Firstrade is an online brokerage firm that was established in 1985 and has now entered into a partnership with Trading Central, a leading provider of investment decision-making tools, data, and research. The collaboration is created to let Firstrade clients access an extended variety of research and analytical trading solutions from Trading Central, which is intended to supply essential research tools and insights to make the right trading decision.
Firstrade Collaborates with Trading Central
As part of this collaboration, Firstrade’s customers will now be able to use the whole Trading Central range of products, including Technical Insight, Market & News, Strategy Builder, and Economic Calendar. Technical Insight delves into stocks using technical analysis methods to detect trends and patterns, while Market & News gauges market sentiment backed by AI and uses advanced sentiment scoring classes.
Strategy Builder (SB) is an application that enables investors to evaluate stocks based on more than 65 fundamental, technical, and quantitative elements. On the other hand, the Economic Calendar (EC) is an interactive option that visually aids in understanding upcoming economic events.
Firstrade CEO Don Montanaro’s statement on the partnership
“Our integration with Trading Central enables our investors to make more informed decisions and smarter trades. We’re committed to giving our clients the latest in financial innovation.”
Trading Central launches new tools
Besides, the company has launched two new products to the market. Options Insight, which came into the market in January 2024, is an AI-powered instrument engineered for usage in the derivatives industry and by self-directed investors. It conveys the essence in which they stand as one of the alternatives to stocks that are good for portfolio diversification, risk management, and income generation.
The TC Crowd Insight’s overhaul is tailor-made for news and social media sentiment detection, powered by Trading Central’s signal, the Sentiment Signal, to anticipate mood changes between buyers and sellers. It helps users perform their “buy and sell” operations by considering the pace of sentiment change in the market.
This alliance between Firstrade and Trading Central makes trading analysis more effective for Firstrade users. It provides them with more powerful decision-making tools to use in their financial decisions.