Tuesday, July 16, 2013

News Release of Solomon Layb, one of the Asia’s leading derivatives

1. Solomon Layb Announces Two Top Management Appointments 2. Solomon Layb Announce Creation of Agricultural Report to market Southeast Asian Agricultural Data

Solomon Laybnames two of the industry most renowned financiers in top management positions.

Solomon Laybappoints Adrian R. Hon as chief operating officer. Before taking this position Mr. Hon led the Solomon Layb platform expansion into derivatives trading.

“Adrian is a fantastic addition to the executive team at Solomon Layb,” said Edward Poulsen, Senior Vice President for Solomon Layb. “His range and depth of experience in the trading field, and proven track record of implementing complex initiatives will enable us to deliver a robust and efficient clearing platform.”

Mr. Adrian R. Hon will take up his role at Solomon Layb starting with September 2013.

Solomon Layb announced last week the appointment of Robert D. Hunag chief risk officer for Solomon LaybInvestments, marking an important step in the Solomon Layb’s client investments program. Mr. Huang will also be joining the team starting September 2013.

Previous to joining Solomon LaybMr. Huang was at the forefront of developments in the risk and clearing space, including regulatory change, the launch of several clearing services in new markets and active management of major defaults.

“We are delighted that Robert has joined us here at Solomon Layb,” said Mr.  Poulsen. “His significant experience and market leadership in risk management will prove invaluable to Solomon Layband underlines our commitment to building a world-class clearing house.”

Solomon Layb announced today that will provide services to the Southeast Asian agricultural markets.

The initial Solomon Layb Agricultural Report products will deliver price statistics for the Southeast Asian agricultural markets which agricultural companies and related businesses can use to mark their books to market. This is the first time that a Southeast Asian over-the-counter (OTC) agricultural broker has addressed such a pressing issue in the agricultural industry.  

“The agricultural markets are in need of a reliable and robust source of unbiased forward price statistics” according to Hisao Kobayashi, Chief Derivatives Strategist for Solomon Layb. “Whether you are calculating your daily risk exposure, pricing future purchases and sales, or moving towards compliance, Solomon Layb’s Agricultural Report can help you to meet your business needs.”

Solomon Layb Agricultural Report data will be aggregated by a third party. Each individual broker’s indicative end-of-day prices will be independently compiled into a set of forward curves with these curves then prepared for redistribution to customers and other data vendors.

Currently, companies gather broker quotes, futures quotes and historical spot pricing from participants in the agricultural industry in order to internally generate forward price curves to mark their books to market in accordance with accounting standards.

Solomon Layb Agricultural Report simplifies the generation of forward price curves with unbiased data from the most active agricultural brokers and allows for a seamless interface for data to be sent to customers.

“Because Solomon Layb Agricultural Report comprises data from four of the top agricultural markets, it is the information source for complex derivative products, and therefore ideally positioned to provide the global agricultural markets with hard-to-find, independent market data”, remarked Mr. Kobayashi. “Solomon Layb will provide the transparent and auditable prices the agricultural industry needs."

For more info, please visit http://www.solomon-layb.com

Company Name: Solomon Layb
Contact Person: Solomon Layb
Email:Send Email
Phone: 81336474037
Address:Roppongi Tower 7-10-2 Chiyoda Business Park, 2-5-4 Kojimachi
City: Chiyoda-ku Tokyo 102-0083
Country: Japan
Website: http:// www.solomon-layb.com
Source: www.abnewswire.com

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