SYDNEY, Sept. 17, 2024 /PRNewswire/ — Following recent success at the Finance Magnates Pacific Summit in Australia earlier this month, multi-asset Forex and CFD broker, FP Markets, was presented with three coveted Global Forex Awards at a ceremony held at the La Caleta in Limassol on Thursday 12 September. FP Markets was voted ‘Best Value Broker – Global’ for the sixth time in a row, ‘Best Broker – Europe‘ for the third time running, and ‘Best Partners Programme – Asia‘. 

According to London-based organisers Holiston Media, the Global Forex Awards ‘celebrate the brokers at the forefront of cutting-edge technology, low-cost trading, comprehensive market research tools, advanced educational programmes and world-class customer service’. The winners of the ‘world’s biggest Forex Retail Awards’ were determined through a public voting process, making the trophies all the more so important for retail Forex brands looking to cement their market position and reputation.

When asked about the company’s latest achievement, FP Markets CEO Craig Allison expressed his gratitude and commented, “Winning three Global Forex Awards is another huge achievement for the FP Markets team and one that sets us apart from our competition. Being recognised as a broker which offers innovative and cost-effective trading solutions to traders and partners alike, while maintaining the highest regulatory standards, is testament to our hard work and ethos as a company. Such awards exemplify our credibility when it comes to potential new clients and also demonstrate why our existing traders and partners choose to invest with us.”

Notes to Editors

About FP Markets:

• FP Markets is a Multi-Regulated Forex and CFD Broker with over 19 years of industry experience.
• The company offers highly competitive interbank Forex spreads starting from 0.0 pips.
• Traders can choose from leading powerful online trading platforms, including FP Markets’ Mobile App, MetaTrader 4, MetaTrader 5, WebTrader, cTrader, Iress and TradingView.
• The company’s outstanding 24/7 multilingual customer service has been recognised by Investment Trends and awarded ‘The Highest Overall Client Satisfaction Award’ over five consecutive years.
• FP Markets was awarded ‘Best Global Forex Value Broker’ for five consecutive years (2019, 2020, 2021, 2022, 2023) at the Global Forex Awards.
• FP Markets was awarded the ‘Best Forex Broker – Europe‘ and the ‘Best Forex Partners Programme – Asia‘ at the Global Forex Awards 2022 and 2023.
• FP Markets was awarded ‘Best Trade Execution’, and ‘Most Trusted Broker’ and ‘Best Trade Execution’ at the Ultimate Fintech Awards in 2022 and 2023, respectively.
• FP Markets was crowned ‘Best CFD Broker – Africa‘ at the 2023 FAME Awards.
• FP Markets was awarded ‘Best Trade Execution’ and ‘Most Transparent Broker’ at the Ultimate Fintech Awards APAC 2023.
• FP Markets was awarded the ‘Best Price Execution’ at the Brokersview Awards 2024, Singapore.
• FP Markets was awarded the ‘Best Trading Experience – Africa‘ at the FAME Awards 2024.
• FP Markets was awarded ‘Most Transparent Broker’ and ‘Best Trading Conditions’ at the Global Ultimate Fintech Awards 2024.
• FP Markets was awarded ‘Best Forex Spreads APAC’ and ‘Best Trading Experience APAC’ at the 2024 Finance Magnates Pacific Summit.
• FP Markets regulatory presence includes the Australian Securities and Investments Commission (ASIC), the Financial Sector Conduct Authority (FSCA) of South Africa, the Financial Services Commission (FSC) of Mauritius, the Cyprus Securities and Exchange Commission (CySEC), the Securities Commission of the Bahamas (SCB), and the Capital Markets Authority (CMA) of Kenya.

For more information on FP Markets’ comprehensive range of products and services, visit https://www.fpmarkets.com/.

Photo: https://mma.prnewswire.com/media/2507331/FP_MARKETS.jpg
Logo: https://mma.prnewswire.com/media/1574261/FP_Markets_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/fp-markets-wins-treble-at-the-global-forex-awards-302250058.html

Partnership will see Cognizant implement digital products and data capabilities with the goal of enhancing and expanding fan and player engagement

LONDON, Sept. 17, 2024 /PRNewswire/ — The England and Wales Cricket Board (ECB) and Cognizant (Nasdaq: CTSH) have announced a partnership which is set to offer recreational cricket fans, players and volunteers an improved digital experience as part of the national cricket governing body’s ongoing digital transformation.

As the Official Digital Technology Transformation Partner and Official IT Consulting Partner, Cognizant will be the key strategic partner for the ECB’s recreational game systems programme – aiming to develop integrated and user-friendly digital products that simplify numerous administrative tasks involved in running recreational cricket, and providing a streamlined and inclusive digital experience that facilitates a more meaningful engagement for all participants with the game. The first phase is due to become operational in 2025.

Cognizant will also support the ECB with wider digital and technology initiatives to continue cricket’s growth in England and Wales. A key part of this will be an annual innovation fund, which the ECB will utilize to test early-stage innovations that could grow the game across aspects such as commercial, fan engagement and infrastructure.

ECB Director of Digital and Data, Alison Crowe, said: “The ECB is delighted to collaborate with Cognizant to advance its digital technology transformation. Cognizant brings a wealth of experience in this space and hugely impressive credentials. It’s a new approach for us to be able to work with a partner in this way and the Digital & Data and Technology teams at the ECB are excited to be working with Cognizant, to help transform the recreational game.”

