StockGuru Blog: Tradex Global – Latin America Need for Worldwide Access to Financial Services

Tradex Global Financial Services, Inc. provides access to world markets for the Latin American investor. This becomes significant to a prudent investor. The Latin American Market is not always stable and those investors seeking stability and growth will often turn to the United States for the financial security and growth they cannot find in Panama and surrounding countries.

A recent forum on Economic Growth in Latin America indicated that it should remain steady in 2007, but the reform agenda in the region’s top economies bodes poorly for longer-term, productive expansion.

At a half-day conference sponsored by the Council of the Americas, Latin American experts and Wall Street economists shared a broad consensus that 2007 regional growth will moderate but still be strong. External conditions are turning slightly less favorable, with the U.S. economy set to slow and commodities prices coming off their record levels, but the global backdrop remains intact.

“Inflation and macroeconomic stability look like they’re getting entrenched in the region,” Anoop Singh, director of the International Monetary Fund’s Western Hemisphere department, said in his keynote address. He added: “Low inflation in the region looks like it’s becoming good politics.”

The challenge is making growth sustainable, panelists said Wednesday. Latin America lags behind China and emerging Asian nations in investment as a percentage of gross domestic product. Without a major push to raise productive investment in the next few years, the disparity will grow even larger. The lack of sustainable growth will foster stagnation in social indicators and prevent governments from reducing poverty and resolving income inequality.

“The political environment in Latin America is still not there to identify growth as the solution to our problems,” said Jose Luis Daza, managing director of IFL-Integrated Finance Ltd.

Daza was critical of Brazil, saying that he was “relatively pessimistic” about the country’s long-term growth prospects because of stalled microeconomic reforms.

Goldman Sachs senior economist Alberto Ramos, meanwhile, said growth in Brazil should be “mediocre” next year, but that “the conditions are there for growth to appear.”

On Mexico, Damian Fraser, head of Latin American equities at UBS Investment Research, said he was “relatively optimistic” about reforms under newly elected President Felipe Calderon. But improvements in fiscal and energy policies are still going to be modest, Fraser noted. He predicted that Mexico will raise non-oil tax revenues as a share of gross domestic product by a couple of percentage points, while taking small steps in the energy sector by opening up natural gas to private investment and improving corporate governance of state-owned oil monopoly Pemex.

As for Argentina, where growth has been steaming ahead despite fears of squeezed energy supplies and price controls across several industries, JP Morgan economist Vladimir Werning said these microeconomic distortions are unlikely to derail growth in 2007.

With Latin American uncertainties it is obvious why Tradex Global Financial Services should be able to attract and grow a client base that is amenable to worldwide investment.

Source: Dow Jones News Wire

Contact:
Hernan Castro CFO
TRADEX Global Financial Services, Inc.
Plaza Roble, El Portico Building
First Floor, CDN Business Center
Escazu, Costa Rica Toll-Free:
1-800-849-0590

About Tradex, Inc. Tradex, Inc., a wholly owned subsidiary of TRADEX Global Financial Services, Inc. (PINKSHEETS: TDXG), is the company that is responsible for carrying out all the operations and marketing. Tradex, Inc. specializes in providing access to the U.S., Canadian and European financial markets for foreign or international investors and corporations using the highest trading technology and offering various trading platforms and clearing relationships. Tradex’s unique trading technology and platforms allows its clients to have the most advanced technology and direct way to trade in the U.S. Canadian and European financial markets. The Company’s primary target markets are self-directed clients, institutional clients and private managed accounts. For more information on TRADEX visit www.tradex-global.com and www.tradexdirect.com. Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are “forward-looking statements” are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties or other factors which may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as: the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company’s expectations.

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