Category Archives: Chess
Leading Brokerage Moomoo Offers CHESS-sponsored Trades to Australian Investors – PR Newswire
SYDNEY, April 9, 2024 /PRNewswire/ -- Nasdaq listed brokerage moomoo announced that CHESS-sponsored trades will be available on its platform starting from 8th April, as a reinforcement of its commitment to improving the trading experience and investor protection for Australian clients. Moomoo now offers seamless access to the CHESS-sponsored Australian Securities Exchange (ASX) shares with trading fees as little as AUD $3 per trade.
The Clearing House Electronic Subregister System (CHESS) is a computer system utilised by the ASX to keep records of shareholdings and manage the settlement of share transactions. Trading through a CHESS-sponsored broker like moomoo enables investors to own and access the ASX shares directly, which also provides greater flexibility for investors to switch between brokers while keeping their holdings unaffected.
In conjunction with the existing security measures that moomoo has already put in place, including holding client funds with HSBC Bank Australia to fully segregate from moomoo's own fund, and insuring clients' US assets by SIPC for up to $500,000 in securities and $250,000 in uninvested cash, the CHESS-sponsored model also added an extra layer of security for client assets.
Starting from 8th April, CHESS sponsorship will automatically apply to all new moomoo trading accounts in Australia, and all new clients will be assigned a unique Holder Identification Number (HIN), which simplifies the process of buying, selling and transferring ASX stocks.
With a HIN, investors can manage their share portfolios across different brokers more efficiently. The streamlined transfer process also allows for easier switching between brokers, significantly reducing paperwork and administrative hassles.
By consolidating their holdings under the same HIN, moomoo users in Australia gain the advantage of leveraging more competitive prices and diverse product offerings on the platform. Moomoo will also enable its current clients to switch to CHESS-sponsored accounts upon request.
Trade with a value-first broker
Moomoo currently provides Australian investors with a comprehensive range of investment options, granting them one-stop access to over 22,000 shares and ETFs across Australia, US and Hong Kong markets, which helps investors build a diversified portfolio to better capture investment opportunities worldwide.
As a value-first broker in Australia, moomoo stands out for its highly competitive rates and fees. By offering Aussies incredible low trading fees, moomoo charges a flat fee of only USD $0.99 per trade* for trading US stocks and ETFs, and as low as AUD $3** per trade for trading Australian stocks and ETFs. This commitment to affordability positions moomoo as an ideal choice for all investors seeking exceptional value-for-money brokerage services.
To cater to the diverse needs of investors across all trading levels, moomoo empowers Australian users with free access to a wide array of professional-level features. These include a comprehensive suite of over 100 technical indicators and a variety of patented charting tools, enabling investors to make informed decisions based on advanced market analysis.
Additionally, moomoo's exclusive AI-powered capabilities, such as trend projection, indicator sentiment, and candlestick pattern recognition, provide users with valuable insights into their investment strategies. Moomoo also offers users access to round-the-clock global news and reports from reputable sources like Bloomberg and Dow Jones, which ensures investors can stay ahead of the market trends to make timely and well-informed decisions.
In addition to accessing Level 2 quotes for US stocks for free, global users can enjoy an exclusive free trial of Nasdaq TotalView, a standard data feed that displays the full order book depth on Nasdaq between 1st May and 31st July. New users can sign up for the TotalView free trial here.
To support beginners in their investment journey, moomoo offers over 740 free investment courses that can be customized to meet individual learning needs. The moomoo community, which brings together over 21 million global investors, serves as a platform to facilitate the exchange of ideas and experiences.
In Australia, moomoo has awarded as the Best Investment Platform for Beginners for the second consecutive years by financial wellness platforms WeMoney, and named Online Broker Rising Star Gold Winner by Money Magazine. These accolades reflect moomoo's commitment to revolutionizing the trading landscape and empowering investors of all levels.
*Other pass-through fees and FX costs are not included. **Moomoo may charge $3 per trade or 0.03% of the transaction value, whichever is greater.
