Fintech PR

Ostium Launches Novel Macro Trading Platform Amidst Growth in Global Events-Based Trading

Published

1 month ago

October 18, 2024

Enables Real-Time Trading of Traditional Assets During Historic Event-Driven Market Volatility and Adoption of Prediction Markets

LONDON, Oct. 18, 2024 /PRNewswire/ — Ostium Labs today announced the public mainnet launch of its onchain trading platform, offering traders unprecedented access to global macro markets during a period of global event-driven volatility, marked by speculation around the U.S. Presidential election. Ostium enables perpetuals trading on traditional market currencies, commodities, and indices in real time, markets uniquely affected by events like interest rate changes and geopolitical outcomes.

The trading platform meets the needs of a market grappling with an uncertain U.S. Presidential election, the prospect of escalation in the Middle East, and shifting monetary policies. These dynamics have led to dramatic price movements and dislocations in commodities and currencies, offering unique opportunities for traders chasing volatility. Gold, generally seen as a “flight-to-safety” asset, has skyrocketed past all-time highs as domestic political and economic uncertainty has increased dramatically over the last months. Ostium is the only platform to offer real-time trading across diverse assets including Gold, Copper, and Oil to any user with a crypto wallet.

“Our thesis has long been that this new, more volatile macro paradigm will open up unprecedented opportunities for event-driven trading,” said Kaledora Kiernan-Linn, co-founder and CEO of Ostium Labs. “The success of prediction markets as a forum for traders to express their views on world events is only the tip of the iceberg. Event-driven trading will expand beyond betting on event outcomes to betting on the movements of the most liquid markets in the world – the forex, commodities and global index markets – using event probabilities as critical trading signals.”

“Ostium is perfectly positioned to capitalize on the growing demand for macro event-driven trading,” said Marc Bhargava, Managing Director at General Catalyst. “By enabling one-click trades on traditional assets with only a wallet, Ostium is democratizing access to global markets in a way we haven’t seen before. This isn’t just another crypto play – it’s a gateway for traders to efficiently capitalize on macro news across traditional financial markets, all with the speed and accessibility of decentralized finance.”

Ostium’s novel approach has already captured traders’ attention during its private Mainnet phase since August:

Ostium’s FX and commodities perpetuals volumes surged 550% during the week following China’s new Quantitative Easing policy announcement and rising Middle Eastern tensions (9/27-10/3)
Open Interest on Ostium’s WTI Crude Oil perpetuals hit caps 6x in the 10 days following Iran’s ballistic missile attack on Israel and ensuing fears of a retaliatory strike on Iranian oil fields
Ostium’s Real World Asset (RWA) volumes have outpaced crypto volumes 4x in recent weeks of macroeconomic instability, and 8x on days with heightened macroeconomic instability

“The next evolution of event-based trading isn’t about predicting outcomes in isolation, but understanding and capitalizing on how these events influence the world’s largest and most liquid markets,” Kiernan-Linn added. “We’re building a new trading experience where anyone can trade any strategy on any asset––all with just a wallet.”

Ostium leverages a unique design: a non-custodial, onchain perpetual futures market that disintermediates the centralized liquidity and exposure management characteristic of legacy FX/CFD brokers through the introduction of dynamic funding fees, allowing users to gain exposure to commodities, index and forex markets without the exchange managing the book. This innovative architecture positions Ostium to radically democratize access to macro-driven markets and compete against legacy, centralized FX/CFD brokers for the 80 million and growing monthly-active userbase, and the $50 trillion traditional asset retail trading market.

“A lesser known fact is that perpetuals are in fact quite similar to instruments that have been offered by FX brokers for years – cash-settled, non-expiring, synthetic primitives closely tracking the price of an underlying asset, enabling easy both long and short exposure – traded by over 50 million monthly active forex traders globally,” said Marco Antonio Ribeiro, co-founder and CTO of Ostium Labs. “However, onchain perpetuals are a fundamentally better instrument due to the introduction of funding rates, which incentivize market balance, and the ability to trade self-custodially, improving the adversarial market structure between platform and user. We strongly believe the retail FX trading market will be disrupted in the next 5 years and that it will be done by perps.”

Ostium’s shared liquidity model, unique fee architecture, and custom RWA price oracle facilitate perpetual creation on any asset with a liquid underlying off- or on-chain spot market. This flexible architecture enables rapid listing expansion across asset classes.

With its mainnet launch, Ostium aims to fill a critical gap for narrative-driven trading in the prosumer market. The platform’s ability to offer one-click, large-scale trades on macro events positions it as a leader in an underserved category. As global markets face increasing tumult, Ostium provides a novel platform to navigate and capitalize on these dynamic conditions, setting a new standard for accessible and flexible trading in an event-driven age.

For more information about Ostium and to start trading, visit www.ostium.io.

About Ostium:

Ostium is building Real World Asset perpetuals trading infrastructure to enable the ‘perpification’ of non-digital assets. The protocol leverages an in-house Real World Asset oracle network and pool-based on-chain liquidity engine to facilitate onchain exposure to traditional market assets. With founders and team members previously from Harvard, Bridgewater, and BlackRock, Ostium is backed by leading investors including LocalGlobe, General Catalyst, Susquehanna (SIG), and Alliance DAO.

