OKEx reveals over 300% growth in trading volumes this year

Perpetual swap products saw the most growth, followed by spot trading

VICTORIA, Seychelles, Nov. 17, 2021 (GLOBE NEWSWIRE) — OKEx — a top cryptocurrency exchange and DeFi ecosystem — today reported 308% growth in total trading volumes over the past year. OKEx’s total trading volume of all listed assets grew from $1.8 trillion in October 2020 to $7.4 trillion as of October 2021.

Breaking down this massive growth, perpetual swap products on OKEx saw the highest increase, with trading volume growing by 455% year-over-year. Cryptocurrency spot and futures products also saw impressive growth in terms of trading volumes — up 365% and 209%, respectively.

In October 2021, BTC, DOGE, SHIB, OKB, ETH and SOL were among the top-10 assets with the highest trading volumes on OKEx spot markets. Total spot trading volumes for the 10 assets combined reached a monthly high of over $6.5 billion, which reflects increasing industry-level interest in dog-themed memecoins, as well as decentralized finance.

OKEx’s notable growth in trading volumes is accompanied by the firm’s market-leading push into the DeFi, GameFi and nonfungible token (NFT) spaces. This fall, OKEx launched a DeFi mode on both its website and mobile app, featuring a bespoke Web 3.0 wallet, as well as an NFT Marketplace and play-to-earn crypto gaming center. The platform also recently launched an advanced trading feature, portfolio margin, specifically designed to improve capital efficiency for professional and institutional traders.

“We are extremely pleased to witness this positive growth trajectory over the past year,” said OKEx CEO Jay Hao, adding:

“This would not have been possible without the support from our valued customers — the trusted OKEx family. In the past year, we upheld our commitment to better serve our customers with the launch of various offerings, including the new DeFi mode on OKEx, which includes a self-custodial, decentralized wallet, as well as an NFT Marketplace and blockchain game center.

To cater to institutional and professional traders, a CME-like portfolio margin system was introduced as part of our efforts to build the world’s most powerful trading platform for crypto traders. As we celebrate our fourth anniversary, we look forward to expanding our offerings and further growing our family in the global markets.”

Andrea Leung
andrea.leung@okex.com

NetSfere and Deutsche Telekom Partner to Deliver a Compliant Mobile Messaging Platform Enabling Instantaneous, Secure Staff Communication for Germany’s St. Augustinus Group

The companies deployed the HIPAA/GDPR compliant encrypted messaging platform to stop the use of consumer-grade messaging apps and streamline internal and patient communications

CHICAGO, Nov. 17, 2021 (GLOBE NEWSWIRE) — NetSfere, a global provider of next-generation secure and compliant messaging and mobility solutions, today announces its partnership with Deutsche Telekom, one of the world’s leading integrated telecommunications companies, to deploy NetSfere’s secure mobile messaging platform in all St. Augustinus hospitals, a leading German healthcare group.

Quick, instantaneous communication tools offer undisputed benefits to streamline staff communication, however, St. Augustinus noticed an alarming increase in the use of personal devices and popular messaging apps like WhatsApp, which pose critical privacy and compliance risks. In response, NetSfere and Deutsche Telekom partnered to implement NetSfere’s HIPAA and GDPR compliant messaging platform that offers similar functionality to apps like WhatsApp but provides the highest level of end-to-end encryption through Deutsche Telekom’s highly secure data center.

“NetSfere is designed to meet security and compliance requirements in regulated verticals including healthcare,” says Franz Obermayer, NetSfere’s Vice President Europe. “Medical professionals do high-pressure, life-changing work, which demands a communication platform that enables them to do so more effectively. Our partnership with the St. Augustinus Group provides secure, compliant, and flexible messaging options that eliminate the need for staff members to turn to risky messaging apps. With NetSfere, the exchange of patient data is protected to the maximum.”

