UPDATES HERE Element Trading Technologies LLC, Next Stop China
Nov 12, 2013
OTC Disclosure & News Service
Port Washington, NY -
Element Trading Technologies LLC, Next Stop China
Element Trading Technologies LLC, a wholly owned subsidiary of United Treatment Centers Incorporated OTC symbol UTRM, is in negotiations to open their first branch office in China.
New York, NY?(Marketwire ? November 12, 2013) - Element Trading Technologies LLC
(PINKSHEETS: UTRM) a leading proprietary trading firm based in New York is pleased to announce that they are in final negotiations with an established trading group located in the province of Fujian China. The group presently has 50 traders, and on an average month executes over 500 million shares with net trading profits of $300,000.00. Active trading in China has gained popularity with a young growing population. Computer savvy and discipline this young Chinese population has a yen for the U.S equities markets. Element Trading Technologies equips these traders with lighting fast direct access execution software along with an institutional transaction rate that enables these traders to scalp pennies out of the markets and still make a net profit on the trade.
?We are very excited about this opportunity to establish a presence in China; we believe the potential for Element Trading in this region of the world could be enormous. This group has an initial 50 traders but could easily increase that to 300 traders over the next six months just in that location. Element Trading controls all risk management from a data center in Jersey City, New Jersey. There is very little cost involved in opening these branches since the location costs are all paid by the licensed office. Our infrastructure is already in place, only additional servers would be required as trading volume increases. As we continue to open branches around the globe we can expect a direct increase in our bottom line, we have been laying the ground work and anticipate that we will begin to see results by the first quarter of 2014. Nothing worth doing happens quickly, we have a long term plan and we are committed to executing it. Just last month we announced the signing of our first representative in India. We will continue to open branch offices and exclusive representation agreements around the globe in the coming year.? Said Charles Vaccaro CEO and President of United Treatment Centers Inc.
?Safe Harbor Statement? under the Private Securities Litigation Reform Act of 1995. This press release contains forward-looking statements that involve risks and uncertainties. The statements in the Release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements.
Contact:
Element Trading Technologies
888-568-1830
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
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