Fintech PR
Ostium Launches Novel Macro Trading Platform Amidst Growth in Global Events-Based Trading
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
LONDON, Oct. 18, 2024 /PRNewswire/ — GBS Malta, a proud member of Global Education (GEDU), has launched a cutting-edge campus in the vibrant heart of San Ġiljan, marking a new era for student learning and campus life in Malta.
Maltese Minister for Education, Youth, Research and Innovation, the Hon. Dr Clifton Grima MP said:
“As a country, we (Government and Opposition) might argue over many things, but there are certain instances where we come together, because we know and understand that when there is unity, there is stability, and when there is stability, there is potential.”
Maltese Shadow Minister for Education and Trades, the Hon. Justin Schembri MP said:
“The establishment of this campus is a testament to GBS’ commitment to providing accessible, high-quality education that equips students with the knowledge and skills they need to thrive in today’s competitive market.”
GEDU Deputy CEO, Professor Ray Lloyd said this is a significant step forward.
“Our mission is to change lives through education and provide students with the tools, resources, and opportunities they need to succeed in an ever-changing world,” said Professor Lloyd.
“This new campus is a significant investment and as we continue to grow, GBS Malta will play a key role in our global strategy, creating a vibrant learning environment that empowers students to achieve their full potential and drive positive change in their communities.
“This investment has already boosted the local economy through the creation of skilled jobs, and it will boost the Maltese economy for years to come through continued job creation and more students spending money in local businesses.”
Director of Operations for GBS Malta, Allen Lofaro said the new campus is a game-changer for the organisation.
“At GBS Malta, we prioritise our students’ success by providing world-class facilities and resources to help them thrive academically and personally,” said Mr Lofaro.
“This new campus offers fully equipped ‘Smart Classrooms,’ a modern library, computer lab, and vibrant social spaces, ensuring our students have the best possible environment for both learning and leisure.
“We are excited to open this incredible space and continue our mission of changing lives through education.”
The campus is in the centre of St Julian’s, next to the North & South bus terminals for easy access.
We invite prospective students and partners to explore the new GBS Malta campus and discover how we’re reshaping the future of education in Malta.
Visit us in St. Julian’s or learn more here.
About GEDU: The Group offers a range of educational opportunities, including the full range of higher education qualifications, apprenticeships, and language schools. It has operations in 12 countries, including the USA, Canada, United Kingdom, Ireland, Germany, France, Spain, Malta, UAE, India, Saudi Arabia, and Australia. Its portfolio covers a wide range of subject areas and is characterised by a keen focus on both employability and student experience to maximise return on investment for students.
About GBS Malta: GBS is a higher education provider offering a range of sector-relevant courses across campuses in the UK, Malta and the United Arab Emirates. Working in partnership with several leading higher education providers, we deliver undergraduate and postgraduate programmes in banking, finance, accounting, business, healthcare – and more.
GBS HE Malta is a licenced Higher Education institution. Our licence has been approved by our regulator, Malta Further & Higher Education Authority (MFHEA) who is an independent, transparent, and international authority. Our courses are in line with the Malta Qualifications Framework and the European Qualification Framework.
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View original content:https://www.prnewswire.co.uk/news-releases/gbs-malta-launches-groundbreaking-new-campus-302280656.html
Fintech PR
Deepening International Friendship and Cooperation! The 6th China-CEEC Local Leaders’ Meeting Held in Yantai
YANTAI, China, Oct. 18, 2024 /PRNewswire/ — According to Shandian News reports:
On October 16th, the 6th China-CEEC Local Leaders’ Meeting was held in Yantai, Shandong. The four forums held during the event have built a new platform for local cooperation between China and Central and Eastern European countries.
