Spiking (mobile app)
 | |
| Developer(s) | Aly Pte. Ltd. |
|---|---|
| Initial release | 1 April 2016 |
| Development status | Active |
| Operating system | iOS |
| Type | Social trading |
| License | Free |
| Website |
spiking |
Spiking is a mobile social trading platform which provides financial information about the Singaporean stock market. By processing the latest disclosures published on the Singapore Exchange (SGX), the mobile app allows investors to track stocks for moves made by company directors and substantial shareholders. It also provides other relevant information, like the main shareholders of companies or the portfolios of sophisticated investors.
Features
Spiking tracks over 8,000 sophisticated investors and send users real-time notifications whenever they transact and made public their filings.[1][2] The platform consolidates the latest disclosures published on the Singapore Exchange (SGX) and sends them to mobile devices almost instantaneously. All information by public companies and bona fide investors are verified using machine-reading algorithms to scan stock exchange filings. The scan is done every minute, and the information is posted almost instantly on the app.[3][4]
Spiking users can see who the top 20 shareholders of a company are, the price and quantity of their latest transactions, and the other stocks these investors have in their portfolios. The mobile app also allows users to 'follow' their favourite counters or celebrity investors, and keep tabs on their movements. The users can form private chat groups.[1]
The app provides sophisticated investors (those who invest in more than 5 percent of a public-listed company) with resources to conduct due diligence, influence board decisions and access to more intimate knowledge than most other investors.[5]
History
Clemen Chiang (the CEO and founder of Aly Pte. Ltd.) mentioned that he developed the idea of this mobile app from his personal observations as a private investor of 15 years. Many times the decision making process had to rely too much on speculations and rumors. In order to make better sense of unexplained spikes in market activity, he thought of a platform to consolidate big data and relevant information and he spent 20 months and $250,000 developing the app.[6]
An early investor was Quest Ventures, China's leading venture fund for technology companies that have scalability and replicability in large internet communities. Spiking was also supported by a grant from the National Research Foundation, Prime Minister's Office, Singapore, under its i.JAM Reload Programme. It was elected to participate in the Startupbootcamp FinTech Pitch Day 2015 in Hong Kong, and Startupbootcamp Selection Days 2015, in Singapore. It was also one of the finalists of the Benzinga Fintech Awards 2015 in New York, for Research Platforms & Tools - Best in Class.[5]
On 1 April 2016, Spiking was released for free download on the iOS App Store and the Android version will be launched in May 2016. Future premium services will provide additional capabilities like data analytics and a trading platform. The company also intends to expand through seed funding into regional markets with high smart phone penetration, like Hong Kong and Australia.[5]
References
- 1 2 Marianne Estioco (22 April 2016). "From zero to hero: This app lets you stalk top investors and trade like a pro with a single click". Singapore Business Review. Retrieved 3 May 2016.
- ↑ "“Spiking” 手机应用软件免费提供追踪股票信息". Lianhe Zaobao. 2 April 2016. Retrieved 3 May 2016.
- ↑ Jacquelyn Cheok (2 April 2016). "Wanna track big boy’s stock trades? Spiking levels the playing field for you". The Business Times. Retrieved 3 May 2016.
- ↑ "95.8FM 早点正能量". Capital 95.8FM. 9 April 2016. Retrieved 3 May 2016.
- 1 2 3 Nurdianah Md Nur (1 April 2016). "Spiking mobile app tracks stock transactions of Singapore’s elite investors". Computerworld Singapore. Retrieved 3 May 2016. Also on CIO Asia
- ↑ Marissa Lee (2 April 2016). "New app to track big players' share trades". The Straits Times. Retrieved 3 May 2016.