Custom-built web-based application integrates best-of-breed content sources into an easy-to-use, modern data source for middle- and back-office wealth management servicing firms
JERSEY CITY, N.J., June 8, 2022 — QUODD, a comprehensive market data on demand provider for the global financial services industry and a NewSpring Holdings platform company, today announced the launch of Universe+, an API-based cloud platform that delivers comprehensive security pricing, reference data, and analytics across all asset classes, integrating mutual fund, equities, and fixed income pricing data.
Serving as a cornerstone of the QUODD Command Center, Universe+ provides the ability for middle- and back-office employees to monitor ongoing price fluctuations, pull data on demand like corporate actions and for wealth management clients to manage price validations and initiated price challenges. Universe+ also features security look-up and query capabilities using pre-defined or custom templates to transform work that previously took hours to complete down to seconds. The data on Universe+ can also be validated or initiated with detailed explanations to reconcile differences between primary and secondary sources.
“The one-size-fits-all approach to market data simply doesn’t work anymore from a practicality standpoint,” said Bob Ward, CEO of QUODD. “QUODD custom-built Universe+ to address direct feedback from wealth management servicing firms that the functionality and features of the current market data terminals are too broad and not targeted to the workflow needs of the middle- and back-office. While legacy market data providers will always have a place at the table within large firms, it’s clear that alternative market data providers can step up to fill the void for back and middle-office professionals that need high-quality, customized data available from wherever they’re working.”