AGM Group Launches FXSC Platform

Binwei Wang
    Jul 15, 2020 2:25 PM  PT
AGM Group Launches FXSC Platform
author: Binwei Wang   

AGM Group Holdings Inc. (NASDAQ: AGMH) announced Tuesday that its wholly-owned subsidiary AGM Technology Limited entered into a Memorandum of Understanding with GMTK Global Pty Ltd. to jointly promote the company's newly launched online trading education and social trading network platform FXSC in the Australian market. 

Wenjie Tang, the chief executive officer of AGMH said, "FXSC is a virtual trading education and social trading platform that we launched at the beginning of the month. With innovative features, such as tiered trading contest with prizes and incentives, and real-time multi-party interaction, FXSC offers enhanced experience for all levels of users." 

He added, "We are thrilled to have the opportunity to penetrate the Australian market through a potential partnership with GMTK and looking forward to firming up the relationship with GMTK in the coming weeks." 

The application software company providing accounting and ERP software, fintech software, and trading education software and website service said the binding contract or partnership agreement is expected to be negotiated on or before August 15.

Shares of AGM closed at $16.00 on Tuesday, dropping 7 cents.