#Carmelo Cerrelli

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The SickKids Foundation's Great Camp Adventure Walk

Carmelo Cerrelli is the former CEO for LCT, a company specializing in satellite and broadband technology. Currently an independent futures and index trader at BBT FX, Carmelo Cerrelli also takes part in a variety of volunteer opportunities for the SickKids Foundation. The SickKids Foundation is a national nonprofit organization that is dedicated to advancing children’s health treatments based in Toronto, Ontario, though the nonprofit works on a global scale. The foundation originated in 1875 as a single hospital for sick children with only 16 beds, and today it is the largest source of charitable funds for children’s health research. Though SickKids Foundation has a multitude of fundraising events, and a “create-your-own” event page, one of its premier events is the annual Great Camp Adventure Walk. This event is a 5K, 10K, 15K, or 20K walk/run through downtown Toronto that is filled with varied activities to stop and participate in along the way. Participants pay a small registration fee and agree to a fundraising minimum of $400 (less for participating children), and collect badges as they go through the multiple obstacle courses. All money raised benefits children’s health research.

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Sources of Business Finance - Carmelo Cerrelli

Sources of business finance can be studied under the following heads:

(1) Short Term Finance:

Short-term finance is needed to fulfill the current needs of business. The current needs may include payment of taxes, salaries or wages, repair expenses, payment to creditor etc. The need for short term finance arises because sales revenues and purchase payments are not perfectly same at all the time. Sometimes sales can be low as compared to purchases. Further sales may be on credit while purchases are on cash. So short term finance is needed to match these disequilibrium.

Sources of short term finance are as follows:

(i) Bank Overdraft: Bank overdraft is very widely used source of business finance. Under this client can draw certain sum of money over and above his original account balance. Thus it is easier for the businessman to meet short term unexpected expenses.

(ii) Bill Discounting: Bills of exchange can be discounted at the banks. This provides cash to the holder of the bill which can be used to finance immediate needs.

(iii) Advances from Customers: Advances are primarily demanded and received for the confirmation of orders However, these are also used as source of financing the operations necessary to execute the job order.

(iv) Installment Purchases: Purchasing on installment gives more time to make payments. The deferred payments are used as a source of financing small expenses which are to be paid immediately.

(v) Bill of Lading: Bill of lading and other export and import documents are used as a guarantee to take loan from banks and that loan amount can be used as finance for a short time period.

(vi) Financial Institutions: Different financial institutions also help businessmen to get out of financial difficulties by providing short-term loans. Certain co-operative societies can arrange short term financial assistance for businessmen.

(vii) Trade Credit: It is the usual practice of the businessmen to buy raw material, store and spares on credit. Such transactions result in increasing accounts payable of the business which are to be paid after a certain time period. Goods are sold on cash and payment is made after 30, 60, or 90 days. This allows some freedom to businessmen in meeting financial difficulties.

(2) Medium Term Finance:

This finance is required to meet the medium term (1-5 years) requirements of the business. As Carmelo Cerrelli  explained Such finances are basically required for the balancing, modernization and replacement of machinery and plant. These are also needed for re-engineering of the organization. They aid the management in completing medium term capital projects within planned time. Following are the sources of medium term finance:

(i) Commercial Banks: Commercial banks are the major source of medium term finance. They provide loans for different time-period against appropriate securities. At the termination of terms the loan can be re-negotiated, if required.

(ii) Hire Purchase: Hire purchase means buying on installments. It allows the business house to have the required goods with payments to be made in future in agreed installment. Needless to say that some interest is always charged on outstanding amount.

(iii) Financial Institutions: Several financial institutions such as SME Bank, Industrial Development Bank, etc., also provide medium and long-term finances. Besides providing finance they also provide technical and managerial assistance on different matters.

(iv) Debentures and TFCs: Debentures and TFCs (Terms Finance Certificates) are also used as a source of medium term finances. Debentures is an acknowledgement of loan from the company. It can be of any duration as agreed among the parties. The debenture holder enjoys return at a fixed rate of interest. Under Islamic mode of financing debentures has been replaced by TFCs.

