diff --git a/apps/api/src/app/admin/queue/queue.module.ts b/apps/api/src/app/admin/queue/queue.module.ts
index 4cfb79492..049ce8ea6 100644
--- a/apps/api/src/app/admin/queue/queue.module.ts
+++ b/apps/api/src/app/admin/queue/queue.module.ts
@@ -1,6 +1,7 @@
 import { DataGatheringQueueModule } from '@ghostfolio/api/services/queues/data-gathering/data-gathering.module';
 import { PortfolioSnapshotQueueModule } from '@ghostfolio/api/services/queues/portfolio-snapshot/portfolio-snapshot.module';
 import { StatisticsGatheringQueueModule } from '@ghostfolio/api/services/queues/statistics-gathering/statistics-gathering.module';
+import { WatchlistComputationQueueModule } from '@ghostfolio/api/services/queues/watchlist/watchlist.module';
 
 import { Module } from '@nestjs/common';
 
@@ -12,7 +13,8 @@ import { QueueService } from './queue.service';
   imports: [
     DataGatheringQueueModule,
     PortfolioSnapshotQueueModule,
-    StatisticsGatheringQueueModule
+    StatisticsGatheringQueueModule,
+    WatchlistComputationQueueModule
   ],
   providers: [QueueService]
 })
diff --git a/apps/api/src/app/admin/queue/queue.service.ts b/apps/api/src/app/admin/queue/queue.service.ts
index f47b3d3a1..6dc52becb 100644
--- a/apps/api/src/app/admin/queue/queue.service.ts
+++ b/apps/api/src/app/admin/queue/queue.service.ts
@@ -2,7 +2,8 @@ import {
   DATA_GATHERING_QUEUE,
   PORTFOLIO_SNAPSHOT_COMPUTATION_QUEUE,
   QUEUE_JOB_STATUS_LIST,
-  STATISTICS_GATHERING_QUEUE
+  STATISTICS_GATHERING_QUEUE,
+  WATCHLIST_COMPUTATION_QUEUE
 } from '@ghostfolio/common/config';
 import { AdminJobs } from '@ghostfolio/common/interfaces';
 
@@ -18,7 +19,9 @@ export class QueueService {
     @InjectQueue(PORTFOLIO_SNAPSHOT_COMPUTATION_QUEUE)
     private readonly portfolioSnapshotQueue: Queue,
     @InjectQueue(STATISTICS_GATHERING_QUEUE)
-    private readonly statisticsGatheringQueue: Queue
+    private readonly statisticsGatheringQueue: Queue,
+    @InjectQueue(WATCHLIST_COMPUTATION_QUEUE)
+    private readonly watchlistComputationQueue: Queue
   ) {}
 
   public async deleteJob(aId: string) {
@@ -28,6 +31,10 @@ export class QueueService {
       job = await this.portfolioSnapshotQueue.getJob(aId);
     }
 
+    if (!job) {
+      job = await this.watchlistComputationQueue.getJob(aId);
+    }
+
     return job?.remove();
   }
 
@@ -42,6 +49,7 @@ export class QueueService {
       await this.dataGatheringQueue.clean(300, queueStatus);
       await this.portfolioSnapshotQueue.clean(300, queueStatus);
       await this.statisticsGatheringQueue.clean(300, queueStatus);
+      await this.watchlistComputationQueue.clean(300, queueStatus);
     }
   }
 
@@ -52,6 +60,10 @@ export class QueueService {
       job = await this.portfolioSnapshotQueue.getJob(aId);
     }
 
+    if (!job) {
+      job = await this.watchlistComputationQueue.getJob(aId);
+    }
+
     return job?.promote();
   }
 