Unlike consumer-grade messaging apps, NetSfere provides enterprise-grade functionalities that boost collaboration and streamline communications including individual and group messaging, HD audio calling, screen sharing, and group video calling. New to the platform, the NetSfere Lifeline emergency broadcast feature allows HR and crisis teams to quickly disseminate high priority, critical alerts and emergency information to targeted teams or an entire organization in an attention-grabbing manner. St. Augustinus is leveraging NetSfere broadcasting within its hospital to keep employees up-to-date on information related to the pandemic through its “Corona Ticker” NetSfere Lifeline channel.

“In the sensitive medical environment, it must be possible to communicate quickly and securely. NetSfere is the specialist for instant messages in companies. Telekom brings its expertise in security, consulting, and service. Together, we can meet the special industry requirements, and that is quite crucial right now,” says Hagen Rickmann, Managing Director Business Customers, Telekom Deutschland GmbH. “In this way, we can directly contribute to relieving the burden on staff and support optimal patient care.”

“It is our responsibility to equip our employees with suitable tools. They must be able to do their work effectively. At the same time, the privacy of our patients must be protected,” says Rainer Pappert, Managing Director of the St. Augustinus Group. “With the introduction of NetSfere, we followed the wishes of our employees: They want to use their personal devices. And they want to do so with an easy-to-use messaging app. So, we quickly introduced NetSfere for internal communication. With it, we quickly achieved better productivity and collaboration. Between teams, but also within our entire group. And that’s about 5,600 colleagues.”

St. Augustinus was drawn to using NetSfere as a solution for its staff not only because of its robust functionality, but also its industry recognition. In 2018 and 2019, NetSfere was selected by Entscheiderfabrik, a platform for IT decision makers of over 800 German hospitals, as the winner of the “Digitization Topic of the German Healthcare Industry.”

“Key highlights from our recently published VoTE: Digital Pulse, Business Reinvention & Transformation 2021 show that information security, employee productivity and business continuity remain top of mind for IT decision-makers,” said Raúl Castañón-Martinez, Senior Analyst for Workforce Collaboration at 451 Research, part of S&P Global Market Intelligence division. These factors will drive market requirements for business communications and collaboration, particularly for mobile, remote/hybrid and frontline workers across verticals and use cases such as field workers and healthcare providers.”(1)

For more information, visit www.netsfere.com.

1. 451 Research, part of S&P Global Market Intelligence division, “The hybrid workplace, Part 3: Emerging requirements and use cases for real-time communications and collaboration” (August 2021)

About NetSfere
NetSfere is a secure enterprise messaging service and platform from Infinite Convergence Solutions, Inc. NetSfere provides industry-leading security and message delivery capabilities, including global cloud-based service availability, device-to-device encryption, location-based features and administrative controls. The service is also offered in partnership with Deutsche Telekom GmbH, one of the world’s leading integrated telecommunications companies, and with NTT Ltd., a global information communications & technology service provider, to jointly offer NetSfere to its worldwide customers. The service leverages Infinite Convergence’s experience in delivering mobility solutions to tier 1 mobile operators globally and technology that supports more than 400 million subscribers and over a trillion messages on an annual basis. NetSfere is also compliant with global regulatory requirements, including GDPR, HIPAA, Sarbanes-Oxley, ISO 27001 and others. Infinite Convergence Solutions has offices in the United States, Germany, India and Singapore. For more information, visit www.netsfere.com.

About Deutsche Telekom
Deutsche Telekom is one of the world’s leading integrated telecommunications companies, with some 242 million mobile customers, 27 million fixed-network lines, and 22 million broadband lines. We provide fixed-network/broadband, mobile communications, Internet, and IPTV products and services for consumers, and information and communication technology (ICT) solutions for business and corporate customers. Deutsche Telekom is present in more than 50 countries. With a staff of some 226,300 (Dec 31, 2020) employees throughout the world, we generated revenue of 101 billion Euros in the 2020 financial year, about 66 percent of it outside Germany.

