Blockchain Press Releases
Record demand for Prism Global Group following relocation to City
Financial Solutions group firmly focuses on growth in 2023 as demand for its platform increases dramatically from institutional and broker market segments.
LONDON, July 20, 2023 /PRNewswire/ — Prism Global Group an innovator of a new equity orientated financial infrastructure has recorded solid demand for the year to date. (June 2023)
Demand for its advanced equity solution that allow investors greater flexibility in achieving precise risk & return profiles has risen sharply. At its heart, the solution is a financial and technical framework which divides equity securities into dividend and growth components, enabling investors to directly select the type of equity exposure they desire.
Alev Dover, CEO, Prism Global Group, stated: “We are committed to ongoing product development, embracing technological advancements, and remaining at forefront of market trends. We have consistently refined our strategy and adapted to changing market dynamics, ensuring our financial products remain at the cutting edge of innovation.
“Since we relocated the Group HQ to London in 2022, the business has gone from strength to strength. We were established in 2018 in Sydney, Australia and the move to London has meant we are in a far better position to operate across major market time zones during the working day. There is no doubt this has played a critical role in forming new distribution alliance we have in the region”.
In early 2023, the business was restructured to focus on delivering efficiencies throughout the organisation, Prism introduced and implemented a number several operational, compliance, and marketing procedural enhancements to respond to regulatory and market changes. These changes in addition to our authorisation license awards in Australia and the UK positions Prism for a systematic roll out of products across key jurisdictions”.
Dover continued: “We have maintained a high level of investment in both product and platform services to ensure we continue to deliver robust client engagement, and our website is now fully integrated and available to registered investors.”
As a result, the business has reported sustained new business levels in Prism Off-market Allocations (POAs) from family offices, wealth managers and brokers alike as well as high net worth investors and sovereign wealth funds.
Dover continued: “The investment we have made in both our Australia operation and now the UK has driven the rapid growth of our global workforce. Further, we have made additional investments in expanding our go-to-market operation, with managers now in place specifically to develop relationships with investors no matter what their risk appetite.
We continue to see demand from brokers for new products such as ours, it allows them to maintain an interesting engagement with their clients. Furthermore, investors are looking for platforms such as Prism’s, that deliver underlying portfolio efficiency and we are confident that the second half of 2023 will deliver impressive growth for the business,” concluded Dover.
About Prism Global Group
Prism Global Group is an innovator of a new equity orientated financial infrastructure.
The company was established in Sydney and has expanded its international footprint under CEO Alev Dover. PRISM moved its global HQ to London in 2022.
This disclaimer is for Prism Global Group Plc (Reg No: 14476793), Prism Global Group Ltd (ACN 630 730 415), Prism Global (UKEUR) Ltd (Reg No 13579812), Prism Operations Australia Pty Ltd (ACN650 476 378) and Prism Securities Australia Ltd (ACN 650 488 136) and any other associated entities referred to collectively as ‘Prism’.
Prism Operations Australia Pty Ltd is a Corporate Authorised Representative (authorised representative number: 1292289) of Sanlam Private Wealth Pty Ltd (“Sanlam”) which is the holder of an Australian Financial Services Licence (AFS Licence No. 337927).
Prism Global (UKEUR) Ltd (FRN: 999737) is an Appointed Representative of Sapia Partners LLP which is authorised and regulated by the Financial Conduct Authority (FRN: 550103).
View original content:https://www.prnewswire.co.uk/news-releases/record-demand-for-prism-global-group-following-relocation-to-city-301881417.html
Binance, a leading cryptocurrency exchange, has announced adjustments to the tick size (the minimum change in the unit price) of specific spot trading pairs. These adjustments are aimed at enhancing market liquidity and improving the overall trading experience for users. The changes are scheduled to be completed by 05:00 (UTC) and 07:00 (UTC) on May 23, 2024.
Traders can find details about the tick sizes of all spot trading pairs on Binance in the platform’s Trading Rules. Importantly, the adjustment will not impact spot trading and related functionalities. API users will also observe changes in the tick size, and they can stay updated with the latest tick size using the GET /api/v3/exchangeInfo endpoint. Additional details and updates can be found in the API Changelog.
Existing spot orders will not be affected by the tick size update. Orders placed before the update will continue to be matched with the original tick size. However, traders are advised to adjust their trading strategies accordingly to avoid any unnecessary impact on their trading activities.
Binance emphasizes the importance of referencing the English version of the announcement for the most accurate and up-to-date information, as there may be discrepancies in translated versions. The exchange remains committed to providing a seamless trading experience and appreciates the support of its users. Users are reminded to exercise caution and make informed decisions when trading on the platform.
Source: blockchain.news
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According to an official announcement released on May 16, 2024, OKX will introduce new USDC trading pairs in the spot trading section between 7:00 am and 8:00 am UTC on May 20, 2024. This addition aims to broaden trading options for OKX users and contribute to the expanding USDC ecosystem.
In light of the risks associated with digital asset trading, OKX has issued a cautionary note to all users. They emphasize that information provided by OKX and third parties is for informational and educational purposes only. OKX does not guarantee the accuracy or completeness of any information and does not provide financial, investment, or other forms of advice.
OKX highlights the speculative nature and high volatility of digital assets, cautioning that they may become illiquid at any time, potentially resulting in the loss of the entire investment. Therefore, OKX advises users to conduct thorough research and assess their risk tolerance before engaging in digital asset trading.
For inquiries regarding the new USDC spot trading pairs or any other concerns, users can contact OKX through their support center or engage with the OKX team on various platforms. OKX’s proactive approach in addressing user inquiries and fostering community interaction underscores its commitment to user satisfaction and the overall growth of the crypto ecosystem.
Source: blockchain.news
The post OKX Announces Support for New USDC Spot Trading Pairs appeared first on HIPTHER Alerts.
ShibaSwap, the decentralized exchange (DEX) affiliated with the Shiba Inu ecosystem, has announced a significant upgrade by migrating to the Shibarium blockchain. This move is expected to introduce a range of new utilities for users, as stated in a recent press release.
The upgrade includes features such as a revamped dashboard, enhanced user experience, discovery charts for trending tokens, and an improved process for onboarding new tokens onto the DEX.
Lead developer Shytoshi Kusama expressed enthusiasm for the upgrade, highlighting its potential to empower DEFI innovators and facilitate community token interaction on Shibarium. Kusama also invited the community to explore the new swap and encouraged existing Shibarium tokens to transition to the platform seamlessly, while assuring that further updates are in the pipeline.
A portion of transaction fees will be utilized to enhance liquidity pool (LP) value in swap transactions, benefiting users and the yield farming community, according to the press release.
The upgrade rollout will prioritize enhancing discovery and can be expected to include more regular updates and upgrades, as noted by fellow developer and contributor Kaal.
The upgrade aims to minimize gas fees and ensure faster transactions, in addition to supporting various segments of the Shiba Inu Ecosystem, including $SHIB and $LEASH tokens, SHEboshis DN-404 tokens, SHIB The Metaverse, ShibaSwap DEX, and the Shiba Eternity game.
Shibarium’s layer 2 mainnet, launched in August 2023, saw the creation of 21 million wallets and was trialed by millions of users. It introduced a new consensus mechanism called proof-of-participation (PoP), which selects validators based on their holdings of the associated cryptocurrency.
As of the latest data, the price of SHIB stands at $0.0002548, reflecting an almost 7% increase in the last 24 hours, with SHIB being the 11th largest in terms of market cap, according to CoinMarketCap.
Source: cointelegraph.com
The post ShibaSwap rolls out major upgrade, moves to Shibarium appeared first on HIPTHER Alerts.
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