HONG KONG, Dec 7 (Bernama-BUSINESS WIRE) -- Aptorum Group Limited (“Aptorum”, or the “Company”), a Hong Kong based pharmaceutical company currently in the preclinical stage, dedicated to developing and commercializing therapeutic projects and diagnostic technologies to tackle unmet medical needs, today announced that on December 3, 2018, its registration statement on Form F-1, relating to a proposed initial public offering (“IPO” or the “Offering”) of its Class A Ordinary Shares, par value US$1.00 per share (the “Shares”), at a price to the public of $15.80 per share, for gross proceeds of a minimum of US$10 million and up to US$30 million, has been declared effective by the U.S. Securities and Exchange Commission (“SEC”). The Company is offering up to 1,898,734 Shares and up to 51,990 underwriter warrants while certain selling shareholders are offering up to 1,595,235 Shares (collectively, the “Registered Securities”). None of the gross proceeds will be used to purchase the selling shareholders’ securities. The Shares are expected to begin trading on The NASDAQ Global Market on December 18, 2018, under the symbol APM. This Offering is expected to close on or before December 12, 2018, subject to customary closing conditions.
The Offering will be sold on a best-efforts basis. Boustead Securities, LLC, China Renaissance Securities (HK) Limited, and AMTD Global Markets Limited are acting as Co-Underwriters for the Offering.
As stated above, a registration statement relating to the Registered Securities (File No.: 333-227198) has been filed with the SEC and was declared effective on December 3, 2018. The Offering is made only by means of a written prospectus forming part of the effective registration statement. A copy of the prospectus may be obtained for free by visiting EDGAR on the SEC's website at www.sec.gov. Alternatively, copies of the prospectus relating to this Offering may be obtained from: Boustead Securities, LLC, email: offerings@boustead1828.com or by calling +1 (949) 502-4409 or standard mail at Boustead Securities, LLC, Attn: Equity Capital Markets, 6 Venture, Suite 265, Irvine, CA 92618, USA.
This press release shall not constitute an offer to sell, or the solicitation of an offer to buy any of the Company's securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any sale of such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Aptorum Group Limited
We are a Hong Kong based pharmaceutical company currently in the preclinical stage, dedicated to developing and commercializing a broad range of therapeutic and diagnostic technologies to tackle unmet medical needs. We have obtained exclusive licenses for our technologies. In addition, we are also developing certain proprietary technologies as product candidates. We are pursuing therapeutic and diagnostic projects (including projects seeking to use extracts or derivatives from natural substances to treat diseases) in neurology, infectious diseases, gastroenterology, oncology and other disease areas. We also have projects focused on surgical robotics. In addition, we opened a medical clinic, AML Clinic, in June 2018. Its initial focus is on treatment of chronic diseases resulting from modern sedentary lifestyles and aging population. For more information about the Company, please visit www.aptorumgroup.com.
About Boustead Securities, LLC
Boustead Securities, LLC ("Boustead") is an investment banking firm that executes and advises on IPOs, mergers and acquisitions, capital raises and restructuring assignments in a wide array of industries, geographies and transactions, for a broad client base. Boustead's core value proposition is the ability to create opportunity through innovative solutions and tenacious execution. With experienced professionals in the United States and around the world, Boustead's team moves quickly and provides a broad spectrum of sophisticated financial advice and services. For more information, visit www.boustead1828.com.
About China Renaissance Securities (Hong Kong) Limited
China Renaissance (“CR”) is a leading financial institution that combines private placement advisory, M&A advisory, securities underwriting, research, sales and trading, investment management and other financial services. Providing one-stop financial services across mainland China, Hong Kong and the United States, CR operates a competitive and unique international network that connects China’s capital markets with the rest of the world, serving new economy entrepreneurs and investors globally. CR has offices in Beijing, Shanghai, Hong Kong and New York, with approximately 600 employees. As of March 31, 2018, CR had advised on approximately 700 transactions worth over US$100 billion since the inception, and CR had AUM of approximately US$4.1 billion in new economy investments. For more information, visit www.huaxing.com.
