Daily Archives: April 11, 2017

Nasdaq Signs New Market Technology Deal with Hong Kong Exchanges and Clearing Limited

HKEX to upgrade derivatives market platform to Nasdaq Financial Framework architecture for trading, clearing and real-time risk management

NEW YORK, April 11, 2017 (GLOBE NEWSWIRE) — Nasdaq, Inc. (Nasdaq:NDAQ) today announced a new agreement with Hong Kong Exchanges and Clearing Limited (HKEX) to upgrade the technological infrastructure of Hong Kong’s main derivatives market, including trading, clearing and real-time risk management technologies. The agreement also extends the existing relationship for an additional five years. HKEX and Nasdaq have been technology partners since 1994.

Under the agreement with HKEX, Nasdaq will deliver a new multi-asset trading technology engine (Nasdaq Multi Matching Engine), a state-of-the-art multi-asset derivatives clearing engine and a real-time risk management solution (Nasdaq Clearing Engine and Nasdaq Real-Time Risk), which will increase performance, speed, flexibility and resiliency of trading and clearing. Further, the new platform will address the sophisticated risk management and stress testing needs of today’s CCPs and exchanges to manage risk of financial derivatives such as equity, FX, commodities and fixed income asset classes, all under the new Nasdaq Financial Framework architecture. The upgrade is expected to be completed in the second half of 2018.

“We have been able to provide superior capability and very reliable market infrastructure, high priorities at HKEX, with the Nasdaq technology we use in our derivatives market,” said Richard Leung, HKEX’s Co-Head of IT.  “We look forward to completing our upgrade smoothly and receiving continued high quality technical support from Nasdaq.”

“Nasdaq is proud of the technology partnership that has existed between our respective organizations for nearly 25 years,” said Lars Ottersgård, Executive Vice President and Head of Market Technology, Nasdaq. “HKEX is one of the global capital markets’ true innovators who are committed to the continuous introduction of new technologies to bolster and strengthen the product and services offerings for their clients and partners, along with a rigorous focus on shaping the future of our industry. We are thrilled to support HKEX on this journey and further our relationship in the years to come.”

The architecture that HKEX’s derivatives market will run on, the Nasdaq Financial Framework, is designed to ensure openness, flexibility and the capability of supporting HKEX’s requirements. The solution comprises of a number of seamlessly integrated Business Applications across the trade lifecycle that leverage a single, operational hub. For post-trade operations, the Nasdaq Clearing business application is fully integrated with the Nasdaq Matching Engine, which will allow HKEX to benefit from a more harmonised approach. Additionally, the Nasdaq Financial Framework is built to accommodate continuous change, which allows seamless integration with other third-party trading and post-trade systems, thus supporting a reduction of the total cost of ownership (TCO).

Nasdaq’s exchange technology, including trading, clearing, CSD and market surveillance systems, is in operation in over 100 marketplaces across the Americas, Europe, Asia, Australia, Africa, the Middle East and the Caribbean.

About Nasdaq
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables clients to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 85 marketplaces in 50 countries, and 1 in 10 of the world’s securities transactions. Nasdaq is home to approximately 3,800 listed companies with a market value of $10.1 trillion and nearly 18,000 corporate clients. To learn more, visit: business.nasdaq.com.

NDAQG

Contacts
Allan Schoenberg
(212) 231-5534
[email protected] 

Christine Barna
(646) 441-5310
[email protected]

More than 100 Channel Partners in Trials with BroadSoft Team-One Worldwide

  • Team-One trials are underway with more than 100 channel partners globally (including 3 of the top 4 telecommunications providers by revenue), with 42 channel partners in North America, 50 in EMEA and 12 in the APAC and CALA markets
  • Team-One is a team collaboration and personal productivity app that integrates unified communications and leverages Contextual Intelligence
  • BroadSoft and their partners aim to solve the problems of today’s stand-alone enterprise messaging apps that cause information overload and sap productivity

GAITHERSBURG, Md., April 11, 2017 (GLOBE NEWSWIRE) — BroadSoft, Inc. (NASDAQ:BSFT), a global market leader in cloud business software for unified communication, collaboration and contact center (UCaaS) today announced that more than 100 channel partners, serving millions of business customers across the world, are in trials with BroadSoft Team-One.

