News Hub | News Direct

Analyzing Execution Quality in Portfolio Trading

Tradeweb

U.S. credit portfolio trading (PT) volumes have grown significantly over the past few years, with record volumes recorded through the first quarter of 2024 across the market as a whole and on the Tradeweb platform. As usage of the protocol evolves and new use cases arise, we continue to monitor the critical trends in portfolio trading and how they are impacting U.S. credit markets today. This analysis will explore one of the key drivers of the portfolio trading evolution: execution quality. As we discussed in a previous piece, execution “quality” can have many dimensions. In this piece, we will focus on the transaction cost - defined as the price paid for the basket versus market mid. We will delve into the core factors, including various portfolio trade construction and market factors, which influence trading costs and their implications for portfolio trading on Tradeweb. Bid/Offer Spread First, let’s look at measuring execution quality. We do this by calculating the percentage bid/offer spread (%BOS) captured in each trade by determining the gap between the Tradeweb Ai-Price bid/offer spread and the actual level of each completed trade. We use this metric to normalize the bid/offer spread across the liquidity spectrum. Within this construct, execution where the client is paying full bid/offer is represented as 0% and execution at Mid is 50%. As the chart below illustrates, we’ve seen a steady improvement in execution quality over the last couple of years, with %BOS captured trending around 40-45%, up from roughly 30% in 2022. This trend demonstrates that as portfolio trading volumes and adoption have grown, dealers have become more comfortable pricing their baskets competitively, with clients now trading closer to Mid than in years prior. Role of Pre-Trade Data The importance of reliable pre-trade data has also become an increasingly critical component in global credit markets. This theme is relevant throughout the trade life cycle in portfolio trading, beginning at the portfolio manager level, where it is used to help determine which bonds should be traded, and at the execution level, where it is used to help determine which dealers should receive the list. As leaders in portfolio trading, we have an abundance of reliable trade data to examine trends in execution quality and what they mean for the markets overall. We analyzed thousands of portfolio trades over dozens of attributes to identify the factors that proved to be statistically significant in explaining execution quality. These factors are broadly categorized as Portfolio and Market Factors: Portfolio Factors are properties the client can control within their portfolio trade construction. The most significant drivers within these factors were average line item size, weighted average liquidity score and ETF overlap; the percentage of bonds in a portfolio trade that are also constituents in the relevant ETF. For this analysis, we compared portfolio trades to iShares ETFs (LQD for Investment Grade portfolios and HYG for High Yield portfolios). Market Factors are properties outside the client’s control due to overall market conditions. The market factor that stood out the most was the ETF premium/discount at the time of execution. Portfolio Trade Construction Matters Digging deeper into these categories, if we look at the median %BOS captured across these baskets for each determining factor, we can begin to understand how these metrics drive execution quality. As outlined in the tables below, we see that as the notional per line item increases, the expected cost of the whole basket increases. This trend is not surprising, because it generally costs more to trade larger size risk. When that large size is spread over many line items at the basket level, the overall cost to trade the basket goes down. In terms of liquidity, generally, if a basket is more liquid, it will cost less to trade. The results around the ETF overlap are also intuitive. Generally, the closer to an ETF the portfolio trade is, the easier for dealers to hedge and price the basket. How do these portfolio construction factors interact? We can see from the tables above how the factors individually affect overall trade execution. However, it is also necessary to know how these factors interact as the effect of one factor may depend on others. We find this easiest to interpret if we analyze the execution quality from each bucket combination. Consider the table below. It illustrates that, on average, the best execution for investment grade portfolios is achieved when baskets have a size of less than 50,000 per line item and average liquidity score greater than seven and an LQD ETF overlap of more than 70%. This implies that by optimizing basket construction across all three metrics, it’s possible to attain better expected execution costs (0.4bp better than mid in the below example) than is implied by optimizing any one metric (0.1bp better than mid shown in the “Average Line Item Size” table above). This trend is also observed in High Yield (HY) portfolios. Market Factors – The ETF Premium/Discount Effect We also found that the premium/discount between the ETF market price and the intraday Net Asset Value (iNAV) of the underlying constituent bonds is essential in explaining overall trade cost. For example, consider a scenario where the constituent LQD bonds traded cheaper than LQD on the exchange. This market dislocation could prompt dealers to buy bonds to create shares of LQD, which they could then sell in the secondary market at a higher level than the underlying value of the bonds. Therefore, we found that if clients were selling (buying) portfolios when the bonds were cheaper than the ETF, they received better (worse) pricing. The upward slope on the chart below demonstrates this effect; as the premium gets larger, execution quality improves when clients are selling. This effect was symmetric for clients buying bonds from dealers when they were more expensive than the ETF, as shown by the downward slope below. Conclusion This analysis shows that portfolio composition and market-driven factors are essential in predicting a range in which a basket might typically trade. Tradeweb has taken these findings and incorporated them into our new pre-trade analytics for portfolio trading. By using these tools, clients can gain further insight into what drives execution quality and fine-tune portfolio trade construction, potentially unlocking more liquidity at better prices. 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 50 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 more than 2,500 clients in more than 70 countries. On average, Tradeweb facilitated more than $1.5 trillion in notional value traded per day over the past four fiscal 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 Media Contact Savannah Steele +1 631-655-4225 Savannah.Steele@Tradeweb.com Company Website https://www.tradeweb.com/

