Real-Time Market Data from QUODD Financial Now Available on Apex Platform

Apex and QUODD have entered a strategic data partnership to provide Apex clients with direct access to valuable financial market data that drives investing and trading applications

Apex Fintech Solutions (“Apex”) and QUODD Financial Information Services (“QUODD”), a business unit of Financeware, a NewSpring Holdings platform company, have announced a strategic data partnership to offer access to real-time market data feeds to deliver pricing information and Vendor of Record services.

Apex’s network of clients, which include online brokerages, institutional traders, traditional wealth managers, digital banks and wealth-tech providers, and consumer brands, is expected to benefit from QUODD’s comprehensive offering of market display data and Vendor of Record designation.

With a focus on providing cloud-based RESTful APIs, this partnership is built for digital forward businesses that seek to scale. Offerings from this partnership are designed to evolve as clients’ needs mature and can accommodate companies ranging from early-stage startups seeking a low-cost offering, to professional trading institutions requiring comprehensive real-time data.

“We are delighted to partner with QUODD to meet the financial market data needs of our diverse customer base and improve the investor experience,” says Dustin Kirkland, Chief Product Officer at Apex Fintech Solutions. “QUODD’s flexible licensing, affordable pricing and Vendor of Record capabilities enable us to seamlessly scale our solution set.”

“The future of fintech is being pioneered by companies who are leveraging the latest technology to provide a unique digital experience,” says Bob Ward, CEO of QUODD and Financeware. “We are proud to fuel the various market data needs for innovators like Apex and their clients who are enabling cutting-edge user experiences.”

via BusinessWire

Proprietary Market Data Now Available via Amazon Web Services

Investments in QUODD’s technology stack allows for greater distribution of Daily Bond Fund and Money Market Interest Rates Data

QUODD Financial Information Services (“QUODD”), a business unit of Financeware, a NewSpring Holdings platform company, has announced that its proprietary data set of Daily Bond Fund and Money Market Interest Rates, QUODD Funds, is now available via Amazon Web Services (AWS). This increased distribution comes on the heels of QUODD’s investments in its technology team and digital innovation enhancements for the front, middle and back-office wealth ecosystem.

“Our client’s businesses have grown considerably and their data needs continue to be more complex and varied, says Justin Van Til, QUODD’s SVP of Product and Strategy. “We created our proprietary QUODD Funds in a consolidated csv format, obtained directly from the fund companies, so customers can easily absorb one data format into their applications and integrate it seamlessly into their core operational workflow.”

“We’re proud to partner with AWS to increase the distribution of our high quality, proprietary mutual fund content to the entire fintech and wealth management space,” says David Kirk, CTO of QUODD. “This is another milestone in our vision of providing our clients access to market data in varied delivery models at a cost-effective price point”.

via PR Newswire

QUODD’s Market Data Fuels the Digital Experience for Online Trading Platform, iFlip

QUODD Financial Information Services (“QUODD”), a business unit of Financeware, a NewSpring Holdings platform company, announces a key data provider partnership in the online trading space. This partnership combines QUODD’s comprehensive offering of real-time market data with iFlip’s AI technology to fuel the next frontier of fintech innovation.

The rise of online trading platforms is democratizing consumer access to the market. Providers are choosing flexible data providers like QUODD to help reduce total cost of ownership. “Our product relies on AI technology to give our investors an edge to optimize their wealth and reduce their risk,” says Kelly Korshak, Co-Founder and Chief Investment Officer of iFlip. “We chose QUODD as our data partner because they value innovation by offering flexible data formats to meet our evolving needs.”

“The continued growth of the fintech application space aligns itself nicely with QUODD’s mission of providing market data fuel that is easy to access and cost-effective,” says Bob Ward, CEO of QUODD and Financeware. “We are very excited to partner with this cutting-edge platform and look forward to playing a part in their success.”

via PR Newswire

The Importance of Quality Corporate Actions Data 

Your ability to report market changes quickly and correctly is crucial to your success. And reliable reporting starts with your access to timely and accurate information about corporate actions.

Whether you’re an institutional asset manager, wealth manager, or working in the fintech space, you can’t perform any other tasks within the investing lifecycle without first capturing corporate actions. These shifts not only impact client portfolios and internal trading strategies, but they have profound tax implications as well. In other words, without a firm foundation built on solid data, the entire investing process may be compromised. 

In financial services, you’re only as reliable as your information.