The inability of today’s siloed and often expensive business applications to integrate with one another is causing collaboration tool overload, and is a key reason why the typical worker spends nearly 20% of their week just searching for and gathering information. In November 2016, BroadSoft endeavored to solve this market challenge. This resulted in the launch of Team-One, a powerful team collaboration and personal productivity solution that places all the tasks, files, messages and notes a business user needs in one place, along with video conferencing, click-to-call, screen sharing and integrations with popular business apps.

In just a few months since its launch, the BroadSoft Team-One app has separated itself from stand-alone enterprise messaging and group chat applications with an integrated and affordable solution service providers can quickly take to market, along with an extensive set of capabilities, including:

  • Built-in Contextual Intelligence (CI) & bots – Team-One’s CI enhances one-to-one communications by searching a user’s cloud applications for the documents, messages, and content relevant to the conversation or meeting they’re having.
  • Telephony and UC integration – Team-One integrates persistent team workspaces with click-to-call, HD instant video conferencing and screen sharing available through the BroadSoft Business UC-One application across any device.
  • Task and Project Management – Team-One enables users to have the ability to create, assign and track tasks for each project to simplify the workflow process.
  • Personal Productivity – Team-One’s workspace model gives users personal productivity tools that few other messaging-based app features, including: daily digests, task summaries, email and calendar integration, and the ability to tag anything and search everything.

“We were extremely excited to collaborate with BroadSoft in adding Team-One to our portfolio. Our reseller partners have deployed The Voice Factory solutions in more than 21 countries and with the addition of a European-based data center, Team-One is now perfectly positioned as a great addition to our BroadSoft Business product portfolio,” said Paul Harrison, Managing Director of The Voice Factory, a service provider headquartered in the United Kingdom.

“As BroadSoft has introduced Team-One to channel partners and businesses, it has become clear that the modern workforce wants a single unified communications workspace that integrates everything workers need at their fingertips,” said Taher Behbehani, chief digital and marketing officer, BroadSoft. “Our value proposition is resonating because we are enhancing productivity by bringing people, conversations and content together in one place to achieve more.”

Team-One is part of BroadSoft Business, a fully integrated portfolio of enterprise-ready cloud, unified communications, team collaboration and contact center applications, delivered in the cloud. BroadSoft Business can scale to all market segments, and includes three core applications: UC-One, Team-One, CC-One, with BroadSoft Hub providing contextual intelligence across the entire platform so users can access the information and apps they need in one place.

To find out more about the benefits of Team-One, watch here.

Forward-Looking Statements:

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by their use of terms and phrases such as “enables” and “can,” and other similar terms and phrases and include, among others, statements regarding the benefits to BroadSoft’s customers resulting from the use of the Team-One and the BroadSoft Business offering. The outcome of the events described in these forward-looking statements is subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from the results anticipated by these forward-looking statements, including, but not limited to, the financial and other benefits to BroadSoft resulting from the use of Team-One by its service provider customers, as well as those factors contained in the “Risk Factors” section of BroadSoft’s Form 10-K for the year ended December 31, 2016, filed with the Securities and Exchange Commission, or SEC, on February 23, 2017, and in BroadSoft’s other filings with the SEC. All information in this release is as of April 11, 2017. Except as required by law, BroadSoft undertakes no obligation to update publicly any forward-looking statement made herein for any reason to conform the statement to actual results or changes in its expectations.

About BroadSoft:

BroadSoft is the technology innovator in cloud communications, collaboration, and contact center solutions for businesses and service providers across 80 countries. We are the market share leader for cloud unified communications with an open, mobile and secure platform trusted by 25 of the world’s top 30 service providers by revenue. Our BroadSoft Business application suite empowers users and teams to share ideas and work simply to achieve breakthrough performance. For additional information, visit www.BroadSoft.com.
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Investor Relations:
Chris Martin
+1 561-404-2130
[email protected]

Media Contacts:

Brian Lustig, Bluetext PR
+1 202-469-3608
[email protected]

Niaobh Levestam, BroadSoft
+447919605660
[email protected]

TGS annual report 2016

ASKER, Norway, April 11, 2017 (GLOBE NEWSWIRE) — TGS publishes its annual report for 2016, including a Corporate Sustainability Report and Declaration of Executive Remuneration.

