This partnership combines Trumid’s cutting-edge technology and fixed income expertise, SGX’s deep experience in Asian financial market infrastructure and electronic trading, and Hillhouse’s expertise and network in Asia and the financial services sector.

XinTru will launch and operate Trumid XT, an electronic bond trading platform powered by advanced technology and rich analytics. With an emphasis on domain-focused and intuitive product design, the platform will seamlessly fit into traders’ workflows. Trumid XT will connect the commercial footprint and liquidity from SGX’s Bond Pro and Trumid’s Market Center in the United States (US), to provide a robust network for trading of Asian fixed income.

Trumid XT will enhance international access to Asian bond markets, while also facilitating Asian investor participation in US and global emerging market credit. Asia’s fixed income market continues to expand on the back of economic growth and low interest rates, which have driven increases in corporate bond issuance and inflows to Asia-focused funds.

Trumid has established a leadership position in electronic bond trading innovation since the company’s launch in 2015. Its bond trading and market intelligence platform in the US features unique trading protocols and a broad network of over 535 buy and sell side institutions. Trumid experienced exceptional growth in 2020, with trade volumes growing 374% year-over-year. The company differentiates itself through nimble technology and product expertise, with rapid technology release cycles to meet its clients’ needs.

As Asia’s leading international fixed income marketplace, SGX is Asia’s most global bond venue with over 40% of Asia Pacific’s G3 currency issuances listed on the exchange. To date, SGX has listed over 6,600 listed securities by more than 1,600 issuers from 66 countries, with amounts issued of over US$2.2 trillion in 26 currencies. With Trumid XT’s launch, SGX Bond Pro’s diverse client base across Asia Pacific, UK, Europe and the Middle East will be able to connect seamlessly on one platform. Since its 2015 launch, SGX Bond Pro has built a diverse participant base that includes global and regional dealers, bank treasuries, wealth and asset managers, family offices and hedge funds.

XinTru’s independent management team includes Chief Revenue Officer Ben Falloon who brings 20 years of Asia fixed income experience and relationships, and Chief Operating Officer Mark Leahy who has significant experience building and operating capital markets businesses in the region.

Strategic Partnership To Elevate Bond Trading in Asia:

SGX first invested in Trumid back in 2018 and subsequently joined Hillhouse Capital in another round of investment in 2019 when Hillhouse Capital took a minority stake in Trumid.

Loh Boon Chye, Chief Executive Officer of SGX said, “Our early investment in Trumid paved the way for this deeper collaboration to advance the overall bond market infrastructure in Asia. Leveraging our Asian network and our Bond Pro business, we are excited to partner with Trumid and Hillhouse to accelerate the digitalisation and realise the full potential of Asia’s bond trading markets. XinTru brings together the unique characteristics of the partners in a joint venture where the sum is much greater than the parts.”

“Our upcoming platform, Trumid XT, is the missing link between Asian and US markets and will connect their respective liquidity pools in a transparent and efficient manner. Offering solutions that support the existing dealer-to-client market structure as well as investor-to-investor, Trumid XT will create network effects that can unlock significant opportunities in Asian bond trading markets for our clients.”

Mike Sobel, President of Trumid, said, “Our US experience demonstrates that built-for-purpose technology and workflow tools can transform the bond trading experience. Our US clients are excited to introduce their colleagues in Asia to the Trumid XT platform. With our partners, we look forward to adding value for our global client base and driving growth of electronic bond trading in Asia.”

Lei Zhang, Founder and Chief Investment Officer of Hillhouse, said, “We believe that Asian bond markets are ready for the next level of growth. Given Trumid’s success in developing a state-of-the-art bond trading platform in the US, together with SGX’s fixed income experience in Asia as well as Hillhouse’s network and operational expertise, Trumid XT promises to be an outstanding Asian corporate bond trading platform for the world.”

About Trumid

Trumid is a financial technology company bringing efficiency to credit trading through data, technology and innovative products. Trumid Market Center, the company’s electronic trading platform, provides corporate bond market professionals with direct access to liquidity and market intelligence. Trumid’s products leverage the network effect and data science to empower all credit market participants to make more informed decisions. Trumid was founded in 2014 by credit professionals with over 100 years of combined trading experience and is headquartered in New York City. Learn more at: http://www.trumid.com

About Singapore Exchange

Singapore Exchange is Asia’s leading and trusted market infrastructure, operating equity, fixed income and derivatives markets to the highest regulatory standards. It also operates Asia’s only multi-partner, multi-asset exchange-led sustainability platform (sgx.com/first).

