Greetings!
Just a quick update to let you know the status of things.
Right now our focus is on the following which all in fact related: - THE BIG MOVE: We have completed the most critical part of our MOVE off the Reservation. We are about 75% done and now ONLINE. The MOVE was critical to our work on Plan B. To move forward with our Singapore partners we need to establish another three months or so of solid track record and this move set that back a few months.
- PLAN B - Plan B is about proceeding to set up our OWN BROKER so that we can have DIRECT access to Liquidity Providers and MORE CONTROL over the fees. As mentioned before, the issue with the bank losing us money through their proven error, it opened a door for us to fast track Plan B, becoming a broker. Carlos remains focused on talking to Liquidity Providers while testing, monitoring, and making any necessary improvements to get back up to speed after the move.
- SINGAPORE: Singapore just saw the biggest lot size trade yet since their account started trading in January. This is in sync with everything being back online for them. They are OUT OF NEUTRAL MODE. So, with trading normalizing over the next few weeks and month we have commitments from Singapore to ramp this up and say they are '200% committed' to making this a successful fund in Asia with our ALICE as their engine of growth. Every month of track record we build with their account from now on will help them bring in the capital they are targeting. We are still talking very seriously about creating a new entity where we fully partner up with Singapore. That will leave us to focus on the trading systems and let them bring in the capital, a match made in heaven. :)
AMFX Diamond Back Office
Many of you have already received paid invoices as I upload your Diamond Memberships into the AMFX back office. You will also find this under Orders in your back office. It is the first step in loading your ATT assets into AMFX for future accounting and revenue share. I have to do this all manually. So, it takes a little time and we have no budget for hiring people to speed it up.
We will fast track this back office development once we have revenue because once we have revenue we have revenue to share with Diamonds. In the meantime, we are largely focusing on the big priorities like keeping Singapore happy and moving forward.
Being Our Own Broker
If you recall, becoming our own broker and eventually owning our own bank was part of our long term business plan. Thanks to the misery caused by the bank screwing up our leverage, it opened to door to get this done NOW as opposed to 3-5 years later.
When this happens everything shifts for the better and this happens:
1. We have more control over the fees and can get SCALPING again. 2. Carlos will be in direct contact with the liquidity providers without the need to go through a third party broker.
3. Withdrawals and deposits will be much swifter under our control.
4. BA 1.0 will kick into action and people with units there will finally see a dividend. 5. The 8 Pooled Accounts will move over to OUR broker and all restrictions will be removed. It will begin to recover much more quickly and we may be able to move these funds into a BA for best ROI.
6. The AMFX Diversified Fund can trade much more profitably.
7. All equity will grow much faster and with LESS RISK than we have today.
8. All the BA 2.0 accounts will start knocking it out of the park as scalping kicks in. 9. Singapore's ECN account will way outperform their expectations with less risk. Capital will start flowing in from Asia in BIG volumes.
Yes, we have had our challenges and we never expected such a long journey to get to this point. But, as one member pointed out with the graphic below. The process of achieving success never goes in a straight line.
Until next time...
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