Pyxis Group, Principia Consulting Partner CommodityAI To Modernise Commodity Operations

 

KUALA LUMPUR, June 12 (Bernama) -- Pyxis Group, a global advisory firm, together with its joint venture partner Principia Consulting, announced a strategic partnership with CommodityAI, the agentic artificial intelligence (AI) platform purpose-built for physical commodity operations.

The three firms will collaborate to help commodity traders, producers, and industrial consumers modernise their trading operations and unlock the full value of AI, according to Pyxis Group in a statement.

The partnership combines CommodityAI's agentic AI platform with Pyxis Group and Principia Consulting's commodity advisory and Commodity Trading and Risk Management (CTRM) & Energy Trading and Risk Management (ETRM) implementation experience to modernise global commodity operations.

“The partnership brings together Pyxis's advisory expertise, Principia's deep CTRM implementation experience, and CommodityAI's technology in a way that is genuinely end-to-end.

“We can now support clients from strategy through to live deployment — across every major market where we operate,” said Pyxis Group Managing Director, Kunal Ramtri.

Physical commodity trading relies heavily on emails, documents and chat communications, while the CTRM and Enterprise Resource Planning (ERP) systems underpinning trading operations require structured and accurate data.

CommodityAI's AI agents operate at the intersection of communications and systems, reading unstructured information, reconciling it and writing structured records back into CTRM and ERP platforms where trade and operations data reside, resulting in cleaner data, faster processing and a stronger foundation for advanced analytics.

Pyxis supports asset-backed traders and trading companies globally in business transformation, CTRM and ERP implementation, and AI adoption, while Principia, an integration partner of ION Commodities, provides implementation expertise across major CTRM, ETRM and ERP platforms used throughout the industry.

Together, the three firms offer clients an integrated capability spanning strategy, implementation and intelligent automation, covering the full spectrum from operational improvement to AI-enabled transformation.

-- BERNAMA

AM BEST RATES EXCELLENT CREDIT RATINGS FOR HONG KONG’S SAIC CAPTIVE

KUALA LUMPUR, June 12 (Bernama) -- Global credit rating agency, AM Best has assigned a financial strength rating of A- (Excellent) and a long-term issuer credit rating of “a-” (Excellent) to Hong Kong’s SAIC Motor Insurance Limited (SAIC Captive).

The outlook assigned to these credit ratings (ratings) is stable, reflecting SAIC Captive’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.

Established in 2025, SAIC Captive is a single-parent captive of SAIC Motor Corporation Limited (SAIC Motor), the largest state-owned motor manufacturer in China, and serves as its dedicated risk management and insurance arm.

According to AM Best in a statement, SAIC Motor is majority owned by Shanghai Automotive Industry (Group) Co Ltd (SAIC Group), the ultimate parent, which is wholly owned by the Shanghai municipal government.

During its start-up phase, SAIC Captive is primarily focused on underwriting individual motor liabilities for SAIC Motor-produced vehicles, including motor extended warranty, product replacement coverage and expense reimbursement insurance, while prudently retaining group-related commercial risks.

AM Best said SAIC Captive's very strong balance sheet strength assessment is supported by its initial capital of US$49 million and risk-adjusted capitalisation, as measured by Best's Capital Adequacy Ratio, which is projected to remain at the strongest level under its initial five-year plan from 2026 to 2030. (US$1=RM4.05)

The credit rating agency attributed this to low underwriting leverage, a prudent investment portfolio, strong liquidity and appropriate reinsurance arrangements.

SAIC Captive projects moderate underwriting losses during its early years due to start-up expenses but expects a turnaround within the first five years of operation. The company also expects its bottom line to be supported largely by investment income, generating an average mid- to low-single-digit return on capital and surplus over the next five years.

AM Best said SAIC Captive's operational and business execution risks are manageable and are partially offset by the company's management experience, underwriting expertise and accumulated data from its key business lines.

-- BERNAMA

SOLUM SHOWCASES SMART RETAIL SOLUTIONS, PARTNERSHIPS IN SOUTHEAST ASIA

SOLUM introduced its local partnership models in Singapore (Image: SOLUM)

KUALA LUMPUR, June 12 (Bernama) -- SOLUM has held its "Singapore Private Show", showcasing smart retail solutions and partnership models tailored to the Southeast Asian market as it seeks to expand its regional presence.

The company said the event brought together retailers and solution providers from sectors including grocery, shopping malls, convenience stores, cosmetics and electronics to explore technologies aimed at improving monetisation, operational efficiency and artificial intelligence (AI)-driven transformation.

According to SOLUM in a statement, the showcase highlighted collaborations with five partners — Huawei APAC, Omnishelf, NStory, elTOV and Broadsign — to support retailers through digitalisation and data-driven services.

SOLUM Singapore Head, Yi Ki Chul said the company has established a collaborative framework combining its operational capabilities with the local data and infrastructure expertise of its partners.

