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Mercury Derivatives Trading Selects Eventus Systems for Trade Surveillance

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Global Futures Proprietary Trading Firm Deploys Validus Platform

AUSTIN, Texas, Oct. 20, 2020 /PRNewswire/ — Eventus Systems, Inc., a multi-award winning global trade surveillance and risk management software platform provider, today announced that Mercury Derivatives Trading, a global futures proprietary trading firm with more than 500 traders operating in markets on six continents, has deployed Eventus’ Validus platform for trade surveillance.

Mercury Derivatives, part of the Hertshten Group, has adopted the cloud-based version of Validus on a T+1 basis for market surveillance, including the ability to identify and address a wide range of potential market manipulation behaviors.

Elad Hertshten, a senior member of the Hertshten Group, said: "For us, we find that one of the most important things to survive long-term in this industry is to be fully compliant. Trade surveillance is a key component of that, including complying with the exchanges in which we operate." 

Mercury Derivatives had been using a trade surveillance platform it had acquired, but it required significant resources to maintain, including an in-house developer. The firm planned to outsource next year but accelerated its plan after seeing Validus and participating in a custom demo. Hertshten said: "I’m a big believer in outsourcing what we’re not specialized in. The Validus technology is much more advanced than what we had. And we were particularly impressed with the people, hands-on support and professionalism. They delivered what they promised. Implementation was quick. The integration went smoothly, the communication has been great, and all timetables were met."

Amit Bhanwani, Head of Business Operations, said: "The Validus platform is quite intuitive, and we really like the open architecture and ability to build any type of automation into Validus on the basis of our requirements. The information captured in the platform is very granular in nature so if we want to see the data in a different format, we can drill down and add it to our main user interface. That gives me confidence that any form of customization is possible in this system."

Eventus CEO Travis Schwab said: "We’re delighted that Mercury Derivatives has put its confidence in us and look forward to a lasting relationship. Our focus from the beginning has been to offer clients not only superior, easy-to-use technology that meets the highest regulatory and firm standards, but also high-touch service they can’t find elsewhere."

Headquartered in Mauritius, the Hertshten Group also has operations in India, Israel, the UK and Canada.

About Eventus Systems

Eventus Systems is a leading global provider of multi-asset class trade surveillance and market risk solutions. Its powerful, award-winning Validus platform is easy to deploy, customize and operate across equities, options, futures, foreign exchange (FX), fixed income and digital asset markets. Validus is proven in the most complex, high-volume and real-time environments of tier-1 banks, broker-dealers, futures commission merchants (FCMs), proprietary trading groups, market centers, buy-side institutions, energy and commodity trading firms, and regulators. The company’s rapidly growing client base of more than 60 firms relies on Validus and Eventus’ responsive support and product development teams to overcome its most pressing regulatory challenges. For more, visit www.eventussystems.com

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Trov Mobility Partners with Zoom EV to Right-Size Coverage For Their New EV Car Share Program

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Trov Mobility's context-based insurance program ensures that vehicles on Zoom EV's car sharing platform are fully covered, cost-effectively reducing risk for owners and renters.

LONDON, Feb. 24, 2021 /PRNewswire/ — Trov (www.trov.com), a global leader in embedded insurance technology, today announces the continuation of the company's expansion in the United Kingdom through a new partnership with Zoom EV (www.zoom-ev.com), a British e-mobility brand with an innovative approach to car sharing.

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Zoom EV's new car share service will allow auto-dealer networks across the U.K. to showcase the benefits of EV ownership while also facilitating the monetisation of idle vehicles. Their technology enables dealerships to offer their inventory to interested, vetted individuals on a variable-term basis.

With the help of Trov's Mobility Insurance Platform powering a bespoke context-based commercial insurance program, managed by UK Insurance Business Solutions under the NIG brand within the Direct Line Group, vehicles on the Zoom EV car share platform are fully covered while in use – reducing the risk for both the dealership and the renter while also providing cost-efficient coverage.

