TipRanks, which offers financial analytics services, has joined the Nasdaq Data Link platform. Announced recently, the Israeli company has become a supplier of alternative data on Nasdaq’s platform through the addition of its proprietary analyst ratings and price targets.
It will enable Nasdaq Data Link users to access market research information, thus providing insight into sell-side analysts’ opinions and market trends. The move came as the Israeli company is strengthening its services and expanding into new markets.
Nasdaq Data Link offers a library of datasets through cloud APIs, targeting institutions and professionals. The service was launched in September 2017 by the New York-headquartered company and was strengthened with the acquisition of Quandl the following year.
“I am delighted that users of Nasdaq Data Link can now integrate TipRanks’ alternative data into their research,” said Uri Gruenbaum, the Chief Executive Officer at TipRanks.
“By making this sort of data widely available to retail investors as well as hedge funds and asset managers, more people than ever before can make smart data-driven investment decisions.”
Leveraging AI for Market Analysis
TipRanks was established in 2012 and offers a stock research platform that makes alternative databases available to retail traders. It uses natural language processing to analyze the performance of professional analysts for its services.
The platform is partnering with trading platforms, offering traders its analytics services. Most recently, it entered the Chinese market, partnering with Futu. Earlier, it entered the US by partnering with eTrade, Canada with TD Bank and India with Stockal, an investing platform providing Indian retail investors direct access to US stocks. In addition, it launched its services in the United Kingdom.
