RealTime IT News

HotCopper Launches New Service as Bourse Moves to Acquire It

Financial markets service provider Bourse Data has announced it will move to compulsorily acquire the remaining shares in Australian online investment forum HotCopper Australia.

Bourse Data said it currently owns 94.80 per cent of the company, after offering one for every six HotCopper shares in a move to take over the trading forum site three weeks after its debut on the Australian Stock Exchange (ASX) in January.

Meanwhile, HotCopper has launched NetInvestor, an information resource service for investment planning, providing latest news from the ASX and financial newswires, ASX company announcements and current share prices.

The service also offers news from international stock markets, currency exchange rates, and lending rates from Australian banks and financial institutions.

For investors, HotCopper has introduced a portfolio management tool enabling users to assess the value of their portfolio and track gains and losses. Charts and reports are also available to help investors conduct the necessary research before making the decision to invest.

NetInvestor will be incorporated into HotCopper's existing site, an online forum where Australian investors are able to exchange news, views and advice about investment options, and access an online bookshop offering financial books, software and newsletters.

The site has 42,000 registered members and attracts between four and six million page impression per month, according to the company.