“The team at Zoom EV are experienced, innovative and truly inspiring and we're delighted to match those qualities by developing a unique insurance programme that links the Trov technology with the ZoomEV operational platform. At the same time, it has been a pleasure to support them as they do their part to fight climate change by encouraging EV use and adoption across the nation” comments Ed Axon, Global Head of BD at Trov.

“We're excited to work with Trov to offer insurance to our EV sharing community. By reducing the risk for our users, we're eliminating yet another barrier to entry for EV adoption and taking a step towards a more sustainable future for travel in the UK,” said Greg Fairbotham, CEO & Founder of Zoom EV.

ABOUT TROV:
Trov is a global leader in embedded insurance for digital brands and new mobility services. Its Mobility Insurance Platform combines powerful software with flexible insurance products to solve the complex risk management challenges facing companies in emerging mobility and gig work. In addition to ZoomEV, Trov's customers include global enterprises such as Waymo (an Alphabet Company), PSA NA Car Sharing Solutions, Hyundai, Lloyds Banking Group, Sompo, and Suncorp, amongst many others.

Founded in 2012 by serial tech entrepreneur Scott Walchek, Trov is backed by leading VC's and strategic partners. The company is based in the San Francisco Bay Area and maintains offices in New York and London. For more information, please visit our website.

ABOUT ZOOM EV:
Zoom EV are a leading electric mobility-as-a-service provider in the UK with services that enable customers to get access to the essential services they need to run EVs and save money and enabling the flexible use of electric vehicles via their platform. Zoom EV's customers include Jardine Motors Group, Hendy Group, Lloyds Banking Group, and Cinch amongst others.

Zoom EV was founded by Greg Fairbotham in 2018 to play a leading role in the drive towards electric vehicles and the flexible use of such vehicles. The company also contributes 10% of its profits towards initiatives that remove plastics from our oceans.

For media inquiries please contact Deliberate PR

James Lloyd
[email protected] 

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StarCompliance Named A RegTech100 Company For 2021

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ROCKVILLE, Md., Feb. 24, 2021 /PRNewswire-PRWeb/ –StarCompliance has been named a RegTech100 company for 2021 by specialist research firm RegTech Analyst. The fourth annual RegTech100 list recognizes the top 100 tech companies transforming compliance, risk management, and cybersecurity globally.

StarCompliance develops configurable compliance software for the financial services industry, and supports a global client base across more than 83 countries. Star's employee conflicts of interest monitoring platform is scalable and easy-to-use for employees at all levels of an organization—compliance professionals, employee supervisors, and end users—and helps firms reduce risk, gain efficiencies, and drive compliance program adoption.

“It's great to be recognized for doing what we're passionate about,” said Jennifer Sun, CEO of StarCompliance. “Our vision is clear: we are reputation guardians on a mission to make compliance simple and easy for our clients. We're proud to be named one of the world's most innovative regtech companies, and are honored to have made the RegTech 100 list for 2021.”

The regtech (regulatory technology) industry has experienced enormous growth in the last few years, as banks and financial institutions grapple with the unrelenting pace of regulatory change across all jurisdictions. Over $5bn has been invested in regtech companies so far in 2020, according to data published by RegTech Analyst, as compliance challenges have only increased due to the shift to remote work during COVID-19. As a result, this year's process to identify the top 100 regtech innovation leaders was more competitive than ever. A panel of analysts and industry experts voted from a long list of over 1,000 companies produced by RegTech Analyst. Sixty-two new companies entered the RegTech100 for 2021, and the finalists were recognized for their innovative use of technology to solve a significant industry problem or to generate efficiency improvements across the compliance function.

RegTech Analyst Director of Research Mariyan Dimitrov had this to say about 2021's RegTech100: “Banks and other financial institutions need to be aware of the latest regtech innovation in the market: to avoid emerging compliance risks and stay competitive despite new regulations around customer onboarding and remote communication post COVID-19. The RegTech100 list helps senior management filter through all the vendors in the market by highlighting the leading companies in sectors such as identity verification, risk management, communications monitoring, information security and reporting.” A full list of firms on the 2021 RegTech100 can be found at http://www.RegTech100.com. More detailed information about the companies is available to download for free on the website.

