The parent company of trading app BUX, BUX Holding B.V. is in talks to acquire Ayondo Markets Ltd. The buyer, headquartered in Amsterdam is at present a tied agent and the largest client of the FCA-regulated subsidiary of Singapore-listed ayondo Ltd. The companies signed a non-binding Head of Terms document earlier this month. A prospective acquisition by BUX will enable the company to rapidly expand its business around Europe. Last year, the firm announced that it is working on a zero-commission stock trading app, a market which remains unexplored and is poised to take off in the region. Any prospective new ownership of ayondo Markets UK is not going to affect the operations of ayondo in Europe. The company will continue to deliver to European clients its social trading application. The company also plans to expand its services into Asia.

https://www.financemagnates.com/forex/brokers/breaking-bux-in-exploratory-talks-to-buy-uk-subsidiary-of-ayondo/