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Moomoo empowers investors and improves market access with the latest Nasdaq partnership

Samantha Chiew
Samantha Chiew • 4 min read
Moomoo empowers investors and improves market access with the latest Nasdaq partnership
Moomoo Singapore partners Nasdaq to better empower investors
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Moomoo, a subsidiary of Nasdaq-listed Futu Holdings and one of the world’s leading investment and trading platforms, announced on April 19 that it has signed a global strategic partnership agreement with financial powerhouse Nasdaq to reaffirm their joint commitment to investor empowerment and improving market access.

The signing ceremony also marked six years of close collaboration and was witnessed by executives from Moomoo and Nasdaq. It reinforced the symbiotic relationship between brokers and exchanges as they work together to benefit investors.

“We hold Nasdaq’s dedication to creating equitable opportunities in high regard, as it mirrors our commitment to fostering financial inclusivity and helping retail investors from diverse backgrounds realise their full potential. Real-time, accurate, and in-depth market data are important to encourage investors to participate actively in various financial market transactions,” says Robin Xu, senior vice president of Futu Holdings.

“For many years, we have been promoting close cooperation with major exchanges and data providers globally, including Nasdaq, to provide investors with the best data experience and to seize every investment opportunity,” he adds. 

As an international market data solutions provider, Nasdaq focuses on furnishing investors with sophisticated tools to enhance their investment strategies. A prime example of its offerings is Nasdaq TotalView, a data product that includes full order book depth, including every single quote and order at every price level in Nasdaq-, NYSE-, NYSE American- and regional-listed securities trading on Nasdaq, the single largest US equity exchange by market share. Nasdaq TotalView will be available on the Moomoo platform starting in May.

“When market uncertainty is high, a robust dataset gives investors an informational edge, such as insights into retail trading activity and commodities flows,” says Brandon Tepper, senior vice president and global head of data at Nasdaq.

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“Nasdaq’s data business has been around for 50 years, and we use data to answer investors’ questions. We are here to educate investors, guiding them to invest smartly and easily with information and data. This aligns perfectly with Moomoo’s mission to make investing easier and more inclusive,” he says.

Tepper adds that Nasdaq has consistently received feedback from global investors regarding the importance of transparency and their desire to access US markets. Consequently, Nasdaq and Moomoo will further develop their partnership to assist retail investors by providing educational content to facilitate more informed investment decisions.

Looking ahead, investors can expect this partnership between Moomoo and Nasdaq to bring about more innovative educational initiatives in the future and more opportunities that help empower investors.

See also: Home ground advantage: meeting investors’ evolving needs

“As we celebrate the six-year partnership between Moomoo and Nasdaq, we are confronted with the question of how we can make markets more accessible to retail investors,” says Oliver Albers, executive vice president for investment intelligence at Nasdaq. “Our answer is transparency. We democratise data and provide greater access so everyone can confidently navigate the financial system.”

Naturally, this tighter link between Moomoo and Nasdaq is a plus for investors in Singapore, where investing in US markets is increasingly common. Moomoo Singapore, the next-generation digital brokerage, is dedicated to democratising access to investment products once exclusive to a limited audience. By harnessing technology, the company aims to equip the average individual with the tools and insights needed to achieve financial independence.

Moreover, Moomoo Singapore emphasises that financial education is key for new or seasoned investors to develop critical skills to make rational and informed decisions about their financial futures. Hence, the Moomoo platform has been populated with essential resources to help investors make better-informed decisions in their investment journey, such as its online learning portal Moo Learn and Moomoo community.

To mark the new tie-up between Moomoo and Nasdaq, Moomoo is offering eligible investors an exclusive three-month free trial of Nasdaq TotalView on its platform. By providing users with an insight advantage, Moomoo and Nasdaq aim to enhance the trading experience for retail investors. 

As a clear indicator of how Moomoo here has struck some right chords, it had more than one million users as of April 16. “We saw a demand from investors in Singapore for smarter and more customised investment and wealth management solutions, and this paradigm shift has presented us with the opportunities to serve their needs,” says Gavin Chia, CEO of Moomoo Singapore.

“Since we entered Singapore at the height of the Covid-19 outbreak, we have grown by leaps and bounds. But we are not resting on our laurels. We are now ready to embark on our next phase of growth.” 

 

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