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Do Operators Run The Stock Market

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There is a general belief among most investors that markets are controlled by operators and it is no place for small investors. It is believed that the operators enriched themselves at the cost of small investors. Two scams of 1992 and 2002 had certain operators at the center of the storm. There were other star players in the market also in the past that had a big role to play in the market movements. Let us examine the validity of the statement that Stock Markets are run by operators.

An operator is a person who is supposed to drive the market price of a particular share that is he decides what should be the pricing of the share and whether it should go up or down. It is also believed that operators in association with the management of the company first acquire certain stocks in the market and subsequently through rumors and such other communication mechanism create a mass interest in the share. Subsequently once the general public starts believing in the companys prosperity the operators sells the shares and makes handsome profits. Some operators also use circuit mechanism of stock exchanges to hike the price. The circuit mechanism allows the operator to put an order at a price which is 3 to 8% above the previous days closing. Once the share hits upper circuit there are very few sellers in the market since they believe that if the share has hit upper circuit it is likely to go up further. This is the modus operandi of an operator. For an operator to be successful some factors are very
important. Such as connivance with the management, low capital base of the company so that manipulation can be done with very little capital and a mass following.

Is manipulation possible in high volume shares? Let us now look at the trading statistics reported by stock exchanges (data of a particular date). Top 30 scripts i.e. 10 in each group, account for 41% of turnover in NSE and 37% of the turnover in BSE. Both the Exchanges put together this translates in to a value of about 4100 crores on a daily basis. As per the market share reported of brokers by NSE (NSE Bulletin) top 10 trading members account for just 24% of the market share i.e. on an average each broker would have about 2.4% of the market across all company shares traded by the company. Hence, the dominance that a single broker can have on the volumes in the market is minimal in highly traded scrips.

Then we move to low value high volume traded scrips. As per the data is provided by newspapers separately on Quotations page, the aggregate value of shares traded in this category on a particular date was studied. The turnover for BSE in such scrips was Rs.34,03,470 i.e. .01% of total turnover and for NSE is Rs.20,28,050 i.e. 0.003% and in terms of number of shares traded it is 1.5 % in case of BSE and in case of NSE 0.45%. This is one area where low funds can help to move the prices and give a false sense of liquidity. Hence investors are advised to refrain from investing in scrip just because it is low value; the merit of the share should be looked into before making the investments.

The Stock exchanges have a system of guiding the investors on stock selection by way of classifying the companies into various groups. A group stocks are highly liquid and good performing companies. B1 group are again good performing companies with lesser liquidity then A group stocks. B2 are stocks that have low capital bases and less liquid. Companies that do not adhere to Listing agreement are categorized as Z group. These companies do not attend to investor complaints and fail to file various investor related information with the stock exchange such as quarterly working, book closure dates etc. Shares which have concentrated activity and unusual price movements are categorized in T 2 T or trade for trade settlement, ie every sale and purchase must result in delivery and positions cannot be squared off during the day. This classification should be kept in mind while selecting a company for investment. Stock exchanges also verify the news items appearing in leading

newspapers and get companies to clarify on rumours. This information is also of vital importance since operators and company managements at times plant false stories in newspaper to mislead the public.

Special laws have been put in place to act as deterrent to such manipulation. The Insider Trading Regulations and Fraudulent and Unfair Trade Practices regulations are the tools available to SEBI to taken action against those manipulating the markets. The punishment is maximum penalty of Rs. 25 crores and imprisonment. Both these laws have been enacted in early 2000. Hence their effectiveness will be proved only with efflux of time. Till the enactment of these laws the prosecution of persons indulging in market manipulation had to be tried under the general legal system, the delays in the same are not unknown to us.

We always blame the regulators, brokers and exchanges if scams happen in markets. However the menace of operators will go only if we stop following their leads in the market. Tips given by operators are widely followed, and so long as you make money on these tips we do not blame anyone. However once the operator weakens then there is fall in prices and the blame game starts. Operators are creations of society and the greed inherent in all of us. Easy money by riding the operators tips is a strong attraction. Scams bring down the prices of not only the shares which were manipulated by the operators but also all other fundamentally good shares also held by us. Mass following that the operators thrives on would be absent if we refrain from buying those shares that are remotely associated with any operator. Reporting wrongful activities of company managements, dabba traders and other market participants will help the regulator in directing their efforts on the wrong doers. Remember, being a spectator to a wrongdoing and not reporting the same is as bad as committing the crime.

