Social trader network StockTwits buys stock discovery platform
New York-based StockTwits, the largest social trading network that operates a Twitter-like service, has acquired SparkFin, a San Diego developer of the first natively mobile stock discovery and sharing platform that helps investors instantly create, share and find stock ideas. StockTwits has around 1.5 million monthly active users and investment firms pay to leverage its API.
StockTwits, , the New York-based social trading network which operates a Twitter-like service for traders and investors, has just completed an acquisition of SparkFin Inc., the developer of a mobile stock discovery and sharing platform.

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SparkFin is a San Diego, California based Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term company that created the first natively mobile stock discovery platform to instantly create, share, and find stock ideas. According to a statement, the firm will continue its operations and join the pre-existing StockTwits San Diego team.

With about 1.5 million monthly active users, StockTwits hopes that onboarding SparkFin to its platform, which provides real-time sentiment of the stock market, can enhance the offering and allow them continue to provide value to investment firms which pay to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term StockTwits’ API.

Ian Rosen, CEO of StockTwits, Inc., commented: "StockTwits is the largest social platform for investors and traders, and we are growing rapidly as more people take investing into their own hands. Much like our launch of Moneybadger.com late last year, SparkFin makes it easier for newer investors to get started in markets and investing. The addition of SparkFin is an excellent way for us to further our mission of making investing easy, fun, and profitable."

Jason Pang, CEO of SparkFin, added: "We have seen very strong growth since launching last year. Would-be investors who want to use SparkFin lists to get a jumpstart picking a portfolio will have a wider community with which to interact at StockTwits, and experienced investors can generate new ideas with the data."