News Hub | News Direct

Technology

Artificial Intelligence Big Data Cloud Computing Cyber Security Data Management Electronics Enterprise & Network Technology Financial Technology Hardware Mobile & Wireless Nanotechnology Semiconductor Software Telecommunications
Article thumbnail News Release

COMCAST TO DELIVER MULTI-GIG SYMMETRICAL SPEEDS TO CUSTOMERS OVER EXISTING CONNECTIONS IN WORLD-FIRST DOCSIS 4.0 DEPLOYMENT

Comcast Colorado

Comcast announced that next week it will begin to introduce the first residential customers in the world to next-generation Internet powered by DOCSIS 4.0 technology. The latest version of DOCSIS technology is a giant leap forward in Internet connectivity that can deliver multi-gigabit symmetrical speeds to customers over the connections that already exist in tens of millions of homes in Comcast markets across the country. As a part of the launch, Comcast will introduce a new portfolio of symmetrical products for residential customers. Comcast will begin rolling out DOCSIS 4.0 to select neighborhoods in Colorado Springs, CO, and will launch new markets throughout the country over the next few years. Select areas of Atlanta, GA and Philadelphia, PA are expected to begin rolling out before the end of this year. “The ubiquity of our network, which is already accessible to tens of millions of homes, provides us with an incredible opportunity to bring multi-gigabit upload and download speeds to communities across the country with the scale and efficiency that no other provider can replicate,” said Dave Watson, President & CEO, Comcast Cable. “Our connectivity experience, powered by the Xfinity 10G Network, will allow us to deliver speeds up to 10 Gbps over our traditional network to virtually all our customers, plus even better reliability, lower latency, and the best in-home WiFi coverage. We’re entering the next phase of this industry leadership with DOCSIS 4.0 technology to introduce X-Class Internet products that will revolutionize the way our customers get online today and many years into the future.” Introducing X-Class Internet Symmetrical 10 Gbps service based on fiber-to-the-home technology is already available in all of Comcast’s markets, and as part of its continued network evolution and the introduction of DOCSIS 4.0, multi-gig symmetrical speeds are rolling out. New and existing residential customers connected via DOCSIS 4.0 will have access to Comcast’s newly introduced next-generation X-Class Internet portfolio. X-Class speed tiers include X-300 Mbps, X-500 Mbps, X-1 Gbps and X-2 Gbps upload and download speeds and low lag for the ultimate live sports streaming experience on Peacock, smooth connections on work calls, and ultra-responsive gaming​. “The enhancements that we have been making to our network over the past few years have been foundational to creating an award-winning network architecture that is fully virtualized and capable of delivering these exciting capabilities to our customers,” said Elad Nafshi, Chief Network Officer, Comcast Cable. “This is an awesome achievement and I’m incredibly proud of the team of brilliant technologists here at Comcast who have worked relentlessly to make DOCSIS 4.0 a reality ahead of schedule.” Full Duplex DOCSIS Comcast’s path to DOCSIS 4.0 leverages breakthrough network technology known as “Full Duplex” that utilizes the same network spectrum to dramatically increase upstream speeds without sacrificing downstream speeds. Comcast 10G Innovation The DOCSIS 4.0 launch is the latest in a long line of world firsts that Comcast has spearheaded in the effort to implement DOCSIS 4.0. In April 2021, Comcast conducted the first-ever live test of full duplex DOCSIS and later that year tested the world’s first 10G connection all the way from the network to a modem. In 2022, Comcast conducted a world-first live trial and connected a business location in the Philadelphia region to its live network including a DOCSIS 4.0-enabled 10G node and multiple cable modems. In February 2023, the company marked another major milestone in the nation’s largest and fastest multi-gig deployment by announcing its latest Xfinity 10G Network upgrade launched to 10 million homes and businesses. In addition to Comcast’s efforts to deploy DOCSIS 4.0 and other 10G upgrades across its footprint, the company continually invests in delivering a superior connectivity experience that is not only fast but is also reliable with less lag. Award Winning Tech – Comcast has lead the industry in deploying technologies within its network to enhance speed, reliability and latency like distributed access architecture (DAA) and a vCMTS, which earned an Emmy® Award for Technology and Engineering. Smart Network – Comcast-developed technology like Comcast Octave and Xfinity Fiber Meter (XMF), enables optimized network performance by proactively identifying and even repairing network impairments that impact customers’ services. Storm-Ready WiFi – In August 2023, Comcast introduced Storm-Ready WiFi, the first product of its kind offered by an Internet provider designed to maintain a connection during a power or local outage. Low Latency – Deployed Active Queue Management (AQM) system nationally and currently trialing the latest CableLabs low latency DOCSIS (LLD) specification. DOCSIS Technology Data Over Cable Service Interface Specification (DOCSIS) was first introduced in 1997 as a solution for high-speed data to be transmitted over existing cable wires, replacing dial-up phone lines for an Internet connection. Comcast has been a leader in deploying DOCSIS updates to deliver faster speeds to all the homes and businesses in its service areas. In early 2016, Comcast was the first to introduce DOCSIS 3.1-powered Gigabit Internet service and rapidly expanded Gigabit speeds across the country to more locations than any other provider. Xfinity customers in Colorado Springs will be able to sign up online for the new DOCSIS 4.0-powered Internet plans. ### About Comcast Corporation Comcast is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences. Visit www.comcastcorporation.com for more information. Contact Details Leslie Oliver +1 303-810-6326 leslie_oliver@comcast.com Company Website https://colorado.comcast.com/

