RE: Saw the MB trading release.......
Mac - Good question. First I'll help to frame Titan's position.
1. Why would an online broker with active traders be interested in offering Titan's research?
The lines of demarcation between institutional and individual traders are blurring. Instividuals was a term coined by Barclay's a few years ago as many people have taken up trading as a full time position even though they are not licensed brokers or advisors. But they want the same tools as the pros and will pay for them if it gives them an edge.
2. By offering institutional quality research to retail traders, won't that undercut Titan's focus on institutions?
Absolutely not. Retail users get access to fewer behavioral trading models on a much smaller symbol set, at a lower price point serving them a handful of good trade ideas a day as opposed to dozens.
3. How does this relationship or any other online broker relationship translate into revenue?
MB caters to both institutional and retail traders with approximately 50K active equities accounts (more than 10 trades per month). Customers can sign up directly with Titan to access TickAnalyst. Institutional users pay $500 per month per model type (intraday holding or interday holding also known as swing) and Retail users pay $100 per month for swing signals on only S&P500 stocks. Assuming an average price of $250 a month per user, converting 2% of the customer base would equate to about $1.5mm after 12 mos factoring in average monthly adoption which would double after 24 months under a subscription pricing model to $3mm.
I hope that helps answer the question. If you want to contact us directly please email info@titantrading.com.
Regards
TTA