Typernex is expanding to India and has signed a cooperation agreement with Stockal
Posted on Mar 16, 2021 by Ifi Reporter - Dan Bielski
The Israeli market analysis platform Typernex is expanding to India and has signed a cooperation agreement with Stockal, India's largest international brokerage firm. As part of the cooperation, the Israeli system will be integrated into the site and will assist Indian investors in making investment decisions on the American stock exchanges.
TipRanks has developed technology for analysis and rankings in the capital market based on information published online. The system scans economics sites, company reports, analysts' analysis, blogs, social networks and responses from individuals and derives insights from institutional investors and investors who can examine the composition of their portfolio and identify new trends in the US, Canada and UK stock exchanges ahead of time.
Tifranks serves over four million end users a month and with its institutional customers include many dozens of financial institutions such as Nasdaq, Itrade, Emeritrade, Santander Bank, and more. Tifranex's service is also partially offered in Israel by the operating banks, Leumi, Discount and International. The company employs about sixty people in its offices in Tel Aviv.
Stockal operates from New York and Bangalore in India and aims to make American stock exchanges accessible to Indian investors to enable them to diversify their investments across multiple markets and allow them to enjoy the range of investment tools, companies and areas of activity in the US. The collaboration with Tifranex will allow Indian investors to receive recommendations from senior Wall Street analysts, along with the ratings of each of them and be updated in real time on an expanding discourse on social media and websites about certain stocks.
Typernex CEO Uri Greenbaum said the entry into India is a strategic move by the company out of a belief in the country's huge potential. In recent years tens of millions of young Indians who are well versed in digital tools have amassed start-up capital. We've now exposing to those investors advanced tools that will allow them to make the best investment decisions for them, so that there will be no difference between an investor from New York and one who is in Bombay, New Delhi.
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