Nous Global Markets Launches TIQL Personal Trading App

London-based Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term firm Nous Global Markets today released TIQL, a financial market trading app which allows users to trade on the movement of various financial instruments, including stock market indices, commodities and Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term.

The app, which is available for PC, Android and iOS, incorporates a unique set of consumer friendly features including small deposits, microtrades, limited losses, no entry or exit costs, no bid/ask spread and payouts of up to 20 times the investment.

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Emerging Global Middle Class

Nous built the app following the success of an earlier free to play virtual trading app it released in 2014. After amassing 400,000 players from over 200 countries, the company found that many of them were unable to exercise their newfound skills and passion on the real markets.

Existing brokers and other service providers did not cater to the needs of people in developing countries, which Nous refers to as the “emerging global middle class”.

In the few months of testing since obtaining its licence, TIQL has already seen over $280,000 wagered by early customers. The customers come from many countries around the world, but the EU, the US and certain other countries are currently restricted due to local regulations.

Founder and CEO Justin Short says: “After 14 years designing automated trading strategies for the world’s biggest investment banks, I saw an opportunity to reach an audience that had been ignored by the markets. Nous’ goal with the release of TIQL is to provide a trusted, fair way for people to discover and capitalize on their talents – and have fun doing it!”

Customers are currently able to deposit using PayPal, Skrill or Neteller, with more options planned. The firm is also planning further expansion and is seeking to raise funds soon to accelerate TIQL’s growth.