MUNICH, Germany and NEW YORK, Nov. 15 (Korea Bizwire) — Munich-based Devexperts GmbH, developers of the financial markets’ most successful professional retail and institutional trading platforms and providers of one of the US’ largest cloud based financial data infrastructures, today announced that they are working with Nasdaq to deliver a high quality, API based, on-demand real time and historical data service. The solution aims at providing cost effective data solutions to an increasing number of international retail and institutional investors interested in pricing and trading information on US equities. Devexperts clients will be able to get the most accurate data, ideas, and real-time stock notifications available, delivered directly to their algo devices, trading platforms, web based applications, software apps or mobile devices via a very easy to use API. Clients will benefit from the single largest liquidity pool with complete market coverage of all cash-listed equities and the highest data quality available in the market via Nasdaq Basic, one of the most popular and leading market data solutions.
Oleg Solodukhin, CEO of Devexperts Data Division said: “We are delighted to work with Nasdaq to deliver our clients in Europe, Asia, Africa and Latin America one of the highest quality market data feeds with the most comprehensive coverage available for US stocks. We believe this service will be a game changer to serve small tech companies, start-ups, quants, professional investors, hedge funds and small brokerage companies with real-time service that can deliver full market coverage at unbeatable prices and a superior technical solution with no need for client side infrastructure.”
Financial software innovations are increasingly coming from smaller companies and startups rather than the bigger, established players. However, many of these companies have a hard time scaling the volumes of data and the overall costs to fit their infrastructure abilities and their budgets. With dxFeed and Nasdaq Basic, companies will be able to subscribe only to the specific instruments they would like to use, substantially reducing bandwidth and client side hardware.
dxFeed enables Nasdaq’s data updates in real-time, so clients – wherever they are in the world – are never a moment behind the market. They can check their portfolios from anywhere at any time.
In addition, clients will also be able to leverage Devexpert’s inforider market data terminal to visualize real-time and historical information, analytics and news on equities, options, futures and FX markets harnessing the power of the company’s state-of-the-art framework of data services, professional web, desktop technology and advanced mobile devices technology.
Headquartered in Munich, Germany, Devexperts was founded in 2002 and specializes in the development of highly complex software solutions and services for the global Capital Markets industry. Our clients are retail and institutional brokerage houses, exchanges and buy-side firms. We have over 200 engineers in offices in North America, Europe and Asia.
The high performance, scalability and integration capabilities of our products and services, along with 24x7x365 monitoring and support, result in some of the global financial industry’s most recognized and reliable technology applications (e.g. the Thinkorswim platform). Millions of people trade daily through the use of Devexperts technology.
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Source: Devexperts Inc. via GLOBE NEWSWIRE