@@ -62,18 +74,24 @@ export class QueueService {
     limit?: number;
     status?: JobStatus[];
   }): Promise<AdminJobs> {
-    const [dataGatheringJobs, portfolioSnapshotJobs, statisticsGatheringJobs] =
-      await Promise.all([
-        this.dataGatheringQueue.getJobs(status),
-        this.portfolioSnapshotQueue.getJobs(status),
-        this.statisticsGatheringQueue.getJobs(status)
-      ]);
+    const [
+      dataGatheringJobs,
+      portfolioSnapshotJobs,
+      statisticsGatheringJobs,
+      watchlistComputationJobs
+    ] = await Promise.all([
+      this.dataGatheringQueue.getJobs(status),
+      this.portfolioSnapshotQueue.getJobs(status),
+      this.statisticsGatheringQueue.getJobs(status),
+      this.watchlistComputationQueue.getJobs(status)
+    ]);
 
     const jobsWithState = await Promise.all(
       [
         ...dataGatheringJobs,
         ...portfolioSnapshotJobs,
-        ...statisticsGatheringJobs
+        ...statisticsGatheringJobs,
+        ...watchlistComputationJobs
       ]
         .filter((job) => {
           return job;
diff --git a/apps/api/src/app/app.module.ts b/apps/api/src/app/app.module.ts
index 0a27faa64..201183904 100644
--- a/apps/api/src/app/app.module.ts
+++ b/apps/api/src/app/app.module.ts
@@ -10,6 +10,7 @@ import { PrismaModule } from '@ghostfolio/api/services/prisma/prisma.module';
 import { PropertyModule } from '@ghostfolio/api/services/property/property.module';
 import { DataGatheringQueueModule } from '@ghostfolio/api/services/queues/data-gathering/data-gathering.module';
 import { PortfolioSnapshotQueueModule } from '@ghostfolio/api/services/queues/portfolio-snapshot/portfolio-snapshot.module';
+import { WatchlistComputationQueueModule } from '@ghostfolio/api/services/queues/watchlist/watchlist.module';
 import {
   BULL_BOARD_ROUTE,
   DEFAULT_LANGUAGE_CODE,
@@ -167,6 +168,7 @@ import { UserModule } from './user/user.module';
     SymbolModule,
     TagsModule,
     UserModule,
+    WatchlistComputationQueueModule,
     WatchlistModule
   ],
   providers: [I18nService]
diff --git a/apps/api/src/app/endpoints/watchlist/interfaces/watchlist-value.interface.ts b/apps/api/src/app/endpoints/watchlist/interfaces/watchlist-value.interface.ts
new file mode 100644
index 000000000..36f2aa201
--- /dev/null
+++ b/apps/api/src/app/endpoints/watchlist/interfaces/watchlist-value.interface.ts
@@ -0,0 +1,6 @@
+import { WatchlistResponse } from '@ghostfolio/common/interfaces';
+
+export interface WatchlistValue {
+  expiration: number;
+  watchlist: WatchlistResponse['watchlist'];
+}
diff --git a/apps/api/src/app/endpoints/watchlist/watchlist.module.ts b/apps/api/src/app/endpoints/watchlist/watchlist.module.ts
index 9b4b960a0..8c824e7fc 100644
--- a/apps/api/src/app/endpoints/watchlist/watchlist.module.ts
+++ b/apps/api/src/app/endpoints/watchlist/watchlist.module.ts
@@ -1,11 +1,11 @@
+import { RedisCacheModule } from '@ghostfolio/api/app/redis-cache/redis-cache.module';
 import { TransformDataSourceInRequestModule } from '@ghostfolio/api/interceptors/transform-data-source-in-request/transform-data-source-in-request.module';
 import { TransformDataSourceInResponseModule } from '@ghostfolio/api/interceptors/transform-data-source-in-response/transform-data-source-in-response.module';
-import { BenchmarkModule } from '@ghostfolio/api/services/benchmark/benchmark.module';
 import { DataProviderModule } from '@ghostfolio/api/services/data-provider/data-provider.module';
 import { ImpersonationModule } from '@ghostfolio/api/services/impersonation/impersonation.module';
-import { MarketDataModule } from '@ghostfolio/api/services/market-data/market-data.module';
 import { PrismaModule } from '@ghostfolio/api/services/prisma/prisma.module';
 import { DataGatheringQueueModule } from '@ghostfolio/api/services/queues/data-gathering/data-gathering.module';
+import { WatchlistComputationQueueModule } from '@ghostfolio/api/services/queues/watchlist/watchlist.module';
 import { SymbolProfileModule } from '@ghostfolio/api/services/symbol-profile/symbol-profile.module';
 
