“There are very few tools out there that give a complete picture of the market in a way that is conducive to both beginners and more advanced traders,” Trade It CEO Nathan Richardson said. “We are excited to be working with TradingView as this partnership will power retail investing across the web, a match made in heaven.”
TradingView is the largest social networking and data analysis tool for financial markets. The Chicago, Illinois-based company aims to give non-professional traders a “Bloomberg-like experience” with free charts and analysis, as well as the ability to share and discuss their own trading and investing ideas in real-time. TradingView’s platform leverages HTML5 to relieve users of installation and setup. The technology is compatible with a variety of formats, including iPad, tablet, and smartphone.
“With millions of users around the world, our mission is to provide the trading community with a comprehensive solution for investing, from social networking to research,” TradingView CEO Denis Globa said. “The developments we’ve made in recent years have not only benefited our user base, but they’ve expanded our global reach.”
TradeIt demonstrated its platform at FinovateFall 2015. Last month, the company announced that it was partnering with IBM Cloud for Financial Services to make it easier for developers to add universal brokerage functionality to their apps and platforms. The company’s solutions include TradingTicket, which enables investors to make, retrieve, and cancel market orders; PortfolioView, which links investors’ account balances and positions for easy monitoring; and SmartAds, which delivers highly targeted financial ads to help firms further optimize the platform.
Headquartered in New York and founded in 2014, TradeIt has raised $12 million in funding. The company includes Newfund Capital and Valar Ventures among its investors.