Updata Integrates Money.Net Data

The integration will provide users of Updata's analytics with an alternative source of underlying data.

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The deal will enable traders and analysts using Money.Net terminals to leverage Updata’s technical analysis, stock scanning and back-testing tools on data from Money.Net, while Updata customers can now switch out existing market data providers for a lower-cost alternative. For example, many of the vendor’s customers run its analytics on Bloomberg or Thomson Reuters data, which cost between $1,500 and $2,500 per month, compared to Money.Net, which costs $150 per month.

“We do have a lot of Bloomb

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