About moomoo
Based inSydney, NSW,Australia, Futu Securities (Australia) Ltd is an indirect and wholly owned subsidiary of Futu Holdings Ltd, an advanced technology company transforming the investing experience by offering a fully digitized brokerage and wealth management platform. Futu Holdings Ltd was ranked second inFortunemagazine's Fortune 100 list in 2022.
Moomoo's mission is to provide all investors with an intuitive and powerful investing platform, built with proprietary technology. We leverage our deep technological R&D capabilities and future-focused operating model to constantly improve our clients' experience and drive industry-wide innovation.
Securities services available on the moomoo App are offered by but not limited to the following brokerage firms: Futu Securities (Australia) Ltd regulated by the Australian Securities and Investments Commission (ASIC); Moomoo Financial Inc. regulated by the U.S. Securities and Exchange Commission (SEC), Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority ofSingapore(MAS), and Futu Securities International (Hong Kong) Ltd. regulated by the Securities and Futures Commission ofHong Kong(SFC).
Moomoo Financial Inc. is a member of the U.S. Securities Investor Protection Corporation (SIPC). The SIPC provides limited protection over an investor's U.S. securities and cash when a member brokerage firm is to be liquidated. SIPC does not protect against losses due to market volatility.
SOURCE moomoo
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Leading Brokerage Moomoo Offers CHESS-sponsored Trades to Australian Investors - PR Newswire
ASX’s CHESS Replacement Project to be Staggered – The Global Treasurer
The Clearing House Electronic Subregister System (CHESS) replacement by the Australian Securities Exchange will be implemented in two stages, with the clearing phase set to be launched in 2026 and the settlement and sub-register phases to follow in either 2028 or 2029.
This decision was made after the exchange terminated the software developed in collaboration with Digital Asset in November 2022, which had been in development for over 8 years and faced numerous delays.
The CHESS replacement project is a monumental undertaking for the ASX. The original system, developed in the 1990s, has been the backbone of the ASXs operations for over two decades. However, the rapid advancement of technology and the increasing complexity of financial transactions necessitated a more robust and flexible system.
The replacement project was initially planned in collaboration with Digital Asset, a software company specializing in distributed ledger technology. However, after more than eight years of development and delays, the ASX made the strategic decision to scrap the initial plans with Digital Asset in 2022.
In November 2022, the ASX announced that it had chosen Tata Consulting Services (TCS) to run the new CHESS replacement project. TCS, a global leader in IT services, consulting, and business solutions, emerged as a fitting choice for this complex and critical project.
The new CHESS replacement will be delivered in two phases, with clearing to be rolled out first in 2026, followed by settlement and sub-register in either 2028 or 2029.
The new system will offer numerous benefits, including increased efficiency, flexibility, and security. It will also provide a more robust platform for the ASX to develop new services and products, further enhancing its position in the financial sector.
However, the project also presents challenges. The transition to the new system will require careful management to ensure minimal disruption to the ASXs operations.
Furthermore, the ASX will need to work closely with its stakeholders, including brokers, investors, and regulators, to ensure a smooth transition.
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ASX's CHESS Replacement Project to be Staggered - The Global Treasurer
8-Year-Old Boy Becomes Youngest Chess Player to Defeat Grandmaster – The Daily Beast
Eight-year-old chess prodigy Ashwath Kaushik made history Sunday, becoming the youngest person to ever win a match against a grandmaster in an official tournament. Kaushik, who was born to Indian parents in Singapore, defeated grandmaster Jacek Stopa in Switzerlanda shock result that eliminated the 37-year-old Polish grandmaster from the Burgdorfer Stadthaus-Open. The previous record was set just last month when a fellow 8-year-old chess prodigy, Leonid Ivanovic, shockingly defeated a grandmaster that was decades his senior. Ashwath is almost five months younger than Leonid. He finished the tournament in 12th placea position thats expected to send his chess rating soaring. Ashwaths dad said previously that he learned how to play chess when he was four by playing online at ChessKidan application he used for as many as seven hours a day to play against other children and his grandparents. He picked it up on his own, his dad, Kaushik Sriram, told Chess.com. Its surreal as there isnt really any sports tradition in our families.