October 12, 2023 08:00 AM Mountain Daylight Time

Article thumbnail News Release

Binance (BNB) Price Prediction: Everlodge (ELDG) Leads The Market Bull Run, TRON (TRX) Shows Revival

Total Media

If you want to achieve your financial objectives through crypto investments, investing in Everlodge will be highly fruitful. This new project’s presale has provided investors with a perfect growth opportunity. Therefore, experts and investors alike prefer it over long-standing cryptocurrencies like Binance (BNB) and TRON (TRX). Join the Everlodge presale and win a luxury holiday to the Maldives Binance’s (BNB) US Trade Volume Drops By 99% Binance (BNB) has witnessed a massive erosion in its market share in the United States. As per the latest data from Kaiko, the trade volume of Binance’s US arm has plunged by 99% since March. Moreover, many US customers of Binance are still aggressively withdrawing from the exchange. Hence, the market value of Binance has taken a hit. Binance’s price has dipped by 3% in the past month. Thus, the current trading price of Binance has plummeted to $210.72. According to experts, the ongoing SEC lawsuit, and growing FUD around the exchange have crippled Binance. Subsequently, as per some market predictions, Binance can close the year within the $190-$225 price range. TRON (TRX) Attracts New Users To Its Blockchain Decoupling with the market, TRON (TRX) has been able to move upward in recent weeks. The price of TRON has increased by over 9% in the past month. Consequently, TRON’s current market value stands at $0.084. One of the major reasons why TRON has been rising is its ability to attract new users. The latest on-chain data reveals that the number of addresses on the TRON network has surpassed 185 million. Besides, TRON has also become the second-highest blockchain network in terms of total value locked (TVL). At press time, TRON’s TVL is over $15.6 billion. Everlodge (ELDG) Presale Solidifies Its Market Position The data from Coherent Market Insights’ report suggest that the market size of vacation rentals can surge to $116.7 billion by 2030. Everlodge is shaking up the hospitality industry with its new Web3 platform. The platform will let users invest in luxury hotels, and vacation homes starting from as little as $100. It is the first blockchain platform to combine NFTs, and the holiday stays sector. The platform will mint non-fungible tokens for luxury villas, hotels, and vacation stays. Besides, the tokens will be fractionalized to allow small investors to invest. Moreover, the NFTs will increase in value because they will have the backing of real-world properties. The native cryptocurrency of the platform's ecosystem is ELDG. Additionally, token holders will get discounts on transaction fees, staking rewards, and holiday giveaways. Moreover, they will get access to the rewards club. If you join the rewards club, you will earn complimentary stays at luxury properties. The token presale round is in its 3rd stage, and has skyrocketed in value. The ELDG token price has gone from a low of $0.01 to a high of 0.018 in a few weeks. The platform adopts a dynamic pricing model. Hence, in the next stage, the price of the token will increase to $0.19. Analysts predict that the project’s value will increase by at least 280% during the presale phase, and by 3000% once it is launched. Find out more about the Everlodge (ELDG) Presale Website: https://www.everlodge.io/ Telegram: https://t.me/everlodge Contact Details Everlodge PR pr@everlodge.io

October 12, 2023 09:10 AM Eastern Daylight Time

Article thumbnail News Release

XRP, Dogecoin, and Tradecurve Markets Could Change Your Life in the Next Bull Run – Don’t Miss Out

