LHKX PLC announces progress update
(firmenpresse) -
LHKX PLC announces progress update
London, 3rd February 2011, London Hong Kong Exchange Plc (“LHKX PLC”) today provides a company progress update to review recent activities, and provide a snapshot regarding its key milestones and anticipated achievements during 2011.
LHKX – EMPOWERING THE INVESTOR
Over the past few years many, most, perhaps all investors have experienced the frustration of having their finances managed by third parties with minimal visibility, minimal information and very restricted ability to access their investments – with unsatisfactory results but plenty of fees.
The web is the proven methodology for providing products and services in a form that offers information, tuition, global choice, access, pricing economies and immediate execution. Investment services are available but not in a consolidated environment, making comparison, information and execution less than efficient.
LHKX aims to revolutionise the way in which all sophisticated investors can access global investment opportunities by providing an on line service with a comprehensive range of investment products and services normally only available to large financial institutions and investment professionals with substantial resources at their disposal. In the majority of cases, LHKX client’s investments can be managed or liquidated at 24 hours’ notice. LHKX will only charge a management fee when the client increases the value of their investment on a monthly basis.
LHKX SERVICE PORTFOLIO
LHKX want to enable individual investors to trade in multiple assets (equities, FX, CFDs, futures, ETFs, bonds etc.) on multiple markets globally at low cost. In December 2010, LHKX signed a letter of intent with a tier 1 financial institution to create a strategic partnership with the objective to launch a white labelled LHKX trading platform by mid-2011. LHKX have agreed in principle to the acquisition of an FSA regulated company to provide the regulatory environment required and expects to finalise the requisite regulatory structure during Q1, 2011.
The LHKX Platform aims to give the individual investor access to products and services that have previously only been available to the professional market participant and the first LHKX Platform products are briefly described below:
LHKX Ripple is an advanced “chat room” where investors can meet, exchange views, learn and collaborate with other investors from around the world. Ripple will also offer the first business networking service that is dedicated to investors.
LHKX Gaming offers a friendly informative environment for investors from all backgrounds to experience trading in a number of products. Even experienced traders have limitations to the numbers of products they have traded. Moreover traders will be able to establish trading games where they can compete against each other – and allow other investors to view and even follow their investment strategies. http://lhkxgaming.com
LHKX StrictlyMoney offers totally independent economic, buy, hold, sell research on selected businesses - including pre-IPO opportunities. This research will be available in a subscription service to LHKX clients. The StrictlyMoney web presence http://strictlymoney.com was launched Q4, 2010 and the updated functional website will be released in the immediate term.
LHKX Trading Platform is a universal trading platform allowing investors to trade almost every market in every product around the globe. It is proposed that Day Trader clients can opt for “execution only” or “profit based fees”.
LHKX Track-a-Trader is a unique service for major traders that will be revealed in Q4, 2011.
LHKX Illiquid Assets Exchange offers the opportunity for illiquid assets of all classes to be traded. This covers quoted and unquoted equities, physical assets, bonds, loans or any assets one may wish to trade. The first LHKX-IAX web presence went live in January 2011 http://www.iaxplc.com
KEY MILESTONES FOR 2011:
During December 2010 and January 2011, LHKX has achieved successful launch of the LHKX Gaming website http://lhkxgaming.com in English and German, which is raising awareness of the LHKX brand and encouraging the customer base to learn about trading. During January 2011, LHKX finalised the acquisition of the IAX platform business and Bluw i Ltd have started the design and development process for the integration of the IAX platform.
It is intended that the remaining elements of the LHKX service will be launched on a staggered basis throughout 2011. Some key 2011 milestones are presented below:
-White labelled LHKX Trading Platform website to go live during Q2, 2011
-LHKX Ripple website with business networking forum to go live in Q3, 2011
-LHKX Gaming platform to be enhanced in Q3, 2011 to enable users to play games in Tournaments against other investors or traders.
-IAX platform to go live in Q4, 2011
-LHKX Trading Platform to be enhanced in Q4, 2011 with a ‘Track-a-Trader’ concept.
From 2011 onwards, LHKX intends to continually enhance its business model with new products and services to meet evolving customer demands and also ensure that LHKX will be an innovator and leader in its chosen market segment.
PROSPECTUS:
LHKX PLC has finalised the management accounts for the 2010 financial year and expects that it will be able to release the 2010 audited accounts and finalise its prospectus and an application for admittance to the Entry Standard segment of the regulated unofficial market (Freiverkehr) in a timely fashion.
About LHKX PLC:
London Hong Kong Exchange Plc (“LHKX”) is a UK domiciled holding company for a group of companies active in provision of innovative financial services and products to empower the qualified investor. LHKX’s strategy is to give the investor control over their investments. http://www.lhkx.com
For further queries please contact:
LONDON HONG KONG EXCHANGE PLC
37th Floor
One Canada Square
Canary Wharf
London E14 5AA
United Kingdom
Tel: +44 20 7 193 3853
Email: press(at)lhkx.co.uk
The information in this press release constitutes "forward-looking information". Other than statements of historical fact, all statements are "Forward-Looking Statements» that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
Leseranfragen:
LONDON HONG KONG EXCHANGE PLC
37th Floor
1 Canada Square
Canary Wharf
London E14 5AA
Tel: +44 20 7 193 3853
Email: press(at)lhkx.co.uk
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Datum: 03.02.2011 - 08:27 Uhr
Sprache: Deutsch
News-ID 27717
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