Discover how ThinkMarkets, a renowned FX/CFDs broker going public, partnered with Acuity Trading, an AI-powered market analysis tool, to improve its offerings. Examine how this collaboration benefits traders and investors.
With its most recent relationship with Acuity Trading, which employs artificial intelligence (AI) for market analysis, ThinkMarkets, an FX/CFDs broker pursuing a public listing, has improved its offerings.
Signal Center is integrated by ThinkMarkets
As part of the agreement, ThinkMarkets directly incorporated the Signal Centre capabilities into its trading ecosystem. In 2021, Acuity purchased Signal Center in order to expand the scope of its offerings.
According to the statement, platform users would get “up to 40 high-quality, real-time trading signals each day.” At the start of the market, traders will receive signals that include entry, exit, and stop loss levels.
Nauman Anees, CEO and co-founder of ThinkMarkets, stated, “We are constantly looking for ways to improve our traders’ experience and give them opportunities to improve their trading performance and achieve their trading goals.” “The integration of Signal Centre complements our broad range of trading platforms by giving traders direct access to clear, actionable insights that help them make more rapid and informed trading decisions.”
Demand for AI-Powered Trading Solutions
Acuity, a 2013 startup with its headquarters in London, uses its own technology to gather and analyze detailed sentiment data from international news sources in order to offer market insights. To give market indications, it makes use of cutting-edge machine learning and natural language processing technologies. Additionally, it constructed an R&D facility in Barcelona, Spain, and bought the research company Signal Centre.
Additionally, the business just joined forces with broker BlackBull Markets, which has its headquarters in New Zealand.
According to Andrew Lane, CEO of Acuity Trading, “this partnership will enable us to offer our cutting-edge analytics platform to ThinkMarkets’ clients, providing them with a valuable tool to help them make more informed trading decisions.” “We are confident that this partnership will be advantageous to both parties, and we look forward to cooperating to support traders in their success.”
When ThinkMarkets agreed to a reverse merger in order to go public, the integration happened. The expected listing date is July 2023.
Additionally, ThinkMarkets disclosed that it has 138,500 clients from 165 different countries and produced $62 million in sales in 2022, rising at a CAGR of 24%. The inferred pro forma enterprise value of approximately $190 million positions it at a pre-money valuation of $160 million.