Microsoft has partnered with Nasdaq and market info provider Refinitiv to allow users to get access to an increased collection of financial information in real-time. This will supposedly enhance the experience of tracking stocks using from within Microsoft’s spreadsheet editing application.
Microsoft Excel is the industry’s leading spreadsheet program which is a powerful data visualization and analysis tool used by more than 1.2 billion people across the world. Excel supports features like calculation, analytics and graphing tools, pivot tables, and a programming language to build and power applications. Microsoft and Nasdaq now together will empower Excel users to track the latest stock prices, trading volume and more, without ever leaving Excel to search outside sources.
This new partnership will now bring real-time data tracking straight from the Nasdaq Stock Market along with the financial markets data from Refinitiv to help users of Excel to track their stocks and manage their portfolios with ease. Apart from tracking stock prices, trading volume, and other financial information straight from within Excel, users will now also be able to keep up with bitcoin, bonds, foreign currencies, extended-hours pricing information, and various company data
“At Microsoft, our mission is to enable every person to achieve more,” said Rob Howard, Senior Director, Microsoft. “Pulling real-time and historical U.S. equity data from Nasdaq right into Excel helps users track personal investments better and make informed decisions faster.”
“Expanding the reach of real-time market data is essential to making markets more accessible,” said Oliver Albers, Senior Vice President and Head of Strategic Partnerships for Nasdaq’s Global Information Services. He further added, “Our collaboration with Microsoft is a significant step towards bringing important market information to individual investors. Microsoft’s focus on empowering individuals aligns perfectly with our mission to make financial markets more inclusive.”
Microsoft first introduced the Stocks data type back into Excel back in March 2018, and now, more than a year later, the feature is getting much more useful with Nasdaq partnership. Microsoft says the company will continue to expand on today’s update and will keep on introducing things like the ability to automatically update stock prices every few minutes, as well as the ability to view historical data.