Handelsblatt: Großbanken schmieden das „WhatsApp für Investoren“

Investieren soll so leicht werden wie die Hotelsuche im Internet. Goldman Sachs und fünf weitere Großbanken wollen eine neue Online-Plattform für aktienbasierte Produkte ins Leben rufen. Zielgruppe: die neuen Reichen.Hongkong. Sechs Großbanken, darunter Goldman Sachs Group und JP Morgan, kooperieren beim Vertrieb von strukturierten Produkten an die neuen Reichen in Asien. Die Banken und die Technologiefirma AG Delta haben eine Gesellschaft namens Contineo gegründet […]

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Barron's Asia: Simplifying the Pricing Puzzle

A new trading network will make buying and selling of complex structured products easier and more transparent.Wealthy customers of private banks in Asia may end up getting a better deal on structured products now that six banks have teamed with a technology firm to create a network for buying and selling these popular, if complex, securities.

Initially, the network will only affect stocks-related products, creations like equity-linked notes – a combination of a bond and an option on a stock that is intended to boost the overall return – and so-called accumulators, which allow a buyer to benefit if a stock’s price keeps rising. Accumulators, of course, can inflict severe pain if the bet is wrong. Eventually more complex products may be added .

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Contineo Limited Establishes First Open Multi-Issuer Network for Structured Products

Consortium of leading banks and award winning technology company invest in Contineo.Hong Kong, January 20, 2015:

Contineo Limited launched today the industry’s first open messaging network, delivering greater access to equity-linked structured products for private banking and wealth management firms. Contineo has backing from: AG Delta, Barclays, BNP Paribas, Goldman Sachs, HSBC, J.P. Morgan and Societe Generale Corporate & Investment Banking.

The funding will support the implementation and ongoing development of Contineo’s network and technology, which at launch will allow subscribers to easily access their counter-parties through a web-based interface and a set of open application programming interfaces (APIs). The technology is powered by AG Delta’s application architecture and is targeted to go live in early 2015. Contineo is currently registering private banks and implementing connectivity to issuers, as well as working with other certified third party technology companies. Mark Muñoz, a financial technology veteran, has been appointed Managing Director.

Mr. Muñoz said, “I’m delighted to launch an exciting new technology company that has the support of the industry’s leading firms. Our aim is to make accessing equity-linked structured products easier and at a lower cost. We’re working closely with the buy-side and sell-side institutions to ensure our approach benefits the entire industry.”

Structured product distribution and transactions are highly manual at present and there are different practices and protocols across the industry. Contineo’s goal is to establish a unified communications network using the industry standard FIX protocol and RESTful web services, which will be accessible to all participants. This will lower costs, increase product access and assist in risk management and compliance. Contineo will also enable other technology companies or third parties to connect to the network.

The consortium released the following statement:

“We are excited to bring our combined experience and expertise together in support of Contineo. The industry has been seeking a transparent and efficient platform to access equity-linked structured products and Contineo is poised to deliver these benefits, which will translate into dramatic cost savings for the entire industry.”

About Contineo Limited

Contineo Limited, headquartered in Hong Kong, is the first industry supported, open messaging network for private banks and wealth management firms to access issuers of structured products. The company is backed by AG Delta, Barclays, BNP Paribas, Goldman Sachs, HSBC, J.P. Morgan and Societe Generale Corporate & Investment Banking.

For more information, visit www.contineo.link

CONTACT:

press@contineo.link

+852 3905 1030


Structured Retail Products: Banks Launch Contineo Multi-issuer Platform in Asia Pacific

A consortium of banks including JPMorgan, Goldman Sachs, HSBC, Barclays, BNP Paribas and Société Générale Corporate & Investment Banking (CIB), and technology firm AG Delta are set to launch today a new open messaging network in a move to provide greater access to equity-linked structured products for private banking and wealth management firms.The new platform will be managed by Contineo Ltd, which is backed and funded by the consortium to support the network and technology. The new platform, which will be led by technology veteran Mark Muñoz as managing director, will allowsubscribers to access their counterparties through a web-based interface and a set of open application programming interfaces (APIs).

Singapore-based technology firm AG Delta will provide the technology infrastructure of the platform, which is expected to go live early this year once the process of registration of private banks and connectivity to issuers has been completed.

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Bloomberg: Wall Street Unites for Hotels.com Style Derivatives Offer

Banks including Goldman Sachs Group Inc. (GS) and JPMorgan Chase & Co. (JPM) are collaborating to sell structured products in Asia as private wealth in the region balloons.Six financial institutions and technology provider AG Delta have formed a company called Contineo Ltd. that will provide an Internet platform to sell equity-linked structured notes to private banks and wealth management firms, according to an e-mailed statement today. Current distribution of such products is highly manual and having a one-stop virtual network should help lower costs, according to the statement.

Asia is home to the third-largest number of ultra high net worth individuals and the region’s wealth is poised to overtake Europe within the next 10 years, a Wealth-X and UBS Group AG November study found. The report defines an ultra high net worth individual as someone with at least $30 million in net assets. Sales of equity-linked securities in Korea jumped 59 percent to 10.5 trillion won ($9.7 billion) last month, the most on record, while Japanese household investors poured more than $36 billion into uridashi bonds in 2014.

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Hubbis: Open Multi-issuer Network for Structured Products Launches

The first open messaging network, delivering greater access to equity-linked structured products for private banking and wealth management firms, has been launched.Named Contineo Limited, it has backing from AG Delta, Barclays, BNP Paribas, Goldman Sachs, HSBC, J.P. Morgan and Societe Generale Corporate & Investment Banking.

The funding will support the implementation and ongoing development of Contineo’s network and technology, which at launch will allow subscribers to easily access their counterparties through a web-based interface and a set of open application programming interfaces (APIs).

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Asia Risk: First Multi-issuer Structured Product Network goes live in Asia

Contineo initiative set to transform structured product sector from a manual to an electronic basis.The launch of the industry’s first open multi-issuer network Contineo today is set to transform the structured products business from a manual to an electronic standard, just as happened with the cash equities business 20 years ago, according to Mark Munoz, Hong Kong-based managing director for the entity.

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The Wall Street Journal: Contineo Launches Supermarket for Structured Products in Asia

Tech Firm Aims to Improve Transparency and Efficiency of Products Amid Rising DemandHONG KONG—Six of the world’s biggest banks have joined forces to back a new network for selling structured products in Asia, as competition intensifies among firms running marketplaces for wealthy investors.

Contineo, a Hong Kong-based technology firm with the backing of a consortium consisting of Barclays, BNP Paribas, Goldman Sachs, HSBC, J.P. Morgan, Société Générale and data services company AG Delta, aims to provide increased transparency in the Asian structured-product market for private banks and their customers.

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Yahoo Finance: Contineo Limited Establishes First Open Multi-Issuer Network for Structured Products

Contineo Limited launched today the industry’s first open messaging network, delivering greater access to equity-linked structured products for private banking and wealth management firms. Contineo has backing from: AG Delta, Barclays, BNP Paribas, Goldman Sachs, HSBC, J.P. Morgan and Societe Generale Corporate & Investment Banking.The funding will support the implementation and ongoing development of Contineo’s network and technology, which at launch will allow subscribers to easily access their counter-parties through a web-based interface and a set of open application programming interfaces (APIs). The technology is powered by AG Delta’s application architecture and is targeted to go live in early 2015.

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