About St. Augustinus Group
The Christian non-profit St. Augustinus Group is one of the largest and most successful companies in the health and social sector in the Rhineland. Its focus is on somatics, psychiatry, and elderly and disabled assistance. The group has 3,000 beds, over 5,600 employees from 68 nationalities, in 85 locations and a turnover of around 345 million euros (2019).

Media Contact
Brittany Johnson
Uproar PR for NetSfere
bjohnson@uproarpr.com
312-878-4575 x246

A video accompanying this release is available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/d49c9ba2-b23b-490d-8c39-7cf18d6933df

Business School Applications Surge Proves Not a Fad, Sustaining 2020 Growth

Survey finds international students rebound as women and U.S. underrepresented groups flock to full-time MBA programs

RESTON, Va., Nov. 17, 2021 (GLOBE NEWSWIRE) — The Graduate Management Admission Council™ (GMAC™), a global association of leading graduate business schools, today released its anticipated annual 2021 Application Trends Survey. The survey of nearly a thousand MBA and business master’s programs found that in 2021, the volume of applications for graduate business school programs grew 0.4 percent from the year before, sustaining the elevated demand since the onset of a global pandemic in 2020 when business schools worldwide saw unusually high volume of applications due to the economic uncertainty.

“Candidates looked for alternative career options during the COVID induced recession and business schools introduced more flexible admissions policies, resulting in soaring application volumes last year,” said Sangeet Chowfla, president and CEO of GMAC. “The question was whether this was a fleeting event caused by the pandemic or the start of a new uptick in applications. In this context, the 2021 application cycle indicates that the surging demand for graduate business education is not a passing fad but has staying power beyond 2020.”

Key Findings

International candidates rebound in top-ranked business schools

After years of unwelcoming immigration policies in parts of the world and months of global travel restrictions due to COVID-19, pent-up demand from international students for graduate business schools was evident in this year’s data. Weighted absolute year-on-year change in application volumes from international candidates ― the applicants whose citizenship differs from that of the country where the program is located ― shows an increase of 4.1 percent compared to a decline of 3.8 percent from domestic candidates, the applicants who are citizens of the country where a program is located. More programs in Europe, the U.S., and the U.K reported decline in applications from domestic candidates when compared across regions.

This difference between international and domestic application volume is especially apparent for full-time MBA programs among leading business schools. The share of full-time two-year MBA programs showing growth in applications from international candidates has doubled from 28 percent in 2019 to 57 percent in 2021. Furthermore, twice as many U.S. programs ranked in the top 50 according to the US News & World Report saw an increase in applications from international candidates (73%) as domestic candidates (36%).

“Business school learning is experiential and relies heavily on interactions, discussions and cohort and alumni networks. This is impossible without a diversity of perspectives and backgrounds,” said Katy Montgomery, Associate Dean of Degree Programmes at INSEAD and a GMAC board member. “As student mobility gradually returns, the diversity it brings to a classroom will only benefit and enrich campus life.”

Women, U.S. underrepresented minorities return to in-person, full time MBA programs

Full-time MBA programs continued gaining traction in 2021. Half of full-time one-year (52%) and two-year (56%) MBA programs report an increase in applications in 2021, above all programs averaged at 41 percent. On the contrary, professional MBA programs such as part-time MBA, executive MBA, and online MBA programs ― those geared toward the needs of working professionals ― saw their share in those reporting application growth at the lowest level since 2017.

This year’s application data also indicates that globally, women candidates emerging from the shadow of the pandemic refocused on their career ambitions, with three in five (60%) full-time two-year MBA programs reporting an increase in applications from female candidates compared to two in five (43%) programs reporting growth from male candidates. In comparison, a much smaller share of online MBA programs (42%) reported growth in applications from female candidates, indicating women’s preference to return to in-person, full time learning.

In the U.S., women and underrepresented minorities (URM) reported similar desire to study on campus. More full-time two-year MBA programs reported growth in URM applications in 2021 (56%) compared to pre-pandemic 2019 (37%) or the online program (30%). Even more notably, female URM candidates demonstrated an impressive 22 percent increase between 2019 (38%) to 2021 (60%) in their share of applications for full-time two-year MBA programs.

