July 7, 2013
/PRNewswire/ -- Tencent, the leading provider of comprehensive internet services in
, today jointly announced with the NASDAQ OMX Group that, Tencent's mobile application
Portfolio has become the only mobile stock application in
to provide Chinese investors with free access to real-time, intraday trade data for all securities traded on NASDAQ systems, under NASDAQ's authorization. To symbolize the commencement of the cooperation between NASDAQ and
, NASDAQ has projected
Portfolio's advertisement on its huge screen on the NASDAQ MarketSite Tower in
New York City
At present, U.S stock trading data offered by
portals and vertical financial websites are usually delayed by 15 minutes or are operated with BATS (Better Alternative Trading System), a small-sized e-trading platform based in the U.S. that only offers real-time data for a limited number of stocks sold on US exchanges. The lack of real-time data has put Chinese investors at a disadvantage when trading on the primary exchanges in the U.S. At a time when traders buy and sell stocks very quickly based on the latest news, delayed information could no longer satisfy Chinese investors' demands.
Currently, investment in U.S stocks is heating up, but none of the financial institutions in
have been able to provide free real-time U.S exchange quotes to Chinese investors. "We are elated to place real-time market data in the hands of tens of millions of investors in
, Senior Vice President, NASDAQ OMX Global Data Products, "With NASDAQ Last Sale,
subscribers have instant access to the best-priced stock quotes and last sale data in all U.S.-listed securities, enabling them to be better informed when making trading decisions."
Portfolio, as the only authorized mobile application approved by NASDAQ, can now provide free access to real-time updates of U.S stock-trading information on both the iPhone and Android platforms.
is a fast-moving company and today's announcement is expected to ignite a reshuffling of the industry.
Portfolio will not only stand out from competing stock applications, but will also stimulate the industry to pay close attention to offering real-time equity data services.
The Vice President of
Mobile Media Product
said, "The real-time quote service offered by
Portfolio will cover all stocks listed in the U.S. exchanges. Following the rollout of free real-time data for the
exchanges, we are now doing the same for the U.S.
Portfolio aims to provide a free service to investors that includes the latest and most precise stock quotes so they can accurately grasp the investment opportunity."
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for information; as well as our eCommerce open platform. Our company was founded in
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