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HONG KONG, Feb. 26, 2024 /PRNewswire/ -- On 24 February, the Lantern Festival, the 4th Fosun Family Season, which was held for 72 days, concluded successfully with the inaugural digital lighting ceremony of the 2024 Yuyuan Garden Lantern Festival. This year's Fosun Family Season was held during the Chinese New Year period for the first time. Centering around "Celebrating Chinese New Year with Fosun," it brought together more than 60 brands under Fosun including Yuyuan Tourist Mart, Atlantis Sanya, Club Med, Laomiao, and Shede Spirits, and created a festive atmosphere and immersive experience with oriental lifestyle aesthetics for families worldwide, including activities such as enjoying lanterns, drinking wine to celebrate the arrival of spring, wearing gold jewelry, having reunion dinner, getting new clothes, getting glowing skin and sending gifts. In addition, integrating the festive atmosphere, it released more than 80 new products for the Year of the Dragon and hosted thousands of events domestically and internationally to meet consumer demands in areas such as clothing, food, accommodation, tourism, health, wellness, and wealth. Highlights of this year's Fosun Family Season include total sales exceeding RMB10 billion, the overseas debut of Yuyuan Garden Lantern Festival, and the digital construction of Fosun Family Season. With an emphasis on "stability" and even stronger emphasis on "progress" and "establishment", the highlights of this year's Fosun Family Season sent a more positive signal of high-quality development. Seek development from "IPs" to stimulate new momentum During the Lantern Festival, the Yuyuan Garden Lantern Festival in Shanghai once again became a top attraction. The 40-day Yuyuan Garden Lantern Festival kicked off with the lighting of the lantern installation "A Night of Fish and Dragon Dance" and ushered in a lantern-viewing frenzy. During the New Year period, foot traffic exceeded 200,000 in a single day, highlighting the influence of the IP. While receiving good feedback, it also gained more favor from consumers. During the Chinese New Year, Yuyuan Garden Lantern Festival in Shanghai saw people from all over the country and welcomed nearly 700,000 visitors, driving sales of various industries and products to increase by about 50%. To date, this year's Yuyuan Garden Lantern Festival attracted more than 4 million visitors, and the sales performance during the holiday significantly improved. As a national intangible cultural heritage, the Yuyuan Garden Lantern Festival has been held 29 times. With strong IP attributes, it has potential to make a significant impact in driving dissemination and empowering development. The Yuyuan Garden Lantern Festival's "Adventure of Mountains and Seas" was replicated as an IP content to Rudong, Jiangsu and Shenyang, generating further market resonance and achieving rapid consumption conversion. During the Spring Festival, "Rudong's First Chinese New Year Yuyuan Garden Lantern Festival" held in Forte Shang He Yin Xiang in Rudong saw a 150% increase in average daily foot traffic compared to the previous period, and a nearly 200% increase in sales compared to January, while Sheng Jing Long Cheng in Shenyang saw a 173% year-on-year increase in foot traffic, and a 172% year-on-year increase in sales. Seeking benefits and development from IPs is an opportunity and a challenge of the times. How can we create IPs with greater impact and vitality? This year's Fosun Family Season gave an answer. Atlantis Sanya experienced a high level of popularity during the 2024 Spring Festival. From the 26th day of the last month of the lunar calendar to the 11th day of the first month of the lunar calendar, Atlantis Sanya saw a revenue of RMB200 million in 16 days, representing an increase of 22% over the same period in 2023. In particular, non-hotel room revenue (including waterpark, dining, retail, performances) grew significantly. Atlantis Sanya also live-streamed Spring Festival events at the hotel, attracting a large number of non-hotel guests to watch the Year of the Dragon Lantern Festival and the underwater dragon dance performance at Atlantis Sanya. It is reported that for the 2025 Spring Festival, Atlantis Sanya plans to create the largest Chinese New Year Lantern Festival in Hainan, echoing the Yuyuan Garden Lantern Festival in Shanghai to create the ultimate experience and unforgettable memories for guests in both locations. The integration of traditional IP and innovative IP will create new development breakthroughs that are worth looking forward to. High-quality cultural provision stimulates endogenous momentum Since 15 December 2023, 60 large lantern installations and more than 2,000 lanterns from the Yuyuan Garden Lantern Festival in Shanghai, China, have landed Jardin d'Acclimatation in France. With the theme of "Spirit of the Mountains and Seas", the Festival Dragons et Lanternes is inspired by the ancient Chinese mythology "The Classic of Mountains and Seas" written more than 2,000 years ago. It integrates various mythical creatures of the mountains and seas, such as the strong Longma (Dragon & Horse), the soaring Kunpeng (big fish), the powerful Yinglong (flying dragon), and the elegant white deer into 60 lantern installations and more than 2,000 