FinTech Innovation Spotlight
Cboe provides high-quality, real-time data to some of the most innovative and exciting start-ups operating in financial markets today. By partnering with Cboe, these companies are able to develop unique solutions and products to better serve audiences looking to engage with markets around the world.
We put these firms in the spotlight so they can share their stories with our global network. We are proud to partner with firms operating at the forefront of global finance, and we want you to know about them too.
TickerTags – Connecting trending social content to investable companies
TickerTags captures and measures the activity of conversations across different social content. By identifying conversations and themes across a broad swathe of potential channels, TickerTags provides data that can act as an early alert system to factors that could affect market price, all accessible through a mobile app.
In practice, TickerTags maintains an evolving library of 800,000 curated tags (e.g., key products, brands, competitors, topics, affiliated people, places, regulatory threats) that are in turn indexed to 2,500 publicly investable assets. The firm provides a minute-by-minute statistical analysis of the number of times a tag is mentioned across all documents coming from a specific data source. The same is done for online news, product reviews, blog and message board posts, and social video comments covering a robust representative sample of the world’s online and social content.
With the recent addition of Cboe's real-time data, TickerTags user interfaces now include price information across all U.S.-listed corporate companies monitored. This helps to identify asset performance — and any price impact — with users able to see how changing sentiments and developing information flow affect prices immediately — as well as a target based on how prices could move, based on current news flow, in the future.
By integrating with Cboe, and using Cboe's data to illustrate fast-moving markets, TickerTags helps to bridge, filter, and measure immense volumes of otherwise noisy and unusable unstructured social data to give users a vastly better view of how information — and therefore prices — could be trending.
While TickerTags is relatively new, early customers of the firm include some of the world’s most influential banks and hedge funds. In time, the team plans to release an API product license encompassing regularly updated brand/product mapping relationships to 2,500 publicly traded companies, following strong demand.
missingSTEP – Suite of mobile apps providing real-time stock analysis
San Francisco-based missingSTEP is a leading investment analysis tool provider for the mobile market. The company reaches more than 300,000 users through mobile applications that combine a deep understanding of what traders want with cutting edge app design innovation.
The result is a sophisticated set of tools that ensure users — often expert technical traders — can manage risk easily and on the go.
Of missingSTEP’s suite of nine apps, Daily Stocks Pro is the most popular, and best known. It was previously named Best Finance App of the Year by Apple, and was one of the top ten top grossing apps in the entire App Store.
An advanced stock analysis tool, it filters all stocks traded on Cboe and identifies those showing the greatest potential for profit. Behind the scenes, Cboe data is used to run technical trading models and to filter and scan the market for predefined technical conditions.
“Our goal is to enable our customers to successfully engage with financial markets around the world, which is why real-time, high-quality market data is so vital for our business and our users,” says missingSTEP founder Alp Simsir. “The adaptability of Cboe data, matched with Cboe commitment to low cost, is critical for us as we develop and innovate our offer to our customers.”
Other missingSTEP apps, like 1 Stock A Day, offer share predictions and community signals for buying and selling securities, while others offer data and signals on the global FX market and commodities complex.
All missingSTEP apps share a common feature: they are tailored to the specific needs of users. Because just as Cboe agrees, when it comes to financial markets and market structure, one size doesn’t fit all.
missingSTEP will make in-app trading available in Q1 2017, underscoring the importance of real-time market data.
The company also wants to make its apps available for Android devices, and after significant requests from users, is looking into building a Windows-based desktop platform.