Benzinga on Tuesday formally announced the launch of the Benzinga Market Newswires API, the most widely used newswire by North American Brokerages, through Nasdaq Cloud Data Service (NCDS).

About: In bridging the gap between retail and institutional investors, Benzinga comes as a holistic solution for high-quality, low-cost, timely content. Its core product portfolio consists of institutional-grade newswires, analytics software, and data services that are easy to consume and help users better act on market intelligence.

In a commitment to helping investors achieve the next stage of their growth, Benzinga also hosts in-person thought leadership, networking and educational events.

What Happened: As part of a vision to democratize access to actionable and timely stock market information, Benzinga partnered with Nasdaq Inc (NASDAQ:NDAQ).

Through this new partnership, the businesses that rely on Nasdaq for data will be able to tap into Benzinga’s Market Newswires feed, with ease, unlocking access to content crafted by a team of in-house reporters, analysts, and editors.

See Also: Benzinga Announces Investment In Crypto As Part Of Corporate Treasury Strategy

Newswires include individual stock coverage, Canadian asset coverage, cryptocurrency, macroeconomics, and innovations such as the Why-is-it-Moving API, which gives the 1-sentence reason why a stock is trading higher or lower on a given day.

"We are incredibly excited to expand our long-standing partnership with Nasdaq," says Jason Raznick, CEO and Founder of Benzinga. "Benzinga news is the choice for traders & investors, powering the world's largest brokerages and fintech challengers. This news partnership with Nasdaq is natural as we are both working to drive transparency in financial markets."

Why It Matters: In light of the data explosion, market participants are looking for better ways to derive and act on actionable insights.