QUODD Financial Information Services (“QUODD”), a business unit of Financeware, a NewSpring Holdings platform company, and IHS Markit have formed a strategic partnership to provide a unique market data offering for the Trust and Wealth Management sector.
The offering combines QUODD’s 20 years of expertise in listed market data and delivery with IHS Markit’s industry leading fixed income pricing and reference data in an integrated, flexible delivery platform.
“Customers were repeatedly asking for alternatives as vendors consolidated, service levels decreased and costs increased,” said Bob Ward, CEO of QUODD. “Our partnership with IHS Markit enables us to deliver our clients data from a single source via flexible formats at a significantly lower total cost of ownership. By enabling great transparency and finger-tip access to market data through modern technology our clients are better positioned to compete and differentiate themselves.”
The offering combines global listed market pricing, dividends and corporate actions along with IHS Markit’s comprehensive global fixed income pricing and reference data. IHS Markit is QUODD’s exclusive provider of fixed income pricing and reference data for the Trust and Wealth Management space.
“Our partnership with QUODD aligns with our vision of providing the most innovative, robust and scalable solutions for financial institutions,” said Ed Chidsey, SVP and Global Head of Financial Information Services at IHS Markit. “We are proud to be QUODD’s exclusive fixed income data provider, as our best-in-class pricing and reference data delivers actionable intelligence that can enable a competitive advantage for Trust and Wealth Management firms.”
According to Subir Chatterjee, CEO of Fi-Tek LLC, provider of the market-leading Global Wealth Enterprise Solution (Global WealthES®), a front to back technology platform for the Investment Management, Trust, and Wealth Management markets, “Working with QUODD and IHS Markit has empowered our firm with a more flexible commercial securities pricing framework to manage overall cost, as well as provide a higher degree of predictability and transparency for our clients. Our clients simultaneously benefit from reliable, quality market data and modern digital tools for their back, middle, and front offices.
The partnership with IHS Markit has been instrumental for QUODD’s bank trust, RIAs, and brokerage customers. QUODD is committed to providing clients a high-quality, low latency alternative in an industry where costs have sky-rocketed and service levels have deteriorated. For more information please visit QUODD.com.