SeaPRwire
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KLCE Works on Implementing New Rules of Volatility Converting

pandora
3 minutes

KLCE.org plans to apply a specially designed volatility converter vehicle for FX trading Kuala Lumpur, Malaysia, October 08, 2022 – (SEAPRWire) – Kuala Lumpur Commodity Exchange (KLCE), a pioneering commodity exchange that provides exhaustive and convenient access to the Malaysian commodity markets, today announced that it investigates the process of FX options volatility converting through a specific volatility converting application. This service enables the pricing of the listed FX options liquidity into over-the-counter (OTC) terms, thus helping FX traders monitor and control more efficiently the prices and achieving expected trading performance. The volatility converting tool uses extensive price data which is functionally equivalent to over-the-counter options following adjustments in terms of style, time frames, and underlying price matching, and elaborates a volatility system aimed at comparing the features. The FX options volatility converter calculates and converts FX options premiums, fixed data, standards, and formats into a volatility surface that represents an OTC-equivalent system and into OTC quote conventions, thus creating price comparisons around options pairs. T...

ACN Newswire
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Arkon Energy Sets New Australian Pre-seed Funding Record

indie
3 minutes

SYDNEY, Feb 22, 2022 - (ACN Newswire via SEAPRWire.com) - Bitcoin mining startup Arkon Energy has raised an AUD$2.6M pre-seed round, setting a new Australian record, just one month after the record was set by one-click checkout startup "Instant" at AUD$2.2M. The company will use the funds to rapidly scale its capabilities and deploy more bitcoin mining operations through a two year, 44 megawatt (MW) renewable energy project pipeline.Utilising low-cost renewable energy and immersion cooling, Arkon Energy has built this 44MW future pipeline across four project partnerships to be deployed over 18-24 months. Arkon intends to scale its operations at a similar pace to its much larger Australian competitors, Mawson Infrastructure and Iris Energy.The record-breaking round was led by blockchain investment firm Kestrel0x1. It also attracted a number of strategic investors, including leading provider of trade services and renewable energy products, Linked Group Services, and a suite of other angel investors.The company was co-founded by Sydney-based Joshua Payne and Gold Coast-based Nathan Townsend. Payne is the COO and co-founder of NYSE-listed special purpose acquisition company, Battery Fu...