About the Report

The annual GMAC Application Trends Survey focuses on global demand for graduate management education and analyzes differences by programs and regions for the 2020-2021 admissions season (incoming class of 2021). This survey data was collected between July 8 and August 23, 2021, and garnered responses from 967 programs at 269 business schools worldwide. This is the 23rd year the survey has been conducted, contributing to the greater understanding of the value of graduate business degrees and global and regional trends. More details of the full report, and other research series produced by GMAC, are available on gmac.com/research.

About GMAC

The Graduate Management Admission Council™ (GMAC™) is a mission-driven association of leading graduate business schools worldwide. Founded in 1953, GMAC creates solutions and experiences that enable business schools and candidates to better discover, evaluate, and connect with each other.

GMAC provides world-class research, industry conferences, recruiting tools, and assessments for the graduate management education industry, as well as tools, resources, events, and services that help guide candidates through their higher education journey. Owned and administered by GMAC, the Graduate Management Admission Test™ (GMAT™) exam is the most widely used graduate business school assessment.

More than 12 million prospective students a year trust GMAC’s websites, including mba.com, to learn about MBA and business master’s programs, connect with schools around the world, prepare and register for exams and get advice on successfully applying to MBA and business master’s programs. BusinessBecause and The MBA Tour are subsidiaries of GMAC, a global organization with offices in China, India, the United Kingdom, and the United States.

To learn more about our work, please visit www.gmac.com

Media Contact:

Teresa Hsu
Sr. Manager, Media Relations
202-390-4180 (mobile)
thsu@gmac.com

Dickey’s Barbecue Pit Expands in Egypt

Texas-style barbecue restaurant announces new Cairo location

Dallas, Texas, Nov. 17, 2021 (GLOBE NEWSWIRE) — Dickey’s Barbecue Pit’s international expansion continues to move strong into the Middle East with the introduction of the newest location in Cairo, Egypt. The world’s largest barbecue franchise partnered with the Swinder Group to open its first location in Egypt.

Swinder’s operators, the Toama family, purchased their first Dickey’s Barbecue Pit franchise in 2019 but were unable to open due to the COVID-19 pandemic. The Cairo restaurant is now set to open in early December 2021.

“We are excited to bring a truly unique concept to Cairo, featuring iconic premium meats and savory Southern sides that will delight seasoned barbecue fans or newbies alike,” says Abdelrahman Toama, a partner at Swinder. “We couldn’t be more thrilled with our corner unit location in the City Centre Almaza mall. The location is close to the airport and generates a lot of foot traffic so customers can conveniently satisfy their craving for mouth-watering, slow-smoked Texas-style barbecue.”

The unit is a single level with seating for approximately 124 guests.

“The entry into Cairo, as our first stop into Africa is extremely symbolic, as Cairo is complete with history, culture and cuisine. This partnership will anchor our brand and act as an international showcase to the entire continent. I couldn’t be happier for Dickey’s as well as the man who started this with me, Abdelrahman Toama,” says Jim Perkins, Executive Vice President of International Sales and Support at Dickey’s Barbecue Pit.

Dickey’s Barbecue Pit sells slow smoked beef brisket, beef sausage, smoked turkey, and savory sides.

“Since my family opened the first Dickey’s in 1941, we’ve made it our mission to serve as many guests as possible the very best barbecue out there,” says Roland Dickey. Jr., CEO of Dickey’s Capital Group. “We are happy to partner with the Swinder Group and welcome them into the Dickey’s Family.”

To learn more, follow Dickey’s Barbecue Pit on Facebook, Instagram and Twitter. Download the Dickey’s Barbecue Pit app from the Apple App Store or Google Play.

About Dickey’s Barbecue Restaurants, Inc.

