Market data-on-demand provider QUODD has added bond data from S&P Global Market Intelligence into its back-office platform, QX Digital.
QX Digital provides a user-specific experience, offering security look-up and query capabilities using predefined or custom templates along with the security pricing, reference data and analytics capabilities that QUODD’s end-of-day services provide across all asset classes.
Data usage entitlements are automated by the platform for each workflow, allowing institutions to optimise their market data consumption, QUODD stated.
Bringing together S&P Global Market Intelligence’s bond pricing and reference data with QUODD’s access to global equities and funds enables a connection to downstream wealth management users, the firm continued. This allows for the integration of a variety of services, including daily pricing, reference data and corporate actions.
This continues an existing partnership between the two firms, with S&P Global Market Intelligence bond pricing data already used by QUODD in QX Automate API, its end-of-day global pricing and reference data service for wealth management customers.
Commenting on the news, Bob Ward, CEO of QUODD, said: “We are empowering institutional customers to harness data on demand, setting a new standard for agility and client-centric products. Our focus on the mid to back office user allows institutions flexibility within their organisation to maximise 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.”
He continued: “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 fulfil new expectations.”
Tasha Gonska, head of pricing valuations and reference data at S&P Global Market Intelligence, added: “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 minimises switching costs and improves workflow efficiencies.”
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