Social-trading technology provider ayondo Ltd. announced today that it is joining forces with Phnom Penh Derivative Exchange Plc (PPDE), a Cambodia SEC licensed central counterparty, through its indirect UK-based subsidiary ayondo Markets Limited.
In pursuit of its Asian business-to-business strategy, the has established a collaboration through a white label agreement. As per the white label stipulations, this will see ayondo provide PPDE’s client base with fully managed white label services to trade equities, indices, forex and commodities.
To achieve this, PPDE will utilise TradeHub, ayondo’s contract for difference (CFD) trading platform, as the primary executive base for brokers trading CFDs for the Cambodia-based clients of PPDE. The aim of the agreement is, for PPDE, to increase its client’s interests both within and outside of Cambodia, whilst for ayondo, it will expand its product reach.
Commenting on the agreement, Matt Yang, CEO of PPDE, said: “we are excited to cooperate with ayondo to expand our product offerings to better support our customers. This collaboration will provide global financial derivative trading to our clients and help both companies grow globally.”
Source: ayondo
Ayondo furthers its B2B strategy in Asia
Already, ayondo has inked more than 25 B2B partnership deals in Asia. These range from white label partners to introducing brokers. Earlier this month, that ayondo had entered into a White Label agreement with Huanying International. This agreement had a similar set up to the collaboration with PPDE announced today.
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