Wednesday, March 11, 2009

Resolution under FSA investigation

Resolution Limited has revealed that the former chairman and executive directors of Resolution Plc - now Pearl Group - are under FSA investigation.
The directors under investigation include Resolution Ltd's current chairman Mike Biggs, who continues to lead the company, entrepreneur Clive Cowdery and executive directors Ian Maidens, Jim Newman and Brendan Meehan.
The investigation covers the period between October 2007 and May 2008, when the Resolution/ Pearl deal was being negotiated.

Resolution Ltd says it does not expect to complete any acquisitions under its role as a consolidator of life and other financial services sector opportunities until the investigation is complete, but it will continue to research opportunities.

The Resolution board has temporarily appointed Phil Hodkinson as senior independent director to chair a special committee comprising directors other than the chairman.
The current Resolution board includes former FSA chief executive John Tiner, but he is not one of the individuals under investigation.
Resolution completed a £600m stock market flotation in December 2008


[Sigma Contract Specification]

Sigma Forex provide the clients with the lowest spreads in Forex Market for the most traded pairs and Forex spots.

Trading Hours
Sigma Dealing Room operate 24/5 from Sunday 23:00 CET until Friday 23.00 CET.
You Can contact us directly: + 41 435 004 145

Margin Requirements
The margin requirements must be respected by Friday at 23:00 GMT and before holidays.
One of our dealers will contact you if you are below your margin requirements at that time. Your margin requirements will depend on the client's account equity. However, if you approach the level where the loss of your open positions approaches the balance of your account, you will be stopped out and your positions will be closed. Stop positions will be executed when there is only around 50% equity of the required margin left in your account.

Streamline Dealing
Clients will not suffer Price Re-Quote that you can buy and sell directly on real-time prices without a request for quote (RFQ).
Clients taking advantage of wrong price quotes in the Market Watch will be requoted.
Sigma Forex effort is taken to ensure correct pricing at all times. However, there are rare circumstances when wrong prices are given.

Stop Order Execution
Volatile market conditions can result in prices gapping, which may prevent the execution of stop orders (sell stop, buy stop, stop loss) at the price you initially requested. However, our dealers strive to execute all stop orders at the price, or failing that, at the best attainable rate the market allows.

Lot Types
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Multi Currency Denomination

Sigma offers the ability to set-up accounts denominated in the following currencies:

• United States dollar (USD)
• Euro (EUR)
• Great Britain pound (GBP)
• Australian dollar (AUD)
• Swiss Frank (CHF)

There is no minimum deposit for opening an account, in order to review the spreads, pip value & margin requirement choose the required pair, leverage & the lot type.

If you have any problem regarding Sigma Contract Specification click on the Live Chat button on the right hand side and our customer support staff will help you through the process.

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