Market Overview

Meet Toggle, An Investment Research Platform Actually Used By Institutions

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Meet Toggle, An Investment Research Platform Actually Used By Institutions

Benzinga will be holding its annual Benzinga Global Fintech Awards, a day of dealmaking, networking, and recognition in the financial technology space, on Nov. 10, 2020.

In recognition of those disruptive innovators creating positive and diverse change within the financial services space, Benzinga chatted with CEO and co-founder Jan Szilagyi, Head of Business Development RJ Assaly, as well as co-founder Giuseppe Sette at Toggle.

About Toggle

Traditional investment research tools tend not to provide users with meaningful insights. That’s according to the team at Toggle, an AI-powered tool for actionable market research.

Founded in 2019, the firm leverages a deep background in asset management and fintech to tap into data warehouses, algorithmically digest millions of data points on over 13,000 global assets, and deliver to users assistance on the most difficult aspects of trading: entry, management, and exit.

“As fundamental investors, depending on the data, we seemed to be unable to fully extract the value that was locked in it,” Szilagyi said. “So we thought, well, maybe there is a middle ground where we could use some machine learning capabilities to help discretionary investors get better at separating what’s relevant from what’s not relevant.”

In the simplest way possible: Toggle provides active investors a supportive infrastructure for analyzing and acting on complex data sets.

“What we are focusing on is taking the raw commodity and turning it into something that … provides guidance without taking agency from you,” Szilagyi added. “In fact, quite to the contrary, it’s empowering you.”

Core Product Portfolio

Through partnerships with some of the largest brokerages, as well as data providers like Refinitiv, Toggle’s smart dashboard allows investors actionable intelligence on positioning, macro-economic sentiment, valuation, and seasonality.

Pictured: Toggle asset overview screen.

“We take these vast data sets and look at any number of lenses … to say what is the current data telling us,” Assaly noted. For example: “JPMorgan momentum turned negative; 80% of the time this led to an increase in price and … the forward path typically looks like it went up 20%, over the course of three months.”

“Or, you can come in and see that Facebook exhibits a positive trend 19 days before the U.S. presidential election.”

Overall, users have the ability to generate statistically robust insights based on varying scenarios, time horizons, confidence intervals and risk, to best position themselves for outperformance in volatile markets.

Assaly added that Toggle is to investing as Waze is to driving: “You say here’s where I’m going, tell me how to get there.”

Innovation Outlook

Toggle is in a soft launch with the development team working tirelessly to learn from users and identify what key features are best to offer in subscription packages. Though the product was intended for retail clients, Toggle attracted a lot of attention in the institutional asset management industry.

“The proof is in the pudding,” Assaly said. “We have a number of paying institutional clients, … and about $140 billion in AUM managed by them.”

Going forward, Toggle will further innovate its product portfolio adding low-cost tools that best address the biggest pain points of trading for institutions and retail customers, alike; “You need to understand the technicals, the fundamentals, and the newsflow,” noted Sette. “We got it all, … and this suite of services is only going to broaden in the next few months.”

To learn more about Toggle, click here.

 

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