In some occasions, you will have to write an essay in the extremely short amount of time on the exam in college or high school. Also, you may be a little bit of a procrastinator, and find yourself in a situation when the paper is due tomorrow morning, and you have not even chosen the topic yet. Even though a last-minute essay cannot look as great as a work prepared successively and carefully within the whole time given, you still have a chance to submit a decent paper. The working process will require your full attention and a lot of effort, even if you are assigned a simple essay. However, if you learn the next few tips, the essay writing will seem significantly easier and feasible even when you are short on time.

Firstly, clean up your working space to get started. Make sure you have everything you need on the table, take a pen, a few sticky notes, your laptop, and read through the assignment requirements. In case no prompt is given, search for good essay topics, and pick a few uncommon and interesting ones you will be able to write about. Making a final choice, think which topic is the most relevant to your current studies and will not take too much to research.

Afterwards, look for the most trustworthy sources or the ones you are certainly allowed to use. If you are not sure, access the online library or any free services where you can look for the books and articles for your essay. Use sticky notes to write down the information and put them in front of you to see how much data has been gathered and if you need to continue researching. Reread these notes from time to time and cross out the info you do not find relevant anymore.

When you have the data you need to produce a quality work, it is crucial to think about the structure of the future paper. If you are not sure how to write an essay outline properly, check what your essay type is first. Each type is organized differently, so you need to look up the structure every time you are given an essay homework. You can also search for an example of the essay on your topic, and adhere to its outline. No matter what kind of essay you are going to write, it is important to start with a thesis statement. It should declare what problem you will review in the paper, and which facts or arguments you will use to do it professionally. As these arguments will be discussed in the main part of the essay, outline the body paragraphs and put down a few sentences with the rough description of each paragraph. Think of the way you will engage the reader in the introduction, and which thought will be conclusive for the paper. When the direction of the work is clear from the outline, use it to draft the first version of the essay.

If you are not used to model essay writing, do not worry - your draft should not necessarily look like a masterpiece. It is only the depiction of your thoughts, and as you will have them written down, it will be easier to create a good essay. There is no best way to write an essay, so trust the working methods you usually use. You may like taking short breaks once in a few minutes, or write everything in one sit - just make sure to keep the focus on writing and avoid the urge to call a friend or watch something online. Thus, you will finish the paper faster, and will not feel guilty for engaging in other activities afterwards.

Do not forget to go through the essay a few times after the completion. Everyone makes typos and mistakes by accident, but it is about you to find and fix them before your teacher does. If you need help with an essay editing, try asking a friend or a family member to read and analyze your work. Also, you can order editing services in case your paper needs to be perfectly polished so that you can submit an ideal essay and get an excellent grade.

As these steps are simple to follow, you will not have any problems coping with an essay on time. Try the whole procedure at least once, and you will not have to use any other tips preparing an essay paper during your studies!

Why the Volcker rule was introduced?

The Volcker Rule is named after former Federal Reserve chairman, Paul Volcker, who proposed the rule as a way to curb the US banks’ speculative trading activities that did not benefit consumers.

What is a Totus?

Definition. TOTUS. Teleprompter of the United States.

How do I start a prop trading firm?

To start a prop trading firm just start trading. There, you are a trading firm of one operating as a proprietorship. If you operate this way you will need to get “trader” status from the I.R.S. which allows you to deduct all your expenses such as office space, computer, coding fees etc.

Is SMB Capital legit?

SMB sells courses, they are not legitimate. They have good marketing that they use to lure people in. It’s not a legitimate company.

What is prohibited in Volcker rule?

The so-called Volcker Rule is a federal regulation that prohibits banks from conducting certain investment activities with their own accounts, and limits their ownership of and relationship with hedge funds and private equity funds.

Can banks own hedge funds?

Banks cannot own, invest in or sponsor hedge funds, private equity funds or other trading operations (subject to certain exceptions). The Volcker Rule aims to discourage banks from taking too much risk by barring them from using their own funds to make these types of investments to increase profits.

What is considered a covered fund?

The fund is, or holds itself out as being, an issuer or arrangement that raises money from investors primarily for the purpose of investing in securities for resale or other disposition or otherwise trading in securities.

Are banks allowed to trade?

Banks can trade when it’s necessary to run their business. These include market-making, underwriting, hedging, and trading if it is to limit their own risk. For example, they can engage in. They may also hedge interest rate risk.

Why is the Volcker Rule important?

The Volcker rule limits two main types of activities by large institutional banks. The rule was designed to prevent banks that receive federal and taxpayer backing in the form of deposit insurance and other support from engaging in risky trading activities.

