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The innovative forex broker Trading 212, developer of one of the most popular mobile trading apps, launched on Wednesday a social news platform in the US under the brand Tradebird. The new product provides crowdsourced news, investment insights, charts and price levels for traders.
The platform is focused on the global markets for forex, stocks, and commodities. It is available for free download as a web-based and mobile application for Android and iOS devices.
Tradebird puts in one place market data relevant to users and their interests in the form of a stream of posts from users that share news about the markets or about their own trading. Traders can use the social platform to be part of a community of traders where they can share financial-related market news, opinions and data, and to follow other users’ posts. New users automatically receive the default 55 instruments (the most traded ones) and topics (the ones that receive the most attention) available in their feeds, of which they can select the ones they find interesting. Tradebird’s features also include:
- A live feed with more than 3,000 daily posts containing news, opinions and analyses that are easy to digest
- #Hashtags and $cashtags that allow easy filtering of the feed based on topics and instruments
- Distraction-free environment for sharing quality information, getting followers and building reputation
- Advanced charting and analytics via native integration of ProQuant
“We built Tradebird with the idea of bringing focus, simplicity and social interaction to the way traders get information and make decisions,” said Ivan Ashminov, CEO and founder of Tradebird and Avus Capital. “We realized that they don’t need more information – they need the right information in a live, clean feed. And for most traders, the best sources are usually locked up in expensive subscriptions. Tradebird avoids this problem by surfacing real, market-driving information and relying on community crowdsourcing,” he added.
News feeds contain the latest and most important market news selected by Tradebird’s users, rather than through algorithms.
“Tapping into our success with trading apps, we wanted to create a cool, engaging social app for traders, something rare in the field of finance,” Ashminov said. “The result is an addictively easy-to-use app that keeps you up to date and encourages sharing,” he added.
Tradebird news feed was integrated into Trading 212 trading platform in December 2015.
New York based Tradebird LLC is spin off of EU forex broker Avus Capital, which operates under the brand Trading 212. It provides trading of forex and contracts for difference (CFDs) on stocks, gold and oil in more than 65 countries, including Germany, Russia, and China. The broker has also developed a proprietary trading platform under the Trading212 brand available for desktop and mobile devices.
Earlier this month, Avus Capital launched ProQuant, a financial charting engine designed to help retail traders analyze market trends and build their own trading strategy.
Bulgaria-based Avus Capital has units authorized and regulated by the UK’s Financial Conduct Authority (FCA) and Bulgaria’s Financial Supervision Commission (FSC), and since recently – by the Cyprus Securities and Exchange Commission (CySEC). This makes it a licensed broker under the Markets in Financial Instruments Directive (MiFID). A MiFID license grants access to the capital markets in all EU member states.
Source: Business Wire