 contracts have increased enormously.   bunker fuel, their emissions and the  


           next to a tree giving instant feedback on frost forming. Needless to say, this glut  market direction any easier.


 number of funds trading the markets so           


One of the biggest changes has been   


THE CORNERSTONE OF EVERY BROKER’S MANTRA REMAINS ‘KNOW YOUR CLIENT’.


 be trading for them by the end of the   argue it has become excessive but       criminals and terrorists means clearers    been the case, the cornerstone of every  


While costs have increased due         although have bottomed out over the  minimum commission rates set for each commodity and it has been a race 


 many cases considerably more than the broker commission rates.


   40 years, I have made many friends and   be exciting, frightening, sometimes   starting his first job as a broker that      come. It just remains for me to say thank   a blast!


 


XXXXXXXXXXXXXX


11 | ADMISI - The Ghost In The Machine | Q3 Edition 2023


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28