SunGard, a software and technology services company, has released the latest version of its MarketMap Mobile market data solution, accessible from a range of mobile devices.
SunGard's MarketMap provides market data applications, customizable web components and data feeds, and seamless integration with other SunGard solutions. MarketMap provides the full breadth of decision support needed for trading, research, risk management, portfolio management and advisory functions within financial institutions, while its usage reports help monitor and control data costs in real time.
The new version of SunGard's MarketMap Mobile application helps address challenges associated with cost, security concerns, and platform choice as barriers to adopting mobile market data solutions. By transmitting less data, MarketMap Mobile helps reduce roaming and data downloading and usage costs. A new update timer option helps users further limit data costs by allowing them to choose how often they want to receive price changes and news.
“The need for market data in the mobility space continues to grow as users look for access to more sources of information on their smartphones and tablets," said Bill Fearnley, a senior analyst with research and consulting firm Celent. "The challenge and opportunity for most enterprises and financial organizations is how they can best leverage their existing infrastructure and footprint in order to provide real time, dynamic access, depth and quotes to the trading and market data user community while providing a secure platform and cost effective offering.”