The report can be downloaded from www.newsweb.no or by clicking here.

“We are pleased to release our Annual Report for 2016 and on behalf of the TGS family, I would like to thank our shareholders and clients for their continued confidence in us. I would also like to thank our employees for all of the hard work, passion and client focus during a challenging year in our industry,” commented Kristian Johansen, CEO for TGS.

The TGS Annual Report 2016 is available at: http://www.globenewswire.com/NewsRoom/AttachmentNg/f1a2ce2f-679b-4116-a7b8-1eb4389e326c

The TGS Corporate Social Responsibility Report 2016 is available at: http://www.globenewswire.com/NewsRoom/AttachmentNg/246aa152-408f-4860-b9e1-0e2098c1b342

The TGS 2016 Declaration of Executive Remuneration is available at: http://www.globenewswire.com/NewsRoom/AttachmentNg/2f1e2a1e-9a96-4f73-94ca-cda4ff5830d4

Company Summary

TGS-NOPEC Geophysical Company (TGS) provides multi-client geoscience data to oil and gas Exploration and Production companies worldwide.  In addition to extensive global geophysical and geological data libraries that include multi-client seismic data, magnetic and gravity data, digital well logs, production data and directional surveys, TGS also offers advanced processing and imaging services, interpretation products, and data integration solutions.

For more information visit TGS online at www.tgs.com.

Forward-looking statements and contact information

All statements in this press release other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties and assumptions that are difficult to predict, and are based upon assumptions as to future events that may not prove accurate. These factors include TGS’ reliance on a cyclical industry and principle customers, TGS’ ability to continue to expand markets for licensing of data, and TGS’ ability to acquire and process data products at costs commensurate with profitability. Actual results may differ materially from those expected or projected in the forward-looking statements. TGS undertakes no responsibility or obligation to update or alter forward-looking statements for any reason.

TGS-NOPEC Geophysical Company ASA is listed on the Oslo Stock Exchange (OSLO:TGS).

TGS sponsored American Depositary Shares trade on the U.S. over-the-counter market under the symbol “TGSGY”.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

For additional information about this press release please contact:

Sven Børre Larsen
Chief Financial Officer
Tel: +47 90 94 36 73
Email: [email protected]

Will Ashby
VP HR & Communication
Tel: +1 713 860 2184 
Email: [email protected]

Award Winning Private Jet Company Launches WeChat Sales Platform

VistaJet announces digital channel dedicated to its rapidly expanding customer base in China

  • VistaJet saw strong growth in Greater China in 2016, accounts for 17% of current customer base
  • Company is first international private aviation operator to offer flight booking service via WeChat
  • Platform gives exclusive access to 72 silver and red private jets to fly all over the globe, as well as domestic flights in China
  • Customers can request flights and speak one-to-one with the team on WeChat

SHANGHAI, China, April 11, 2017 (GLOBE NEWSWIRE) — VistaJet, the first and only global aviation company, today announced at the Asian Business Aviation Conference & Exhibition (ABACE) in Shanghai that it is the first international private aviation operator to launch a WeChat sales platform available for instant global fleet access. Aimed at those who frequently charter business aircraft, the innovative platform will allow Chinese corporations, travel departments, and ultra-high net worth individuals to request flights in the simplest way. The WeChat service is the latest route to providing access to VistaJet’s fleet of 72 silver and red Global and Challenger aircraft, straight from customers’ mobiles.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/16025cdc-8101-46cf-b918-2b405ea6c83d

The launch of the VistaJet WeChat sales platform stems from the company’s careful observation of the local market and close collaboration with its Chinese customers and partners on its technology strategy. With 17% of its global customer base represented by the greater China region, the company observed that the majority of principal Chinese customers use WeChat instant messaging to communicate directly with their dedicated sales representatives.

