SunGard Releases New Version Of MarketMap Mobile

SunGard has released a new version of its MarketMap Mobile market data solution, accessible from a range of mobile devices. The solution is integrated with the online desktop application and has lower bandwidth requirements, helping make downloading and displaying market data content faster and more cost-effective. By transmitting less data, MarketMap Mobile helps reduce roaming and data downloading and usage costs. The new update timer option helps users further limit data costs by allowing them to choose how often they want to receive price changes and news.

The new version of SunGard’s MarketMap Mobile application helps address challenges - including cost, security concerns, and platform choice – that were cited by financial services firms in a recent SunGard survey as barriers to adopting mobile market data solutions. The survey on mobile market data solutions found that 61 percent of polled financial services firms, including trading and asset management firms, believe the adoption of mobile market data technology would help create business advantages, particularly in improved customer service.

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Robert Jeanbart, executive vice president and global head of SunGard’s MarketMap business unit, said, “The SunGard survey indicates that there is a growing opportunity for financial firms to reach their customers and prospects via mobile channels. There are several key technical considerations firms must address including which device and platform strategy and managing IT security concerns. What SunGard’s MarketMap offers can help firms overcome these obstacles, make data available faster and help financial services firms capitalise on the growing base of mobile market data users.”