Industry Insights

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.

The combination of technology costs rising and margins shrinking throughout the financial services industry benefitted QUODD greatly in 2022 as we continued to position ourselves as a cloud-first market data provider that is consistently changing with the way information is consumed in this era of on-demand digital services.

The next generation of the back office is going to force the hand of many organizations that have clung to legacy systems, especially when it comes to how these firms access, consume and share market data. The fact is that people remain at the core of the success of any business, financial services notwithstanding. To ignore the realities of what the modern employee now requires to be successful in your organization is to ignore them at your own peril potentially.

QUODD, the leading global provider of financial market data APIs, announced the launch of a new Option Greeks and Implied Volatility API. Clients can now easily add Greeks and implied volatility to their platforms to help investors make better option trading decisions.

The inflationary environment is hitting all corners of the economy. Yes, even financial services companies. Perhaps nowhere is this more evident than in the cost of market data. 

The term “cord cutter” gained momentum in 2010 as streaming services began to pose a formidable threat to the legacy cable industry. As that trend has played out over the last decade, it’s clear consumers now have the power to create their ideal mix between both traditional and streaming TV options. In the same way, we see an emerging parallel in market data consumption across the financial services industry ...

Last week we showcased the latest of QUODD’s digital innovation within the Equity+ securities workstation. We highlighted new functionality coming this year that will be made available to existing users as an optional premium entitlement or packaged in a streamlined version customized to the needs of the wealth advisory firms and their investment professionals that are primarily fee-based/asset allocators.

We are excited to announce that we have recently added SOFR Term rates (1 Month, 3 Month, 6 Month, and 12 Month) to your existing Rates and Interbanks APIs. SOFR has become a popular choice for users looking for an alternative to LIBOR since the cessation post-2021.