(v) Insurance Companies: Insurance companies have a large pool of funds contributed by their policy holders. Insurance companies grant loans and make investments out of this pool. Such loans are the source of medium term financing for various businesses.

(3) Long Term Finance:

Long term finances are those that are required on permanent basis or for more than five years tenure. They are basically desired to meet structural changes in business or for heavy modernization expenses. These are also needed to initiate a new business plan or for a long term developmental projects. Following are its sources:

(i) Equity Shares: This method is most widely used all over the world to raise long term finance. Equity shares are subscribed by public to generate the capital base of a large scale business. The equity share holders shares the profit and loss of the business. This method is safe and secured, in a sense that amount once received is only paid back at the time of wounding up of the company.

(ii) Retained Earnings: Retained earnings are the reserves which are generated from the excess profits. In times of need they can be used to finance the business project. This is also called ploughing back of profits.

(iii) Leasing: Leasing is also a source of long term finance. With the help of leasing, new equipment can be acquired without any heavy outflow of cash.

(iv) Financial Institutions: Different financial institutions such as former PICIC also provide long term loans to business houses.

(v) Debentures: Debentures and Participation Term Certificates are also used as a source of long term financing.

Based in Kingston, Ontario, J.Carmelo Cerrelli is an independent futures and index trader with BBT FX. Responsible for managing a trading desk, he seeks out short-term as well as long-term profits through platforms such as MT4, Ninja Trader and Uniprime. J.Carmelo Cerrelli is also a business development manager with the global firm NTL. Providing trend and market analysis, he has helped expand the firm’s Asia Pacific region revenue from $5 million to over $90 million. He strives to establish and maintain long-term relationships with suppliers, manufactures and clients at the wholesale level. For more about  Carmelo Cerrelli please go: https://www.crunchbase.com/person/carmelo-cerrelli

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How to Trade Forex From Forex Professional Carmelo Cerrelli

Trading Forex on the currency market is a great source of investment income.

If you want to learn to trade Forex, here are the steps that will help get you started from Forex professional Carmelo Cerrelli:

Step 1: Forex trading basics

It’s important to understand     basic Forex terminology.

Base Currency: The type of currency you are going to spend or get rid of.

Quote Currency: The currency that you are purchasing.

In forex trading you simply have to sell one type of currency in order to purchase another type.

Reading a Forex quote is     very important. A Forex quote has two numbers:

The bid price on the left

The ask price on the right

Deciding carefully what     currency you want to buy and sell is very important.

Learning how to calculate     profits is very important.

Step 2: Deals with opening an online Forex brokerage account

It’s highly recommended to research     different brokerages and choose someone who has been in the industry for     10 years or more, as the experience specifies that the company knows what     it’s doing and knows how to take care of its clients.

It’s important to request     information about opening an account. Account     opening will have two options:

A personal account: in which you can execute your own trades.

A managed account: in which your broker will execute trades for you.

Filling out the proper     paperwork is a very important step. You     can always ask for the paperwork by mail or simply download it in the form     of a PDF file.

You can simply activate your     account now at this step. The broker will send you an     email which will contain a link to activate your account, in order to     activate your account you just have to click the link and follow the     instructions to get started with trading.

Step 3: Focuses on Trading

You must analyze the market     thoroughly.

It’s important to determine     your margin, which should depend on your broker's policies.

You can simply place your     order now at this step.

It’s highly recommended to watch     your profit and loss as well as don't get too emotional, reason being the     Forex market is very volatile and you will see a lot of ups and downs.

In the end what matters is     to continue doing your research and sticking with your trading strategy. In     due course, you will see profits.

