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Trading Technologies closes on ATEO acquisition

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CHICAGO and PARIS, Feb. 29, 2024 /PRNewswire/ — Trading Technologies International, Inc. (TT), a global capital markets technology platform provider, today announced that it has closed on the acquisition of ATEO SAS, a leading provider of post-trade solutions for listed derivatives, expanding TT’s reach into clearing and other middle-office technologies and services. Terms of the transaction were not disclosed.

ATEO will operate as a global managed service hosted in TT’s data centers. ATEO’s post-trade allocation engine is already fully integrated into the TT order management system (OMS), providing TT OMS clients with seamless access to the functionality.

ATEO’s products include: TEO Derivatives, a global order management system dedicated to pure brokerage environments and used by many of the world’s leading inter-dealer and executing brokers, including the vast majority of brokers in London; the LISA Clearing Engine, a widely adopted trade matching and clearing solution enabling firms to process business across all clearing houses globally and offer tailored services to their customers; and UGO, a set of gateways and standardized clearing application programming interfaces (APIs) providing firms with the ability to develop or feed in-house solutions through scalable trade feed standardization and high throughput for all clearing activities.

David Solo, TT Board member, led the acquisition negotiation on behalf of TT, and Fieldfisher acted as the firm’s legal advisor. NINE58 Advisors served as financial advisor and Dentons as legal advisor to ATEO.

About Trading Technologies

Trading Technologies (www.tradingtechnologies.com) is a Software-as-a-Service (SaaS) technology platform provider to the global capital markets industry. The company’s award-winning TT® platform connects to the world’s major international exchanges and liquidity venues in listed derivatives alongside a growing number of asset classes, including fixed income, foreign exchange (FX) and cryptocurrencies. The TT platform delivers advanced tools for trade execution and order management, market data solutions, analytics, trade surveillance, risk management, clearing, post-trade allocation and infrastructure services to the world’s leading sell-side institutions, buy-side firms and exchanges. The company’s blue-chip client base includes the Tier 1 banks as well as brokers, money managers, hedge funds, proprietary traders, Commodity Trading Advisors (CTAs), commercial hedgers and risk managers. These firms rely on the TT ecosystem to manage their end-to-end trading operations. In addition, exchanges utilize TT’s technology to deliver innovative solutions to their market participants. TT also strategically partners with technology companies to make their complementary offerings available to Trading Technologies’ global client base through the TT ecosystem.

About ATEO

ATEO delivers post-trade solutions for the financial industry, including a global blotter, clearing and matching system, and extensive market connectivity. The world’s leading banks, trading houses and professional traders have been relying on ATEO technology since its creation in 2000. Through years of experience, advanced technology solutions and an unparalleled sense of service, ATEO helps customers achieve efficiencies and grow their business. For more information, please visit www.ateofinance.com.

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CCTV+: Explore the Wizard of Oz in Jiangzhong Pharmaceutical Valley

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BEIJING, Oct. 23, 2024 /PRNewswire/ — This is a report from CCTV+:

Want to cool down in the hot summer? Better to explore the Wizard of Oz in Jiangzhong Pharmaceutical Valley. In this wonderful green garden, you can meet muntjacs and birds. The ancient legend of Shennong tasted herbs is also updated in “the most beautiful Chinese factory”. In this summer, Yijun discovered the Jiangzhong Pharmaceutical Valley in Nanchang, Jiangxi. Let’s worship the Statue of Shennong, enjoy the fragrance of TCM materials, and read the myth of “green wisdom” in Jiangxi!                                                                                                                       

Over the past 20 years of operation, Jiangzhong Pharmaceutical Valley has been adhering to the concept of “natural authenticity and green ecology” in building the factory. In the entire process of promoting green ecology, Jiangzhong Pharmaceutical Valley uses renewable energy sources to significantly reduce energy consumption, which can save 2,200 tons of carbon a year just with this alone. Additionally, Jiangzhong Pharmaceutical Valley has reduced energy consumption in the production process through continuous improvement efforts. This has achieved at least 5 million economic benefits of energy saving and consumption reduction in the past five years.

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SOURCE CCTV+

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“PolyU-YUNJI Technology Hotel Digital Intelligence Joint Innovation Lab” Established in Hong Kong

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HONG KONG, Oct. 23, 2024 /PRNewswire/ — From October 11th to 13th, the “IMPACT2024” global hospitality sector event organized by the School of Hotel and Tourism Management (SHTM) of the Hong Kong Polytechnic University (PolyU) was successfully held at the ICON Hotel in Hong Kong. During the period, the signing ceremony of the “PolyU-YUNJI Technology Hotel Digital Intelligence Joint Innovation Lab” was successfully held at the PolyU.

