SE Global Expands its Trading Alliance Network
CDNX Symbol: CPT
VANCOUVER, Sept. 6 /CNW/ - SE Global Equities Company Limited (SEG), a
subsidiary of Capital Alliance Group Inc. is pleased to announce that it has
expanded its network of global trading alliances and made significant progress
towards its goal of becoming the premier Internet financial information portal
for over 100 brokers covering 50 stock exchanges around the world.
SEG has signed agreements with an additional nine leading brokerage firms
who will become important members of the company's expanding network of
alliance partners. These new alliances expand the company's reach into 16
stock exchanges in 13 countries spanning several continents. Over the past
year, SEG's representatives have made presentations to over 100 brokerage
firms in 30 different countries around the globe. SEG is in various stages of
negotiations with several of these firms and over the next several months the
company expects to announce the successful culmination of these discussions.
In addition to those that have previously been announced, the following
are the most recent brokerage firms who have executed a binding co-marketing
agreement with SEG.
NDBS Stock Brokers Ltd - will cover the Colombo Stock Exchange in Sri
Lanka. The sole owner of NDBS Stock Brokers is the National Development Bank.
This firm is the leading development finance institution within that country.
In a recent Reuters poll of Sri Lankan fund managers, NDBS was ranked as the
top local broker.
Kim Eng Securities (Pte) Ltd - will cover the stock exchange of
Singapore. Kim Eng Securities, formed in 1972, have offices in Singapore, Hong
Kong, Thailand, Indonesia, Malaysia, Philippines, New York, and London. The
group currently has 200 dealers that cover a broad range of financial
services.
Asian Capital Equities Inc. - will cover the Philippine Stock Exchange.
Asian Capital Equities Inc, is a joint venture partnership between the Hong
Kong-based Bank of East Asia Ltd., the Philippine investment banking pioneer
East Asia (AEA) Capital Corporation, the Malaysian conglomerate affiliate MUI
Philippines, Inc. and individual Filipino investors. Incorporated in 1989, the
company was the first Philippine brokerage house to go online and currently
averages one billion Philippine Pesos in annual value transactions.
Vanik Bangladesh Securities Ltd (VBSL) - will cover the Dhaka and
Chittagong Stock Exchanges in Bangladesh. VSBL is a fully owned subsidiary of
Vanik Bangladesh Limited (VBL) and is currently the number one broker on both
of Bangladesh's stock exchanges.
Moritz & Tuchler Ltd - will cover the Tel Aviv Stock Exchange in Israel.
Established in 1933, Moritz & Tuchler is one of the oldest institutions in the
Israeli capital market in addition to being a founding member of that
country's stock exchange.
CIP Brokers, SA - will cover the Lisbon exchange in Portugal. CIP Brokers
was founded in July 1998 and principal areas of business include securities
brokerage for both domestic and foreign institutional clients as well as
private clients.
The following brokers have recently executed a binding memorandum of
understanding with SEG. Formal co-marketing agreements between SEG and these
brokers are being negotiated.
ABN Amro Securities Asia - will cover the stock exchange of Thailand.
ABN Amro Securities Asia is owned by ABN Amro Bank, a 175-year-old bank with a
large international network of more than 3,500 offices in 76 countries.
Kadim Ali Shah Bukhari (KASB) -will cover the Karachi Stock Exchange in
Pakistan. KASB is a leading securities firm in Pakistan with headquarters in
Karachi and branches in Lahore and Islamabad. It has been the recipient of
numerous Awards of Excellence presentations for "Best Domestic Securities
Firm" from Euromoney Magazine. KASB is able to provide the highest quality
research services to clients through a research collaboration with Merrill
Lynch.
BCT Valores Puesto de Bolsa - will cover the Costa Rican Stock Exchange.
BCT Valores Puesto de Bolsa is a subsidiary of Corporacion BCT S.A. For the
past three years it has been the largest equities trader in that country.
Toby Chu, President and CEO, states: "We are very pleased with the
progress we are making towards our goal of expanding our Alliance network.
This network will extend to 100 alliance partners in over 50 of the world's
mature and emerging stock exchanges. We are driven to create a global
financial community which offers a variety of financial products and provides
SEG members with the opportunity to explore and take advantage of exciting
investment opportunities from all corners of the world."
On Behalf of the Board of Directors
of CAPITAL ALLIANCE GROUP INC.
"Toby Chu"
----------
Toby Chu
President and C.E.O
newswire.ca
Thanks to Aftr from stockhouse ... looks good, some results from them plugging away with SEG development to start off the news flow series ... i still expect the major news beginning next week [just guessing there, of course, but it seems logical] ... cheers |
