HONG
KONG, Sept. 5, 2023 /PRNewswire/ -- Lion Group
Holding Ltd. ("Lion" or "the Company") (NASDAQ: LGHL), operator of
an all-in-one trading platform that offers a wide spectrum of
products and services, today announced the launch of the
intelligent trading algorithm service "Phoenix" based on independent innovation and
research and development of AI technology, providing users with an
intelligent trading service experience deeply supported by AI
algorithms. While accelerating the integration of AI technology and
the Company's current diversified products to create superior
technical barriers, "Phoenix" will
further enhance the core competitiveness of the company's products,
and is expected to become a new driver of Lion's performance
growth.
Mr. Chunning (Wilson) Wang,
CEO of Lion, commented, "With the development and application of
artificial intelligence, the financial industry is experiencing the
transformation from "finance + technology" to "finance + AI". As a
financial technology platform driven by AI, Lion has always been
committed to actively exploring the innovative applications of
cutting-edge science and technology such as artificial intelligence
and large models in financial scenarios. The launch of our
intelligent trading algorithm service, "Phoenix" is another key development of our AI
strategy following the successful creation of the intelligent
investment advisory robot "Lion AI". We believe that with the
continuation of the AI wave, actively grasping the industry
opportunities presented by AI, accelerating the integration of AI
in various business lines, continuously deepening product value,
and exploring new profit growth engines will help aid our growth
moving forward. Additionally we will continue to delve into
financial technology, AI ecology, Web3.0 and other fields to
achieve upgrades and updates in our products and business models.
We will also continue to strive for the rapid construction and
high-quality sustainable development of an ecological business
system centered on AI+ finance, provide customers with high-quality
product experience and services, and create meaningful growth for
shareholders."
"Phoenix" is an intelligent
trading service system that integrates intelligent trading,
strategy customization, and margin trading and short selling.
Relying on AI technology as well as machine learning, "Phoenix" is able to efficiently use rapidly
diversifying data, while resulting in better and more applicable
forecasts. With the characteristics of low latency and high
intelligence, it improves the quality of investment decisions and
investment results, while comprehensively improving the user
trading experience. Lion's R&D team uses various aspects of AI
technology while designing "Phoenix". In terms of development language,
the Rust language is designed with the principles of "safety,
concurrency, and use" to ensure the stability and efficiency of the
system. In terms of database selection, with the requirement
of quick extract and aggregate, the database is designed to perform
at 250K-1M events per second to meet the data storage
requirements of algorithmic transactions. In terms of
calculation logic, leveraging strong research capabilities and rich
trading service experience, combined with the customer-oriented
principle, Lion's R&D team has independently built calculation
logic and benchmarks of TWAP and VWAP to ensure that the
performance evaluation results of AI algorithms are objective and
fair.
From a technical perspective, Phoenix has the unique advantage of leading AI
technology innovation in the industry with its rigorous technology
selection and AI algorithm optimization. From the perspective of
business value, Phoenix is not
only an innovative paradigm for AI+ financial products, but will
also become an important engine that can effectively augment
revenue.
About Lion
Lion Group Holding LTD. (Nasdaq: LGHL) operates an all-in
one, state-of-the-art trading platform that offer a wide spectrum
of products and services, including (i) Total Return Service (TRS)
Trading, (ii) Contract-for-difference (CFD) trading, (iii)
Insurance Brokerage and (iv) Futures and Securities Brokerage.
In addition, Lion owns a professional and experienced SPAC
sponsorship team to become a leader in the SPAC arena, helping
guide private companies through their listing journey while
creating value for Lion itself. Additional information may be found
at http://ir.liongrouphl.com.
Contacts
Lion Group Holding
Tel: +852 2820 9011
Email: ir@liongrouphl.com
ICR, LLC
William Zima
Tel: +1 203 682 8233
Email: ir@liongrouphl.com
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SOURCE Lion Group Holding Ltd.
