The method of acquiring and monitoring stock quotes via the internet is convenient, cost efficient and accurate. Using a quote table display via the web can save establishments from the costs of purchasing hardware and installing software
tools plus the cost and effort of developing their own solution. Furthermore, this method can provide the competitive edge and the accuracy many establishments are aiming for, especially as web based services tend to acquire updates throughout the day and provide financial establishments with a sufficient amount of data, news, charting and graphs.
Quote in the financial market is a term that refers to the bid price, ask price as well as the last price in which the security is traded at. Just like any market data, quote can be sourced from a variety of third market data feeds.
It was not that long ago these establishments were exposed to technologies that possessed applications that were designed only for one data feed. These technologies' limitations are unsatisfactory especially for larger financial establishments due to the added cost and effort on data translation and conversion. This issue led to the development of market data solutions that can accumulate and integrate data feeds from multiple data vendors. This development which current web based services have implemented, has been able to allow various financial establishments to reduce the associated cost and effort of constructing a solution that can accommodate several data feeds.
The quote table display, as part of the multiple data vendor solution, is able to supply real-time data from various market data feeds in a web browser. Aside from 3rd party feeds, the quote table may be able to display data from users' own calculation applications such as users' spreadsheets or other applications. It is usually designed to provide users with better flexibility in a way that it allows the intermixing of data on the display.
For some services, their quote table is designed to be completely configurable and the table may present multiple column choices, sections headers and table names. The display may provide features essential for analysis, for example, clicking an instrument on a quote table can immediately present users with a tick chart or recent history.
The development of a multi vendor data solution allows services to provide a quote data display from a variety of 3rd party data feeds such as equity quotes, FX quotes or money market data. Aside from market data accessibility, accuracy and availability, the utilization of the display on a web page allows establishments to reduce the costs associated with market data.
Jun Diel is an avid trader and investor who wishes to share about the Quote table display feature in Ascot. Derivative Trading Systems developed Ascot as a multi vendor market data solution that allows users to collect data from a variety of sources as well as make use of market data and graphical charting tools in a browser page.
Article Source: http://EzineArticles.com/?expert=Jun_M_Diel
No comments:
Post a Comment