I just love this constant expansion of ZIASUN :
SOLANA BEACH, Calif., Oct. 12 /PRNewswire/ -- ZiaSun Technologies Inc. (OTC Bulletin
Board: ZSUN) (www.ziasun.com) today announced the launch of SwiftradeHK
(www.swiftradehk.com), making on-line access to the Hong Kong stock market significantly
easier for investors around the world.
Trading on the Hong Kong market is made available through SwiftradeHK by United Mok
Ying Kie Ltd (UMYK), one of Hong Kong's oldest and most respected brokers.
UMYK is a member firm of The Stock Exchange of Hong Kong (SEHK) and is registered as
a dealer under the Securities Ordinance with the Securities and Futures Commission (SFC).
UMYK is also a corporate member of the Hong Kong Securities Institute.
The new service provides clients with on-line technology for easy, efficient and inexpensive
access to the SEHK. It ensures swift execution and rapid confirmation of trades, along with
accurate and updated balances and positions. Users have access to real-time SEHK stock
prices, to enable them to check prices instantly and have their portfolios updated
automatically and in real-time. Real-time financial news and data are provided by Reuters.
UMYK's Managing Director, Mr. Richard Witts, said the brokerage is extremely pleased to
be providing this timely service, which is available to investors, both local and overseas, who
wish to participate in this key market.
Mr. Witts, a long-term figure in the Hong Kong stockbroking industry and former secretary
and general manager of the Hong Kong Stock Exchange, pointed out that the service
represents a major step forward for UMYK and the industry as a whole.
"On-line trading is undoubtedly the way forward. In a recent joint report entitled 'Internet
Investment Services -- Conclusions and Recommendations for Hong Kong', the SAR's most
respected financial institutions, including The SEHK, SFC, Hong Kong Futures and The
Better Hong Kong Foundation, concluded that there will be a significant shift among local
retail investors towards on-line services. An estimated 20-30 per cent of investors will be
trading on-line by 2010, accounting for 30-40 per cent of total retail trading volume."
"The Internet is creating a more competitive environment in many traditional areas of
business. It is essential to seize the initiative where on-line trading is concerned, not only for
the future success of individual brokers, but also to ensure that Hong Kong retains its status
as one of the world's leading markets. The move will enable UMYK to expand its client base
while remaining highly competitive," Mr. Witts concluded.
UMYK was formed in 1991 as a stockbroking joint venture between United Overseas Bank
Ltd (UOB), one of the largest and most well-known banks in Singapore, and Mr. Mok Ying
Kie. Mr. Mok, Chairman of UMYK, is a well-known figure within the industry. A veteran of the
Hong Kong trading scene, Mr. Mok formerly served as Chairman of the Hong Kong Stock
Exchange, one of the stock exchanges replaced by the unified Stock Exchange of Hong
Kong in 1986. He has carved out a substantial niche in the brokerage business over the
decades.
In addition to Swiftrade, ZiaSun's Internet products and services include 'M Finance'
(www.mfinance.com), MediaHits (www.mediahits.com), PINmail (www.pinmail.com), Search
Dragon (www.searchdragon.com), ServiceLive (www.servicelive.com), Asia4Sale
(www.asia4sale.com) and Online Investors Advantage (www.i-advantage.com).
Note: Any statements released by ZiaSun Technologies Inc that are forward-looking are
made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act
of 1995. Editors and investors are cautioned that forward-looking statements invoke risk and
uncertainties that may affect the company's business prospects and performance. These
include economic, competitive, governmental, technological and other factors discussed in
the statements. |