About AMTD Global Markets Limited
AMTD Global Markets Limited (“AMTD”) is a Hong Kong-based comprehensive financial institution dedicated to serving and bridging capital and resources across mainland China, Hong Kong and the globe. As one of the largest Hong Kong-based non-bank financial institution, AMTD has been widely recognized as a pre-eminent capital markets player with leading cross-border investment banking capabilities in Asia. Founded in 2003, AMTD has a long history of promoting technological innovations and the development of New Economy sectors, especially in the fields of FinTech, Artificial Intelligence and Healthcare. For more information, visit www.amtdgroup.com.
Safe Harbor Statement
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Specifically, the Company's statements regarding listing on the NASDAQ Global Market and the completion of the IPO are forward-looking statements. Forward-looking statements are not guarantee of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, risks and uncertainties related to the satisfaction of the customary closing conditions related to the IPO and the listing on NASDAQ . For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward‐looking statements to reflect events or circumstances that arise after the date hereof unless required by the applicable laws, regulations or rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181206006094/en/
Contact
For more information, please contact:
At the Company:
Sabrina Khan, CFO
Aptorum Group Limited
Phone: +852 2117 6611
Email: investor.relations@aptorumgroup.com
Source : Aptorum Group Limited
--BERNAMA
Wednesday, December 12, 2018
Friday, December 7, 2018
ABEAM CONSULTING ACQUIRES 70 PCT SHARES OF LIGHTSTREAM ANALYTICS OF SINGAPORE
KUALA LUMPUR, Dec 6 (Bernama) – ABeam Consulting Pte. Ltd. of Singapore has acquired 70 per cent of shares in LightStream Analytics Pte. Ltd of Singapore with all the remaining shares to be purchased by 2021.
The deal is part of an ongoing effort by ABeam Consulting to expand its data analytics service offerings throughout Southeast Asia, according to a statement.
The agreement will enable ABeam Consulting to support clients to strengthen their business transformation capabilities through the application of data analytics.
Founded in 2006, LightStream is a provider of analytics and other data-related services throughout Southeast Asia.
ABeam Consulting President Toshinori Iwasawa said: "By integrating the profound knowledge, experience and expertise of LightStream, ABeam Consulting will be able to provide greater added value to our customers."
"Leveraging ABeam's deep domain expertise, extensive international client base and uncompromising reputation for excellence, LightStream Analytics will be able to accelerate our delivery of transformational advanced analytic solutions across Asia,” LightStream said the statement.
Headquartered in Tokyo, ABeam Consulting provides business transformation services that create strategic advantages, improve business processes, leverage technology innovation and enhance organizational performance. More details at http://www.abeam.com/
-- BERNAMA
The deal is part of an ongoing effort by ABeam Consulting to expand its data analytics service offerings throughout Southeast Asia, according to a statement.
The agreement will enable ABeam Consulting to support clients to strengthen their business transformation capabilities through the application of data analytics.
Founded in 2006, LightStream is a provider of analytics and other data-related services throughout Southeast Asia.
ABeam Consulting President Toshinori Iwasawa said: "By integrating the profound knowledge, experience and expertise of LightStream, ABeam Consulting will be able to provide greater added value to our customers."
"Leveraging ABeam's deep domain expertise, extensive international client base and uncompromising reputation for excellence, LightStream Analytics will be able to accelerate our delivery of transformational advanced analytic solutions across Asia,” LightStream said the statement.
Headquartered in Tokyo, ABeam Consulting provides business transformation services that create strategic advantages, improve business processes, leverage technology innovation and enhance organizational performance. More details at http://www.abeam.com/
-- BERNAMA
HKTDC HONG KONG TOYS & GAMES FAIR OPENS IN JANUARY 2019
Hong Kong Baby Products Fair to be held alongside
HONG KONG, Dec 5 (Bernama-BUSINESS WIRE) -- Organised by the Hong Kong Trade Development Council (HKTDC), the 45th edition of Hong Kong Toys & Games Fair and the 10th edition of Hong Kong Baby Products Fair will be staged from 7-10 January 2019 at the Hong Kong Convention and Exhibition Centre.
Register Now for free e-Badge here:
Toys & Games Fair: http://www.hktdc.com/wap/toy/K159
Baby Products Fair: http://www.hktdc.com/wap/baby/K159
Hong Kong Toys & Games Fair
Featuring some 2,100 exhibitors, the Toys & Games Fair is the Asia’s largest event of its kind and the second largest in the world. The Smart-Tech Toys zone will gather a vast array of products operated via mobile apps, or incorporated with VR, AR and MR technologies. A STREAM Toys Product Display will also be set up to highlight educational toys featuring science, technology, robotics, engineering, arts and maths.
