QuoteMedia Powers Berkindale Analytics Market Data Platform

Rhea-AI Summary

QuoteMedia, a provider of market data and financial applications, announced a new partnership with Berkindale Analytics to supply North American market data for Berkindale's advanced analytics platform. QuoteMedia will deliver real-time and historical data feeds covering U.S. and Canadian exchanges via low-latency REST APIs and End-of-Day Data Services. Berkindale Analytics aims to enhance its data analytics offerings with these feeds, leveraging deep analytics solutions powered by machine learning and sentiment analysis. The collaboration seeks to modernize clients' market data strategies, providing comprehensive market activity insights.

Positive

• QuoteMedia secures a partnership with Berkindale Analytics, expanding its client base.
• The partnership introduces QuoteMedia's real-time and historical data feeds to Berkindale's platform.
• Berkindale's use of advanced analytics like machine learning and sentiment analysis aligns with market trends.
• QuoteMedia's data feeds cover both U.S. and Canadian exchanges, offering comprehensive market insights.
• Low-latency REST APIs and End-of-Day Data Services enhance the data delivery and usability.
• QuoteMedia's reputation for quality and breadth of data could attract more B2B clients.
• Collaboration aims to modernize and enhance clients' market data strategies, potentially increasing client satisfaction.

Negative

• No specific financial terms or revenue figures from the partnership are disclosed.
• Increased reliance on partnerships may expose QuoteMedia to client dependency risks.
• Potential high costs associated with providing comprehensive and low-latency data feeds.
• Market competition in financial data services remains high, posing continuous pressure.

PHOENIX, May 29, 2024 (GLOBE NEWSWIRE) -- QuoteMedia, Inc. (OTCQB: QMCI), a leading provider of market data and financial applications, is pleased to introduce Berkindale Analytics, as a new Client and Partner for North American market data and information for their advanced data and analytics platform.

QuoteMedia’s real-time and historical market data feeds provide companies with access to fully consolidated feeds for a total picture of North American market activity which they can use in their advanced analytics platforms for the benefit of their users.

QuoteMedia is delivering a wide range of content, including consolidated enterprise data feeds for United States and Canadian exchanges, through low-latency REST APIs and End-of-Day Data Services. This provides Berkindale Analytics with the data required for their state-of-the-art deep analytics solution.

“Our partnership with QuoteMedia is a continuation of Berkindale's ambition to deliver a cutting-edge data analytics platform that assists customers in modernizing and enhancing their market data strategies,” said Philippe Girard, Founder and CEO of Berkindale Analytics. “The quality and breadth of QuoteMedia’s data offerings, taken together with their unmatched dedication to ensuring we realize our vision, have made QuoteMedia the perfect choice for Berkindale.”

“We are very pleased to be partnering with Berkindale on their leading-edge research and analytics platform,” said Dave Shworan, CEO of QuoteMedia Ltd. “Berkindale takes genuine pride in providing their clients with the very best data solutions, and has earned a well deserved reputation for excellence. We are very proud to be partnering with them in meeting the needs of their diverse client base.”

About QuoteMedia

QuoteMedia is a leading software developer and cloud-based syndicator of financial market information and streaming financial data solutions to media, corporations, online brokerages, and financial services companies. The Company licenses interactive stock research tools such as streaming real-time quotes, market research, news, charting, option chains, filings, corporate financials, insider reports, market indices, portfolio management systems, and data feeds. QuoteMedia provides industry leading market data solutions and financial services for companies such as the Nasdaq Stock Exchange, TMX Group (TSX Stock Exchange), Canadian Securities Exchange (CSE), London Stock Exchange Group, FIS, IEX Data Services LLC, U.S. Bank, Bank of Montreal (BMO), Broadridge Financial Systems, JPMorgan Chase, Scotiabank, CI Financial, Canaccord Genuity Corp., Hilltop Securities, Avantax, Zacks Investment Research, S&P Global Market Intelligence Inc., Business Wire, Cision (PR Newswire, CNW Group), The Goldman Sachs Group, TheStreet.com, Motley Fool, Regal Securities, ChoiceTrade, Cetera Financial Group, Dynamic Trend, Inc., Aviso Financial Inc., iA Private Wealth, Ally Invest, Inc., Leede Jones Gable, Firstrade Securities, Charles Schwab, Lightspeed Financial Services Group LLC, Equisolve, Stock-Trak and others. Quotestream®, QMod™ and Quotestream Connect™ are trademarks of QuoteMedia. For more information, please visit www.quotemedia.com.

About Berkindale Analytics

Berkindale Analytics offers a sophisticated B2B cloud-based solution providing Level 2 granular market data, financial news, social media, and packaged analytics as distinct products to customers through direct download, API, and dashboards accessed from a web portal. The Berkindale platform uses machine learning technologies, data mining trends, and sentiment analysis with natural language processing which enables firms to maximize the value of the data and to deliver timely, actionable insights to our clients.

For additional information, please visit www.berkindale.com and stay in touch with us by signing up for our newsletter.

We invite you to speak with a representative for your data analytics needs.

QuoteMedia Investor Relations

Brendan Hopkins
Email: investors@quotemedia.com
Call: (407) 645-5295

FAQ

What is the new partnership between QuoteMedia and Berkindale Analytics about?

QuoteMedia has partnered with Berkindale Analytics to provide North American market data for Berkindale's advanced analytics platform.

What type of data will QuoteMedia provide to Berkindale Analytics?

QuoteMedia will provide real-time and historical market data feeds for U.S. and Canadian exchanges.

How will the partnership between QuoteMedia and Berkindale Analytics benefit clients?

Clients will benefit from enhanced market data strategies and comprehensive insights through Berkindale's advanced analytics solutions.

What technologies does Berkindale Analytics use for its data solutions?

Berkindale Analytics uses machine learning, data mining, and sentiment analysis for its data solutions.

What services does QuoteMedia offer to its clients?

QuoteMedia offers a range of services including real-time quotes, market research, news, charting, option chains, and data feeds.

How does QuoteMedia deliver its market data feeds?

QuoteMedia delivers market data feeds through low-latency REST APIs and End-of-Day Data Services.

What are the potential risks for QuoteMedia in this partnership?

Potential risks include client dependency and high costs of providing comprehensive data feeds amidst high market competition.