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Archive for October 26th, 2015

WiFi Master Key Gains Popularity as SE Asia Adopts Sharing Economy

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SINGAPORE, /PRNewswire/ — WiFi Master Key (, a free WiFi hotspot-crowdsourcing app, is seeing a surge in popularity in Southeast Asia as it helps a growing community get online in the region.

The Shanghai-based startup, which lets users easily and safely connect to free WiFi hotspots shared by other users, is growing rapidly to become one of the frontrunning proponents of the “sharing economy”.

The app has climbed this week to be ranked 10th on Google Play’s tools app chart in the Philippines. InIndonesia, it also also seen its popularity surged to the 10th place of the tools app chart.

It comes after the app became the #1 tools app in Malaysia last month, while also becoming the #5 most popular free app in the country. In Vietnam, it became on Sept 22 the #1 tool app, and the #5 free app in general.

Founder and CEO Mr Chen Danian said in a recent speech that WiFi Master Key has become an important tool for many on-demand services in China. He said: “WiFi Master Key will help more and more people get online for free, while providing better mobile services as we dig deep into our expanding data pool.”

The fast-growing company set up in May a regional headquarter in Singapore – strategically located to tap into fast growing markets in the region.

When a user shares a WiFi hotspot with the community, other users can use the shared information in the database to get online for free. To protect privacy and security, the app does not reveal any shared WiFi passwords; instead, it encrypts and stores the shared information in its cloud database.


Launched in September 2012, the company sets the record of being China’s youngest unicorn mobile Internet company to achieve a billion-dollar valuation earlier this year, after closing a $52 million Series A funding. As ofAugust 2015, the app has connected a total of 700 million users, 360 million monthly active users, and an average of close to 30 million connections daily.

Key features of the app include safe WiFi sharing without revealing shared passwords, in-built signal detector, customisable power saving settings, tethering function, among others, to enhance the connectivity experience.

Yolanda Huang

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Source: Wifimaster (Singapore) Pte Ltd

Written by asiafreshnews

October 26, 2015 at 3:37 pm

Posted in Uncategorized

Algomi Wins “Most Innovative Trading Product/Service” at Financial News Awards in Trading and Technology for Second Year Running

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— Buy-side product adoption reaches new heights

LONDON, /PRNewswire/ — Algomi, the network company providing information-matching solutions for the optimisation of fixed income liquidity, has won the “Most Innovative Trading Product/Service” category, for the second consecutive year, at this year’s Financial News Awards in Trading & Technology.

This award reflects rapid global growth and expansion working with buy-side firms. 140 buy-side firms have committed to Algomi’s Honeycomb network globally, and Algomi is live or being installed in 14 banks. The Honeycomb Network allows investment firms to see which dealer is best placed to facilitate illiquid corporate bond trades without disturbing the markets and having the price move against them.

Algomi is continuing to add asset management, pension fund, sovereign wealth fund, endowment and hedge fund clients from offices in New York, London and Hong Kong, and client support and sales in Chicago, San Francisco, and Boston.

Algomi employees collected the award at the gala dinner in London’s Victoria & Albert Museum on Wednesday 21 October, where they joined 300 other guests and nominees, from across the European trading and technology community.

The Financial News awards are independent and fee-free. The editors draw on a combination of anecdotal information from analysts, sell-side and buy-side firms, exchanges, clearing houses and industry experts, combined with empirical data, to draw up the shortlist. The shortlist is then voted on by an independent panel of industry practitioners, comprising established industry veterans and experts. Judges score each shortlisted entrant and the winner is determined by the nominee with the highest percentage from the accumulated scores.

“The speed at which buy-side firms have signed up to the Honeycomb network since it was opened up to the buy-side in December 2014, demonstrates that there is a clear need for a solution to help solve the liquidity problem that global credit markets face,” said Michael Schmidt, Algomi Chairman. “We have more than doubled the number of buy-side firms on the Honeycomb network in the last six months, and we hope to continue on-boarding firms, enabling the buy-side to access the information that helps make illiquid trades happen.”

Stu Taylor, CEO added: “The reception from the buy-side has been fantastic, as has the support from the Algomi team that have been working tirelessly to on-board firms and work with them through this process. It is an honour to receive this award for the second year running, and validates the significance and potential that Algomi has for fixed income trading globally.”


Algomi connects fixed income professionals, empowering them to make better trading relationships, in the ever-changing landscape of capital, leverage and liquidity requirements. By harnessing the relationships between Fixed Income salespeople, traders and their clients, the Algomi Honeycomb suite of scalable software greatly increases the opportunities and velocity in large and illiquid voice trades between banks and buy side investors.

For banks, Algomi creates a real time internal sales and trading bond information network using their own data to identify the best trade opportunities and enables real-time collaborations between sales, traders and investors. This delivers more effective execution of less liquid bonds and integrates with Algomi Honeycomb. For investor firms, Algomi Honeycomb becomes their eyes and ears on the world’s trading floors. Providing the data and market insight vital to select the right dealers and the right timing of the trade to ensure maximum likelihood of execution. The investor is able to deal in size, achieve Best Execution, and remain discrete in the market while banks get to use their large distribution network. Execution is voice based between investor and bank, as is appropriate for large sensitive trades.

Algomi was founded in 2012 by Stu Taylor (Former Global Head of Matched Principal Trading and creator of PIN-FI at UBS), Usman Khan and Robert Howes (Founders of CAPXD), and Michael Schmidt (Former Head of European Credit Trading and IB Board Member at UBS). Algomi is backed by investment from Lakestar, and an exceptional panel of Strategic Advisors. Algomi has over 140 employees with offices in New York, London andHong Kong, and client support and sales in Chicago, San Francisco, and Boston.

About Financial News

Financial News is the leading source of news and analysis for the European asset management and investment banking industry. With a dedicated team of sector specialists covering investment banking, asset management, pensions, hedge funds, wealth management, private equity, technology and trading, Financial News delivers exclusive news, in-depth analysis and commentary via print, online, mobile and tablet to a senior audience across the industry.

Source: Algomi
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Written by asiafreshnews

October 26, 2015 at 3:14 pm

Posted in Uncategorized