TigerWit, a cutting-edge mobile and online trading firm, announced the acquisition of UK based and FCA regulated broker Mercor Index, most known for its trading name TimeToTrade.
Simon Denham, an industry veteran and founder of Mercor Index, said: “This is an exciting moment for both TimeToTrade and TigerWit. In the past few years we have built a significant database of traders that use our platform with its fully integrated alerting, strategy builder and chart trading functions.”
Denham is a former COO/CEO of leading retail derivatives broker London Capital Group (LCG) plc, which was listed in 2006, later achieving a market cap of £150m. “With TigerWit’s expertise we will be able to pool our technical knowhow and industry knowledge to provide clients with the best tools and a safe trading environment”, Denham continued.
The purchase of Mercor Index, or TimeToTrade, marks TigerWit’s first acquisition of another complementary business and grants a highly significant entry into the UK market, given its FCA license.
Summer Xu, Founder of TigerWit Group, commented: “We are very excited about formally entering the UK market with the acquisition of Mercor Index and look forward to working with the team to grow their existing business and establish TigerWit as a leader in retail broking not only in the UK, but globally. The team’s wealth of experience in the online trading industry will assist us in expanding our operations and services, as well as most importantly, providing our clients with the option of trading under a FCA regulated provider.”
TimeToTrade offers retail investors the ability to invest directly in physical stocks and shares, as well as trading in global financial markets such as indices, FX and commodities via CFDs. The platform allows customers to simply create and automate their trading activity, being a favorite of technical traders. Additionally, TimeToTrade’s ‘Strategy Builder’ provides back-testing and forward-testing features in order to further develop trading strategies via a demo trading account before implementing them into the live markets. These strategies can be tested and executed without the requirement of programming any complex coding languages.
TigerWit has offices in Beijing, Shanghai and Nassau, and holds a licence from the Securities Commission of The Bahamas.