CorrSight, a leader in real time analytics tools for brokers and traders recently announced that it has received funding from investment company ‘thetime’. The funding is aimed at accelerating CorrSight’s distribution of its Traders’ Compass platform.
Traders’ Compass is a software package that serves as an add-on for MT4 and web trader platforms. The program analyzes trader behavior to provide suggestions to improve trading performance. Messages include risk warnings and behavior statistics. Brokers can also customize the platform to send clients informational messages to alert them of coming events or special functions that they can use. Overall, Traders Compass is part of a new breed of products geared at increasing customer engagement in order to achieve higher long term values from clients.
CorrSight Secures Funding from ‘thetime’
CorrSight takes on funding to fuel market penetration of its successful Traders’ CompassTM platform
Tel-Aviv, October 9th, 2012 – CorrSight, a leading provider of real-time analytics-based trader education & guiding platforms, announced today it has secured funding from ‘thetime’, a leading investment company focusing at innovative technology companies in the areas of Telecom, Internet, Media and Entertainment. The investment is targeted at accelerating the realization of CorrSight’s vision of reshaping customer interactions in online financial markets, maximizing value for both traders and brokers. The investment will fuel the rapid market penetration of the Traders’ CompassTM, CorrSight’s innovative product geared at maximizing traders’ life-cycle value.
CorrSight’s Traders’ CompassTM monitors and analyzes traders’ activity in real time and provides immediate education and guiding alerts, allowing traders avoid common trading pitfalls and improve trading skills. In addition, the system identifies the best timing to approach the customer and the right message that will drive him to perform broker revenue-bearing actions, such as demo-to-live transition. Traders’ CompassTM integrates with both web-based and PC-downloaded trading platforms without any end-user effort, seamlessly monitoring traders’ activity while offering real-time feedback and trading insight.
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The Traders’ CompassTM platform is already adopted by numerous brokers and used by thousands of traders. Traders using Traders’ CompassTM enjoy faster learning curves and better trading experience, while brokers enjoy higher conversion rates, trading volumes and improved customer retention.
“We are excited to add CorrSight to our investment portfolio,” said Uri Weinheber, Managing Partner of ‘thetime’. “The exponential growth in the online financial markets sets a unique opportunity for innovative solutions to emerge and thrive. We believe that CorrSight’s vision, team and products are an exceptional combination that can make a huge impact on these markets”.
“We are committed to our vision of unleashing the full value of customer interaction in online financial markets,” said Hudi Zack, CorrSight’s CEO. “We plan to leverage on the partnership with ‘thetime’ in order to accelerate our growth and support the paradigm shift we lead in online financial markets.”
CorrSight is a leading supplier of value-added products and services to brokers and traders based on real-time information gathered and analyzed from a wide community of users. Learn more about CorrSight and Traders-Compass at http://www.corrsight.com
‘thetime’ is an investment company focusing on innovative technology companies in the areas of telecom, internet, media and entertainment (T.I.M.E.). The partners of ‘thetime’ include McCann-Erickson, the world’s largest advertising agency network, and AdsMarket, one of the largest International performance-based marketing companies. ‘thetime’’s network includes market leaders such as Time-Warner, Nielsen, Microsoft, Orange, Celldorado and others. Learn more about ‘thetime’ at http://www.thetime.co.il