Migrating to a Scalable, High-Performance Chat Infrastructure When Benzinga needed to replace their “homegrown” chat functionality with a scalable, feature-rich version, they chose to integrate the Stream Chat API. The platform has a chat functionality for users to share trading ideas, discuss breaking news, and even converse with Benzinga’s knowledgeable editorial staff. Such tools include in-depth content created by Benzinga’s in-house newsdesk of financial reporters, and Benzinga Pro - a subscription platform with an intuitively designed workspace containing real-time market updates and a newsfeed of curated headlines with positive and negative sentiment indicators (which estimate the potential impact of a story on stock prices). The financial media company Benzinga, founded in 2010, is built upon the premise that successful trading hinges on real-time access to headlines that matter to investor portfolios.īased out of Detroit, Benzinga is on a mission to democratize financial information by providing individual investors with sophisticated tools to make informed trades before big price changes. About Benzingaĭid you know that nearly all stock price changes over 10% result from a single news headline? Whether it be a new CEO announcement, an exciting product launch, or a merger or acquisition, the news cycle is a powerful force that initiates significant market swings. Result: Benzinga Pro now has reliable chat functionality that helps the platform continue to build a community of more than 5,000+ engaged day traders. Strategy: Using Stream’s React SDK and components from the UI Kit, Benzinga Pro developers integrated the Stream Chat API into their platform within two to three months. Problem: As Benzinga acquired more subscribers, it was clear that the financial platform needed to replace their “homegrown” chat feature with a more reliable and feature-rich chat solution.
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