As Asia’s most international, multi-asset exchange, SGX provides listing, trading, clearing, settlement, depository and data services, with about 40% of listed companies and over 80% of listed bonds originating outside of Singapore. SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN and offers commodities and currency derivatives products. Headquartered in AAA-rated Singapore, SGX is globally recognised for its risk management and clearing capabilities. For more information, please visit http://www.sgx.com.

About Hillhouse

Founded in 2005, Hillhouse Capital is a global firm of investment professionals and operating executives who are focused on building and investing in high quality business franchises that achieve sustainable growth. Independent proprietary research and industry expertise, in conjunction with world-class operating and management capabilities, are key to Hillhouse Capital’s investment approach. Hillhouse Capital partners with exceptional entrepreneurs and management teams to create value, often with a focus on enacting innovation and technological transformation. Hillhouse Capital invests in the healthcare, consumer, TMT, advanced manufcturing, financial and business services sectors in companies across all equity stages. Hillhouse Capital and its group members manage assets on behalf of global instituional clients.

The press release SGX, Trumid and Hillhouse Capital form joint venture to launch new Asian bond trading platform comes from Xinwengao.com press release distribution and journalist media database service in China.

Mr Francis Ong, Chairman of SmooveX, commented, “We are delighted to welcome Mr. Goh, Mr. Low and Mr. Sia to our team. We are confident that the gentlemen’s extensive experience in various fields will help strengthen our core competencies and internal capabilities, and prepare the Company for our next stage of growth.”

Mr. Goh Eng Kiat is the Chief Business Development Officer of SMRT and oversees its international business and business development. He is a Director on the Board of Shenzhen Zona Transportation Group Co. Ltd. Before joining SMRT, Mr. Goh was Executive Director of MSIG Holdings (Asia) Pte Ltd for 9 years and also served on the Board of Sinatay China Life Insurance from 2010 to 2012. Mr. Goh has diverse experience in business development, merger and acquisition, branding, corporate communications, risk management and compliance. Prior to that, he was with Aviva Asia as their Executive Director and has also held various senior positions in Western Digital and Seagate.

Mr. Roch Low possesses more than 35 years of professional experience in a variety of different industries with companies from early start-up phase to maturity stage. He is currently the Co-founder and Managing Director at iDealZ International and Independent Director at China T-Union International Pte Ltd. Mr. Low was previously the CFO of Consistel, Lotus Investment Fund, Behringer Group, and BIL International (listed in SGX and NZSX), as well as senior positions with Thinnovate, Eaton, Hay Management Consulting, Serono, Kone, Sedco and KPMG. He also spends time contributing back to his alma mater National University of Singapore as Vice President of the Board of the NUS Business School Alumni Association.

Mr. Beni Sia has over 20 years of experience in sales and marketing functions across commercial, telecommunications and enterprise sectors in the IT industry, holding regional roles and managing direct, indirect and channel teams. He is currently the Vice President, Southeast Asia and Korea with Veeam, the global leader in backup solutions that deliver Cloud Data Management. Mr. Sia has also held various senior positions in ServiceSource, Broadcom, Brocade, Juniper, Datacraft and Cabletron Systems with regional responsibilities in Asia Pacific.

“I have seen the growth of Smoove Xperience from conceptualisation to actual commercialisation of the platform in a few short months,” said Mr. Goh Eng Kiat. “I am deeply impressed by the team’s vision and ability to plan and execute, especially during these challenging times of COVID-19. So I am pleasantly surprised and deeply honoured to be invited to join the Board. I have no doubt Smoove Xperience is well placed to take advantage of the existing fragmented travel markets between China and Southeast Asia, and build the next unicorn from Singapore.”

About Smoove Xperience:

Smoove Xperience Pte Ltd is a deep-tech company focused on the travel industry in China and Southeast Asia. Smoove Xperience helps tourists plan and manage their travel for memorable experiences through curated travel guides and user-generated content, itinerary planning tools and local deals and promotions via its AI-powered digital e-companion mobile app. The Company is a member of the Transit Protocol Holdings group of companies, a mobility service platform headquartered in Singapore, with software R&D centres in Wuhan, Moscow and Bali, as well as a Chinese content production team in Changchun. Transit Protocol Holdings is founded by a group of experienced entrepreneurs with over 80 years of experience managing high-tech businesses in Asia Pacific.

For all corporate communications and partnership opportunities, please email us at: corp@smoovex.net

The press release Smoove Xperience Announces Appointment of New Board of Directors comes from Xinwengao.com press release distribution and journalist media database service in China.