lanterns, showcasing the blessing ritual of Chinese New Year with oriental spiritual essence, and presenting a dazzling Chinese fantasy world to overseas visitors. Jardin d'Acclimatation, established in the 19th century, has opened an evening session for the Festival Dragons et Lanternes, with tickets priced at 18 euros. Visitors often arrived early, forming long queues that stretch across two blocks before the park opens. During peak hours, Jardin d'Acclimatation recorded a huge foot traffic of 4,000 people per hour. As a result, crowd control measures had to be implemented, and the President of Jardin d'Acclimatation said, "I haven't seen a such huge crowd in years!". After visiting the Festival Dragons et Lanternes in person, officials responsible for public space in some cities around Paris expressed that their desire to introduce the Yuyuan Garden Lantern Festival. Culture serves as an important pillar for promoting high-quality development. High-quality cultural provision plays an increasingly prominent role in activating corporate momentum, improving the quality of development, and promoting the optimization and upgrading of the economic structure. In this year's Fosun Family Season, the grand scenario Yuyuan Garden Lantern Festival integrated culture and economy to further stimulate the endogenous momentum of the corporate ecosystem. Various dragon-themed products such as dragon lanterns and dragon hats at the Yuyuan Garden Lantern Festival were highly sought after by consumers, with sales increasing by 50% year-on-year; the cultural gene of Laomiao, "good luck", caters to the inner desires of young people, driving the consumption of gold jewelry. During this year's Chinese New Year, Laomiao's sales increased by 45% year-on-year; the sales of Yayi Year of the Dragon gold bars were more than ten times that of other years. It is worth mentioning that as the chief partner of the Yuyuan Garden Lantern Festival in Shanghai, this year marks the third collaboration with the Yuyuan Garden Lantern Festival to jointly showcase cultural integration and oriental craftsmanship. The sales of Shede's Year of the Dragon spirits saw a 39% increase compared to the same period last year. This year's Fosun Family Season demonstrated the significance of strengthening high-quality culture provision. By transforming cultural resource advantages into industrial advantages, it not only injected new momentum into the high-quality development of enterprise, but also served as an important driving force for economic development. In the future, Fosun will continue to create and replicate more than ten phenomenon event IPs, including Shede aged spirits banquet, Wolves Esports, and Fengjing Market, which are expected to stimulate new momentum in the consumer market. Digital and physical integrated development to explores new paths A giant dragon soared from the screen, ascending around the main lighting installation at the central square of Yuyuan Tourist Mart. Guests at the scene turned the pointer of the compass, and thousands of lights lit up instantly. The first digital lighting ceremony in the history of the Yuyuan Garden Lantern Festival completed the seamless integration of online and offline lantern festival, marking a new path for the digital and physical integrated development of Fosun's ecosystem. The integrated development of the digital economy and the real economy has become a crucial strategic initiative in China's new journey towards modernization. As a global innovation-driven consumer group, Fosun has been committed to enhancing operational efficiency of industries through digitalization. This year's Fosun Family Season integrated various industries and brands under Fosun, including jewelry, commercial districts, dining, beverages, tourism to provide users with cost-effective benefits and products through Alipay special venues, live streaming sessions, etc., resulting in sales exceeding RMB100 million on Alipay. In particular, Yuyuan took the lead in adopting the same "AR interactive + digital human" technology as the Asian Games opening ceremony on Alipay in offline commercial districts to present the world's first digital lantern festival. To date, over a million people have used Alipay to light up dragon lanterns for blessings, and scanned the AR code to experience the virtual and reality integrated "Adventure of Mountains and Seas"; more than 1.5 million people have watched the Yuyuan Garden AR live stream to enjoy the Yuyuan Garden Lantern Festival and experience the festive atmosphere of Yuyuan Garden from the comfort of their homes; Laomiao, a subsidiary of Fosun, held live streaming sessions on Alipay, with cumulative sales exceeding RMB60 million. During the Lunar New Year's Shopping Festival, Laomiao achieved sales of nearly RMB9 million from a single live streaming session. "Home is where happiness begins, and household consumption scenario is a scenario that brings happiness to all. In the future, household consumption demand will be even more vibrant, and Fosun will remain committed to its mission of 'creating happier lives for families worldwide'. We will continue focus on the household consumption sector, and constantly create good products, content and scenarios, bringing more happiness to families worldwide," Xu Xiaoliang, Co-CEO of Fosun International said.
