StockTouch taps NASDAQ OMX FinQloud for Data Hosting

Cloud computing platform, NASDAQ OMX FinQloud which is designed exclusively for financial services sector will control and monitor the financial application for stock market. This announcement was made by StockTouch. The FinQloud platform will allow 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.

Jennifer Johnson, Founder, StockTouch, said, 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. 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.

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.