Lightyear makes 3,000+ stocks and ETFs available on Web app
“Many investors prefer to manage their portfolios on the big screen — myself included. We knew a web app would be a part of Lightyear’s journey in the long term, but by speaking to customers we quickly realized it wasn’t something we should kick down the road, so we’ve been researching and building to get to this point less than one year after our European launch.”
Lightyear has announced the launch of a web application for its investment platform that allows customers to manage their portfolios, buy/sell shares, and research over 3,000 instruments across stocks and ETFs.
The web application has been the most highly requested feature at Lightyear. Over half of customers (57%) have said that access to their account and data on a bigger screen, like a desktop or laptop, is something that comes into play when choosing which broker to invest their money with.
“Many investors prefer to manage their portfolios on the big screen — myself included”
Martin Sokk, Co-founder and CEO at Lightyear, said: “Many investors prefer to manage their portfolios on the big screen — myself included. We knew a web app would be a part of Lightyear’s journey in the long term, but by speaking to customers we quickly realized it wasn’t something we should kick down the road, so we’ve been researching and building to get to this point less than one year after our European launch.”
Jani Kiilunen, Lead Product Manager at Lightyear, added: “We spend a lot of time speaking to our users to truly understand which products they need from us, and what’s the best way to build them. True to that, we ran customer interviews with customers from all over Europe before starting to build our web app, as well as beta tests with the first iterations, to make sure we’re building a product that fits investors’ needs. I’m very excited about where we got to with the help of our customers, and can’t wait to keep iterating on our web platform based on further feedback and requests.”
With the new web app, users will be able to track their portfolio performance, earned interest and also buy and sell shares through the web. All order types will be supported, which on Lightyear include Market, Limit, and Repeat Orders. The web platform also supports currency conversions between GBP, USD, and EUR within Lightyear’s multi-currency account.
Lightyear offers option to earn interest on uninvested money in GBP, USD & EUR
Lightyear aims to develop the web offering further based on customer feedback. Some requested features include a wide range of research and analysis tools, including an events calendar, price targets, and fund highlights. Lightyear is looking to bring to the platform over the next few months.
The investment platform recently launched research features like Portfolio Insights and Profit and Loss Explainer, as well as the option to earn interest on uninvested money in GBP, USD & EUR.
Banks pay interest to Lightyear for its customer money, and the company chooses to pass on this interest to benefit customers. Lightyear’s formula for interest payments is simple: the amount is always the central banks’ base interest rate, minus a 0.75% fee.
Most recently, the company added over 100 UK stocks from the London Stock Exchange, as well as expanding its services into Hungary. These events shortly followed the launch of German and Dutch stocks
