Social-trading technology provider ayondo appear today that it is aing armament with Phnom Penh Acquired Exchange Plc (PPDE), a Cambodian SEC-licensed axial counterparty, through its aberrant UK-based accessory ayondo Markets Limited.
In following of its Asian business-to-business strategy, the SGX-listed close has accustomed a accord through a white characterization agreement. As per the white characterization stipulations, ayondo will accommodate PPDE’s applicant abject with absolutely managed white characterization casework to barter equities, indices, forex and commodities.
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To accomplish this, PPDE will utilise TradeHub, ayondo’s arrangement for aberration (CFD) trading platform, as the primary controlling abject for brokers trading CFDs for the Cambodia-based audience of PPDE. The aim of the acceding is, for PPDE, to access its client’s interests both aural and alfresco of Cambodia, whilst for ayondo, it is artefact ability expansion.
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Commenting on the agreement, Matt Yang, CEO of PPDE, said: “We are aflame to abet with ayondo to aggrandize our artefact offerings to bigger abutment our customers. This accord will accommodate all-around banking acquired trading to our audience and advice both companies abound globally.”
Robert Lempka, Controlling Director and CEO and co-founder of ayondo, added: “We are aflame to be alive with PPDE to abound their arrangement of retail and institutional audience aural and alfresco of Cambodia. This growing breadth of Southeast Asia offers abundant opportunities as audience abide to cantankerous borders. We are appreciative to be the belvedere of best and blessed to actualize new advance possibilities for both our organizations.”
Already, ayondo has active added than 25 B2B affiliation deals in Asia. These ambit from white characterization ally to introducing brokers. Earlier this month, Finance Magnates appear that ayondo had entered into a white characterization acceding with Huanying International. This acceding had a agnate set up to the accord with PPDE appear today.
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