Marco Polo XTF is has arrived at a strategic agreement with T&C Holdings to expand its presence in the Asian information provider market. T&C Holdings Chairman & CEO Shigeki Tanaka will be given a seat on the board of Marco Polo.
Marco Polo XTF was formed last month when information shop Marco Polo bought the assets that remained with XTF after the sale of its SMA products.
An industry insider told The MFWire that the Manhattan-based firm shut down sometime between December and January.
Security at 110 Wall Street, the address that XTF listed as its headquarters, told The MFWire that they believed the company closed operation in the building sometime in March or February.
Company Press Release
Marco Polo XTF, the independent ETF research and advisory subsidiary of Marco Polo Network, entered into a capital and strategic alliance with T&C Holdings and appointed T&C Holdings Chairman & CEO Shigeki Tanaka to its board of directors.
T&C Holdings' President & CEO Shigeki Tanaka stated: "T&C Holdings' financial expertise and innovative technology has enabled us to develop
a leadership position in the steadily expanding Asian information provider market. Our strategic alliance with Marco Polo XTF bolsters our content offering and will allow us to capitalize on the growing pan-Asian demand for actionable ETF research."
Alexander v. Perfall, Chief Network Officer, Marco Polo XTF, added: "Marco Polo XTF's goal is to deliver timely, vendor neutral, multi-market ETF security level research to our customers. We are thrilled about our strategic alliance with T&C whose Asian market knowledge, strong value proposition and distribution platform will allow us to better serve the needs of ETF investors and market participants."
About Marco Polo XTF
Marco Polo XTF is an internet based research company exclusively dedicated to the needs of ETF investors, sponsors, asset managers and exchanges. The company provides sophisticated ETF research, investment decision support tools and advisory services. Its suite of proprietary services are aimed for use in various areas of the investment process, including security level research, portfolio construction and optimization, performance benchmarking and attribution, risk management and analysis. For more information www.xtf.com
About T&C Holdings
T&C Holdings (OSE: 3832) is a financial information service provider headquartered in Tokyo. For more information www.tandch.com
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of the Company, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
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