Marco Polo Network Acquires XTF.com
April 25th, 2008 Leave a comment Visited 36 times, 2 so far today
Marco Polo Network, the largest platform for electronic trading of securities listed and traded on Emerging Markets exchanges, today announced the acquisition of the trademarks, intellectual property IT infrastructure and consumer facing assets of XTF Global Asset Management Inc. (XTF GAM), an ETF research and ETF based investment advisor. The newly formed Marco Polo XTF is an internet based ETF research and expert network exclusively dedicated to the needs of Global Emerging Markets ETF investors, sponsors, asset managers, exchanges and regulators. Marco Polo XTF’s suite of proprietary research and advisory services, which are accessible through the company’s flagship XTF.com website, are aimed for use in various areas of the investment process, including security level research, market insights, portfolio construction and optimization, performance benchmarking and attribution, risk management and analysis.
“XTF’s best of breed ETF security level research and advisory services allow us to better serve our growing community of emerging market broker dealers and partners,” stated Marco Polo Network Chairman & CEO Vinode Ramgopal. “The combination of actionable, global ETF research and Marco Polo’s efficient, multi directional electronic trading capabilities will allow emerging market asset owners, such as pension funds, insurance companies, mutual funds, and private wealth managers to better capitalize on the many benefits of cross border index investing. By extending our research coverage of ETFs and ETPs listed on European, Asian and Latin American exchanges, Marco Polo XTF will be able to offer customer specific research solutions to accelerate the market adoption of indexed funds. Our customers will benefit from fast and flexible technology transfer within the network and from this network to ETFs and ETF based investment solutions,” adds Ramgopal.
About Marco Polo Network: Marco Polo Network Inc. (“MPN”) is currently the largest independent platform for electronic trading of securities listed and traded on Emerging Markets exchanges. Founded in 2000 MPN’s trading platform allows global investors transparent and cost efficient electronic access to over 70 local exchanges in 42 emerging markets through a network of 120 + in-country broker dealers. MPN is partially owned by the New York Stock Exchange (NYSE) and the International Finance Corporation (IFC), the private sector arm of the World Bank Group.
Safe Harbor Statement
This press release contains statements that may constitute “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of the Company, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Contacts
Marco Polo XTF
Alexander v. Perfall, +1-212-220-2668
Chief Network Officer
aperfall {at} marcopolonetwork(.)com
or
XTF.com
Melvin S. Herman, +1-646-873-8449
Chief Executive Officer
mherman {at} xtf(.)com
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