Chaikin Stock Research Increases Local Footprint Three-Fold in Seven Months
PHILADELPHIA, May 16, 2011 — Chaikin Stock Research, creator of the popular Chaikin Power Tools free iPhone® application, has expanded its office space at the Foremost office building by 300%. The move accommodates a growing staff dedicated to developing a suite of professional investment decision-making tools for self-directed investors. The company launched its first product, an iPhone application, in mid-March and immediately rose to #1 position in iTune's App Store for "New and Noteworthy" Finance Apps. The application has been recommended by Barron's, featured in The Philadelphia Inquirer, covered by more than two dozen media outlets around the world and remains in the top five percent of apps downloaded in the "Finance" category at the App Store.
Later this month, the firm is slated to launch its next product, a desktop application or "widget," which brings the functionality of the mobile version of Chaikin Power Tools to the laptop/desktop environment.
"It has been a very fast start for us," says Marc Chaikin, CEO of Chaikin Stock Research. "I have created software for Wall Street banks for decades, but this endeavor of putting professional tools in the hands of individual investors has been the most exciting. The demand for the tools is high and the desire of very talented individuals to work with us to accelerate the growth of this venture continues to be very strong."
Chaikin Stock Research recently completed a $1 million round of "angel funding" to raise capital for expansion and development. The company has hired Philadelphia-area staff to fill positions as product managers, research assistants, and developers familiar with Apple's mobile operating system.
Chaikin Power Tools is available through the iTunes App Store(SM) for use on iPhone®, iPod touch® and iPad™. For more information or to download the app, visit http://www.chaikinpowertools.com/.
About Marc Chaikin
Marc Chaikin was recently named to the list of "Top Wall Street Experts and Opinion Leaders" by Wall Street Economists, a non-profit organization that studies the field of economics and financial journalism. This is the latest in a string of accolades for Marc, who has become a recognized expert in developing computerized stock selection models for professional money managers, as well as for individual investors. He pioneered and developed the first real-time analytics workstation for portfolio managers and stock traders when he co-founded Bomar Securities in 1989. In 1992 Bomar was acquired by the Instinet subsidiary of Reuters. The proprietary Bomar analytics are now part of Thomson Reuters' institutional workstation.
Marc Chaikin also created several technical indicators whose predictive value has made them de facto standards in most technical analysis software packages. He is best known for the Chaikin Money Flow Indicator and Chaikin Persistency of Money Flow, which is the basis of Investor's Business Daily's Accumulation/Distribution (Acc/Dis™) Rating.
Contact:
Jim Gorman
Kwittken & Company
646-747-7166
Email
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