He said proven references are an important competitive factor in the Southeast Asian market and that the company aims to convert proof-of-concept discussions from the event into practical deployments in retail operations.

In the area of monetisation, SOLUM said it is working with Broadsign to help retailers generate new revenue streams through in-store advertising, while collaboration with NStory focuses on data-driven monetisation strategies for the food and beverage and small and medium-sized business segments.

To improve operational efficiency, the company has jointly developed a Bluetooth Low Energy (BLE)-based network environment with Huawei APAC to support Internet of Things (IoT) devices, including Electronic Shelf Labels (ESL), and integrated its platform with Omnishelf to enable real-time shelf inventory digitisation.

SOLUM is also supplying hardware to elTOV to support the development of an AI-powered wayfinding service model for shopping malls and airports, reflecting growing adoption of AI-based visitor engagement services in Southeast Asia.

-- BERNAMA

Bitget CFD Rolls Out Zero-Fee Mode Amid Daily Volume Growth Toward $10B

VICTORIA, Seychelles, June 11 (Bernama-GLOBE NEWSWIRE) -- Bitget, the world’s largest Universal Exchange (UEX), today announced the launch of Zero-Fee Mode for Bitget CFD, introducing a commission-free account option designed to make CFD trading more flexible, transparent, and accessible.

The launch comes as Bitget CFD continues to scale rapidly, with daily trading volume reaching $8 billion in May and moving closer to the $10 billion milestone. This growth reflects rising demand for multi-asset trading access, as users increasingly seek efficient ways to trade global markets within a unified platform.

Bitget CFD now offers a dual-account structure that gives users greater control over how they trade. The existing ECN Mode remains available for professional, short-term, and high-frequency traders who prefer tighter spreads with volume-based commissions, while the new Zero-Fee Mode is designed for users who favor a more straightforward cost structure with standard spreads and no trading commissions.

The update is driven by growing user demand and feedback around more intuitive trading experiences. Rather than imposing a single model, Bitget CFD now gives users the flexibility to choose the account type that best matches their capital size, trading strategy, experience level, and personal preferences.

“Multi-asset access is becoming the new standard for trading platforms, and CFD is central to how Bitget is delivering that future,” said Gracy Chen, CEO of Bitget. “By introducing Zero-Fee Mode, we are providing users with greater flexibility to engage in global markets, further advancing our mission to make financial opportunities more accessible within a single, integrated ecosystem.”

This introduction follows a string of successes for Bitget CFD, including its debut industry honor as the Best Global Multi-Asset Trading Platform at the Online Trading Expo. Previously, the platform noted that non-crypto assets accounted for up to 40% of trading activity on certain days this year. Gold and U.S. indices, such as the NAS100, remain the platform’s two most popular trading products, driving overall volume growth.

Within Bitget’s UEX vision, Bitget CFD plays a key role in connecting crypto and traditional market access through one integrated trading ecosystem. The addition of Zero-Fee Mode strengthens Bitget’s broader effort to make multi-asset trading more accessible, flexible, and aligned with different user needs.

For more information about the launch, visit here.

About Bitget

Bitget is the world's largest Universal Exchange (UEX), serving over 125 million users and offering access to over 2M crypto tokens, 100+ tokenized stocks, ETFs, commodities, FX, and precious metals such as gold. The ecosystem is committed to helping users trade smarter with its AI agent, which co-pilots trade execution. Bitget is driving crypto adoption through strategic partnerships with LALIGA and MotoGP™. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. Bitget currently leads in the tokenized TradFi market, providing the industry's lowest fees and highest liquidity across 150 regions worldwide.

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord

For media inquiries, please contact: media@bitget.com

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bcc77153-f7cf-40a5-8e4a-10979c9f2206

SOURCE: Bitget Limited

DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.

--BERNAMA

Bitget Makes Professional US Stock Market Data Free

VICTORIA, Seychelles, June 12 (Bernama-GLOBE NEWSWIRE) -- Bitget, the world’s largest Universal Exchange (UEX), has introduced free Level 2 market data for US stocks, becoming one of the first trading platforms to offer professional-grade market depth information to eligible users at no additional cost.

Level 2 market data has historically been associated with professional trading desks and institutional participants due to the cost of exchange data licensing. By making these tools available to eligible users at no additional cost, Bitget is lowering one of the longstanding barriers between retail and professional market access, while providing deeper visibility into order flow and liquidity conditions.

The feature provides access to Nasdaq TotalView and Blue Ocean market data feeds, offering up to 40 levels of bid and ask depth, depth charts, and real-time trade information across US pre-market, regular trading hours, after-hours, and overnight sessions. Eligible users who qualify for VIP 1 through trading volume or VIP 3 through asset holdings can access the service free of charge, amounting to annual savings of up to $276 compared with traditional market data subscriptions.

