HONG
KONG, Feb. 6, 2024 /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, announced today that the Company has
accelerated the development of AI technology to empower core
business products and services. Lion utilizes AI technology to
further enable value enhancement of its Hong Kong-based Over-The-Counter ("OTC") stock
options business and sustain a consistent trend of profit
growth.
Lion embraces the AI era, prioritizing customer needs, and
continuously developing a range of AI-based products and services,
including Robo-Advisor "LionAI" and intelligent trading algorithms
"Phoenix". With a focus on
the options business, the Company has developed an AI-powered
trading system. This system, built using the efficient and secure
Rust programming language, is based on message bus application
technology architecture that utilizes the Apache Flink workflow
engine. It connects with high-speed market data, concurrently
processes outstanding contracts, and ensures efficient and accurate
valuation. The system achieves end-to-end electronic integration of
functions including contract bookkeeping, trading, hedging,
clearing, reporting, and risk management. The system complies with
regulation, through functions such as investor suitability,
underlying asset blacklists, and margin monitoring, whilst also
helping to prevent market-related risks, further improving the
overall customer trading experience.
Lion is enhancing the integration of AI technology with stock
options for business and services. By leveraging advanced AI
algorithms and data insights, combined with market big data
analysis, Lion is constructing distinctive position and exposure
management models for its options business and services. This
initiative enables the selection of suitable hedging tools and
hedge ratios for indices, individual stocks, and related underlying
assets. It includes real-time monitoring and evaluation as well as
continuous focus on optimizing trading returns. With the advantages
of high flexibility, leverage efforts, risk control, and global
trading, Lion's options business and products enable investors to
adapt better to diverse market environments and investment
objectives. The options services provide opportunities for higher
returns while hedging specific market risks, and allow more
flexible asset allocation.
Mr. Chunning (Wilson) Wang, CEO
of Lion, commented, "We have been focusing on AI applications for
many years and consistently upgrading the technological advantages
of our core business products and services. The Company achieves
effective support for the complementary trading system of the stock
options business through deep integration of AI technology. All of
our efforts, including our previously launched intelligent trading
algorithm "Phoenix" for Total
Return Service (TRS) products, will be critical in enhancing
performance and stabilizing profit cycles. We believe that
proactively seizing the opportunities brought by AI technology will
become a significant variable influencing the entire industry's
competitive landscape. Going forward, Lion is committed to digital
transformation, achieving innovation of products and business
models, strengthening development momentum, providing customers
with high-quality product experiences and services, and creating
meaningful value growth for shareholders."
About Lion
Lion Group Holding Ltd. (Nasdaq: LGHL) operates an all-in-one,
state-of-the-art trading platform that offers 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.
Forward-Looking Statements
This press release contains, "forward-looking statements" within
the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. Lion's actual results may
differ from their expectations, estimates and projections and
consequently, you should not rely on these forward-looking
statements as predictions of future events. Words such as "expect,"
"estimate," "project," "budget," "forecast," "anticipate,"
"intend," "plan," "may," "will," "could," "should," "believes,"
"predicts," "potential," "might" and "continues," and similar
expressions are intended to identify such forward-looking
statements. These forward-looking statements include, but are not
limited to, statements about: Lion's goals and strategies; our
ability to retain and increase the number of users, members and
advertising customers, and expand its service offerings; Lion's
future business development, financial condition and results of
operations; expected changes in Lion's revenues, costs or
expenditures; the impact of COVID-19; competition in the industry;
relevant government policies and regulations relating to our
industry; general economic and business conditions globally and in
China; and assumptions underlying
or related to any of the foregoing. Lion cautions that the
foregoing list of factors is not exclusive. Lion cautions readers
not to place undue reliance upon any forward-looking statements,
which speak only as of the date made. Lion does not undertake or
accept any obligation or undertaking to release publicly any
updates or revisions to any forward-looking statements to reflect
any change in its expectations or any change in events, conditions
or circumstances on which any such statement is based, subject to
applicable law. Additional information concerning these and other
factors that may impact our expectations and projections can be
found in Lion's periodic filings with the SEC, including Lion's
Annual Report on Form 20-F for the fiscal year ended December 31, 2022. Lion's SEC filings are
available publicly on the SEC's website at www.sec.gov.
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
View original
content:https://www.prnewswire.com/news-releases/lion-enhances-otc-stock-options-services-quality-and-efficiency-powered-by-ai-302054188.html
SOURCE Lion Group Holding Ltd.
