Voleo Trading Systems Inc. announced that it is proceeding with additional cost saving initiatives to conserve cash during the continued global uncertainty resulting from COVID-19. The principal cost saving initiative will be achieved by winding down its US client operations. In conjunction with the previously announced restructuring, believe the cost saving plan is in the best interests of shareholders and will preserve capital, strengthen the balance sheet and enable Voleo to explore the business opportunities that lie ahead when market conditions improve.

Glen Wilson, who had already waived his salary, has tendered his resignation as Interim CEO and Director.