Innovative online investment platform unveils new
developments and offers users chance to buy stake in the
business
Investment platform
TIMETOTRADE has unveiled plans to
offer the most sophisticated institutional investor trading
technology ever available to the UK's private investors.
From this Autumn the platform will offer access to the tools and
techniques that help professional traders protect assets and seize
opportunities when markets are moving rapidly. The move - along
with its low-charging model - will bring it head-to-head with some
of the biggest investment platforms.
The FCA-authorised company is also launching a £500,000
Crowdcube offer to enable users and other retail investors chance
to take a stake in the business.
TIMETOTRADE, which was
established in 2014, is already enabling over 31,000 registered
site users to receive alerts when any combination of price,
trend-line, technical analysis, volumes or candle-stick chart
conditions is met and is sending out half a million notifications a
month.
Soon users will be able to set the alerts to automatically
trigger trades, helping them implement strategies in volatile
markets. Investors, who can currently trade and hold shares through
the platform, will also be able to invest in funds, CFDs, FX and
Spread Betting deals. The service will support ISAs and plans are
in place to add a SIPP wrapper.
The platform's founders - who have a strong record in launching
and floating successful financial services businesses - believe the
developments could transform the UK's online trading industry.
Founder and chief operating officer Dary McGovern said: "There's
been little evolution of the brokerage business for some years -
too many platforms and fund supermarkets are offering the same
thing. We're giving investors tools they have previously only
dreamt of and the chance to reduce costs.
"If you want to execute a bespoke strategy you typically end up
having to write your own software program and build sophisticated
spreadsheets to work out your position. If you're investing outside
a tax wrapper you also need an accountant to calculate your Capital
Gains Tax liabilities. We've solved all those problems, making it
easier to test trading strategies, execute them and get a view on
your portfolio position at any time, together with tax
implications."
The platform charges start from just £5.50 a trade for shares
and as an added incentive to Investors supporting the Crowdcube
fundraising they will earn a discount on trading charges for life -
up to 20% a trade for those investing £10,000 or more.
The platform, which has attracted users from the UK, Europe and
Asia, has also been designed to help members of investment clubs
trade and manage their reporting. It is estimated that there are
over 100,000 members of investment clubs in the UK alone.
CEO Simon Denham said:
"TIMETOTRADE offers a significant
step forward for investors because it allows more automation of the
investment process. That means when opportunities arise you can
take advantage of them without having to wait until you can get
online. It also helps take the emotion out of decisions, which is
what most often gets in the way of investors succeeding."
Denham added: "The private investment market is immense and
pension freedoms in the UK mean that many more investors will be
taking control of their own money in the future. We have a global
product, a proven business model, an established user base and
great growth potential."
Speaking about the decision to raise funds through CrowdCube,
Denham said: "We have had strong financial backing at each stage of
the business's development from wealthy individuals and
institutions. We know that many of those on the platform are smart
investors who can see its potential quite clearly and would welcome
the opportunity to take a stake before it gets to an IPO stage.
"We've always wanted to do things differently and see this as a
good opportunity to strengthen the ties between us and our
users."
Once the fundraising is complete, the firm will be valued at
£8.5 million. TIMETOTRADE has a
projected year-three revenue of £9.1 million with estimated
earnings before interest, tax, depreciation and amortisation of
£4.2 million.
ENDS
For more information contact:
Martin Stott, Bulletin
Direct: 0115 907 8413
Mobile: 07956 917978
martin.stott@bulletin.co.uk
Notes to editors
TIMETOTRADE is a brand name of
Mercor Index Limited. In January 2016, Mercor received FCA approval
to launch its trading services and was capitalised with £1m of
regulatory capital.
The site has over 31,000 registered clients, 3,200 investment
clubs and 12,000 monthly users.
TIMETOTRADE is targeting
investors who want to build an investment portfolio or manage their
pensions, traders who want to speculate on currencies and indices,
and investment clubs whose members want to pool their capital.
The team behind TIMETOTRADE
have proven track records in building and managing trading
technology businesses with £150 million, $250 million and £1
billion valuations respectively.
Simon Denham - CEO
Founder and former COO/CEO of London Capital Group (LCG) plc,
which was listed in 2006, later achieving a market cap of £150
million. LCG is a leading retail derivatives broker, specialising
in online trading services for private, professional and
institutional customers. Simon joined
TIMETOTRADE with the focus of
developing it into a fully regulated broker. He brings significant
expertise in running retail trading operations and driving growth
through broker partnerships.
Dary McGovern - COO / Founder
Prior to founding TIMETOTRADE,
Dary was the chief technology officer at euNetworks plc, which
specialised in developing technology solutions for the investment
banking and enterprise sectors. Dary was part of the team that took
euNetworks from start up through public listing in 2004 with a $250
million market cap. Prior to euNetworks Dary held lead roles in the
design and delivery of technology projects that generated over $1
billion in sales for Nortel, before moving on to his own
projects.
Tim Hughes - Non-Executive Director
Managing Director of ionStar; a company that provides regulatory
compliance advice for financial services businesses. Former
Managing Director of IG, a market leader in spread betting, CFDs
& stockbroking, where Tim defined, communicated and implemented
the business strategy and delivered effective marketing campaigns
to grow market share. He also managed retail and institutional
sales functions, marketing, PR and events in the UK and Ireland to
acquire and retain actively trading clients.
Strategic Investor - CF Partners
A leading risk management, trading and investments firm
operating in institutional markets. It is an experienced investor
and operates a family of industry-recognised funds and an
award-winning trading and investments business
(www.cf-partners.com).
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