Tenfore's data Snapper deployed by over 100 financial institutions

Tenfore’s recently introduced Snapper product, launched earlier this year, has now been deployed at over 100 financial institutions and websites.

Snapper is designed to capture a “snap shot” of data from Tenfore’s Global Market Data Feed. Snapper’s benefit is three fold: it can provide custom snap shots (for any application not requiring streaming data); market close information (within two seconds of market close); or frequent updates (down to 5 minute intervals).

The Snapper software runs at Tenfore’s data centre and the data is made available via FTP[1] for the clients to download – ensuring maximum robustness and a minimum call on IT for businesses using Snapper.

Investment software provider ChartSmart, which provides a complete package for stock charting, screening and researching securities on the major US and Canadian stock exchanges, is one of the companies that has switched to using Tenfore’s Snapper.

Bob Stranks, owner of ChartSmart, said: “We have been using Tenfore end-of-day data for some time now and we find the data to be extremely reliable, up-to-date, and accurate. Tenfore offers a diverse number of data fields and is willing to customise the data to its customer needs. In addition, the fact that Tenfore makes available a secondary server with identical backup information is a valuable additional service.”

“We use Snapper so users can screen stocks on important fundamental information plus, by plotting fundamental information on stock charts, users can visually see the correlation between fundamental and technical stock trends. Snapper fills an important gap in the market: previously businesses that did not need real time data capture nonetheless had to purchase constantly streaming data as there was no other alternative. Financial organisations now do not need to pay for unneeded data requirements.”

Gordon Bloor, CEO Tenfore, said: “Snapper reflects our philosophy that businesses should only pay for what they need, and this is a straightforward solution for financial institutions and websites. By way of illustration, another client was paying around E15K per month for a fully streaming feed, and by switching to Snapper it meant we were able to reduce this by two-thirds.”