Is the Volcker rule still in effect?

The Volcker Rule prevents banks from participating in proprietary trading — that is, investing their own funds instead of client assets in stocks, derivatives, options, or other financial instruments. The new Volcker Rule will go into effect Oct. 1, according to the U.S. Office of the Comptroller of the Currency.

What do prop traders do?

Also known as “prop trading,” this type of trading activity occurs when a financial firm chooses to profit from market activities rather than thin-margin commissions obtained through client trading activity. Proprietary trading may involve the trading of stocks, bonds, commodities, currencies or other instruments.

What is SMB capital?

SMB Capital is an active short-term trading firm in midtown Manhattan that trades equities, options and futures, with discretionary and automated traders. SMB Capital is recognized for its elite trader training program that has developed numerous traders from beginner to elite trader.

Is prop trading illegal?

The Volcker Rule prohibits banks and institutions that own a bank from engaging in proprietary trading or even investing in or owning a hedge fund or private equity fund.

What are covered fund exclusions?

The Volcker Rule excludes “loan securitizations” from the definition of “covered fund” so long as the loan securitizations are comprised of loans or other qualifying assets (e.g., cash equivalents, servicing assets, certain rate or foreign exchange derivatives, interests in a tax subsidiary or similar entity formed by …

How do prop traders get paid?

Base salaries are slightly over $100K, and bonuses are usually 50-100% of base salaries. Some top firms might even offer total compensation north of $200K, but it depends on the market environment and your performance. If you lose money, you receive no bonus and will eventually be fired if you keep underperforming.

What is Totus exemption?

TOTUS Exemption A foreign banking entity’s US-based personnel were prohibited from “arranging, negotiating or executing” (referred to as own ANE) a transaction that was made in reliance on TOTUS. Transactions were prohibited if they were made “with or through” any US entity.

Do prop traders need a license?

The prop firms that require a license are broker-dealers. A prop firm that is not a broker-dealer should not take a deposit from you or market up any costs.

How long must metrics records be maintained?

five years

What is a covered fund Volcker rule?

The Volcker Rule is a federal regulation that generally prohibits banks from conducting certain investment activities with their own accounts and limits their dealings with hedge funds and private equity funds, also called covered funds.

What is risk mitigating hedging?

(i) At the inception of the hedging activity, including, without limitation, any adjustments to the hedging activity, is designed to reduce or otherwise significantly mitigate one or more specific, identifiable risks, including market risk, counterparty or other credit risk, currency or foreign exchange risk, interest …

Why are banks prohibited from holding equity?

Banks are prohibited from holding equity as part of their own portfolios. Asset management impacts the bank’s balance sheet by shrinking the size of its assets. Also, during the 2007-2009 financial crisis, the Fed created more lending programs to help banks with liquidity, which had been a problem.

Who is subject to Volcker rule?

Banking entities with total consolidated assets of $50 billion or more (or a foreign banking entity with total U.S. consolidated assets of $50 billion or more) are subject to enhanced compliance requirements.

Is a hedge fund a covered fund?

Background. Section 13 of the BHC Act generally prohibits any banking entity from engaging in proprietary trading or from acquiring or retaining an ownership interest in, sponsoring, or having certain relationships with a hedge fund or private equity fund (defined in the implementing regulations as “covered funds”).

How did Volcker stop inflation?

Working relentlessly to bring prices under control, Volcker raised the Fed’s benchmark interest rate from 11% to a record 20% by late 1980 to try to slow the economy’s growth and thereby shrink inflation.

How do day traders get paid?

“Assume you average five trades per day, so if you have 20 trading days in a month, you make 100 trades per month. You make $3,750, but you still have commissions and possibly some other fees. Your cost per trade is $5/contract (round-trip).

Do prop traders make money?

A prop day trader typically works as a contractor to a prop trading firm rather than as an employee. Prop traders are not usually paid an hourly wage or salary and do not receive benefits such as health care. They are typically only paid when they generate a profit, which can take months.

What are Volcker trading exemptions?

Final Rules to Implement the “Volcker Rule” Like the Dodd-Frank Act, the final rules limit these exemptions if they involve a material conflict of interest; a material exposure to high-risk assets or trading strategies; or a threat to the safety and soundness of the banking entity or to U.S. financial stability.

What is Rentd Volcker?

Anchoring market-making activities to CCC demand is the core of the Volcker Rule’s compliance philosophy; the exemptions are intended to support these trading activities as long as they are being employed to provide liquidity and beneficial customer service to the capital markets. …