: They are developing popular alternatives, such as financial data analytics and mobile-centric trading platforms, in a wealth-management landscape traditionally dominated by big Wall Street firms, according to Market Watch. Giving retail traders some sort of quantitative systematic approach to make investments can reduce the flaws in their thinking, said Benoit Brookens III, founder of Accrue Inc., a provider of quantitative trading analytics that until recently catered to financial institutions. ‘Giving retail traders some sort of quantitative systematic approach to make investments can reduce the flaws in their thinking.’ Benoit Brookens III, Accrue Inc. Financial technology firms, collectively known as fintech, are swiftly bridging the technology gap between retail traders and their institutional counterparts. The Manhattan-based firm is in the final stage of a move into the retail sphere, Brookens reported, with a pending acquisition of a leading algorithmic-trading platform for both retail and professional investors. Brookens sees the trend as a rising tide that will benefit everyone, he said. The acquisition will add more than 10,000 retail investors to the company client base, Brookens said in a phone interview.
(news.financializer.com). As
reported in the news.
Tagged under , financial institutions topics.