moomoo launches new US patented charting features for mobile users
“Share traders and investors have more power than ever before. New technology, including AI, has afforded online share traders a real edge. They can customise their trading experience to align with their investing values and access markets and information from the palm of their hand.”
moomoo has extended its charting feature to cater to its growing mobile user base following the share trading platform’s Research & Development affiliate being able to secure a patent from the United States Patent and Trademark Office (USPTO) for its mobile charting innovations.
According to Futu Holdings, which operates the retail brokerage brand moomoo, the newly patented mobile charting method empowers investors to draw and customize charts on their mobile phone app with unprecedented ease and precision toward an exceptional user experience.
Mobile users can use fingers to draw lines, shapes, Gann Fans, Fibs…
The firm further explained its patented charting tools are favored by professional and technical investors and allow users to draw lines and shapes on charts on their mobile phone, using their fingers. This helps traders analyse price movements, recognise patterns and identify possible buy or sell opportunities on their mobile devices.
All drawings and annotations added to any security are saved permanently and synched to the user’s profile on desktop and app. This allows users to navigate between different stock pages on the platform with the knowledge their drawings will remain stored and ready for use when they return to a certain company’s stock page.
The newly patented tools include technical analysis tools such as Gann Fans and Fibonacci retracements, which are frequently used by institutional traders. These are just some of the 38 drawing tools and over 60 investing indicators that our trading community can now use for free.
Moomoo’s parent company dedicates 70% of its resources to R&D
Jessica Amir, Market Strategist at moomoo, commented: “Share traders and investors have more power than ever before. New technology, including AI, has afforded online share traders a real edge. They can customise their trading experience to align with their investing values and access markets and information from the palm of their hand.”
“Moomoo’s parent company dedicates 70% of its resources to Research & Development. This illustrates that our platform’s tools are constantly being enhanced and upgraded to give our trading community leading tools to be successful.”
Headquartered in Hong Kong, Futu Holdings operates globally in several countries including Singapore, Australia, Japan, and Malaysia, the latter of which was launched a few months ago.
The “super investment platform” was launched in Malaysia – featuring a holistic suite of self-help educational resources, free-for-all market data, and a supportive global community – after securing the Approval-In-Principle for the Capital Markets Services License (“CMSL”) from the Securities Commission Malaysia.
Futu caters to a total of 20 million investors spread across the globe and is listed on Nasdaq with the ticker FUTU. Its subsidiaries provide clients with investing services, including trading and clearing services for the United States, Hong Kong SAR, China Connect, Singapore, and Australia stocks, margin financing, securities lending, and wealth management.