Money.Net

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Money.Net
Money.Net product logo
Money.Net platform on a laptop
Developer(s) Money. Net Incorporated
Stable release ver. 4.15 / April 17, 2015
Operating system Microsoft Windows
Apple OS X
Linux
Apple iOS
Android
Type Financial software
License Proprietary software
Website http://www.money.net

Money.Net Inc. is a privately held financial data technology company and financial data vendor based in New York City.[1]

Money.Net provides real-time live streaming financial market information such as prices, breaking financial news, technical analysis charts, trade idea generation tools, and a spreadsheet API over the internet to individual investors, traders and institutional trading floors.[2][3]

The Money.Net product provides "access to real-time market data and trends for a sliver of what" traditional market data terminals cost.[4]

Money.Net's cloud-based product has several hundred thousand registered users.[5] The product has high usage rates with an average user logging on for 20 days per month.[6] The product is available on desktop and mobile devices.[7]

Reviews[edit]

The Money.Net product has been reviewed several times[8][9] by the Wall Street Journal for offering "affordable streaming real-time portfolios and ancillary tools."[10] The magazine Computerized Investing commented that the most recent version "added several new features to become more intuitive and user-friendly."[11]

The New York Times in a story describing a global system failure of the Bloomberg system describes Money.Net as an "..upstart hoping to challenge Bloomberg.."[12]

Recent updates[edit]

In early 2014, Morgan Downey, become Money.Net CEO. Prior to Money. Net, he had been the Global Head of commodities at Bloomberg LP.[13][14] Prior to Bloomberg LP, Morgan Downey was a successful commodities trader and author of the global bestselling book Oil 101.

In a profile by Entrepreneur Magazine, Morgan Downey said '“I realized after working with the terminal and actually working on the terminal offering for so many years that I could build my own," he says. "And better, for less money.”'[15]

References[edit]

  1. ^ "Money.Net - About". money.net. Retrieved 15 January 2014. 
  2. ^ "Money.net, Inc.: Private Company Information - Businessweek". investing.businessweek.com. Retrieved 15 January 2014. 
  3. ^ "Ex-Bloomberg exec challenging terminals with mobile platform". New York Post. Retrieved 20 October 2014. 
  4. ^ "An Entrepreneur Takes Aim at the Ubiquitous Bloomberg Terminal". entrepreneur.com. Retrieved 20 October 2014. 
  5. ^ "Money.net Expands Real-Time Streaming Portfolio and Introduces Premium Screamer Platinum Product. - Free Online Library". thefreelibrary.com. Retrieved 15 January 2014. 
  6. ^ http://www.business.att.com/content/customertestimonial/moneynet.pdf
  7. ^ "Money.net adds etf, mutual funds data, bows mobile apps". Waters Technology. Retrieved 2014-07-30. (subscription required (help)). 
  8. ^ Theresa W. Carey (2003-12-08). "New Tools for the Old Year". Wall Street Journal. Retrieved 2014-01-19. 
  9. ^ Kathy Yakal (2001-04-23). "Electronic Scoreboards". Wall Street Journal. Retrieved 2014-01-19. 
  10. ^ Kathy Yakal (2003-11-03). "Tasty Second Bananas". Wall Street Journal. Retrieved 2014-01-19. 
  11. ^ Jaclyn McClellan (2014-06-25). "Money.net Releases its 3.0 Version". Computerized Investing. Retrieved 2014-07-11. 
  12. ^ NATHANIEL POPPER and NEIL GOUGH (2015-04-17). "Bloomberg Terminals Suffer Widespread Failures". The New York Times. Retrieved 2015-04-17. 
  13. ^ "Money.net Nabs ex-Bloomberg Commodities Head as CEO - WatersTechnology". waterstechnology.com. Retrieved 2014-04-04. 
  14. ^ "MONEY.NET Names Morgan Downey as New CEO -- NEW YORK, Feb. 5, 2014 /PRNewswire/ --". prnewswire.com. Retrieved 2014-04-04. 
  15. ^ Matthew Torren (2015-02-26). "5 Tips to Create an Innovative Market Disrupter, From the Man Taking on Bloomberg". Entrepreneur Magazine. Retrieved 2015-04-17. 

External links[edit]