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SOURCE Barchart.com, Inc.
CHICAGO, Oct. 1, 2013 /PRNewswire/ -- Barchart.com, Inc., a leading provider of market data and information, today announced the launch of Barchart OnDemand (www.barchart.com/ondemand), a cloud-based service developed for accessing and delivering market data and information using web services. Barchart OnDemand is built upon the Amazon Web Services (AWS) cloud infrastructure and features an extensive inventory of web services APIs and market data, including price, reference and fundamental financial data, as well as corporate actions, leaderboards, charts, news and custom analytical screens. As a cloud-based service, Barchart OnDemand offers enterprise-class reliability, rapid deployment and scalability, and a usage-based pricing model. Barchart OnDemand will provide clients with access to a "market data cloud" that is compatible with any operating system and programming language, and helps clients reduce their market data infrastructure requirements and total spend.
"Barchart OnDemand provides simple and efficient access to data that is typically complicated and expensive to source," said Barchart President Eero Pikat. "We are providing easy access to thousands of fields of market data from an extensive list of sources, all through a collection of APIs, and we have more in the works. And, as an Amazon Web Services Technology Partner, we have the experience and knowledge to fully leverage all of the elastic solutions that Amazon offers," added Pikat.
Barchart OnDemand features a variety of market data APIs, such as getQuote (real-time, delayed or end-of-day data), getHistory (daily, minute or tick data), getFinancialRatios, getCompetitors, getCorporateActions, getLeaders, getScreener, getETFDetails, getNews and many more. The APIs support both GET and POST requests, as well as SOAP, and data can be delivered in multiple formats like XML, JSON and CSV. And, as a web services solution, Barchart OnDemand is compatible with any operating system, such as Windows, Linux, iOS or Android, and any programming language, such as Java, PHP or ASP.NET.
"The Barchart market data cloud provides a flexible, efficient, and scalable solution for market data. It gives us the ability to get a feed live almost instantaneously, while the customer can select what data points and formats they want to receive," said Boris Wexler, Director of Web Development at Barchart.
Barchart OnDemand will provide cloud-based market data solutions to financial services, trading and investment firms; software and mobile app developers; digital media; commodity producers and processors; and, corporate investor relations and treasury departments. Barchart OnDemand can be used to supply financial data to front, middle and back-office software applications used for market analysis, trading, and accounting, as well as for integrating financial content into websites and mobile apps. Other applications include powering portfolio management tools, risk management systems and charting applications.
Market data for the new cloud-based service is sourced directly from leading exchanges from around the world, including NYSE Euronext, CME Group, NASDAQ, Dow Jones, ICE and BM&F Bovespa. Barchart also collects information from a variety of reference and fundamental data providers. In addition, Barchart maintains extensive news and financial report coverage from Associated Press, Canadian Press, Business Wire, PRNewswire, Market Wire and Edgar Online.
In terms of pricing for accessing the service, Barchart OnDemand features a usage based pricing model which allows firms to select levels of service that correspond to the frequency of their data requests. This pricing model combined with the rapid scalability available through Amazon Web Services allows Barchart OnDemand to cater to firms ranging from the largest banks, brokerages and media companies to start-up software developers.
"The cloud-based model provides firms of all sizes a level playing field to access and utilize institutional quality market data, and pay according to their usage," said Mark Haraburda, Managing Director of Sales and Business Development at Barchart. "Through Barchart OnDemand larger firms will be able to reduce their market data spending while smaller firms will have an easier time entering an industry that otherwise has high barriers of entry because of the costs associated with sourcing market data," added Haraburda.
For more information, visit www.barchart.com/ondemand.
With a heritage dating back to 1934, Barchart.com, Inc. has substantial experience in meeting the information needs of the financial, media, agriculture and energy industries. As a full-service provider of equity, index, mutual fund, futures and foreign exchange market data, Barchart provides a wide range of market data products and solutions for customers ranging from institutional to retail. As an established leader in an industry that demands accuracy and innovation, Barchart's goal is to form partnerships that deliver comprehensive solutions for success. For more information, please visit www.barchartinc.com.
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