 import { Module } from '@nestjs/common';
@@ -16,15 +16,15 @@ import { WatchlistService } from './watchlist.service';
 @Module({
   controllers: [WatchlistController],
   imports: [
-    BenchmarkModule,
     DataGatheringQueueModule,
     DataProviderModule,
     ImpersonationModule,
-    MarketDataModule,
     PrismaModule,
+    RedisCacheModule,
     SymbolProfileModule,
     TransformDataSourceInRequestModule,
-    TransformDataSourceInResponseModule
+    TransformDataSourceInResponseModule,
+    WatchlistComputationQueueModule
   ],
   providers: [WatchlistService]
 })
diff --git a/apps/api/src/app/endpoints/watchlist/watchlist.service.ts b/apps/api/src/app/endpoints/watchlist/watchlist.service.ts
index 666023dbf..285a352d7 100644
--- a/apps/api/src/app/endpoints/watchlist/watchlist.service.ts
+++ b/apps/api/src/app/endpoints/watchlist/watchlist.service.ts
@@ -1,23 +1,34 @@
-import { BenchmarkService } from '@ghostfolio/api/services/benchmark/benchmark.service';
+import { RedisCacheService } from '@ghostfolio/api/app/redis-cache/redis-cache.service';
 import { DataProviderService } from '@ghostfolio/api/services/data-provider/data-provider.service';
-import { MarketDataService } from '@ghostfolio/api/services/market-data/market-data.service';
 import { PrismaService } from '@ghostfolio/api/services/prisma/prisma.service';
 import { DataGatheringService } from '@ghostfolio/api/services/queues/data-gathering/data-gathering.service';
+import { WatchlistComputationService } from '@ghostfolio/api/services/queues/watchlist/watchlist-computation.service';
 import { SymbolProfileService } from '@ghostfolio/api/services/symbol-profile/symbol-profile.service';
+import {
+  WATCHLIST_COMPUTATION_QUEUE_PRIORITY_HIGH,
+  WATCHLIST_COMPUTATION_QUEUE_PRIORITY_LOW,
+  WATCHLIST_PROCESS_JOB_NAME,
+  WATCHLIST_PROCESS_JOB_OPTIONS
+} from '@ghostfolio/common/config';
 import { WatchlistResponse } from '@ghostfolio/common/interfaces';
 
-import { BadRequestException, Injectable } from '@nestjs/common';
+import { BadRequestException, Injectable, Logger } from '@nestjs/common';
 import { DataSource, Prisma } from '@prisma/client';
+import { isAfter } from 'date-fns';
+
+import { WatchlistValue } from './interfaces/watchlist-value.interface';
 
 @Injectable()
 export class WatchlistService {
+  private readonly logger = new Logger(WatchlistService.name);
+
   public constructor(
-    private readonly benchmarkService: BenchmarkService,
     private readonly dataGatheringService: DataGatheringService,
     private readonly dataProviderService: DataProviderService,
-    private readonly marketDataService: MarketDataService,
     private readonly prismaService: PrismaService,
-    private readonly symbolProfileService: SymbolProfileService
+    private readonly redisCacheService: RedisCacheService,
+    private readonly symbolProfileService: SymbolProfileService,
+    private readonly watchlistComputationService: WatchlistComputationService
   ) {}
 
   public async createWatchlistItem({
@@ -66,6 +77,10 @@ export class WatchlistService {
       },
       where: { id: userId }
     });
+
+    await this.redisCacheService.remove(
+      this.redisCacheService.getWatchlistKey({ userId })
+    );
   }
 
   public async deleteWatchlistItem({
@@ -87,69 +102,69 @@ export class WatchlistService {
       },
       where: { id: userId }
     });
+
+    await this.redisCacheService.remove(
+      this.redisCacheService.getWatchlistKey({ userId })
+    );
   }
 
   public async getWatchlistItems(
     userId: string
   ): Promise<WatchlistResponse['watchlist']> {
-    const user = await this.prismaService.user.findUnique({
-      select: {
-        watchlist: {
-          select: { dataSource: true, symbol: true }
-        }
-      },
-      where: { id: userId }
-    });
+    let cachedWatchlist: WatchlistResponse['watchlist'];
+    let isCachedWatchlistExpired = false;
+
+    try {
+      const cachedWatchlistValue = await this.redisCacheService.get(
+        this.redisCacheService.getWatchlistKey({ userId })
+      );
 