About StarCompliance
StarCompliance is a leading provider of compliance technology solutions. Trusted globally by enterprise financial firms in more than 83 countries—including asset managers, investment banks, broker dealers, PE firms, insurance companies, and stock exchanges—the STAR Platform empowers organizations to achieve regulatory compliance while safeguarding their integrity and business reputations. Through a configurable, 360-degree view of employee activity, STAR software enables firms to automate the detection and resolution of potential areas of conflict while streamlining daily workflows and increasing efficiency. For more information or a free product demo, please visit http://www.starcompliance.com.

About RegTech Analyst
RegTech Analyst is a special version of FinTech Global, focused on regtech, risk management tech, and cybersecurity. RegTech Analyst is the pre-eminent provider of data, research and analysis on the global regtech market. We cover every trend, every investment, and profile every company that provides a technology solution for compliance, risk management, or cybersecurity. We deliver essential intelligence for mission-critical business decisions. For more information, please visit http://www.RegTechAnalyst.com.

Media Contact

Melissa Macatuno Director of Marketing, StarCompliance, +1 (240) 599-1098, [email protected]

Twitter

 

SOURCE StarCompliance

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Surge Copper Intersects 484 Metres of 0.42% CuEq at West Seel, Including 70 Metres of 0.63% CuEq from 46 Metres Depth

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VANCOUVER, BC, Feb. 24, 2021 /PRNewswire/ — Surge Copper Corp. (TSXV: SURG) (“Surge” or the “Company”) is pleased to announce assay results for multiple resource definition and exploration holes from the Company's 100% owned Ootsa Property in British Columbia.

A 15,000-metre drill program is currently underway along the Seel Trend at Ootsa. One drill is focused on testing the expansion and near-deposit exploration potential at the West and East Seel porphyry Cu-Au-Mo-Ag deposits, and the second is testing new exploration targets. Assays for 15 holes are pending and will be released regularly as they are received and interpreted.

Highlights

  • Hole S20-220 successfully traced higher-grade mineralization at West Seel to near-surface, highlighted by 70.0 metres of 0.63% CuEq1 (0.26% copper, 0.26 g/t gold, 0.019% molybdenum, 7.1 g/t silver), starting from 46.0 metres downhole, within a total intercept of 484.0 metres of 0.42% CuEq (0.19% copper, 0.14 g/t gold, 0.018% molybdenum, 3.9 g/t silver)
  • Hole S20-224 intersected 400.0 metres of 0.37% CuEq (0.18% copper, 0.11 g/t gold, 0.018 % molybdenum, 3.3 g/t silver) from 34.0 metres, including 50.0 metres of 0.53% CuEq (0.25% copper, 0.17 g/t gold, 0.018% molybdenum, 6.2 g/t silver) beginning at 102.0 metres downhole depth

Shane Ebert, VP Exploration, commented: “West Seel is known to contain a large high-grade zone at depth, and part of the 2020-2021 field program is aimed at tracing some of this high-grade mineralization nearer to surface. We are very pleased to see multiple holes from this program identifying long intercepts of continuous mineralization starting near bedrock surface, and locally containing higher-grade, near surface zones which are expected to enhance open pit characteristics of the deposit.

Holes S20-220 and S20-224

Hole S20-220 was drilled at the West Seel deposit at an azimuth of 208 degrees and a dip of -50 degrees to a total depth of 1,069.6 metres. Hole S20-224 was drilled on the same section as S20-220 at an azimuth of 24 degrees and a dip of -50 degrees to a total depth of 779 metres. Both holes have successfully encountered long intercepts of mineralization and have locally extended high grades to near bedrock surface. Assay results for holes S20-220 and S20-224 are tabulated below.