Total Media

In the fast-paced world of crypto, the key to making it is identifying promising tokens. As the crypto community eagerly anticipates the next bull run, three assets have emerged as potential life-changers: XRP (XRP), Dogecoin (DOGE), and Tradecurve Markets (TCRV). With this list backed by experts, it suggests their massive potential. >>Register For The Tradecurve Presale<< What is XRP? XRP is the digital currency powering the Ripple network, a cross-border payment protocol. Its competitive advantages include lightning-fast transaction speeds, scalability, and low fees. Moreover, XRP is a serious contender in the crypto scene, ranking as a top 5 cryptocurrency by market capitalization. Recent developments in XRP’s ecosystem position it for significant growth in the next bull run. These include partnerships with major financial institutions and payment companies, making it a compelling investment to position in. Furthermore, its successive victories in the ongoing legal battle against the US Securities and Exchange Commission (SEC) make it a major contender for explosive growth. Hence, for a life-changing opportunity, XRP represents a promising option. Is Dogecoin Deserving of the Hype? Dogecoin deserves all the hype it is currently receiving. As the first memecoin, it is the leading and most dominant token within the meme ecosystem. Also, Dogecoin is a top crypto in the broader market, ranking as a top 10 token. While it was once dismissed as a mere internet meme, it has evolved into a serious player in the crypto market. Moreover, as the leading meme token, Dogecoin is expected to be at the forefront of the next meme craze. Further, its strong and active community is only rivaled by a few. This will play a pivotal role in its surge in both the next memecoin frenzy and the bull run. Therefore, Dogecoin is well deserving of the hype it is witnessing, and it represents a life-changing crypto opportunity. >>Register For The Tradecurve Presale<< Tradecurve Markets: Explosive Growth Potential While XRP and Dogecoin have captured the attention of the crypto community as well-established cryptos, Tradecurve Markets (TCRV) is savvy investors’ wild card. As a project in its ICO phase but built on solid fundamentals, it has immense room for growth. According to industry experts, it will likely increase by 50x before the end of the year, minting crypto millionaires in the process. Its unique approach to trading is poised to take the trading world by storm. This novel concept revolves around the combination of the best features of centralized (CEX) and decentralized (DEX) exchanges. Therefore, it will be a hybrid trading platform offering the best of both worlds. That isn’t all; it will also be an all-in-one trading platform where cryptocurrencies as well as financial instruments can be traded. These include forex, commodities, stocks, etc. In addition, users will be able to trade thousands of assets from a single account while enjoying complete anonymity. Other competitive edges include zero commission, tight spreads, and high leverage. With its presale ongoing, the raise of over $6.6 million indicates a high level of confidence among investors. This also hints at the potential for substantial returns in the upcoming bull run, coupled with its imminent adoption. At its current presale stage, it is priced at $0.03 per token, a low entry point for staggering returns. For more information about the Tradecurve Markets (TCRV) presale: Website: https://tradecurvemarkets.com/ Buy presale: https://tradecurvemarkets.com/ sign-up Twitter: https://twitter.com/Tradecurveapp Contact Details Tradecurve Markets Media Team media@tradecurvemarkets.com

October 12, 2023 09:00 AM Eastern Daylight Time

Article thumbnail News Release

NAVEX 2023 Regional Whistleblowing Hotline Benchmark Report Reveals Rise in Reports Across All Regions

NAVEX Global

NAVEX, the leader in integrated risk and compliance management software, today announced the publication of its 2023 Regional Whistleblowing Hotline Benchmark Report. Utilising over 1.5 million anonymised customer reports received in 2022, and with a focus on four geographic regions, NAVEX provides this annual analysis to help risk and compliance practitioners understand and benchmark their program performance against regional peers. This year, key findings include a boost in the volume of reports across all regions but with growing caution from reporters - as evidenced by an increase in anonymous reports. The study also highlights a reduction in health and safety reports, and a rise in HR-related reports. “NAVEX’s immense repository of industry data is one of a kind,” said Florian Haarhaus, International General Manager at NAVEX. “Our annual report’s data will empower Chief Compliance Officers in Europe to enhance their programs with benchmarking. This will help them continue to evolve the efficacy of their programs to drive business outcomes that matter most.” Report volumes increase; reporters become more cautious Median report volume per 100 employees rose for all regions comparing 2022 to 2021. As volumes increased, so has the share of reports submitted anonymously. Until only recently, reporters were far more likely to put their name to a report than in years past. This may reflect a greater sense of caution among workers in all regions, where generalised economic uncertainty and geopolitical instability could be contributing to an apparent retreat in named reporting. Interestingly, reports made by reporters based in Europe were the least likely to be anonymous. This suggests reporters in that region may have the least actual concern about retaliation. Organisations in the European Union faced the accelerating rollout of the EU Whistleblower Protection Directive during this period, which mandated many organisations in the bloc set up internal whistleblowing systems. The Directive explicitly protects whistleblowers from retaliation. Health & safety reports recede while HR-type reports grow; Europe retaliation holds steady As workers retrench, they are bringing workforce culture issues to the fore. This may indicate a greater focus on their current employer, versus confidence of finding a new job outside of their organisation. Environment, Health, and Safety (EHS) reports were a smaller median share of total reports across all regions and measures in 2022 compared to 2021. This likely shows the decline of COVID-19’s prominence related to other issues around the world, whether viewed through the lens of where the organisation receiving the report is headquartered or where the report was submitted. The median share of HR, diversity, and workplace respect reports grew in importance across all regions and measures, likely reflecting a growing employee focus on workplace dynamics. The portion of retaliation reports made in Europe increased. This may be evidence of growing public awareness around the issue of retaliation and growing public confidence in the region to report this sensitive issue. The percentage of reports submitted about retaliation also rose slightly for reports made in all regions apart from APAC (Asia Pacific), where it held steady. Meanwhile, North America shows by far the greatest respective share of retaliation reports compared to other regions. This may be because of greater reporter awareness around the issue, or because organisations are doing an effective job inviting reports of this issue type. To read the full report, please click here. ------ About 2023 Regional Whistleblowing Hotline Benchmark Report Analysis is based on more than 1.5 million anonymised customer reports received in 2022. This regional benchmark focuses on four geographies: Europe, Asia Pacific (APAC), North and South America. It is designed to help risk and compliance practitioners understand and benchmark their programs’ performance relative to regional peers. The benchmarking metrics provide a framework for organisations to speak a common language regarding types of risks, while identifying areas to enhance workplace culture across regional boundaries. New this year is a first-ever analysis of how reporting trends may differ by region of report origin compared to location of organisation headquarters. This dual analysis is particularly useful for multi-national companies with global operations and workforces. Also of note, APAC report calculations for 2021 have also been updated to include the Middle East, which resulted in some refinements to 2021 data used for comparative purposes. NAVEX is trusted by thousands of customers worldwide to help them achieve the business outcomes that matter most. As the global leader in integrated risk and compliance management software and services, we deliver solutions through the NAVEX One platform, the industry’s most comprehensive governance, risk and compliance (GRC) information system. For more information, visit NAVEX.com and our blog. Follow us on Twitter and LinkedIn. Contact Details NAVEX Anita Lo +44 7778 754857 anita.lo@navexglobal.com Company Website https://www.navex.com