May 02, 2024 09:27 AM Eastern Daylight Time

Image

Plotline raises $2.6m as it harnesses AI to boost adoption in the super app era

Plotline

As customer acquisition costs soar, consumer companies are rushing to find new ways to make their apps appealing by building super apps that offer multiple services. But with 50% of the global population expected to be using super apps by 2050, the competition to win and engage users is intensifying. Plotline, a startup enabling consumer app companies to rapidly and effortlessly customize their apps, has raised $2.6 million from Elevation Capital to improve user adoption and loyalty in the super app era. Plotline was founded in 2022 by Shubham Jindal and Adarsh Tadimari, who previously led the business and AI teams at HyperVerge, a leading identity-verification SaaS company. The pair initially set out to help product teams get real-time app feedback, but quickly found that many apps were being underutilized because the majority of users weren’t aware of all of the available functionalities in the first place. Shubham Jindal, co-founder of Plotline commented: "Mobile apps are adding a lot more functionality into their apps today compared to half a decade ago. This poses a unique challenge in how users navigate and discover these offerings. Through our work with customers over the past year, we see that influencing user behavior by making apps dynamic can be extremely beneficial for the company and end user. As apps transition from single-function tools to vertical super apps that offer multiple complementary services - they realized there was untapped potential in helping marketers and users unlock their apps' full value.” Today, Plotline helps consumer brands make their apps dynamic based on individual user behavior, analyzing billions of data points to create a personalized experience that drives significant improvements in app usage. This helps product marketers cut through the noise in a way existing customer engagement platforms are currently unable to. While those platforms excel at bringing users back to apps through channels like push notifications, SMS, and emails, they fall short in being able to influence the user within the app itself. Furthermore, by integrating LLMs for content creation and continuous experimentation, Plotline ensures that each user's experience is optimally engaging and consistently evolving. Based in San Francisco and Bengaluru, Plotline’s powerful no-code platform facilitates in-app user experimentation with inline widgets, improves activation, feature adoption, and retention with nudges, and drives deeper engagement with gamification components. This empowers consumer brands across the globe to skyrocket their user adoption and engagement rates. Since launching just one year ago, Plotline has garnered significant traction among 50 consumer app teams, including industry leaders like Khatabook, BharatPe, CoinDCX, Niyo, Step, and Kredivo. Plotline has served over 150 million end users through its platform and has helped every customer improve implementation and experimentation speeds by up to 10x. Strategically deploying its $2.6m seed round to bolster key functions across R&D, marketing, and sales, Plotline is now looking ahead to drive expansion in the US, Middle East, Africa, and Asia-Pacific regions. “With the rise of vertical superapps, Plotline helps consumer apps cut through the noise and deliver the best in-app experiences through their no-code platform that allows growth marketers to craft and launch tailored UX campaigns. We're eager to support Shubham Jindal and Adarsh Tadimari on this journey as they redefine the dynamics of user engagement and drive unparalleled growth in this industry.” Poorvi Vijay, Vice President, Elevation Capital. “The growth isn’t just in numbers. With apps turning multi-functional, there’s a lot more ground to cover, and the role of app adoption platforms is becoming even more crucial. We’re enabling both companies and their users to navigate the dynamic digital landscape, and the journey is far from over,” said Shubham Jindal. About Plotline Plotline is a plug-and-play platform that empowers B2C product marketers to customize app experiences to each user’s behavior and preferences. Plotline facilitates app experimentation with inline widgets, improves activation, feature adoption, and retention with nudges, and drives deeper engagement with gamification components. Plotline powers over 50 gaming, fintech, and commerce consumer apps, including industry leaders like Khatabook, BharatPe, CoinDCX, Niyo, Step, and Kredivo. About Elevation Capital Elevation Capital is a leading venture capital firm that provides seed and early-stage capital for emerging companies in India. Having invested in India since 2002, Elevation has deployed over $2.6 Bn of capital in over 190 companies. The firm announced its eighth pool of capital of $670 million in April 2022. Co-led by Managing Partners Ravi Adusumalli and Mukul Arora, along with Partners Mridul Arora and Mayank Khanduja, the firm has invested across Consumer Internet, SaaS, Fintech, Consumer Brands, Edtech, Healthtech and Deeptech. Elevation Capital has offices in Bengaluru and Gurgaon. Contact Details Plotline Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.plotline.so/

