RE:RE:RE:RE:Robinhood has 18 million accountsAre you trying to differentiate between MarketWall and InvestoPro?
I would say that there are already millions of clients and that there are many millions more that will be moved over. However... one would need to be clear about some definitions.
This is my understanding...
(Caveat - I don't know anything for sure)
MarketWall - As the overarching company, I am not sure if the number of users is relevent anymore. The operational arm has been transformed into InvestoPro. It makes money through the white-labelling of Gemina and offering it to banks/brokers (this is basically what ALY will be doing going forward in NA (Good to note that MW was profitable shortly after launch). MW is also a content provider for InvestoPro (it is actually unlcear if the content aspect comes from MW or InvestoPro - also not sure it really matters)
InvestoPro - the
for everyone part dimension of the trading app. This is the public facing part of the company that has users. MarketWall (and under it, InvestoPro) will need to build its own trading base. Money here comes from subscriptions to the content and the trading. Although the trades are hosted by ISP, these are not necessarily ISP clients. I am not sure if there has been public reporting as to how many users there are on InvestoPro (outside ISP).
Investo - The ISP trading app. My understanding is that this is basically the white-label Gemina trading platform that has been adapted to ISP. It already has many users and has many more that will be moved over. This is the millions of users that has been discussed. I am guessing that ISP pays MW for access in the same way that any other bank/broker would (although a little self serving as it also owns part of MW). MW also probably gets paid when the ISP clients sign up for the additional content.
uppermost10 wrote: Marketwall doen't have 2 million customers yet. (Two million viewers maybe).
They will need to grow organically until they reach the target of 2 million customers. That may take awhile....... a few months.