-    const [assetProfiles, quotes] = await Promise.all([
-      this.symbolProfileService.getSymbolProfiles(user.watchlist),
-      this.dataProviderService.getQuotes({
-        items: user.watchlist.map(({ dataSource, symbol }) => {
-          return { dataSource, symbol };
-        })
-      })
-    ]);
-
-    const watchlist = await Promise.all(
-      user.watchlist.map(async ({ dataSource, symbol }) => {
-        const assetProfile = assetProfiles.find((profile) => {
-          return profile.dataSource === dataSource && profile.symbol === symbol;
+      const { expiration, watchlist }: WatchlistValue =
+        JSON.parse(cachedWatchlistValue);
+
+      cachedWatchlist = watchlist;
+
+      if (isAfter(new Date(), new Date(expiration))) {
+        isCachedWatchlistExpired = true;
+      }
+    } catch {}
+
+    if (cachedWatchlist) {
+      this.logger.debug(`Fetched watchlist of user '${userId}' from cache`);
+
+      if (isCachedWatchlistExpired) {
+        // Compute in the background
+        this.watchlistComputationService.addJobToQueue({
+          data: { userId },
+          name: WATCHLIST_PROCESS_JOB_NAME,
+          opts: {
+            ...WATCHLIST_PROCESS_JOB_OPTIONS,
+            jobId: userId,
+            priority: WATCHLIST_COMPUTATION_QUEUE_PRIORITY_LOW
+          }
         });
+      }
 
-        const [allTimeHigh, trends] = await Promise.all([
-          this.marketDataService.getMax({
-            dataSource,
-            symbol
-          }),
-          this.benchmarkService.getBenchmarkTrends({ dataSource, symbol })
-        ]);
-
-        const performancePercent =
-          this.benchmarkService.calculateChangeInPercentage(
-            allTimeHigh?.marketPrice,
-            quotes[symbol]?.marketPrice
-          );
-
-        return {
-          dataSource,
-          symbol,
-          marketCondition:
-            this.benchmarkService.getMarketCondition(performancePercent),
-          name: assetProfile?.name,
-          performances: {
-            allTimeHigh: {
-              performancePercent,
-              date: allTimeHigh?.date
-            }
-          },
-          trend50d: trends.trend50d,
-          trend200d: trends.trend200d
-        };
-      })
-    );
+      return cachedWatchlist;
+    }
 
-    return watchlist.sort((a, b) => {
-      return a.name.localeCompare(b.name);
+    // Wait for computation
+    await this.watchlistComputationService.addJobToQueue({
+      data: { userId },
+      name: WATCHLIST_PROCESS_JOB_NAME,
+      opts: {
+        ...WATCHLIST_PROCESS_JOB_OPTIONS,
+        jobId: userId,
+        priority: WATCHLIST_COMPUTATION_QUEUE_PRIORITY_HIGH
+      }
     });
+
+    const job = await this.watchlistComputationService.getJob(userId);
+
+    if (job) {
+      await job.finished();
+    }
+
+    return this.getWatchlistItems(userId);
   }
 }
diff --git a/apps/api/src/app/redis-cache/redis-cache.service.ts b/apps/api/src/app/redis-cache/redis-cache.service.ts
index b87740f8c..8dc8dbc96 100644
--- a/apps/api/src/app/redis-cache/redis-cache.service.ts
+++ b/apps/api/src/app/redis-cache/redis-cache.service.ts
@@ -76,6 +76,10 @@ export class RedisCacheService {
     return `quote-${getAssetProfileIdentifier({ dataSource, symbol })}`;
   }
 
+  public getWatchlistKey({ userId }: { userId: string }) {
+    return `watchlist-${userId}`;
+  }
+
   public async isHealthy() {
     const HEALTH_CHECK_TIMEOUT = ms('5 seconds');
 
