Eugene Torre becomes first Asian male to be inducted into World Chess Hall of Fame

Aileen Cerrudo   •   April 22, 2021   •   2046

Filipino Grandmaster Eugene Torre

MANILA, Philippines—Filipino Grandmaster Eugene Torre has become the first Asian male to be inducted in the World Chess Hall of Fame.

In an online meeting, the World Chess Federation approved Torre’s inclusion to the Hall of Fame alongside Argentine grandmaster Miguel Najdorf and grandmaster Judit Polgar of Hungary.

Torre followed former women’s world champion Xie Jun, the Chinese grandmaster who was the first Asian to be inducted into the Hall of Fame in 2019.

“Very proud tayo, kasi tayo ang kauna-unahang Asian male player na nominated ng FIDE (I’m very proud because I’m the first Asian male player nominated by the FIDE),” Torre said.

Torre became Asia’s first grandmaster in 1974 at the age of 22.  As part of the World Chess Hall of Fame, Torre is included in the list of former world champions Gary Kasparov, Anatoly Karpov, and Robert ‘Bobby’ James Fischer.

“Ang mahalaga, nabibigyan na din ng pagkilala ang mga Asyano sa chess, lalo na at baby pa tayo sa chess kung ikukumpara sa Russians, Americans at Europeans (What is important is that Asians are being given recognition in chess, especially when we are still a rookie compared with the Russians, Americans, and Europeans)” he added. AAC




PH team clinches first gold in chess

Aileen Cerrudo   •   December 5, 2019

The Philippine team won the country’s first medal in chess on Thursday (December 5).

The Filipino Woodpushers, composed of Grandmasters Eugene Torre, Darwin Laylo and with International Master Paulo Bersamina won the gold in the men’s chess team problem solving event.

Meanwhile, Janelle Mae Frayna, Catherine Secopito, Shania Mendoza settle for silver in women’s chess team problem solving event.—AAC

Contestants breathless as underwater chess plumbs new depths

admin   •   August 27, 2018


A competitor playing chess underwater | REUTERS

The age-old game of chess has had a quirky makeover in the World Dive Chess Championships which took place in London on Saturday (August 25).

Players use a magnetic board and magnetic pieces and, while the rules remain the same, the playing environment is a little more challenging, with players only able to make moves while submerged without breathing apparatus in a swimming pool.

Once players have dived under the surface they cannot come back up for air until they have made their move.

The unusual hybrid of chess and water sports was the brainchild of American Etan Ilfeld who wanted to incorporate a physical element into chess to make it more fun and quirky.

The tournament is played over four rounds with each match lasting up to an hour but average games take around 30 – 40 minutes.

After a long day in the pool, a delighted Rajko Vujatovic emerged as the winner, ending the championship with a narrow win over his nearest rival. — Reuters

Australia’s ASX selects blockchain to cut costs

UNTV News   •   December 7, 2017

FILE PHOTO – An investor looks at a board displaying stock prices at the Australian Securities Exchange (ASX) in Sydney, Australia, July 17, 2017. REUTERS/Steven Saphore

(Reuters) – Australia’s ASX Ltd (ASX.AX) said on Thursday it would replace its registry, settlement and clearing system with blockchain technology to cut costs for customers.

The decision to replace the Clearing House Electronic Subregister System (CHESS) on Australia’s main bourse follows two years of testing of distributed ledger technology, also known as blockchain.

“We believe that using DLT to replace CHESS will enable our customers to develop new services and reduce their costs,” ASX Managing Director and CEO Dominic Stevens said.

The move will make the Australian Securities Exchange one of the biggest mainstream financial markets to use the relatively new ledger system, best known as the technology underpinning the bitcoin crypto-currency.

Blockchain is a shared, verifiable and permanent record of data that is maintained by a network of computers.

Banks and other large financial institutions have ramped up their investments in the technology over the past few years, hoping it can simplify and cut the cost of back-office processes.

The new system should be operational for market feedback at the end of March 2018, ASX said. The timing of its final implementation would depend on consultation with stakeholders.

The system would be designed without access barriers to non-affiliated market operators and clearing and settlement facilities. It also would give ASX customers choice over how they use its post-trade services.

ASX bought a minority stake in U.S. blockchain developer Digital Asset through a A$14.9 million ($11.27 million) investment in January last year, to design a new post-trade solution for the Australian equity market.

The market operator’s decision is a win for the young technology company led by Blythe Masters, a former senior JPMorgan banker.

Founded in 2014, Digital Asset has raised more than $115 million from large firms including ASX, Goldman Sachs Group Inc (GS.N), JPMorgan Chase & Co (JPM.N), CME Group Inc (CME.O), Deutsche Boerse (DB1Gn.DE) and Citigroup (C.N). “After so much hype surrounding distributed ledger technology, today’s announcement delivers the first meaningful proof that the technology can live up to its potential,” Masters, Digital Asset’s chief executive, said in a statement.

ASX shares gained as much as 0.88 percent by 0039 GMT, while the index was up 0.5 percent.

($1 = 1.3217 Australian dollars)

Reporting by Susan Mathew in Bengaluru; Additional reporting by Anna Irrera in New York; Editing by Stephen Coates


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