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Screenshot of a breaking news alert e-mail from Q2 2017
Financial technology group ayondo announced over the weekend a new mobile app, the ayondo academy. The app targets investors who want to experiment and learn in a simulated trading environment. The ayondo academy, created by the group’s Mobile Lab in Singapore, allows users to trade virtual stocks, participate in trading competitions and learn about the latest news and tips within the app.
The app draws real-time data from 35 stock exchanges, 45,186 global securities, 14 currency pairs, 10 index and 2,030 CFDs. Users start with $100,000 in virtual capital and can make trades to create their own virtual portfolio. The app’s leaderboards identify the most successful traders (known as Heroes) by their returns, and they are ranked by territory, monthly or quarterly returns, as well as overall returns.
There is also a virtual trading competition component in the app where users can compete with traders to win prizes. The app is currently available on the Apple iTunes App Store, while an Android version is soon to come.
The first country to launch the app is Spain. A further expansion into other markets is planned in the near future.
Back in April it was announced ayondo, which consists of ayondo GmbH, based in Frankfurt and the FCA regulated investment firm ayondo markets Ltd plans for a listing of the company on the Singapore Exchange (SGX), which would result in the company having a market capitalization in the S$210 million (USD $155 million) range post transaction, valuing ayondo at about $116 million pre-deal.