diff --git a/apps/api/src/services/queues/watchlist/interfaces/watchlist-queue-job.interface.ts b/apps/api/src/services/queues/watchlist/interfaces/watchlist-queue-job.interface.ts
new file mode 100644
index 000000000..947724dc0
--- /dev/null
+++ b/apps/api/src/services/queues/watchlist/interfaces/watchlist-queue-job.interface.ts
@@ -0,0 +1,3 @@
+export interface WatchlistQueueJob {
+  userId: string;
+}
diff --git a/apps/api/src/services/queues/watchlist/watchlist-computation.service.ts b/apps/api/src/services/queues/watchlist/watchlist-computation.service.ts
new file mode 100644
index 000000000..8201fcebd
--- /dev/null
+++ b/apps/api/src/services/queues/watchlist/watchlist-computation.service.ts
@@ -0,0 +1,31 @@
+import { WATCHLIST_COMPUTATION_QUEUE } from '@ghostfolio/common/config';
+
+import { InjectQueue } from '@nestjs/bull';
+import { Injectable } from '@nestjs/common';
+import { JobOptions, Queue } from 'bull';
+
+import { WatchlistQueueJob } from './interfaces/watchlist-queue-job.interface';
+
+@Injectable()
+export class WatchlistComputationService {
+  public constructor(
+    @InjectQueue(WATCHLIST_COMPUTATION_QUEUE)
+    private readonly watchlistComputationQueue: Queue
+  ) {}
+
+  public async addJobToQueue({
+    data,
+    name,
+    opts
+  }: {
+    data: WatchlistQueueJob;
+    name: string;
+    opts?: JobOptions;
+  }) {
+    return this.watchlistComputationQueue.add(name, data, opts);
+  }
+
+  public async getJob(jobId: string) {
+    return this.watchlistComputationQueue.getJob(jobId);
+  }
+}
diff --git a/apps/api/src/services/queues/watchlist/watchlist.module.ts b/apps/api/src/services/queues/watchlist/watchlist.module.ts
new file mode 100644
index 000000000..50245854a
--- /dev/null
+++ b/apps/api/src/services/queues/watchlist/watchlist.module.ts
@@ -0,0 +1,52 @@
+import { RedisCacheModule } from '@ghostfolio/api/app/redis-cache/redis-cache.module';
+import { BenchmarkModule } from '@ghostfolio/api/services/benchmark/benchmark.module';
+import { ConfigurationModule } from '@ghostfolio/api/services/configuration/configuration.module';
+import { DataProviderModule } from '@ghostfolio/api/services/data-provider/data-provider.module';
+import { MarketDataModule } from '@ghostfolio/api/services/market-data/market-data.module';
+import { PrismaModule } from '@ghostfolio/api/services/prisma/prisma.module';
+import { WatchlistComputationService } from '@ghostfolio/api/services/queues/watchlist/watchlist-computation.service';
+import { SymbolProfileModule } from '@ghostfolio/api/services/symbol-profile/symbol-profile.module';
+import {
+  DEFAULT_PROCESSOR_WATCHLIST_COMPUTATION_TIMEOUT,
+  WATCHLIST_COMPUTATION_QUEUE
+} from '@ghostfolio/common/config';
+
+import { BullAdapter } from '@bull-board/api/bullAdapter';
+import { BullBoardModule } from '@bull-board/nestjs';
+import { BullModule } from '@nestjs/bull';
+import { Module } from '@nestjs/common';
+
+import { WatchlistProcessor } from './watchlist.processor';
+
+@Module({
+  exports: [BullModule, WatchlistComputationService],
+  imports: [
+    BenchmarkModule,
+    BullBoardModule.forFeature({
+      adapter: BullAdapter,
+      name: WATCHLIST_COMPUTATION_QUEUE,
+      options: {
+        displayName: 'Watchlist Computation',
+        readOnlyMode: process.env.BULL_BOARD_IS_READ_ONLY !== 'false'
+      }
+    }),
+    BullModule.registerQueue({
+      name: WATCHLIST_COMPUTATION_QUEUE,
+      settings: {
+        lockDuration: parseInt(
+          process.env.PROCESSOR_WATCHLIST_COMPUTATION_TIMEOUT ??
+            DEFAULT_PROCESSOR_WATCHLIST_COMPUTATION_TIMEOUT.toString(),
+          10
+        )
+      }
+    }),
+    ConfigurationModule,
+    DataProviderModule,
+    MarketDataModule,
+    PrismaModule,
+    RedisCacheModule,
+    SymbolProfileModule
+  ],
+  providers: [WatchlistComputationService, WatchlistProcessor]
+})
+export class WatchlistComputationQueueModule {}
diff --git a/apps/api/src/services/queues/watchlist/watchlist.processor.ts b/apps/api/src/services/queues/watchlist/watchlist.processor.ts
new file mode 100644
index 000000000..b5c5cf815
--- /dev/null
+++ b/apps/api/src/services/queues/watchlist/watchlist.processor.ts
@@ -0,0 +1,152 @@
+import { WatchlistValue } from '@ghostfolio/api/app/endpoints/watchlist/interfaces/watchlist-value.interface';
+import { RedisCacheService } from '@ghostfolio/api/app/redis-cache/redis-cache.service';
+import { BenchmarkService } from '@ghostfolio/api/services/benchmark/benchmark.service';
+import { ConfigurationService } from '@ghostfolio/api/services/configuration/configuration.service';
+import { DataProviderService } from '@ghostfolio/api/services/data-provider/data-provider.service';
+import { MarketDataService } from '@ghostfolio/api/services/market-data/market-data.service';
+import { PrismaService } from '@ghostfolio/api/services/prisma/prisma.service';
