MERITZ Securities announced on the 7th that it will partner with the U.S. social investment platform Stocktwits to build a global financial artificial intelligence (AI) platform.
Stocktwits is the world's largest social investment platform, where over 10 million global investors share stock opinions in real time, and about 200,000 community posts are published daily.
Its advantage is providing key information intuitively through market data and trend analysis based on user participation using AI.
Stocktwits has gained significant popularity among U.S. millennial and Generation Z investors and is gradually expanding its influence not only in the U.S. but also in the European and Asian markets.
Under this business agreement, MERITZ Securities plans to integrate Stocktwits' community and AI-based trend analysis information into its next-generation stock investment platform currently under development.
Clients of MERITZ Securities will be able to interact in real time with global users of Stocktwits through the upcoming next-generation retail platform. MERITZ Securities anticipates that clients will be able to share real-time opinions on stocks like Tesla and NVIDIA through AI translation with local investors in the U.S.
Lee Jang-wook, head of the InnoBiz Center at MERITZ Securities, noted, "We will support Korean individual investors in accessing the U.S. stock market more conveniently and effectively" and added, "We will actively utilize the strengths of both companies to create an innovative trading environment based on AI, which integrates advanced global technology."