The Brand Name Gallery expects around 230 brands to showcase products of excellence in design, quality and safety. Spanning the generations, Kidult World will offer hobby goods, models & figurines, performance magic items and war game equipment, while the Fireworks zone will display shells, firecrackers, toy fireworks and fireworks for special events.
The fair will also feature pavilions from Mainland China, Korea, Spain, Taiwan and the UK, as well as the World of Toys pavilion with exhibitors mainly from Europe.
Hong Kong Baby Products Fair
Welcoming close to 600 exhibitors, the Baby Products Fair will once again feature the signature Brand Name Gallery with over 45 trusted brands. This year a new zone is inaugurated: Maternity Products which caters to pre- and post-natal needs.
World of Strollers & Gear II @ Convention Hall is returning this year to reveal award-winning strollers and baby car seats. Other welcome returnees are the Singapore Pavilion and the Hong Kong Children, Babies, Maternity Industries Association (HKCBMIA) Pavilion. The well-established Korea Pavilion will also present renowned brands.
Events unveiling industry trends
A series of events will be held during the fair period, which include the Hong Kong Toys Industry Conference 2019 that features heavyweight speakers to share insights on global and regional trends shaping the toy industry.
Fair Websites
Hong Kong Toys & Games Fair – hktoyfair.hktdc.com
Hong Kong Baby Products Fair – hkbabyfair.hktdc.com
http://mrem.bernama.com/viewsm.php?idm=33383
HONG KONG, Dec 5 (Bernama-BUSINESS WIRE) -- Organised by the Hong Kong Trade Development Council (HKTDC), the 45th edition of Hong Kong Toys & Games Fair and the 10th edition of Hong Kong Baby Products Fair will be staged from 7-10 January 2019 at the Hong Kong Convention and Exhibition Centre.
Register Now for free e-Badge here:
Toys & Games Fair: http://www.hktdc.com/wap/toy/K159
Baby Products Fair: http://www.hktdc.com/wap/baby/K159
Hong Kong Toys & Games Fair
Featuring some 2,100 exhibitors, the Toys & Games Fair is the Asia’s largest event of its kind and the second largest in the world. The Smart-Tech Toys zone will gather a vast array of products operated via mobile apps, or incorporated with VR, AR and MR technologies. A STREAM Toys Product Display will also be set up to highlight educational toys featuring science, technology, robotics, engineering, arts and maths.
The Brand Name Gallery expects around 230 brands to showcase products of excellence in design, quality and safety. Spanning the generations, Kidult World will offer hobby goods, models & figurines, performance magic items and war game equipment, while the Fireworks zone will display shells, firecrackers, toy fireworks and fireworks for special events.
The fair will also feature pavilions from Mainland China, Korea, Spain, Taiwan and the UK, as well as the World of Toys pavilion with exhibitors mainly from Europe.
Hong Kong Baby Products Fair
Welcoming close to 600 exhibitors, the Baby Products Fair will once again feature the signature Brand Name Gallery with over 45 trusted brands. This year a new zone is inaugurated: Maternity Products which caters to pre- and post-natal needs.
World of Strollers & Gear II @ Convention Hall is returning this year to reveal award-winning strollers and baby car seats. Other welcome returnees are the Singapore Pavilion and the Hong Kong Children, Babies, Maternity Industries Association (HKCBMIA) Pavilion. The well-established Korea Pavilion will also present renowned brands.
Events unveiling industry trends
A series of events will be held during the fair period, which include the Hong Kong Toys Industry Conference 2019 that features heavyweight speakers to share insights on global and regional trends shaping the toy industry.
Fair Websites
Hong Kong Toys & Games Fair – hktoyfair.hktdc.com
Hong Kong Baby Products Fair – hkbabyfair.hktdc.com
http://mrem.bernama.com/viewsm.php?idm=33383
TOSHIBA ADDS NEW 12TB AND 14TB HELIUM-SEALED MODELS TO BOTH THE N300 NAS AND X300 PERFORMANCE HARD DRIVE PRODUCT LINE
The new 14TB models deliver up to 40% more capacity and lower power demands over current 10TB models.
