- Tel Aviv Exchange to license and carry CapitalCube content
- Provides first of a kind comprehensive research coverage and predictive analytics for 600 listed stocks in Israel which include small caps and micro caps
- Partnership enables Tel Aviv Exchange to provide value-added analysis on all listed stocks for the benefit of its retail and institutional clients to facilitate liquidity and trading volumes, in particular for undercovered stocks
Big data analytics company AnalytixInsight Inc. (the “Company” or “AnalytixInsight”) (TSXV: ALY) is pleased to announce the signing of a strategic partnership with the Tel Aviv Stock Exchange (“TASE”). Under the terms of the partnership, the Company’s CapitalCube portal will shortly deliver to TASE’s website value added financial analysis and content – including key ratios and charts – on all listed companies on the TASE. TASE will also market and sell CapitalCube’s Pro subscription licenses to various brokers, financial institutions and listed corporations in Israel.
- Currently investors and the general public can access financial data on only about 400 of the 600 listed companies in Israel. Moreover, research and additional analysis is currently limited to an even smaller set of companies that are currently listed in Israel.
- With this partnership, CapitalCube will provide TASE’s website value-added financial analysis on approximately 600 companies including analysis and information on a subset of listed companies that have limited availability of even basic financial data, particularly for the small cap and micro cap stocks listed on the exchange.
- The partnership will provide TASE with access the unique algorithmically generated content, predictive analytics and value-added research from CapitalCube to benefit the millions of unique visitors to TASE’s website.
- Further, through TASE, Israeli finance professionals and institutional clients will be able to purchase CapitalCube’s Pro product, with rich benchmarking and deep custom research capabilities, tailored per TASE’s specifications to meet the needs of the Israeli market. CapitalCube Pro transforms data from corporate filings, market prices and other sources into on-demand fundamental research on valuation, earnings quality, dividend quality as well as unique screening and portfolio analysis. TASE will conduct a broad range of marketing activities to provide CapitalCube Pro to its listed companies, brokerages and institutional clients.
“This is a very exciting partnership for us. AnalytixInsight provides exchanges and their investor communities with a solution to a pressing and growing need – the ability to quickly and accurately generate meaningful financial information and provide fundamental research on all listed stocks globally. This information will help with investor education and provide for better liquidity and higher trading volumes among TASE’s listed companies, particularly for those stocks that do not have a comprehensive research coverage by brokerage firms. Our collaboration with TASE will open up meaningful data, content and analysis on almost all of the listed stocks in Israel and will benefit both retail investors and finance professionals” said Chaith Kondragunta, CEO of AnalytixInsight.
“This licensing partnership with TASE is a reflection of the growth we are seeing in our B2B business and adoption with institutional clients. With the addition of TASE as a partner, our unique analytics platform provides customized content across a broad spectrum of clients - leading finance media portals, stock exchanges and hedge funds. We expect CapitalCube’s suite of product offerings tailored to over 50,000 global equities to continue to grow through partnerships with other stock exchanges across the world. This is in addition to our existing partnerships with LSE, Samsung, Mia and Netrange with Marketwall, as well as Dow Jones and AOL with CapitalCube. We are well poised to take advantage of the growing need among various institutions for serving custom content created from deep analytics.” said Prakash Hariharan, Chairman of AnalytixInsight.
Eldad Hershtig, Senior VP, CIO and Head of Operations at the Tel Aviv Stock Exchange said: "The strategic cooperation agreement with AnalytixInsight is an additional step within a series of actions taken by the Tel Aviv Stock Exchange to enhance the exposure of listed companies and to help encourage trading. Once this cooperation agreement takes effect, investors - both private and institutional - will be able to benefit from the availability of high-quality and extensive professional information pertaining to the listed companies".