QUODD, a comprehensive market data on-demand provider for the global financial services industry and a NewSpring Holdings platform company, today announced a key enhancement to its QX Digital Platform to include more comprehensive bond data from S&P Global Market Intelligence.
This complements the multi-year relationship with S&P Global Market Intelligence bond pricing data into QUODD’s industry-leading, end-of-day global pricing and reference data service for wealth management customers through its QX Automate API.
QUODD’s QX Digital platform provides a user-specific experience that features security look-up and query capabilities using predefined or custom templates, shortening mid to back office workflows that previously took hours, down to minutes. The digital experience provides the same comprehensive security pricing, reference data, and analytics across all asset classes that QUODD’s end of day service provides.
S&P Global Market Intelligence is a global leader in fixed income pricing evaluations and reference data and provides the QX Digital Platform with independent pricing and liquidity data for bonds to support back office processing. S&P Global Market Intelligence’s fixed income evaluation analysts aggregate robust transaction data to generate pricing content, covering almost three million corporate and sovereign bonds, municipal bonds, and securitized products.
S&P Global Market Intelligence’s bond pricing and reference data, in addition to the global equities and funds via QUODD, is now integrated within the QX Digital Platform. This allows for not only a display experience but a connection to downstream wealth management users for the integration of daily pricing, reference data, corporate actions, and more. The platform automates the data usage entitlements for each tailored workflow, helping institutions optimize their market data consumption.
“With S&P Global Market Intelligence’s bond data on QUODD’S QX Digital Platform, we are empowering institutional customers to harness data on demand, setting a new standard for agility and client-centric products,” says Bob Ward, CEO of QUODD. “Our focus on the mid to back office user allows institutions flexibility within their organization to maximize their market data spend by providing user specific information to more of their employees at a fraction of their current spend without sacrificing quality and improving workflow.”
“We provide the most innovative, robust and scalable solutions for financial institutions in the wealth management space. Offering our bond data along with QUODD’s equity data sets, we can deliver an integrated experience and tooling requirements across key asset classes that minimizes switching costs and improves workflow efficiencies,” said Tasha Gonska, Head of Pricing Valuations and Reference Data, S&P Global Market Intelligence
“Data consumption patterns have changed in the last few years, driven by a need for data on-demand without stringent usage restrictions. That’s why we’ve custom-built this platform with modern technology and delivery models to fulfill new expectations,” added Bob Ward, CEO of QUODD.
By on Tue, 09 Jul 2024 13:33:00 GMT
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