For this purpose, a web-based application running on the basis of Socket.IO will be adopted. According to the official announcement, one of the largest advantages of the solution is the absence of additional external plugins to transfer data directly to web browsers (including on Chrome, Internet Explorer and Firefox) and mobile devices (iOS and Android).
The new solution should supplement the existing offering of Barchart, which focuses on converting financial data and information into technology solutions for customers in the commodities, media and financial sectors. The firm’s current product line includes trading software, mobile apps and a number of industry tools.
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The above mentioned APIs are available both as server-side and client-side components. The first ones suit institutional clients and the second group is set up to serve software providers to develop applications.
WebSockets APIs provide access to market data on stocks, indices, options, foreign exchange markets and futures contracts. At present the solution is connected to the world’s biggest stock exchanges such as NYSE, NASDAQ, CME, CBOT or LME.
Finance Magnates recently reported that Barchart signed a partnership agreement with DataStreamX, a data and information marketplace based in Singapore. As a result, the U.S. company became the first to offer customers price based information on indices, futures and stocks through DataStreamX.