The launch follows the announcement of Bitget's Stocks 2.0, which has expanded access to equities, ETFs, stock perpetuals, tokenized assets, and multi-asset trading tools. As the lines between crypto and traditional markets continue to blur, traders increasingly expect the same level of market intelligence and execution tools regardless of asset class.

“Crypto makes financial opportunities more open and accessible,” said Gracy Chen, CEO of Bitget. “In traditional markets, data and insights come at a premium. We’re eradicating that by making professional grade stock market data available to our users, who can now access tools that were once limited to a small segment of the market.”

This further expands Bitget's Universal Exchange vision, where crypto assets and tokenized financial instruments live together, operating within a unified trading environment. By combining professional-grade market infrastructure with multi-asset access, Bitget continues building toward a trading experience where users can navigate global markets from a single platform.

For more information, visit here.

About Bitget

Bitget is the world's largest Universal Exchange (UEX), serving over 125 million users and offering access to over 2M crypto tokens, 100+ tokenized stocks, ETFs, commodities, FX, and precious metals such as gold. The ecosystem is committed to helping users trade smarter with its AI agent, which co-pilots trade execution. Bitget is driving crypto adoption through strategic partnerships with LALIGA and MotoGP™. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. Bitget currently leads in the tokenized TradFi market, providing the industry's lowest fees and highest liquidity across 150 regions worldwide.

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord

For media inquiries, please contact: media@bitget.com

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/6d83c5a1-52e2-4800-bed7-53748ef2b0d9

SOURCE: Bitget Limited

DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.

--BERNAMA

AERIS WINS CONNECTIVITY LEADER AWARD AT AUTOTECH AWARDS 2026

KUALA LUMPUR, June 11 (Bernama) -- Aeris, a global leader in wireless management platforms, security services, and connected vehicle programmes, has won the Connectivity Leader Award at the AutoTech Awards 2026.

The award recognises leaders in automotive connectivity and innovation that enhance vehicle integration and the driver experience. Aeris was honoured for advancing connected mobility through its ability to simplify management, enhance security and optimise performance at scale.

As the unifying platform for automotive ecosystems worldwide, Aeris' connectivity management platform (CMP) powers more than 30 automotive original equipment manufacturers (OEMs) through its tier-one mobile network operator (MNO) partners, supporting more than 41 million connected vehicles across 180 countries.

“We are deeply honoured to receive this recognition from AutoTech. The connected vehicle ecosystem is complex. It is challenging to manage a sprawling global fleet across multiple carriers while keeping pace with growing applications and unseen risks.

“Aeris gives auto OEMs a single pane of glass to manage the integration of global connectivity, security, and vehicle services, enhanced with agentic AI, so they can focus on delivering exceptional experiences to their customers,” said its Chief Executive Officer, Aziz Benmalek in a statement.

Aeris said its platform helps OEMs and fleet operators improve operational observability and analytics across the connected vehicle ecosystem, while enabling earlier issue detection and faster response through proactive monitoring, cross-service correlation, over-the-air (OTA) assurance and fleet control strategies.

The platform also strengthens security across connected fleets through zero-trust policy enforcement, delivers connected experiences at scale across automotive Internet of Things (IoT) use cases, and provides next-generation connectivity through 5G Standalone (SA) communications.

-- BERNAMA

SMARTSTREAM CUTS CTSL RECONCILIATION TIME TO UNDER FIVE MINUTES

KUALA LUMPUR, June 11 (Bernama) -- Smartstream, a data solutions provider, announced that Comrade Trustee Services Limited (CTSL) has gone live with Smartstream’s Air, the artificial intelligence (AI) reconciliation and data automation solution, reducing processing times from eight hours to under five minutes.

In a statement, Smartstream said the implementation delivers a fully automated, straight-through reconciliation workflow, enabling CTSL to improve operational efficiency, accuracy and auditability.

“This go-live demonstrates how AI-driven data automation can address complex data structures and file formats, delivering measurable efficiency gains and improved accuracy. We look forward to continuing our partnership with CTSL as their needs evolve,” said Smartstream Regional Director, APAC, Radha Pillay.

Meanwhile, Comrade Trustee Services General Manager Member Services, Freddy Manihoru said moving to Smartstream’s Air had transformed the company's reconciliation processes.

“What was previously a highly manual and complex process is now fully automated, enabling us to accurately manage our members' contributions and ensure that no contributions are missed or inconsistent,” he said.

According to Smartstream, CTSL operates in a complex data environment, reconciling multiple file types, including fixed-length files and PDFs that require advanced matching logic.

CTSL adopted Air for its ability to handle diverse data structures, custom integrations and ETL-based transformations, delivering high automation and match rates while replacing manual data collection and Excel pre-processing.

Smartstream said Air uses AI to automate reconciliations, improve match rates and provide full auditability across complex and high-volume data environments, supporting scalability, control and operational resilience.

-- BERNAMA