QUODD Financial Information Services (“QUODD”), a business unit of Financeware, a NewSpring Holdings platform company, has entered into a commercial agreement with Solactive, a German index engineering company. Solactive is using QUODD’s high-quality and timely US Options and futures data to accurately develop and maintain their industry-leading indices. This combines QUODD’s 20 years of expertise in fueling market data solutions for financial services firms with Solactive’s innovative and flexible index building technology.

“Our relationship with QUODD enables us to provide an alternative to the commercial model for customers seeking flexible and affordable indices”, says Dirk Urmoneit, Chief Operating Officer of Solactive. “QUODD’s data is timely, reliable and customizable giving us a low-cost way to access real-time data without the delay that comes from legacy systems.”

“We are proud to fuel an emerging index firm that is creating innovative investment products in the fintech space”, says Bob Ward, CEO of QUODD and Financeware. “This demonstrates QUODD’s ability to customize market data delivery solutions in a cost-effective way for our customers. We continue to strive to develop new ways to democratize access to financial market data.”

via PR Newswire