QUODD expands its back office focused market data platform with bond data from S&P Global Market Intelligence
09 Julio 2024 - 6:00AM
Business Wire
Redistribution agreement aims to further enhance the integrated
experience with the QX Digital Platform
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.
About QUODD
QUODD is a leading global provider of market data on demand.
Servicing nearly 2,000 institutions across the financial services
industry, we offer our clients access to over 250 billion data
points across global equities, fixed income, indices, options,
futures, and end-of-day pricing from more than 150 international
exchanges, via one of our two key product sets: (1) QX Digital
Platform and (2) QX Marketplace. Powered by our proprietary
technology and cloud-based infrastructure, we enable customers to
source tailor-made data products in formats of their choice,
anytime, anywhere. Together with our flexible pricing model,
transparent billing process, and world-class support team, QUODD is
putting control back in the hands of data consumers across the
end-to-end fulfillment journey.
About NewSpring Holdings
NewSpring Holdings, NewSpring's majority investment strategy
focused on control buyouts and sector-specific platform builds,
brings a wealth of knowledge, experience, and resources to take
profitable, growing companies to the next level through
acquisitions and proven organic methodologies. Founded in 1999,
NewSpring partners with the innovators, makers, and operators of
high-performing companies in dynamic industries to catalyze new
growth and seize compelling opportunities. Having completed over
250 investments, the Firm manages $3.5 billion across five distinct
strategies covering the spectrum from growth equity and control
buyouts to mezzanine debt. Partnering with management teams to help
develop their businesses into market leaders, NewSpring identifies
opportunities and builds relationships using its network of
industry leaders and influencers across a wide array of operational
areas and industries. Visit NewSpring at
www.newspringcapital.com.
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Media BackBay Communications
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