Market liquidity

SmartStream Introduce a New Artificial Intelligence Module to Capture Missed Payments and Receipts

Retrieved on: 
Monday, October 28, 2019
Networks, Finance, Professional services, Technology, Software, Economy, Money, Finance, Banking, Financial markets, Financial management, Market liquidity, Liquidity risk, Cash management, Margin at risk

Technology that meets the market demand for forecasting liquidity has been the backbone of SmartStreams intraday liquidity management solution.

Key Points: 
  • Technology that meets the market demand for forecasting liquidity has been the backbone of SmartStreams intraday liquidity management solution.
  • SmartStream has been working on a proof of concept with its clients for profiling and predicted intraday settlement activity, which includes missed payments and receipts identification planned for settlement within current date.
  • Cash management teams will gain greater visibility into the payment process and manage liquidity risk more efficiently, minimising the potential of payments being missed.
  • Nadeem Shamim, Head of Cash & Liquidity Management, SmartStream, says: Things are going to get tighter in terms of managing liquidity.

Black Diamond Group Announces New $200 Million Asset-Based Credit Facility

Retrieved on: 
Monday, October 28, 2019
Credit, Market liquidity, Revolving credit

CALGARY, Alberta, Oct. 28, 2019 (GLOBE NEWSWIRE) -- Black Diamond Group Limited (Black Diamond or the Company) (TSX: BDI) announced today that the Company has agreed to terms with respect to a four-year secured asset-based revolving credit facility (Facility).

Key Points: 
  • CALGARY, Alberta, Oct. 28, 2019 (GLOBE NEWSWIRE) -- Black Diamond Group Limited (Black Diamond or the Company) (TSX: BDI) announced today that the Company has agreed to terms with respect to a four-year secured asset-based revolving credit facility (Facility).
  • The Facility will replace the Companys current debt which, as at June 30, 2019 consisted of $44 million of privately placed Senior Secured Notes and a $100 million credit facility, of which $50 million was drawn.
  • The borrowing base at close will be $172 million, representing available liquidity or excess capacity under the Facility at approximately $80 million.
  • The new Facility will allow Black Diamond to consider organic growth projects as well as small tuck-in acquisitions, commented Trevor Haynes, Black Diamonds CEO.

Seaborn Networks and Anova Financial Networks Partner to Provide the Fastest Path to Trade Between Chicago, USA and São Paulo, Brazil

Retrieved on: 
Thursday, October 24, 2019
Financial markets, Seaborn Networks, Seaborn, Low latency, Latency, Market liquidity, Analysis of variance, Assumption, Knowledge

This partnership will enable ULL trading routes specifically for the financial vertical between the trading exchanges of Chicago and So Paulo.

Key Points: 
  • This partnership will enable ULL trading routes specifically for the financial vertical between the trading exchanges of Chicago and So Paulo.
  • Customers will have the ability to contract either through Seaborn or Anova to receive the full benefit of this combined So Paulo, Brazil to Chicago, USA ultra-low latency route.
  • Our collaboration with Seaborn is a continuation of our mission to optimize the transport between the financial liquidity centers, said Michael Persico , CEO and Founder of Anova Financial Networks.
  • Seaborn Networks is a leading developer-owner-operator of transoceanic submarine fiber optic cable systems, including Seabras-1 between So Paulo and New York.

First Bank Announces Share Repurchase Program

Retrieved on: 
Wednesday, October 23, 2019
Finance, Money, Stock market, Economy, Equity securities, Corporate finance, Financial markets, Share repurchase, Repurchase agreement, Stock, Share, Market liquidity

Currently First Bank has approximately 20.5 million shares of common stock issued and outstanding.

Key Points: 
  • Currently First Bank has approximately 20.5 million shares of common stock issued and outstanding.
  • The shares authorized for repurchase under the new program represent approximately 4.9% of First Banks outstanding shares.
  • The timing, price and volume of the share repurchases will be determined by First Bank management based on relevant securities laws, its evaluation of market conditions and other relevant factors.
  • The share repurchase program does not require the Bank to repurchase any specific number of shares and may be suspended, terminated or modified at any time by the Bank for any reason, including market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, liquidity, and other factors deemed by management to be appropriate.

Abacus Health Products Successfully Obtains DTC Eligibility for its Subordinate Voting Shares

Retrieved on: 
Wednesday, October 23, 2019
Retail, Health, Other Consumer, Consumer, Specialty, Pharmaceutical, Biotechnology, Finance, Money, Economy, Stock market, Financial markets, Equity securities, OTC Markets Group, Market liquidity, Share

DTC Eligibility makes Abacus subordinate voting shares accessible to a wider pool of investors in the United States, which is expected to result in higher trading volumes of the Companys shares.

