ayondo, a social trading technology developer for the financial services industry, has unveiled a new mobile app, called ayondo Academy The new offering was launched to help target market participants and investors looking to engage in a simulated trading environment, according to an ayondo statement.
ayondo Academywas engineered by the company’s Mobile Lab in Singapore – the new portal helps users garner exposure and trading of virtual stocks through the use of comprehensive trading competitions and educational modules. This includes the use of news, tops, and real time data feeds.
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Level Playing Field
The app itself relies on data from a composite of 35 sovereign stock exchanges, over 45,000 global securities, 14 currency pairs, 10 indices, and 2,000 contracts for difference (CFDs). ayondo Academy also places users on a level playing field, with each starting with a fixed amount of virtual capital, i.e. $100,000 – from there individuals are able to construct their own virtual portfolios, helping them diversify and formulate trading strategies.
As a further corollary, ayondo Academyalso publishes leaderboards that identify the most successful traders, as indicated by their respective returns. This in turn leads to rankings by territory, monthly or quarterly returns, as well as overall returns.
Moreover, ayondo has also moved ahead with a virtual trading competition component in the app whereby users can compete with other traders to win prizes. In its initial phase, the app will be launching in Spain, with other countries already slated for future expansion in the near future.