Posts Tagged “get flat”

Ziyen Energy Names David Greenberg Chairman of New ZYEN Digital Energy Trading Platform

November 11th, 2019

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SAN DIEGO, November 11, 2019, (GLOBE NEWSWIRE)

Ziyen Energy is pleased to announce that David Greenberg has been appointed Chairman of a newly formed energy production asset tokenization and trading platform, ZYEN.

David Greenberg is currently Chairman of Greenberg Capital, LLC. He previously served three terms on the New York Mercantile Exchange (NYMEX) Board as well as the Executive Board, where he helped oversee a growth in valuation from $800 million to $12 billion and one of the most successful initial public offerings (IPO’s) in U.S. history. He was also President of Sterling Commodities Corporation, one of the largest local commodity clearinghouses. During his tenure with NYMEX, Mr. Greenberg was involved in the development and widespread adoption of the very first electronic trading platform to emerge in the commodity trading industry.

The ZYEN Digital Trading Platform, to be launched in 2020, will provide a platform for tokenizing productive energy assets using permission-based blockchain technology, creating a liquid market for previously illiquid assets. ZYEN users will include owners of productive energy assets and those raising funds to develop renewable and carbon-based energy.

ZYEN was formed as a collaboration between Ziyen Energy and other innovative leaders in the energy, tokenization and blockchain fields, including Oilsphere, with its PetroVisor-Open Integration Platform for the digital transformation and analysis of upstream oil and gas projects using integrated machine learning and artificial intelligence; and Intain, one of the world’s leading blockchain and AI technology companies utilizing evidence and research based technology to build intelligent blockchain applications.

Alastair Caithness, CEO of Ziyen Energy, notes that “David’s experience and knowledge in digital commodity trading will be invaluable as we work to develop the ZYEN Digital Trading Platform. ZYEN will be entirely on a blockchain, a permission-based network in which digital shares (tokens) will be sold and traded with ease, security and autonomy.”

David Greenberg adds, “I am looking forward to working closely with Alastair and the team at Ziyen Energy to pool our knowledge and resources to launch the ZYEN Digital Trading Platform, which I believe is the evolution of the commodities industry.”

Listen to the podcast with David Greenberg here– Also Featured in Apple and Google Podcast

Learn more about Ziyen Energy and ZiyenCoin by reading our 2019 Ziyen Inc. Corporate Overview.

If you would like a copy of ZiyenCoin’s Security Token Offering (STO), email support@ziyen.com or visit www.ziyen.com for more information.

About Ziyen Energy:
Ziyen Energy is a technology-driven energy company incorporated in the State of Wyoming, U.S.A. in April 2016. Originally formed as a software company providing information on the oil, gas, power and energy sectors, Ziyen specializes on business information, contracts, news and information by developing cutting edge procurement and supply chain software to provide clients with intelligence on industry specific government and private contracts. In addition, Ziyen Energy currently owns interests in 18 oil assets based in the Illinois Basin, which covers Illinois, Indiana and Kentucky. The equity of Ziyen Energy has been tokenized and issued as ZiyenCoin which is offered for sale as a Security Token pursuant to SEC Rule 506(c) of Regulation D.

For more information visit www.ziyen.com

Forward Looking Statements:
Certain statements in this press release including, but not limited to, statements related to anticipated commencement of commercial production, targeted pricing, performance goals, and statements that otherwise relate to future periods are forward-looking statements. These statements involve risks and uncertainties, which are described in more detail in reports filed with the SEC. Forward-looking statements are made and based on information available to the company on the date of this press release. Ziyen Inc. assumes no obligation to update the information in this press release.

La Familia de Broward County: David Greenberg: “Broward County is going to be the jewel of South Florida”

May 29th, 2019

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David Greenberg: “Broward County is going to be the jewel of South Florida”

Chaos is opportunity”, said recently David Greenberg, Director of Business Development College of Business of Florida Atlantic University, during an interview before delivering to a pack room his “Financial Leadership and Entrepreneurship” conversation, at Broward & Beyond Business conference.

