Forge Releases Enhanced User Experience For Data Clients, Extends Volume Weighted Average Pricing to Markets Customers
- Feature enhancements include visual summaries of biggest private market movers
- New integrated data sets include Membership Interest Transfers and Public Marks
- Volume Weighted Average Price (VWAP) extended to Forge Markets customers
June 16, 2022 – SAN FRANCISCO – Forge Global Holdings, Inc., (“Forge” or the “Company”), a global private securities marketplace, today announced upgrades to Forge Intelligence designed to enhance the experience of Forge Data customers and provide more visibility into the private market so they can invest intelligently.
Forge Intelligence is a first-of-its-kind web-based product designed to give investors access to Forge’s proprietary trading data and to support insights and analysis that help investors design investment strategies.
“The enhanced Forge Intelligence experience is designed to help investors build data-driven strategies and models so they can feel confident in everything from valuing private market assets to building portfolios of innovative private stocks,” said Vidya Eashwer, SVP and Head of Forge Data. “With new features that visualize volume and price movements, to new data sets that allow for easy comparisons to hard-to-access public marks, investors have more of the real-time information they need to manage risk and validate decision-making.”
The new Forge Intelligence experience includes front-and-center data on the biggest price movers on the Forge platform, showing data customers which private companies have encountered the largest secondary price swings. Visual summaries of trade activity now alert data customers to changes in pricing since they last logged in to Forge Intelligence and instantly summarize companies with the most prolific trading activity.
Additional enhancements include two new integrated data sets accessible to Forge Intelligence customers. Membership Interest Transfers, which are sells of fund units directly between clients, are now included in the secondary transactions table and price history overlay. And Forge Intelligence customers will now be able to access Enhanced Public Marks data, which include 8,642 total public fund marks sourced form 95 funds across 282 issuers, providing the users with an expanded breadth of data points to enhance pricing and valuation analysis.
In addition to the upgrades to the Forge Intelligence experience, Forge announced today that Volume Weighted Average Price of private stocks (VWAP) will be extended beyond the Forge Data platform to Forge Markets clients. VWAP is calculated using historical trade data available exclusively on Forge Markets. Private market participants will be able to view VWAP on private company stocks that trade on the Forge platform when logged into Forge Markets. VWAP provides clients with an unprecedented level of transparency, allowing them the opportunity to incorporate the most recent market color into their investment process.
“Forge was a pioneer in the methodologies to help investors accurately value private assets and we continue to deliver the tools and services that improve access, liquidity and transparency in this attractive asset class,” said Jennifer Phillips, Chief Growth Officer and President of Forge Markets. “Extending Volume Weighted Average Price to our Markets clients is one more way that Forge enables our clients to confidently participate in the private market.”
For more information on Forge Intelligence and additional Forge Data offerings, visit https://forgeglobal.com/forge-data/. For more information about Forge Markets, log in or create a new account by visiting https://forgeglobal.com/forge-markets/.
Forge is a leading provider of marketplace infrastructure, data services and technology solutions for private market participants. By combining world-class trading technology and operating expertise, Forge Markets enables private company shareholders to trade private company shares with accredited investors. Forge Company Solutions, Forge Data and Forge Trust along with Forge Markets help provide additional transparency, access and solutions that companies as well as institutional and accredited investors need to confidently navigate and efficiently transact in the private markets. Securities-related services are offered through Forge Securities LLC (“Forge Securities”), a wholly owned subsidiary of Forge. Forge Securities is a registered Broker Dealer and Member of FINRA/SIPC, an alternative trading system.