+import { SymbolProfileService } from '@ghostfolio/api/services/symbol-profile/symbol-profile.service';
+import {
+  CACHE_TTL_INFINITE,
+  DEFAULT_PROCESSOR_WATCHLIST_COMPUTATION_CONCURRENCY,
+  WATCHLIST_COMPUTATION_QUEUE,
+  WATCHLIST_PROCESS_JOB_NAME
+} from '@ghostfolio/common/config';
+import { WatchlistResponse } from '@ghostfolio/common/interfaces';
+
+import { Process, Processor } from '@nestjs/bull';
+import { Injectable, Logger } from '@nestjs/common';
+import { Job } from 'bull';
+import { addMilliseconds } from 'date-fns';
+
+import { WatchlistQueueJob } from './interfaces/watchlist-queue-job.interface';
+
+@Injectable()
+@Processor(WATCHLIST_COMPUTATION_QUEUE)
+export class WatchlistProcessor {
+  private readonly logger = new Logger(WatchlistProcessor.name);
+
+  public constructor(
+    private readonly benchmarkService: BenchmarkService,
+    private readonly configurationService: ConfigurationService,
+    private readonly dataProviderService: DataProviderService,
+    private readonly marketDataService: MarketDataService,
+    private readonly prismaService: PrismaService,
+    private readonly redisCacheService: RedisCacheService,
+    private readonly symbolProfileService: SymbolProfileService
+  ) {}
+
+  @Process({
+    concurrency: parseInt(
+      process.env.PROCESSOR_WATCHLIST_COMPUTATION_CONCURRENCY ??
+        DEFAULT_PROCESSOR_WATCHLIST_COMPUTATION_CONCURRENCY.toString(),
+      10
+    ),
+    name: WATCHLIST_PROCESS_JOB_NAME
+  })
+  public async calculateWatchlist(job: Job<WatchlistQueueJob>) {
+    try {
+      const startTime = performance.now();
+      const { userId } = job.data;
+
+      this.logger.log(
+        `Watchlist calculation of user '${userId}' has been started`
+      );
+
+      const user = await this.prismaService.user.findUnique({
+        select: {
+          watchlist: {
+            select: { dataSource: true, symbol: true }
+          }
+        },
+        where: { id: userId }
+      });
+
+      const [assetProfiles, quotes] = await Promise.all([
+        this.symbolProfileService.getSymbolProfiles(user.watchlist),
+        this.dataProviderService.getQuotes({
+          items: user.watchlist.map(({ dataSource, symbol }) => {
+            return { dataSource, symbol };
+          })
+        })
+      ]);
+
+      let isComplete = user.watchlist.length > 0;
+
+      const watchlist: WatchlistResponse['watchlist'] = await Promise.all(
+        user.watchlist.map(async ({ dataSource, symbol }) => {
+          const assetProfile = assetProfiles.find((profile) => {
+            return (
+              profile.dataSource === dataSource && profile.symbol === symbol
+            );
+          });
+
+          const [allTimeHigh, trends] = await Promise.all([
+            this.marketDataService.getMax({
+              dataSource,
+              symbol
+            }),
+            this.benchmarkService.getBenchmarkTrends({ dataSource, symbol })
+          ]);
+
+          if (!allTimeHigh?.marketPrice || !quotes[symbol]?.marketPrice) {
+            isComplete = false;
+          }
+
+          const performancePercent =
+            this.benchmarkService.calculateChangeInPercentage(
+              allTimeHigh?.marketPrice,
+              quotes[symbol]?.marketPrice
+            );
+
+          return {
+            dataSource,
+            symbol,
+            marketCondition:
+              this.benchmarkService.getMarketCondition(performancePercent),
+            name: assetProfile?.name,
+            performances: {
+              allTimeHigh: {
+                performancePercent,
+                date: allTimeHigh?.date
+              }
+            },
+            trend50d: trends.trend50d,
+            trend200d: trends.trend200d
+          };
+        })
+      );
+
+      const sortedWatchlist = watchlist.sort((a, b) => {
+        return a.name.localeCompare(b.name);
+      });
+
+      this.logger.log(
+        `Watchlist calculation of user '${userId}' has been completed in ${(
+          (performance.now() - startTime) /
+          1000
+        ).toFixed(3)} seconds`
+      );
+
+      const expiration = addMilliseconds(
+        new Date(),
+        isComplete ? this.configurationService.get('CACHE_QUOTES_TTL') : 0
+      );
+
+      await this.redisCacheService.set(
+        this.redisCacheService.getWatchlistKey({ userId }),
+        JSON.stringify({
+          expiration: expiration.getTime(),
+          watchlist: sortedWatchlist
+        } as WatchlistValue),
+        CACHE_TTL_INFINITE
+      );
+
+      return sortedWatchlist;
+    } catch (error) {
+      this.logger.error(error);
+
+      throw new Error(error);
+    }
+  }
+}
diff --git a/libs/common/src/lib/config.ts b/libs/common/src/lib/config.ts
index 7e7cd2ba5..3745b8681 100644
--- a/libs/common/src/lib/config.ts
+++ b/libs/common/src/lib/config.ts
@@ -79,6 +79,10 @@ export const PORTFOLIO_SNAPSHOT_COMPUTATION_QUEUE_PRIORITY_LOW =
 