October 12, 2023 09:00 AM Eastern Daylight Time

Article thumbnail News Release

JustiFi Introduces: The Fintech Platform for Platforms

JustiFi

Today, Justifi is announcing the full launch of its highly anticipated fintech platform for platforms. This comprehensive stack of white-label financial tools enable software companies to monetize low-code fintech solutions like embedded payments, lending, and insurance all inside one integrated platform. Leveraging modern web components and API technologies, the JustiFi platform offers the fastest path to fully optimized fintech monetization for platform companies. “Platforms that see substantial fintech results can significantly expand their TAM (Total Addressable Market), boost revenue by 3-5 times, and command valuations 5-10 times higher than their competitors without fintech integration,” said Joe Keeley, JustiFi co-founder and CEO. The world's best platforms are winning with fintech products; however, turning this ambition into tangible results can prove to be a challenging journey, a narrative that JustiFi's founders are intimately familiar with. Before JustiFi, its leadership team had founded and led several vertical platforms, including SportsEngine, a vertical SaaS platform for youth sports organizations. In 2016, at the time of its sale to NBC Sports, SportsEngine had achieved world-class fintech results with embedded payments, insurance and lending. At the time, a staggering 85% of their revenue was coming from fintech products alone. The company was transformed, but SportsEngine's fintech journey was also complicated and expensive, involving a dedicated team of 50+ experts, intricate vendor integrations, and over a decade of work. There simply wasn’t an all-in-one fintech platform available on the market. That is until they built the JustiFi platform, a flexible plug-and-play fintech infrastructure powered by low-code APIs and web components, making fintech monetization faster and more accessible than ever before. What once took platforms tens of millions of dollars and a decade-plus to create, can now be activated in just days. With this platform launch, JustiFi has democratized access to fintech monetization and made good on its promise to accelerate the fintech potential of all platforms. Following its successful initial round of seed funding, which garnered $10.6 million from prominent investors like Crosslink Capital, Rally Ventures, and Emergence Capital in December 2021, JustiFi has welcomed a wave of enterprise clients from sports tech, rental management software, franchise operations, and various other sectors. These new partners collectively process billions of dollars in payments annually, showcasing JustiFi's rapid growth as a registered payment facilitator and an emerging fintech leader for platforms. For more information about the JustiFi platform, please visit www.justifi.tech. About JustiFi: JustiFi, the fintech platform for platforms, enables software companies to monetize white-label fintech products like embedded payments, lending, and insurance faster than ever before. As a registered payment facilitator, JustiFi provides world-class customer support and helps platforms deliver seamless fintech experiences to their end users. Contact Details JustiFi Cory Ploessl +1 612-281-8966 cory.ploessl@justifi.tech Company Website https://justifi.tech/

