NEW YORK, Jan. 16, 2018 /PRNewswire/ -- Seven Stars
Cloud Group, Inc. (NASDAQ: SSC) ("SSC" or the "Company"), announced
today the establishment and planning of (through its subsidiary BBD
Digital Capital Group) several crude oils based, index, ETF and
digital asset trading products, all part of SSC's product engine
#2: Commodity Markets.
The Oil Index Group will comprise of nine sub index products
tracking global oil trades. The first launch via SSC's Initial
Exchange Offering ("IEO") Network is anticipated to begin in
February, with an offering of approximately $1.5bn USD that will be issued in stages through
respective market partners and through a multi-track &
multi-product approach. This first pool offering will include
of a combination of crude oil digital asset products, ETFs and
indexes.
In addition to the above, it is worth noting that SSC's crude
oil supply chain finance and management business alone
(specifically from its JV with Ocasia:
https://www.prnewswire.com/news-releases/seven-stars-cloud-announces-2-new-separate-jv-partnerships-300503626.html),
did a preliminarily reviewed, but still unaudited, $170 million USD in revenue in Q4 2017.
This is significant not only from a top line revenue standpoint,
but additionally, certain trading products that SSC will be
launching will be based on and underpinned, by the real
assets of SSC's supply chain finance and management clients and
partners.
As mentioned previously, BBD Digital Capital Group will focus on
leveraging the BBD brand with artificial intelligence-driven
financial data services as well as transactional platforms for
index, futures and derivative trading, specifically for global
commodity and energy clients and partners.
BBD Digital Capital Group will be powered by Dynamic Ontology
models. Dynamic Ontology has emerged as a powerful way to
share common understanding, due to its ability to chain limitless
amounts of knowledge, compartmentalize the variables needed for any
set of computations and establish the relationships between
them. BBD Digital Capital Group is positioned to operate a
global AI + Blockchain digital issuance & trading platform of
index / future derivatives. Centered on SSC's Dynamic
Ontology model and approach, BBD Digital Capital Group will convert
data into financial super intelligence, that intelligence to
investment opportunities, and those opportunities to cash and
assets through integrated digital securitization and Initial
Exchange Offering financial services.
BBD is Asia's leading provider
of super Artificial Intelligence-based big data solutions dedicated
to optimizing the efficiency and effectiveness of industrial-level
decision-making and risk management, by standardizing data
services. BBD Digital Services will look to capitalize on commodity
and energy provider's needs for more precise risk management
services, more informed operational planning and more strategic
decision-making, specifically as they all relate to the trading of
index, futures and commodities.
Dr. George Yuan is the Chief Risk
Officer and Chief Engineer of BBD Digital Capital Group. With
prior risk management experience at Deloitte China, KPMG LLP
(USA) and TXU Energy Trading
(Dallas, TX), as well as holding a
professorship at the Institute of Risk Management at Tongji
University, Dr Yuan's study and work has centered around the
valuation of Financial Derivatives and Value-at-Risk (VaR) Modeling
for Market Risk, Credit Risk and Operational Risk under the
framework of Basel II (Basel III) Accord, Financial and Credit
Derivatives Pricing, Portfolio Optimization, Risk Limit Design,
Commodity Forward Price Curve Design, Complex Position, Commodity
Price Risk Assessment and Asset Valuation.
http://www.sevenstarscloud.com/
Safe Harbor Statement
This press release contains certain statements that may
include "forward looking statements." All statements other than
statements of historical fact included herein are "forward-looking
statements." These forward looking statements are often identified
by the use of forward-looking terminology such as "believes,"
"expects" or similar expressions, involve known and unknown risks
and uncertainties. Although the Company believes that the
expectations reflected in such forward-looking statements are
reasonable, they do involve assumptions, risks and uncertainties,
and these expectations may prove to be incorrect. You should not
place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. The Company's
actual results could differ materially from those anticipated in
these forward-looking statements as a result of a variety of
factors, including those discussed in the Company's periodic
reports that are filed with the Securities and Exchange Commission
and available on its website (http://www.sec.gov). All
forward-looking statements attributable to the Company or persons
acting on its behalf are expressly qualified in their entirety by
these factors. Other than as required under the securities laws,
the Company does not assume a duty to update these forward-looking
statements.
Contact:
Jason Finkelstein
Vice President, Investor Relations
Seven Stars Cloud Group, Inc.
646-532-6468
www.sevenstarscloud.com
@sevenstarscloud
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SOURCE Seven Stars Cloud Group, Inc.