As a 9/11 survivor, Mr. Greenberg has complete authority of those words. According to the 9/11 Tribute Center “he was able to help the exchange get back into operation in one week. It was the only building in the WTC area to be open during the first few months. NYMEX brought over 1,000 people in by ferry to operate and keep the market open”.

Lecturer, financial expert and motivational speaker, Mr. Greenberg gave sound advice for new entrepreneurs:

-La Familia de Broward: You’re a 9/11 survivor, how can that experience inspire and benefit new entrepreneurs?

-David Greenberg: (In 9/11) We were in the New York Mercantile Exchange, where the world of oil is trade. When the Exchange went down, I got a call from the White House -meeting in the board with chairman Vinny Viola- to get it up and running the next day. What you learn from chaos is that you have to be prepared to understand that there is opportunity in it.

In every business there is going to be times that chaos happens. What I teach in my lectures is that you can be the person in the room that when everybody is just freaking out -when they said ‘oh my God the sky is falling’- you can take a breath and go, ‘OK, this isn’t fatal’. This we learn in 9/11; If you lived through it, you realized it’s not fatal and worked it out. If you realized that, and you take a breath, take a step back, and take the emotion out the problem and work the problem, there is nothing that you can’t solve.

Chaos is opportunity”, David Greenberg

The problem that most people have when something occurs in business, is that they just panic and think the world is coming to and end. They think ‘what are people going to say, or do?The thing is, by the way, it doesn’t matter what people say or do, the question is what are you going to do?

David Greenberg

When I talked to my students, I asked them, are you going to be a CEO one day? They told me sure, when I am 40. I told them; No, I am making you a CEO today. How? (they ask) I am making you the CEO of your own life. One thing an entrepreneur has to understand -starting at any age-, is that they have to be the CEO of their own life before they become a CEO of a business. They can’t make excuses and have to take full responsibility and not blame anybody else. Once you accept that, you realize that you will make some mistakes and making them isn’t the worst thing in the world. Relax, work the problem, function. This chaos is opportunity.

LF: What is happening in Broward county in terms of business?DG: Broward County in the coming years is going to be the jewel of South Florida. Everybody talks about Miami and West Palm for different reasons -all good reasons- but I think what you are going to see is the next evolution of what Broward can and will be in the future. There is a concerted effort as you see in this conference to help lift everybody in this county to give them more options, more concepts, more ideas and how to not only better themselves but better the county itself.

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The Street Interview with David Greenberg

July 10th, 2015

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The Street: How The New York Stock Exchange Glitch Wounded an American Icon

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NEW YORK (TheStreet) — What we learned Wednesday when the markets were barely fazed by a three-hour shutdown of the New York Stock Exchange felt a lot like Dorothy Gale’s discovery that the Great and Powerful Oz was really just a carnival showman standing behind a curtain.

The New York Stock Exchange is the original business behind the Wall Street brand, synonymous with American capitalism and financial prowess. Pictures of the havoc there during the Black Thursday crash in 1929 and the Black Monday crash in 1987 have become history book staples. Last year, it was the global leader in initial public offerings, or IPOs, for the fourth straight time, raising $70.3 billion, according to a regulatory filing.

So when it shut down at 11:32 a.m. Wednesday, “Breaking News” alerts flashed across financial news channels, and newspapers and Web sites trotted out the banner type. But U.S. markets kept functioning with only minimal disruption. The trading floor, as usual, was largely empty. The crowds were outside, and they were mostly tourists, accompanied by a brief surge in TV reporters.

It should have mattered more. A decade or two ago, it would have. That it didn’t shows the gap between the symbolic importance of the building at the corner of Wall and Broad streets and its actual place in markets dominated by electronic platforms and algorithm-based trading.