May 02, 2024 09:00 AM Eastern Daylight Time

Image

NAVEX Announces New Bangalore Office Following International Expansion

NAVEX Global

NAVEX, the global leader in integrated risk and compliance management software, today announced its expansion into South Asia with the establishment of a new Global Capability Center (GCC) in Bangalore, India. The decision to establish a permanent presence in India is a significant step forward in executing on NAVEX’s strategic goals driven by the company’s ongoing commitment to international growth, talent acquisition, and investment in technology and services. Its proximity to key Asian markets, such as Singapore, Japan, and Australia, also adds fundamental value to business operations. Sean Thompson, CEO at NAVEX, said, “The introduction of our new GCC in India is a game-changer and marks an exciting chapter for NAVEX as we strengthen our global presence and aim for new milestones. This is just our first leap into Asia as we continue to explore opportunities for smart, strategic development in the region. We continue to witness significant expansion globally, driven by the everchanging regulatory environment and increasing customer demand to build cultures focused on creating transparent, safe, and responsible workplaces.” With a presence now across America, Europe, and Asia, NAVEX’s impact spans across the globe; providing over 73 million employees at more than 13,000 organizations with a safer place to work. Due to significant international customer momentum in Europe, the company opened a new London office in 2023. The move follows its growing footprint in Finland, the acquisition of WhistleB in Sweden, and the establishment of its Frankfurt data facility. As a purpose driven company, NAVEX prides itself on creating a people first culture that is meaningful and relatable to each person. In addition to offering a myriad of learning and development programs that support career growth, NAVEX offers a wide array of benefits and resources designed to support healthy living. It is a multi-award-winning employer of choice, most recently named in 2024 as a USA Top Workplace by USA Today. The company has also been recognized by customers and industry experts for its leading culture, products, and services. To ensure NAVEX remains at the forefront of market trends, the GCC will help the business operate with agility while building awareness among companies in India seeking governance, risk, and compliance (GRC) expertise. It will play a pivotal role in accelerating product innovation and building on the company’s legacy. Notably, NAVEX recently introduced to its portfolio the Compliance Assistant AI solution in NAVEX One. Udayakumar Sethu, India Site Leader at NAVEX, adds, “NAVEX is looking forward to recruiting outstanding talent that the Bangalore market offers. We are excited to have a presence in this vibrant city. Our commitment is to empower the global market by providing the necessary tools, guidance, and training to employees and businesses to protect themselves against risks and meet regulatory requirements – all while building stronger organizational cultures.” Learn more about Life at the new NAVEX India GCC on our website. NAVEX is the recognized leader in risk and compliance management software and services, empowering thousands of customers around the world to manage and mitigate risks with confidence. NAVEX’s mission is to help customers promote ethical, inclusive workplace cultures, protect their brands, and preserve the environment through sustainable business practices. For more information, visit our website and our blog. Follow us on Twitter and LinkedIn. Contact Details NAVEX anita.lo@navex.com Company Website https://navex.com

