A brand new messaging service was launched in January hoping to create a typical in buying and selling communications the identical approach Slack has achieved for managing programming groups. Echofin is a platform for creating groups or communities the place customers can talk about buying and selling methods, market circumstances and the like.
With a bunch of third get together integrations, plugins and widgets, Echofin goals to convey on a regular basis merchants extra performance than professionals get from Symphony, Bloomberg Messaging or Thomson Reuters’ Eikon Messenger. These already embody a foreign exchange calendar from FXStreet, charts from TradingView, StockTwits, DataFlash by NewsImpact, Bloomberg TV and MT4 webtrader integration.
Past the free possibility open for everybody, Echofin additionally creates a brand new approach for monetary educators/gurus to monetize their work. The platform permits them to broadcast webinars in real-time with audio, video and even simply reside feeds of their desktop screens. The system affords built-in billing performance, and the educators set the worth level, trial, billing interval and might even create coupons. Echofin retains a 10% price from the educator’s income to pay for the service.
Finance Magnates has discovered that the service is already being labored on with a foreign exchange dealer that wishes to construct a ‘buying and selling academy’ utilizing the Echofin platform. The corporate has additionally drawn the eye of some different brokers and is discussing potential methods for cooperation excluding the same old IB/affiliation partnership. Lastly, it studies that it has already reached 10,000 subscribed customers.
George Lipordezis, CEO of Echofin LLC, commented: “Echofin goals to determine a vibrant monetary ecosystem the place merchants, educators, brokers and different market members come collectively to represent thriving communities.”