October 12, 2023 08:00 AM Eastern Daylight Time

Video
Article thumbnail News Release

Invest with Precision: Sector SPDR ETFs Enable Customized Portfolio Balancing

Select Sector SPDR

Investing in Exchange Traded Funds (ETFs) can be straightforward and transparent, though zeroing in on specific market segments can pose a challenge. The Sector ETFs from Select Sector SPDR provide a potential solution with 11 ETFs, offering the flexibility and diversification investors seek. These are the only ETFs that segment the S&P 500 into 11 investable sectors, covering all broad market segments. ETFs have emerged as a preferred tool for advisors and investors alike, ranging from institutional to individual investors. Beyond portfolios focused on broad based investments like the Dow Jones Industrial Average and the S&P 500, Sector SPDRs provide targeted access to industries. Investors can strategically customize their portfolios by over or underweighting specific sectors to meet their invest objectives, such as healthcare to capture demographic trends or financials during an economic slowdown. The lineup of SPDR ETF Funds includes: Communication Services Select Sector SPDR Fund (XLC) Consumer Discretionary Select Sector SPDR Fund (XLY) Consumer Staples Select Sector SPDR Fund (XLP) Energy Select Sector SPDR Fund (XLE) Financials Select Sector SPDR Fund (XLF) Health Care Select Sector SPDR Fund (XLV) Industrials Select Sector SPDR Fund (XLI) Materials Select Sector SPDR Fund (XLB) Real Estate Select Sector SPDR Fund (XLRE) Technology Select Sector SPDR Fund (XLK) Utilities Select Sector SPDR Fund (XLU) This collection of ETFs allows for more focused ETF investing, or a method to cover the entire market with varied weightings, depending on market dynamics and individual investor goals. These ETFs simplify the U.S equity market, breaking it down into clear, manageable investment areas. Diversification, a vital component of any portfolio, can be achieved thoughtfully using various Sector SPDR ETFs. Drawing from the S&P 500 for its equities ensures the funds are comprised of well-known, large-cap companies. While market fluctuations are inevitable, broad exposure through segmented industries offers flexibility without the necessity of single stock selection. Each investor's goals may vary, but the above sector ETFs allow for both diversification and personalization. DISCLAIMER: This is a work of research and should not be taken as investment or financial advice. Therefore, Select Sector SPDRs or the publisher is not liable for any decision made based on the publication. About the Company: Select Sector SPDR ETFs offer flexibility and customization opportunities. Many investors have similar outlooks, but no two are exactly alike. Select Sector SPDR ETFs let investors select the sectors that best meet their investment goals. DISCLOSURES The S&P 500 Index is an unmanaged index of 500 common stocks that is generally considered representative of the U.S. stock market. The index is heavily weighted toward stocks with large market capitalizations and represents approximately two-thirds of the total market value of all domestic common stocks. The S&P 500 Index figures do not reflect any fees, expenses or taxes. An investor should consider investment objectives, risks, fees and expenses before investing. One may not invest directly in an index. Transparent ETFs provide daily disclosure of portfolio holdings and weightings All ETFs are subject to risk, including loss of principal. Sector ETF products are also subject to sector risk and nondiversification risk, which generally will result in greater price fluctuations than the overall market. Diversification does not eliminate risk. An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, call 1-866-SECTOR-ETF (732-8673) or visit www.sectorspdrs.com. Read the prospectus carefully before investing. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust. Media Contact: Company: Select Sector SPDRs Contact: Dan Dolan* Address: 1290 Broadway, Suite 1000, Denver, CO 80203 Country: United States Email: dan.dolan@sectorspdrs.com Website: https://www.sectorspdrs.com/ *Dan Dolan is a Registered Representative of ALPS Portfolio Solutions Distributor, Inc. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is the distributor for the Select Sector SPDR Trust. SEL006942 EXP 11/30/23 Contact Details Dan Dolan dan.dolan@sectorspdrs.com Company Website https://www.sectorspdrs.com/

October 12, 2023 07:00 AM Eastern Daylight Time

Article thumbnail News Release

How Hedge Fund Clients Are Pioneering Sophisticated New Strategies with Automated Trading