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View original content:https://www.prnewswire.co.uk/news-releases/ostium-launches-novel-macro-trading-platform-amidst-growth-in-global-events-based-trading-302280187.html

Fintech PR

China’s AIMA brand electric motorbike is now in Bangladesh

Published

8 hours ago

November 23, 2024

CISION (PR Newswire)

DHAKA, Bangladesh, Nov. 23, 2024 /PRNewswire/ — With the popularity of electric vehicles in Bangladesh, the globally renowned AIMA brand has also arrived in Bangladesh. The esteemed DX Group has brought the AIMA F-626 to customers. This environmentally friendly battery-operated electric motorbike has already been approved by the Bangladesh Road Transport Authority (BRTA) now.

In light of the increasing popularity of electric motorcycles in the country, the internationally-leading brand AIMA has entered the market. By the end of 2023, AIMA electric two-wheelers had established a presence in over 50 countries worldwide, with 11 global production bases, including overseas factories in Indonesia and Vietnam. In 2022, AIMA collaborated with Rob Janoff, the designer of the Apple logo, to refresh the brand’s VI system with a youthful and fashionable image. In 2023, AIMA teamed up with PANTONE, the global authority in color expertise, to create the trending color of the year. As an industry leader, AIMA spearheads the electric two-wheeler sector and showcases the prowess of a leading electric two-wheeler brand on a global scale. As of March 31, 2024, AIMA’s total electric two-wheeler sales had reached 80 million units, earning certification from Frost & Sullivan, a globally recognized business growth consulting firm, as the “Global Leading Electric Two-wheeler Brand”.

Over the years, AIMA has always been a product trendsetter in the electric two-wheeler sector. As of March 31, 2024, the total sales volume of AIMA electric two-wheelers reached 80 million, and Frost & Sullivan, a world-renowned market consulting company, awarded AIMA with the market status certification of the “Global Leading Electric Two-wheeler Brand (by Sales)”.

AIMA adhere to the customer-centered product philosophy and technologies that support long-term innovation and breakthroughs. We believe that the efficiency and modern technology of the AIMA F-626 will present an excellent alternative means of communication for our customers.

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View original content:https://www.prnewswire.co.uk/news-releases/chinas-aima-brand-electric-motorbike-is-now-in-bangladesh-302314773.html

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China Telecom Gulf Officially Launches in Saudi Arabia for Business

Published

9 hours ago

November 23, 2024

CISION (PR Newswire)

china-telecom-gulf-officially-launches-in-saudi-arabia-for-business

HONG KONG, Nov. 23, 2024 /PRNewswire/ — On November 21, China Telecom Gulf was officially launched in Riyadh. This milestone marks a significant step in China Telecom’s efforts to provide deep services under the “Belt and Road Initiative” and to promote the building of a “China-Arab Community with a Shared Future.” It signifies another solid advancement on China Telecom’s path toward internationalization. Mr. Liu Guiqing, Executive Director and EVP of China Telecom Corporation, delivered an opening speech, along with Mr. Fawaz, Representative of Contact Office of Chinese Companies in the KSA, Deputy General Manager of Industrial and Commercial Bank of China Riyadh Branch. Over 100 guests and leaders from the Economic and Commercial Office of Embassy of the PRC of the KSA, Saudi Telecom Company (STC), Bank of China, Huawei, and others attended to witness this momentous occasion.

In his address, Mr. Liu Guiqing emphasized China Telecom’s commitment to openness, cooperation, and mutual benefit. He expressed the company’s willingness to share its experiences in cloud-network integration, cloud transformation, intelligent operations, and technological innovation. China Telecom aims to work closely with various levels of Saudi governments, enterprises, and partners to actively participate in the development of local digital infrastructure, drive the rapid advancement of next-generation information technologies, and establish a robust bridge for cooperation between China and Saudi Arabia in the field of information technology. Leveraging its extensive resources and global operational capabilities, China Telecom plans to bring its strengths in 5G, cloud computing, artificial intelligence, and other fields to provide innovative, high-quality communication products and services to Saudi enterprises, institutions, and consumers.

Mr. Fawaz extended his warm congratulations on the opening of China Telecom Gulf. He highlighted that as a leading global provider of communication services, China Telecom possesses abundant cloud-network resources and mature international service capabilities. The establishment of China Telecom Gulf is a significant step toward supporting the digital transformation of businesses in the region. He expressed confidence that through joint efforts, the company will seize opportunities in the digital era and contribute to Saudi Arabia’s socio-economic development and practical cooperation between China and Saudi Arabia in various fields.

China Telecom showcased its global resources, business capabilities, and its investments and partnerships in the Middle East and Africa. Key services introduced included eSurfing Cloud, computing power solutions, quantum technology, and customized 5G networks. Currently, China Telecom operates branches in 42 countries and regions worldwide, owns 53 international submarine cables, and manages 27 self-operated Internet Data Centers (IDCs). Its cloud-network integrated infrastructure and customer-centric digital service systems provide coverage across the globe.

