New York – 27 April 2004 – Algorithmics Incorporated, Cicada Corporation, and the Investors Guaranty Group will lead a discussion on May 20th in Tianjin, China at the International Conference on Globalization: Implications for Innovation and Reform of Investment and Financing Systems in China. The conference, to be held May 18th through 23rd, is hosted by Tianjin University of Finance and Economics (TUFE). TUFE is a pioneer in providing finance and economics education in China, offering several Ph.D. programs in these disciplines.
The May 20 session, Capital Markets, Liquidity and Financial Institutions and Economic Development in China, will be conducted by Investors Guaranty principals Mr. Douglas L. King, Chairman and CEO, and Dr. Douglas Love, Chief Investment Officer; Cicada President and CEO Gregory E. Smith, and Algorithmics’ Brett Hodge, Regional Director, South East Asia. This "think tank" discussion will cover the latest developments in exchange data technology, bank and insurance company financial risk management and emerging regulatory requirements, as well as the development of financial technology outsourcing. Each of these areas is critical to China’s increasingly rapid development and the ability to lower the cost of capital to Chinese businesses. Each of these companies will discuss its contribution and approach to addressing these topics, in context with the global economic and regulatory environment.
In conjunction with the conference, the Oklahoma City University (OCU) Graduate School of Business will sponsor a global reunion of alumni from China, Singapore, Malaysia, Canada, Argentina, and the United States. OCU boasts the greatest number of Asian executives of any institution based outside China. Over 200 of OCU MBA graduates will be in attendance. OCU’s Meinders School of Business has been offering the first and longest-running American MBA program in China, and was recently announced by the Degree Committee of the Chinese State Council and The Chinese Ministry of Education as one of the best joint MBA programs officially approved to operate in China.
"China, with its tradition in trade, finance, science and mathematics, has a great opportunity to ’leap frog’ many legacy systems and approaches to exchanges, banking and insurance. This augers well in its support of its rapid economic growth, by fostering liquidity and risk management across its capital markets. These capital markets features are crucial to complementing all economic development efforts," said Dr. Douglas Love of Investors Guaranty.
"Over the past fifteen years, Algorithmics has had tremendous success in emerging markets such as South Africa, Mexico, and throughout Asia and South America," said Dr. Michael Zerbs, Chief Executive Officer and member of the Board of Directors of Algorithmics Incorporated. "Chinese institutions and regulators have similar goals and are keen to adopt enterprise risk architectures and best practices as they retool their financial infrastructure to be competitive internationally. This event is one of our first steps in extending the breadth of our experience into this dynamic and rapidly expanding economy."
Algorithmics Incorporated is a world leader in enterprise risk management solutions. Cicada Corporation is a leading global provider of real-time and reference data integration and technology solutions for financial institutions and exchanges. Investors Guaranty affiliated companies provide capital and integrated administrative, business and technology services. The companies earlier announced an alliance that will provide multi-source, clean structured data and risk management solutions, integrated within Algo Suite.
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