Barchart Joins List of FinTech Sandbox as Market Data Provider

Startups accepted to the Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term Sandbox program gained a new market data vendor to tap into their resources, as Barchart has joined as a partner. A non-profit organization, FinTech Sandbox is a consortium of financial and technology companies that provide subsidized or free services to fintech startups that are accepted into the program.

Joining the FinTech Sandbox, Barchart will be providing their market data services to startups in the program. Included in their list of services being offered are news and fundamental data, historical pricing, APIs, and end of day feeds for stocks, indices, futures and Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term instruments. Due to the costs involved with sourcing market data, for startups, they benefit by being able to gain access to market feeds and historical prices as they are developing and first scaling their financial products.

As part of FinTech Sandbox, Barchart joins other market data providers such as Xignite, Thomson Reuters and Six Financial Solutions. Mark Haraburda, Managing Director at Barchart commented about joining as he stated,

“Collaborating with FinTech Sandbox is an exciting step in helping start-ups acquire the data they need to develop their products and services."