 export const STATISTICS_GATHERING_QUEUE = 'STATISTICS_GATHERING_QUEUE';
 
+export const WATCHLIST_COMPUTATION_QUEUE = 'WATCHLIST_COMPUTATION_QUEUE';
+export const WATCHLIST_COMPUTATION_QUEUE_PRIORITY_HIGH = 1;
+export const WATCHLIST_COMPUTATION_QUEUE_PRIORITY_LOW = Number.MAX_SAFE_INTEGER;
+
 export const DEFAULT_COLOR_SCHEME: ColorScheme = 'LIGHT';
 export const DEFAULT_CURRENCY = 'USD';
 export const DEFAULT_DATE_FORMAT_MONTH_YEAR = 'MMM yyyy';
@@ -91,6 +95,8 @@ export const DEFAULT_PROCESSOR_GATHER_ASSET_PROFILE_CONCURRENCY = 1;
 export const DEFAULT_PROCESSOR_GATHER_HISTORICAL_MARKET_DATA_CONCURRENCY = 1;
 export const DEFAULT_PROCESSOR_PORTFOLIO_SNAPSHOT_COMPUTATION_CONCURRENCY = 1;
 export const DEFAULT_PROCESSOR_PORTFOLIO_SNAPSHOT_COMPUTATION_TIMEOUT = 30000;
+export const DEFAULT_PROCESSOR_WATCHLIST_COMPUTATION_CONCURRENCY = 1;
+export const DEFAULT_PROCESSOR_WATCHLIST_COMPUTATION_TIMEOUT = 30000;
 
 export const DEFAULT_REDACTED_PATHS = [
   'accounts[*].balance',
@@ -221,6 +227,11 @@ export const PORTFOLIO_SNAPSHOT_PROCESS_JOB_OPTIONS: JobOptions = {
   removeOnComplete: true
 };
 
+export const WATCHLIST_PROCESS_JOB_NAME = 'WATCHLIST';
+export const WATCHLIST_PROCESS_JOB_OPTIONS: JobOptions = {
+  removeOnComplete: true
+};
+
 export const HEADER_KEY_IMPERSONATION = 'Impersonation-Id';
 export const HEADER_KEY_TIMEZONE = 'Timezone';
 export const HEADER_KEY_TOKEN = 'Authorization';