TOKYO, Dec 6 (Bernama-BUSINESS WIRE) -- Toshiba Electronic Devices & Storage Corporation (“Toshiba”) is today adding 12TB[1] and 14TB models to both its N300 NAS Hard Drive and X300 Performance Hard Drive series.
This press release features multimedia. View the full release here:https://www.businesswire.com/news/home/20181205005906/en/
TOKYO, Dec 6 (Bernama-BUSINESS WIRE) -- Toshiba Electronic Devices & Storage Corporation (“Toshiba”) is today adding 12TB[1] and 14TB models to both its N300 NAS Hard Drive and X300 Performance Hard Drive series.
This press release features multimedia. View the full release here:https://www.businesswire.com/news/home/20181205005906/en/
The new 12TB and 14TB models use a helium-sealed design, enabling the 3.5-inch mechanical design to deliver increased storage density with a lower hard drive operating power profile. Toshiba laser welding technology and hard drive case design keeps the helium securely sealed inside the drive enclosure.
The new 12TB and 14TB models operate at 7,200rpm and come with an ultra-high 256MB data buffer. The N300 NAS and X300 models use Toshiba’s advanced Stable Platter Technology to minimize vibrations by stabilizing the motor shaft at both ends for improved tracking accuracy and maximum performance during read and write operations.
The N300 NAS models include rotational vibration (RV) sensors and deliver sustained data transfer speeds up to 260MB/s for 14TB or up to 253MB/s for 12TB. With support for up to 8[2] HDD multi-RAID systems, the new N300 models are highly scalable to the users’ NAS configurations as their data storage needs evolve, and large amounts of data need to be efficiently stored and accessed daily.
“The new drives deliver exceptional performance, storage, reliability and power efficiency, using advanced technologies that will continue to increase capacity and keep Toshiba as an innovator in the storage space,” said Fujiki Hirohisa, Senior Manager of Storage Products Sales & Marketing Division at Toshiba Electronic Devices & Storage Corporation.
The N300 NAS Hard Drive series is designed for use in high-performance personal, home office and small business network attached storage applications such as for scalable RAID systems. It is optimized for the performance, reliability and endurance requirements of 24/7 operation high-capacity storage.
The X300 Performance Hard Drive series delivers extreme performance and robust capacity for creative and professional applications including graphic design, animation, photo and video editing, and PC gaming. With up to 14TB, the new hard drives easily store and provide access to even the fastest-growing gaming libraries.
General availability of the new capacity models will start in December 2018. For further information and the detailed product specifications on our full line of consumer hard drive storage products, please visit: http://www.canvio.jp/sp_ihdd/en.htm.
Notes:
[1] One Gigabyte (GB) means one billion bytes and one Terabyte (TB) means one trillion bytes. Total available capacity will vary based on operating environment and may show less storage capacity. Your results will vary. A computer operating system, however, reports storage capacity using powers of 2 for the definition of 1TB = 240 = 1,099,511,627,776 bytes and therefore shows less storage capacity.
[2] As for "Drive Bays Supported", please contact your solutions provider because the compatibility with the host device will vary based on the RAID system.
* Information in this document, including product prices and specifications, content of services and contact information, is current and believed to be accurate on the date of the announcement but is subject to change without prior notice.
* Images displayed in the banners are for illustration purposes only and do not show the actual products. The images are merely intended to help illustrate the function of the products.
* Company names, product names, and service names may be trademarks of their respective companies.
Product Inquiries:
Toshiba Electronic Devices & Storage Corporation
Storage Products Division
https://toshiba.semicon-storage.com/ap-en/contact.html
About Toshiba Electronic Devices & Storage Corporation
Toshiba Electronic Devices & Storage Corporation combines the vigor of a new company with the wisdom of experience. Since becoming an independent company in July 2017, we have taken our place among the leading general devices companies, and offer our customers and business partners outstanding solutions in discrete semiconductors, system LSIs and HDD.
Our 22,000 employees around the world share a determination to maximize the value of our products, and emphasize close collaboration with customers to promote co-creation of value and new markets. We look forward to building on annual sales now surpassing 800-billion yen (US$7 billion) and to contributing to a better future for people everywhere.
