ayondo Ltd., through its indirect subsidiary, ayondo Markets Limited, and Phnom Penh Derivative Exchange Plc (PPDE) have informed that they are establishing a collaboration through a white label agreement for ayondo to provide its CFD Trading platform TradeHub® as the main execution base for derivative brokers trading CFDs for PPDE’s clients in Cambodia (the “Collaboration”).
The Group and PPDE will partner to provide a full suite of CFD products including equities, indices, forex, commodities to PPDE’s derivative client base through ayondo’s CFD TradeHub platform aiming to grow PPDE’s client interests within and outside Cambodia. In addition, ayondo will also provide PPDE with execution and risk management services under the Collaboration.
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.
Robert Lempka, Ayondo
Robert Lempka, Executive Director and CEO and co-founder of ayondo, added:
We are excited to be working with PPDE to grow their network of retail and institutional clients within and outside of Cambodia. This growing area of Southeast Asia offers great opportunities as clients continue to cross borders. We are proud to be the platform of choice and happy to create new growth possibilities for both our organizations.