements and their notes included in this prospectus.
Another advantage is that there is a much lower risk that the business will become bankrupt. Trading Staff. Our actual results may differ materially from those anticipated in the forward-looking statements.
Same was sold through its own salesmen and nearly all of it was sold by the end of 1931. Our risk and capital oversight committee reports all violations of risk limits to our executive committee.
Executive Committee. In the case of a violation, the portfolio manager is responsible for taking action to reduce risk exposure in an amount sufficient to bring that profit center into compliance with approved limits.
For example, when calculating the VaR numbers shown below, we assumed that asset returns are normally distributed.