Public has acquired the retail brokerage accounts of
Tornado, an artificial intelligence platform for financial institutions. The
agreement will see more than 85,000 Tornado brokerage customers moved to
Public’s active trading platform. They will gain access to a broader range of
investment products.
Public has shifted away from social
trading to focus on AI-driven investing tools. The platform now positions
itself as a multi-asset broker, offering stocks, options, bonds, crypto via
Bakkt, margin trading, and AI-powered products like Generated Assets.
Tornado Refocuses on Institutional AI Research
Tornado will not exit the market. Instead, it will continue
to focus on institutional clients. The company said it is scaling its agentic
AI research platform to serve hedge funds, asset managers, investment banks,
venture capital and private equity firms, and other institutions. Tornado
reported a revenue increase of more than three times in recent months, citing
rising interest from these clients.
You may find it interesting at FinanceMagnates.com: Public
Joins Aston Martin Aramco F1; Launches Fractional Bond Trading.
Public, launched in 2019 and based in New York, offers
long-term investing across multiple asset classes, including stocks, bonds,
crypto, and options. The company has raised more than $400 million from
investors such as Accel and Tiger Global.
Public Offers Expanded Assets to Tornado Clients
As part of the transition, Tornado’s retail customers
joining Public will be able to invest in stocks, ETFs, bonds, crypto,
retirement accounts, and options. They will also have access to Public’s AI
research assistant, Alpha, and the option to invest in customizable indexes
through Generated Assets.
“Tornado’s customers will have access to a modern
brokerage platform where traders will have a variety of AI-powered tools and
charting to move quickly and take advantage of the market in real time,”
said Stephen Sikes, COO of Public.
Introducing: Generated AssetsTurn any idea into an investable index. pic.twitter.com/j9fI3kSxlM
— Public (@public) May 14, 2025
Generated Assets Offers AI-Assisted Investing Tools
Public launched Generated Assets, an AI-powered
tool that lets users create custom equity indexes from simple text prompts.
The system analyzes filings and public data, backtests performance, and tracks
personalized indexes against the S&P 500.
Users can explore niche investment ideas, monitor indexes,
and share results. Public plans to add investment functionality soon, offering
an AI-assisted alternative to traditional investing without requiring advanced
market expertise.
This article was written by Tareq Sikder at www.financemagnates.com.
Source link
