Ayondo Partners with China's iMaibo on Social Trading

China’s financial information platform, iMaibo, and Zurich-based investment firm Ayondo entered into a strategic partnership to work deeply on markets, technology, marketing, and other aspects, aimed at providing a convenient service to Chinese investors who are interested in social trading.

iMaibo operates a social investing platform that is tailor-made for the Chinese retail investor market. iMaibo’s integration with the brokerage firm also gives users access to its top traders or "KOLs" and allows them to shadow their trading decisions or communicate with each other in real time.

Ayondo says this co-operation is precisely intended to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term its execution infrastructure, product suite, social Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term “WeTrade” in order to satisfy Chinese investors’ demand for global asset allocations and new investment vehicles.

In addition, iMaibo will help ayondo secure a $1 million loan, which could be used for restructuring the listed company’s business, acquiring an equity stake in iMaibo or expanding into new business areas.

Expanding into Asia

Ayondo offers a broad spectrum of services that cover both retail and institutional sectors. The group claims to have 210,000 users from 195 countries on its social trading platform.

Ayondo has recently inked more than 25 B2B partnership deals in Asia, ranging from white label partners to introducing brokers. In Singapore, the company teamed up with local brokerage firm KGI Fraser Securities to launch a contracts for differences (CFDs) platform, also based on Ayondo’s existing TradeHub system.

Commenting on the news, Mark Street, Interim-CEO of ayondo, said, “Going forward, ayondo will primarily focus on its core Social Trading business, while continuing to develop B2B business with existing and new Asia based partners. While strengthening the financial base and the current European B2C-Social Trading-business with fresh funding from iMaibo, the strategic partnership with the community-based financial platform will support further expansion into Asia - particularly China.”

iMaibo’s founder Water Cheung added: “This is a great strategic opportunity for both parties to grow an even stronger and robust Social Trading business in China for domestic and international clients as well as the rest of Asia. We believe that both iMaibo and ayondo have strong synergies to build a very successful joint business.”