A small Arizona-based company announced an agreement to provide a wide range of financial data to Comtex News Network, Inc. QuoteMedia Inc. (OTXQB:QMCI) will be providing Comtex the data so that they can expand its automated content generation framework, which analyzes pricing and fundamental data looking for companies with interesting events and generates content about them.
QuoteMedia Inc. is a financial services provider. The company provides financial data, news feeds, market research information and financial software solutions to online brokerages, clearing firms, banks, financial service companies, media portals and public corporations. QuoteMedia's service offering encompasses a range of data, information and services, including streaming real-time data feeds, mobile/personal digital assistant (PDA) wireless solutions and portfolio management.
Traders seemed to be excited about the news as shares traded up to $0.12/share (+6.24%) following the news. This move is a strong continuation of the success the stock has found over the last couple of months.