Accurately and promptly tracking corporate actions such as dividend payouts, stock splits, and other corporate events is essential to maintaining an accurate security master of your client’s portfolios, which is critical for informed investment decisions. It’s also one area where legacy technology that relies on manual inputs can lead to inefficiencies in operations and investment processes. Without the latest technology, it’s harder to scale your business and provide the competitive edge your clients have come to expect. 

Just think about some of the higher-profile recent corporation actions where accurate real-time data was essential to not just your role, but also to alerting investors downstream: since its IPO, Starbucks has split 2:10 six times; Google abruptly changed its name and its ticker symbol to Alphabet in 2015. These are marquee stocks. But what about the plethora of Equities, ETFs, and Mutual Funds?  Accurate management requires a systematic way to keep track of all events, newsworthy or not.  

The Importance of Quality Corporate Actions Data 

There are many different global corporate actions and dividend data providers in the industry today. The problem is that not all providers are equal. The best data feeds provide real-time data that is monitored, validated, and customized to meet users’ needs. For instance, QUODD’s corporate actions and dividend data solution covers 50 event types, including name changes, ticker changes, stock splits, mergers, acquisitions, delistings, reorganizations, cash, and stock dividends. It’s also flexible: managers can customize data sets and output formats based on exchanges or events, or get a full universe delivery based on a specified list of securities. 

Here’s how accurate, timely, verified corporate action data can help you.

For portfolio managers. Collecting and reporting corporate actions requires intelligence and precision. If your platform uses legacy technology from a traditional data vendor, or relies on collecting changes via email announcements and processing them manually, that’s a major time drain and opportunity to introduce errors. 

That’s just for current events. But what about when you need a look back? 

When crafting sophisticated algorithms, fund and portfolio managers may need data that’s adjusted historically to test out their trading strategies. QUODD can provide the historical data to back test an investment strategy, helping you to continuously enhance trading strategies. 

For wealth managers. For estate planning professionals at trusts, banks, credit unions—and even law firms—technology that automates and streamlines the flow of corporate action data can be a tremendous time and work saver. Automation enables you and your clients to have the highest degree of confidence that events are properly reflected in portfolios for both individual stocks and mutual funds. When technology systematically tracks dividend and distribution payouts, trust in your services escalates. Everyone is fully in the know about what’s held, under what symbol, what dividend payouts are coming.

Wealth managers must be aware of changes to dividend yields before they can offer tax-savvy investment ideas. If even one change in a dividend payout goes unrecorded, it can have major tax implications for investors. 

For recordkeepers. As the volume of corporate actions increases each year, even the sharpest recordkeepers may have difficulty managing and reporting each individual event. 

More than ever, recordkeepers managing the security master of a portfolio need a timely and comprehensive way to track every corporate action. Their precision and efficiency impacts the accuracy of distributions and payouts to downstream clients. Providing correct and up-to-the-minute investment information is ultimately what defines the quality of your client servicing. 

By being ahead of the information dissemination curve, you preemptively avoid clients calling about a stock split or name change on their statements. Plus, with a validated, real-time data stream, you can eliminate potential errors and reporting lags, and avoid the embarrassment—and hint to the trust bestowed on you—along with the flood of calls that come with having to issue retractions based on bad information.

For everyone. Retail trading applications, such as RobinHood and WeBull, have their own continuous need for reliable, timely information on dividends and corporate actions—critical information that needs to be delivered automatically to users. Subscribers using these increasingly popular new trading technologies rely on being fed up-to-the-minute information to determine their cash positions and next trading moves.

Superior service, informed decisions, accurate records: the case for QUODD

No one in the financial services ecosystem wants their users to find contradictory information elsewhere, or for their clients to be surprised by what shows up in their portfolio. 

QUODD’s Global corporate actions and dividend data solution helps you maintain security master databases and track all dividend payouts. With flexible licensing agreements and user-friendly technology, there’s no better way to access reliable data on corporate actions—and act on it quickly—than by making QUODD’s global corporate actions and dividend data solutions part of your data intelligence arsenal. An automated process that speeds up delivery while reducing costs and mitigating human error can help take your decision-making and service to the next level. Ready to streamline your operations and automate corporate actions? Contact QUOOD today.

Brokerage Firm, L.M. Kohn Chooses QUODD’s Market Data Workstation

Collaboration will enable advisors to access real-time North American equities, options, and futures

QUODD Financial Information Services (“QUODD”), a business unit of Financeware, a NewSpring Holdings platform company, has announced a new strategic partnership with L.M. Kohn, a hybrid RIA, and Broker-Dealer with penetration in the Northeast, Midwest, and South. The partnership combines QUODD’s industry-leading market data workstation, Equity+, with LM Kohn’s 3 decades of experience in Wealth Management.