By developing this digital channel, VistaJet saw the potential to offer its award-winning private jet travel experience to a larger, digitally active customer base. Its sales teams are available twenty-four hours a day, seven days a week to support users of the WeChat platform. Customers will be able to request one-off charter flights or purchase blocks of flying hours through the Company’s signature Program product. The onboard experience will be just as tailored: Passengers can enjoy an authentic Chinese tea service, request Mandarin and Cantonese speaking cabin staff, and may order dining options from their favourite restaurant or hotel.

VistaJet’s performance in Greater China was particularly strong in 2016, contributing to a 23% growth in flight traffic during the year. In Q1 2017, the Company has doubled sales of flight hours compared to Q1 2016, and the momentum is expected to continue. VistaJet has been offering its international flight experience on domestic China flights since 2015 when it placed its first dedicated Chinese-registered aircraft in  partnership with Apex Air. The most visited cities in Mainland China in 2016 were Beijing, Shenzhen, Shanghai, Tianjin, Guangzhou. The top 3 overseas destinations departing from Mainland China in 2016 were Kuala Lumpur, Singapore, Seoul.

VistaJet was voted the Best Charter Operator Award 2016 by Asian Business Aviation Association (AsBAA) and Business Jet Operator Star Performer 2017 at Hurun Report’s ‘Best of the Best’ Awards.

Founder and Chairman Thomas Flohr said:

“For VistaJet, being global means not only flying our customers anywhere they wish to go to, but also creating a service dedicated to regional cultural demands. Our Chinese consumers don’t tend to use email as a primary communication tool, and instead pointed us to the incredible popularity of WeChat. Launching a WeChat service is a huge opportunity to allow people to talk to our team – anytime, anywhere – and enable us to provide Chinese customers with the best experience in the industry.

VistaJet has enjoyed a successful relationship with China since the company’s creation in 2004. China is a priority market for us, and is driving the increasing demand and double-digit growth VistaJet has enjoyed every year. Last year, 40% of VistaJet’s new business came from customers moving away from fractional or full aircraft ownership and we are now seeing this reflected in China. For Chinese customers who require guaranteed aircraft availability 365 days a year, WeChat could genuinely become an alternative to ownership – merely instant message our team, and we’ll organise the rest, to your own specific taste.” 

About VistaJet 

VistaJet is the first and only global aviation company. On its fleet of silver and red business jets, VistaJet has flown corporations, governments and private clients to 187 countries worldwide. Founded in 2004 by Thomas Flohr, the company pioneered an innovative business model where customers pay only for the hours they fly, free of the responsibilities and asset risks linked to aircraft ownership. VistaJet’s signature Program service offers customers a bespoke subscription of flight hours on its fleet of mid and long range jets, to fly them anywhere and at any time.

More VistaJet information and news at vistajet.com.

Information

Amy Yang			
VistaJet International Limited	
T: +852 2901 0502		
M: +852 9080 3985		
[email protected]   	

Jane Mok			
Artemis Associates 
T: +852 2861 3274
M: +852 9676 9366
[email protected]

As Myanmar Rebuffs International Spotlight, Rohingyas Suffer

COX’S BAZAR, BANGLADESH � In the ramshackle refugee camps that dot the landscape of Bangladesh’s borderlands with Myanmar, the prospect of an imminent return home for the Rohingya people is growing ever dimmer.

It has been seven months since a military offensive began among the Rohingya community in Myanmar’s Rakhine state, prompting widespread allegations of mass rape and murder and the flight of around 70,000 Rohingya into neighboring Bangladesh.

Yet with recent U.N. efforts to investigate being stonewalled by Myanmar, and allegations of atrocities being downplayed, demands for justice continue to meet deaf ears.

Meanwhile, fears grow that this will become the latest generation of Rohingyas forced into permanent exile.

