German FinTech firm NAGA has partnered with stock analysis platform TipRanks to integrate new research tools into its trading platform, giving retail users broader access to institutional-style data.
The collaboration introduces features such as analyst forecasts, price targets, and investment recommendations, allowing NAGA’s users to track how hedge funds and fund managers are positioning themselves in the market. The platform now also includes updates to TipRanks’ Smart Score system, which ranks stocks on a 1-to-10 scale using multiple data points.
According to NAGA, the tools offer faster performance and a more user-friendly interface, allowing individual investors to review and act on data more efficiently.
The move comes amid increased demand for retail trading platforms to match the data capabilities of institutional services. NAGA, which is listed on the Frankfurt Stock Exchange, offers trading in stocks, cryptocurrencies, and CFDs.
Executives from both companies said the integration would help broaden access to data that has traditionally been available only to large financial firms.
Valentin Ilioi, CMO of NAGA, commented, “Our collaboration with TipRanks will yield significant benefits for our users. These enhancements represent our commitment to providing innovative tools that give our traders a competitive edge.”
Uri Gruenbaum, CEO of TipRanks, added, “We are delighted to partner with NAGA. Both our companies are laser-focused on making data and information more readily available to all investors. We believe technology has an important role to play in improving outcomes for every investor, giving individuals access to the tools and insights that were once only the domain of large-scale institutions.”
TipRanks creates a ‘financial accountability’ engine that collects digitally published stock recommendations and ranks thousands of analysts by performance, allowing investors to see their success rates.
Specifically, TipRanks provides traders with real-time access to the track record and performance of any stock analyst, blogger, hedge fund, or corporate insider, dating back to January 2009. By simply searching for a name, users can see how well an analyst has performed, get real-time recommendations, and more.
While a few platforms, like Covestor, offer similar services, the Tel Aviv-based company claims to be the only one that shows how reliable a rating is by calculating the profitability of an analyst’s past ratings. This feature helps newcomers follow the lead of those who are more knowledgeable and better informed.