“Our decision to switch to QUODD’s market data workstation was simple” says Carl Hollister, President & COO. “Our advisors needed a tool with accurate and timely market data that they could rely on to access finger-tip intelligence to make better decisions for their clients. L.M. Kohn has been focused on upgrading and implementing technology tools that build great efficiencies into our advisors’ business operations and help them be more responsive to the ever-changing landscape in managing and acquiring clients.”

“We are proud to provide the digital experience for a Hybrid RIA, Broker-Dealer who shares our mission to leverage financial technology for cost savings and operational efficiencies in the Wealth Management space,” says Bob Ward, CEO of QUODD and Financeware. “Equity+ is a market data workstation that allows our partners to realize savings and grow their bottom lines while providing a robust solution. Furthermore, we will continue to expand the content and functionality with new releases this year that are specifically focused on the wealth advisor.”

via PR Newswire

QUODD’s Market Data Powers FusionIQ’s Digital Investment Platform

QUODD Financial Information Services (“QUODD”), a business unit of Financeware, a NewSpring Holdings platform company, has announced a new strategic data partnership with FusionIQ, an IQvestment Holdings, LLC company. The partnership provides QUODD’s 20 years of expertise in fueling market data for the fintech space to investors and advisors on FusionIQ’s digital investment platform.

“QUODD’s high quality and flexible market data solutions provide our customers with critical equities pricing and reference data,” says Mark Healy, CEO of FusionIQ. “Our businesses and broader mission to democratize access to investments are aligned well as we both focus on leveraging new technology for financial market participants to drive operational efficiencies and reduce the cost of doing business.”

“We are proud to fuel the streaming market data needs for an innovative digital investing platform used by top wealth managers, broker-dealers, banks, and RIAs,” says Bob Ward, CEO of QUODD and Financeware. “Our comprehensive market data offering underscores our company’s commitment to deliver, support, and expand our market data solutions to help our partners grow.”

Via PRNewswire

How Depth-of-Book Data Increases Visibility into Stock Trades

Timing is everything. And when it comes to buying and selling securities, your timing is only as sharp as the quality of information you’re working with. That’s why you need real-time financial data that can be trusted for its accuracy and provides a comprehensive view of the markets day after day.  

No one has a crystal ball to forecast market performance, but harnessing up-to-the-minute data can provide far greater visibility—and take active trading to the next level. That’s what investors get with depth-of-book data, which shows the robustness of an order book for all stocks traded on major US exchanges. This includes the record of buy and sell orders, and helps investors grasp liquidity levels for specific stocks or investment products. The higher the quantity, the more robust the order book.

TotalView, Nasdaq’s depth-of-book product, is so sophisticated that it surpasses even Level 2 data. It gives traders a comprehensive view of all activity that happens across all exchanges. That means every quote, every bid and every offer, whether the trade happened or not. It means visibility into the granular details that add depth and nuance to the trading game. It means a new way to differentiate yourself from the competition without cutting into already narrow margins. 

It means your good timing will now be superior. 

So how exactly can TotalView’s comprehensive data transform your trading strategy? 
I. Greater Visibility=Multiple Advantages

TotalView can give you insight into the true demand of a security at each price point, allowing traders to make decisions accordingly. Here’s how depth-of-book data can help investors time their actions and take their game to the next level: 

Address order imbalances: Market imbalances happen for several reasons. If the number of buyers isn’t high enough for a given security, that creates an imbalance—and you’re better off waiting to sell. Or investors may see that purchase volumes aren’t high enough and opt to divide a sale into various blocks to offset the lack of demand on the buy-side. 

TotalView’s depth-of-book capabilities can help traders time their trades to maximize their impact by providing net order imbalance indicator, or NOII. This figure provides an accurate snapshot of imbalances that can’t be replicated by other metrics. 

When you look at averages, for example, they often don’t tell the whole story and can hide a fragmented market. An imbalance could reflect a bifurcated data set that skews very high and very low (with very little in the middle). This can happen with heavily traded stocks, such as those in the tech sector. Level 1 data just shows the top of the book, or the best bids and offers for a given stock, but look closer in TotalView, and you can spot where there can be stark divisions. With deeper data, traders gain a totally different, and a more insightful, view of the stock than just looking at Level 1 data.

