Wednesday, October 4, 2023

Options Collaborates with QUODD to Deliver Data-on-Demand for Intra-Day Global Pricing

By ET Bureau - October 18, 2022 2 Mins Read

Options Collaborates with QUODD to Deliver Data-on-Demand for Intra-Day Global Pricing

Options Technology, the leading Capital Markets services provider, today announced its strategic partnership with QUODD, an on-demand market data provider for the global financial services industry.

QUODD, a NewSpring Holdings Company, delivers on-demand market data to the global financial services industry, enabling users to access pricing data for global Equities, Fixed Income, Indices, Options, Futures, and end-of-day pricing for global Mutual Funds. The strategic partnership is set to provide customers with optimized access to closing prices after local market close, alongside intraday delayed snap prices for international markets.

In addition, the integration of Options’ pricing will service the largest banks and wealth platforms with a near-term plan to dually expand intra-day pricing across global exchanges with access to real-time tick data.

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Danny Moore, President and CEO at Options, said, “QUODD’s on-demand data solutions and Options’ Activ Market Data Platform enable our businesses to provide fully optimized, reliable and timely data acquisition, alongside enhanced time to market and enterprise data control. We are delighted to announce our strategic partnership and look forward to continuing to bring compelling and material value to our clients across the global capital markets.”

Bob Ward, CEO of QUODD, added, “The partnership was formed in response to the ever-increasing convergence between real-time and end-of-day pricing data for financial institutions and their platforms in the wealth management servicing marketplace. Working with Options is a testament to our mutual vision of advancing the industry with the most reliable, timely and responsive content sources.”

Today’s news comes as the latest in a series of strategic announcements for Options, including its achievement of 10 Microsoft Gold Partner Status competencies, successful upgrade of its LD4 to TY3 circuit, hosting capabilities in Aruba IT3 Bergamo, and the launch of its Quantify and Data Store products.

In 2019, Options received investment from Boston-based Private Equity Firm, Abry Partners. This investment has enabled Options to accelerate its growth strategy and develop its technology platform whilst expanding its reach in key financial centres globally.

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