Industry Insights

We are excited to announce that we have recently added SOFR Term rates (1 Month, 3 Month, 6 Month, and 12 Month) to your existing Rates and Interbanks APIs. SOFR has become a popular choice for users looking for an alternative to LIBOR since the cessation post-2021.

Thanks to greater accessibility to financial data, new companies are sprouting up at an unprecedented rate. This burgeoning of fintech entrepreneurship, from online trading and advisory platforms to financial gaming simulators to sandbox developers creating their own APIs, was made possible by technological advancements. 

QUODD announced record sales and year-over-year growth for the quarter ending September 30th.  The company said it is experiencing strong momentum as organizations look to reduce their market data costs, and work with vendors who are leveraging the latest technologies that are not beholden to legacy systems.

While fees have decreased, the cost of financial market data has risen. This is a troubling disconnect that constrains your competitive edge. The legacy model of data delivery requires subscribing to comprehensive sets of data, regardless of the securities of interest. In contrast, innovative technology is quickly changing how the world operates, offering opportunities for more tailored options. Financial market data delivery is one area ripe for a higher-service, price-flexible alternative.

Apex and QUODD have entered a strategic data partnership to provide Apex clients with direct access to valuable financial market data that drives investing and trading applications