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NFP Acquires HC Financial, a Wealth and Corporate Benefits Advisory Business

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Acquisition consolidates NFP’s financial planning and employee benefits capabilities, while expanding NFP’s presence into western Ireland

DUBLIN, Nov. 8, 2024 /PRNewswire/ — NFP, an Aon company and a leading international insurance brokerage and consulting firm, today announced its acquisition of HC Financial, a financial planning and corporate employee benefits advisory business based in Galway, Ireland. The HC Financial team will join NFP, with Founder and Director, Gerry Cuddy, moving into a consultant role reporting to Colm Power, managing director, Benefits and Wealth.

“Gerry and his team have built a fantastic, highly regarded advisory business with an extremely loyal client base, and we’re excited they will be part of our future growth,” said Power. “This significant acquisition will help us meet the growing demand for benefits and wealth planning expertise and expand NFP’s physical footprint outside the Dublin market.”

Since 1988, HC Financial has provided clients in western Ireland with investment, pension and savings propositions and established itself as one of the largest advisory firms in Ireland. They’ve built an outstanding reputation with their dedication to clients and continuing investment in employees and technology.

“We’re excited to join NFP, a company that shares our core values of honesty, integrity, transparency and expertise,” said Cuddy. “Today is a great day for our customers and employees and the future of NFP in Ireland as we expand the solutions and expertise available to our clients.”

About NFP

NFP, an Aon company, is an organisation of consultative advisors and problem solvers helping companies and individuals address their most significant risk, workforce, wealth management and retirement challenges. We are more than 7,700 colleagues in the UK, Ireland, US, Puerto Rico and Canada serving a diversity of clients, industries and communities. Our global capabilities, specialised expertise and customised solutions span commercial business insurance, employee benefits, people consultancy, health and safety, and individual financial planning. Together, we put people first, prioritise partnerships and continuously advance a culture we’re proud of. Visit NFP.co.uk to learn more.

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Bybit and Block Scholes Uncover Post-Election Bullish Sentiment: Traders Lean Into Leveraged Longs Amid Stabilized Market

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DUBAI, UAE, Nov. 8, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in partnership with Block Scholes, today released its latest post-election crypto derivatives analytics report. The report dives deep into the market behavior following the conclusion of the 2024 U.S. election, revealing a clear shift towards renewed bullishness and a strong appetite for leveraged long positions.

Market Behavior in Focus

With election uncertainty now behind, the report shows that traders are leaning strongly toward leveraged long positions, especially in perpetuals and futures contracts. Short-term volatility has decreased, and BTC’s price structure has leveled out, suggesting a more stable market. The steady trading activity over the weekend further highlights the ongoing strong interest in crypto assets.

Key Findings:

  • Sharp Decline in Short-Term Volatility: As election uncertainty cleared, short-term implied volatility for both BTC and ETH witnessed a significant drop.
  • Flattening of BTC Term Structure: While the term structure for BTC flattened, ETH’s evolved into a steeper curve, potentially reflecting increased long-term uncertainty surrounding Ethereum.
  • Resurgence of Leveraged Positions: Following a pre-election reduction, leveraged positions have bounced back strongly. Open interest in both perpetuals and futures contracts has climbed, indicating a willingness to embrace risk once again.
  • Record High Positioning: Despite the election risk subsiding, positioning across all markets is near all-time highs, showcasing a keen interest in maintaining leveraged long exposure as BTC reaches new records.
  • Robust Trading Volumes: Trading volumes remained robust throughout the week, even over the weekend, highlighting sustained market activity.
  • Renewed Interest in Directional Bets: Perpetual swap open interest mirrored the trend seen in futures contracts. A decline during pre-election turbulence was followed by a sharp rise as the election outcome became clear, suggesting renewed focus on directional bets to capitalize on positive post-election movement.
  • Increased Options Interest: Despite subdued option trading volumes, open interest for BTC options has surged. This points towards a growing interest in positioning for potential long-term volatility in the aftermath of the election.

Access the Full Report:
Gain deeper insights and explore the potential impacts on your crypto trading strategies by downloading the full report here: https://learn.bybit.com/crypto-insight/bybit-x-block-scholes-crypto-derivatives-analytics-report-nov-6-2024/ 

#Bybit / #TheCryptoArk /#BybitResearch

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media

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Converge Technology Solutions Named Solution Partner of the Year at the 2024 Ingram Micro ONE Innovation Summit

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TORONTO and GATINEAU, QC, Nov. 8, 2024 /PRNewswire/ — Converge Technology Solutions Corp. (“Converge” or “the Company“) (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) is pleased to announce it has been named Solution Partner of the Year for North America by Ingram Micro, a leading technology company for the global information technology ecosystem reaching nearly 90% of the world’s population. Converge’s award was presented as part of the 2024 Ingram Micro ONE Innovation Summit, held from November 6-8, 2024, in Maryland.

The Ingram Micro ONE Innovation Summit awards honor the success of top-performing channel partners who have measurably exhibited an elite ability to drive business growth and positively impact the IT ecosystem with the support of Ingram Micro. This year’s honorees have displayed extraordinary levels of innovation, advocacy, performance, and sales success in 2024.