Tradeweb

Automated trading has emerged as a strategic edge for a specific segment of the institutional marketplace, employing it effectively in their systematic trading approaches. While this may not be the use case we envisioned back in 2012 when we launched Automated Intelligent Execution (AiEX), we’re certainly energized as our hedge fund clients embrace the tool to innovate, potentially steering it in new directions. This particular story involving AiEX evolution follows a similar trajectory to what we’ve seen with tech developments in other industries. Whether it’s the explosion of AI and algorithmic models made possible by the widespread availability of cloud-based computing, or the proliferation of offshoot businesses and marketing strategies that have grown up around social media, the full power of a technology isn’t always clear until end-users start experimenting with it. It’s also a classic example of what can happen when you put a reliable, flexible tool in the hands of some of the world’s most sophisticated traders. Traditionally, systematic execution strategies were primarily associated with equities, where high-frequency trading and algorithmic strategies gained prominence. However, with the advancement of technology and sophisticated algorithms, automation has extended its reach into asset classes that were historically challenging to navigate with automated strategies. This technological leap has paved the way for systematic equity-focused firms to diversify their strategies and venture into fixed income asset classes. The surge in automation adoption in interest rate swaps is a great example of the transformative impact technology has had on financial markets, allowing for faster and adaptive trade executions. Additionally, automated systems can continuously monitor and adjust trading parameters based on changing market conditions. As more systematic funds expand their reach into fixed income, leveraging automation allows them to deploy proven strategies, optimize trading processes and capitalize on new opportunities across diverse asset classes. Since launching AiEX we’ve expanded our solution to 26 of our products to help our customers capitalize on strategic trading opportunities, increase their reactivity to market conditions and streamline and expedite their workflow. Roots In Efficiency By way of background, AiEX works by linking a client’s order management system (OMS) directly to the Tradeweb platform and fully automating the execution of a trade. At the basic level, the technology automatically applies pre-configured conditions, such as price tolerance thresholds, minimum number of quotes required to trade and client-specific compliance thresholds. The trade is then executed at the best price and sent back to the client’s system. In its earliest incarnations, AiEX was specifically marketed as a tool to free up traders’ time by automating low-touch trades of U.S. Treasuries. Trade sizes were relatively small, volumes were steady and trading workflows improved. When AiEX was first launched 11 years ago, trades were all executed using a request-for-quote (RFQ) trading protocol, whereby traders would set a predetermined number of dealers who would see the trade and provide a quote, and once all of the relevant parameters were achieved, the trade would be executed. The corresponding audit trail would come along for the ride, giving traders evidence of best execution and all of the relevant post-trade information they needed for recordkeeping compliance. The end-result was that the tool performed as advertised. Trades were executed seamlessly, compliance checks and balances were met and the so-called easy trades were able to be done without much fuss. Trading Efficiency To Trading Edge It did not take long, however, for some of our clients to start seeing a potential higher calling for AiEX. As Tradeweb continued to evolve the technology, adding asset classes and new trading protocols, such as click-to-trade and Request-for-Market (RFM) to the mix, its utility continued to grow. Meanwhile, as our hedge fund clients continued to refine their own workflows and learn from their experiences using AiEX, they started to dramatically expand the universe of applicable use cases where AiEX could unlock new value, specifically across global rates products. As these clients began to refine their use of AiEX during different market conditions, they quickly found that they could deploy different execution protocols in an automated fashion. For example, during periods of market stress they quickly found that by sending out automated trades via RFM, versus RFQ, they were able to limit their footprint in the market and execute trades far more discreetly than ever before possible. RFM allows clients to ask dealers for a two-way market, rather than a price based on direction. Unlike RFQ, whereby clients seek price quotes from dealers, RFM does not disclose the client’s trading intentions, preventing potentially sensitive or strategically valuable information from being revealed. Similarly, clients using AiEX with our click-to-trade protocol began streaming dealer liquidity directly into their internal trading systems and automating their trading strategies to execute on streams at certain price thresholds, revealing the trade only to a single dealer and reducing market footprint. Building A Positive Feedback Loop In order to continually evaluate their own process and find areas for improvement, some of our most advanced clients soon started using their AiEX post-trade data as a performance improvement tool. Over thousands of trades in different market conditions, using different trading protocols and different parameters, they were able to analyze results and start to optimize the entire process for various asset classes and trading environments. Suddenly, the tool that was originally conceived and perhaps undersold as an “integrated audit trail” became a data-driven guide to an optimal trading strategy. Continuous Innovation Ultimately, what’s happening with AiEX should not come as a huge surprise. While it was never really our initial intent to leverage the technology as a precision-tuned strategic execution engine, we did put the pieces in place for that to happen. As we’ve seen in other parts of our business, the combination of a reliable product that delivers proven performance improvement, the flexibility to continually tweak and refine that product and the close collaboration with clients to address real-world use cases creates a recipe for perpetual innovation. ------------------------------------------------- Tradeweb’s philosophy is to work closely with clients to build new and enhance existing trading technologies that deliver better price discovery and more efficient execution. We are unique among our peers in that we offer electronic marketplaces in rates, credit, equities and money markets. This means we have to cater to a variety of client requirements, and continue to develop innovative and flexible functionality that can be deployed across asset classes. The expansion of AiEX to enhance execution in the hedge fund community has opened the door to different ways of generating alpha when implementing trading strategies. About Tradeweb Markets Tradeweb Markets Inc. (Nasdaq: TW) is a leading, global operator of electronic marketplaces for rates, credit, equities and money markets. Founded in 1996, Tradeweb provides access to markets, data and analytics, electronic trading, straight-through-processing and reporting for more than 40 products to clients in the institutional, wholesale and retail markets. Advanced technologies developed by Tradeweb enhance price discovery, order execution and trade workflows while allowing for greater scale and helping to reduce risks in client trading operations. Tradeweb serves approximately 2,500 clients in more than 65 countries. On average, Tradeweb facilitated more than $1.2 trillion in notional value traded per day over the past four quarters. For more information, please go to www.tradeweb.com. Forward-Looking Statements This release contains forward-looking statements within the meaning of the federal securities laws. Statements related to, among other things, our outlook and future performance, the industry and markets in which we operate, our expectations, beliefs, plans, strategies, objectives, prospects and assumptions and future events are forward-looking statements. We have based these forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control. These and other important factors, including those discussed under the heading “Risk Factors” in documents of Tradeweb Markets Inc. on file with or furnished to the SEC, may cause our actual results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements contained in this release are not guarantees of future performance and our actual results of operations, financial condition or liquidity, and the development of the industry and markets in which we operate, may differ materially from the forward-looking statements contained in this release. In addition, even if our results of operations, financial condition or liquidity, and events in the industry and markets in which we operate, are consistent with the forward-looking statements contained in this release, they may not be predictive of results or developments in future periods. Any forward-looking statement that we make in this release speaks only as of the date of such statement. Except as required by law, we do not undertake any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this release. Contact Details Tradeweb Daniel Noonan +1 646-767-4677 Daniel.Noonan@Tradeweb.com Company Website http://www.tradeweb.com