Summary of Assay Results for Holes S20-220 and S20-224

Drill Hole

From (m)

To (m)

Width (m)1

CuEq (%)2

Cu (%)

Au (g/t)

Mo (%)

Ag (g/t)

S20-220

46.0

530.0

484.0

0.42

0.19

0.14

0.018

3.9

including

46.0

116.0

70.0

0.63

0.26

0.26

0.019

7.1

including

452.0

530.0

78.0

0.62

0.27

0.20

0.039

3.5

S20-224

34.0

434.0

400.0

0.37

0.18

0.11

0.018

3.3

including

102.0

152.0

50.0

0.53

0.25

0.17

0.018

6.2

including

298.0

330.0

32.0

0.60

0.30

0.19

0.27

3.6

1.

Width refers to drill hole intercepts; true widths have not been determined.

2.

CuEq (copper equivalent) has been used to express the combined value of copper, gold, molybdenum, and silver as a percentage of copper, and is provided for illustrative purposes only. No allowances have been made for recovery losses that may occur should mining eventually result. Calculations use metal prices of US$3.00/lb copper, US$1,800/oz gold, US$10/lb molybdenum, and US$22/oz silver, using the formula CuEq % = Cu % + (Au g/t x 0.875) + (Mo % x 3.33) + (Ag g/t x 0.0107).

 

Figure 1. Mineralized drill core from hole S20-220. Left: moderate biotite hornfels cut by stockwork quartz-chalcopyrite-molybdenite veins. Right: molybdenite rich quartz veins with bleached sericite altered halos cutting maroon biotite hornfels.

 

Figure 2. West Seel Long Section showing results for Holes S20-220, S20-224, and the previously released S20-219 (see Surge’s December 14, 2020 news release).

Hole S20-218

Hole S20-218 was drilled into the East Seel deposit. Results for the upper portion of the hole have been previously released (see Surge's November 26, 2020 news release) and returned 126 metres grading 0.89% copper equivalent (0.43% copper, 0.5 g/t gold). The hole targeted a prominent chargeability and resistivity geophysical anomaly located on the east side of the East Seel deposit and successfully intersected strong alteration with zones of quartz-pyrite veining and breccias through the target area. Assays for the bottom portion of the hole from 230.0 metres to the end of the hole at 584.8 metres depth have been received and are presented here. The bottom portion of the hole contained widespread anomalous gold from 312.0 metres to 466.0 metres depth, ranging from below detection (<0.005 g/t gold) to 1.13 g/t gold, averaging 0.11 g/t gold over 154.0 metres. Zones of stronger gold mineralization occur within this interval including 0.48 g/t gold over 14.0 metres from 382.0 to 396.0 metres depth. This large zone with elevated gold values represents a new and promising peripheral gold target on the edge of the East Seel porphyry system.

Summary of Assay Results for the Lower Portion of Holes S20-218

Drill Hole

From (m)

To (m)

Width (m)1

Au (g/t)

Ag (g/t)

S20-220

46.0

530.0

484.0

0.14

3.9

including

46.0

116.0

70.0

0.26

7.1

including

452.0

530.0

78.0

0.20

3.5

S20-224

34.0

434.0

400.0

0.11

3.3

including

102.0

152.0

50.0

0.17

6.2

including

298.0

330.0

32.0

0.19

3.6

1.    Width refers to drill hole intercepts; true widths have not been determined.

 

Figure 3. Core from Hole S20-218 around 392 metres depth. Pyrite rich veins and breccias associated with quartz, white clay, and containing low-grade gold mineralization.

