Moomoo Launches Moomoo NX Desktop Version

Rhea-AI Summary

Moomoo, the investment and trading platform, has launched its redesigned moomoo NX desktop version to better serve U.S. retail investors. The new platform offers customizable multi-monitor layouts, advanced features, powerful charting and analytical tools, and seamless symbol syncing across tabs. It also provides built-in market insights and educational resources to empower informed decision-making.

Since its U.S. launch in 2018, moomoo has been offering a user-friendly trading platform with access to Level 2 data and zero-commission trading for stocks, ETFs, and equity options. The platform aims to bridge the gap between institutional and retail investors, catering to both novice and seasoned traders. Moomoo plans to relaunch its web version later in 2024.

Positive

• Launch of redesigned moomoo NX desktop version with advanced features
• Customizable multi-monitor layouts and powerful analytical tools
• Zero-commission trading for stocks, ETFs, and equity options
• Access to Level 2 data for brokerage customers
• Planned relaunch of web version in 2024

Negative

• None.

Insights

Tech Expert

The launch of moomoo's redesigned desktop platform, moomoo NX, represents a significant upgrade in the retail trading space. Key improvements include:

• Customizable multi-monitor layouts
• Advanced charting and analytical tools
• Seamless symbol syncing across tabs
• Streamlined order placement

These features aim to bridge the gap between institutional and retail investors, potentially leveling the playing field. The platform's emphasis on educational resources and market insights could help improve retail investor sophistication. However, the impact on FUTU's financials may be in the short term, as user adoption and revenue generation from these new features will take time to materialize. The planned web version relaunch later in 2024 suggests an ongoing commitment to platform improvement, which could help retain and attract users in the competitive fintech landscape.

Financial Analyst

While the launch of moomoo NX is a positive development for FUTU, its immediate financial impact may be modest. The company's focus on providing professional-grade tools without premium pricing could pressure margins in the short term. However, this strategy may lead to increased user acquisition and retention, potentially driving long-term revenue growth through higher trading volumes and user engagement.

FUTU's market cap of $9.11 billion suggests investors have priced in significant growth expectations. The success of moomoo NX in attracting and retaining users will be important for meeting these expectations. Key metrics to watch in upcoming earnings reports include:

• User growth rates
• Average revenue per user (ARPU)
• Trading volumes
• Customer acquisition costs

The zero-commission model for stocks, ETFs and equity options aligns with industry trends but may limit revenue diversification. FUTU's ability to monetize additional services and features will be critical for long-term profitability.

JERSEY CITY, N.J., Sept. 24, 2024 /PRNewswire/ -- The investment and trading platform moomoo has recently launched its redeisgned desktop to better serve U.S. retail investors and help unlock their trading potential.

The newly developed, client-driven platform offers customizable multi-monitor layouts with advanced features tailored for investors, including powerful charting and analytical tools. It also enables seamless symbol syncing across tabs and streamlined order placement. With built-in market insights and educational resources, the platform empowers investors to make informed decisions. Moomoo will relaunch its web version later in 2024.

Since its U.S. launch in 2018, moomoo has been bridging the gap between institutional and retail investors by offering a reliable, user-friendly trading platform designed for investors of all experience levels. With access to Level 2 data for its brokerage customers and zero-commission trading for stocks, ETFs, and equity options, moomoo helps empower both novice and seasoned investors to navigate the markets with greater confidence.

"We believe our next-gen workspace is built for the future of trading, offering pro-level tools without the pro-level pricing. At moomoo, we've always leveraged technological innovation to continuously evolve our platforms across various formats, ensuring we meet the unique needs of our customers," said Neil McDonald, CEO, Moomoo US.

Nowadays, users can download the moomoo NX desktop version here to experience the new platform and unlock their full trading potential. 

About moomoo

Moomoo is an investment and trading platform that empowers global investors with pro-grade, easy-to-use tools, data, and insights. It provides users with the necessary information and technology to make more informed investment decisions. Investors have access to advanced charting tools, technical analytics, and in-depth data. Moomoo grows with its users, cultivating a community where investors share, learn, and grow together in one place. Moomoo provides free access to investment courses, educational materials, and interactive events that any investor, at any level, can gain from. Users can join forum discussions, trending topics, and seminars to better their investment knowledge and insights.

The moomoo app is offered by Moomoo Technologies Inc. ("MTI") a company that is based in Jersey City, New Jersey. The app is used globally in countries including the U.S., Singapore, Australia, Japan, Malaysia and Canada. MTI is not a broker-dealer and does not provide investment advice or recommendations. In the U.S., securities products and services are offered by Moomoo Financial Inc. ("MFI"), an SEC-registered broker-dealer and member FINRA/SIPC. MTI and MFI are indirect, wholly-owned subsidiaries of Futu Holdings Limited (Nasdaq: FUTU).

For more information, please visit moomoo's official website at www.moomoo.com/us or feel free to email: pr@us.moomoo.com.

*Investing is risky.  *Level 2 data is free for Moomoo Financial Inc. accounts with a minimum 30-day average account value of $100+. Other conditions apply, to learn more, visit moomoo.com/us/support/topic3_435.

*U.S. residents trading in U.S. securities may trade commission-free using the moomoo app through Moomoo Financial Inc. Other fees may apply. For more info, visit moomoo.com/us/pricing.

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SOURCE moomoo

FAQ

What new features does the moomoo NX desktop version offer?

The moomoo NX desktop version offers customizable multi-monitor layouts, advanced charting and analytical tools, seamless symbol syncing across tabs, streamlined order placement, and built-in market insights and educational resources.

Does moomoo (FUTU) offer commission-free trading?

Yes, moomoo offers zero-commission trading for stocks, ETFs, and equity options to U.S. residents trading in U.S. securities through Moomoo Financial Inc.

When did moomoo launch in the United States?

Moomoo launched in the United States in 2018.

What is the minimum account value required for free Level 2 data on moomoo (FUTU)?

Free Level 2 data is available for Moomoo Financial Inc. accounts with a minimum 30-day average account value of $100 or more.