QuoteMedia Inc (OTCMKTS:QMCI) Enters into Major Agreement with a Schedule 1 Canadian Bank
Leading provider of market data and financial applications, QuoteMedia Inc (OTCMKTS:QMCI), has announced that it has been chosen as market data and technology provider for one of the Schedule 1 Canadian banks.
Market Stats
On Tuesday, QMCI stock gained 11.30% to $0.3099 with more than 225K shares, compared to its average volume of 44K shares. The stock moved within a range of $0.2570 – 0.3278 after opening trading at $0.2750.
QuoteMedia Announces Major Agreement with a Schedule 1 Canadian Bank
As per the multi-year agreement, the company will provide wide-ranging enterprise deployment of financial data solutions, for hundreds of thousands of the bank’s trading customers. It includes a brand new responsive quotes and research portal aimed at being compliant with all applicable accessibility requirements.
QuoteMedia will also offer custom mobile solutions, and Quotestream Web, QuoteMedia’s HTML5 portfolio management and trading platform. These services are powered by QuoteMedia’s comprehensive data offerings.
Dave Shworan, CEO of QuoteMedia Ltd., commented that there is considerable demand among retail investors, especially when it comes to high net-worth investors and those who trade frequently, for newer, more secure and advanced data and technology solutions to support their investing decisions. They are thrilled to be selected by one of the biggest banks in Canada to offer extensive data solutions, along with their game-changing technologies.
Customers will now have detailed and up-to-date information and tools they require for research, trading and managing their portfolios. This agreement is definitely a major victory for the company, and confirms that their strategies are successful so far.
Key Quote
“There is a significant demand among retail investors, particularly among high net-worth investors and those who trade frequently, for newer and more sophisticated data and technology solutions to support their investing decisions,” said Dave Shworan, CEO of QuoteMedia Ltd. “We are very pleased to have been chosen by one of the largest banks in Canada to provide comprehensive data solutions, along with our industry leading technologies, to ensure their customers have the in-depth and up-to-date information and tools they need for research, trading and managing their portfolios.
Traders Corner
QMCI stock is trading above the 20-Day and 50-Day Moving averages of $0.22 and $0.18 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.18.