Different Types Of Legal Services Offered By Solicitors

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If you are faced with legal issues, there is no other way of getting out or ahead of them other than getting assistance from someone who knows legal matters best. A lot of solicitors in the United Kingdom proliferate over the country to extend help to people who need to go through due processes. Every solicitor works on varied specialisations, and you should take it upon yourself that the firm of your choice is offering the legal service that you need.

An example of common legal services provided by solicitors is residential conveyance. House transfers can leave you stressed, especially the paperwork. Properties entail legal papers, and whether you are a greenhorn buyer or an experienced property developer, it can be beneficial to seek help from solicitors.

There are a lot of concerns regarding property ownership – but they can possibly work on it for you. Dealing with properties would mean having to deal with land registration, or possible mortgages. You might have queries about boundaries and how much claim you can acquire. These can be answerable by legal counsels who have gained years of experiences in handling legal land titles for different kinds of owners. Moreover, in the case of property developers, assistance can be addressed specifically to the likes of planning agreements, conditional contracts, pound acquisitions and unilateral undertakings.

Suppose you are planning to invest in a small-scale business. Eventually, if coupled with hard work and perseverance, you may develop into a multinational company. Chances are you need to keep your business on the road and you need a reliable team of law experts to take care of commercial legal matters.

Solicitors give assistance to private or public companies that want to put in effort for their company’s legalities. These people will work closely with you, like they are part of your team, and will work towards achieving the same goal as yours.

In a similar scenario, should you be caught off guard in a corporate crisis, there are groups of lawyers who can help you in difficult decision making to recover your investment and re-align your corporate goals. Solicitors will work as your ally, so that all transactions are marked with legality.

For employers and employees who share a working relationship, legal advice is indispensable. Both parties are covered by employments laws that are very well covered and defined upon contract signing – a proof of mutual agreement. For an employee’s part, solicitors can walk him through employments rights that are owed to him. Employers, on the other hand, can consult for legal advice regarding revisions of new contracts before they are implemented to new workers. Employment policies are dynamic and if an employer seeks legislation of new rules, implementation is possible through a revised contract. However, even in the best of companies, a power struggle between both parties is inevitable.

The line can be therefore drawn if there are rules to set things straight and there are lawyers who can give no-nonsense counsel. Consulting legal solicitors will pave the way for an honest appraisal of the matter, so that you will know where exactly you stand and the other will know where you are coming from.

Legal Process Outsourcing’s Point Of Inflection

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Depending on what you are reading and who you are talking to it can be unclear whether or not legal process outsourcing is making true headway in the legal industry. A report on some sites surfaced this week which discuss apparent reluctance to sending even simpler legal tasks offshore. The Lawyer reported how Integreons operations both in Fargo and in Bristol was cost prohibitive to the firms operations since clients do not prefer the LPO to send any work overseas. Its quite interesting that the LPOs clients, who give their business to Integreon, want the provider to perform work onshore rather than reap benefits of the lower cost offshore model which they signed on to profit from in the first place. Is this a trend in legal process outsourcing which has been largely synonymous with transmitting work overseas to the lower cost centers in India, Philippines and beyond? Or rather, does this story reflect the eve of an inflection point that will breed LPO differentiation to new service delivery models moving forward?

The reason for the differentiation question lies in the case seen in the Integreon story. Providers will adjust and offer service as dictated by their clients when it makes sense. Its a fact of doing business. Otherwise turning your back on clients doesnt bode well for your future business, and in turn helps your competitors who adjust and offer accordingly. But does this story actually make sense – to essentially abandon the offshore model which is the foundation for the cost savings and is at the heart of the law firm attraction to LPO?

Onshore arms do make sense to the LPO model if the delivery model finds a way for it to make it economically viable. Paying up to 90% of revenues to onshore salaries does not, but it could if fees could be raised to justify the overall service being provided. Or perhaps volumes will allow them to achieve economies of scale thus pushing them into the black. But this does call for another look at the overall legal outsourcing value proposition.

