Interactive Data Corporation, a leading provider of market data solutions for wealth management firms, today announced that Oppenheimer & Co. Inc. (Oppenheimer) has chosen Market-Q as its real-time streaming market data desktop and Market-Q Mobile as its real-time mobile solution.
Market-Q Mobile offers anywhere, anytime tablet access to advisors on-the-go.
Oppenheimer recently performed a comprehensive analysis of its real-time and mobile market data requirements and selected Market-Q to power its desktops and mobile devices. Its user group found that Market-Q offered a flexible interface, excellent charting and alert features, along with a seamless mobile application.
"Our wealth management professionals require tools that enhance productivity and promote client service and retention," said Thomas Riordan, Chief Information Officer for Oppenheimer. "It was our goal to find a solution that would bring together global real-time pricing information, news, research and other financial and market data into one flexible workstation for our advisors. We needed a system that could offer increased flexibility in terms of how our advisors interacted with these tools, and the mobile application and its portability is very important for advisors looking to connect with their clients."
Interactive Data is experiencing growth in Market-Q adoption by financial advisory firms and top correspondent clearing companies in North America.
"Firms are re-evaluating their market data technology needs with the goal of including companion mobile solutions while reducing data and infrastructure costs," said Bill Chambers, Vice President and General Manager for Wealth Solutions at Interactive Data. "Our unique ability to assess firm-wide needs and user requirements, and to respond by efficiently deploying tailored and integrated solutions, can result in significant cost savings and improved service."