October 11, 2023 05:30 PM Eastern Daylight Time

Article thumbnail News Release

NexTech3D.ai ending year with strong results in four key business units

Nextech3D.AI

NextTech3D.ai CEO Evan Gappelberg joined Steve Darling from Proactive with a comprehensive corporate update, shedding light on the various business units under NextTech3D.ai and their impressive achievements. One noteworthy highlight is the company's collaboration with major clients like Amazon, Kohl's, and others, where NextTech3D.ai has been instrumental in building over 60,000 models. The company's remarkable growth is reflected in its financial performance, with a 157% increase in revenue over the past six months and a remarkable 155% rise in Q2 revenue compared to the previous year. The company is well on track for a record-breaking fourth quarter as well. MapD, the company's events solutions platform, is also experiencing substantial growth, with multiple reseller agreements signed, including partnerships with Advanced Solutions, Rainfocus, CannaCon, and American Tradeshow Services, which has renewed its annual license. In just nine months, MapD has already surpassed its 2022 revenue figures. Toggle3D.ai, a SaaS solution that utilizes generative AI to convert CAD files, has garnered impressive traction with over 17,000 sign-ups and over 19,000 projects generated. The platform's integration with Sketchfab, boasting over 5 million 3D models available for download, has further strengthened its appeal. The company anticipates surpassing 30,000 users by year-end and plans to introduce additional pricing plans to enhance flexibility. Gappelberg also highlighted the success of ARway, which has secured key deals with prominent entities, including one of California's largest shopping malls, the second-largest university in Turkey, and the largest rental car company in South America. The company's robust pipeline includes 13 identified corporations as pilot project prospects across various vertical markets, including retail, healthcare, education, manufacturing, telecom, and digital marketing. ARway's selection to complete an initial build of the ARway Platform on Apple's Vision Pro hardware at Apple Park demonstrates its position at the forefront of augmented reality technology development. In summary, NextTech3D.ai's diverse business units are flourishing, with impressive growth, strategic partnerships, and a robust pipeline of opportunities across multiple industries. The company's innovative solutions and strong client relationships position them as a significant player in the ever-evolving fields of 3D modeling, augmented reality, and generative AI. Contact Details Proactive Investors Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

October 11, 2023 01:31 PM Eastern Daylight Time

Video
Article thumbnail News Release

OYO Rolls Out Contactless Anytime Check-In and Virtual Front Desk for its US Hotels