LONDON, Feb. 22, 2024 /PRNewswire/ -- XTX Markets, a leading algorithmic trading company, is excited to announce the launch of XTY Labs, a new machine learning division to be headed by newly appointed Research Director, Dr. Atlas Wang. XTY Labs is set to become a hub for elite machine learning researchers and will be home to the new 'XTY Labs AI Residency Program', offering researchers short-term AI residency contracts ranging from 6-12 months. For more details on the program and AI residencies (in terms of the roles and compensation) click here. The program is designed to provide elite researchers with the freedom, guidance and resources to create cutting-edge machine learning solutions tailored for the complexities of finance. Award-winning, machine learning specialist Dr. Atlas Wang will lead XTY Labs. He brings a wealth of experience and extensive expertise in machine learning, optimization and AI technologies to the role. Dr. Atlas Wang, Research Director of XTX Markets' XTY Labs, commented: "I am thrilled to join XTX Markets. It's an honour to lead such a unique division where the brightest minds in AI and finance will converge to redefine the future of algorithmic trading. Our mission is to rapidly turn the latest AI breakthroughs into tangible market advantages, and I eagerly anticipate the revolutionary solutions that will emerge from this truly unique endeavour. With a world-class team, unparalleled resources, and a culture that fosters pioneering research, the XTY Labs is poised to become the crucible of next-generation financial technologies." Dr. Alex Gerko, Founder and Co-CEO of XTX Markets, commented: "We are delighted to launch XTY Labs and welcome Atlas to the team. This launch is a response to the many queries we have had from exceptional candidates, who may not be ready to take the leap into finance full time. The program is designed to match the experience of XTX researchers as closely as possible and it's a fantastic opportunity for some to eventually transition into the core quant team at XTX. We look forward to supporting and nurturing the AI residents and seeing the developments from XTY Labs in the coming years.'' About XTX Markets, XTY Labs and the AI Residency Program: XTX Markets is a leading algorithmic trading company and has over 200 employees based in London, Paris, New York, Mumbai, Yerevan and Singapore. XTX provides liquidity in the Equity, FX, Fixed Income and Commodity markets and trades over $250bn a day across markets. XTX Markets' expansive research cluster contains 100,000 cores and 20,000 A/V100 GPUs and is growing. We also have 390 petabytes of usable storage and 7.5 petabytes of RAM. Alongside rich datasets and advanced technological infrastructure we are at the forefront of the crossover of finance and technology. XTX's corporate philanthropy focuses on STEM education and maximum impact giving (alongside an employee matching programme). Since 2017, XTX has donated over £100mn to charities and good causes, establishing it as a major donor in the UK and globally. XTY Labs is designed to be a home for those eager to pioneer the future of algorithmic trading, with a strategic focus on developing and applying novel machine learning techniques to financial data. The division will be situated in Hudson Yards (New York) where researchers will have the opportunity to explore new ideas and transform their advanced machine learning research into real-world financial solutions, backed by XTX Markets' expansive research cluster containing 100,000 cores and 20,000 A/V100 GPUs and growing, alongside rich datasets, and advanced technological infrastructure. Emphasizing practical application, the Lab's mission is to swiftly integrate successful models into the market, directly enhancing XTX Market's trading strategies and operations. This direct pipeline from research to implementation establishes the XTY Labs as a premier destination for those looking to make a significant impact in the financial sector through original machine learning research. XTY Labs is seeking AI Residents with a history of significant contributions to research in elite academic settings, such as PhDs, post-docs, or professorships to join the XTY Labs AI Residency Program. Exceptional machine learning researchers looking to explore how their expertise can revolutionize the finance industry will find fertile ground for research breakthroughs at the intersection of AI and finance within the XTY Labs. There are two pathways within the AI Resident Program, designed to accommodate professionals at varying stages of