TradingView integrates market data from Boursa Kuwait
TradingView announced that it has increased data coverage to allow its users to receive information from and get free access to the intra-day and tick data from Boursa Kuwait.
Per the company’s statement, the latest batch of changes allows market participants to garner information and screen stocks for the exchange that provides access to some of the region’s biggest brands.
Established in 2014, Boursa Kuwait is the operator of the Kuwait Stock Exchange, the national stock market of Kuwait. The stock market in Kuwait is regulated by four bodies: the KSE, the Ministry of Commerce and Industry, the Ministry of Finance and the Central Bank of Kuwait.
According to the web-based charting provider, registered users will have access to the data of the newly added exchanges delayed by 15 minutes but with an option to upgrade their subscription to include real-time data. In addition, users will be able to scan the new marketplaces with its Stock Screener product and also have access to hotlists such as top gainers, losers, most active and more.
The practice of paid real-time access is common as you usually have to pay for a market data feed, which includes the fee to the consolidated market data provider and certain exchange fees.
“The partnership with TradingView will contribute to the realization of some of the core tenets of our strategy,” said Boursa Kuwait CEO Mohammad Saud Al-Osaimi. “Boursa Kuwait seeks to increase the investor base and facilitate access to the Kuwaiti capital market. The company is committed to the continuous development of the market, adopting international standards and practices as well as providing qualitative information across multiple channels — raising the status of our market and driving investments to it.”
TradingView CEO Denis Globa also commented on the partnership, saying: “This strategic partnership with Boursa Kuwait enables us to leverage TradingView’s unmatched reach and engagement with retail investors, to bring the Kuwaiti capital market and its participants to a wider audience worldwide. I am excited about the partnership with Boursa Kuwait, one of the most recognized stock exchanges in the Middle East.”
TradingView is a data-driven investor community, which is ranked among the top 300 websites in the world, powering over 40,000 other websites and providing social networks. The company’s approach differs from other social trading networks because it is chart-based with an emphasis on visuals to support investing and provide communal space to view and share trading ideas.
The data-driven investor community has hit over 50 million active users and is expanding globally with paying customers in over 200 countries worldwide. That compares to 2,000 visitors per day when TradingView first launched in 2011. The company’s solution had already been rising in popularity in recent years as it has successfully marketed itself as a provider of smooth HTML5 charts that encompass a diverse set of asset classes.