Marketmind aquires StockPoint Nordic
Marketmind and Stock Point Nordic have signed an agreement for Marketmind to purchase 100 percent of Stockpoint’s outstanding shares.
Together, the companies offer a wide and exciting range of software products which are targeted for players in fiancé, exchange and stock trading. The focus is firmly on helping investment firms and banks offer next generation trading systems working over the internet.
“We really believe in this. Now we are working hard to deliver the best products within stock quotes and stock trading systems to banks and investment firms. We will be a leading supplier to the financial industry in Scandanavia”, says Marketmind’s Chairman, Erlend Bruvik
The trend in the stock market makes it increasingly important for brokers to offer their customers trading via new electronic channels.
“By providing a complete orderbook over several markets, an investment firm can offer the best stock prices. We believe in increased fragmentation and it is important to have current systems which can handle this”, says Erlend Bruvik, “adding that terminals which are offered to investment firms will be very competitively priced.”
The company offers popular applications for mobile phones and tablets which have received good reviews from users, both from Apple’s AppStore and Android’s Play. The applications can be used for online trading, viewing stock quotes and portfolios.
“Trading via mobile phones and tablets is still in its infancy, but here investment firms and banks have an excellent opportunity to enter this market early with products which customers already like using. We believe more and more stock trading will occur via mobile phones in the future”, says Bruvik.
“We see that a number of companies paying high prices for their products and we will deliver market-leading solutions and products at lower prices. Investor relations websites, stock trading and terminals will be priced at a new level. We will make it possible for brokers to distribute products to their customers for free, which will give investment firms more business”, says Bruvik.The company has over 25 developers and head quarter located in Oslo, Norway.