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SickKids Foundation's Lottery Fundraising Strategy

Holder of a Marketing, Carmelo Cerrelli currently serves as a financial advisor at CGF. In his free time, Carmelo Cerrelli supports several charitable organizations, including the SickKids Foundation. Since its establishment in 1972, the SickKids Foundation has continuously been working toward inspiring communities to invest in scientific advancements that can help improve the lives of children and their families. To achieve its mission, the foundation raises funds to benefit The Hospital for Sick Children. The SickKids Foundation employs a number of fundraising strategies, including a lottery system. The SickKids lottery offers grand prizes which can reach up to $1 million. Funds are raised through the purchase of tickets which cost between $45 to $100 each, depending on the number of tickets purchased. Funds collected through the lottery go to serve various goals of the foundation, including helping to end heart failure for children, curing allergies, raising the survival rate for children with cancer, and making surgery less painful.

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The Beatles' Influence on U2

Two musical acts that Carmelo Cerrelli enjoys are U2 and the Beatles. Interestingly enough, the members of U2, like Carmelo Cerrelli, are also Beatles fans. In particular, Bono, the lead singer of U2, has long mentioned the Beatles as one of his primary influences. He has said that the Beatles were one of the first bands he heard on the radio as a child, and he has commented that as a teenager, he fully subscribed to the Beatles’ “All You Need Is Love” ethos. U2 has covered Beatles material in their live act, notably when they played their own version of the Lennon/McCartney song Helter Skelter on both their Joshua Tree and Love Town tours. A U2 performance of Helter Skelter in Denver, Colorado, is the first track on their Rattle and Hum live album. Bono has actually performed Beatles material with Paul McCartney himself. In 2005, the two sang “Sgt. Pepper” at the London Live 8 charity event. McCartney handled most of the lyrics while Bono took the lead on the bridge of the song.

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Quantum Computing - A Very Basic Introduction

A futures and index trader by profession, Carmelo Cerrelli also pursues a personal interest in advanced technology. Carmelo Cerrelli maintains a particular fascination with quantum computing, which one day may change what machines allow humans to do. The concept of quantum computing requires one to think beyond what we believe is possible. Quantum computing allows for calculations to happen almost unthinkably quickly, thanks to the incredible data storage potential of the qubit. Unlike traditional computer bits, which can store information only as a zero or a one, qubits can exist as either of these or both simultaneously. This allows a qubit to enter a state known as superposition, in which two opposing states both exist as truth. Qubits also possess a power known as entanglement, which allows them to instantly share information with one another during processing. This enables the qubits in a system to communicate the multiple possibilities that each holds and ultimately untangle the available information into an answer. Such a process permits users to process vast amounts of data more quickly than ever before while also making available more answers to a single question than were previously possible.                            

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NASDAQ Partners with Chain to Test Blockchain Private Shares Trading

Carmelo Cerrelli draws on nearly three decades of experience in financial planning and business leadership to conduct independent futures and index trading activities, in addition to serving as business development manager for NTLC, an international data and telecommunications firm. As an experienced financial professional with knowledge of the technology sector, Carmelo Cerrelli takes an interest in cryptocurrency and supports the activities of the Bitcoin Foundation. In May 2015, Nasdaq OMX announced the development of a pilot program to test the application of Bitcoin technology in private shares trading. The corporation recently revealed that it will partner with Chain, a financial tech startup based in San Francisco, California, to carry out the endeavor. Since 2014, Chain has helped financial firms harness the technological framework for cryptocurrency, the blockchain, to enhance their service offerings with instant, digital, and secure asset transfers. The startup will now assist NASDAQ in exploring blockchain technology’s potential in the NASDAQ Private Market, which facilitates shares trading for more than 75 private pre-IPO companies. Commenting on the partnership, NASDAQ CEO Bob Greifeld expressed the firm’s optimism at introducing the innovative technology to its private shares trading activities, noting that it stands to simplify the potentially overwhelming task of manually tracking shares.

