Internet Vendor Quote.com Plans To Release Java-Based Market Data Display App
MARKET DATA & NEWS
The Internet-based market information vendor Quote.com has set a July 8 release date for QLive, a stock price and news display facility meant to be delivered via third parties' corporate intranets and World Wide Web sites. In its initial release, QLive consists of a Sun Microsystems Java-based application that displays dynamically updated quotes and news on one company at a time.
At least 50 sites, including Bank of America, are expected to deploy QLive in the next couple of weeks, either on their own Websites or corporate intranets, says Russell Hyzen, product and sales manager for QLive at Quote.com.
Qlive displays 15-minute delayed quotes from Quote.com and real-time news provided by Reuters, PR Newswire and Business Wire. Besides delivering company stock quotes via an intranet, firms using QLive can use PR Newswire and Business Wire to "automate" their in-house press release dissemination systems, says Hyzen.
QLive was originally designed on behalf of browser vendor Netscape Communications to display the daily trade activity of its stock on the investor relations section of its Web site. Quote.com decided to market QLive as a commercial product after it demonstrated the service at the annual National Investor Relations Institute Conference held last month in Naples, Fla., says Hyzen. Quote.com came away with some 75 sales inquiries for QLive at that conference, he adds.
Quote.com disseminates data from its own ticker plant to QLive software residing on customers' Web servers using the publish and subscribe method. Once on the customer's server, data is delivered via a corporate intranet to the QLive display application running on the desktop. With Java, the data is dynamically updated with every trade. The display application flashes green when a stock has been traded up and red when it has been traded down.
Currently, QLive displays quotes, news, press releases and charts for a single company only--and to date that usually means the company that has deployed the QLive software. However, Hyzen says that a version of QLive that displays data for multiple companies is currently in development.
The data available on QLive is the same data Quote.com makes available on its public Web site, minus Standard & Poor's Marketscope news service, says Hyzen. More data sources are planned for both the Quote.com Website and QLive, he says. However, the vendor has no plans to market a version of QLive that will be able to display data that does not originate with Quote.com, he says.
QLive will be available for a 30-day free trial period starting July 8, says Hyzen. Quote.com will begin charging $5,000 annually for QLive after the 30-day period. An HTML version of QLive is also available; however, the data in that case is not dynamically updated, says Hyzen. A demo of QLive can be viewed at http://www.quote.com.
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