Daily Archives: June 26, 2018

Yusen Logistics Selects Integration Point for Global Trade Management

CHARLOTTE, N.C., June 26, 2018 (GLOBE NEWSWIRE) — Integration Point, a leading provider of Global Trade Management (GTM) solutions, announced today that Yusen Logistics, a worldwide provider of transportation and logistics services, has chosen Integration Point for a range of GTM solutions.

Companies need complete and accurate trade data to make the most strategic and informed decisions for their supply chain. This is especially true in the trade environment today where import tariffs are on the rise and regulations are constantly evolving.

Yusen Logistics is implementing the Integration Point Global Trade Content solution, which provides up-to-date trade data for 206 countries and territories around the world. The 3PL plans to leverage this trade data throughout several Integration Point solutions. Along with automating their export screening process, Yusen Logistics is employing an array of analytical solutions to evaluate duty and tax strategies as well as potential trade lanes for import and export.

“We believe Integration Point can bring our GTM solutions to the next level, enabling our customers to make faster and better decisions, realize cost savings, and expedite supply chain processes,” said Haruo Shimamura, Deputy General Manager of Supply Chain Solutions at Yusen Logistics.

“We are very excited to see the continued adoption of Integration Point GTM solutions in the Asia-Pacific region,” said Steve Tian, Director of Global Solutions at Integration Point. “For companies facing this region’s unique compliance requirements, it’s essential to choose a provider with Asia-Pacific expertise.”

About Yusen Logistics

Yusen Logistics is a supply chain logistics company that provides ocean and air freight forwarding, warehousing and distribution services, and supply chain management globally.

Yusen Logistics operates more than 550 distribution centers in 44 countries and regions. More than 24,000 employees provide optimal solutions to meet the needs of increasingly diverse and sophisticated customers.

About Integration Point

Integration Point offers the most comprehensive suite of global trade management (GTM) products encompassing all industries, geographies, and trade programs. By delivering visibility and localized knowledge for 206 countries and territories on a single web-based platform, Integration Point enables companies to achieve global compliance while maximizing supply chain savings. Integration Point provides solutions for import/export management, product classification, free trade agreement qualification, export screening, drawback, foreign-trade zones, supply chain security, and post-entry validation. www.IntegrationPoint.com

Contact:
London Snuggs
London.Snuggs@IntegrationPoint.com

Autolus Announces Closing of Initial Public Offering and Full Exercise of Underwriters’ Option to Purchase Additional American Depositary Shares

Autolus Announces Closing of Initial Public Offering and Full Exercise of Underwriters’ Option to Purchase Additional American Depositary Shares

LONDON – 26 June 2018 – Autolus Therapeutics plc (“Autolus”) (NASDAQ: AUTL), a clinical-stage biopharmaceutical company developing next-generation programmed T cell therapies, today announced the closing of its previously announced initial public offering in the United States of 10,147,059 American Depositary Shares (“ADSs”), representing 10,147,059 ordinary shares, at an initial public offering price of $17.00 per ADS, which includes an additional 1,323,529 ADSs issued upon the exercise in full by the underwriters of their option to purchase additional ADSs. Aggregate net proceeds to Autolus, after underwriting discounts but before estimated offering expenses, were $160.4 million. All of the ADSs were offered by Autolus.

Goldman Sachs & Co. LLC and Jefferies LLC acted as joint book-running managers for the offering. Wells Fargo Securities, LLC and William Blair & Company, L.L.C. acted as lead managers.

The offering was made only by means of a prospectus. The final prospectus related to the offering was filed with the U.S. Securities and Exchange Commission (the “SEC”).  Copies of the final prospectus can be obtained from either of the joint book-running managers for the offering, Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, or by telephone at +1 866 471 2526 or by email at prospectusgroup-ny@ny.email.gs.com; or Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, by email at Prospectus_Department@Jefferies.com or by telephone at + 1 877 821 7388. For the avoidance of doubt, such prospectus will not constitute a “prospectus” for the purposes of Directive 2003/71/EC (and amendments thereto, including Directive 2010/73/EU, to the extent implemented in each relevant EU member state) and will not have been reviewed by any competent authority in any EU member state.

