Owing to a major announcement from Exxe Group Inc (OTCMKTS:AXXA) back on March 29, the company’s stock was in the middle of a strong rally on Thursday and ended up with gains of as much as 18%.

The company announced at the time that it had inked a definitive letter of intent with a technology company based out of the United Kingdom for the purpose of implementing a fully automated algorithmic trading system at scale. It was announced at the time that the transaction was going to be closed at some point in April 2023. In this context, it could be a good idea to take a closer look at the credentials of the company’s technology partner.

Over the course of the past decade, the tech partner had been successful in creating as many as three fully automated algorithmic trading systems and another semi-automated algorithmic trading system.

The system that is going to be used and scaled under the terms of the agreement is already tested to the fullest extent. Over the course of the two most recent quarters, the system executed more than 10000 trades in total. The initial trading volume target on a yearly basis is $50 million.