2iQ Introduces Capitol Trades, A Platform That Tracks US Politician's Trades

Capital Markets CIO Outlook | Tuesday, August 17, 2021

The Stop Trading on Congressional Knowledge (STOCK) Act of 2012 needs members of the US Congress to disclose their stock market trades, and since 2iQ already has the world's largest and most sophisticated insider trading database, adding STOCK Act trade data to their offering was a natural next step.

FREMONT, CA: 2iQ Research has introduced the online service Capitol Trades, where investors can track stock market trades of Capitol Hill politicians in a convenient way.

The Stop Trading on Congressional Knowledge (STOCK) Act of 2012 needs members of the US Congress to disclose their stock market trades, and since 2iQ already has the world's largest and most sophisticated insider trading database, adding STOCK Act trade data to their offering was a natural next step.

Zabih Ullah, Managing Partner, 2iQ Research, stated, "Tracking US Congress trading activity can help investors make more informed trading decisions. While US federal law requires Senators and Representatives to disclose their trades within 45 days of a transaction in a Periodic Transaction Report (PTR), the law is not as strict as it is for corporate insiders. Capitol Trades helps to solve this issue by increasing transparency in this important area of the stock market."

Nils Bolsen, Program Manager, 2iQ Research, stated, "We were not satisfied with the existing offerings for STOCK Act data, so we decided to create our own. The project benefited from our ~15 years of experience in providing global insider trading data. Existing processes and the right people in the right places led to fast results. Today, we are proud to deliver complete and near real-time transactions of US senators and representatives on Capitol Trades - for free."