![]() ![]() 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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