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Share Name Share Symbol Market Type Share ISIN Share Description
IG Group LSE:IGG London Ordinary Share GB00B06QFB75 ORD 0.005P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.80p +0.15% 519.80p 519.40p 520.20p 522.20p 513.60p 522.20p 744,992 16:29:55
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Software & Computer Services 590.2 280.8 61.7 8.4 1,917.25

Innovative online investment platform unveils new developments and offers users chance to buy stake in the business

12/07/2016 11:59am

ADVFN NewsWire




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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