Modern Trader provides cutting-edge actionable market research while holding analysts accountable. And, when we publish specific recommendations, we also will let you know how we did.
In our December 2016 issue, we told the story of how fintech firm Estimize has attempted to replicate a successful market model, where hedge funds got sell-side analysts to rank stocks within a sector to produce more accurate forecasts. The model worked but ran into regulatory resistance and in a settlement with the New York Attorney General’s office, several funds agreed to suspend the program. Several of those funds approached Estimize to duplicate the ranking models through hits crowdsourcing platform. Forcerank was born.
Forecerank continued to see strong interest from the sell-side community in their rankings and the users participating have grown to 6,000, with 100 weekly active users. It runs about 20 games each week.