Saudi Fransi Capital and Winton Group launch systematic trading program for Saudi equities

Updated 15 March 2018
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Saudi Fransi Capital and Winton Group launch systematic trading program for Saudi equities

Saudi Fransi Capital and Winton Group have announced their collaboration on the launch of the first systematic trading program for Saudi equities.
The initiative is the first of its kind in Saudi Arabia’s capital markets and the wider region, and brings to bear the multi-decade expertise of Winton Group in applying statistical methods to investing.
Walid Fatani, chief executive of Saudi Fransi Capital, said: “Saudi Fransi Capital is always seeking to introduce new ideas and best-of-breed investment products to the Saudi Arabian capital markets. Big data, scientific techniques, algorithmic trading and similar quantitative methods are now permanent features of investing and global capital markets, but have minimal representation in the region. Our collaboration with Winton Group aims to bring this next generation of investment methods to Saudi Arabia and I am excited to have partnered for such a venture with Winton, a world leading systematic investment firm.”
David Harding, founder and chief executive of Winton Group, said: “We are pleased to be working with Saudi Fransi Capital on this pioneering research collaboration. The growing diversity of the Saudi equity market makes it suitable for the systematic investment strategies upon which Winton’s business is built. As the dynamic and far-reaching Vision 2030 initiative progresses, we hope to make a valuable contribution to the future development of Saudi Arabia’s capital markets.”


Land Rover, Terry Grant smash world record

Stunt driver Terry Grant flipped the Range Rover Sport SVR up on to two wheels with the use of a ramp, before hitting speeds of up 60mph on Goodwood’s famous hillclimb.
Updated 19 July 2018
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Land Rover, Terry Grant smash world record

Land Rover and international stunt driver Terry Grant smashed a world record at this week’s Goodwood Festival of Speed, with a two-wheel speed run in the new Range Rover Sport SVR. Grant’s 2:24.5 run up the famous hillclimb broke Grant’s old record for a mile traveled in a car on two wheels, set in 2011, by more than 30 seconds.
Grant flipped the Range Rover Sport SVR up on to two wheels with the use of a ramp, before hitting speeds of up 60mph on Goodwood’s famous hillclimb as he set the new Guinness World Record time.
Grant snatched the record in a dramatic last gasp attempt on Sunday afternoon, having attempted four runs earlier in the weekend, none of which Grant managed to complete.
The Range Rover Sport SVR is a 575hp performance SUV, capable of 0-60mph in 4.3 seconds and a top speed of 174mph — with four wheels on the road, at least. The Range Rover Sport only required one modification for the world record run, a tweak to its differential to allow the car to deliver more power to the two wheels on the ground — both of which were pumped up to 90PSI.
Grant is a multiple world-record holder, with 25 Guinness World Records already to his name, and with this latest record, Grant has bested a 2:55 run that he himself set at Goodwood in 2011.
Stunt driver Grant said: “It really shouldn’t be underestimated how difficult a two-wheeled speed run like this is; you are always fighting to keep the car balanced right on the edge, as it tries to tip either one way or the other. You need to be conscious of everything, from the camber of the road to the strength of the wind. Thankfully, conditions were excellent and the Range Rover Sport SVR was the perfect precision tool for the job.”
The world record was not the only amazing Land Rover moment of the Festival of Speed, as 70 historic and important Land Rovers took to the hill in what was the largest batch of cars to ever tackle the famous route in one go. From 1948 to 2018, the parade of cars celebrated 70 years of one of Britain’s most iconic automotive brands.