TradeQQ, a China-based online real-time information service for FX and CFD traders, has recently launched a new financial news terminal in English. Founded in 2009, TradeQQ Media Group Ltd (formerly ForexQQ), is confirmation that Chinese firms have started targeting the international market.
This move counters the familiar trend of European (and Australian) providers trying to break into China, signaling that the local market is maturing fast. After six years of development, TradeQQ claims to be the fastest-growing financial data and information platform with more than two million traders around the world.
Speaking with Finance Magnates about the goals for the new offering, the CEO of TradeQQ, William, said, “After having conquered the Chinese market, launching an English language terminal is the next logical step as we are looking for further expansion and growth. Having a global presence will allow us to collect news and analysis across multiple language barriers and deliver it all directly to our user. By diversifying our sources, we can deliver unprecedented and even more credible coverage to our user base.”
The free desktop-based solution delivers real-time economic data and new releases, as well as key announcements from governments and central banks, macroeconomic analysis and market research covering the FX and commodity markets.
William has also set out ambitious plans to further expand the offering. He explains: “Our immediate goal is to roll out the terminal in five languages over the next year, taking TradeQQ to 3 million global users. Within another year we want to expand this to 10 language bases and 5 million global users making TradeQQ a serious force to be reckoned with. We are confident about our ability to translate our current success abroad and it is our long term goal for TradeQQ to be synonymous with financial news.”