“Cognizant is proud to advance innovation in grassroots cricket in partnership with the ECB. Together, we aim to serve its community better with personalised digital experiences that can scale with the ECB’s evolving technology landscape and the needs of everyone involved in the great game,” said Rohit Gupta, Managing Director UK&I at Cognizant. “This will mean the ECB can make playing and organising cricket more enjoyable and streamlined, and also unlock new and deeper engagement for cricket communities with their services and commercial offerings.”

About England and Wales Cricket Board

The ECB is the national governing body for cricket in England and Wales, responsible for developing and supporting all levels of the game from recreational cricket to the national teams. The ECB’s strategic goal “Inspiring Generations” is to encourage more young people to form a lifelong relationship with the game so that a new generation of fans will say “cricket is the game for me.”

About Cognizant

Cognizant (Nasdaq: CTSH) engineers modern businesses. We help our clients modernize technology, reimagine processes and transform experiences so they can stay ahead in our fast-changing world. Together, we’re improving everyday life. See how at www.cognizant.com or @cognizant.

Advertisement

Logo – https://mma.prnewswire.com/media/1794711/Cognizant_Logo_V1.jpg 

View original content:https://www.prnewswire.co.uk/news-releases/england-and-wales-cricket-board-selects-cognizant-as-official-digital-technology-transformation-partner-to-reimagine-the-recreational-cricket-experience-through-technology-302248993.html

Advertisement

LONDON, Sept. 17, 2024 /PRNewswire/ — There are currently 29,350 individuals worldwide with liquid investable assets of USD 100 million or more, according to the Centi-Millionaire Report 2024 released today by wealth and investment migration advisors Henley & Partners.

This exclusive club has grown globally by 54% over the last decade, with America and China experiencing a centi-millionaire boom, significantly outperforming their European counterparts.

China’s ascent has been the most dramatic, with its centi-population expanding by 108% over the past 10 years — outpacing even the US, whose super-rich ranks swelled by 81% over the same period. In contrast, Europe’s centi-millionaire growth has been anemic, increasing by only 26% over the past decade.

Dr. Juerg Steffen, CEO of Henley & Partners, says the lethargic performance is due to slow growth in major markets such as the UK, Germany, and France. “Pockets of dynamism exist, with smaller European markets such as Monaco, Malta, Montenegro, and Poland seeing their centi-millionaire populations surge by 75% or more. The geography of extreme affluence is shifting. As this elite group continues to grow and migrate, its influence on global economics, politics, and society is likely to be profound and far-reaching.”

America’s dominance hangs in the balance

The report reveals that one-third of the world’s centi-millionaires reside in 50 key cities across the world. The US continues to dominate the centi-city landscape, claiming 1^st, 2^nd, and 3^rd places in the Top 50 Cities for Centi-Millionaires, and boasting a total of 15 metropolises on the elite list.

New York City reigns supreme with 744 resident centi-millionaires, followed closely by the Bay Area with 675, and Los Angeles with 496 super rich residents.

However, as David Young from the US think tank The Conference Board points out, “existing centi-millionaire growth and migration trends will depend largely on the upcoming US presidential elections where we anticipate drastic differences in fiscal, monetary, economic, and social policies. The results may cause a shift from North America being so attractive, as centis turn to countries that provide greater economic and political security”.

Dr. Steffen adds that wealthy Americans have become the firm’s single largest client cohort, with a five-fold increase in investment migration enquiries this year. “We are witnessing a fascinating paradox. On one hand, the US remains the world’s top wealth hub, accounting for over 30% of global liquid investable wealth — a massive USD 67 trillion. Yet, on the other hand, we’re seeing an unprecedented surge in affluent Americans seeking alternative residence and citizenship options.”

Democratic presidential nominee Kamala Harris recently endorsed the tax increases proposed by President Biden in his fiscal year 2025 budget — including a new idea that would require taxpayers with net wealth above USD 100 million to pay a minimum tax on their unrealized capital gains. However, as Director of Tax Services at Henley & Partners, Peter Ferrigno, warns, “any proposal that deviates too far from accepted international tax principles of only taxing realized income would lead to people looking very carefully at the US as a place to invest in. Taxing an unrealized gain on the way up looks great, but the optics of handing billionaires tax refunds in the following year when those unrealized gains reverse, looks terrible. Handled poorly, this can look like a bailout for the rich when their stock prices fall.” 

Advertisement

Asia’s rising influence as Europe falls behind

Four Asian cities and territories are now among the world’s Top 10 centi-millionaire hotspots. Beijing sits in 5^th position worldwide with 347 centis, while Singapore follows closely in 6^th place with 336. Shanghai is in 7^th place with 322 centi-millionaires and Hong Kong ranks 8^th, boasting 320 ultra-wealthy residents.

Both Singapore and Hong Kong are forecast to enjoy exceptionally high centi-millionaire growth rates of over 100% in the next decade and a half (to 2040).

However, London, once considered the financial capital of the world, now ranks just 4^th in the Top 50 Cities for Centi-Millionaires with 370 super-rich residents and a lackluster forecast of less than 50% when it comes to centi growth over the next 16 years (to 2040). Finally. Paris claims the10^th spot on the latest centi-rich city index with 286 ultra-wealthy residents.

Centi city hotspots to watch

Looking ahead to 2040, several Asian and Middle Eastern cities are poised for explosive growth, with Hangzhou, Shenzhen, Taipei, Dubai, and Abu Dhabi projected to see increases of over 150% in their centi-millionaire communities.

Emerging markets are also set to make their mark. Riyadh in Saudi Arabia and Bengaluru in India are both forecast to enjoy growth of over 150% in their centi-populations over the next 16 years.

Read the full Press Release

View original content:https://www.prnewswire.co.uk/news-releases/centi-millionaire-boom-america-and-china-dominate-the-super-rich-club-302245454.html

Advertisement