|
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."
|