The meeting featured two main forums, the Green and Low-Carbon Forum for Local Cooperation and Development and the High-Level Academician Forum for Local Agricultural Cooperation, and two parallel forums, the Industry-Education Integrated Development Forum and the Business Cooperation Development Forum. During the High-Level Academician Forum for Local Agricultural Cooperation, the China-CEEC Modern Agricultural Science and Education Innovation Alliance was established. Sixty-four scientific and educational institutions from China and CEEC will collaborate on high-quality education, technology, talent, and enterprise resources in the field of modern agriculture. The alliance aims to serve as a new platform for exchanges and cooperation, enhancing the cultivation of talents in modern agriculture.
Georgios Papadakis, Academician of the European Academy of Sciences and Professor of Shandong Agricultural University
Some very nice mushroom products that you produce in China. And this is really unique, for example, to be exported in other countries and also transfer the technology of producing probably these products in Central European countries. So there are really great opportunities for commerce, for increasing commerce between China and the Central European countries.
During the meeting, strengthening sister-province cooperation was also a highlight. Shandong and Vojvodina Province of Serbia officially signed an agreement on friendly cooperative relationship. The event also had four exhibitions, including the Photography Exhibition of Central and Eastern European Countries and the Exhibition of Traditional Chinese Medicine, to showcase the customs and traditions of CEEC and promote Shandong’s local culture and products. In the Qilu traditional medicine exhibition area, the pulse diagnosis and acupoint pressing experience area attracted many guests.
Todor Kushevski, Assistant to the Mayor of Kocani, North Macedonia
Definitely the medicine and traditional stuffs are very interesting. It’s not unusual for our country. However, it is very nice to see such things, but also these technologies which we have opportunity also to see during the forum. It’s very interesting.
Video – https://mma.prnewswire.com/media/2534522/175_1729243804.mp4
View original content:https://www.prnewswire.com/news-releases/deepening-international-friendship-and-cooperation-the-6th-china-ceec-local-leaders-meeting-held-in-yantai-302280566.html
DUBAI, UAE, Oct. 18, 2024 /PRNewswire/ — During GITEX GLOBAL 2024, Huawei signed a strategic cooperation agreement with Alinma Bank to accelerate the digital transformation in the financial industry.
Alinma Bank, a Saudi Arabian epicenter for dynamic, innovative, Shariah-compliant banking and financial services, has partnered with Huawei for several years. This new agreement marks a major step forward in their cooperation.
Jason Cao, CEO of Digital Finance BU, Huawei, emphasized the robust relationship between Huawei and Alinma Bank. He said, “Alinma Bank is a leading bank in the Middle East with a great vision. Huawei looks forward to expanding the partnership to support Alinma Bank’s digital transformation success with our technology, solutions and global experiences.”
Trevor Liu, CEO of Huawei Saudi Rep. Office, underlined, “Huawei Saudi Office will go all out to support Alinma Bank with our best expertise in the team. We expect to gain a deeper understanding of the needs of Alinma Bank and provide the most suitable solutions and services to accelerate the digital transformation of Alinma Bank.”
Yasser Aloufi, Chief Information Officer of Alinma Bank, said, “Huawei is our strategic partner. Since the cooperation started several years ago in IT infrastructure, we have been very satisfied with Huawei’s performance. We are looking forward to deepening the cooperation with Huawei, which could expand from infrastructure to cloud solutions, and further evolve into a digital transformation partnership.”
Huawei leverages leading innovative technologies and draws on its extensive expertise to help customers succeed through open collaboration with financial institutions and ecosystem partners, always looking for new ways to create value for our customers. By the end of September 2024, Huawei had served over 3,700 financial customers in more than 80 countries and regions, including 53 of the world’s top 100 banks. Huawei had also established strategic partnerships with more than 80 large banks, insurers, and securities companies across the globe, becoming their trusted partner in digital transformation.
For more details, please visit: https://e.huawei.com/en/industries/finance
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View original content:https://www.prnewswire.co.uk/news-releases/huawei-and-alinma-bank-establish-strategic-partnership-at-gitex-global-2024-302280540.html
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