The Australian division of CMC Invest, the physical share trading platform of CMC Markets, now provides its users with access to Israel’s TipRanks, a market research aggregator, Finance Magnates has learned.
CMC Invest Integrates TipRanks
CMC Invest users have been able to access TipRanks within the investment platform since Thursday.
“CMC has a long-standing commitment to providing investors with access to institutional-quality investment tools and resources,” said Kurt Mayell, CMC Invest’s Head of Distribution. “This powerful partnership gives our investors the opportunity to use this best-in-class interactive platform to make data-driven investment decisions, helping them to make more informed choices.”
Apart from Australia, the CMC Invest brand also offers services in the United Kingdom and Singapore. However, at present, the TipRanks partnership seems to apply only to the Australian operations.
CMC Dominates Australian Stock Trading
CMC Invest has also become the second-largest share market trading platform in Australia, with a client base of over 1 million. The lead came as Australia’s ANZ Group transferred its investing client base to CMC Markets in 2021.
London-headquartered CMC also offers contracts for differences (CFDs) instruments to Australian traders under the CMC Markets brand and partners with institutions through CMC Connect.
CMC’s push in the region became more prominent when it partnered with New Zealand’s ASB Bank, a major financial institution in the country with around 1.5 million customers, to provide white-label technology.
Meanwhile, TipRanks, established in 2012, offers a stock research platform that provides alternative databases to retail traders. It uses natural language processing to analyse the performance of professional analysts for its services.
“We believe technology has an important role to play in improving outcomes for every investor, giving individuals access to tools and insights that were once only available to large-scale institutions,” said TipRanks CEO Uri Gruenbaum.
Last August, Prytek acquired TipRanks in a deal worth approximately $200 million.
The Australian division of CMC Invest, the physical share trading platform of CMC Markets, now provides its users with access to Israel’s TipRanks, a market research aggregator, Finance Magnates has learned.
CMC Invest Integrates TipRanks
CMC Invest users have been able to access TipRanks within the investment platform since Thursday.
“CMC has a long-standing commitment to providing investors with access to institutional-quality investment tools and resources,” said Kurt Mayell, CMC Invest’s Head of Distribution. “This powerful partnership gives our investors the opportunity to use this best-in-class interactive platform to make data-driven investment decisions, helping them to make more informed choices.”
Apart from Australia, the CMC Invest brand also offers services in the United Kingdom and Singapore. However, at present, the TipRanks partnership seems to apply only to the Australian operations.
CMC Dominates Australian Stock Trading
CMC Invest has also become the second-largest share market trading platform in Australia, with a client base of over 1 million. The lead came as Australia’s ANZ Group transferred its investing client base to CMC Markets in 2021.
London-headquartered CMC also offers contracts for differences (CFDs) instruments to Australian traders under the CMC Markets brand and partners with institutions through CMC Connect.
CMC’s push in the region became more prominent when it partnered with New Zealand’s ASB Bank, a major financial institution in the country with around 1.5 million customers, to provide white-label technology.
Meanwhile, TipRanks, established in 2012, offers a stock research platform that provides alternative databases to retail traders. It uses natural language processing to analyse the performance of professional analysts for its services.
“We believe technology has an important role to play in improving outcomes for every investor, giving individuals access to tools and insights that were once only available to large-scale institutions,” said TipRanks CEO Uri Gruenbaum.
Last August, Prytek acquired TipRanks in a deal worth approximately $200 million.
This post is originally published on FINANCEMAGNATES.