OYO

Global hospitality technology company OYO has announced the launch of a virtual front desk solution for its partner hotels in the US. Powered by GPT-4, the solution will eliminate waiting time for its customers offering anytime check in, help and guide international travellers who do not speak the local language and will also lead to faster response and resolution. The initiative is in line with OYO' s continuous efforts towards increasing operational efficiency of hotel partners by empowering them with latest technological tools. The self check-in technology is integrated with smart lock systems, allowing guests to enjoy keyless entry and exit without the need for physical key cards. Round-the-clock virtual front desk powered by ChatGPT4 will reduce front desk operations expenses by ~60%, saving an average OYO hotel ~$30,000 annually. The virtual front desk will support 80+ languages and will promptly assists guests in their preferred language, addressing queries and concerns in real-time. Additionally, the system automates payment collection, streamlining the entire process for a hassle-free experience. ChatGPT4 also analyses guest preferences to provide tailored recommendations for activities, dining, and local attractions. Talking about self-check in, Gautam Swaroop, CEO- OYO International said, “Guest facing tech such as the Contactless Self Check-in solution is not only important for enabling a seamless experience for guests, but also helps drive bookings and provides revenue-enhancing solutions for our hotel owners. The virtual front desk serves as a powerful tool that provides guests personalized hotel recommendations, exclusive offers, and seamless navigation. This also contributes to boosting bookings on OYO's own platforms, creating an additional revenue stream for hotel owners.” Nikhil Heda, Head of Business Development – OYO USA added, “There has been an increasing shift in consumer behaviour where they prefer digital-first interactions, convenience and personalization. This has steered the hospitality industry towards the adoption of guest-facing technology. At OYO, we have made a conscious effort to advance our tech stack to keep up with new customer demands and advanced technologies.” OYO offers hotels access to a large base of regular customers through its app and website, and lists hotels on multiple Online Travel Agents (OTAs) to boost booking demand and revenue. OYO’s best-in-class Artificial Intelligence-enabled pricing software automatically drives the best booking prices across all channels, based on room type, seasonality and other factors, therefore, enabling such an increase in online revenues. OYO has started offering hotels the flexibility of not having to invest heavily in redoing the hotel to join the OYO platform, something that other budget hotel chains insist on. Therefore, the initial investment to join OYO is minimal. It has been focusing instead on standardizing service led components such as customer support and booking experience. Nikhel Chand, the owner of OYO Woodland Hotel and Suites, who implemented the solution at his property said, "We implemented this solution to improve customer experience, help reduce costs, automate repetitive tasks and improve revenue. Our previous front desk setup had some gaps, both from a guest experience and operational perspective, including challenges with late-night check-ins and issues with keycard loss by customers. The biggest value this solution has brought to our property is the ability to manage hotel operations remotely from anywhere." The company helps ensure great experience for customers, with ease of search and a quick booking experience, highly competitive room prices as per market demand patterns, automated tools such as Artificial Intelligence powered chatbots to quickly resolve customer queries, loyalty programs and easy refund, if needed. OYO recently announced that it has partnered with Stripe to ease the payment experience for its customers and hotel owners in the US. The integration will provide hotel owners with a flexible and seamless solution for in-person payments with Stripe Terminal at their hotels. OYO hotels in the US will also be enabled with real-time payouts through Instant Payouts with Stripe, which will improve their cash flow. Earlier this year OYO said that it is planning to add over 100 hotels in the US. The company will focus on adding more hotels in the states of Oregon, Washington, Texas, Oklahoma, Georgia and Florida. Texas continues to be the largest and fastest growing market for OYO in the US, while it also has a sizable concentration of hotels in Oregon, South and North Carolina, Florida & Georgia. The company also achieved a 48% growth in revenue from bookings on its own platform, such as the app, website, mobile web and call centers in Q4 2022 vs same period in 2021. OYO’s app saw the highest growth with a 99% surge in revenue from bookings in Q4 2022 vs same period in 2021. The company had earlier disclosed that its app is the second most downloaded travel app with over 100 million downloads globally. OYO has presence in over 35 countries globally. It owns a vacations home business in Europe called OVH (OYO Vacation Homes) which operates legacy brands such as DanCenter and Belvilla. About OYO: OYO is a global platform that aims to empower entrepreneurs and small businesses with hotels and homes by providing full-stack technology products and services that aim to increase revenue and ease operations; bringing easy-to-book, affordable, and trusted accommodation to customers around the world. OYO offers 40+ integrated products and solutions to patrons who operate over 168,711 hotel and home storefronts in more than 35 countries including India, Europe and Southeast Asia, as of September 30, 2022. For more information, visit here Disclaimer: Oravel Stays Limited is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make an initial public offering of its equity shares (the “Equity Shares”) and has filed the Draft Red Herring Prospectus (“DRHP”) with the Securities and Exchange Board of India (“SEBI”). The DRHP is available on the website of SEBI at www.sebi.gov.in, websites of the Stock Exchanges, i.e., BSE Limited and National Stock Exchange of India Limited at www.bseindia.com and www.nseindia.com, respectively, and is available on the websites of the Global Coordinators and Book Running Lead Managers, i.e., Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited and Citigroup Global Markets India Private Limited at www.investmentbank.kotak.com, www.jpmipl.com and www.online.citibank.co.in/rhtm/citigroupglobalscreen1.htm; the websites of the Book Running Lead Managers, i.e., ICICI Securities Limited, Nomura Financial Advisory and Securities (India) Private Limited, JM Financial Limited and Deutsche Equities India Private Limited at www.icicisecurities.com, www.nomuraholdings.com/company/group/asia/india/index.html, www.jmfl.com and www.db.com/India, respectively. Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, refer to the Red Herring Prospectus which may be filed with the Registrar of Companies in the future, including the section titled “Risk Factors”. Potential investors should not rely on the DRHP filed with SEBI for making any investment decision. The Equity Shares offered in the Fresh Issue (as defined in the DRHP) and the Offer for Sale (as defined in the DRHP) have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) and, may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. Accordingly, the Equity Shares are only being offered and sold (i) within the United States only to “qualified institutional buyers” (as defined in Rule 144A under the Securities Act) in transactions exempt from, or not subject to, the registration requirements under the Securities Act, and (ii) outside the United States in offshore transactions in reliance on Regulation S under the Securities Act and pursuant to the applicable laws of the jurisdictions where those offers and sales are made. There will be no public offering of the Equity Shares in the United States. Contact Details Anupriya +91 97911 63065 anupriya.d@oyorooms.com Company Website https://www.oyorooms.com/

October 11, 2023 10:00 AM Eastern Daylight Time

1 ... 191192193194195 ... 639