Industry Insights

The industry trend is rapidly moving towards data-on-demand that involves customized delivery models, coupled with a user-specific experience that works better with the workflow needs of middle-and-back-office employees, who are often either fully or partially remote and need immediate fingertip access.

When engineers at market and financial services data company QUODD wanted to improve the cost efficiency and performance of their infrastructure, they found it difficult to demonstrate the business benefits of modernization.

Blue Ocean Technologies, LLC (BOT), a unique capital markets fintech leader in global after hours trading, and QUODD, a comprehensive market data on demand provider for the financial services industry and a NewSpring Holdings platform company, today announced a strategic partnership aimed at delivering after hours trading capabilities to global investors.

One of the main areas QUODD has focused on in the past few years is addressing how firms can better serve their middle-and-back office employees with access to vital market data. Those workers don’t always need (or want) the bells and whistles that come with the offerings from legacy providers. But what they do need and want is modern tools that can keep up with today’s demands

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REST APIs have come a long way in the last 15 years. It used to be that given their inherent latency, use cases were limited to simple display on websites and other applications. As a result, the first generation of APIs only displayed timestamps down to a second-level precision.

A recent analysis from The Everest Group cited in American Banker highlights how shoring up risk management practices has risen to the top of the priority list for bank execs, noting that banks will increase their annual spend on risk technology by 8%-to-12% in the next 12 months. In short, banks understand they need to improve their risk management practices across business lines and functions and are actively making technology-driven efforts to address them.

Editor Max Bowie interviewed Bob Ward, CEO of QUODD and Jim Ashton, General Partner, NewSpring Holdings on QUODD’s recent acquisition of Xignite. Bob and Jim shared QUODD’s vision of leveraging our proprietary technology to become the premier cloud-based global financial market data and content provider with the best customer service and lowest amount of friction.