Find out more about us at https://toshiba.semicon-storage.com/ap-en/top.html
View source version on businesswire.com: https://www.businesswire.com/news/home/20181205005906/en/
Contact
Media Inquiries:
Toshiba Electronic Devices & Storage Corporation
Digital Marketing Department
Chiaki Nagasawa
Tel: +81-3-3457-4963
semicon-NR-mailbox@ml.toshiba.co.jp
Source : Toshiba Electronic Devices & Storage Corporation
--BERNAMA
The new 12TB and 14TB models operate at 7,200rpm and come with an ultra-high 256MB data buffer. The N300 NAS and X300 models use Toshiba’s advanced Stable Platter Technology to minimize vibrations by stabilizing the motor shaft at both ends for improved tracking accuracy and maximum performance during read and write operations.
The N300 NAS models include rotational vibration (RV) sensors and deliver sustained data transfer speeds up to 260MB/s for 14TB or up to 253MB/s for 12TB. With support for up to 8[2] HDD multi-RAID systems, the new N300 models are highly scalable to the users’ NAS configurations as their data storage needs evolve, and large amounts of data need to be efficiently stored and accessed daily.
“The new drives deliver exceptional performance, storage, reliability and power efficiency, using advanced technologies that will continue to increase capacity and keep Toshiba as an innovator in the storage space,” said Fujiki Hirohisa, Senior Manager of Storage Products Sales & Marketing Division at Toshiba Electronic Devices & Storage Corporation.
The N300 NAS Hard Drive series is designed for use in high-performance personal, home office and small business network attached storage applications such as for scalable RAID systems. It is optimized for the performance, reliability and endurance requirements of 24/7 operation high-capacity storage.
The X300 Performance Hard Drive series delivers extreme performance and robust capacity for creative and professional applications including graphic design, animation, photo and video editing, and PC gaming. With up to 14TB, the new hard drives easily store and provide access to even the fastest-growing gaming libraries.
General availability of the new capacity models will start in December 2018. For further information and the detailed product specifications on our full line of consumer hard drive storage products, please visit: http://www.canvio.jp/sp_ihdd/en.htm.
Notes:
[1] One Gigabyte (GB) means one billion bytes and one Terabyte (TB) means one trillion bytes. Total available capacity will vary based on operating environment and may show less storage capacity. Your results will vary. A computer operating system, however, reports storage capacity using powers of 2 for the definition of 1TB = 240 = 1,099,511,627,776 bytes and therefore shows less storage capacity.
[2] As for "Drive Bays Supported", please contact your solutions provider because the compatibility with the host device will vary based on the RAID system.
* Information in this document, including product prices and specifications, content of services and contact information, is current and believed to be accurate on the date of the announcement but is subject to change without prior notice.
* Images displayed in the banners are for illustration purposes only and do not show the actual products. The images are merely intended to help illustrate the function of the products.
* Company names, product names, and service names may be trademarks of their respective companies.
Product Inquiries:
Toshiba Electronic Devices & Storage Corporation
Storage Products Division
https://toshiba.semicon-storage.com/ap-en/contact.html
About Toshiba Electronic Devices & Storage Corporation
Toshiba Electronic Devices & Storage Corporation combines the vigor of a new company with the wisdom of experience. Since becoming an independent company in July 2017, we have taken our place among the leading general devices companies, and offer our customers and business partners outstanding solutions in discrete semiconductors, system LSIs and HDD.
Our 22,000 employees around the world share a determination to maximize the value of our products, and emphasize close collaboration with customers to promote co-creation of value and new markets. We look forward to building on annual sales now surpassing 800-billion yen (US$7 billion) and to contributing to a better future for people everywhere.
Find out more about us at https://toshiba.semicon-storage.com/ap-en/top.html
View source version on businesswire.com: https://www.businesswire.com/news/home/20181205005906/en/
Contact
Media Inquiries:
Toshiba Electronic Devices & Storage Corporation
Digital Marketing Department
Chiaki Nagasawa
Tel: +81-3-3457-4963
semicon-NR-mailbox@ml.toshiba.co.jp
Source : Toshiba Electronic Devices & Storage Corporation
--BERNAMA
LeddarTech closes US$23.7 million financing for company´s expansion
KUALA LUMPUR, Dec 4 (Bernama) -- LeddarTech Inc has closed a US$ 23.7 million of bridge financing for expansion of its research and development teams to accelerate the introduction of its automotive LiDAR development platform. (US$1 = RM 4.19)
The financing consists of a revolving loan from Desjardins Group -- one of the leading Canadian financial cooperatives -- and a convertible note from existing shareholders, led by Desjardins-Innovatech, S.E.C, a statement said.