their research careers, with both Junior and Senior AI residencies, each tailored to align with the applicants' research experience and expertise. Top-performers from the program will have the opportunity to transition into the core quantitative team of XTX Markets in London. About Dr. Atlas Wang: Dr. Atlas Wang has been a tenured Associate Professor at The University of Texas at Austin and has held various industry roles, most recently appointed as the new Research Director at XTX Markets. Dr. Wang, with a distinguished academic and professional track record, brings extensive expertise in machine learning, optimization, and AI technologies. His research focuses on efficiently training and scaling foundational models, model robustness, and generative AI, among other areas. Dr. Wang has received numerous awards, including the IEEE AI's 10 To Watch Award, an NSF CAREER Award, an ARO Young Investigator Award, and many other accolades from industry and professional societies.
Model Copilot Enhances Model Documentation and Governance with Advanced AI NEW YORK, Feb. 20, 2024 /PRNewswire/ -- Montoux, a leading provider of AI and actuarial modeling technology, today announced the launch of Model Copilot, the first-ever generative AI copilot designed specifically for actuaries. This groundbreaking product is set to transform actuarial work by removing 80-90% of the time required to complete common modeling tasks. Model Copilot boasts an ever-growing suite of features aimed at tackling the complexities of model documentation and governance. By harnessing the power of advanced generative AI, Model Copilot assists actuaries in the understanding, documenting, and maintaining of models with an unprecedented level of clarity, accuracy, and efficiency. By automating the most time-consuming aspects of model documentation and governance, Model Copilot enables actuaries to focus on strategic decision-making and analytical tasks, significantly enhancing productivity and the quality of outputs. "Model Copilot represents a significant leap forward in the integration of generative AI within the actuarial field," said Klaas Stijnen, co-Founder and co-CEO of Montoux. "We are committed to providing innovative solutions that empower actuaries, and Model Copilot is a testament to this commitment. By automating and enhancing model documentation, we're not only improving the efficiency and accuracy of actuarial work but also setting a new standard for the industry. Model Copilot's feature set will expand greatly over time to solve additional challenges that actuaries face in their day to day work." Key Benefits of Model Copilot: Best-in-Class Documentation: Model Copilot generates comprehensive, clear, and concise documentation that meets and exceeds industry standards. This ensures that models are fully understandable and transparent, facilitating easier review, validation, and regulatory compliance. Time Efficiency: By automating large components of the documentation process, Model Copilot drastically reduces the time actuaries need to spend on manual documentation. This frees up valuable time for actuaries to concentrate on more complex and impactful work. Consistency and Accuracy: Model Copilot enables consistent documentation across all models in an estate, minimizing the risk of human error and enhancing the reliability of actuarial work. Ease of Implementation: Model Copilot requires no actuarial system migration of models. Insurers just upload model information and documentation standards and can immediately realize the value of the application. Secure, Transparent and Auditable AI: Model Copilot can be deployed via Montoux's secure cloud environment or within the insurer's. Insurers can also choose their preferred LLM and configure the application to meet their internal data security and privacy requirements. Montoux's Model Copilot is now available to insurers looking to elevate their modeling capabilities and embrace the future of generative-AI enabled finance transformation. For more information about Model Copilot and how it can modernize your actuarial processes, please visit: www.montoux.ai About Montoux: Montoux is the leading provider of actuarial AI and modeling tools, setting a new standard for how actuaries and insurance companies assess and manage risk. Montoux's toolkit harnesses the power of artificial intelligence, cloud and automation to modernize traditional actuarial processes, enabling insurers to break free from the constraints of traditional modeling systems and amplify both actuarial productivity and strategic impact. Customers include several of the world's leading insurance providers across North America, Europe and Asia Pacific, and the company has been listed on both the Insurtech100 and AIFintech100 lists as one of the most innovative tech companies in the world. Learn more: www.montoux.ai Media Contact:Matt Cookmatt.cook@montoux.comHead of Marketing & PartnershipsMontoux989-882-5435