May 02, 2024 09:00 AM Eastern Daylight Time

Tesla’s Optimus Robot Could Hit The Market by End of Next Year

MarketJar

Tesla's CEO Elon Musk revealed that its humanoid robot, Optimus, is still undergoing development but could potentially be available for sale by the end of next year. 1 Numerous companies have been exploring humanoid robots as a solution to potential labor shortages, particularly in industries like logistics, warehousing, retail, and manufacturing, where repetitive or hazardous tasks are common. Musk expressed his optimism regarding the readiness of the Tesla robot, suggesting that it might be capable of performing factory tasks by the end of this year. The concept of humanoid robots has been in the works for several years, with notable developments from companies such as Japan's Honda and Hyundai Motor's Boston Dynamics. More recently, Figure AI, a startup supported by Microsoft and Nvidia, announced a partnership with BMW to deploy humanoid robots in the automaker's U.S. facilities. Musk has previously indicated that robot sales could become a significant aspect of Tesla's business, potentially surpassing other segments like car manufacturing. However, Musk's track record with fulfilling ambitious promises has faced skepticism from Wall Street in the past. For instance, in 2019, he announced plans for Tesla to operate a network of autonomous "robotaxi" cars by 2020, which did not come to fruition. As the landscape of robotics continues to evolve with companies like Tesla exploring the potential of humanoid robots, another sector experiencing significant advancements is autonomous security robots. Knightscope, Inc. (NASDAQ:KSCP), a leader in this field, has recently announced major strides in its operations, highlighting its dedication to transforming the security industry through innovative technology solutions. Knightscope Expands Operations with New Deployments and Contract Wins Knightscope 's expansion efforts come at a time when the demand for advanced security solutions is on the rise. With evolving security threats and the need for proactive measures to mitigate risks, organizations are increasingly turning to autonomous technologies to enhance their security posture. Knightscope, Inc. (NASDAQ:KSCP) has leveraged four key technologies (autonomy, robotics, artificial intelligence, and EV technology) to better equip both domestic law enforcement and private businesses. Since deploying its first Autonomous Security Robot (ASR) in May 2022, Knightscope has secured dozens of contracts across the US including a $1.2 million inventory replenishment order for its K1 Call Boxes, 2 and a $1.25 million contract with Rutgers, The State University of New Jersey, for a whopping 145 devices. 3 On April 30, Knightscope, Inc. (NASDAQ:KSCP) announced the deployment of 37 K1 Blue Light Towers at Rio Hondo College in California. Emergency communications play a vital role in campus safety by providing reliable, one-touch access to services such as police, fire and EMS. Those on campus can utilize the new Blue Light Towers in times of danger, personal crisis, medical emergencies, to report suspicious behavior or activities, or for accidents. In April, Knightscope reported revenue of $12.8 million for 2023, marking a 128% increase year-over-year. Net revenue from services increased by approximately $2 million to $7.2 million while net revenue from product sales increased by $5.2 million to $5.6 million in 2023. Revenue growth is driven primarily by full-year sales of Emergency Communication Devices, which were integrated into our product lines after the acquisition of CASE Emergency Management Systems. The company's success in winning these contracts can be attributed to its proven track record of delivering effective security solutions tailored to the unique needs of each client. By offering a range of services, including patrol, surveillance, and incident response, Knightscope ensures comprehensive coverage and peace of mind for its clients. As Knightscope continues to expand its footprint and attract new clients, the company remains dedicated to its mission of making the world a safer place. By leveraging the power of automation and artificial intelligence, Knightscope is revolutionizing security operations and setting new standards for safety and protection. For further information on Knightscope 's innovative solutions and projects, please visit Knightscope's website (NASDAQ:KSCP). Footnote: [1] https://www.reuters.com/technology/tesla-could-start-selling-optimus-robots-by-end-next-year-musk-says-2024-04-24/ [2] https://ir.knightscope.com/news-releases/news-release-details/correcting-and-replacing-knightscope-receives-inventory [3] https://ir.knightscope.com/news-releases/news-release-details/knightscope-lands-125-million-contract Disclosure: 1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies outlined in this Article. The author determined which companies would be included in this article based on research and understanding of the sector. 