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04.02.2025

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Market Data

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3 Min Read

Excellence in Mutual Fund Data: The QUODD Advantage

Excellence in Mutual Fund Data: The QUODD Advantage
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In today's complex market, technology is crucial for managing and sharing financial market data. We cannot overstate its importance. This is especially true for mutual funds, money markets, and unit investment trusts. Timely and accurate data is important for back-office operations. 

In this environment, QUODD stands out as a leader. It uses advanced technology to deliver high-quality data - with great efficiency and little hassle. This article looks at how QUODD's technology makes us a top global provider of financial market data and content. We will focus on our key advantages, especially in insurance, retirement, asset management, and wealth technology. 

The Critical Need for Daily Access to Transparent Fund-Level Data

QUODD Funds is able to deliver mutual fund NAV’s, daily accruals, and corporate actions, while providing: 

  1. Strict Controls: Rigorous checks on all mutual fund data before delivery, coupled with audited processes, ensure quality assurance.
  2. Workflow Optimization: Clients can source mutual fund data without the need to directly contact fund companies, streamlining operations.
  3. Tailoring: Data is customized to meet the specific needs of each organization, enhancing usability.
  4. Assorted Delivery Options: A wide range of delivery and formatting options caters to diverse client requirements.

Industry-wide Challenges

  • Increasing Fees: The continuous rise in fees makes it financially challenging for clients.
  • Stringent Contracting Requirements: These requirements add complexity and delay to the contracting process.
  • Insufficient Reporting of Daily Accrual Factors: For daily accrual funds, not reporting the daily accrual factor can create risks. This affects fiduciary duties and compliance needs. It also impacts accurate income posting and trade execution.

Exploring Alternatives: The Role of QUODD

Clients seeking mutual fund data have numerous options. However, most providers offer limited flexibility, requiring clients to adapt to predefined formats.

QUODD stands out as an expert in providing market data products and solutions. These offerings fit smoothly into client business processes. QUODD offers:

  • Customizable Data Delivery: Systems capable of delivering specific sets of mutual fund data in any required format.
  • Multichannel Data Transmission: Automation of daily mutual fund data needs through various channels.
  • Excellent Customer Success: QUODD strives to be a great partner to our clients. No exceptions when it comes to delivering mutual fund data. This is especially true for wealth management platforms, banks, RIAs, fund administrators, and other service providers.

Keys to Success with QUODD Funds

1. Accuracy

Accuracy is paramount in mutual fund data. Clients must trust that dividend and capital gain rates, accrual factors, and reinvest NAVs are precise. QUODD achieves this by:

  • Direct Data Sourcing: Collecting data directly from fund companies or their transfer agents.
  • Proactive Data Validation: A dedicated team validates data for over 35,000 mutual funds daily.
  • Audited Prices: Ensuring the prices clients rely on for trade execution are accurate and reliable.

2. Timeliness

Timely data is crucial for the fast-paced financial world. QUODD promises to provide fund data on the same day it gets from the fund company. We understand how important this information is to downstream clients.

3. Flexibility

Every business has unique needs, and QUODD caters to this by offering flexible data delivery and formatting options. Clients can access data through various methods, including:

  • QX Marketplace: Individual datasets via multiple communication methods.
  • QX Digital: Digital access for on-demand viewing and extraction.
  • QX Automate: Programmatic access to multi-asset class data for integration into third-party applications.

4. Comprehensive Coverage and Customer Success

QUODD is committed to providing the comprehensive fund coverage our clients need. Our coverage may not track every fund at first, our support team will quickly add any missing funds. 

With a customer-centric approach, QUODD provides exceptional service and support. Experienced staff are always available to address any issues, ensuring the data delivered brings maximum value to clients' businesses.

Why Choose QUODD?

If you’re on the hunt for a fully integrated data delivery solution across all asset classes, consider QUODD. We provide all the important fund data needed for accurate income posting and trade execution. We set the standard in the financial industry for accuracy and speed.

QUODD dedicates itself to customizing data solutions for our clients. We perform thorough data checks and offer various delivery options. This makes us a top choice for many institutions. By eliminating the need for direct contact with fund companies, QUODD helps clients operate more efficiently and effectively.

Our technology and our focus on client success make us a leading provider of financial market data. We deliver high quality, timely information, with great service.

 

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