QUODD's Real-Time and Historical Foreign Currency Exchange Rates: Leading the Market with Unparalleled Innovation
In the ever-evolving landscape of financial data, QUODD has established itself as the undisputed leader with its Real-Time and Historical Foreign Currency Exchange Rates product, available through the QX Marketplace. This innovative solution is designed to meet the rigorous demands of various customer segments, including Enterprise Resource Planning (ERP) systems, buy side institutions, risk and portfolio management platforms, and myriad workflows in the wealth & asset servicing channels. Let's explore the key features and unique advantages that set QUODD apart from its competitors.
Key Features
- Comprehensive Coverage: QUODD provides spot exchange rates for over 170 global currencies, including cross-rates. Our offering includes real-time bid/ask/mid prices and historical rates with hourly fixing times. Additionally, we provide currency forward rates ranging from spot to two years for major currencies and central bank official rates.
- Quality and Reliability: Unlike many providers in the FX market, which operates over-the-counter, QUODD has developed a proprietary collection method involving a basket of market participants, including FX platforms, brokers, and global banks. Our advanced crossing logic ensures unmatched data quality, making our rates widely adopted and trusted by auditors of thousands of public companies using systems like Netsuite for over 15 years.
- Innovation and Flexibility: One of our standout premium offerings is GetChartBars, which delivers historical intraday bars down to one-second granularity. This feature is invaluable for charting use cases, providing more granular data than hourly fixing times. Furthermore, our cloud-streaming capabilities enhance the usability and accessibility of our data.
- Seamless Integration and Automation
For enterprises looking to integrate real-time foreign exchange rate data seamlessly into their applications, QUODD offers an easy-to-use API that allows for effortless embedding of real-time data in various applications, including spreadsheets, websites, mobile apps, and other corporate systems. This ensures that businesses can automate the loading of currency exchange rates into ERP applications like Oracle E-Business Suite, Oracle Cloud, JD Edwards, Peoplesoft, and SAP with tools like FXLoader, dramatically reducing time to market for apps needing forex rates data and leapfrogging the status quo!
Why QUODD Stands Out
- Advanced Core Technology: The backbone of QUODD’s offering is our cloud-native platform, meticulously designed from the ground up to eliminate inefficiencies and boost quality. Traditional providers struggle with layers and silos of technology, but QUODD’s modern infrastructure allows for customizable, turnkey, scalable, and cost-effective solutions. Our platform supports the modularization of data products and user-level entitlement management, ensuring a high degree of usability and flexibility for end-users.
- Seamless Integration and Scalability: QUODD’s cloud-native core technology enables us to deliver content into customizable client workflows effortlessly. This not only meets customer needs today with minimal switching costs but also opens up new possibilities for advanced integrations as digital strategies evolve. Our infrastructure and tooling are perfectly suited for the automation, control, and consumption of diverse financial market data, empowering companies to manage their preferred consumption models and data update frequencies effectively.
- Market Leadership: QUODD leapfrogs competitors such as ICE, Refinitiv, Bloomberg, and HSBC by providing superior coverage and quality. We also surpass cheaper options like Oanda, Forex.com, XE.com, and Polygon, offering a more advanced, reliable, and user-friendly solution. Our data is approved by auditors of thousands of public companies and has been trusted for over 15 years, a testament to our market leadership and reliability.
- Trusted and Widely Adopted
Using QUODD means leveraging a trusted, industry-standard forex rates API that hundreds of firms rely on for institutional-quality real-time forex rates. Our solution provides daily rates for the major FX geo-markets, including New York, London, Tokyo, Sydney, and Singapore. This allows for the seamless and efficient automation of currency exchange rates loading into ERP applications, eliminating the pains and complexity of legacy feeds with the efficiency of cloud APIs.
Conclusion
QUODD’s Real-Time and Historical Foreign Currency Exchange Rates product is a testament to our commitment to innovation, quality, and customer satisfaction. With unparalleled coverage, proprietary collection methods, and a cutting-edge cloud-native platform, we provide an industry-leading solution that meets the complex needs of today’s financial data consumers. Explore the power of QUODD through our QX Marketplace and discover how we can transform your financial data workflows with our superior offering.
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