🕐17.11.10 - 08:54 Uhr

LHKX PLC provides progress update



LHKX PLC provides progress update London, 17th November 2010, London Hong Kong Exchange Plc (“LHKX PLC”) today released a company progress update to review recent activities, detail the current position and provide a snapshot of what LHKX anticipate achieving during the coming 6 month period.

DEVELOPMENT OF THE TOP LEVEL MANAGEMENT TEAM: The LHKX top level executive management team now includes City of London veterans with top level experience in the financial markets combined with entrepreneurial talent.

First, LHKX’s executive Chairman Mr Derek Tullett founded a money broking business in 1971 which by 2000, under his management grew through acquisition to become Tullett & Tokyo Liberty one of the world’s largest inter-dealer brokers.

Second, CEO Mr Wayne Lochner has over 20 years experience in managing trading operations in the Middle East and Far East and from 1995 built up invaluable experience as an entrepreneur.

Corporate financier, Mr Philip Reid has particular expertise in the development of small – mid market sized listed companies.

Mr Rudolf Fontijn contributes competence in managing large scale banking IT projects combined with running an advertising agency.

At the end of September 2010, specialist web design and marketing agency Bluw i Ltd was appointed to develop and launch the Stri ctly Money IPO research platform.

In the interim, Bluw i Ltd have agreed to support LHKX in the development and implementation of the overall LHKX Platform concept and Mr Stephen Page (chairman of Bluw i Ltd) has agreed to join LHKX’s executive management team as Chief Technology Officer.

THE LHKX PLATFORM As a consequence of the global financial crisis, individual traders and investors increasingly seek to take control of their own investments.

Furthermore, confidence in investment and fund managers has plunged with the result that an increasing number of experienced investors seek to move a major part of their investment portfolios onto low cost execution only platforms and take control of their own investments to make their own trading and investment decisions. LHKX PLC believes that investors and traders now demand a different service from the other providers of execution only trading platforms.

To meet this new demand LHKX is developing LHKX Platform products and services that can be divided into three categories: 1) LHKX Trading Platform– access to the broadest range of markets and products 2) LHKX– specialised services platforms – pre -IPOs, illiquid assets, and independent research 3) LHKX networking services - media platforms to develop a vibrant financial community and business development toolbox for all LHKX platform users LHKX have agreed in principle to the acquisition of an FSA regulated company to provide the regulatory environment required.

CUSTOMISED LHKX TRADING PLATFORM - “MANAGE YOUR OWN MONEY ON YOUR OWN EXCHANGE” LHKX want to enable individual investors to trade in multiple assets (equities, FX, CFDs, futures, ETFs, bonds etc.) on multiple markets globally at low cost through an execution only trading platform.

LHKX is in discussions with different tier 1 financial institutions to create a strategic partnership with the objective to launch an LHKX trading platform from early in 2011.

LHKX PLC expects to conclude a partnership agreement by the end of 2010 or in early 2011.

The LHKX Trading Platform aims to give the individual investor access to products and services that have previously only been available to the professional market participant and the first products are: 1) LHKX Professional Trading Pool: This product allows individual / retail investors to pool their money with traders from an LHKX panel of traders that trade on behalf of LHKX.

LHKX will have traders specialising in a variety of sectors, stock exchange markets, stock exchange sectors, geographic regions, business sectors, instruments, commodities, foreign exchange etc. 2) LHKX Institutional Trading Pool : This service offers LHKX individual / retail customers algorithmic trading through LHKX Proprietary Algo Black Boxes which will allow customers to make use of ultra-high speed trading facilities with online real time position and results updates 3) LHKX Interactive Trading Competitions: LXHK interactive, real time, financial trading competitions to provide the professional trader with the ultimate challenge to outperform their peers.

The players define their own rules and the platform acts as facilitator for their trading competitions. On 22 October 2010, LHKX signed a partnership agreement with GnuTrade.

The primary purpose of the LHKX-GnuTrade Partnership is to provide LHKX with a mechanism to offer branded play and real money trading, drive growth in users, and generate profits for both parties from these users.

In addition, LHKX as an affiliate of Gnu Trade will be entitled to remuneration based on a 25% share of the net monthly trading revenues.

LHKX expect that the first LHKX white label trading competitions and gaming website will be live before the end of 2010.

In addition, GnuTrade will develop exclusive trading games and trading competitions for the LHKX Platform.

LHKX SPECIALISED SERVICES LHKX’s overall strategy is to give the individual trader / investor control over their investments and access to professional investment toolboxes that enable investment into alternative asset class type investments.

LHKX is developing its first professional investment toolboxes as follows: 1) StriclyMoney.com - an independent IPO research and analysis platform.

The first StrictlyMoney platform is online and the prototype test platform will go live in December 2010.

The first two IPO research reports will be presented in February – March 2011.

2) IAX – Illiquid Assets Xchange platform - industry-standard solution to enable professional investors to trade in a wide range of illiquid assets.

The first IAX website platform will go live from February – March 2011.

3) Pre-IPO Exchange platform- A private transaction network combining a private primary and secondary market for pre-IPO stage investment facilitated through an online platform.

The pre-IPO Exchange platform will go live from February – March 2011.

It is envisaged that LHKX will be able to create new products and services to enable the individual retail class investor to participate in transactions through these platforms.

DEVELOPMENT OF THE LHKX NETWORKING COMMUNITIES LHKX intends to enhance the LHKX Platform with the development of a financial social media platform LHKX Ripple and a business development toolbox branded as the “Deal Introducer Desk”.

LHKX Ripple aims to create a vibrant and intelligent community for self-directed individual investors.

LHKX will develop this platform in association with Bluw i Ltd and it is expected that the first website will be revealed in early 2011.

This week, LHKX has announced the development of the “Deal Introducer Desk” which will have a separate website platform www.dealintroducerdesk.com to be launched in early 2011.

The Deal Introducer Desk gives LHKX Platform users the potential to use their existing network and earn success fee income if they can introduce good quality deals that can be placed by LHKX Capital AG.

PROSPECTUS: The company has received many queries regarding the finalisation of the Company’s prospectus.

The company has delayed the finalisation of the prospectus until it has achieved certain milestones regarding the development of the LHKX Platform and LHKX confirms that it now expects to finalise the prospectus during the first quarter 2011.

To achieve this target, LHKX will make its very best efforts to finalise the audited accounts for the full 2010 financial year in a timely fashion.

At the end of June 2010, LHKX entered into an agreement with Berlin based international law firm Hammonds LLP to prepare the prospectus and an application for admittance to the Entry Standard segment of the regulated unofficial market (Freiverkehr).

Hammonds LLP recently announced an agreement to combine with Squire, Sanders & Dempsey L.L.P., and thereby creating a new top-tier international legal services group.

About LHKX PLC: London Hong Kong Exchange Plc (“LHKX”) is a UK domiciled holding company for a group of companies active in provision of innovative financial services and products to empower the qualified investor.

LHKX’s strategy is to give the investor control over their investments.

http://www.lhkx.com For further queries please contact: LONDON HONG KONG EXCHANGE PLC 37th Floor One Canada Square Canary Wharf London E14 5AA United Kingdom Tel: +44 20 7 193 3853 Email: The information in this press release constitutes "forward-looking information".

Other than statements of historical fact, all statements are "Forward-Looking Statements» that involve such various known and unknown risks, uncertainties and other factors.

There can be no assurance that such statements will prove accurate.

Results and future events could differ materially from those anticipated in such statements.

Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements".

Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
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