Fadi El-Eter

High speed trading is the "trading du jour" nowadays. Every bank is now running to implement its own system of high speed trading, simply because this method of trading incurs no loss whatsoever. High speed trading consists of a computer software (running...

No - I didn't make a mistake while typing the title of this post - I really meant "get" and not "pay". In my last post, I revealed that (most) banks do not charge an cash advance fees if your credit card is in a credit position. Now that this was...

Cash advance fees - we all hate them! Sometimes we withdraw money from our credit cards (often it is a very small amount) to cover for purchases in stores that do not accept credit cards, and we are dinged with the most inhumane fees ever. Banks charge at...

Unless you have slept through the day yesterday, I'm sure that you were annoyed, as much as anyone else, with the news all day on Facebook becoming public. The IPO, to say the least, was disappointing to Facebook executives, as the stock closed just 0.61%...

If you're constantly reading about Sony, as a company, you will know that it has been losing billions every year for the past four years. In fact, Sony lost a record $6.4 billion in their fiscal year that ended on March 31st, 2012. But why is that? I...

One of the stocks on the top of my watch list is AAPL. I have been closely watching this stock for over 2 years now, I have written about it many times, and i think that the quick descent from the peak of $644 achieved last month (back in April of 2012)...

I watched today a very nice video on Bloomberg, about a plan to build an underwater hotel in Dubai for a total cost of $120 million. Apparently, that wasn't Dubai's first attempt to build an underwater hotel; the HydroPolis hotel that was planned back in...

Everytime I have a meeting with someone in a Canadian bank the first question they ask me: "How come you don't have RRSPs with us?" My immediate answer to this question is: "I don't know, can you tell me about the benefits?" So s/he usually says the...

Canon, one of the largest makers of cameras and printers, recently reported less than estimated profits, a result that raised a few eyebrows here and there. "Will Canon go out of business?", some investors whispered... Let's examine Canon's main two...

Canadians doing business with the US and receiving checks from there often wonder how much time it takes for US checks to clear. In order to answer this question, I need to explain two concepts in the Canadian banking system: hold time and clearing...