QuoteMedia, Inc. (QMCI.OB) is taking a lead role in providing financial stock market data, market news feeds, and financial software solutions to online brokerages, clearing and financial service firms, banks, and public corporations. By focusing its efforts on delivering financial data to the marketplace, QuoteMedia is making an impact on one of the fastest growing segments in the financial world.
QuoteMedia has built a streamlined, proprietary delivery system that is far more cost-effective than traditional data delivery technology used by its competitors. The older technology is based on legacy-style data networks that require heavier server and network loads that take up more bandwidth, which results in higher server and delivery costs. QuoteMedia’s innovative system runs at a lower cost ratio that enables the company to generate healthy margins, even when contracts are sold at a wholesale level.
As the economy continues to fluctuate, financial institutions such as brokerages, clearing firms, banks, and the like are met with an ever-increasing demand from consumers for real-time data. Statistically, financial websites outscore every other category for online usage, including search engines, portals, and online communities. Consumers are continually seeking financial advice and data online.
QuoteMedia plans to increase its revenue growth percentage by securing market share within the data feed, financial software applications, and mobile/PDA markets. By taking an advantage of its established partnership with Pension Worldwide and other clients, including banks, brokerage firms, mobile carriers, and web portals, QuoteMedia hopes to accomplish its overall growth plan.
QuoteMedia can provide these companies with all the latest developments throughout the business day with its real-time data delivery system. With no end in sight to the uncertainly with our economy, financial institutions need to be up-to-speed on the happenings on Wall Street and QuoteMedia has a cost-effective solution that will allows these companies to better serve their clients.
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