Conditions for return

In Balu Kali camp � situated in Bangladesh’s Cox’s Bazar district � they are building for the future ahead of the coming rainy season.

Alongside the recently built huts, bricks wait in piles on construction sites to be laid.

Mohammed Anwar dreads the onset of Bangladesh’s lashing rains and retains hope that he will see the village he fled three months ago.

However, he is firm about what is required to make him return to Myanmar.

If we get a fair recognition as Rohingya, and a promise to the world that we will not be tortured, then we will go back, he said. Otherwise we will not go back.

Anwar’s conditions for return are commonly echoed here.

Deprived of even the most basic rights in Myanmar, including citizenship and the freedom to move, the Rohingya are a Muslim minority group in largely buddhist Myanmar.

They are labelled by many in their homeland as Bengali immigrants, despite having a presence in the region stretching back generations.

Yet with hopes pinned on the international community, progress so far has been slow.

Reaching stalemate

Myanmar’s military operation was prompted by the death of nine policemen at the hands of a Rohingya insurgent group in October. But the crackdown has faced accusations of brutally targeting civilians and widespread atrocities, a charge rejected by Myanmar.

Though the Myanmar military released a statement saying it had ended military operations in Rakhine in mid-February, reports indicate that few, if any, Rohingya have returned permanently.

Since then, real efforts to look into what happened have come to little.

While rebuffing the UN, Myanmar sent its own state-backed commission to the camps in Bangladesh, but Sultan Ahmad, who was present at the visit, told VOA they didn’t hear or care what we said.

We said about burning many villages, and the burning of children by locking newborn babies in the houses, said Ahmad, who is from nearby Kuptalong camp.

We asked them why they were lying after what they’d done, and they said it was us that were lying.

Disillusionment, meanwhile, has also set in regarding de facto Myanmar leader Aung San Suu Kyi.

Feted as a beacon in the country for human rights and given a role within government last year after her party won in a landslide election, she has remained largely mute on the topic of the Rohingya � save an interview this week in which she denied allegations of ethnic cleansing.

We do not expect any positive steps from Myanmar. added Ahmad.

Stretched resources

Elsewhere in Kutapalong camp, the newly-arriving refugees are welcomed with empathy.

It is estimated that between 300,000 and 500,000 Rohingya live in Bangladesh, having fled what they say is persecution in Myanmar that has gone on for decades.

A number of them live in the longer-established part of Kutapalong, where the houses are more firmly built and a scattering of tombstones marks a graveyard.

Minuara Begum, who fled to Bangladesh in 2012, fears that as more time passes, chances grow that those who arrived recently will also end up permanently displaced.

But with aid to the Rohingya already stretched, she also has another fear � that the patience of the Bangladeshi government will wane.

People keep on coming to Bangladesh and, like us, living here, she said. There may be a population problem, and the price of food, and other important elements are increasing day by day.

One NGO source, who did not want to be identified, told VOA that though the government had publicly given the green light in helping Rohingya, it was making life difficult for NGOs � leaving many without much needed assistance.

Recently, the government in Bangladesh proposed relocating the Rohingya to flood-prone and remote Thengar Char island in the Bay of Bengal, an idea that has drawn condemnation from human rights groups.

Requests from VOA for comment by the national government have been met with silence.

But at the local level, Kazi Abdul Rahman, deputy commissioner for Cox’s Bazar, referred to the ongoing presence as a concern, stating they would be awaiting a decision regarding Thengar Char.

Rather stay away

Some wait because they must, but there are others determined not to return.

With NGOs present, some are gaining access to services like healthcare that they were deprived of back home, even if many are living on one meal a day.

Rashida Begum was split from her daughter Senuara amid a military raid on her village in Myanmar, and fears she is in the hands of soldiers.

If she is alive or not, I do not know, she tearfully told VOA.

But while she is constantly hunting for news of her daughter from new arrivals, the prospect of returning home fills her with dread.

There is no peace in Myanmar and it will never come. I’ll never go back to Myanmar, even if there is peace, she said. There, I couldn’t sleep at night. Here, though I am starving, I can sleep in peace.

Source: Voice of America