Boustead & MERJ agreement brings Upstream to U.S. investors
IRVINE, CA and EDEN ISLAND, SEYCHELLES / ACCESSWIRE / May 18, 2023 / Boustead Securities, a leading full-service investment banking firm and licensed FINRA member, has opened registration for U.S. investors to trade stocks on Upstream's global retail trading app, in partnership with MERJ Exchange Limited (MERJ). U.S. investors that wish to trade securities on Upstream may now register with Boustead Securities at https://www.boustead1828.com/upstream.
Through this collaboration, Boustead's customers gain access to Upstream's global retail trading app and dual-listed companies that trade on NASDAQ, NYSE and over-the-counter (OTC) markets as well as international stock exchanges including EURONEXT, ASX, NSX, TSX, and CSE. The blockchain-powered platform features a transparent orderbook, real-time execution, and 20-hour market days. Manipulative activities like short selling, stock lending, wash trading, layering, spoofing, or payment for order flow, which negatively impact legitimate price discovery, are not permitted.
Inter-exchange arbitrage trading for dual listed securities is streamlined on Upstream, enabling traders to buy shares on the U.S. market and deposit them on Upstream for secondary sale, or vice versa. Investors can trade U.S. and international equities using digital payment rails, credit card, debit card, PayPal, or USD.
After registering with Boustead, U.S. investors may use the Upstream app to sign up with a password and complete KYC identity verification. Once KYC is approved, tap Investor, Manage Securities, and Activate Securities Trading. Once verified by Boustead, investors will be notified in-app and may begin trading listed securities, and deposit eligible securities that they may hold at U.S. brokerage firms and transfer agents.
"We are thrilled to partner with MERJ and Upstream to provide our clients with access to a cutting-edge trading platform that offers next level transparency, security, and efficiency," said Keith Moore, CEO of Boustead Securities. "We believe this collaboration represents a significant step forward in democratizing access to global markets and empowering investors with the tools they need to succeed."
"We are excited to have Boustead, a leader in small cap underwritings and offerings, to become the first U.S. introducing broker to join our community," commented Brian Collins, Co-founder of Upstream. "Boustead will now have alternative and dual listing venues available for Boustead's issuers and for their customers to trade on a modern retail trading venue."
About Boustead Securities, LLC
Boustead Securities, LLC is an investment banking firm that executes and advises on IPOs, dual listings, mergers and acquisitions, capital raises and restructuring assignments in a wide array of industries, geographies and transactions, for a broad client base. Boustead's core value proposition is the ability to create opportunity through innovative solutions and tenacious execution. With experienced professionals in the United States, Boustead's team moves quickly and provides a broad spectrum of sophisticated financial advice and services. Boustead is a majority-owned subsidiary of Boustead & Company Limited, a diversified non-bank financial institution. For more information visit please visit: www.boustead1828.com
About Upstream:
Upstream, a MERJ Exchange Market (merj.exchange), is a fully regulated global stock exchange. Powered by Horizon Fintex's proprietary matching engine technology, the exchange enables investors to trade shares in dual listed companies, NFTs, shares in IPOs, crowdfunded companies, U.S. & Int'l. equities, and celebrity ventures directly from the app: https://upstream.exchange. Interested issuers can reach the team at [email protected].
About MERJ:
MERJ Exchange (MERJ) operates Upstream as a fully regulated and licensed integrated securities exchange, clearing system and depository. MERJ is an affiliate of the World Federation of Exchanges (WFE), recognized by HM Revenue and Customs UK, a full member of the Association of National Numbering Agencies (ANNA) and a Qualifying Foreign Exchange for OTC Markets in the US. MERJ is also a member of the Sustainable Stock Exchanges Initiative. Visit https://merj.exchange/ to learn more.
About Horizon Fintex:
Horizon Fintex is a fintech company that builds and powers global securities exchanges with an integrated suite of software for compliance-focused issuance, management, and secondary trading of securities. Our in-house solutions combine Wall Street and Silicon Valley to power the next generation of securities offerings and trading in the U.S. and globally. Learn more at https://horizonfintex.com/.
Press Contacts:
Boustead Contact:
Keith Moore, CEO
Boustead Securities, LLC
Direct: (949) 502-4408
[email protected]
Upstream Contact:
Vanessa Malone
Disclaimers:
This press release shall not constitute an offer to sell securities or the solicitation of an offer to buy securities in any jurisdiction where such offer or solicitation is not permitted.
Upstream and issuers do not charge for share transfers, however, transfer agents may charge investors for share transfers. Such fees are standard in the industry and if a fee is required, the transfer agent will alert the investor of such charges and how to pay via credit card, check or wire.
NFTs have no royalties, equity ownership, or dividends. NFTs are for utility, collection, redemption or display purposes only. Anyone may buy and sell NFTs on Upstream.
*U.S. or Canadian-based citizens or permanent residents may only deposit, buy, or sell securities on Upstream after being introduced by a licensed broker dealer. Note that U.S. or Canadian-based investors include those U.S. or Canadian citizens who may be domiciled overseas. For a list of Upstream Introducing Brokers, please visit the Upstream Support Center.
Upstream is a MERJ Exchange market. MERJ Exchange is a licensed Securities Exchange, an affiliate of the World Federation of Exchanges, a National Numbering Agency and member of ANNA. MERJ supports global issuers of traditional and digital securities through the entire asset life cycle from issuance to trading, clearing, settlement, and registry. It operates a fair and transparent marketplace in line with international best practices and principles of operations of financial markets. Upstream does not endorse or recommend any public or private securities bought or sold on its app. Upstream does not offer investment advice or recommendations of any kind. All services offered by Upstream are intended for self-directed clients who make their own investment decisions without aid or assistance from Upstream. All customers are subject to the rules and regulations of their jurisdiction. By accessing the site or app, you agreed to be bound by its terms of use and privacy policy. Company and security listings on Upstream are only suitable for investors who are familiar with and willing to accept the high risk associated with speculative investments, often in early and development stage companies. There can be no assurance the valuation of any particular company's securities is accurate or in agreement with the market or industry comparative valuations. Investors must be able to afford market volatility and afford the loss of their investment. Companies listed on Upstream are subject to significant ongoing corporate obligations including, but not limited to disclosure, filings, and notification requirements, as well as compliance with applicable quantitative and qualitative listing standards.
Forward-Looking Statements
This communication contains "forward-looking statements." Such statements may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential," or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions, and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company's control, and cannot be predicted or quantified, and, consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) difficulties in obtaining financing on commercially reasonable terms; (ii) changes in the size and nature of our competition; (iii) loss of one or more key executives or brand ambassadors; and (iv) changes in legal or regulatory requirements in the markets in which we operate. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.
SOURCE: Horizon Fintex
