Tradier Brokerage, a cloud-based financial services company, and fintech firm BetterTrader.co, a provider of real-time actionable insights based on economic events, have partnered up to offer an AI algorithms solution for a $99 subscription with no commissions or hidden fees.
Tradier joined forces with BetterTrader to make news trading more accessible by offering its investor community BetterTrader’s web and mobile apps.
From Tradier’s perspective, the new addition generates value for its users as it provides a trading edge in the markets through sending insights about macro events as they happen. The platform estimates the magnitude of an event using historical data while its artificial intelligence capabilities predict market reaction. It also interprets whether the release was stronger or weaker than expected, and by how much.
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BetterTrader is also equipped with a backtester function which uses historical data to simulate all possible outcomes and observe how the market reacted to similar situations in the past.
Tradier may be less well known in the forex trader community as it currently only provides stock and options trading. It also depends on its brokerage API product that can be integrated by third parties, with client onboarding and execution provided by Tradier, while offering limited technology to its direct clients.
Eyal Mor, CEO of Bettertrader.co, commented: “We are excited about our integration with Tradier Brokerage. We strongly believe that it is important to empower traders to get an edge in the market. We are pleased that with this integration we can not only allow traders to trade but most importantly they can do this with no commissions”
Dan Raju, CEO of Tradier, added: “BetterTrader, through the integration with Tradier Brokerage, puts powerful tools at the fingertips of traders. We are excited that innovators from all across the globe use using the Tradier API to innovate”.