Capitalise goes live with Interactive Brokers
Capitalise is beginning the year with a bang: the company’s technology – which enables traders to automate their strategies using natural language – is now live with Interactive Brokers (IB), reports David Penn at Finovate.
“Partnering with the prominent Interactive Brokers is a cornerstone achievement for Capitalise,” says Capitalise CEO Shahar Rabin. “This partnership will allow IB users to take their trading to new heights by automating them with the Capitalise platform. We believe IB users will enjoy and benefit from the hands-off experience of algo trading.”
Capitalise offers a white label solution that redefines trading automation by enabling traders to build and automate their own unique strategies using natural language. The technology transforms if-then scenarios into executable trades, monitoring the market and making entries and exits based on parameters provided in plain English by the trader. In this way, Capitalise brings the benefits of algorithmic trading to the average investor without requiring programming knowledge or ability.
The technology also enables traders to optimise their strategies, allowing them to analyse, predict, and improve investment outcomes with the click of a button. Capitalise is integrated with trading accounts on many third-party exchanges and brokers, making it easy for traders and investors to manage their trades in one place.
Capitalise plans to add a number of additional features to the platform including a social network for traders called The Social Arena, as well as backtesting functionality to enable traders to apply historical data to specific scenarios.
IB is an electronic brokerage firm based in the US, with offices in 12 countries. Founded in 1978, the company has grown into the biggest electronic broker in the country based on daily average revenue trades and the number one forex brokerage. IB serves 607,000 client brokerage accounts, adding up to $139.2 billion in customer equity.
Founded in 2014 and headquartered in Tel Aviv, Capitalise has raised more than $5 million in funding and includes Stage One Ventures, Poalim Capital Markets, Gefen Capital, and Glenrock Israel among its investors.