QuoteMedia, Inc. (OTCBB:QMCI) today announced that Southwest Securities, Inc., one of the largest securities clearing firms in the United States, has contracted QuoteMedia for comprehensive financial data solutions for the firm's client base.
Southwest Securities Inc. is the principal broker/dealer subsidiary of SWS Group, Inc., (NYSE:SWS), offering a complete range of full-service brokerage, clearing, securities execution, investment banking and capital markets services. It is the largest full-service NYSE member firm based in Texas.
"We were looking for the best possible integrated financial data solutions to meet the needs of our brokers and correspondent firms, and we chose QuoteMedia," said Norman Thompson, Executive Vice President and Chief Information Officer at Southwest Securities, Inc. "The range of high quality but cost-effective content, its ease of integration and accessibility, and the responsiveness of the people at QuoteMedia have impressed us. QuoteMedia's solutions certainly helped us achieve our goal to provide the best possible service for our brokers and financial advisors, as well as their clients."
Under the terms of the two-year contract, QuoteMedia will provide Southwest Securities, its correspondent brokers, advisors and investor clients with market data and information including detailed quote data; symbol lookups; static and interactive charting; company-specific and market-based headlines and news; option chains; market indices; market sectors data; mutual fund quotes; NASDAQ Level II data; historical data; SEC filings; watch-lists; market statistics; company profiles; company fundamentals; financial statements; insider data and more.
"We are very pleased that a firm of Southwest Securities' stature has adopted our products in such a comprehensive manner, and we feel that this illustrates the fact that brokerage and clearing firms are looking for the control, reliability and custom-tailored deployments that we deliver," said QuoteMedia CEO Dave Shworan. "Southwest Securities is widely known as a ground-breaking firm with a proven track record of taking advantage of technological advances, and it is an honor to have them as a QuoteMedia client."