Accern launches trading analytics platform

New York-based company Accern has announced the beta version launch of its analytics platform which scores over 20 million websites for market data.

Accern, which was founded in 2013, serves primarily hedge fund traders providing them with relevant news stories about the positions they are looking to invest.

The company helps traders get a look at the latest news about US public markets before they get exposed to the mass media, providing them with a competitive advantage.

Kumesh Aroomoogan, co-founder and CEO of Accern, explains “The Internet contains too many irrelevant stories. […] It is very difficult to tell which stories are reliable nowadays – wasting enormous amounts of time reading hundreds of low-priority stories.

“Accern is currently solving all of these problems for our users. We are trying to be the first to find unique stories that appear on the web, validate whether the stories are actually true and meaningful for our users, and let them know about them right away.”

Accern raised an undisclosed amount of angel funding at the start of 2016 and launched an alpha version of its platform in March.

Since then, the company has registered new user sign-up rates of around 30 per cent per week.

Copyright © 2016 FINTECH GLOBAL

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