December 3, 2024 – ExtractAlpha, a leading provider of alternative data and analytics solutions, is pleased to announce a strategic initiative with Interactive Brokers, a premier global brokerage firm. This collaboration integrates Estimize’s crowdsourced earnings and revenue estimates into Interactive Brokers’ trading platforms, offering clients enhanced analytical tools for informed investment decisions.
Estimize, acquired by ExtractAlpha in 2021, aggregates forward-looking financial estimates from a diverse community of over 120,000 contributors, including independent, buy-side, and sell-side analysts, as well as private investors and academics. This approach provides a more accurate and timely consensus compared to traditional sell-side data sets, which often suffer from biases.
Interactive Brokers’ clients will now have access to Estimize’s comprehensive dataset, encompassing earnings per share (EPS), revenue estimates, and key performance indicators (KPIs) for over 2,000 stocks and 85 economic indicators each quarter. This integration aims to empower traders and investors with unique, predictive analytics at the point of decision-making.
As part of its broader initiative to expand Estimize’s accessibility, ExtractAlpha has also launched a program to make this data available to other brokerage and fintech websites, extending the reach of these valuable insights across the investment community. Companies interested in integrating Estimize into their own platforms can leverage ExtractAlpha’s expertise and resources to enhance their offerings, improve engagement, and provide cutting-edge analytics to their clients.
“We are excited to collaborate with Interactive Brokers to bring Estimize’s valuable data to a broader audience,” said Vinesh Jha, CEO of ExtractAlpha. “This collaboration aligns with our mission to provide actionable insights that enhance investment strategies and outcomes. With our program to extend Estimize’s reach, we are further empowering the investment community with tools that drive smarter decision-making.”
Interactive Brokers’ clients can access Estimize data through Trader Workstation (TWS) Mosaic, enabling a seamless integration into their existing workflows. Additionally, educational content and trading lessons related to Estimize that support users in maximizing the benefits of this data are available on IBKR Campus, an extensive and free educational resource available for IBKR clients and the general public.
This collaboration underscores ExtractAlpha’s commitment to delivering innovative data solutions that meet the evolving needs of the investment community.
Contact us with any questions about our program to bring crowd-sourced market insights to financial websites.