Accuracy and efficiency are at the core of everything we do here at QUODD. We know that teams across the financial landscape rely on the global market data we provide to their systems. Trust accounting systems are no exception. At QUODD, we not only provide that critical market data, but we do it through business partnerships that are stronger and more transparent than those of our competitors.
Recently, we’ve been excited by several successful partnerships between QUODD and leading trust accounting firms to improve the market data integrating into their platforms. The success of these large-scale technology and operations projects got us thinking about the commonalities among these initiatives.
Trust accounting, by its very nature, demands strong attention to detail and a deep understanding of market dynamics. From portfolio management and valuation(s) to income projection, every decision hinges on the quality and timeliness of data. Yet, for years firms have struggled with recurring challenges from terminal-based solutions and old technologies, including:
- Rigid or Inflexible market data licensing
- Opaque pricing models
- Limited support from their market data providers
We gladly step in to help our partners address all of these challenges.
Modern technology and comprehensive datasets
In the new era of data consumption, Trust Operations and their teams have the opportunity to leverage modern technology to optimize not just how you access data, but how you integrate it into upstream and downstream systems across the entire bank infrastructure. This integration is crucial in a world where operational speed, accuracy, and agility are key drivers of success.
What advantages does QUODD possess over incumbent providers as we partner with many trust solution providers?
We provide an easy-to-use, easy-to-deploy solution.
The rise in pricing and reference data needs for financial firms has led to increased adoption of QUODD's QX Digital Platform. This platform offers an easy-to-use online portal. It also provides automated delivery of custom workflow-based queries through API-driven financial market data access. QX Digital Platform checks all the boxes addressing the needs of modern organizations:
- Cloud-native infrastructure
- User-centric digital experience
- Workflow automation
- Daily Exception Reporting
QUODD streamlines financial market data operations by eliminating obstacles, with QX Query and QX Automate modules leading the way in delivering seamless, efficient data integration.
QX Digital offers:
- A one-stop shop for comprehensive data sets
- The entire QUODD content library available to retrieve in bulk
- The ability to connect and integrate workflows with enterprise-grade processes
- Entitlements to track usage by institution and their end customers
QX Query is our bulk data download tool which can be accessed on demand or via programmatic delivery of pricing and reference data. Users can create customized templates based on specific data requirements. This tool integrates data directly with proprietary or 3rd-party applications. QX Automate takes these features to the next level by adding basic functions like scheduling daily delivery to more advanced options like exception handling, post processing into client custom formats or providing derived data values based on custom calculations.
QX Automate allows users to define their workflow(s) by customizing triggers, job/activity scheduling, and data fields via QX Query (customizable based on your unique requirements). Users can also define the formatting by which they wish to ingest the data. QX Automate can even support calculated data fields submitted by clients (e.g., custom face value inputs to generate calculated values). Future functionality currently in development includes automating exception handling and intelligent routing.
- Comprehensive Datasets: At the core of trust accounting operations are datasets encompassing diverse asset classes. QUODD's expansive data coverage ensures that trust accounting firms have access to a wealth of information, across global asset classes, enabling the delivery of critical data required for informed and confident decision-making.
- Accuracy and Timeliness: QUODD's commitment to accuracy and timeliness ensures that trust accounting platforms receive world-class market data, empowering operation teams to respond confidently to client demands.
- Customizable Solution: With our dedicated team of knowledgeable solution specialists and easily adaptable technology, QUODD is able to address any custom requirements efficiently.
- Remote and Ready: With QX Digital Platform, your team operates in the cloud, ensuring access to on demand data without geographical constraints. The information they require for success is readily available via our portal, accessible at their fingertips. Whether it's implementing remote and flexible work policies or preparing for disaster recovery scenarios, ensuring seamless continuity is essential, irrespective of location.
In an increasingly competitive landscape within Trust Services, strategy is critical to maintaining your edge. QUODD's team members have extensive experience and understand the pain points of platform providers and their downstream clients. It’s an advantage that allows our partners and their clients to focus on what matters, like actionable insights into market trends, portfolio performance, and risk exposure.
Over the past several years, QUODD has helped several platform providers successfully tackle large-scale optimization initiatives. We are proud of these partnerships and strive to continue existing integrations and form new partnerships. As platform providers consider market data changes/transformations, one thing is clear: a responsive and knowledgeable partner is non-negotiable.
If you’re considering possible changes to your market data strategy, QUODD team members always welcome the opportunity to learn more about your business and help ensure you’re optimizing your daily operations.
Let’s start the conversation.
