cmn-moneycontrol

All has been quiet on the Network18 front for a while now. Web18, it’s digital arm, appears to have rolled out a public terminal interface for stock market updates, called ‘Terminal’.

Bizarrely, though, Moneycontrol has two interfaces live for Terminal. One is here at moneycontrol.com/terminal, which feeds for multiple BSE and NSE Indices.

moneycontrol-terminal-1

The other is at terminal.moneycontrol.com, and looks like an actual trading terminal. Different logos for Terminal too.

moneycontrol-terminal-2

The latter, as you can tell, is more of a terminal than the previous one. It has live TV feeds, key market info, news updates, a stock snapshot, last visited (across stocks, mutual funds and commodity). The dashboard allows you to add more widgets, once signed in: Technical stats, commodity stats, research reports (across stocks, mutual funds, commodity, currencies, sectors), corporate announcements, Future and Options stats (with lists like top gainers, losers, most active, active puts, active calls), and much more. There is some basic charting, and the level of detail available across widgets is excellent. Apart from this, visitors can simultaneously view live streams from CNBC-TV18, Awaaz and CNBC Bajar, CNN-IBN and IBN 7, which are all TV18 owned channels.

The dashboard allows only 6 widgets per dashboard (interestingly, “is designed to run on modern hardware with a minimum of 1 GB RAM”), but users can create more dashboards and move widgets around. Once signed in, they can create their own portfolio and a watchlist, and be delivered news specific to stocks in the portfolio.

Terminal lacks the simplicity of, say, Rediff Money, but offers so much more.

Monetization?

I’ve never seen a Bloomberg terminal, but suffice to say, Moneycontrol Terminal directly takes on that segment, for a broader, retail investor audience, by giving them access to information, and making it free. Bear in mind that the Bloomberg terminal is important because of the breadth of global information it brings, and more importantly, the speed. The speed is critical in an industry where micro-seconds matter, so much so that algorithms are used for trading. We’re not sure of how the MoneyControl terminal will monetize – there certainly doesn’t appear to be any space for any advertising. Someone please tell me why Terminal isn’t behind a paywall, because it’s a great product.