In its latest collaboration, Denmark-based Saxo Bank has integrated TipRanks’ stock analysis suite into its online trading platform. The collaboration will see TipRanks provide new research and analysis capabilities to Saxo’s clientele amidst wider demand for these resources.
In particular, the new partnership will include the adoption of TipRanks’ financial analytics capabilities directly into Saxo’s newest offering, . The toolkit offers stock ratings and price targets from a collection of ranked analysts as well as analyses of the latest news sentiment. TipRanks’ research tools will cover stocks trading on European exchanges, in addition to the US and Canada.
Earlier in November, the Danish FX broker launched SaxoInvestor, which it describes as a platform that gives investors the opportunity to build long-term portfolios across stocks, bonds, mutual funds, ETFs, and SaxoSelect portfolios.
Saxo Bank also made headlines last month after it confirmed plans to for around $480 million in a move to expand its online trading and investment business where competition is heating up.
TipRanks expand to crypto
TipRanks, a US-based financial analyst ranking service, has been pursuing several already in 2019, most recently extending the use and market penetration of its product to a number of venues and others. Nasdaq and Santander the service into their respective offerings, giving TipRanks access to its largest client base to date.
Commenting on the news, Uri Gruenbaum, CEO and Co-founder of TipRanks, said: “I am very proud about our new partnership with Saxo Bank, one of the strongest brands in the industry. Many of our retail investors use Saxo Bank as their execution platform and the new partnership will make their life easier and make our tools available to many new investors”
In addition, TipRanks has expanded its offering into the cryptocurrency space with the launch of CoinWatch, which provides investors with historical data and real-time analytics on 1,000+ different virtual coins.
The list of key features includes a cryptocurrency exchange converter, alerts, advanced analysis, investment ideas, pricing data, heat maps, social media analytics, sentiment analytics, portfolios performance trackers, and other tools that cover almost all cryptocurrencies.
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