2) The Article was issued on behalf of and sponsored by, Knightscope, Inc. Market Jar Media Inc. was paid $1,500 for the production and publishing of this article by Knightscope, Inc.’s Digital Marketing Agency of Record (Native Ads Inc.). Additional details relating to Market Jar Media Inc.’s engagement by Knightscope, Inc.’s Digital Marketing Agency of Record (Native Ads Inc.) are set out in https://pressreach.com/disclaimer-kscp. 3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. Market Jar has not independently verified or otherwise investigated all such information. None of Market Jar or any of their respective affiliates, guarantee the accuracy or completeness of any such information. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media Inc. has no means of verifying its accuracy. 4) The Article does not constitute investment advice. All investments carry risk and each reader is encouraged to consult with his or her individual financial professional. Any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.'s terms of use and full legal disclaimer as set forth here. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on PressReach.com should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on PressReach.com. 5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article. 6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management's expectations regarding Knightscope, Inc.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Knightscope, Inc.’s industry; (b) market opportunity; (c) Knightscope, Inc.’s business plans and strategies; (d) services that Knightscope, Inc. intends to offer; (e) Knightscope, Inc.’s milestone projections and targets; (f) Knightscope, Inc.’s expectations regarding receipt of approval for regulatory applications; (g) Knightscope, Inc.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Knightscope, Inc.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Knightscope, Inc.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Knightscope, Inc.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) the accuracy of budgeted costs and expenditures; (e) Knightscope, Inc.’s ability to attract and retain skilled personnel; (f) political and regulatory stability; (g) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (h) changes in applicable legislation; (i) stability in financial and capital markets; and (j) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Knightscope, Inc. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Knightscope, Inc.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact Knightscope, Inc.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Knightscope, Inc.’s business operations (e) Knightscope, Inc. may be unable to implement its growth strategy; and (f) increased competition.Except as required by law, Knightscope, Inc. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does Knightscope, Inc. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither Knightscope, Inc. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document. 7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of Knightscope, Inc. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of Knightscope, Inc or such entities and are not necessarily indicative of future performance of Knightscope, Inc. or such entities. 8) Investing is risky. The information provided in this article should not be considered as a substitute for professional financial consultation. Users should be aware that investing in any form carries inherent risks, and as such, there is a possibility of losing some or all of their investment. The value of investments can fluctuate significantly within a short period, and investors must understand that past performance is not indicative of future results. Additionally, users should exercise caution as transactions involving investments may be irreversible, even in cases of fraud or accidental actions. It is crucial to acknowledge that rapidly evolving laws and technical issues can have adverse effects on the usability, transferability, exchangeability, and value of investments. Furthermore, users must be cognizant of potential security risks associated with their investment activities. Individuals are strongly encouraged to conduct thorough research, seek professional advice, and carefully evaluate their risk tolerance before engaging in any investment endeavors. Market Jar Media Inc. is neither an investment adviser nor a broker-dealer. The information presented on the website is provided for informative purposes only and is not to be treated as a recommendation to make any specific investment. No such information on PressReach.com constitutes advice or a recommendation. Contact Details James Young +1 800-340-9767 campaigns@pressreach.com Company Website https://pressreach.com

