Ex-OppenheimerFunds CEO Art Steinmetz Joins MarketReader Advisory Board

Market intelligence firm brings real-time price explanations to investors and advisors

NEW YORK--(BUSINESS WIRE)--MarketReader, a market intelligence firm providing real-time price explanations to its clients, announces former OppenheimerFunds CEO Art Steinmetz as its newest advisory board member. Steinmetz will advise the company as it expands its product offerings for the financial advisory industry. MarketReader is co-founded by Jens Nordvig, Web Begole and Evan Schnidman.

“With MarketReader, I don't have to guess what is driving the moves in a stock. I know,” said Steinmetz.

MarketReader uses a proprietary data ingestion and financial modeling system to identify and explain unusual price movement across multiple asset classes in real time. When an unusual price move is detected, the system instantly returns the most plausible explanation. MarketReader’s market intelligence product has broader coverage and faster delivery than any manual, human-driven process.

“We are thrilled that Art is joining us as an advisory board member. He is very well respected among financial advisors in the US, a segment that we view as a key target audience for MarketReader,” said Jens Nordvig, MarketReader Co-Founder and CEO. “Art's network and support for MarketReader's go-to-market efforts will help accelerate our reach among this important and very large audience.”

Art Steinmetz has had a distinguished career in asset management, prominently serving as CEO of OppenheimerFunds until its acquisition by Invesco Ltd. in 2019. He is currently a private investor located in New York City. He joins current MarketReader advisors Morten Primdahl (former Co-founder and CTO of Zendesk), Irina Novoselsky (former Careerbuilder CEO), and Pascal Schaary (VP of Datadog).

About MarketReader
Co-founded in 2021 by experts in economics, trading, and financial technology, MarketReader is a market intelligence company that empowers all investors to understand why the market is moving in real time. MarketReader provides clear, objective explanations of what is driving asset price movement in a way that is accessible to all types of investors, from retail to institutional. Visit www.marketreader.com for more information.