eToro’s Social Trading Index™ wins over 60 competing financial technology companies
New York, September 14, 2012 – eToro, the world’s largest investment network, announced today that it was awarded Best of Show at FinovateFall for its Social Trading Index that enables traders to create their own indices and make them available to the entire eToro investment network.
Produced by Online Financial Innovations, FinovateFall is a two-day showcase of the best new innovations in financial and banking technology. Based on live demonstrations, attendees voted for their favorite products from 60 competing companies, where eToro was one of the leading vote getters.
The Social Trading Index is an evolution of eToro’s CopyTrader™ technology, which enables users to copy the trading activity of any user in the network in order to create a diversified people-based portfolio. As a result of offering the ability to aggregate several users into a single social trading index, users are able to benefit from an even more diversified and controlled investment portfolio. Through eToro’s CopyTrader and Social Index top traders have now been transformed into a new asset class, with the ability to leverage their expertise throughout the social network while providing more flexibility, and options for retail investing.
“We are very pleased to win this prestigious industry award as recognition for our pioneering social trading,” said eToro CEO, Johnathan Assia. “We are committed to creating technology which accelerates knowledge sharing, while providing opportunities to invest in proven expertise, to make retail investing a more enjoyable and rewarding experience.”