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Volunteers and Contributors Support SickKids Foundation’s Mission

Financial industry veteran Carmelo Cerrelli currently works at BBT FX as an independent futures and index trader. Outside work, Carmelo Cerrelli supports many worthy causes, including SickKids Foundation. Founded in 1972, SickKids Foundation inspires communities in Canada and around the world to invest in scientific and health advances to support children and their families. The organization provides many ways for adults and children to get involved and support its mission. Each year, SickKids Foundation hosts events and even allows individuals and groups to create their own fundraising events. In addition, the foundation has a Kids Believe in SickKids program, which motivates children to engage in philanthropy. Since 2003, children and school and youth groups have raised nearly $3 million for SickKids Foundation. For individuals who wish to make a financial contribution to SickKids Foundation, the organization provides a venue for online donations, along with options to make ongoing contributions or major gifts. The organization also accepts donations from corporate partners.

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Quantum Computing: A Leap Forward in Information Technology

In addition to being a futures trader for BBT FX in Toronto, Carmelo Cerrelli also serves as a business development manager for NTL in Canada. Carmelo Cerrelli has an abiding interest in futuristic technology, such as quantum computing. Quantum computing represents a significant advance over conventional computing, which uses transistors to process data as ones and zeros (on and off). A quantum machine's bits, called qubits, can be ones, zeroes, or a state in between. In other words, a qubit can be on and off at the same time. To handle information, a quantum computer uses basic atomic particles, such as photons or electrons. In theory, a quantum computer can do two or more calculations at once, much faster than a traditional computer. This enhanced speed is useful for encryption and decryption. Another application involves locating individual atoms inside large molecules, such as viruses and polymers; this could be useful in designing new drugs. In fact, the first quantum computer has already been built. In one experiment, the D-Wave machine performed certain functions 3,600 times faster than a conventional computer. D-Wave's makers have already signed on to sell a more powerful machine to Google and NASA.                            

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Red Cross Commits $1 Million to Relief Efforts in Nepal

A financial and business development professional with nearly three decades of experience, Carmelo Cerrelli currently serves as a futures and index trader with the Toronto-based BBT FX, where he has worked since 2008. In addition to his professional activities, Carmelo Cerrelli supports the work of several charitable organizations, including the Red Cross. In a recent press release, the American Red Cross announced that it has committed $1 million to support relief efforts in Nepal following the 7.8 magnitude earthquake that hit the country on April 25, 2015. The devastating quake has thus far caused the deaths of thousands of people and injured thousands more. In addition, buildings and infrastructure have suffered extensive damage, and many families have been forced to live in the open with limited food, water, and other basic necessities. Currently, eight disaster specialists from the American Red Cross are working on the ground in Nepal to help distribute emergency supplies, restore communications, reconnect separated families, and provide a range of other services as they are needed. The $1 million in committed funds will be used to assist the disaster specialists and other aid organizations as they continue in these efforts in the coming weeks and months. For additional details about the Red Cross’ work in Nepal, or to donate to those affected by the earthquake, visit www.redcross.org.

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A Brief Overview of Cryptocurrency

Carmelo Cerrelli, an experienced business leader and financial professional, works as an independent futures and index trader for BBT FX in Toronto, Canada. In his free time, Carmelo Cerrelli pursues interests in alternative energy, biotechnology, quantum computing, and cryptocurrency. Cryptocurrency is a digital or virtual currency that is fashioned out of cryptography, networking, and open-source software. Unlike traditional currencies that are represented physically in paper notes or metal coins, cryptocurrency is stored digitally and exchanged between parties through public and private cryptographic keys. Cryptocurrencies are increasing in popularity because they are easy and cheap to transfer and offer a higher level of security than physical cash. Also, because it is not issued or monitored by any central authority, cryptocurrency is essentially immune to interference from any government or country and is valued solely on supply and demand. While the most well-known cryptocurrency is the Bitcoin, hundreds of others exist, including the Litecoin, Darkcoin, and Mastercoin. Some, like the Bitcoin, have a high value per coin, while many others are worth only a fraction of a cent. Although their value is constantly fluctuating, Bitcoins have been exchanged for more than $250 USD each.