ThinkMarkets, an FX/CFDs broker moving for a public listing, has enhanced its services with its latest partnership with Acuity Trading, which uses artificial intelligence (AI ) for market analysis.
ThinkMarkets Integrates Signal Center
Under the deal, ThinkMarkets integrated Acuity Trading's Signal Centre tools directly into its trading ecosystem. Acuity acquired Signal Center in 2021 to enhance its range of products.
The announcement detailed that traders of the platform will receive "up to 40 high-quality, real-time trading signals each day." The traders will be sent the signals at the opening of the market and will come with entry, exit, and stop loss levels.
"We are always looking for ways to enhance our traders' experience and give them opportunities to improve their trading performance and achieve their trading goals," said ThinkMarkets' CEO and Co-Founder, Nauman Anees. "The integration of Signal Centre compliments our varied offering of trading platforms by providing clear, actionable insights direct to traders to support them to make informed and faster decisions about their trades."
AI-Powered Trading Solutions Are in Demand
Founded in 2013 and headquartered in London, Acuity extracts and analyzes rich sentiment data from global news sources using proprietary technology to provide market insights. It uses sophisticated Machine Learning and Natural Language Processing technology to provide market signals. Additionally, it acquired the research firm Signal Centre and opened an R&D center in Barcelona, Spain.
Moreover, the company recently partnered with BlackBull Markets, a New Zealand-headquartered broker.
"This partnership will allow us to offer our innovative analytics platform to ThinkMarkets' clients, providing them with a valuable tool to help them make more informed trading decisions," Andrew Lane, the CEO of Acuity Trading, added. "We believe that this partnership will be mutually beneficial, and we look forward to working together to help traders succeed."
The integration came when ThinkMarkets entered into a reverse merger deal to become a public company. The listing is expected to be in July 2023.
Furthermore, ThinkMarkets revealed that it has 138,500 clients from across 165 countries and generated a revenue of $62 million in 2022, growing at 24 percent CAGR. It has received a valuation of $160 million on a pre-money basis, with an implied pro forma enterprise value of about $190 million.
