San Mateo, CA and NEW YORK, NY – April 2, 2011 - StockTouch was developed, using web services from Xignite, the leading market data cloud, by a team of 3 people in 3 months. It rose to become the top-selling iPad app in the Finance category for iOS the very first week it became available. Based on a 3-D gaming engine, StockTouch gives users a near-instant understanding of the global stock market with stunning visuals. The most popular mobile app with finance workers, it is also an intuitive educational tool for novices looking to better understand the financial markets. Additionally, StockTouch was honored as Top Finance App in the iOS App Store Rewind 2011.
"The usage of mobile devices in financial services is changing as fast as the technologies that enable it. The combination of a thin-client, touchpad interface and high-resolution graphics makes tablets a compelling solution for a host of capital markets applications, from trading and portfolio analytics, to equity research and pitch books. In an age where news and information travel fast, waiting a few hours to take action is no longer acceptable," said Adam Sussman, Principal, Director of Research, TABB Group.For only $4.99, StockTouch users wield the power of the international stock market in the palm of their hands. As finance workers move away from monolithic applications toward easy mobile solutions, StockTouch is gaining popularity as an indispensable tool. With its dynamic zooming interface and intuitive gesture controls, StockTouch demonstrates how finance can be demystified by modern graphics and technology.
"Professional and individual investors have come to expect anytime, anywhere access to their account and market data. More financial services firms are developing apps for smartphones and tablets so their clients can get news and data with rich graphics on a smart device. Events in overseas markets have helped to accelerate this trend because smart devices keep investors connected and informed while they are away from the office," stated Bill Fearnley, Jr. Senior Analyst at Celent.The rapid development of this app, diversity of the data it offers, and ease of access to that data are all made possible by Xignite, the leading market data cloud. Xignite is helping StockTouch evolve to become an even more successful app by providing the data necessary to deliver a universe of market data intelligence across different asset classes.
"As a company we are focused on creating innovative and powerful new ways to visualize market data, and to make this available to a wide audience of professional and retail investors. Xignite has been a key partner for us, enabling us to focus on our core strengths." said Jennifer Johnson, CEO of StockTouch’s parent company Visible Market.
Currently, StockTouch supports approximately 1,350 stocks and displays 9,500 charts, 16,000 news stories and 50,000 tiles of heat. The Top 900 US / Top 900 Global stocks are shown in two key heat maps. In the works are support for 1,000s of additional stocks and ETFs via search, as well as personalized visual watch baskets.
"Now mobile apps are driving the future of corporations across the globe," said Stephane Dubois, CEO and founder, Xignite. "The only way to deliver big data with the elasticity and scalability these mobile apps require—whether you’re a startup in the Silicon Valley or a multi-national financial service organization—is to harness the cloud."
StockTouch is a top selling iOS app in the Finance category. Launched in the summer of 2011 and rated Top Finance app in the App Store Rewind 2011, StockTouch is a powerful new way to visualize the stock market. Visible Market Inc., the parent company of StockTouch, creates innovative iOS apps that demystify the financial markets and help people make better investment decisions.
Xignite is the leading financial market data cloud provider, offering more than 50 financial cloud APIs and fulfilling more than five billion service requests per month for real-time, historical and reference data covering global equities, commodities, currencies, options, fixed income, mutual funds, derivatives and OTC instruments. The Xignite market data cloud powers mission-critical applications for financial services front, middle and back office, financial websites, investor relations, corporate ERP and BI, e-commerce, and mobile for more than 900 clients in 47 countries, including Citi, GE, Wells Fargo, ING, BNY Mellon, Natixis, Forbes.com, SeekingAlpha, ExxonMobil, Starbucks, Netsuite, and Barrick Gold. The award-winning XigniteOnDemand cloud platform also provides new online channels for stock exchanges, trading venues, OTC brokers and market data originators including CME Group, NASDAQ OMX, BGCantor and Pearson. For more information, please visit www.xignite.com
or call 1-866-XML-SOAP.
Senior Manager, Press and Media
mcanul [at] xignite.com