SunGard has released a new version of its MarketMap Mobile market data solution, accessible from a range of mobile devices.
The solution is integrated with the online desktop application and has lower bandwidth requirements, helping make downloading and displaying market data content faster and more cost-effective. By transmitting less data, MarketMap Mobile helps reduce roaming and data downloading and usage costs. The 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 new version of SunGard's MarketMap Mobile application helps address challenges - including cost, security concerns, and platform choice - that were cited by financial services firms in a recent SunGard survey as barriers to adopting mobile market data solutions. ,. The survey on mobile market data solutions found that 61% of polled financial services firms, including trading and asset management firms, believe the adoption of mobile market data technology would help create business advantages, particularly in improved customer service.
Bill Fearnley, Jr., senior analyst, Celent, said, "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. 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."
Robert Jeanbart, executive vice president and global head of SunGard's MarketMap business unit, said, "The SunGard survey indicates that there is a growing opportunity for financial firms to reach their customers and prospects via mobile channels. There are several key technical considerations firms must address including which device and platform strategy and managing IT security concerns. What SunGard's MarketMap offers can help firms over overcome these obstacles, make data available faster and help financial services firms capitalize on the growing base of mobile market data users."