What a Q3....

What a Q3....

It has been a great quarter of fun for Tradier Clients and us. Together with our clients, We have broken previous records. I personally wanted to thanks all our 240 plus Platforms CEOs and their users for trusting us. I also want to thank our clearing partners Apex Clearing for their support. They hustle alongside us every day.

1) Partners: 40 plus new firms have become Platform Providers on Tradier in Q3 2020. These include Backtesting, Technical Analysis, Research, Social, Mobile, community trading, and digital advice platforms. There is a tremendous increase in specialized robo advisors who are focusing on Socially Responsible Investing, International, Derivatives, and building innovative workflows that address gaps in the old wave low-cost Robo advice platforms.

2) Accounts: Our Partners onboarded 3X more actively funded trading accounts on Tradier than any earlier quarter.

3) Quality: Accounts onboarded have an average size of $66,000. Tradier powered platforms are becoming the fastest growing alternative to the legacy Active Trading tools from TD ThinkorSwim, ETrade, and IB. These customers look for advanced trading functionality like scripting, automation, Strategy based P&L, and advanced technical analysis. We have been tracking the strategies employed by the traders on these platforms. Most popular strategies include BullCall, BullPutSpread, BearPut, BearCallSpread, BearCall, BullCallSpread, BullPut, IronCondor, CalendarSpread and BearPutSpreads

4) Volume: Traders using client platforms have executed 50% more trades, contracts, and Shares in Q3 than any other earlier quarter.

Thanks again all. We have some big product releases coming up soon!.



Rajesh Damarapati, CFA

Building AI-powered Automation and Decision Platforms for Finance and Operations teams | Builder | Operator | Investor | Ex-McKinsey, Goldman, Bloomberg

4 年

Congratulations, Dan! Great going

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