“The financing from both our strategic and financial investors, as well as the continuous support from our banking partners in our growth, is a testament to the continued confidence they have in LeddarTech,” said Chief Executive Officer of LeddarTech, Charles Boulanger.
“The new investment will enable us to enhance the organisation at all levels to meet market demand and support these new customers,” said president and COO of LeddarTech, Frantz Saintellemy.
LeddarTech is an industry leader providing the most versatile and scalable automotive LiDAR development platform. More details on www.LeddarTech.com.
-- BERNAMA
-- BERNAMA
BeyondTrust named Leader in Gartner Magic Quadrant Dec 2018
KUALA LUMPUR, Dec 6 (Bernama) -- BeyondTrust -- a global leader in Privilege-Centric Security -- has been named a Leader in Gartner’s December 2018 Magic Quadrant for Privileged Access Management.
Gartner is the world’s leading information technology research and advisory company. It offers expert, objective and insight reports on virtually all areas of information technology, a statement said.
“Managing administrative rights and removing privileges is the only reliable way to stop insider privilege abuse and misuse,” said Chief Executive Officer at BeyondTrust, Matt Dircks.
“We believe that this Leader positioning validates BeyondTrust’s abilities in the PAM market, focused on platform breadth, solution depth, integrations and value,” added Dircks.
BeyondTrust offers the most seamless and straightforward approach to preventing data breaches related to stolen credentials, hijacked insider accounts and misused privileges More details on www.beyondtrust.com.
-- BERNAMA
ERISX POSITIONED TO DOMINATE THE DIGITAL ASSET SPACE WITH SUPPORT FROM SECOND ROUND OF INVESTORS
NEW YORK & CHICAGO, Dec 5 (Bernama-BUSINESS WIRE) -- ErisX today announced the closing of Series B funding from an influential group of investors spanning the traditional capital and digital asset markets including Bitmain, ConsenSys, Fidelity Investments, Nasdaq Ventures (NDAQ) and TradeStation Securities’ parent company, Monex Group Inc. (TSE: 8698). ErisX is receiving additional support from existing investors including CTC Group Investments, Digital Currency Group, DRW Venture Capital, Pantera Capital and Valor Equity Partners.
With such authoritative firms behind ErisX, the Exchange’s position is cemented as an industry-needed solution for a fair and transparent platform in the digital asset space. The new investors are part of an earlier group that saw a void in the market; including DRW Venture Capital, Valor Equity Partners, TD Ameritrade (AMTD), Virtu Financial (VIRT), NEX Opportunities, Cboe Global Markets (CBOE), CTC Group Investments, Digital Currency Group, Nico Trading, Pantera Capital, Third Stone Partners, CMT Digital, Susquehanna International Group, XR Trading, C2 Capital Management and ED&F Man Capital Markets Inc.
Led by Chief Executive Officer Thomas Chippas, Chief Commercial Officer Kelly Brown and Head of Clearing Liz James, among other derivatives and digital asset experts, ErisX will operate an intermediary-friendly, CFTC-regulated futures exchange (registered) and clearing organization (registration pending), as well as a spot market for digital assets.
“With increasing financial support from leading edge firms, ErisX stands to provide the most robust, secure and regulated digital asset offering available to both institutional and individual participants,” said Chippas. “Closing this second round of funding enables us to continue building our modern platform and expand our team.”
ErisX will leverage their investors’ strengths, experiences and knowledge in pioneering a single platform for digital asset spot and regulated futures contracts.
“Many of our customers have been seeking various hedging solutions and would be happy to see US regulatory compliant exchanges like ErisX provide spot and futures’ contracts in one platform,” said Jihan Wu of Bitmain. “We are confident that our customers will find this strategic partnership beneficial.”