HONG KONG SAR - Media OutReach Newswire - 7 February 2024 - MediConCen Limited, an Insurtech company that automates insurance claims using AI and blockchain, announced that it has raised USD 6.85 million in its latest Series A round. The new funding is led by HSBC Asset Management and has also received support from existing investors including G&M Capital, ParticleX, and new investor Wings Capital Ventures. To date, MediConCen received USD 12.7 million, and this new investment will accelerate its growth in the international market, including the Middle East and Southeast Asia. (From left to right) Mr. Kelvin Yeung, Co-Founder & COO of MediConCen; Mr. William Yeung, Co-Founder & CEO of MediConCen and Ms. Jenny Lau, Co-Founder & CMO of MediConCen "Insurance does good for the society but often it is not felt by the customers. There is much frustration dealing with the medical claim process for both customers and insurers alike. We always aim to create a 10x better customer experience, and we believe that insurance claims are the most pressing area to address. MediConCen's capability to deliver extraordinary solutions lies in our profound understanding of insurance and state-of-the-art technology. We are changing the paper-based and human-based claim process to digital- and AI-assisted journey, utilising the latest AI and blockchain technology. We are glad to have the Venture Capital team at HSBC Asset Management join us as an investor supporting our mission to revolutionise the insurance claim experience" said William Yeung, CEO and co-founder of MediConCen. "Given our operational background in financial products and services, we are true believers in the transformational effect of digitization. Insurance's true value is realised the moment policyholders experience an insured event. We are supportive of MediConCen's aim to improve this experience by simplifying and speeding up the claims journey, including ensuring that the claim amount is fair, with a technology backbone that supports the scaling up of these benefits." Said Kara Byun, Head of Fintech, Venture & Growth Investments, HSBC Asset Management. MediConCen is a Cyberport community start-up that had joined the Cyberport Incubation Programme in 2018 and benefited from the financial support and access to partners and networks. With the support of the Cyberport Macro Fund, an investment fund which provides seed to Series A stage and beyond funding to Cyberport digital entrepreneurs, MediConCen has successfully secured extra co-investments to facilitate its growth in 2020.Hashtag: #MediConCen #HSBC #Insurtech #newfunding #seriesA #Insurance #claim #AI #blockchainhttps://mediconcen.comhttps://hk.linkedin.com/company/mediconcenhttps://www.facebook.com/MediConCen/https://www.instagram.com/mediconcenThe issuer is solely responsible for the content of this announcement.MediConCen LimitedMediConCen is a leading InsurTech company that automates insurance claims using AI and blockchain. It is the first in Hong Kong to utilize Hyperledger blockchain technology to provide clients with seamless and automatic experience in insurance claims. MediConCen has secured a blockchain patent in the US and Hong Kong. The company serves over 16 insurers and more than 1 million insured individuals, and its cashless claim platform has over 1,200 medical providers participating.HSBC Asset ManagementHSBC Asset Management should be referred to either in full or as HSBC AM to avoid confusion with any other financial services firms. HSBC Asset Management, the investment management business of the HSBC Group, invests on behalf of HSBC's worldwide customer base of retail and private clients, intermediaries, corporates and institutions through both segregated accounts and pooled funds. HSBC Asset Management connects HSBC's clients with investment opportunities around the world through an international network of offices in 23 countries and territories, delivering global capabilities with local market insight. As at 30 September 2023, HSBC Asset Management managed assets totalling US$662bn on behalf of its clients. HSBC Asset Management is the brand name for the asset management businesses of HSBC Holdings plc.