The Solution Partner of the Year award category recognizes partners for multiple solution categories and those who have leveraged cross-solutions at Ingram Micro to create significant impact and outstanding success in 2024.

“We are proud to recognize Converge’s growing success and strategic engagement with Ingram Micro,” said Jennifer Anaya, Senior Vice President, Global Marketing, Ingram Micro. “This year’s honorees are among the best in the business and continue to lead by example, evolving their services and solutions to best support the needs of their customers now and in the future. Congratulations to all our winners and thank you for playing such an important and growing role in the success of today’s global, regional and local B2B and B2C markets.”

“Converge is thrilled to have been named Ingram Micro’s Solution Partner of the Year for 2024,” stated Greg Berard, Chief Executive Officer of Converge. “We’re proud of our long-standing and strong working relationship with Ingram Micro, having been named Cloud Reseller Partner of the Year in 2020, 2021, and 2022, along with Blue Series Partner of the Year and CORE Partner of the Year in 2021. Our designation as this year’s Solution Partner of the Year is a testament to our growth as a company and our consistent ability to deliver groundbreaking solutions to our customers alongside Ingram Micro. We look forward to even greater success together in 2025.”

About Converge

Converge Technology Solutions Corp. is a services-led, software-enabled, IT & Cloud Solutions provider focused on delivering industry-leading solutions. Converge’s global approach delivers advanced analytics, artificial intelligence (AI), application modernization, cloud platforms, cybersecurity, digital infrastructure, and digital workplace offerings to clients across various industries. The Company supports these solutions with advisory, implementation, and managed services expertise across all major IT vendors in the marketplace. This multi-faceted approach enables Converge to address the unique business and technology requirements for all clients in the public and private sectors. For more information, visit convergetp.com.

For further information contact: Converge Technology Solutions Corp., Email: [email protected], Phone: 416-360-1495

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The Trade Facilitation Commission release their report entitled ENSURING ECONOMIC GROWTH

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Lord Agnew, chairman of the Trade Facilitation Commission (TFC) : “For the UK to thrive, we must streamline and digitise our trade processes, eliminating barriers to growth and strengthening our position as a global trading nation.”

LONDON, Nov. 8, 2024 /PRNewswire/ — At an event held in the House of Lords on 5th November, The Trade Facilitation Commission released their detailed report and announced a series of proposals aimed at boosting the UK’s economic growth by modernising and simplifying customs and border processes. As the government places economic growth at the forefront of its agenda, the TFC urges immediate action on trade facilitation to support UK businesses and increase GDP per capita.

Reflecting on the urgency of these reforms, Shanker Singham, trade expert and co vice Chair of the TFC, noted, “Trade facilitation could unlock an increase of up to £3,500 in GDP per capita per UK household, bringing greater prosperity through more efficient border processes and reduced friction for businesses.” He further emphasised that enhancing the UK’s trade openness could fuel economic growth at a time when the country faces a pressing growth crisis.

Prime Minister’s Economic Growth Mission
During a recent visit to Italy, the Prime Minister underscored the government’s dedication to fostering economic growth by removing impediments to progress and evaluating every decision by its potential to promote growth. This commitment is part of the government’s broader set of objectives, which include strengthening the economy, making Britain a clean energy superpower, and breaking down barriers to opportunity.

The TFC identified four reasons why trade facilitation is urgently needed:

  1. Economic Growth Crisis: The UK, along with other G7 countries, faces an ongoing economic growth challenge since the Global Financial Crisis.
  2. Declining EU Trade: Trade with the EU has decreased due to new trade processes, impacting UK businesses.
  3. Supply Chain Vulnerabilities: COVID-19 disruptions exposed weaknesses in the UK’s understanding of its supply chains.
  4. Increasing Complexity: With new regulations emerging, particularly from the EU, a more streamlined and manageable trade system is critical to future resilience.

Robert Hardy, a leading expert in customs and co vice Chair of the TFC, stressed the importance of simplifying customs processes to help traders navigate this evolving environment: “Customs simplifications, including streamlined declaration procedures, are essential. Reducing administrative burdens and leveraging real-time supply chain data will allow traders to focus on growth instead of red tape.”

Trusted trader programs, which pre-qualify businesses that meet compliance standards for quicker border processing, are pivotal to the TFC’s vision for trade facilitation. Lars Karlsson, a trusted trader authority and TFC Commissioner, commented, “We need to rethink trusted trader schemes in the UK, expanding them to ensure secure, streamlined processes across all government agencies. This will empower compliant traders and allow for faster, smoother border transactions, promoting both economic growth and security.”

The TFC recommends that the UK move toward implementing smart borders and digital trade corridors. This technology-driven approach would allow for automated monitoring, real-time container tracking, and pre-arrival data exchanges, thus minimising border delays and enhancing security.

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Lord Agnew concluded, “Trade facilitation is not a luxury—it’s an essential driver of growth. By embracing digital tools, simplifying customs, and empowering trusted traders, we can transform the UK’s trade landscape and secure a prosperous future for businesses and people alike.”

For media inquiries, please contact: [email protected] 

To access a digital version of the full report: www.facilitation.trade/unlocking-uk-trade-potential 

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