By the time the exchange fully reopened at 3:10 pm, that place was all too evident..

For the three preceding hours, trades that might otherwise have been routed through the NYSE were instead sent to one of 10 other public exchanges or 50 private exchanges, also known as dark pools. Traders, some of whom were on the NYSE floor during the outage, found other ways to go about their business. Those based outside of New York, such as Michael Antonelli, a sales trader at Robert W. Baird, barely noticed the outage.

“Dark pools are just one example of other places to execute stock,” he said in an interview. Others are the BATS Global Markets exchanges, the New York Stock Exchange’s Arca platform, which was unaffected, and the Nasdaq Stock Market.

On Wednesday, they helped. “Instead of routing to the NYSE, I can route to a dark pool and look for liquidity,” Antonelli said.

Indeed, the NYSE accounts for only about 20% of the public trading volume today, according to BATS, as compared with nearly 80% almost 20 years ago. Wednesday’s NYSE volume was in line with previous days as the system was up and running for the 4 p.m. market close — which is typically one of the highest-volume trading times.

That explains why a trading floor once packed with people jockeying for position and relying on elaborate hand signals to communicate now serves more as an elaborate television set.

“It is the biggest stage in the world,” former NYSE marketing chief Marissa Ricciadi said in a 2013 interview. “The venue itself is both the financial news epicenter as well as a TV studio.”

And that calls into question the importance of the NYSE’s often-lauded human touch. 

“It’s hard to say that 25% of all NYSE trading is done on the floor,” said David Greenberg a former NYMEX board member and president of Schaeffer Greenberg Advisors. “While it might be on the floor, I would assume that 24%of the 25% is traded electronically on their pads and could be done from anywhere.”

The shutdown also calls into question how much the exchange learned from the its two-day shutdown when Tropical Storm Sandy struck New York three years ago, flooding large swaths of the Financial District and leaving lower Manhattan without electrical power.

Exchange officials made improvements throughout the following year and said in the fall of 2013 that their contingency plans were more robust than ever.

For comparison, the U.S. government requires its agencies to implement a Continuity of Operations Plan (COOP) to ensure essential functions continue under a range of circumstances, including disaster and cyber-attacks.

In February, the Securities and Exchange Commission implemented new rules requiring companies including the NYSE to establish written procedures for maintaining operational capability and testing continuity, disaster recovery plans and backup systems.

Such procedures were voluntary previously, and the financial markets essentially implemented their own “business continuity” plan by instituting multiple trading platforms.

In a detailed statement Thursday, the New York Stock Exchange, purchased two years ago by Intercontinental Exchange Inc., blamed the shutdown on the rollout of a new software release that led to gaps in electronic communication. Customers began reporting issues as early as 7 a.m., and when modifications failed to resolve them, officials decided to suspend trading altogether.

Marissa Arnold, a spokeswoman, declined to comment on why the exchange didn’t have systems in place to prevent the interruption.

“This seems like something they should have had a more coherent plan for because it should not have been hard for them to roll everything back,” said Justin Cappos, New York University assistant professor of security, operating systems and networks. “They should have a mechanism for doing this in less than 3.5 to 4 hours.”

Running the equivalent of a fire drill on the rollout beforehand “would have probably saved them many hours of outage time,” he said. “It’s very possible that they did test it, but when they did test it, they didn’t test it thoroughly enough to uncover this situation.”

The exchange’s explanation didn’t satisfy Greenberg either.

“NYMEX learned many years ago the dangers of a mid-week roll out of new technology,” he said. The exchange “should have known better, and this is no excuse for a major exchange to be down for over three hours without having the ability to switch to a back up system within minutes.

“This halt along with the inability of the NYSE to open after Hurricane Sandy placed a major dent into their brand. This showed once again the NYSE has become less relevant.”

 

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Consulting & Lecture Series

January 6th, 2014

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CNBC: NASDAQ shuts down, flash freeze

August 22nd, 2013

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