CMC Invest, Australia’s second-largest share market trading platform, has partnered with global stock market research aggregator TipRanks to provide over 1 million clients across Australia access to cutting edge insights, datasets, and analysis.
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The collaboration with TipRanks brings together two global fintech leaders, and provides CMC clients with a wealth of new data points to help them invest with greater confidence.
Commenting on the partnership, CMC Invest Head of Distribution, Kurt Mayell, said the partnership was a unique point of difference for CMC in ANZ and would ensure its clients have constant access to the most updated market insights and developments.
“CMC has a long commitment to providing investors with access to institutional-quality investment tools and resources,” Mr. Mayell said.
“This powerful partnership gives our investors the opportunity to use this best-in-class interactive platform to make data-driven investment decisions, which will help them make more informed investment decisions.”
TipRanks tracks and measures the performance of over 100,000 financial experts from across the globe, including Wall Street analysts, financial bloggers, hedge funds, and corporate insiders. Its Analyst Consensus gives a full-circle snapshot of ratings and 12-month price forecasts, enabling investors to see what experts are forecasting both for single stocks and ETFs.
CMC Invest users will also gain access to:
– TipRanks’ AI-generated ‘Bulls Say, Bears Say’ feature, which distills the latest analyst reports for securities into three simple sentences outlining both positives and negatives;
– Smart Score, a numerical gauge from 1-10 that helps investors identify which stocks are likely to Outperform or Underperform the market based on eight unique data points; and
– TipRanks’ Financial News, featuring hundreds of daily news stories, alerts, and analysis reports.
TipRanks CEO Uri Gruenbaum said the companies share a value-aligned, tech-led approach, making the partnership a natural fit.
“We are ecstatic to be partnering with CMC Invest,” Mr. Gruenbaum said. “Both our companies are laser-focused on levelling the playing field for all investors by making data and information more readily available.
“We believe technology has an important role to play in improving outcomes for every investor, giving individuals access to the tools and insights that were once only the domain of large-scale institutions.
“We look forward to working closely with CMC to help their investors further unlock investment opportunities with our cutting-edge technology and simple, yet powerful, data insights.”
CMC Invest users will start seeing TipRanks appear on the platform on December 5, 2024, after the market close.
“Bringing together two multi-award winning global fintechs can only lead to exciting innovations. Our collaboration will further support our investors and traders who are looking for clarity in a crowded environment, where market information is constant, ever-increasing, and at times confusing,” Mr. Mayell said. “We are excited by the possibilities this partnership will bring.”
CMC is a leading, global share investing and CFD trading platform. In Australia, it offers stockbroking services through its Invest platform and access to CFDs through CMC Markets; and it partners with institutions through CMC Connect. It is on a mission to revolutionize trading by making it simple and accessible for all.
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About CMC Invest
CMC Invest is one of Australia’s leading online investment platforms, providing clients with access to over *45,000 securities in 16 different markets. CMC Invest has been awarded numerous industry accolades, for its product, mobile app and international offering; including Canstar’s Broker of the Year for 14 consecutive years.
Part of CMC Markets (CMCX) with roots dating back to 1989, CMC Markets has established itself as a truly global financial services provider. The company’s consumer and institutional trading platforms allow millions of customers across the globe to trade and invest in financial markets.
See cmcmarkets.com.au for more information.
About TipRanks
TipRanks is an investment research company that levels the playing field, giving every investor access to invaluable stock research information that was formerly available only to top Wall Street experts. Using machine learning and AI, TipRanks gathers publicly available information about stocks and presents it in easy-to-understand datasets. Brokerages and banks as far spread as the U.S., Canada, Mexico, Brazil, Spain, England and Singapore have incorporated TipRanks’ stock research data into their platforms, giving their customers the means to bolster their investment returns.
See tipranks.com for more information.