A registration statement relating to these securities has been filed with, and declared effective by, the SEC. The registration statement can be accessed through the SEC’s website at www.sec.gov. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

Investor Contact:

S.A. Noonan Communications, LLC
Susan A Noonan
+1 212 966 3650
susan@sanoonan.com

Media Contact:

JW Communications
Julia Wilson
+44 (0)7818 430877
juliawilsonuk@gmail.com

About Autolus

Autolus is a clinical-stage biopharmaceutical company developing next-generation, programmed T cell therapies for the treatment of cancer. Using a broad suite of proprietary and modular T cell programming technologies, the company is engineering precisely targeted, controlled and highly active T cell therapies that are designed to better recognise cancer cells, break down their defence mechanisms and eliminate these cells. Autolus has a pipeline of product candidates in development for the treatment of haematological malignancies and solid tumours.

Nasdaq Commodities to Launch European Spot Market

STOCKHOLM, Sweden, June 26, 2018 (GLOBE NEWSWIRE) — Nasdaq (Nasdaq:NDAQ) Commodities today announced a plan to offer Day Ahead Auction Markets for Electricity in Germany, France and the Nordics alongside the existing Power Futures contracts.

The implementation of Capacity Allocation & Congestion Management (CACM) aims at promoting effective competition in the generation, trading and supply of electricity. By combining Auction and Futures markets on a consolidated platform, Nasdaq is aiming for increased customer benefits with lower fees and higher market efficiency.

“The new regulatory landscape is creating an opportunity to provide a brand new model for power exchanges in Europe,” says Catharina Hovemyr, Head of European Commodities at Nasdaq. “CACM permits us to compete on a shared orderbook basis on former monopoly markets. With Nasdaq’s long experience in energy trading and supported by the same technology that powers more than 100 marketplaces around the globe, we believe we will be able to provide a superior customer experience and strengthen our overall European energy presence.”

Nasdaq has filed an application with the Swedish Energy Markets Inspectorate (Energimarknadsinspektionen), and pending regulatory approvals and the implementation of NEMO arrangements, the new market is planned to launch some time during the first half of 2019.

In addition to power, Nasdaq Commodities’ worldwide offering includes gas, renewables, freight, ferrous and other clearing services.

About Nasdaq:
Nasdaq (Nasdaq:NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers 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 90 marketplaces in 50 countries, and 1 in 10 of the world’s securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $13 trillion.

To learn more, visit: http://business.nasdaq.com

Media Relations Contact:

David Augustsson

+46734496135

david.augustsson@nasdaq.com

Nasdaq and Celent Publish Global C-Suite Study on Capital Markets Infrastructure Technology

Report explores C-Suite mindset on R&D, adoption of new business models and technology spend

NEW YORK and STOCKHOLM, Sweden, June 26, 2018 (GLOBE NEWSWIRE) — During its biennial Technology of the Future conference in Stockholm, Nasdaq Inc. (Nasdaq:NDAQ), in collaboration with Celent, today revealed the results of a new study of market infrastructure (MI) senior technology and strategy officers that uncovered three important trends: the factors that are driving changes in market infrastructure, how MIs are using technology to support business strategies and how technology spend is evolving.

The report was conducted through in-depth discussions with C-suite executives (including CEOs, COOs, CTOs, CIOs and Heads of Strategy) representing 20 different MI organizations across North America, Europe, Middle East, Asia, and Latin America.

“As market infrastructure operators, our economies are reliant on us to provide a seamless ability for buyers and sellers to come together in a fair environment, find the right price, and trade instantaneously. Technology is the lynchpin of this ecosystem,” said Brad Peterson, Chief Technology & Chief Information Officer, Nasdaq. “Our study has shown that nearly all executives interviewed worldwide are looking across borders and embracing the global interconnectedness of our markets. They are tapping technologies such as cloud, APIs, and machine intelligence, while also recognizing the inflexibility and limitations of legacy systems in achieving goals around business expansion and technology scalability. We believe this is a welcomed step in the right direction for the health and longevity of our economies.”

“The market infrastructure providers that will stay relevant in the digital age must be agile and flexible players that are not afraid of change,” said Josephine de Chazournes, Senior Analyst at Celent and co-author of the report. “They have to be able to reinvent themselves in adjacent businesses, and grasp opportunities even if they are not in their DNA.”

