Singaporean fintech firm Ayondo will built a CFD trading platform for clients of Phnom Penh Derivatives Exchange Plc (PPDE), a company that recently received a central counterparty license from the Securities and Exchange Commission of Cambodia (SECC).
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Aiming to grow PPDE’s client interests within and outside Cambodia, Ayondo will provide a full suite of CFD products to PPDE’s derivative client base, including equities, indices, forex and commodities.
The products will be delivered through Ayondo’s TradeHub platform.
A contract for difference (CFD) is a popular form of derivative trading. It allows brokers to speculate on the rising or falling prices of fast-moving global financial markets, such as forex, indices, commodities, shares and treasuries.
Under the agreement, Ayondo will also provide PPDE execution and risk management services
“We are excited to be working with PPDE to grow their network of retail and institutional clients within and outside of Cambodia,” said Robert Lempka, Ayondo’s executive director and co-founder
“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 organisations,” said Mr Lempka.
Matt Yang, CEO of PPDE, said cooperation with Ayondo will enhance their customer support service and their product offer.
“This collaboration will provide global financial derivative trading to our clients and help both companies grow globally,” he said.