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8-Year-Old Boy Becomes Youngest Chess Player to Defeat Grandmaster - The Daily Beast
2024/02/20 DPA: "I’m Sorry, Those Seats Are Taken" – Chess.com
White to move.
Black's Queen has limited mobility.
1. Bg5 attacks the Queen and is supported by White's Queen. 1. ... Qh3 2. Bf1. : every light square along the c8-h3 diagonal is covered.
Black can try to escape with 1. ... Nxf3. There's no way to get rid of the Knight prior.
2. Rxf3 [2. Bxh4 Nxd2 3. Rxd2 Bxc3, forking the Rooks] Qg4 and White has won a piece for a pawn.
The key was recognizing how few squares the Black Queen had and how White controlled most of them with the pawns doing great work.
The solution chose 1. ... Qh3, which is not optimal. There were other reasonable alternatives involving attacking the White Queen with either Knight moving to c4 but the idea of attempting to trap the Black Queen is still sound regardless of what the opponent does.
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2024/02/20 DPA: "I'm Sorry, Those Seats Are Taken" - Chess.com
High-Stakes Chess: Alaska and Hawaiian Airlines’ Latest Maneuvers Examined – Beat of Hawaii
Alaska Airlines Ben Minicucci and Hawaiian Airlines Peter Ingram have been on tour in Hawaii to help bolster their proposed merger, which will soon be in the sights of the US Justice Department. Their most recent stop among many was a business meeting at the Hilton Hawaiian Village Waikiki Beach Resort hosted by the Chamber of Commerce Hawaii.
How much does getting local buy-in to their 1.9B plan of merger matter now, with the whole deal contingent on federal regulatory approval? We say it could be important to have the communitys backing.
Alaska thinks so, too. They recently established a Hawaii Community Advisory Board to honor Hawaii and Hawaiian Airlines.
During their discussions, the well-known CEOs pointed to significant benefits that would be realized, including a major route expansion. We predict the fleet will be rebranded Alaska-Hawaiian, and Alaska will strategically deploy the widebody fleets, originally from Hawaiian, globally.
It would not surprise us to see Seattle to Sydney, for example. Currently, that route does not exist. What Hawaiian gives Alaska is the chance to be an international widebody carrier, especially across the Asia Pacific region. That would not be possible otherwise, given Alaskas all Boeing 737 fleet.
Honolulu would become the second-largest hub in the Alaska network. We would expect to see the current Hawaiian Airlines lounges in Honolulu significantly upgraded. Alaska has further said it will continue serving POG and be competitive and robust with interisland service.
Hawaiian was enthusiastic about the strengthened loyalty program that would ensue, saying, Now you can use those miles on a larger network. Now youve chosen what miles on oneworld, and really the strength of that combined loyalty program is going to be really powerful for our guests from here in Hawaii.
Exactly how a combined loyalty program would work remains elusive and will be determined with other significant issues later in the process.
We cant help but recall the expression on Peter Ingrams face when they announced the merger, and it appeared to us to be anything but enthusiastic (image above). But that was two months ago, and now the situation is different. By the way, this is more like Peter normally looks.
Alaskas affable Minicucci emphasized something inaccessible to Hawaiian Airlines passengers. That was the recognition that the most elite passengers would receive access to all of Alaskas lounges and those of oneworld Alliance.
Currently, Hawaiian Miles are relatively useless beyond the scope of Hawaiians limited flight network. That compared with Alaskas miles, which BOH editors have used for travel on other global airlines nimbly.
As a global alliance comprising more than a dozen airlines, the CEOs believe the merger will enhance competitiveness against the Big Four airlines. However, they acknowledged that the merger is still in the planning stages, requiring careful consideration of factors such as combining reservation systems and staff.
Alaska said it plans to grow the combined airlines presence in Honolulu and Hawaii. Minicucci said, Our idea, just to be clear, is to grow this pie, not to keep it the same. We see a big presence here.
