CMC Invest, the Australian arm of CMC Markets, has partnered with Israel-based market research aggregator TipRanks to enhance its investment platform. This partnership, which began Thursday, will offer retail traders access to sophisticated stock research tools. The integration of TipRanks aims to empower users to make data-driven investment decisions by providing comprehensive insights into stock performance and the analysis of professional analysts.

Kurt Mayell, Head of Distribution at CMC Invest, emphasized the platform’s long-standing commitment to delivering institutional-grade resources to its users. “This powerful partnership allows our investors to use this best-in-class interactive platform to make more informed choices,” Mayell said. “We are focused on supporting our clients with the tools they need to succeed in today’s dynamic market.”

The TipRanks integration allows CMC Invest users in Australia to access detailed stock research reports, analyst rankings, and actionable insights previously primarily available to institutional investors. While the feature is currently exclusive to Australian clients, there are plans to expand the service to CMC Invest’s users in Singapore soon.

CMC Invest, which became the second-largest share market trading platform in Australia with over 1 million clients, has been making waves in the market. This growth was partly propelled by its 2021 acquisition of the ANZ Group’s investment client base, further solidifying its position as a leading player in Australia’s retail trading scene.

CMC Invest Integrates TipRanks for Australian Traders

In addition to its Australian operations, CMC Markets, the parent company of CMC Invest, offers Contracts for Difference (CFD) instruments to Australian traders and partners with institutions through CMC Connect. The company also has a growing presence in the United Kingdom and Singapore.

The addition of TipRanks is a significant move for CMC Invest as it continues to expand its services and solidify its foothold in the region. This partnership aligns with CMC’s strategy to provide its clients with innovative trading solutions and research capabilities.

Established in 2012, TipRanks has carved out a niche for itself in the retail trading space by using cutting-edge natural language processing technology to evaluate the performance of professional analysts. Its platform has become an invaluable tool for individual traders, providing access to data and analysis previously reserved for large institutions.

TipRanks CEO Uri Gruenbaum commented on the collaboration, stating, “We believe technology has an important role to play in improving outcomes for every investor, giving individuals access to tools and insights that were once only available to large-scale institutions.”

TipRanks has continued to grow in influence and capabilities, especially following its acquisition by Prytek in a deal valued at approximately $200 million last August. The company’s innovative approach to market research is helping to level the playing field for retail traders, making it an ideal partner for CMC Invest as it continues to enhance its offerings in the Australian market and beyond.

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