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Interactive Brokers Group, Inc. (NASDAQ:IBKR) is all set to harmonize its online trading platform with on-the-ball, interactive research tools from TipRanks, a premier provider that rounds up crucial Big Financial Data from across the investing sphere. This marks a strategic move forward for Interactive Brokers, where the electronic trading firm offers traders an option to track current stock news sentiment as well as activity from the eyes of the best performing analysts on Wall Street.
Under this fresh fin-tech collaboration, Interactive Brokers’ traders gain access to global news and commentary from all over the globe, but at a streamlined advantage. Thanks to TipRanks’s natural language processing (NLP) algorithmic tech abilities, the financial engine’s standout stock analysis tools comprehensively “digest” all of the prevalent legwork on Wall Street. Then, Interactive Brokers can rely on these financial analytics and mesh them effortlessly into its own platform, spotlighting key inside knowledge: from analyst ratings and price targets to up-to-date news sentiment analysis. TipRanks’ tools will tackle any domestic equities listed, enabling Interactive Brokers’ traders to have heads-up insights into North American trading.
No stock will be left unturned: Traders can follow just-out analyst ratings and revised price targets on any stock. By glancing at the overall analyst consensus rating and average price target, traders can easily see a short summary pegging the Street’s standing. These tools also exhibit which analysts achieve the best success and average return- something traders can track simply by rolling over a given analyst name.The analyst price target reveals the divergence of varying price targets on any stock. This way, Interactive Brokers’ traders glean a new open door into TipRanks’ groundbreaking News Sentiment Score, which breaks down calculations of a stock’s news ratio throughout the past week, from bullish to bearish. If traders want to know more, they will be able to check unique articles TipRanks’ algorithms have pinpointed out of a pool of the most respectable news websites.
Interactive Brokers is not the first company to capitalize on a major alliance with TipRanks, following in the footsteps of various other big collaborations just in 2017, as more and more research platforms catch wind of TipRanks’ financial analytics tool. Among key companies that are seeking out TipRanks’ stellar big data capabilities and award-winning Smart Portfolio include Nasdaq as well as the company’s latest partnership: Santander Spain’s clientele (on back of a two-year collaboration between TipRanks and the bank).
Uri Gruenbaum, CEO of TipRanks, weighs in on the captivating deal just landed with Interactive Brokers: “I am very proud about our new partnership with Interactive Brokers, one of the strongest brands in the industry. Many of our retail investors use IB as their execution platform and the new partnership will make their life easier and make our tools available to many new investors.”
“We are very excited about the partnership and look forward to bringing the latest interactive research tools to our customers. Big data and news analysis is increasingly seen as a fundamental part of investing research and now all our traders will have access to one of the best tools on the market” said Mr. Yochai Korn, head of market data at Interactive Brokers LLC.
Interactive Brokers is a subsidiary of Interactive Brokers Group, Inc., which has evolved to become one of the foremost securities firms with over $6 billion in equity capital. Interactive Brokers is headquartered in Greenwich, Connecticut and has over 1,100 employees worldwide. IB is regulated by the SEC, FINRA, NYSE, FCA and other regulatory agencies around the world.