That posturing aims to assure Hawaii stakeholders that the 7,000 Hawaiian Air employees, primarily based in Hawaii, will still be needed. Ben continued, Most of the operations personnel, of course, well need. The question is what the back-office support will be. Obviously, theres a duplication in both companies. Were going to work through that whole process, and were going to be extremely communicative in terms of what our progress is.
There is no further information since the merger was first announced. At that time, questions from those in the audience included how the two envision combining staff that have both union and non-union personnel.
Also this week, Alaska announced its annual incentive payout, which paid employees $200 million last year. Based on company performance, employees earn an added bonus. Alaska said that equated to more than 6 percent of most employees annual pay last year.
Hawaiian has confirmed that it has obtained FAA approval to deploy its free Starlink WiFi on the companys troubled Airbus A321neo, which is currently being installed on that fleet. It will be the first major airline to put this technology on board, and it is expected to be the fastest, most capable inflight connectivity available worldwide, offered free to every guest.
In addition to regulatory approval, the merger awaits concurrence from shareholders, including those at Hawaiian, who will vote in just two weeks. A Hawaiian Airlines shareholder lawsuit has also been filed to block the merger. The entire process may take up to 18 months.
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High-Stakes Chess: Alaska and Hawaiian Airlines' Latest Maneuvers Examined - Beat of Hawaii
Honorary Grandmaster Title Posthumously Awarded To Sultan Khan – Chess.com
On Friday, February 2, 2024, the legendary chess player Mian Sultan Khan (1903-1966) was posthumously awarded the honorary grandmaster title. FIDE President Arkady Dvorkovich presented the award to caretaker Prime Minister of Pakistan Anwaar-ul-Haq Kakar at a ceremony in Islamabad.
Khan was one of the most remarkable chess talents the chess world has ever seen. As a British subject from Punjab (he became a Pakistani citizen in 1947), he visited Europe between 1929 and 1933, when he proved himself to be at the level of some of the world's best chess players.
In a period of just four years, before returning to India, Khan scored a number of great successes on the chessboard:
Below is Khan's win against Capablanca, played on December 31, 1930. "The fact that even under such conditions he succeeded in becoming a champion reveals a genius for chess which is nothing short of extraordinary," wrote Capablanca years later.
Sadly for the chess world, Khan's career at the board was short-lived. In late 1933 he returned to the Khushab district of the Punjab (present-day Pakistan), where he owned land and where he lived until his death in 1966.
Acknowledging his world-class results, some chess fans had been pushing for Khan to get the grandmaster title for a while. This finally happened at the ceremony on Friday in Islamabad.
GM Daniel King, who published a book about Khan in 2020, commented: "In 1950, FIDE made the grandmaster title official, recognizing several leading players of the day, as well as players from the past who were beyond their peak, but still living. Sultan Khan was at least as strong as several of those players, and that was a sad omission. It is fitting that this great player and great man has been posthumously awarded the grandmaster title."
Khan might not be the only one to receive this treatment. "We are considering a couple more such successful players," Dvorkovich told Chess.com.
"We appreciate and welcome this belated recognition by FIDE," Khan's granddaughter Atiyab Sultan commented to Chess.com. Sheadded that the correct name of her grandfather is Mian Sultan Khan, saying: "Mir was added erroneously by western writers."
As part of their efforts to give him his due, Sultan and her father Ather Sultan have authored an authentic and comprehensive biography of him for which they are currently seeking an international publisher.
