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Press Releases in Business and Finance

ALGO Technologies unveils fastest ever exchange/MTF matching engine

Latency verified by CorvilNet ™ measurement tools at 15-30 times faster than the current fastest exchange/MTF platforms

LONDON / NEW YORK, 19 th April 2010 - The race to find the fastest matching engine amongst exchanges and MTF platforms just went ballistic. A matching engine so fast it required new measurement technology to verify its speed is being launched by ALGO Technologies, the new company headed by Hirander Misra, who previously tore up European exchange orthodoxies as a founder and COO of Chi-X Europe.

Tax to be placed on misuse of English language

The United Kingdom Home Office has proposed a new ‘English Language Tax’ aimed at tourists and foreign workers, with the intention of raising £4.5 billion during the scheme’s first 12 months.

A Home Office spokesman explained: ”An electronic chip will be issued at passport control and fitted to all incoming non-UK visitors. The chip will monitor any misuse of the English Language and a small tax will be levied on each mispronounced word.”

An exclusive interview about the new scheme with Jennifer Selhurst, Home Office Minister for Social Cohesion, can be viewed here:

South Wales Chamber of Commerce welcomes Virgin Atlantic

Graham Morgan, Director of the South Wales Chamber, said: “It is great news that a company of such global status and prestige, Virgin Atlantic, are going to open a call centre in Swansea.

“The news of 200 jobs is of particular excitement given the harsh unemployment reality Wales has faced during the economic downturn.

“It is clear from other major names housing their call centres in Swansea such as Lloyds TSB, HSBC and Acorn’s Business Centre that Swansea in West Wales is fast becoming an ideal setting for this industry.”

Notes for editors

Advent Software Announces Acquisition of Goya AS

Acquisition Offers Unmatched Solution for Fund Distribution and Fund Management in Europe, Middle East and Africa (EMEA); Accelerates Growth of Advent’s International Business...

SAN FRANCISCO and LONDON – March 11, 2010 – Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced Advent’s acquisition of Goya, a privately held Norwegian software provider. Under the terms of the agreement, Advent acquired all of the outstanding shares of Goya.

London property sales up amid strong demand from Asian buyers

Leading London-based estate agent Fraser & Co. has sold more than 160 new homes from some of the UK’s largest developers in January, thanks to massive interest from Far Eastern buyers.

That’s after London sales by the firm of around £130m, in partnership with its Far East associates, at property exhibitions in Hong Kong, Malaysia and Singapore in the last three quarters of 2009.

Robert Fraser - Managing Director of Fraser & Co. - is a 27-year veteran of the industry, and has been selling UK homes in the Far East for 17 years.

Buzz Technologies Inc BZTG Board of Directors have agreed to a name change

Buzz Technologies Inc BZTG Board of Directors have agreed to a name change to The Heffernan Group, there will be changes made to the cusip and stock ticker in the near future and shareholders will be kept aware of those changes.

The company's assets will be for now the entire capital of The Heffernan Group, post exchange the board will consider a restructure of the share capital on a 1 for 10 or 1 for 100 basis once if needed, once The Heffernan Group (BVI) has secured its own listing.

Hospice phone bill down by 80% thanks to Support Telecom

St Luke’s Hospice in Basildon has seen a 80% saving in its phone bill by working with Support Telecom, a charity partner programme set up by local entrepreneur Mike Allison to reduce charities’ phone bills.

Mike, who has been in the telecoms business for over 20 years, came up with the idea for Support Telecom while cycling across Iceland raising funds for St Luke’s. He explains how it works: “The concept of the business is really simple, and everyone benefits. Firstly, we give charities a big discount on their phone services. We saved St Luke’s over 30% from day one.

Tamper-Evident Shrinkbander for Food and Dairy Tubs is Flexible, Compact

Norwalk, CT. PDC International Corporation, a developer and manufacturer of tamper-evident packaging and labeling machinery, has introduced the F-160 Evolution Shrinkbander, a flexible system for applying shrinkbands around the lids of tapered and straight-wall tubs. Fully mechanical, these systems do not use vacuum, pneumatics or spinning knives.

United Capital Financial Advisers partners with Capital Planning Group to expand its national network of wealth management firms

Newport Beach, CA- United Capital FInancial Advisers, LLC, a national network of financial advisory firms, announced that on October 9, 2009, the Capital Planning Group, a 10-year-old financial planning firm based in Fort Lauderdale and Miami Florida, was officially welcomed into the nationwide United Capital partnership.

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