Dickey’s Barbecue Restaurants, Inc., the world’s largest barbecue concept, was founded in 1941 by Travis Dickey. For the past 80 years, Dickey’s Barbecue Pit has served millions of guests Legit. Texas. Barbecue.™ At Dickey’s, all our barbecued meats are smoked onsite in a hickory wood burning pit. Dickey’s proudly believes there’s no shortcut to true barbecue and it’s why they never say bbq. The Dallas-based, family-run barbecue franchise offers several slow-smoked meats and wholesome sides with ‘No B.S. (Bad Stuff)’ included. The fast-casual concept has expanded worldwide with international locations in the UAE and Japan. Dickey Family Restaurant brands have over 550 locations nationwide. In 2016, Dickey’s won first place on Fast Casual’s “Top 100 Movers and Shakers” list, was named a Top 500 Franchise by Entrepreneur in 2018 and was named to Hospitality Technology Industry Heroes in 2021. Led by CEO Laura Rea Dickey, who was named among the country’s 50 most influential women in foodservice in 2020 by Nation’s Restaurant News and was recognized as one of the top 25 industry leaders on Fast Casual’s 2020 Top 100 Movers and Shakers list, Dickey’s Barbecue Pit has also been recognized by Fox News, Forbes Magazine, Franchise Times, The Wall Street Journal and QSR Magazine. For more information, visit www.dickeys.com.

Lauren Tweet
Dickey's Barbecue Pit
469-594-3723
ltweet@dickeys.com

Straive launches an all-new official website as part of its branding evolution

SINGAPORE, Nov. 17, 2021 /PRNewswire/ — Straive (erstwhile SPi Global), a market-leader in technology driven content and data solutions, today unveiled its new and comprehensive official website. An extension of the rebrand earlier this year, the new website marks Straive’s next step on its journey of redefining the brand. With 250+ pages live today, the website is a window into Straive’s capabilities across EdTech, Data Solutions, Research and Education Content capabilities.

Say hello to Straive’s all new website

Capturing the new visual identity, the website has been developed with an intuitive design to enhance the content consumption experience. Along with Straive’s solutions, the website also showcases the technological capabilities across customer segments and the various industries that the company operates in. The website’s Insights section features original articles, research, whitepapers, e-briefs, videos, case studies and more to create holistic thought leadership and enable industry knowledge exchange.

On the website launch, Ratan Datta, President and CEO, Straive, said, “The rebranding and the new website are a reflection of our long-term vision and the evolution of Straive as a company. In line with the new visual identity of the brand, our website features a younger, fresher, and a more vibrant appeal while delivering a multitude of insights at the same time. We are hopeful that the new website will offer a meaningful experience to visitors and resonate with their business needs. The new website represents our pledge to keep evolving along with our customers in elevating knowledge to solve the critical problems of our time.”

Straive Logo

The website also offers a peek into the Life & Culture at Straive and various career opportunities from across the world along with an introduction to the leadership team and an extensive newsroom.

To explore our new website, click here.

About Straive (erstwhile SPi Global)

Straive (earlier known as SPi Global) is a market leading content technology enterprise that provides data services, subject matter expertise (SME) and technology solutions to multiple domains such as research content, e-Learning/EdTech and data/information providers. With a client-base scoping 30 countries worldwide, Straive’s multi-geographical resource pool is strategically located in eight countries- Philippines, India, USA, China, Nicaragua, Vietnam, United Kingdom and the company headquarters in Singapore.