Simply put, Level 1 data can be insufficient , and investors need to drill down to a deeper level to make more informed trading decisions—and that’s what they get with TotalView.

NOII provided by depth-of-book is particularly helpful during times when imbalances tend to occur, be it intraday, during earnings announcements, at the end of the reporting season, or at the year’s end to offset large tax gains. NOII not only displays imbalance data used to determine the buying and selling opportunities of a security, but also gives investors more confidence that their trades have the potential to garner results. 

Forecast market patterns: Total View helps indicate where the price of a security is heading. That type of information can help you make informed real-time decisions—and anticipate what’s ahead. TotalView can give investors greater insights into the opening and closing costs of a given security, meaning they’ll have a clearer sense of liquidity and overall market movement. As investors race to lock in shares near the closing price, for example, TotalView gives them greater visibility to see further down the road—and make decisions in light of trends that are on the horizon, not in the rearview mirror. It’s here where depth-of-book can help investors decide whether to take a long or short position and when.

II. Sophisticated, Nuanced, Powerful: The Case for TotalView 

Many investors are hard-wired to move fast. They thrive on momentum and are driven by competition. But to improve results—and boost alpha —you need both speed and sophistication. You need to know when to jump on a fast-moving opportunity, and when to take a step back and watch as a data story unfolds. 

For day traders working independently, investors working with a fintech trading platformor any investor who strives for excellence, reallydepth-of-book is extremely important. QUODD’s TotalView, depth-of-book data stream provides the tick-by-tick information to fill in knowledge gaps. We think of TotalView as a tool for increasing awareness and cultivating excellence. The goal is to help traders make smarter decisions in less time.

If more precise timing of trades can lead to greater gains, then investors who want to up their game should dig deeper. Get the total view of what’s happening with trades. Contact QUODD to get a trial version of TotalView today. 

3 Reasons to Outsource Your Vendor of Record Service

It’s critical to have your compliance and licensing done correctly as you can risk an audit at any point.  Exchanges have a two-year lookback period, and without a partner in place you could be erroneously reporting without even knowing it. Giant back bills have led to the demise of many promising fintech platforms.

Each exchange is very specific about what you need to provide them, and the controls that should be built into your products. There are different cost structures for distribution use cases. The exchange contracts present an entirely new set of compliance complexity that most companies aren’t equipped to handle.

QUODD’s Vendor of Record service can be your business lifeline, carefully explaining how to correctly report to each exchange. And every time you want to add data, we can share what you need to submit to the exchanges to get the correct approvals.

 

  • Minimize Risk: With our vendor of record service we ensure compliance with all major North American exchanges.

 

  • Save Time: Our team will handle the administrative process associated with exchange approvals and reporting so you can focus on revenue generating activities.

 

  • Save Money: Clients see an average of 25% total cost of ownership savings when working with QUODD.

 

For more information on how you can use QUODD’s Vendor of Record service please fill out the form below or call 866-537-5518 to speak with someone from our team.

Solactive Financial Index firm selects QUODD to Fuel Market Data for ETFs and Indices

QUODD Financial Information Services (“QUODD”), a business unit of Financeware, a NewSpring Holdings platform company, has entered into a commercial agreement with Solactive, a German index engineering company. Solactive is using QUODD’s high-quality and timely US Options and futures data to accurately develop and maintain their industry-leading indices. This combines QUODD’s 20 years of expertise in fueling market data solutions for financial services firms with Solactive’s innovative and flexible index building technology.

“Our relationship with QUODD enables us to provide an alternative to the commercial model for customers seeking flexible and affordable indices”, says Dirk Urmoneit, Chief Operating Officer of Solactive. “QUODD’s data is timely, reliable and customizable giving us a low-cost way to access real-time data without the delay that comes from legacy systems.”

“We are proud to fuel an emerging index firm that is creating innovative investment products in the fintech space”, says Bob Ward, CEO of QUODD and Financeware. “This demonstrates QUODD’s ability to customize market data delivery solutions in a cost-effective way for our customers. We continue to strive to develop new ways to democratize access to financial market data.”

via PR Newswire

Equity+ Quick Tips: Configuring Charts

Our Equity+ Quick Tips webinar series demonstrates tips and tricks for optimizing your workflow. Our most recent video focuses on a variety of ways to configure charts within the RT+ Platform.

In this video you will learn about:
– Barchart 101
– Working with Watchlist
– Adding and adjusting indicators for your trading