Singapore, May 23, 2020 /Xinwengao.com/ - Over the past four weeks, online postings about “N95” masks in Singapore have more than quintupled from the previous month. In the same way that the COVID-19 pandemic has spread around the world, news about the virus has traveled just as fast and at even higher volumes. Dataxet’s free news tracking tool at www.TrackCov.id creates easy-to-use news maps to quantify this avalanche of news created by journalists, bloggers, and online commentators and brings relevant data across a range of Coronavirus-related topics.

The TrackCov.id website launched last month as a free tool for anybody to track the trending COVID-19 topics across Asia. With the language additions of Simplified Chinese and Bahasa Indonesia, Dataxet’s tool is now expanding its scope of providing highly relevant information.

The tool contains hundreds of news articles updated each hour from thousands of online datapoints, timely global health statistics aggregated by the European Centre for Disease Prevention and Control, and immediately usable graphs and charts showcasing the data volume across topics and regions in Asia.

“TrackCov.id is updated continuously with relevant Bahasa, Chinese, and English data analyzed from thousands of data sources,” says Jason Lee, managing director at Dataxet. “Not only does this free tool showcase some of Dataxet’s data monitoring capabilities, it also provides back to the community a bit of the metrics within our data vault. We plan to continue to provide this free tool so long as it is necessary for the public to remain aware of the latest COVID-19 news.”

Dataxet has partnered with Jakarta-based Sonar Platform to help monitor the Bahasa Indonesia coverage, and with Hong Kong-based ChinaPulse.com for Chinese news monitoring. For more information about TrackCov.id, please visit www.TrackCov.id

About Dataxet
Dataxet Pte Ltd is an integrated media monitoring and data intelligence network operating in Asia Pacific. Our technology and services help organisations make sense of their data by sourcing and analysing a spectrum of relevant datasets, including social media, online news, print media, e-commerce information, and internal company metrics. Utilising cutting edge technology, our talented team of professionals deliver accurate, applicable and actionable data insights. For more information, visit www.dataxet.net.

The press release Dataxet Unveils Enhanced Features In COVID-19 News Tracking Tool at TrackCov.id comes from Xinwengao.com press release distribution and journalist media database service in China.

Singapore, September 21, 2016 /Xinwengao.com/ - Cloud Expo Asia is the very best place to discover the industry’s newest and upcoming technologies and business solutions.

Join us this 12-13 October at Marina Bay Sands, Singapore for Asia’s largest cloud event for business and get access to the world’s best cloud expertise, a world-class conference programme and a host of exciting event features:

Make plans to source from 300 leading cloud providers and solution leaders including Dell, Huawei, BT Global, IBM, Red Hat, Digital Realty, CenturyLink, StarHub, IMIT Advisory, Intel, Ericsson and many more. Be inspired by some 300 prominent industry experts from blue-chip companies, leading organisations, service providers and innovative SMEs including Standard Chartered Bank, INTERPOL, Yahoo!, Jones Lang LaSalle, PT. Bank Commonwealth, Lonely Planet, Eltek ASA and many more – all speaking in a compelling conference and seminar programme, which covers all the major technology and business issues.

You will be able to network with thousands of your peers, industry visionaries, leaders and people who have faced – and overcome – the same challenges as you.

Benefit from our brand new feature – Smart IoT Singapore, a platform for practitioners to explore this exciting new area of innovation. And visit our industry-leading sister events for free on the same ticket access– Data Centre World, and brand new launch event Cloud Security Expo, covering the critical issues of keeping cloud safe and secure. 

Come and join the senior IT decision makers from enterprises, public sector, SMBs and service providers making both cloud investment and strategy decisions and developing and executing specific technology projects.

Register now for your FREE ticket: www.cloudexpoasia.com/FREE

The press release 300 Leading Cloud Providers And Solution Leaders Present World-Class Solutions In Asia comes from Xinwengao.com press release distribution and journalist media database service in China.

Shanghai, China, January 11, 2016 /Xinwengao.com/ - – GuocoLand Limited (“GuocoLand”) has signed a landmark deal with AccorHotels for the management of the Group’s two new-built hotels at Tanjong Pagar Centre, Singapore and Damansara City, Kuala Lumpur, Malaysia. The Sofitel Singapore City Centre and the Sofitel Kuala Lumpur Damansara, adds a total of 534 rooms to the AccorHotel’s luxury brand portfolio.

“Our upcoming world-class mixed use developments in Singapore and Kuala Lumpur are set to bring modern, liveable spaces to the heart of the business districts in both cities. GuocoLand is pleased to appoint AccorHotels as the hotel manager for both properties as we see strong synergies with the Sofitel luxury brand and services that will cater to the differing needs and demands of our office tenants, residents, visitors and guests,” said Mr Raymond Choong, President and CEO of GuocoLand Group.” The hotels’ business and dining facilities will be easily accessible to office tenants and residents within both developments, providing them with quality working and living experiences in a cosmopolitan setting.”