For media queries , reach out to Kshitiz Ahuja, Lead- Brand and PR, kshitiz.ahuja@spi-global.com

Photo: https://mma.prnewswire.com/media/1687130/Straive_New_Website.jpg
Logo: https://mma.prnewswire.com/media/1678685/Straive_New_Logo.jpg

LeddarTech Presents Innovative Solutions in ADAS and AD: The Value of Raw Fusion for Perception and the Benefits of a Flexible Platform in Sensor Development in December

QUEBEC CITY, Nov. 17, 2021 (GLOBE NEWSWIRE) — LeddarTech®, a global leader in providing the most flexible, robust and accurate ADAS and AD sensing technology, is pleased to announce its participation as a host and co-presenter at various events in December. These events will showcase LeddarTech’s comprehensive end-to-end technology platforms, which enable customers to solve critical sensing and perception challenges across the entire value chain of the automotive, mobility and off-road markets. The featured solutions include the LeddarVision™ sensor fusion and perception platform for Tier 1s and OEMs and the cost-effective, scalable LiDAR XLRator development solution based on patented LeddarEngine™ technology designed for LiDAR makers and Tier 1-2 manufacturers.

December 2, 2021: The Autonomous, a global member-only organization that comprises technology companies committed to working together in shaping the future of autonomous driving, hosts LeddarTech at this exclusive virtual event:

“Reimagining Autonomy: A Platform Approach”

A stellar lineup of partners will come together to explore the ADAS and AD landscape, the challenges and the emerging technologies that are positioned to solve these challenges. This event will consist of keynote presentations, panel discussions and a roundtable deep dive session.

Presenters:

  • Frantz Saintellemy, President and COO from LeddarTech
  • Marco Angelici, MEMS Micro Actuators Business Unit Director from STMicroelectronics
  • Thomas Brandes, Senior Marketing Manager for Visible and IR Lasers from ams OSRAM Group
  • Eric Hoarau, Head of Automotive Strategic Partnerships from Flex

Register for these limited tickets at this virtual event here.

December 6, 2021: All About Circuits, a leader in tech media, hosts LeddarTech and Omni Design for a global webinar:

Are Solid-State LiDARs Ready for Mass-Market Deployment?”

LeddarTech and Omni Design are collaborating to address this market requirement to enable mass production of solid-state LiDAR products that meet stringent automotive requirements and provide exceptional performance and significantly lower cost and power consumption while enabling a smaller form factor and faster time-to-market.

Presenters:

  • Pierre Olivier, Chief Technology Officer of LeddarTech
  • Dr. Manar El-Chammas, Vice President of Engineering at Omni Design Technologies

Pierre and Manar will share the synergy of solutions between the two organizations and jointly describe how they collaborate, synergistic benefits to LiDAR manufacturers and Tier 1 suppliers and the roadmap for collaboration.

Register for this virtual event here.

December 9, 2021: Reuters Events, a division of the international Reuters news organization, will be hosting LeddarTech at this global event:

“Sensor Fusion and Perception Solutions for Critical ADAS and AD Applications”

In this exclusive hands-on workshop, LeddarTech and guests will explore why perception software is a crucial enabler and accelerator of ADAS and AD in Level 1-5. While perception continues to represent a big challenge for automakers as they advance to the next levels of autonomy, this workshop will discuss how raw data fusion and perception software can accelerate this advancement by more than three years.

Presenters:

  • Pierre Olivier, Chief Technology Officer of LeddarTech
  • Stav Yoffe, Senior Product Manager, Sensor Fusion of LeddarTech

Register for limited tickets for this virtual event here.

For a complete list of LeddarTech’s upcoming live and virtual events, including CES 2022, please visit leddartech.com/events.

About LeddarTech
LeddarTech provides the most flexible, robust and accurate ADAS and AD sensing technology for autonomous vehicles and advanced driver assistance systems. Founded in 2007, LeddarTech has evolved to become a comprehensive end-to-end environmental sensing company by enabling customers to solve critical sensing, fusion and perception challenges across the entire value chain. The company offers cost-effective and scalable solutions such as LeddarVision™, a raw-data sensor fusion and perception platform that generates a comprehensive 3D environmental model with multi-sensor support for camera, radar and LiDAR configurations. It is scalable to support all vehicle automation levels. In addition, LeddarTech supports LiDAR makers and Tier 1-2 automotive system integrators with LeddarSteer™, a digital beam steering device, and the LiDAR XLRator development solution for automotive-grade solid-state LiDAR development based on the LeddarEngine™ and core components from global semiconductor partners. The company is responsible for several innovations in cutting-edge automotive and mobility remote-sensing applications, with over 100 patented technologies (granted or pending) enhancing ADAS and autonomous driving capabilities.

