Grow your customer base with the most targeted advertising possible!
Metacortex advertises to investors that already subscribe to investment newsletters, but don't have the time or desire to be placing trades in their brokerage accounts all day long. Metacortex clients are a broker's dream come true:
- since Metacortex places all their trades on their behalf, they're unlikely to require much hand holding from the broker
- depending on the newsletters they subscribe to, they could be very active investors
- since they're already subscribing to investment newsletters, they probably have an existing portfolio or cash ready to invest
If you are a broker that has the necessary infrastructure and would like Metacortex to use your services, Just send an email to suggestabroker@metacortexservices.com to let us know!
What does Metacortex need from from its brokers?
- Low Fees
Metacortex strives to provide its subscribers with the cheapest way to have their portfolio managed for them. Since newsletters often require placing several orders per day (or even per hour), brokers must have low commission fees. Metacortex bills its customers a monthly subscription fee; per-order commission fees that brokers charge are not marked up in any way by Metacortex and are passed on directly to Metacortex's clients. - Efficient API
Metacortex places electronically all orders on behalf of its subscribers. There can be several hundred orders that need to be placed simultaneously. Therefore it is critical that brokers offer an efficient Application Programming Interface for Metacortex' system to use when placing orders. Metacortex' preferred programming language is c#, though any socket-based API will probably suffice. - Registered Investment Adviser Accounts
Even though Metacortex doesn't recommend investments to its subscribers, it requires limited power of attorney over its customers accounts that are open with a broker. Metacortex is not a hedge fund; each Metacortex client opens their own segregated account with a broker. - Real-Time Market Data
Metacortex needs access to real-time market data for equities and equity options. This data must be accessible through the API.
Why would Metacortex want to deal with multiple brokers?
Metacortex serves a vast range of customers. Some customers have small portfolio, some have large portfolios. Some subscribe to very active newsletters, some to newsletters that only place a few trades a month. Some invest only in stocks, others only in options. If you think you are a broker that is competitive in a specific market, you may be exactly what Metacortex is looking for! As long as you meet the requirements listed above (and even if you don't, we might be able to work around some limitations), contact us at suggestabroker@metacortexservices.com to start the discussion!