JAKARTA, Indonesia, Jan. 30, 2024 /PRNewswire/ -- D3 Labs, a pioneer in programmable assets and blockchain technology is thrilled to announce its strategic initiative aimed at solidifying and enhancing its role in Indonesia's financial landscape. This significant step underscores D3 Labs' commitment to solidifying its presence in Indonesia, as it continues to play a pivotal role in reshaping the country's financial ecosystem. As one of the first Fintech companies to enable financial institutions in Indonesia to harness the power of DLT, D3 Labs has been instrumental in revolutionizing financial processes and enhancing the country's regional competitiveness. D3 Labs Enhances Leadership with Key Advisor Appointments: Irawan Mulyadi and Harry Sasongko In a significant move towards strengthening our position in Indonesia's financial markets, D3 Labs proudly announces the strategic onboarding of two key advisors. Irawan Mulyadi, a seasoned technopreneur renowned for his expertise in strategically applying information technology, brings a wealth of experience to our team. Notably, he is the Commissioner of PT International Biometrics Indonesia, a company chosen to develop a National ID system for the government. Additionally, we are honored to welcome Harry Sasongko, a distinguished figure in the Indonesian banking industry, to our advisory team. Harry Sasongko boasts an extensive professional history, such as Vice President at Citibank, Director at PT Lippo Bank, CEO of Indosat, and President Director at PT GE Finance Indonesia. Presently, he serves as a Director at Bank Mayapada. Their combined expertise, especially in government technology and the Indonesian banking industry, is crucial for D3 Labs as it seeks to make headway in Indonesia's financial markets. Chung Ying Lai, Co-CEO of D3 Labs, emphasizes the importance of their contributions, stating, "The strategic onboarding of advisors, Irawan, a government technology expert, and Harry, an Indonesian financial expert, enhances our capacity to foster positive engagement with local regulators and financial institutions, ensuring a strategic and pioneering approach to industry developments." D3 Labs has not only strengthened its advisory team but also forged a strategic partnership with one of the world's leading Distributed Ledger Technology (DLT) companies. This collaboration ensures that D3 Labs' technology and solutions are of the highest caliber, serving financial institutions with world-class innovation. Additionally, D3 Labs proudly announces the successful completion of the ISO/IEC 27001:2022 Information Security Management System certification audit, with a scope covering the development and operational services for its Application. This certification underscores D3 Labs' unwavering dedication to information security and data protection. While ISO/IEC 27001 certification is viewed not as an endpoint but as a marker of an ongoing journey to enhance security measures, it represents a significant milestone in D3 Labs' continuous pursuit of excellence. Internationally, global banks have embraced close collaborations with blockchain companies, showcasing the transformative power of merging traditional finance with DLT. HSBC and Wells Fargo have successfully settled over $200 billion in transactions using blockchain, extending its application to settle foreign exchange transactions. Closer to home in Japan, MUFG and Ginco have teamed up for a joint study to explore the creation of an infrastructure for regulatory-compliant stablecoins, enhancing cross-border settlement processes. These collaborative efforts reflect a growing urgency to leverage such innovative solutions in the financial industry. Additionally, the groundbreaking initiative by JPMorgan, Onyx through JPM Coin, is reported to settle $10 billion in transactions daily, further emphasizing the industry's increasing adoption of advanced blockchain solutions for efficient financial transactions. D3 Labs has been deeply engaged with local financial institutions from the outset, conducting extensive Proof of Concepts (POC) and trials to ensure that our solutions are not only compatible but also address the specific needs of the local financial landscape. This proactive approach reflects our commitment to tailoring innovative solutions that resonate with the unique requirements of Indonesian financial institutions. As a testament to our dedication, we actively participated in the BCA SYNRGY accelerator program, showcasing our commitment to offering