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Aofano's acquisition of Juejin Quantitative accelerates the integration of the quantitative trading platform.
[Chain News] Aofangnuo announced this afternoon that it will acquire Juejin Quant, marking another significant move following the previous acquisition of Dolphin Network.
Aofano is a well-known quantitative trading platform in China, with clients including major institutional investors. Juejin Quant is a quantitative trading platform aimed at individuals, enjoying high recognition among retail investors.
This acquisition will bring more individual users to Oufangnuo and will also help it further improve its product line. For Juejin Quantitative, merging with Oufangnuo is expected to gain more resource support.
Quantitative trading has rapidly developed in recent years, with major platforms increasing their investments. This acquisition also reflects the trend of industry consolidation, and more similar actions may emerge in the future.