Additional information about LeddarTech is accessible at www.leddartech.com and on LinkedIn, Twitter, Facebook and YouTube.

Contact:
Daniel Aitken, Vice-President, Global Marketing, Communications and Product Management, LeddarTech Inc.
Tel.: + 1-418-653-9000 ext. 232
daniel.aitken@leddartech.com

Leddar, LeddarTech, LeddarSteer, LeddarEngine, LeddarVision, LeddarSP, LeddarCore, VAYADrive, VayaVision, XLRator and related logos are trademarks or registered trademarks of LeddarTech Inc. and its subsidiaries. All other brands, product names and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.

VICTOR F. “TREY” TRAHAN, III, FAIA, SELECTED AS THE 2021 LAUREATE OF THE AMERICAN PRIZE FOR ARCHITECTURE BY BOTH THE CHICAGO ATHENAEUM: MUSEUM OF ARCHITECTURE AND DESIGN AND THE EUROPEAN CENTRE FOR ARCHITECTURE ART DESIGN AND URBAN STUDIES

New Orleans, LA /New York, NY, Nov. 16, 2021 (GLOBE NEWSWIRE) — New Orleans, LA/ New York, NY –Trahan Architects, a global architecture firm with studios in New Orleans and New York City, announced today that its founder and CEO, Victor F. “Trey” Trahan, III, FAIA, has been selected as the 2021 Laureate for The American Prize for Architecture by The Chicago Athenaeum: Museum of Architecture and Design and The European Centre for Architecture Art Design and Urban Studies.

The Chicago Athenaeum additionally recognized two Trahan Architects projects for American Architecture Awards—the Ochsner Center for Innovation and the New England Mixed-Use Development.

“Kindness and compassion are exactly what best exemplify the works of Victor F. “Trey” Trahan, III, FAIA,” stated Christian Narkiewicz-Laine, architecture critic and museum president/CEO of The Chicago Athenaeum. “Over the past three decades, Trahan’s buildings have demonstrated a combination of those qualities of talent, vision and commitment that have produced consistent and significant contributions to humanity and to the built environment through the art of architecture. They have had the unique capacity to convey seemingly conflicting characteristics—power and modesty, boldness and subtlety, public authority and bravado, and at the same time, a sense of humble intimacy.”

Narkiewicz-Laine continued, “The work is powerfully honest and authentic—sublime masterpieces of sincerity, erudition, steeped in a thorough knowledge of the discipline of architecture, and aspirations of profound cultural awareness. His built work gives opportunity and equality to the less privileged, mitigates the effects of natural disasters, reduces energy consumption, follows a resolute humanitarian agenda with the highest criteria and social objectives, and provides spaces that, at their best, welcome the public at large. Innovative and inspiring, he shows how architecture can and should improve people’s lives and impact our otherwise ordinary existence—lifting us far and beyond the hectic and chaotic nature of our time, place and cities. In this decade, this is an architect that deserves even greater professional and public accolade.”

The Award, organized jointly by two public institutions, The Chicago Athenaeum: Museum of Architecture and Design and The European Centre for Architecture Art Design and Urban Studies, honors American architects, as well as other global architects practicing on multiple continents, whose body of architectural work, over time, exemplifies superior design and humanist ideals. The American Prize for Architecture pays tribute to the spirit of the founder of modernism, Louis Sullivan, and the subsequent generations of Chicago practitioners such as Frank Lloyd Wright, Daniel H. Burnham and Holabird & Root. It also broadcasts globally the significant contributions of America’s rich and inspiring architecture practice and its living legacy to the world at large.

