EXCLUSIVE: Admirals Joins Forces with TipRanks to Boost Traders' Research Capacity

Admirals, a global financial technology company, has joined hands with TipTanks, a top financial big data company that makes institutional-grade research tools and data available to retail investors.

The goal of the partnership, according to a joint statement shared with Finance Magnates, is to improve the research capabilities of traders.

“Thanks to the partnership, traders using Admirals’ website and mobile app can now access the analyst rating consensus and price targets of the stocks they are researching, making it easier for them to formulate data-driven decisions,” the companies explained.

For increased transparency, they further noted, users can check out how well analysts are ranked based on their performance track records.

However, the companies disclosed that the integration of TipRank’s into the Admirals mobile application and website will not be introduced until early September. The integration will be added as widgets, they added.

Once the integration is introduced in early September, Admirals, which was recently licensed to provide contracts for difference execution and share trading options in South Africa, becomes one of several leading global financial organizations that have integrated TipTanks’ tools into their platforms to improve their users’ research capabilities.

The list includes companies such as NASDAQ, Questrade, TD Ameritrade, Santander and TD Bank, among others.

‘Another Game-Changer’

Commenting on the partnership, Uri Gruenbaum, the CEO of TipRanks, expressed delight at the collaboration with Admirals.

“By making alternative data such as analyst ratings available to retail investors, Admirals is investing in their clients and providing them with the tools they need to improve their research power,” Gruenbaum explained.

On his part, Sergei Bogatenkov, the CEO of Admirals, praised the research quality and capabilities of the organization which was seen as a result of insight from TipRanks. Bogatenkov noted that the global fintech firm is “proud to announce our alliance with the top player of the industry.”

“Our partnership with TipRanks celebrates another game-changer in the industry as we have taken a significant step in using insights from top analysts for the benefit of our users,” he said.

‘We Continue to Innovate’

In an earlier interview, the CEO, Uri Gruenbaum told Finance Magnates that innovation stands at the core of TipRanks.

In July, TipRanks joined NASDAQ Data Link, a platform that offers a library of datasets through a cloud application programming interface.

Gruenbaum explained: “We’re always looking for new ways to level the playing field for retail investors. TipRanks is the only platform to provide aggregated analyst ratings to rank analysts.

“We now have an entire suite of stock analysis and research tools based on unique data that investors simply won’t find elsewhere.

“Whichever tools institutional investors use, we will find a way to simplify them. For example, we recently added a new feature that offers insights about website visits to publicly traded companies.”