stox.com Inc. has unveiled its market data Web
site www.stox.com.
The new service is the result of 18 months work in building a private network
that connects directly to the North American equities markets as well as
information and analytic sources.
The company will offer a free version of the site providing content from the
industry information sources including analyst and broker ratings, insider
trading reports, advanced charting, and more.
Users will then be able to upgrade to receive real-time information in
economical packages ranging from $29.95 to $39.95 plus applicable exchange
fees.
Depending on the package, services include: real-time streaming quotes,
indepth analysis and financials, real-time news, real-time quotes, trade
history and house positions, real-time market indices, real-time portfolios,
access to real-time streaming market depth and Nasdaq level ii, and
real-time alerts by e-mail, pager, or cell phone.
According to stox.com, an estimated 25-30 percent of all trades conducted by
individuals are now done online, and the online trading industry added 1.2
million accounts in the first quarter of 1999.
Nevertheless, there are only approximately 100 online brokerage firms, with
online trading accounting for only 14 percent of all stock trading.
Stox.com is aiming to provide many of the thousands of other brokerage
firms with the products and services they need to successfully enter the
online financial services market.
The company leverages its global private network to deliver solutions for
the development of online trading systems, real-time market data and
financial information, and private labeled Web applications for the online
financial community.