HUNTINGDON VALLEY, PA (PRWEB) March 13, 2006
Farlex, Inc., publisher of the world’s most comprehensive online database of reference information, has announced the launch of its new stock market tracking tools, customizable additions to Farlex’s flagship website, TheFreeDictionary.com. Farlex chose QuoteMedia, Inc. (OTCBB: QMCI), a leading provider of market data services and financial applications, to provide the market data capabilities, and signed a distribution deal with NASDAQ, with the goal of delivering up-to-date financial information to TheFreeDictionary.com’s users. The resulting financial application allows users to gather information about individual stocks and mutual funds, monitor portfolios, and track market trends.
The tools are natural additions to TheFreeDictionary.com’s information-rich homepage, and they dovetail with the site’s financial dictionary of over 8,000 fiscal terms. Like other customizable features on the homepage, these tools are contained in a moveable, collapsible box with a variety of preference options. The tools offer a stock symbol lookup, and are capable of charting the performance of different indices, including foreign markets.
Nick Simonov, co-founder and president of Farlex, says he is excited to add this feature to TheFreeDictionary’s homepage. “Financial information has been the most frequently requested feature since we launched the new homepage,” Simonov said. “We received a lot of positive feedback about our customizable weather feature, and users were actively requesting something similar for navigating the financial realm.”
Dave Shworan, QuoteMedia Ltd.’s CEO, says that he too is pleased with the relationship. “With more than 500,000 daily visitors, TheFreeDictionary.com is a major online destination,” Shworan said. “We are very happy to have been chosen to provide financial and market data to this broad audience.”
QuoteMedia (OTCBB: QMCI) is a leading software developer and syndicator of financial market information and streaming financial data solutions to media, corporations, online brokerages and financial services companies. The Company licenses interactive stock research tools such as streaming real-time quotes, market research, news, charting, option chains, NASDAQ level 2, TSX level 2, SEC filings, corporate financials, insider reports, market indices, portfolio management systems, and data feeds. QuoteMedia provides data and services for companies such as the NASDAQ, the OTCBB, Forbes.com, Scotia Capital, Southwest Securities, Automated Financial Systems, NF Clearing, FBRDirect, AIM Trimark, Zacks Investment Research, ChoiceTrade, QTrade, Schaeffer's Investment Research, WallStreet*E, Research In Motion (RIM) and others. For more information, please visit: http://www.quotemedia.com
NASDAQ is the largest U.S. electronic stock market. With approximately 3,300 companies, it lists more companies and, on average, trades more shares per day than any other U.S. market. It is home to category-defining companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks. Approximately 54% of NASDAQ-listed shares traded are reported to NASDAQ systems.
Launched in the spring of 2003, TheFreeDictionary.com has quickly become one of the most comprehensive reference resources on the Web. From its beginnings as a simple dictionary of everyday terms, TheFreeDictionary.com has grown to include medical, legal, and computer dictionaries, a thesaurus, several encyclopedias, a literature reference library, and a search engine. A prime online vehicle for active information seekers, TheFreeDictionary.com has been accessed by more than 250 million visitors.
About Farlex, Inc.:
Farlex, Inc. (http://www.farlex.com) is an independent, privately- held provider of online reference products based in Huntingdon Valley, PA. Founded in 2004, Farlex, Inc. provides innovative, easy-to-use reference and learning tools. Farlex’s flagship websites, TheFreeDictionary.com and TheFreeLibrary.com, contain over one million pages of literary and reference materials from the world’s most respected sources.