During the event, China Telecom Gulf signed strategic cooperation agreements with Saudi Telecom Company (STC), Huawei Saudi Arabia, and Baud Telecom Company. The parties committed to deep collaboration, leveraging their respective strengths to provide optimized and convenient digital experiences to Saudi customers.

The establishment of China Telecom’s presence in Saudi Arabia marks a major milestone in the company’s entry into the Middle Eastern communications market, representing a key development in its global strategy. Moving forward, China Telecom Gulf will leverage China Telecom’s robust digital infrastructure and resource integration capabilities. We will collaborate closely with local Saudi enterprises, Chinese businesses expanding internationally, and global companies to strengthen cooperation and enhance exchanges. The company aims to contribute to the growth of Sino-Saudi and Middle Eastern industrial cooperation, continuously offering more smart solutions for the development of the Middle East’s digital economy, while striving to become a world-class provider of digital and intelligent technology services.

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View original content:https://www.prnewswire.co.uk/news-releases/china-telecom-gulf-officially-launches-in-saudi-arabia-for-business-302314765.html

Fintech PR

Redefining Financial Frontiers: Nucleus Software Celebrates 30 Years with Synapse 2024 in Singapore

Published

24 hours ago

November 23, 2024

CISION (PR Newswire)

redefining-financial-frontiers:-nucleus-software-celebrates-30-years-with-synapse-2024-in-singapore

SINGAPORE, Nov. 23, 2024 /PRNewswire/ — The thriving India–Singapore partnership in banking and technology reached a new milestone as Nucleus Software celebrated 30 years of transformative innovation at Synapse 2024, held in Singapore. The event underscored the company’s role in redefining financial services across Southeast Asia (SEA) and the globe, bringing together leaders in finance and technology to explore a shared vision for the future of banking.

Synapse 2024 celebrated 30 years of Nucleus Software’s leadership in driving transformative change across Singapore and Southeast Asia’s financial ecosystem. The event also shone a spotlight on the Global Finance & Technology Network (GFTN), an initiative supported by the Monetary Authority of Singapore (MAS) to champion responsible technology adoption. The event highlighted the deepening synergies between India and Singapore, driven by their shared commitment to innovation, cross-border collaboration, and financial inclusion. As the financial services sector undergoes rapid evolution with advancements in artificial intelligence, blockchain, and digital banking, these partnerships are setting the stage for a more connected, resilient, and inclusive global ecosystem.

Vishnu R. Dusad, Co-founder and Managing Director of Nucleus Software, reflected on the milestone: “For over 30 years, we’ve had the privilege of aligning our journey with Singapore’s ascent as a global financial powerhouse. Back in 1994, when we chose to go East instead of West, it was a bold and emotional decision—guided by our belief in Singapore as a hub for innovation and collaboration. We saw then what remains true today: Singapore is at the heart of the global financial landscape, a place where new ideas take root, and partnerships thrive.”

The event brought together a distinguished array of participants, highlighting the transformative potential of India–Singapore collaboration. Mr. Piyush Gupta, CEO of DBS Group and the Guest of Honor, set the tone for the event with his opening remarks, emphasizing the transformative role of big tech in reimagining scalable, customer-centric financial services in the digital age.

Following his address, key speakers enriched the discussions with their insights. Mr. Sopnendu Mohanty, Chief Fintech Officer at the Monetary Authority of Singapore and Group CEO-Designate of The Global Finance & Technology Network (GFTN), underlined the importance of fostering responsible technology adoption and building inclusive financial ecosystems. Mr. Vinod Rai, globally respected public policy expert, Distinguished Visiting Research Fellow at the National University of Singapore, and former Comptroller and Auditor General of India, shared his perspectives on governance and policy frameworks in financial systems. Mr. S.M. Acharya, Chairman of Nucleus Software and former Defence Secretary of India, offered a visionary outlook on leveraging technology to modernize and secure banking frameworks. Finally, Mr. Pieter Franken, Co-founder and Director of GFTN (Japan), a global FinTech pioneer and deep tech innovator, discussed the future of decentralized finance and its implications for the financial sector.

The event showcased the transformative role of technology in global financial systems, emphasizing innovations that set benchmarks for scalability and inclusivity. Panelists discussed the importance of localized solutions, the challenges of cross-border integration, and leveraging dual business models to optimize capital and foster public participation. The dialogue highlighted the need for common standards, unified frameworks like APIs, and collaborative efforts to accelerate financial inclusion and drive global connectivity in the digital age.

For 30 years, Nucleus Software has consistently introduced advanced lending and banking solutions that support financial institutions’ evolving needs in Singapore and South East Asia. Driven by lean development methodologies like Acceptance Test-Driven Development (ATDD) and Continuous Integration/Continuous Delivery (CICD), Nucleus Software continues to push boundaries in efficient, flexible, and secure financial technology.

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