Stock market software was one of the first things to go SaaS, and for a good reason. Stock marketers require live, real-time, instant communication and data exchange in order to function in this high-stress marketing climate. You can’t buy and sell in today’s world without Saas. SaaS has taken the stockbroker off the desktop and into the live system.
SaaS stock market software offers instant analytics, financial projections and data tracking. For a long time, expensive supercomputing was required to make this happen. But, w the introduction of the cloud, supercomputing became relatively cheap for companies and individuals to afford.
Today, we’re going to look at a handful of these offerings. Although I’m not a stock market specialist, I am a SaaS guy; and I’m a SaaS guy who knows many people who work in the stock exchange. The 3 software providers below are leaders in stock market SaaS.
#1 – StockMarketEye
Stock trackers and digital quote gathering systems once consumed quite a bit of hard drive space and bandwidth for stock marketers; StockMarketEye is an example of how these, and other complicated processes, have undergone a vast improvement with SaaS.
Your ‘average joe’ will get a lot of use out of StockMarketEye as it simplifies investment research. But specialists and professional traders will benefit from it as well.
So, what does StockMarketEye offer? This list of features may seem small, but they perform very intelligent and complex operations. It offers easy portfolio tracking, free stock quotes, integrated charts with indicators and the ability to monitor investment positions. It also offers gains & loss analytics, performance analytics and the ability to track stocks, mutual funds, ETFs and currencies from around the world.
A SaaS system that can effectively perform these tasks is quite an accomplishment. If you’re a stock aficionado, business person or you just need a good analysis of the stock market, StockMarketEye is a good choice.
#2 – ChartsLive
ChartsLive is a similar stock market information system. It delivers access to stock charts for every listing, public and private, on the market. It synchronizes with central markets in all developed regions of the world, and can cross reference the trade histories and statistics of any given stock – in real-time.
The best feature of Chartslive is its free advanced Technical analysis charts – that are customizable! Compatible with pretty much all devices via browser or native app, this one’s a little more technologically advanced than StockmarketEye so it may be a good option for intense stock brokers.
#3 – MorningStar
This app handles the part of the stock market that always confused me, so I have to say I really appreciate it. MorningStar is a program designed to intelligently determine the ‘credibility’ of a given stock and company – and how this changes at any given time. Knowing who or what to invest in, used to require blind intuition and a little bit of gambling on the behalf of traders and stock market users ; at best it required the use of supercomputing and a wild imagination.
With the cloud nature of SaaS, especially in this case, MorningStar removes this intuition and gamble. It uses a series of intelligent algorithms to track a stock and determine the state of its ‘potential worth’, so you can make wise decisions. Morningstar offers stock news, commentary, fund information, tutorials and forums.
Stock market SaaS is changing the way stock brokers, investors (or anyone who has a vested interest in the state of the market) approach and manage stocks. I have listed the top 3 stock market software providers who have taken their software to the cloud; check them out and let me know what you think!