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Honorary Grandmaster Title Posthumously Awarded To Sultan Khan - Chess.com
This is What Happens When You Train Chess Every Day for a Month! – ChessBase
2/1/2024 ChessBase media manager Arne Kaehler comes up with amusing ideas daily. One of these has now been brought to life: The challenge is to study chess using all ChessBase products for at least two hours daily over a month, and to win a tournament as the group's lowest-rated player. Sounds crazy? Perhaps. But what could possibly go wrong when chess is such a delightful activity? In the forthcoming video series, Arne invites you to join his adventure, looking into nearly everything ChessBase offers, learning from chess experts, experiencing ups and downs, and, most importantly, addressing the ultimate question: Will he actually succeed? | Photo: (right) Sandra Schmidt
ChessBase 17 & Fritz 19
The perfect combination: the professional database program ChessBase 17 plus the brand new world champion program Fritz19. This Christmas bundle includes ChessBase 17 as a single program and the full version of the new chess program Fritz19.
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This is What Happens When You Train Chess Every Day for a Month! - ChessBase
S Mari Arul clinches 20th International Chess Puzzle Solving Contest 2024 – ChessBase India
FIDE Master and former Indian youth Under-25 champion S Mari Arul of Southern Railways took the first place in the World Chess Federation of Composition's 20th International Chess Solving contest 2024 which concluded recently at Aladi Aruna Public School, Chennai. The contest was organised by Aladi Aruna Foundation under the aegis FIDE in association with Mount Chess Academy & Magnus Chess Academy on 21st January 2024.
Champion and Runner-up - SMari Arul and S Raghuraman
The second place was taken by another renowned solver S Raghuraman of Chesslang Group while the third spot went to veteran solver Seetharaman Kalyan.
Second Runner-up - Seetharaman Kalyan
20th International Chess Puzzle Solving Contest 2024 banner
January 4th of every year is celebrated as the International Day of Chess Composition and in that month contests related to Chess Problem Solving, Problem Composition and other activities are held throughout the world.
Winner - S Mari Arul solving a puzzle
On 21st January, there were solving contest for Advanced, Intermediate solvers as well as for newcomers to the world of chess problem solving. Event was inaugurated with an introductory lecture on Chess Problem Solving and Composition by renowned International Master of Chess Composition, CGS Narayanan.
Coordinator IM CGS Narayanan in action
The intermediate and the junior category were won by K S Naveen and Jason Jebezilin respectively.
Winner in Junior category - Jason Jebezilin
Solvers in action
The problem solving contests had total of 56 participants across all categories filling up the venue hall and carried a total prize amount of 10000 and 5000 worth of cups for ten prize winners in the junior category.
Organizer and winner's team
The Chief Guests of the Valedictory function were Women Grand Master Savitha Shri B and Dr. V Balaji, Founder and Correspondent, Aladi Aruna Foundation jointly distributed the prizes to the winners in the presence of Mr. CGS Narayanan, International Master for Chess Composition, Event Coordinators V Ravichandran, FIDE Trainer and Candidate Master and R Muthukumar, International Arbiter.
20th International Solving Contest 2023 organised by Aladi Aruna Foundation
Advanced Category
Intermediate Category
Junior Category - Under-13
V Ravichandran
Fide Trainer and Candidate Master
Local Controller for Chennai-India
International Solving Contest 2024
V Ravichandran is an International Rated Chess player, FIDE Trainer, Candidate Master and International Arbiter. He is also a Research & Development Committee Member, All India Chess Federation. He has officiated as an Arbiter in the 44th Chess Olympiad 2022, officiated as Indian team chess coach at Commonwealth Chess Championship in Sri Lanka 2022. Furthermore, he is a founder member of Mount Chess Academy, Chennai which organised many Nationals and International rated chess tournaments.
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S Mari Arul clinches 20th International Chess Puzzle Solving Contest 2024 - ChessBase India
Chess Controversy: FIDE Awards Sultan Khan Honorary GM Title – BNN Breaking
Chess Controversy: Mir Sultan Khan Posthumously Awarded Honorary Grandmaster Title
The world of chess has been rocked by a recent development that has sparked spirited debates on social media. The International Chess Federation (FIDE), led by President Arkady Dvorkovich, has posthumously awarded the Honorary Grandmaster title to Mir Sultan Khan, a legendary chess player who hailed from the pre-partition era of India. This recognition has not only made Sultan Khan Pakistans first grandmaster, but it has also ignited a controversy about the posthumous nationality attribution and the potential political motives behind FIDEs decision.
