HONG KONG SAR – Media OutReach Newswire – 18 July 2024 – International Genius Company (“IGC” or the “Company“, together with its subsidiaries, the “Group“; stock code: 0033.HK) announced a business update: the Company’s Subsidiary, Deep Neural Computing Company Limited (“DNCC“), entered into a Cooperation Framework Agreement with Confiprosper Fintech Limited (“CFL“), a Hong Kong corporation. The Agreement aimed at leveraging the Group’s expertise in algo-trading technology to enhance asset management services provided by CFL and its cooperative partners.
The Cooperation included:
IGC is committed to enhancing its professional investment research capabilities and trading technology, and willing to license its technology to CFL for use and is interested in conducting in-depth cooperation with CFL in areas such as asset management, trading system optimization and customer development. Earlier, the Company has entered into a memorandum of understanding with Saxo Capital Markets HK Limited (the subsidiary of Saxo Bank A/S), which aims to encourage and facilitate bilateral technical collaboration on the issues of trading technology licensing and asset management cooperation.
The management believes that the cooperation could facilitate the Group’s business development by further enhancing technology development and expanding its trading technology to a global scale, to broaden the Group’s revenue source, enhance performance of the Group and create value for the shareholders of the Company.
Hashtag: #InternationGeniusCompany #IGC #CFL
The issuer is solely responsible for the content of this announcement.
International Genius Company is an artificial intelligence based financial technology institution seeking breakthrough in utilising algorithmic trading and artificial intelligence trading technology to its asset management and other related financial services business.
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