“The promised land of digitized capital markets infrastructure does not come without new risks – cyber risk is already a big concern, while money laundering, fraud, and market abuse risks are growing,” said Arin Ray, Senior Analyst at Celent and co-author of the report. “It will take industry wide efforts to mitigate the risks.”

The key takeaways from the study include:

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/89d2c87d-0428-4c8a-94a9-e5d4c278069b

  • Technology is playing an increasingly important role in supporting growth plans. From 10% to 50% of MIs’ technology budgets is spent to change the legacy technology and innovating vs. 90% to 50% for the maintenance of systems. The bigger the player the more already amortized are the maintenance costs and thus the split tends to be closer to 50%-50%. 
  • Data and analytics are becoming major revenue drivers, and all MIs surveyed are transforming data management practices with plans to offer new data solutions and delivery options such as data-as-a-service. The next goal is to develop advanced analytical tools with AI and machine learning (ML) to create new solutions for investment decision support, risk management and compliance.
  • There is tremendous interest in adopting new technology such as cloud, artificial intelligence (AI), machine learning (ML), and distributed ledger technology (DLT) because they can help develop innovative solutions, new business models, and contribute to significant operational improvements. New solutions are being developed with of one the new technologies (open architecture, cloud enabled, and/or application programming interfaces (APIs)), or at least with provisions to easily incorporate them in the future by 95% of market infrastructures surveyed.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/ab9b7f2f-093c-481b-b2cb-3c87c489d597

  • Cloud adoption is becoming mainstream for all participants in our discussion except only one, with 40% already using cloud in some (non-core) functions, and an additional 45% working on pilots. Many large players are finalizing their cloud partners and strategies, and smaller players expect their vendors to deliver the promises of cloud to them. Data privacy and sovereignty issues are a challenge for some players, and clearer regulations and industry standards will be needed for expediting cloud adoption for production data.
  • Artificial intelligence is gaining prominence with leading MIs developing advanced analytical offerings with AI and ML and leveraging the cloud. It is also being used in operations, especially in risk management for surveillance, fraud, and cyber-risk monitoring. Data management and model governance issues can be challenging for some MIs in adopting AI, and many are using AI-enabled solutions from leading international vendors. In the study, 35% of all institutions mentioned they are already using AI, and an equal share working on pilots. On the other hand, robotic process automation (RPA), which is a simpler and more cost-effective technology to automate manual processes, is widely used, and its adoption is growing – 70% of discussion participants mentioned they are already using RPA.
  • Distributed ledger technology promises to be transformative, especially in post-trade market infrastructure, and almost all players are involved in DLT development projects through partnerships, joint ventures, and industry consortia. Numerous use cases of DLT are emerging in peripheral functions. Because it is still a new and complex technology, not every MI is able to experiment with it individually, but 70% of MIs in the study sample are involved in accelerators, pilots, or industry consortia.
  • Market infrastructure players are increasingly looking for third party solutions because they are cost effective, and compliant with the latest standards and regulations. In core MI functions, there is growing preference to buy and customize third party solutions instead of reinventing the wheel.
  • Cyber-risk is the biggest concern for market infrastructure providers. Indeed all the respondents cited it as such. As MIs engage more with third party providers and fintech startups, everyone in the ecosystem must improve their cyber-security measures, because the system is only as strong as its weakest link. Despite growing recognition of the risks, few are taking concrete steps to address them. It will take industry-wide efforts to overcome these challenges because the new risks will be hard to mitigate by acting in isolation.

To download a copy of the study, please visit here.

About Nasdaq

Nasdaq (Nasdaq:NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers 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 90 marketplaces in 50 countries, and 1 in 10 of the world’s securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $13 trillion.

About Celent

Celent is a research, advisory, and consulting firm focused on financial services technology. We help our Clients make better decisions about technology. Celent publishes research identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally-based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a division of the Oliver Wyman Group, which is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE:MMC). ​​​​​

For Media Inquiries:

Nasdaq
Ryan Wells
ryan.wells@nasdaq.com
Direct: +44 (0) 20 3753 2231
Mobile: +44 (0) 7809 596 390