HONG
KONG, June 29, 2023 /PRNewswire/ -- CLPS
Incorporation (the "Company" or "CLPS") (Nasdaq: CLPS), today
announced that its majority-owned subsidiary, JAJI (Shanghai) Co., Ltd. ("JAJI"), has commenced
the development of an innovative quantitative trading system
tailored to retail investors. This new product is expected to be
officially launched in the first half of 2024.
In response to the growing investment risks arising from market
uncertainties, quantitative trading system has emerged as a
powerful tool in the investment trading landscape. This system
leverages algorithmic models to make investment decision and
execute automated trading, minimizing human intervention and
enhancing investment efficiency and risk control capabilities.
Quantitative trading system, once predominantly used by
professional investment institutions like stock brokerage firms and
fund companies, is now gaining popularity among retail investors.
This shift is attributed to the advancements in data analysis
technology and ongoing innovation within the financial
industry.
Building upon its extensive experience and successful track
record in the fintech sector, JAJI has begun to develop an
easy-to-use, reliable, and efficient quantitative trading system
product. It is designed to cater to the needs of both professional
investment institutions and retail investors, taking into account
the predicted industry development trends and JAJI's own
capabilities. The product will seamlessly integrate cutting-edge
algorithms and data models, delivering to users a comprehensive
quantitative investment experience through market services,
intelligent strategies, personalized combinations, rapid trading,
and risk control management, among other advantageous features.
In the process of developing this product, JAJI leverages its
industry-university research achievements in the financial sector.
To further enhance the system's underlying architecture, JAJI has
collaborated with Shanghai
University of Finance and Economics, a leading university in
China specializing in finance and
economics. This partnership will provide valuable support in terms
of cutting-edge design concepts and professional financial
knowledge, ensuring the product is built on a solid foundation of
innovation and expertise.
Mr. Oscar Yuan, General Manager
of JAJI, said, "The product will adopt two business models:
institutional docking and individual ordering. By leveraging
technology and data, we aim to create a product that is accessible
for personal use, eliminating the restrictions and inconveniences
faced by retail investors when utilizing quantitative trading
system through brokerage channels. We are committed to delivering
superior trading experience and achieving higher success rates for
retail investors."
Mr. Raymond Lin, Chief Executive
Officer of CLPS, commented, "The emergence of quantitative trading
system represents a significant development trajectory in the
fintech sector. We have a great confidence in JAJI 's R&D
investments in this area, and anticipate its successful market
adoption. In addition, this fintech product tailored to retail
investors will enhance our client business capabilities, further
enriching our diversified business model."
About CLPS Incorporation
Headquartered in Hong Kong,
CLPS Incorporation (the "Company") (Nasdaq: CLPS) is a global
leading information technology ("IT"), consulting and solutions
service provider focusing on the banking, insurance and financial
sectors. The Company serves as an IT solutions provider to a
growing network of clients in the global financial industry,
including large financial institutions in the US, Europe, Australia, Southeast
Asia and Hong Kong, and
their PRC-based IT centers. The Company maintains 19 delivery
and/or research & development centers to serve different
customers in various geographic locations. Mainland China centers are located in Shanghai, Beijing, Dalian, Tianjin, Xi'an, Chengdu, Guangzhou, Shenzhen, Hangzhou, and Hainan. The remaining nine global centers are
located in Hong Kong SAR, USA,
Japan, Singapore, Australia, Malaysia, India, the
Philippines and Vietnam.
For further information regarding the Company, please
visit: https://ir.clpsglobal.com/, or follow CLPS
on Facebook, Instagram, LinkedIn, Twitter,
and YouTube.
Forward-Looking Statements
Certain of the statements made in this press release are
"forward-looking statements" within the meaning and protections of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements include statements with respect to the
Company's beliefs, plans, objectives, goals, expectations,
anticipations, assumptions, estimates, intentions, and future
performance. Known and unknown risks, uncertainties and other
factors, which may be beyond the Company's control, may cause the
actual results and performance of the Company to be materially
different from such forward-looking statements. All such statements
attributable to us are expressly qualified in their entirety by
this cautionary notice, including, without limitation, those risks
and uncertainties related to the Company's expectations of the
Company's future growth, performance and results of operations, the
Company's ability to capitalize on various commercial, M&A,
technology and other related opportunities and initiatives, as well
as the risks and uncertainties described in the Company's most
recently filed SEC reports and filings. Such reports are available
upon request from the Company, or from the Securities and Exchange
Commission, including through the SEC's Internet website at
http://www.sec.gov. We have no obligation and do not undertake to
update, revise or correct any of the forward-looking statements
after the date hereof, or after the respective dates on which any
such statements otherwise are made.
Contact:
CLPS Incorporation
Rhon Galicha
Investor Relations Office
Phone: +86-182-2192-5378
Email: ir@clpsglobal.com
View original
content:https://www.prnewswire.com/news-releases/clps-incorporation-announces-the-development-of-a-quantitative-trading-system-for-retail-investors-to-expand-opportunities-in-investment-area-301866838.html
SOURCE CLPS