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Ayondo, Huanying International to cooperate on trading opportunities in China
AYONDO and Huanying International are establishing a collaboration through a white label agreement to grow trading opportunities for Huanying’s clients in Asia, and in particular, China.
Under the tie-up, the duo will partner to provide a full suite of products including equities, indices, forex, commodities to Huanying’s client base through Ayondo’s contract-for-difference (CFD) TradeHub platform. In addition, Ayondo will also provide Huanying with execution and risk management services.
Robert Lempka, chief executive officer and co-founder of the group, said: “As part of Ayondo’s China growth strategy, we are very excited at the opportunity to work with Huanying to provide a wide range of products to their clients. Huanying is a great partner for us to extend Ayondo’s footprint in this important growth region of Asia.”
The collaboration is not expected to have any material impact on the group's earnings per share or net tangible assets per share for the financial year ending Dec 31, 2018.