“To be selected as the 2021 Laureate for the American Prize for Architecture by the Chicago Athenaeum’s International Advisory Committee and for two of our projects to be awarded The American Prize for Architecture is an honor,” said Trahan. “These awards exemplify our ethos and commitment to rootedness, artistry, materiality and our responsibility to designing for spatial equity.”

Previous Laureates include Sir Norman Foster, Michael Graves, the General Services Administration, Richard Meier, Adrian Smith + Gordon Gill Architecture, Form4Architecture, James von Klemperer of Kohn Pedersen Fox Associates PC., and Bernardo Fort-Brescia and Laurinda Spear of Miami-based firm Arquitectonica. Last year, the Prize was given to Eric Owen Moss.

“Trahan epitomizes the revival of a more poetically and intellectually engaged architect who advocates for the role of the architect as being challenged to serve greater social, cultural and humanitarian needs and concerns of our civilization and society,” said Narkiewicz-Laine. “Each of Trahan’s buildings shows a precise understanding of how people will use the facility, the thoughtful and appropriate use of materials and a commitment to creating public spaces to benefit the larger community. By his professional example, he has so meaningfully expanded the role of the architect. Few in this profession, particularly today, have risen to the demands of practicing architecture as an artful endeavor. This is an architect who wholeheartedly believes in the poetic simplicity of materials and place-making, never leaving an architect’s heavy-handed fingerprint on the design concept, intent or outcome. For the inspiration he provides, through his complex, intellectual example and his rich contributions to architecture and humanity past and future, Trey Trahan is the recipient of the 2021 American Prize for Architecture.”

Trahan Architects was founded by Trahan on the belief that the mindful design of everyday spaces can elevate the human experience. It is a multi-disciplinary firm ranked the number one design firm by Architect 50, the annual ranking by Architect Magazine, the official publication of American Institute of Architects, which topped the list by building “dramatic, sumptuous and well-detailed projects.” Trahan Architects has received over a hundred national, regional and local awards, as well as several international design competitions, including five National AIA Awards.

Attachments

Julia LeBlanc
Trahan Architects
4152156517
jleblanc@trahanarchitects.com

Topline Securities’ Poll Predicts 75-100 BPS Increase in New Monetary Policy

A poll by Topline Securities suggests that an increase of 75 bps or higher will be noted in the November 2021 Monetary Policy Statement (MPS).

A total of 73 key financial market participants responded to the poll. For the coming MPS, 25 percent of the participants said that they expect an increase of more than 75 percent, while 30 percent said that they expect a rise of 75 bps.

Also, zero percent of them expect no change at all.

For the future expectations of the interest rate by the end of FY22, 11 percent hoped to see an increment of more than 150 bps, and 50 percent believe that the rise will be 150 bps. Additionally, 11 percent also said that they expect a rise of 100 bps only.

The respondents were also asked about the future value of the Pakistani Rupee (PKR) against the US Dollar (USD) by the end of FY22, and 33 percent said that they expect to see the PKR/USD between 180-185. Another 33 percent felt that the PKR will stand between 175-180 against the USD. Besides them, 22 percent thought that the dollar will be below 175 by the end of the current fiscal year.

The State Bank of Pakistan (SBP) has decided to hold a meeting of the Monetary Policy Committee (MPC) on 19 November instead of 26 November. The date has been rescheduled to counter the unexpected developments that have affected inflation, and to reduce the uncertainty about the monetary policy in the market.

The central bank has already mentioned that the MPC expected the monetary policy to be accommodative in the near future and proposed “further tapering of stimulus to achieve mildly positive real interest rates over time”.

Topline Securities suggested that the recent talks with the International Monetary Fund (IMF) will be influential to the current MPC meeting and will affect the policy as it is presumed that Pakistan will fulfill the demands prior to further plans with the IMF.

The brokerage house in its report said that it looks forward to an increase of 75-100 bps in the policy rate from 7.25 percent, but a greater increase may be seen if the SBP tries to target a mildly positive real interest rate.

Source: Pro Pakistani