May 02, 2024 07:30 AM Eastern Daylight Time

Image

Harnessing Power: The Influence of Energy Sector ETF XLE in Today's Market

Select Sector SPDR

The Energy Select Sector SPDR Fund ( XLE ), an exchange-traded fund (ETF) focusing on the energy sector, continues to play an important role in today's investment landscape. This ETF seeks to provide investment results that correspond generally to the price and yield performance of publicly traded companies in the Energy Select Sector Index. XLE offers exposure to the largest U.S. energy firms, including those in oil, gas, consumable fuels, and energy equipment and services industries. The fund is a passively managed Sector Energy ETF, making it an attractive choice for investors looking to gain broad exposure to the energy sector without having to invest directly in individual stocks. As a modified market-cap-weighted index of U.S. energy companies in the S&P 500, XLE offers exposure to a basket of U.S. energy firms. This approach provides investors diversified exposure to the energy sector, reducing the risk associated with investing in individual stocks. Key Holdings* of XLE Include: Exxon Mobil Corporation (23.47%) Chevron Corporation (17.02%) ConocoPhillips (9.01%) EOG Resources (4.69%) Schlumberger (4.12%) Marathon Petroleum Corporation (4.07%) Pioneer Natural Resources Co. (3.83%) Phillips 66 (3.75%) Valero Energy Corporation (3.31%) Williams Companies Inc. (2.84%) These holdings represent a balanced mix of companies engaged in different aspects of the energy sector, providing investors with a comprehensive view of the industry. Boasting more than $39 billion in assets and a low total expense ratio of just 0.09%**, XLE offers a convenient gateway to this essential industry. In recent times, global events have impacted and spotlighted the energy sector. The performance and holdings of XLE reflect the broader trends and developments in the energy industry, making it a valuable tool for investors seeking to understand and navigate these complex dynamics. 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. *Holdings, Weightings & Assets as of 4/30/24 subject to change **Ordinary brokerage fees apply 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. SEL007474 EXP 6/30/24 Contact Details Dan Dolan +1 203-935-8103 dan.dolan@sectorspdrs.com Company Website https://www.sectorspdrs.com/

May 02, 2024 05:00 AM Eastern Daylight Time

Genius Group adds Alan Turing AI Avatar to C-Suite of Avatars as it disrupts education model

Genius Group Limited

Genius Group Limited (NYSE-A:GNS) CEO Roger Hamilton discusses the company's innovative use of artificial intelligence (AI) in education with Proactive's Stephen Gunnion. Genius Group, an edtech firm, is at the forefront of integrating artificial intelligence to enhance lifelong learning. It boasts a platform supporting 6 million users ranging from children to adults in need of reskilling. The company's unique AI, "Genie," provides personalized learning pathways by initially assessing users' passions and guiding them accordingly. Recently, Genius Group expanded its AI capabilities by introducing multiple AI avatars of historical figures, such as Alan Turing, who has been named the Chief AI Officer. These AIs adopt the characteristics and knowledge of their historical counterparts to deliver tailored educational content. Hamilton highlighted Turing's role in advancing AI's integration into their platforms and shaping the future of educational strategies. He also touched upon future projects like Genius Cities, aiming to blend local culture and advanced AI to foster environments that enhance human and technological growth simultaneously. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

May 01, 2024 10:40 AM Eastern Daylight Time

Video

One Media iP CEO discusses robust 2023 performance and innovations in music rights management

One Media iP Group PLC

One Media iP Group PLC CEO Michael Infante takes Proactive's Stephen Gunnion through the company's 2023 financial performance, describing it as robust and in line with expectations despite a challenging global context. Infante highlighted the resilience and profitability of the business, which has maintained a focus on recurring income from music rights. The company continues to pay dividends and has successfully navigated challenges that have impacted larger firms. Infante also detailed advancements in its technical copyright analysis tool (TCAT) subsidiary, developed to detect music piracy across major platforms like Spotify and Apple Music. The software, leveraging AI, aids in combating the increasingly complex issue of music piracy. Further, Infante introduced a new desktop application called TCAT Protect, designed to help artists and labels ensure their music tracks on streaming platforms are correctly reported and compensated. This tool is set for launch by the end of May and represents a significant step forward in music rights management. Operational highlights from the year include the acquisition of the licensor's income share of the Entertain Me catalog and the renewal of their distribution deal with The Orchard. Infante also noted the industry's structural trends, mentioning the resurgence of vinyl and its impact on their business strategy. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

May 01, 2024 09:48 AM Eastern Daylight Time

Video

Hong Kong Authorities Approve Bitcoin and Ethereum ETF, A New Dawn For These Tokens?