Hole S20-221

Hole S20-221 was drilled at the East Target and tested a portion of a geophysical anomaly located 800 metres northeast of the East Seel deposit. Hole S20-221 was drilled at an azimuth of 90 degrees and a dip of -60 degrees to a total depth of 576 metres. The hole intersected 90 metres of overburden before encountering bedrock and did not test the high-grade West Damascus Fault target. The hole did not encounter any intervals of significant mineralization but did intersect several zones with elevated gold, silver, copper, and zinc. From the start of bedrock at 90 metres to 150 metres depth the hole encountered a zone of clay and pyrite alteration containing anomalous gold ranging from below detection (<5 ppb gold) to 0.16 g/t gold. Within the hole silver values ranged from below detection (0.3 g/t silver) to 30.1 g/t silver, copper values ranged from trace to 0.18% copper, and zinc ranged from trace to 0.55% zinc.

Drill Program Update

Two drill rigs are active on the property, 20 holes have been completed, and two holes are currently in progress. Results for five holes have been received and released. A further 15 holes have been completed, processed, and submitted to the lab for assay with results pending. Figure 4 shows the locations of the 2020-2021 drill holes.

Figure 4. Plan map of drill hole locations for ongoing drill program at Ootsa.

Quality Control

All drill core is logged, photographed, and cut in half with a diamond saw. Half of the core is bagged and sent to Activation Laboratories Ltd. in Kamloops British Columbia for analysis (which is ISO/IEC 17025 accredited), while the other half is archived and stored on site for verification and reference purposes. Gold is assayed using a 30g fire assay method and 37 additional elements are analyzed by Induced Coupled Plasma (ICP) utilizing a 4-acid digestion. Duplicate samples, blanks, and certified standards are included with every sample batch and then checked to ensure proper quality assurance and quality control.

Qualified Person

Dr. Shane Ebert P.Geo., is the Qualified Person for the Ootsa project as defined by National Instrument 43-101 and has approved the technical disclosure contained in this news release.

About Surge Copper Corp.

The Company owns a 100% interest in the Ootsa Property, an advanced stage exploration project containing the East Seel, West Seel and Ox porphyry deposits located adjacent to the open pit Huckleberry Copper Mine, owned by Imperial Metals. The Ootsa Property contains pit constrained NI 43-101 compliant resources of copper, gold, molybdenum and silver in the Measured and Indicated categories. There are 2 drills working at the project with drilling focused on defining the extent of the large West Seel deposit and testing new targets along the Seel Trend.

The Company is also earning into a 70% interest in the Berg Property from Centerra Gold. Berg is a large, advanced stage exploration project located 28 km northwest of the Ootsa deposits. Berg contains a large copper-molybdenum-silver mineralized zone with historical resources. Combined, the adjacent Ootsa and Berg properties give Surge a dominant land position in the Ootsa-Huckleberry-Berg district and control over four advanced porphyry deposits.

On Behalf of the Board of Directors

Leif Nilsson
Chief Executive Officer

For Further information, please contact:
Telephone: +1 604 416 2978 or +1 604 558 5847
[email protected]  
http://www.surgecopper.com  

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This News Release contains forward-looking statements, which relate to future events. In some cases, you can identify forward-looking statements by terminology such as “will”, “may”, “should”, “expects”, “plans”, or “anticipates” or the negative of these terms or other comparable terminology. All statements included herein, other than statements of historical fact, are forward looking statements, including but not limited to the Company's plans regarding the Berg Property and the Ootsa Property.  These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking-statements. Such uncertainties and risks may include, among others, actual results of the Company's exploration activities being different than those expected by management, delays in obtaining or failure to obtain required government or other regulatory approvals or financing, inability to procure equipment and supplies in sufficient quantities and on a timely basis, equipment breakdown and bad weather. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect the Company's current judgment regarding the direction of its business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggestions herein. Except as required by applicable law, the Company does not intend to update any forward-looking statements to conform these statements to actual results.

1)

Copper equivalent (“CuEq”) has been used to express the combined, gross in-situ content of copper, gold, molybdenum, and silver with no adjustments made for recovery. It is provided for illustrative purposes only and is calculated using the following pricing assumptions: US$3.00/lb copper, US$1,800/oz gold, US$10/lb molybdenum, and US$22/oz silver.

 

Surge Copper Corp.

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