Cost savings, increased productivity, access to back office capacity – and the list could go on – but these are some of the driving forces behind the value of legal process outsourcing. However were witnessing a transformative period for the industry if the offshore reluctance holds true. It will, if it hasnt already, cause legal process outsourcing providers to ask themselves how they continue driving their operations and maintain the value to the client. The answer will lie based on their internal capabilities, their ability to react, and most importantly their innovative view of the service model. The winning model will achieve greater inroads in improving the central word of the industry name; Process. The industry as a whole must improve the process in which it interacts with clients and delivers their work products.

No matter the industry, business process exists in one way or another, and it in fact is almost always enhanced through the implementation o f technological solutions that make life easier for all those involved. It requires studying the end-to-end process between client and provider, and determining the areas of pain and opportunity to marry up with new tools, perhaps not yet envisioned. The fact is that technology has undoubtedly facilitated the LPO industry, but this inflection point is calling for a push to the boundaries of what technology will do for LPOs maturity in the face of client demands for onshore support. More mature, cutting edge platforms coupled with some level of onshore support must contribute to the value proposition and offer a complementary service to the overall offering of the provider.

If pieced together properly, the suite of services that the LPO provides may in fact dictate higher fees through the realization of increased service value. Or it may just at least maintain legal process outsourcings cost competitive edge. Either way it will create a factor of differentiation between pure play LPO providers who compete solely on cost, and those providers who seek to stand apart from the pack and offer an innovative approach to legal outsourcing.

How To Improve Your Relationships With The Law Of Attraction

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This is a really important topic for me since I have been blessed to have found my soul mate over 20 years ago. I met my wife Sally when she was 16 and I was 18 and we have been together since and celebrate 17 years of marriage this November. As anyone will tell you that has been in a long term relationship it will have its up and downs, but with work it can be the most rewarding experience of your life. Well it has been for me.

We all want great relationships in our life. Everyone wants a sizzling romance, great friends and a close family. However, relationships can be hard sometimes. Relationships can be challenging. Sometimes it seems like you do everything possible in a relationship, only to have it fail. It can be so frustrating watching how some people seem to have it easy with relationships while your own relationships are so much harder.

The people that have easy relationships are most likely using the law of attraction. Some of them may not even call it this, but they are probably using many of the principles of this law. the law of attraction can very easily improve your relationships.

Now there are some things that the law of attraction simply will not do for your relationships. It will not make someone have a relationship with you if they dont want to. the law of attraction is not like some sort of love spell that you can use to magically attract anyone that you desire. The Law of Attraction will easily and effortlessly attract and improve the relationships you are meant to have.

There is an important word to keep in mind when it comes to the law of attraction and relationships: trust. Trusting that you are having the right relationships. Trusting that the right relationships will come to you. Trusting that your relationships will work out. If you have a challenging situation with a relationship and you turn to the Law of Attraction, it is key to add a little trust. Just as with your relationships trust is essential, in using the Law of Attraction trust is also essential.

One of the easiest ways to improve your relationships with people is to remember that like attracts like. So what you are sending out into the relationship is coming back to you. That makes any relationship you have like a mirror, sending its reflection to face you. Do you like what you are seeing? If you dont, then maybe it is time to fix this relationship! Spend some quiet time in reflection thinking of how you could fix this relationship. Think about what you would like this person to give you and it is funny because that may be exactly what the other person is hoping you will give them! Remember that relationships are mirrors and that what we see is often our own reflection in someone else.

Every relationship you have right now is teaching you something. This is especially important with those frustrating and hard relationships. Put yourself in a quiet place and think to yourself what have you come to teach me? Perhaps they have taught you about patience by being impatient or about acceptance by being critical. Thank them for this lesson. Often as you learn this lesson, your relationship may change, soften or even let go in some way. The emotions in your relationship will change as you have discovered you have learned the lessons.

A great way to improve your relationships using the Law of Attraction is to express gratitude. This is for every kind of relationship: romantic, friendship, personal, professional and any other type of relationship. Simply saying thank you for this person doing something can often mean a lot. How many times have you done something for someone and they havent bothered to thank you? Be the first one to express gratitude, and go the extra mile and express gratitude for this person in some unique way. Give flowers or baked goods, something personal and just for them. Often you dont have to spend a lot of money to say thank you for being you you just have to do something that will touch someones heart.

The Law of Attraction can always improve your relationships. Make your relationships easier with the Law of Attraction!

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