Beijing Yunji Technology Co., Ltd (“Yunji Technology”) is committed to becoming the world’s leading robot service platform. As of now, it has provided AI + robot services for more than 30,000 hotels, hospitals, projects, and buildings globally. The School of Hotel and Tourism Management of The PolyU SHTM is renowned worldwide. In the academic field of hotel and tourism management, it has consecutively ranked first in the “Tourism and Leisure Management” category of the ShanghaiRanking’s Academic Ranking of World Universities (GRAS) for seven years. In this cooperation, the two sides will combine their advantages to establish an AI and embodied intelligence R&D base with global competitiveness in the industry-university-research-application field.

Professor Wong Kwok-yin, Vice President (EDU) of the PolyU, attended the event and said that the cooperation between the Hong Kong Polytechnic University and Yunji Technology Hotel Digital Intelligence Joint Innovation Laboratory will open up new vitality and opportunities for joint research and teaching activities in scientific research projects.

Zhi Tao, Founder and CEO of Yunji Technology, stated, “AI and robotics are now widely applied in hotels, transforming them into ‘smart entities’ that have served over one billion people. This collaboration will not only promote research and application but also accelerate Hong Kong’s development as a ‘technology hub’ alongside its reputation as a ‘financial center.'”

Yunji Technology has established a Hong Kong branch to advance the construction of a local research and development center. Through deepened cooperation in industry, academia, and application, Yunji Technology aims to develop core AI technologies and a strong brand in robotics from China, using Hong Kong as a gateway to lead globally and apply its innovations in international markets.

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SOURCE YUNJI Technology

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GITEX GLOBAL 2024 | Huawei’s Global Optical Summit: Accelerate F5G-A, Amplify Intelligence

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DUBAI, UAE, Oct. 23, 2024 /PRNewswire/ — During GITEX GLOBAL 2024, Huawei Global Optical Summit was successfully held in Dubai, UAE. Themed “Accelerate F5G-A, Amplify Intelligence”, the summit attracted more than 300 industry experts, customers, and partners from many countries around the world. At the summit, focusing on the “3 In 3 Out” trends, Huawei released a series of F5G Advanced (F5G-A) products for the Middle East, Central Asia, and Africa.

“The Middle East and Central Asia are the pace-setters for digital economy growth across the world.” Said Steven Yi, President of Huawei Middle East and Central Asia Region. “Having engaged in the Middle East and Central Asia for more than 20 years, Huawei has continuously contributed to local economic and social development with its digital infrastructure, including optical networks. In the intelligent era, optical networks are facing new development opportunities. With the advantages of ultra-high bandwidth, high reliability, and green development, optical networks will play a greater role in industrial intelligence in home, campus, industry production network, and sensing fields. Huawei will work with customers and partners to promote the application of optical technologies in the industry and accelerate the digital and intelligent transformation of various industries.”

Bob Chen, President of Huawei Optical Business Product Line, pointed out in his keynote speech that the next decade will be an intelligent one in which the optical industry will face new opportunities of “3 In 3 Out”. For intelligent connectivity, homes and campuses are evolving from gigabit to 10G as optical fibers replace copper cables. This trend has been dubbed “Fiber-in Copper-out”. Moreover, on the industry communications networks of industries like electric power and transportation, SDH is evolving to fgOTN at an increasing pace, which is called “fgOTN-in SDH-out”. For intelligent sensing, in scenarios such as oil and gas pipeline inspection and perimeter inspection, manual onsite operations will be replaced by remote operations. This will require converged sensing such as vision and fiber sensing, which is a trend called “Optical-sensing-in Hard-work-out”.

Focusing on the “3 In 3 Out” trends, Huawei is dedicated to developing innovative products and solutions.

In the ” Fiber-in Copper-out ” campus scenario, Huawei has updated its FTTO 2.0 solution by launching OptiXstar P884E, the industry’s first high-density 10G optical terminal, achieving 25G coverage. Four Huawei OptiXstar series Wi-Fi 7 optical terminals and optical gateways are released for hospitals, hotels, and education networks to develop new standard configuration for digital and intelligent Wi-Fi 7 campuses.

“fgOTN-in SDH-out” scenario, Huawei launched OptiXtrans E6600/9600 — the industry’s first optical transmission product portfolio that offers E2E support for the fgOTN standard, building solid and reliable communications networks for industries such as electric power and transportation.

In terms of “Optical-sensing-in Hard-work-out”, Gavin Gu, President of Huawei’s Enterprise Optical Network Domain, delivered a keynote speech. Gu noted that Huawei has launched the buried optical cable inspection solution to implement proactive warning of cable damage events, achieving an alarm accuracy of 95%, which is industry-leading. This ensures the security of important communications cables for ISPs, carriers, and governments. In addition, Huawei launched the lightweight perimeter inspection solution, which extends the perimeter inspection capability of optical fiber sensing to small-scale campus scenarios such as substations, oil and gas stations, and data centers.

Looking ahead, Huawei will continue to innovate and work with all global customers and partners to seize new “3 In 3 Out” opportunities, and to accelerate industrial intelligence, achieving win-win results in the intelligent era.

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