cutting-edge solutions to the Indonesian banking sector. To sum up, Chung Ying Lai, CEO of D3 Labs, notes, "D3 Labs is proud to be at the forefront of bringing Distributed Ledger Technology (DLT) to Indonesia's financial industry. We've worked hard to innovate and support local businesses in this evolving landscape. Moving forward, D3 Labs remains committed to making a positive impact, fostering innovation, and playing a meaningful role in advancing Indonesia's financial sector." About D3 LabsD3 Labs is a FinTech company offering cutting-edge solutions tailored for Corporations and Financial Institutions. Our Enterprise-Grade Infrastructure enhances operational efficiency, strengthens security, and boosts transparency and asset liquidity. Through the compliant use of distributed ledger technology, we provide strategic value for your business by improving operational efficiency for our partners and clients. For media inquiries and further information about D3 Labs, please contact: Rina KurniawanMarketing and Communications Managerrina@d3labs.io+62 812 2199 2200
ABU DHABI, UAE and SINGAPORE, Jan. 30, 2024 /PRNewswire/ -- ACX Group is pleased to announce the successful connection of AirCarbon Pte. Ltd.'s Singapore based trading platform ("ACX SG"), with the regulated environmental instruments exchange operated by ACX Ltd and ACX Clearing Corporation Ltd ("ACX Exchange") in the Abu Dhabi Global Market ("ADGM"). This exciting enhancement represents an important step in ACX Group's strategy of connecting key global environmental instrument markets, as one consolidated liquidity pool operated under the regulated oversight of the ACX Exchange. Key benefits of ACX SG's connection to the ACX Exchange are: Enhanced Liquidity: The expanded number of market participants trading on ACX Exchange's single order book will increase liquidity and therefore contribute to tighter spreads, more efficient price discovery and enhanced transparency. Global Network: ACX Group's global network ensures that market participants can easily navigate multiple liquidity pools and instruments from a single interface, thus streamlining the trading process, decreasing operational costs and eliminating the need to onboard with multiple platforms. Regulatory Compliance: ACX SG's clients will benefit from the investor protection that results from ACX Exchange's regulatory status, being a Recognised Investment Exchange and a Recognised Clearing House under the supervision of the Financial Services Regulatory Authority of ADGM. The regulatory framework ensures participants trade under a fair, robust and transparent environment, with access to carbon markets globally. Mr. Thomas McMahon, co-CEO & co-Founder at ACX Group, expressed his enthusiasm about this significant milestone, stating, "By connecting ACX SG to the ACX Exchange, we are enhancing liquidity while fortifying investor protection. This synergy offers our clients the best of both worlds, and we are excited to bring these benefits to the trading community." ACX Group invites traders, investors, and market participants to experience the benefits of its platform first-hand and be part of this exciting journey towards a more connected and regulated trading environment. About the ACX Group: ACX Group, including the regulated ACX Exchange (operated by ACX Ltd and ACX Clearing Corporation Ltd) and the Singapore based AirCarbon Pte. Ltd., provides corporates, financial entities, carbon project developers and other market participants, with an efficient and transparent means of trading environmental instruments. Through leveraging distributed ledger technology, ACX provides a seamless and user-friendly platform, with the lowest transaction fees in the market, to facilitate growth of environmental instrument markets and contribute to the necessary transition to a net zero global economy. ACX Group is proud to be a member of the International Emissions Trading Association (IETA) and the International Sustainability and Carbon Certification (ISCC), further enhancing its commitment to sustainability and responsible trading practices for carbon and other environmental products. ACX Group has garnered international recognition as the Best Carbon Exchange globally in Environmental Finance's esteemed Voluntary Carbon Market Rankings for three consecutive years (2021, 2022, 2023), solidifying its position as a leader in the industry. For more information, please contact info@acx.net or visit www.acx.net.
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