Changes in Hong Kong stocks | Marco Digital Technology (01942) rose more than 10% in the intraday period and recently reached a cooperation with Huatong Securities to develop a digital currency financial securities trading counter

The Zhitong Finance App learned that Marco Digital Technology (01942) had an intraday increase of more than 10%. As of press release, it had risen 9.09% to HK$1.32, with a turnover of HK$160 million.

According to the news, Marco Digital Technology announced that the company signed a memorandum of understanding with Huatong Securities International. The contracting parties agreed to use its financial securities brokerage business advantages, SAAS (software as a service) technical strength, and digital technology capabilities to cooperate to establish a joint venture to develop a digital currency financial securities trading desk.

According to reports, the counter trading system is a set of business systems for securities trading provided to brokerage firms. It has a broad user base in the brokerage industry. As an essential business system to support brokerage business, it is also the core of brokers' IT value. The Company and Huatong Securities both agreed to further discuss the specific terms and details of the above joint venture. The cooperation under this MOU presents an important opportunity for the company to explore and become a competitive fintech platform.