Stockgroupâs Financial Tools include market data, quotes, charts, portfolios, screeners, alerts, news, financial research tools and data feeds covering Canadian, US and international equity, option, index, mutual fund and futures/commodity markets. In total Stockgroup offers over thirty different Financial Tools modules ranging from comprehensive private-labeled solutions for investors, to custom and individual services tailored to a clientâs requirements. Stockgroupâs solutions support real-time, delayed, end-of-day and historical market data.
âThe Stockgroup acquisition aligns very well with our goal of continuing to expand our portfolio of market data and information services, clients and partners. Not only has Stockgroup been a premier provider of web-based financial tools and market data solutions since 1995, they have also established a significant set of clients and partners which was very appealing to us,â said Eero Pikat, President of Barchart. âAs their services aligned very closely with our own we were able to identify both areas for enhancements and key synergies,â added Pikat.
âThis acquisition is the right strategic move for our company and for our clients,â said Elliott Lipsey, President and CEO of Stockgroup. âIâm excited about the opportunities that will benefit our clients. Theyâll be pleased with the variety of new financial tools and data sets that Barchart will be able to deliver. Given the synergies between our businesses, their solid financial status and stable and reliable technical infrastructure, Barchart is well-positioned to support our clients through a seamless transition,â Lipsey added.
Along with the acquisition, Barchart will offer both existing and new clients an expanded set of financial content and tools, featuring the latest in web design, technology and functionality. Like Stockgroup, Barchart has offered its own set of private-labeled financial tools for third-party websites and market data feeds since 1995. Barchartâs clients base overlaps with Stockgroupâs in the financial services and media industries, yet also extends into other sectors like agricultural, energy, metals and foreign exchange.
âAs a result of the acquisition, we will be able to offer both our existing and new clients more data and more features which is a strong benefit,â said Pikat. âBarchart is very well positioned not only to continue to meet todayâs requirements for financial content, data and tools, but to also lead the way with new solutions that are innovative and robust,â added Pikat.