NEW YORK, Jan. 16, 2018 /PRNewswire/ -- Seven Stars Cloud Group, Inc. (NASDAQ: SSC) ("SSC" or the "Company"), announced today the establishment and planning of (through its subsidiary BBD Digital Capital Group) several crude oils based, index, ETF and digital asset trading products, all part of SSC's product engine #2: Commodity Markets.
The Oil Index Group will comprise of nine sub index products tracking global oil trades. The first launch via SSC's Initial Exchange Offering ("IEO") Network is anticipated to begin in February, with an offering of approximately $1.5bn USD that will be issued in stages through respective market partners and through a multi-track & multi-product approach. This first pool offering will include of a combination of crude oil digital asset products, ETFs and indexes.
In addition to the above, it is worth noting that SSC's crude oil supply chain finance and management business alone (specifically from its JV with Ocasia: https://www.prnewswire.com/news-releases/seven-stars-cloud-announces-2-new-separate-jv-partnerships-300503626.html), did a preliminarily reviewed, but still unaudited, $170 million USD in revenue in Q4 2017. This is significant not only from a top line revenue standpoint, but additionally, certain trading products that SSC will be launching will be based on and underpinned, by the real assets of SSC's supply chain finance and management clients and partners.
As mentioned previously, BBD Digital Capital Group will focus on leveraging the BBD brand with artificial intelligence-driven financial data services as well as transactional platforms for index, futures and derivative trading, specifically for global commodity and energy clients and partners.
BBD Digital Capital Group will be powered by Dynamic Ontology models. Dynamic Ontology has emerged as a powerful way to share common understanding, due to its ability to chain limitless amounts of knowledge, compartmentalize the variables needed for any set of computations and establish the relationships between them. BBD Digital Capital Group is positioned to operate a global AI + Blockchain digital issuance & trading platform of index / future derivatives. Centered on SSC's Dynamic Ontology model and approach, BBD Digital Capital Group will convert data into financial super intelligence, that intelligence to investment opportunities, and those opportunities to cash and assets through integrated digital securitization and Initial Exchange Offering financial services.
BBD is Asia's leading provider of super Artificial Intelligence-based big data solutions dedicated to optimizing the efficiency and effectiveness of industrial-level decision-making and risk management, by standardizing data services. BBD Digital Services will look to capitalize on commodity and energy provider's needs for more precise risk management services, more informed operational planning and more strategic decision-making, specifically as they all relate to the trading of index, futures and commodities.
Dr. George Yuan is the Chief Risk Officer and Chief Engineer of BBD Digital Capital Group. With prior risk management experience at Deloitte China, KPMG LLP (USA) and TXU Energy Trading (Dallas, TX), as well as holding a professorship at the Institute of Risk Management at Tongji University, Dr Yuan's study and work has centered around the valuation of Financial Derivatives and Value-at-Risk (VaR) Modeling for Market Risk, Credit Risk and Operational Risk under the framework of Basel II (Basel III) Accord, Financial and Credit Derivatives Pricing, Portfolio Optimization, Risk Limit Design, Commodity Forward Price Curve Design, Complex Position, Commodity Price Risk Assessment and Asset Valuation.
Safe Harbor Statement
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Vice President, Investor Relations
Seven Stars Cloud Group, Inc.
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SOURCE Seven Stars Cloud Group, Inc.