Mobile-first FX and CFD brokerage acquires one of the most popular charting and analytics apps.
Retail FX and CFD firm ThinkMarkets has acquired Trade Interceptor, the world’s most searched-for trading analysis app.
The deal marks a major step forward in ThinkMarket’s mission to be the only truly mobile retail broker – a crucial commitment given the rapid growth of the mobile trading market.
Sofia-based Trade Interceptor is one of the fastest-growing mobile technology firms. The app has been downloaded almost half a million times to-date and is ranked in the top three on app stores (including iOS, Android, Windows Mobile, Amazon’s FireOS and Blackberry) around the world.
This growth has been achieved organically, without any marketing spend, and is testament to the product’s capabilities. These include robust charting functionalities, previously available only on powerful desktop platforms.
The app offers triple the number of chart-types and indicators available on other retail brokers’ apps. It was also the first to create server-side trading alerts – saving traders’ battery life as they don’t need to keep the app open to receive notifications.
Users can trade in live, demo and back-tested scenarios – so the app is just as valuable to advanced traders as to beginners looking to trial their trading strategies. It is built and developed based on user feedback, with over 200-enhancements deployed so far to continuously upgrade and evolve its functionality.
Through the acquisition, ThinkMarkets will connect its trading infrastructure to Trade Interceptor thus offering users the ability to analyse and trade from the same platform.
Nauman Anees, CEO and Co-founder of ThinkMarkets, says: “We have a mobile-first strategy that will transform the world of online trading and propel us to become the world’s largest mobile-trading broker.
“We are heavily investing in mobile by offering users the very best mobile trading experience, our products come with exceptional order-execution, coupled with the advanced tools that our customers need to create and run trading strategies, wherever and whenever they want.
“That covers everything from allowing our customers to go out and enjoy themselves without worrying about missed opportunities because their app is draining their phone battery, through to letting them make rapid adjustments in response to breaking events without having to rush home. We are determined to establish ThinkMarkets as a top-five global online trading. This acquisition is a big part of that.”
Rodolfo Festa Bianchet, CEO of Trade Interceptor, says: “By integrating with one of the world’s leading retail brokerages, we completely remove the need for traders to be chained to their desks. The world is mobile, traders should be too. Now traders can train, research, analyse and execute from a single platform with no loss of functionality, giving them a level of freedom that just hasn’t been seen before.”