Kangamoon

After the Hong Kong regulatory authority's approval of Bitcoin and Ethereum ETFs, the crypto market is set to witness a resurgence. Some of the tokens that badly need this approval are Ethereum (ETH) and Polkadot (DOT) which have slipped considerably in the wake of the bearish sentiments. For KangaMoon (KANG), the development is a good way of continuing its bullish momentum, projecting it as one of the best meme coins to buy now. KangaMoon (KANG)- An Injection of Fresh Idea KangaMoon's fresh idea is set to revolutionize the meme coin market. The platform blend of SocialFi and GameFI models projects it as the future of meme coin utility, offering a platform where participants come together for an immersive gaming experience. KangaMoon's ideas also transcend to making the platform a user-centric one. Every participant on the platform has a chance to earn significant rewards through their active participation. Players earn through weekly, monthly, and quarterly competitions. Spectators earn through predictive betting while holders get free tokens through simple social tasks. At stage 5 of the ICO campaign, KangaMoon has broken through as one of the best meme coins to buy. Its native token KANG has witnessed huge growth, rising from $0.005 at inception to $0.0196 now. With the price rising, investors have also pocketed a 290% ROI for holding on to the token. With the listings across major exchanges set to happen in Q2 2024, KangaMoon's potential ROI could be up 1000%. Although the token has proved itself in the meme coin market, keen watchers believe more are still to come. With events such as the approval of Bitcoin and Ethereum ETFs and the upcoming bull market, KangaMoon can truly serve investors with a bounce to $1. Can The Effect of Hong Kong ETF Approval Kickstart a New Dawn For Ethereum (ETH)? Ethereum (ETH), the number two crypto, has witnessed a subdued performance in recent times, losing almost $1000 of its price value within a few months. However, the recent approval of the Ethereum ETF in Hong Kong is expected to trigger a massive rally in the next few months. Even though the Ethereum token still has the US SEC to contend with, Ethereum EMA is battling hard to find support at the $3k threshold. If Ethereum's price can find support, analysts observe that it may restage its move above the key resistance level of $3500. Otherwise, a pullback to below $3k can not be ruled out. Holders Expect Polkadot (DOT) To Surge After Breaking Key Support Level Now that Polkadot (DOT) has broken out of the support level of $6.5, the token may be set for an extended spell with a bullish sentiment. From the trading outlook, the Polkadot token is moving next into the 100-day EMA located at $8.1 and the Fibonacci retracement level situated at $8. This audacious jump by Polkadot may be due to the recent massive adoption of the Polkadot network by many projects. Projects such as Moonsong Labs, Origin Trail, and Neuro Web AI have all embraced Polkadot silky blockchain as their preferred network to drive their platform growth. Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today! Website: https://KangaMoon.com/ Join Our Telegram Community: https://t.me/KangaMoonofficial Integrating GameFi and Play To EarnEmbark on your quest for glory. Assemble your champions, engage in epic battles or bet on your favorite fighters to earn $KANG tokens and exclusive rewards. Gain control of rare NFTs, unlock exclusive content and build alliances with fellow gamers as you ascend the ranks and leaderboards. Disclaimer: The following disclaimer is important to read and understand before engaging with Kangamoon, a play-to-earn meme coin. By accessing or participating in any activities related to Kangamoon, you acknowledge and accept the terms outlined below: 1 No Financial Advice: This whitepaper and any associated content do not constitute financial advice, investment recommendations, or solicitation to purchase Kangamoon tokens. The information provided is for informational purposes only. It is your responsibility to conduct thorough research and seek professional advice before making any financial decisions. 2 Volatility and Risks: Cryptocurrencies, including Kangamoon, are volatile and subject to significant price fluctuations. Investing in or holding Kangamoon tokens involves substantial risks, including the possibility of total loss. Past performance is not indicative of future results. 3 Regulatory Compliance: The regulatory environment surrounding cryptocurrencies is evolving and varies across jurisdictions. It is your responsibility to ensure compliance with applicable laws and regulations in your country or region before engaging with Kangamoon. 4 Uncertain Market: The market for meme coins and play-to-earn platforms is highly speculative and subject to rapid changes. There is no guarantee of market demand, liquidity, or utility for Kangamoon tokens. Token values may fluctuate drastically and may not reflect the intrinsic value of the project. By continuing to engage with Kangamoon, you acknowledge and accept the risks and limitations outlined in this disclaimer. You should only participate if you fully understand and are willing to assume these risks. Contact Details Kangamoon marketing@kangamoon.com Company Website https://kangamoon.com/

May 01, 2024 05:27 AM Central Daylight Time

Image

Franklin Templeton Launches Money Market Fund on Polygon; Why Are Tron and KangaMoon Surging?