Key Points: 
  • DTC Eligibility makes Abacus subordinate voting shares accessible to a wider pool of investors in the United States, which is expected to result in higher trading volumes of the Companys shares.
  • "Obtaining DTC Eligibility is an important milestone for Abacus, said Perry Antelman, CEO of Abacus.
  • Following the announcement that our subordinate voting shares began trading on the OTCQX Market we look forward to the additional benefit that DTC Eligibility offers investors by providing a more efficient way to purchase our shares in the United States."
  • The forward-looking statements contained in this news release include, without limitation, statements relating to the impact of DTC eligibility for Abacus subordinate voting shares, including access to additional investors and enhanced liquidity.

Grow Capital, Inc Moves To OTCQB Venture Markets

Retrieved on: 
Wednesday, October 23, 2019
Finance, Money, Economy, Financial markets, Stock market, OTC Markets Group, Over-the-counter, Market liquidity, Security, Pink sheet

Historically, this has resulted in improved liquidity and awareness for companies that ascend to the OTCQB tier.

Key Points: 
  • Historically, this has resulted in improved liquidity and awareness for companies that ascend to the OTCQB tier.
  • "The board and I are committed to professionalism and transparency and honored to officially be traded on OTCQB."
  • OTC Markets Group is an American financial market providing price and liquidity information for almost 10,000 over-the-counter securities.
  • "Moving from Pink Sheets to QB Venture Markets is a step in a long-term plan for GRWC," said Board Chairman James Olson.

CVEX, First-of-its-Kind Market for Pre-IPO Stock, Exits Stealth Mode

Retrieved on: 
Tuesday, October 22, 2019
Professional services, Data management, Technology, Other Technology, Finance, Software, Financial markets, Capitalism, Stock market, Market liquidity, Share trading

CVEX , the first automated stock market for private companies, has exited stealth mode in preparation for its upcoming invite-only beta launch.

Key Points: 
  • CVEX , the first automated stock market for private companies, has exited stealth mode in preparation for its upcoming invite-only beta launch.
  • Other private market platforms are still driven by largely manual processes, said Craig Aumann, co-founder and CEO of CVEX.
  • They rely on brokers to solicit the sale and purchase of secondary shares and are sometimes augmented by online bulletin boards.
  • Our fully automated exchange approach modernizes how secondary private company equities are traded to ultimately deliver liquidity better, faster and cheaper than existing models.

WOOTRADE Dark Pool Solves Liquidity Pain Points within Crypto Ecosystem

Retrieved on: 
Thursday, October 17, 2019
Financial markets, Economy, Finance, Money, Market liquidity, Dark pool, Market maker, Liquidity risk

Once the liquidity problem is solved, the whole digital asset ecosystem, especially exchanges, can progress rapidly.

Key Points: 
  • Once the liquidity problem is solved, the whole digital asset ecosystem, especially exchanges, can progress rapidly.
  • Simply put, we can think of a dark pool as a trading platform made from a huge order book with high liquidity.
  • WOOTRADE, incubated by Kronos Research quantitative fund, focuses on providing a liquidity service, or more so a market depth service.
  • Kronos's high transaction volume and flow also acts as one of WOOTRADE dark pool's liquidity provider.

KoreConX Launches KoreNodes in 23 Countries

Retrieved on: 
Tuesday, October 15, 2019
Financial markets, Secondary market, Market liquidity

NEW YORK, Oct. 15, 2019 /PRNewswire/ -- KoreConX is excited to announce the launch of KoreNodes in twenty-three countries and five major regions around the world.

Key Points: 
  • NEW YORK, Oct. 15, 2019 /PRNewswire/ -- KoreConX is excited to announce the launch of KoreNodes in twenty-three countries and five major regions around the world.
  • Finally, KoreNodes get first priority in connecting with issuers as well as enjoy special mention on all KoreConX websites.
  • KoreConX connects companies to the capital markets and secondary markets facilitating access to capital and liquidity for private investors.
  • KoreConX is the first secure, all-in-one platform for private companies to manage their capital market activity and stakeholder communications.

B2Digital (OTC: BTDG) Files Form 8-A Registration Statement and Becomes Fully Reporting SEC Issuer

Retrieved on: 
Tuesday, October 15, 2019
SEC filings, Form 10-K, Form 8-K, Securities Exchange Act, Market liquidity, Federal government of the United States, Financial economics

As a result, the Company is now subject to the reporting requirements of the Exchange Act of 1934, as amended, including Form 10-K, Form 10-Q and Form 8-K reporting requirements, as well as additional reporting obligations related to proxies, shareholder actions and stock ownership.

Key Points: 
  • As a result, the Company is now subject to the reporting requirements of the Exchange Act of 1934, as amended, including Form 10-K, Form 10-Q and Form 8-K reporting requirements, as well as additional reporting obligations related to proxies, shareholder actions and stock ownership.
  • Further, Mr. Bell stated, Being a fully-reporting company with the SEC should also help contribute to increased liquidity for our current and future shareholders and will enhance managements accountability.
  • With extensive background in entertainment, television, video and technology, B2Digital (OTC: BTDG) is now forging ahead and becoming a full-service LIVE Event Sports Company.
  • B2Digital owns all rights for TV, internet, social media, media, merchandising and trademarks and branding for the B2Digital companies.