We are extremely pleased with this milestone," said Joseph J. Fox, CEO of SoVesTech. "The fact that our technology is able to have this kind of impact on everyday investors is very gratifying.
Chicago, Illinois (PRWEB) July 02, 2015
SoVesTech announced today that its proprietary technology has successfully processed more than $2 billion in transactions where a customer attached to the actual trade of a more experienced investor.
By Ditto'ing a trade, a customer achieves the same trade, at the same time, at the same price as the person or service they are following. Once a trade is made, a customer can instantly detach and take control with a click of a button on a mobile app.
"We are extremely pleased with this milestone," said Joseph J. Fox, CEO of SoVesTech. "The fact that our technology is able to have this kind of impact on everyday investors is very gratifying."
In October 2010, SoVesTech, through its wholly owned brokerage firm subsidiary Ditto Trade, launched proprietary technology that for the first time gave a customer the ability to take part in the actual trade of another; while maintaining complete control and transparency.
These Lead Traders are friends, family members, professional traders, Investment Advisors, money managers, alert/trading services and newsletters.
In June 2012, SoVesTech launched the Actionable Trade Alerts. When someone you are connected to makes a trade, you get an instant notification, a streaming real-time quote and the ability to make the same trade instantly with the push of a button.
"We are delighted with the recent announcements by industry giants Charles Schwab and Fidelity Investments that they are adding a robo-advising component to their product offering. As pioneers in the development of robo-advising technology, we are thrilled that our segment of the industry is finally going mainstream," concluded Fox.
SoVesTech is an innovative financial technology company whose proprietary platforms uniquely enable users to leverage the experience and abilities of others in real time. SoVesTech’s technology scales across a wide range of investors, as well as partners looking for growth in client assets, trades and revenue. SoVesTech is the parent company of Ditto Trade, Inc., a next generation robo-investing firm and the only online broker to allow individuals to participate in the actual trades of others. Since the Company’s launch in 2010, customers have Ditto’ed more than $2 billion worth of trades of friends, family members, professional traders, Investment Advisors, alert/trading services and newsletters. Ditto Trade is a member of FINRA and SIPC and is a licensed broker-dealer in all 50 states.