SuperDerivatives, a world leader in multi-asset real-time market data, analytics and derivatives technology including front office, portfolio revaluation and trade execution will further enhance its DGX platform and respond to strong client demand with the addition of mutual funds market data.
Mutual funds are an important asset for several DGX user groups, and this enhancement will allow users to access mutual funds data over the cloud on a multi-asset, cost-effective and intuitive platform.
DGX is a revolutionary cloud-based real-time market data, news, charts, chat and analysis platform, delivering the widest range of cash and derivatives data in all asset classes direct to users' desktop, iPad or mobile device.
Launched at the end of last year, the platform attracted the unprecedented number of 23,000 users within its first month as market participants move away from prohibitively expensive installed data systems in today's cost-sensitive environment, establishing it as the fastest growing community in financial markets.
The platform is entirely free-text based, driven by a very powerful search engine, and has advanced chat facilities including video and multi-party chat, news feed and commentaries from multiple sources, Twitter integration and live business television channels. The DGX app store includes third party content and applications available on DGX from more than 200 third party providers.
Bonnie Eshel, Head of Market Data at SuperDerivatives, comments: "As the DGX user base continues to grow rapidly, we are adding content and services to make the platform a full service solution for our clients. Demand for mutual funds data has been exceptionally strong amongst the wealth management and private banking sector, and we made the addition of these instruments a key priority in our continuous enhancements to DGX.
"DGX has been built as a modular, scalable platform, and so users can add certain data sets, such as mutual funds, as they need them, and hide any data sets that they don't need. In addition, the analytical tools allow analysis of all instruments including the comparison of performance of different instruments, correlations and portfolio performance tools.
"This is a radical move from a market data provider, and a huge leap forward from the often-unaffordable 'one size fits all' approach traditionally offered when purchasing an installed data terminal. Client feedback to DGX has been overwhelming, and we firmly believe that this approach is the future for delivery of real-time market data."