“We are very excited that GuocoLand has entrusted us to manage these two flagship hotels under our luxury Sofitel brand in what will be very prestigious lifestyle and business hubs,” said Michael Issenberg, Chairman and CEO AccorHotels Asia Pacific. “These two new hotels are set to become icons in their respective cities, being at the centrepiece of landmark developments that will reinvent urban living in two of Asia’s most dynamic destinations.”

The 222-room Sofitel Singapore City Centre will be part of the upcoming multi-billion dollar Tanjong Pagar Centre, which will redefine mixed use developments in Singapore. Located between historic Chinatown and the vibrant CBD, Tanjong Pagar Centre will feature Singapore’s tallest building at 290 metres, a prestigious residential and office tower, premier retail and event spaces and luxury Sofitel hotel, all set around beautifully landscaped parklands and with direct MRT station access.

Guests at Sofitel Singapore City Centre will appreciate the unique, state-of-the-art equipment and programmes offered at the Virgin Active gym, as well as a host of health and fitness-related public activities and events at Tanjong Pagar Centre’s Urban Park which can accommodate up to 2,000 people. The 150,000 sq ft Urban Park will be an ideal location to host public fitness events, such as Zumba and yoga, for the broader community, including hotel guests. Positioned as an ‘Integrated Vertical City,’ Tanjong Pagar Centre will provide a holistic, end-to-end hospitality service for hotel guests.
The Sofitel Singapore City Centre will offer guests the finest luxury accommodations complete with outdoor pool, a plush executive lounge with stunning city views, a 620 sqm ballroom and eight meeting rooms plus world-class restaurant and bars. Surrounded by a wide array of dining and entertainment options, the Sofitel will be exceptionally positioned to take advantage of strong corporate and leisure demand.

In neighbouring Malaysia, the 312-room Sofitel Kuala Lumpur Damansara is also an integral part of a new 8.5 acre integrated development in the upmarket Damansara Heights enclave called Damansara City which will feature two Grade A office towers, two luxury high-rise residences, and an F&B-centric lifestyle mall in addition to the luxury hotel.

The Sofitel will be the first internationally branded luxury hotel in the area and is part of the prime and exclusive Damansara Heights precinct, which boasts close proximity to KL Sentral transportation hub, as well as established townships like Bangsar and Petaling Jaya. The hotel – and indeed the whole precinct – will target corporate clients in the surrounding area, leisure travellers and the MICE market, with Damansara Heights having a reputation as a choice destination for some of Malaysia’s most elite and influential people thanks to its unparalleled value, heritage and distinction. A new MRT station next to the Damansara City development will provide high connectivity to the rest of Kuala Lumpur and Klang Valley.

The Sofitel will feature a lobby lounge, deli, three restaurants and bars, a Club Millesime executive lounge on the 22nd floor, a So Spa, So Fit gym and outdoor swimming pool complete with pool bar. There will also be outstanding meeting facilities including an 840sqm ballroom and five meeting rooms.

The announcement of these new flagship Sofitels comes as the brand is undergoing a renaissance to better meet the needs of today’s luxury guests. Sofitel hotels provide authentic luxury, where innate French elegance artfully blends with local culture to create exceptional experiences.

-END-

About GuocoLand Limited
GuocoLand Limited (“GuocoLand”) is a public company listed on the Singapore Exchange since 1978. The principal business activities of its subsidiaries are property development, property investment, hotel operations and property management.

GuocoLand and its subsidiaries (“Group”) have established property operations in their geographical markets of Singapore, China, Malaysia and Vietnam, comprising residential, hospitality, commercial and retail developments. As a premier regional property company, GuocoLand is focused on achieving scalability, sustainability and growth in its core markets through its property development, investment and management businesses.

The parent company of GuocoLand is Guoco Group Limited, a company listed on the Main Board of The Stock Exchange of Hong Kong Limited. Guoco Group Limited is a member of the Hong Leong group of companies.

About AccorHotels
AccorHotels is a Group united by a shared passion for hospitality and driven by a shared promise to make everyone Feel Welcome.
Over 180,000 women and men in almost 3,800 AccorHotels establishments look after thousands of guests every day in 92 countries.

The press release Guocoland Signs Landmark Deal With Accorhotels For New-Built Sofitels In Singapore And Kuala Lumpur comes from Xinwengao.com press release distribution and journalist media database service in China.