The companies are expecting to close the deal by Q1 2023.
In recent months, TipRanks onboarded several big brands as partners.
TipRanks, a financial big data company offering research tools to retail investors, has agreed to acquire New Jersey-based The Fly, a digital publisher of real-time financial news.
TipRanks to Acquire The Fly
The decision of TipRanks to acquire The Fly is strategic, as the real-time financial news will supplement and further strengthen its existing services.
"TipRanks is committed to empowering investors with the best data and research tools, and now with one of the fastest and most accurate breaking news services," the Chief Executive Officer of TipRanks, Uri Gruenbaum, said in a statement shared with Finance Magnates.
"We have been working with the excellent team at The Fly for many years, and we have always been impressed by the professionalism, speed, and accuracy with which they analyze data and publish breaking news stories. We see a lot of synergy between our companies and are excited that we can expand our offering to provide breaking news – one of the top requirements of our Enterprise customers and end users. With The Fly, TipRanks is furthering its vision of becoming the ultimate one-stop-shop platform for the retail investor."
The two companies expect to close the acquisition deal by the first quarter of the year. However, the financial terms are not known.
TipRanks' Expansion Globally
The acquisition agreement came when the company expanded its footprint with industry partnerships. Recently, the company partnered with Admirals following a similar deal with Futu, one of the major online brokers in China and Southeast Asia. TipRanks even joined the Nasdaq Data Link platform to enhance its services further.
Earlier, the company entered the US by partnering with eTrade, and in Canada with TD Bank. In addition, it launched its services in the United Kingdom and tied with Stockal, an investing platform providing Indian retail investors direct access to US stocks.
Established in 1998, The Fly reports and explains news that impacts publicly-traded companies. It gathers sources from analyst research notes, company press releases, SEC filings, newspapers, blogs, social media, and trading desk sources for its services. Apart from its free services, the company sells subscriptions.
According to The Fly's website, the platform has partnered with several major financial industry brands like Bloomberg, The Street, NYSE, RavenPack, Factiva, and many more.
"TipRanks is a natural home for The Fly," said Ron Etergino, the President at The Fly. "Both companies strive to level the playing field for investors, and TipRanks' institutional-grade research tools and data will enhance The Fly's financial news products. We have been impressed with TipRanks' vision and are very excited about entering this new chapter, both for our employees and our clients. The combination will further The Fly's mission of breaking the news that is moving stocks."
TipRanks, a financial big data company offering research tools to retail investors, has agreed to acquire New Jersey-based The Fly, a digital publisher of real-time financial news.
TipRanks to Acquire The Fly
The decision of TipRanks to acquire The Fly is strategic, as the real-time financial news will supplement and further strengthen its existing services.
"TipRanks is committed to empowering investors with the best data and research tools, and now with one of the fastest and most accurate breaking news services," the Chief Executive Officer of TipRanks, Uri Gruenbaum, said in a statement shared with Finance Magnates.
"We have been working with the excellent team at The Fly for many years, and we have always been impressed by the professionalism, speed, and accuracy with which they analyze data and publish breaking news stories. We see a lot of synergy between our companies and are excited that we can expand our offering to provide breaking news – one of the top requirements of our Enterprise customers and end users. With The Fly, TipRanks is furthering its vision of becoming the ultimate one-stop-shop platform for the retail investor."
The two companies expect to close the acquisition deal by the first quarter of the year. However, the financial terms are not known.
TipRanks' Expansion Globally
The acquisition agreement came when the company expanded its footprint with industry partnerships. Recently, the company partnered with Admirals following a similar deal with Futu, one of the major online brokers in China and Southeast Asia. TipRanks even joined the Nasdaq Data Link platform to enhance its services further.
Earlier, the company entered the US by partnering with eTrade, and in Canada with TD Bank. In addition, it launched its services in the United Kingdom and tied with Stockal, an investing platform providing Indian retail investors direct access to US stocks.
Established in 1998, The Fly reports and explains news that impacts publicly-traded companies. It gathers sources from analyst research notes, company press releases, SEC filings, newspapers, blogs, social media, and trading desk sources for its services. Apart from its free services, the company sells subscriptions.
According to The Fly's website, the platform has partnered with several major financial industry brands like Bloomberg, The Street, NYSE, RavenPack, Factiva, and many more.
"TipRanks is a natural home for The Fly," said Ron Etergino, the President at The Fly. "Both companies strive to level the playing field for investors, and TipRanks' institutional-grade research tools and data will enhance The Fly's financial news products. We have been impressed with TipRanks' vision and are very excited about entering this new chapter, both for our employees and our clients. The combination will further The Fly's mission of breaking the news that is moving stocks."
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
Interactive Brokers Posts Strong April Metrics, Daily Average Revenue Trades Soar 33%
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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