Markets.com, a retail forex and contracts-for-differences (CFDs) broker, has tapped TipRanks to integrate its Quantitative Strategy Builder, thus further expanding market analysis tools offered to the retail investors.
Announced today, TipRanks’ tool offers traders access to automated stock portfolios, without the need for coding or quant investing knowledge, and they can also create and backtest portfolios.
Notably, Markets.com is the first broker to integrate this tool of TipRanks.
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Commenting on the usefulness of the new tools, Markets.com CEO, Joe Rundle said: “We couldn’t be happier with this partnership and are very excited about what it means for our growing retail investor community. Thanks to TipRanks, our quantitative-based portfolio builder lets retail investors tap into the kind of technology and data that’s used by the biggest banks and hedge funds to maximize returns.”
Making Market Analysis Simple
Notably, this is an extension of the already present ties between the two companies. Additionally, TipRanks received a $12 million investment from Singapore-based venture capital Prytek, which had already been an early investor in the company.
“I’m delighted to expand our partnership with Markets.com,” Uri Gruenbaum, CEO of TipRanks, said. “With the launch of our Quantitative Strategy Builder on their platform, their clients have access to a ground-breaking investment product that offers a new way to invest. Like all our products, it is easy to use and levels the playing field for investors.”
Earlier this year, Markets.com also launched its proprietary quant-based investment strategy making tool targeting the retail investors, enabling them to create and manage their own dynamic stock portfolios.