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StockTouch taps Nasdaq OMX FinQloud for processing power and data hosting

23 September 2013  |  1361 views  |  0 Source: Nasdaq OMX

StockTouch announced today that the leading financial application used to monitor and understand the stock market will be powered by Nasdaq OMX FinQloud, a secure, cloud computing platform designed exclusively for the financial services sector and powered by Amazon Web Services (AWS).

StockTouch is a mobile application that displays a series of color coded heat maps that give users the pulse and direction of the market, categorized across industry sectors.

The FinQloud platform allows StockTouch to store and compute the same type of commercial data used by institutional investors, powering the application's proprietary, user-friendly heat maps for 4,000 total securities. By operating within FinQloud, StockTouch will enable its 500,000 users to quickly analyze reliable data, saving the company maintenance costs associated with speed of processing. StockTouch's innovative delivery of financial information with mobile gaming data protocols is supported by the scalable computing power of FinQloud, which creates output files to regularly refresh visualizations, and renders 30 frames per second animations. Also, StockTouch will be able to easily expand its cloud architecture to accommodate broader application features or business partnerships within the FinQloud open ecosystem.

"StockTouch moved its operations into FinQloud to be closer to its contributing members from the investor community, and to benefit from the same reliable handling of the data we provide," said Jennifer Johnson, Founder of StockTouch. "We feel that FinQloud could support StockTouch for the long-term, as we engage closely with individual and institutional investors to provide additional trading tools for the future."

"FinQloud is the only capital markets ecosystem that is developed for an open environment with commercial cloud technology, and we're thrilled to welcome StockTouch," said Julia Sears, Associate Vice President of FinQloud at NASDAQ OMX. "We continue to foster innovation within FinQloud. That's the real value. Members of the financial services community, both large and small, can now meet in a secure environment to build new solutions for their data management." 

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