Tradable Adds CorrSight and Knowsis to provide apps for

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Danish start-up tradable continues developing: they now announced that they are adding CorrSight and Knowsis to their AppStore. CorrSight is the creator of Traders’ Compass and Knowsis specializes in social analytics for the financial community.

Tradable recently started a cooperation with Dow Jones on an FX News application. For more about these new providers and the future plans, here is the official press release:

The company behind a platform that is revolutionising the world of trading has added to its expanding AppStore.

tradable, the award-winning open trading platform, has signed up trading insight and analytic specialists CorrSight and Knowsis to provide apps for its AppStore.

Both CorrSight and Knowsis were nominated for most innovative financial product at the ForexMagnates Summit in November 2012.

CorrSight, a leading provider of real-time analytics-based trader education and guiding platforms based in Tel Aviv, will offer its Traders’-Compass service as an app through tradable.

The app acts as a personal assistant to traders, monitoring and analysing their activity in real-time and providing immediate education and guiding alerts. It has been designed to help traders avoid common trading pitfalls and improve trading skills. The system creates a highly personalized communication channel with the trader, giving him real-time feedback and trading insight and helping him become more knowledgeable and market-aware.

Knowsis, the specialist provider of social analytics to the financial community, is launching the world’s first Forex-focused real time Social Sentiment Indicator which will cover the most globally traded currency pairs.

The app, which will be available in English, Japanese and Chinese Mandarin, will allow traders to make sense of social sentiment, identify trends and undercover new trading opportunities where there is a divergence between sentiment and price. It will also enable traders to make more informed trading decisions and improve risk management by giving them a unique insight into the psychology of the market.

Hudi Zack, founder and CEO of CorrSight, said: “We believe that providing traders with real-time personalized feedback on their activity provides a huge positive impact on their trading experience and market understanding.

“CorrSight’s Traders’-Compass is the most advanced real-time education and guiding service in the market, and we are thrilled to introduce it to tradable’s customer base.”

Oli Freeling-Wilkinson, CEO of Knowsis, said: “When we first came across tradable at the ForexMagnates Summit in London back in November, it was clear that we needed to integrate our innovative ‘next generation’ social data into their platform.

“The whole AppStore concept has made it very straightforward for us to showcase a small part of our technology to the world and we look forward to bringing more innovative products to the platform in the future.”

Jannick Malling, CEO and co-founder of tradable, said: “As an open development platform, tradable will always offer the leading industry trends and allows service providers to very easily integrate their products and services at the core of the platform. We believe that CorrSight’s service will yield great benefits to traders, and therefore this is an excellent addition to our app store portfolio.”

“From day one we really liked what Knowsis was doing. Using social media to benefit from the power of the crowds was a huge trend in the Internet industry in 2012, but one that hasn’t really been applied for trading in a meaningful way yet – Knowsis is obviously changing this”

Additional apps on the tradable platform include automated trading tools, algorithmic trading strategies, social apps and charting tools. Among the first companies to have developed apps for the platform are several major tech organisations, smaller financial technology firms and fin-tech start-ups. Further app development is ongoing.

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About Author

Yohay Elam – Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned the significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.