Born in 1903 in Sargodha, now part of Pakistan, Sultan Khans rise to the top of the chess world was nothing short of remarkable. Despite learning chess with traditional Indian rules and having a limited grasp of English, Sultan Khan managed to win the British Chess Championship three times between 1929 and 1932. His victories against former world champion Jos Ral Capablanca and draws with other prominent champions of the time have cemented his reputation as one of the greatest chess players of his era.
The decision to award Sultan Khan the Honorary Grandmaster title has not been without its critics. Scottish Grandmaster Jacob Aagaard was particularly vocal about his discontent, suggesting that FIDEs decision was influenced by political motives rather than merit-based reasons. Aagaard argued that the posthumous award to Sultan Khan is insulting to those who work for decades to achieve the title. Meanwhile, others have questioned the attribution of Sultan Khans nationality, considering he played for pre-partition India.
Amid the controversy, FIDEs decision to recognize Sultan Khan as a grandmaster comes at an interesting time, as the federation has been making efforts to promote chess in Pakistan. President Dvorkovich recently visited Pakistan for the launch of the countrys National Mind Sports Initiative, an effort aimed at improving chesss popularity and infrastructure in the nation.
In conclusion, while Sultan Khans recognition as a grandmaster has stirred up controversy, it has also shed light on the chess legends extraordinary achievements and FIDEs ongoing efforts to promote chess in Pakistan. The debate continues, but the legacy of Sultan Khan remains unchallenged.
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Chess Controversy: FIDE Awards Sultan Khan Honorary GM Title - BNN Breaking
Who is Jose Martinez? Chess streamer gets once in a million draw against GMHikaru – Sportskeeda
The first major online Chess tournament of the year, the Champions Chess Tour Chessable Masters 2024, witnessed an unexpected turn. Notably, Peruvian streamer and Grandmaster Jose Martinez, also known as "GMJospemm," secured a draw against fellow streamer and Grandmaster Hikaru "GMHikaru" from what appeared to be a completely losing position; the phenomenon has been described as "once in a million."
GMJospemm is one of the leading Spanish-speaking Twitch streamers with nearly 30K followers. He's renowned for his chess content and holds impressive FIDE ratings of 2610 (Classical), 2641 (Rapid), and 2703 (Blitz).
On Chess.com, the streamer boasts a Rapid rating of 2724 and a Blitz rating of 3067. He has previously won the platform's weekly online blitz tournament called Titled Tuesdays.
Jose Martinez, also known as GMJospemm, had an intriguing day during the Play-in of the 2024 Champions Chess Tour Chessable Masters. The streamer and Grandmaster concluded the day at the top of the table with 7.5 points, 0.5 points ahead of third-place holder, GMHikaru.
Despite delivering a strong performance throughout the day, the Peruvian streamer found himself in a deeply poor position when he faced GMHikaru. However, on move 55, the latter appeared to blunder his knight.
Until that point, the position heavily favored white with a significant advantage of +4.9 (with GMHikaru playing as white). However, a simple oversight ended up costing him the win and his material advantage.
Naturally, a visibly startled GMHikaru was seen with his head in his hand, and this reaction was captured by the Chess.com livestream. Watch the moment he made a blunder:
(Timestamp: 04:10:41)
Jose Martinez wrapped up Day 1 of the Champions Chess Tour Chessable Masters 2024 by topping the table. This which was especially noteworthy as it aligned with his birthday on January 31, making it a particularly enjoyable day for him.
At the end of Chess.com's stream, the 25-year-old was interviewed about his performance. The Peruvian said (Transcript via Chess.com stream):
(Timestamp: 04:54:15)
Meanwhile, GM Hikaru has been one of the most discussed players in recent months. He has been involved in a back-and-forth with fellow Grandmaster Vladimir Kramnik, who has been suggesting that Hikaru's online matches should be scrutinized.
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Who is Jose Martinez? Chess streamer gets once in a million draw against GMHikaru - Sportskeeda