“The formation of ErisX is an important step in continuing the convergence of digital and traditional asset classes in global institutional financial services,” said Joseph Lubin, CEO of ConsenSys. “We are excited to invest and to be working with the extremely credible team. We look forward to seeing ErisX drive significant growth in institutional flows in both spot and futures digital asset markets in 2019.”
“Our customers are increasingly interested in the digital asset space,” said John Bartleman, President of TradeStation Group. “We believe ErisX recognized a gap in the crypto market and we are excited to partner with them to bring sophisticated traders into this space.”
To learn more about ErisX please visit www.erisx.com or contact the team at info@erisx.com. The CFTC does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians, or markets.
About ErisX
ErisX offers individuals and institutions a single, innovative platform to access digital asset spot and futures markets. By combining professional tools, advanced technology, sophisticated regulatory oversight, and a diverse product set, ErisX offers compliant, capital markets friendly workflows to digital market participants. Backed by some of the worlds largest trading firms and financial institutions, ErisX brings transparency and reliability to the digital asset class. ErisX, Eris Exchange, and the ErisX and Eris Exchange logos are trademarks of the Eris Exchange group of companies. Aspects of ErisX’s offering are subject to regulatory approval, including its pending license as a clearing organization with the CFTC.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181204005121/en/
Contact
Jessica Titlebaum Darmoni
+1-312-358-3963
Source : ErisX
--BERNAMA
With such authoritative firms behind ErisX, the Exchange’s position is cemented as an industry-needed solution for a fair and transparent platform in the digital asset space. The new investors are part of an earlier group that saw a void in the market; including DRW Venture Capital, Valor Equity Partners, TD Ameritrade (AMTD), Virtu Financial (VIRT), NEX Opportunities, Cboe Global Markets (CBOE), CTC Group Investments, Digital Currency Group, Nico Trading, Pantera Capital, Third Stone Partners, CMT Digital, Susquehanna International Group, XR Trading, C2 Capital Management and ED&F Man Capital Markets Inc.
Led by Chief Executive Officer Thomas Chippas, Chief Commercial Officer Kelly Brown and Head of Clearing Liz James, among other derivatives and digital asset experts, ErisX will operate an intermediary-friendly, CFTC-regulated futures exchange (registered) and clearing organization (registration pending), as well as a spot market for digital assets.
“With increasing financial support from leading edge firms, ErisX stands to provide the most robust, secure and regulated digital asset offering available to both institutional and individual participants,” said Chippas. “Closing this second round of funding enables us to continue building our modern platform and expand our team.”
ErisX will leverage their investors’ strengths, experiences and knowledge in pioneering a single platform for digital asset spot and regulated futures contracts.
“Many of our customers have been seeking various hedging solutions and would be happy to see US regulatory compliant exchanges like ErisX provide spot and futures’ contracts in one platform,” said Jihan Wu of Bitmain. “We are confident that our customers will find this strategic partnership beneficial.”
“The formation of ErisX is an important step in continuing the convergence of digital and traditional asset classes in global institutional financial services,” said Joseph Lubin, CEO of ConsenSys. “We are excited to invest and to be working with the extremely credible team. We look forward to seeing ErisX drive significant growth in institutional flows in both spot and futures digital asset markets in 2019.”
“Our customers are increasingly interested in the digital asset space,” said John Bartleman, President of TradeStation Group. “We believe ErisX recognized a gap in the crypto market and we are excited to partner with them to bring sophisticated traders into this space.”
To learn more about ErisX please visit www.erisx.com or contact the team at info@erisx.com. The CFTC does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians, or markets.
About ErisX
ErisX offers individuals and institutions a single, innovative platform to access digital asset spot and futures markets. By combining professional tools, advanced technology, sophisticated regulatory oversight, and a diverse product set, ErisX offers compliant, capital markets friendly workflows to digital market participants. Backed by some of the worlds largest trading firms and financial institutions, ErisX brings transparency and reliability to the digital asset class. ErisX, Eris Exchange, and the ErisX and Eris Exchange logos are trademarks of the Eris Exchange group of companies. Aspects of ErisX’s offering are subject to regulatory approval, including its pending license as a clearing organization with the CFTC.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181204005121/en/
Contact
Jessica Titlebaum Darmoni
+1-312-358-3963
Source : ErisX
--BERNAMA
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