Kangamoon

Franklin Templeton recently created a money-market fund on the Polygon (MATIC) blockchain, which indicates that institutions are becoming more interested in DeFi. Meanwhile, Tron (TRX) and KangaMoon (KANG) are the best cryptos to buy. Analysts hint that KANG, a Stage 5 presale star, may become a $0.5 crypto in 2024. The Polygon Crypto May Soar After Franklin Templeton Announcement Franklin Templeton has revealed that the Franklin OnChain U.S. Government Money Fund (FOBXX) will be integrated into the Polygon (MATIC) blockchain. This is a significant step for the first-ever U.S.-registered mutual fund, which now uses public blockchains to perform transactions. Meanwhile, the Polygon coin has been riding a bullish wave. Over the last week alone, the Polygon crypto value rose from $0.67 to $0.70. During that time, the Polygon market cap increased from $6.88B to $6.97B. This crypto is trading above its 200-day EMA, so experts have made a bullish Polygon price prediction. They foresee growth to $1.10 within Q2 of 2024. Tron (TRX): Another Good Crypto To Buy Tron (TRX) is another token making waves in this market. Over the last seven days, the Tron price soared from $0.11 to $0.12. The Tron market cap surged from $9.60B to $10.46B in that period. Additionally, Messari reports that Tron had positive growth in many sectors in Q1 of 2024. For example, the USDT on TRON reached $50B. In addition, there are now 25 technical indicators for the Tron coin in the green. Because of this, market analysts remain bullish on this crypto. In their Tron price predictions, they forecast a rise to $0.17 before Q2 of 2024 ends. KangaMoon (KANG): The Best New Crypto To Invest In Global traders are also gravitating to KangaMoon (KANG), a rising presale sensation. This presale has raised over $5.8M so far and is expected to reach $6M by the end of April 2024. The community has over 20K registered members and 6K KANG holders, showing strong involvement. Recently, KangaMoon announced a major partnership with RiotSharks, bringing thrilling raids and a $1K monthly reward pool. This development has only increased the level of attention that KangaMoon is getting. Essentially, KangaMoon will launch a P2E game where KANG will be used to buy in-game items and upgrade characters. What makes KangaMoon unique is its focus on giving back to its community. For example, KangaMoon rewards the most active community members with free KANG tokens before its launch. Therefore, countless individuals are now rushing to like and share KangaMoon's social media posts. Currently, one KANG costs just $0.0196 in Stage 5 of its presale - a 290% pump from its starting price of $0.005. However, since it has ties to the P2E gaming market, which may reach $885M by 2028, its long-term growth potential is stellar. Experts foresee a rise to $0.5 once a Tier-1 CEX lists KANG in Q2 of 2024. This makes KANG the top crypto to invest in. Can KangaMoon Outpace Polygon and Tron? KangaMoon possesses a major advantage over Polygon and Tron—a low market cap of $19.6M. This means that KANG will surge much faster, as it needs fewer new funds for its price to rise. Therefore, KANG is the best new crypto to invest in. Sign up for its presale now and get a 10% bonus. Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today! Website: https://Kangamoon.com/ Join Our Telegram Community: https://t.me/Kangamoonofficial Integrating GameFi and Play To EarnEmbark on your quest for glory. Assemble your champions, engage in epic battles or bet on your favorite fighters to earn $KANG tokens and exclusive rewards. Gain control of rare NFTs, unlock exclusive content and build alliances with fellow gamers as you ascend the ranks and leaderboards. Contact Details Kangamoon marketing@kangamoon.com Company Website https://kangamoon.com/

May 01, 2024 02:43 AM Central Daylight Time

Image

Technology

Analyzing Execution Quality in Portfolio Trading

Plotline raises $2.6m as it harnesses AI to boost adoption in the super app era

NAVEX Announces New Bangalore Office Following International Expansion

Tesla’s Optimus Robot Could Hit The Market by End of Next Year

Harnessing Power: The Influence of Energy Sector ETF XLE in Today's Market

Genius Group adds Alan Turing AI Avatar to C-Suite of Avatars as it disrupts education model

One Media iP CEO discusses robust 2023 performance and innovations in music rights management

Hong Kong Authorities Approve Bitcoin and Ethereum ETF, A New Dawn For These Tokens?

Franklin Templeton Launches Money Market Fund on Polygon; Why Are Tron and KangaMoon Surging?