메뉴 건너뛰기

XEDITION

Board

After Crypto, Stocktwits Takes Aim At Stocks Trading

BuckLowrie03792776 2022.07.23 06:38 조회 수 : 0

By Medha Singh

July 19 (Reuters) - Stocktwits.com launched equities trading on its social media platform for individual investors on Tuesday, months after it brought out crypto trading, betting that a more connected community can navigate dire stock markets.

A popular venue for exchanging trading ideas, Stocktwits was among the online message boards that helped retail investors band together to drive eye-watering gains in meme stocks such as GameStop and AMC last year, squeezing bearish hedge funds.

Trading will directly be available on the platform through Stocktwits's broker-dealer subsidiary, ST Invest LLC, and users can choose to make their trades public, the company said.

"You can show your community that you actually own the stock that you're talking about and that will help build trust in the community," said Rishi Khanna, the chief executive officer of Stocktwits.

Trading activity of individual investors has waned from the highs of 2021, as fears of interest rate hikes and surging inflation dragged the S&P 500 down 19.6% this year.

Stocktwits has more than six million registered users and one million monthly active users.

It offers commission-free and fractional stock trading, which tend to entice individual investors that cannot shell out hefty per-share prices.

The New York-based company is now focused on launching options trading on the platform in the fourth quarter, along with a paid subscription for data that analyses retail investor GIANT4D sentiment and activity.

Crypto trading was the first trading capability offered by the platform in February.

The equities trading option will only be available to iOS users initially, and will be followed by releases for the web and Android versions, Stocktwits said.

(Reporting by Medha Singh in Bengaluru; Editing by Amy Caren Daniel)

번호 제목 글쓴이 날짜 조회 수
21331 Straightforward Guide To Helping You Understand Game Cheat Codes Leanne30806135774868 2022.04.15 2
21330 It’s About The Software Development Company In Lagos, Silly! SharonMedina7718276 2022.04.15 2
21329 Http://casinorew.wordpress.com HarrisHiggins088896 2022.04.15 2
21328 WarnerMedia CEO Jason Kilar To Leave His Post Ahead Of Discover Merger MargeneGeorg777659 2022.04.15 2
21327 Best Friends Granddaughter EvieGottshall4408 2022.04.15 2
21326 The Ideal Free Of Charge & Compensated VPNs To Get A British Isles IP Handle AlejandrinaTrommler9 2022.04.15 2
21325 US Seizes $34M In Crypto Tied To Hacked HBO, Netflix, Uber Account Data Sold On Dark Web TrinidadMoritz9 2022.04.15 2
21324 5 Reasons Why Social Media Is Essential For SEO MarianBirtwistle 2022.04.15 2
21323 Uae Exchange Wembley AlfredoLoo1061104 2022.04.15 2
21322 Star Casino To Pay $13m After 'wage Theft' JaredCoulombe2365 2022.04.15 2
21321 Hundreds Of Drug-laced Lollipops Found In NSW Police Raid DarellAzq912550421257 2022.04.15 2
21320 PDF Technology Boosts The Campus Productivity JustineBruni42483 2022.04.15 2
21319 EBay Forecasts Robust Holiday Sales As Online Shopping Drives... JessieA9583446900443 2022.04.15 2
21318 Военный Госпиталь В Китае RuebenGross747006 2022.04.15 2
21317 All You Need To Know About Thumb Sucking MyrtleRadke822844 2022.04.15 2
21316 Pixel 6 Pro Review: Google's Flagship Phone Is A Proper IPhone Rival MaiKohlmeier15707171 2022.04.16 2
21315 The Top Online Uk Casino Web-sites Catherine52749928547 2022.04.16 2
21314 Application Firewall Error HazelCourtney310515 2022.04.16 2
21313 Moment Hit-and-run Driver Crashes Into Pram And Kills 18-day-old Baby ShavonneKez36824289 2022.04.16 2
21312 Don't Make These Mistakes With Cannabis Clinics RuthGaertner764949823 2022.04.16 2
위로