The Importance of Quality Corporate Actions Data 

Your ability to report market changes quickly and correctly is crucial to your success. And reliable reporting starts with your access to timely and accurate information about corporate actions.

Whether you’re an institutional asset manager, wealth manager, or working in the fintech space, you can’t perform any other tasks within the investing lifecycle without first capturing corporate actions. These shifts not only impact client portfolios and internal trading strategies, but they have profound tax implications as well. In other words, without a firm foundation built on solid data, the entire investing process may be compromised. 

In financial services, you’re only as reliable as your information.

Accurately and promptly tracking corporate actions such as dividend payouts, stock splits, and other corporate events is essential to maintaining an accurate security master of your client’s portfolios, which is critical for informed investment decisions. It’s also one area where legacy technology that relies on manual inputs can lead to inefficiencies in operations and investment processes. Without the latest technology, it’s harder to scale your business and provide the competitive edge your clients have come to expect. 

Just think about some of the higher-profile recent corporation actions where accurate real-time data was essential to not just your role, but also to alerting investors downstream: since its IPO, Starbucks has split 2:10 six times; Google abruptly changed its name and its ticker symbol to Alphabet in 2015. These are marquee stocks. But what about the plethora of Equities, ETFs, and Mutual Funds?  Accurate management requires a systematic way to keep track of all events, newsworthy or not.  

The Importance of Quality Corporate Actions Data 

There are many different global corporate actions and dividend data providers in the industry today. The problem is that not all providers are equal. The best data feeds provide real-time data that is monitored, validated, and customized to meet users’ needs. For instance, QUODD’s corporate actions and dividend data solution covers 50 event types, including name changes, ticker changes, stock splits, mergers, acquisitions, delistings, reorganizations, cash, and stock dividends. It’s also flexible: managers can customize data sets and output formats based on exchanges or events, or get a full universe delivery based on a specified list of securities. 

Here’s how accurate, timely, verified corporate action data can help you.

For portfolio managers. Collecting and reporting corporate actions requires intelligence and precision. If your platform uses legacy technology from a traditional data vendor, or relies on collecting changes via email announcements and processing them manually, that’s a major time drain and opportunity to introduce errors. 

That’s just for current events. But what about when you need a look back? 

When crafting sophisticated algorithms, fund and portfolio managers may need data that’s adjusted historically to test out their trading strategies. QUODD can provide the historical data to back test an investment strategy, helping you to continuously enhance trading strategies. 

For wealth managers. For estate planning professionals at trusts, banks, credit unions—and even law firms—technology that automates and streamlines the flow of corporate action data can be a tremendous time and work saver. Automation enables you and your clients to have the highest degree of confidence that events are properly reflected in portfolios for both individual stocks and mutual funds. When technology systematically tracks dividend and distribution payouts, trust in your services escalates. Everyone is fully in the know about what’s held, under what symbol, what dividend payouts are coming.

Wealth managers must be aware of changes to dividend yields before they can offer tax-savvy investment ideas. If even one change in a dividend payout goes unrecorded, it can have major tax implications for investors. 

For recordkeepers. As the volume of corporate actions increases each year, even the sharpest recordkeepers may have difficulty managing and reporting each individual event. 

More than ever, recordkeepers managing the security master of a portfolio need a timely and comprehensive way to track every corporate action. Their precision and efficiency impacts the accuracy of distributions and payouts to downstream clients. Providing correct and up-to-the-minute investment information is ultimately what defines the quality of your client servicing. 

By being ahead of the information dissemination curve, you preemptively avoid clients calling about a stock split or name change on their statements. Plus, with a validated, real-time data stream, you can eliminate potential errors and reporting lags, and avoid the embarrassment—and hint to the trust bestowed on you—along with the flood of calls that come with having to issue retractions based on bad information.

For everyone. Retail trading applications, such as RobinHood and WeBull, have their own continuous need for reliable, timely information on dividends and corporate actions—critical information that needs to be delivered automatically to users. Subscribers using these increasingly popular new trading technologies rely on being fed up-to-the-minute information to determine their cash positions and next trading moves.

Superior service, informed decisions, accurate records: the case for QUODD

No one in the financial services ecosystem wants their users to find contradictory information elsewhere, or for their clients to be surprised by what shows up in their portfolio. 

QUODD’s Global corporate actions and dividend data solution helps you maintain security master databases and track all dividend payouts. With flexible licensing agreements and user-friendly technology, there’s no better way to access reliable data on corporate actions—and act on it quickly—than by making QUODD’s global corporate actions and dividend data solutions part of your data intelligence arsenal. An automated process that speeds up delivery while reducing costs and mitigating human error can help take your decision-making and service to the next level. Ready to streamline your operations and automate corporate actions? Contact QUOOD today.

Brokerage Firm, L.M. Kohn Chooses QUODD’s Market Data Workstation

Collaboration will enable advisors to access real-time North American equities, options, and futures

QUODD Financial Information Services (“QUODD”), a business unit of Financeware, a NewSpring Holdings platform company, has announced a new strategic partnership with L.M. Kohn, a hybrid RIA, and Broker-Dealer with penetration in the Northeast, Midwest, and South. The partnership combines QUODD’s industry-leading market data workstation, Equity+, with LM Kohn’s 3 decades of experience in Wealth Management.

“Our decision to switch to QUODD’s market data workstation was simple” says Carl Hollister, President & COO. “Our advisors needed a tool with accurate and timely market data that they could rely on to access finger-tip intelligence to make better decisions for their clients. L.M. Kohn has been focused on upgrading and implementing technology tools that build great efficiencies into our advisors’ business operations and help them be more responsive to the ever-changing landscape in managing and acquiring clients.”

“We are proud to provide the digital experience for a Hybrid RIA, Broker-Dealer who shares our mission to leverage financial technology for cost savings and operational efficiencies in the Wealth Management space,” says Bob Ward, CEO of QUODD and Financeware. “Equity+ is a market data workstation that allows our partners to realize savings and grow their bottom lines while providing a robust solution. Furthermore, we will continue to expand the content and functionality with new releases this year that are specifically focused on the wealth advisor.”

via PR Newswire

QUODD’s Market Data Powers FusionIQ’s Digital Investment Platform

QUODD Financial Information Services (“QUODD”), a business unit of Financeware, a NewSpring Holdings platform company, has announced a new strategic data partnership with FusionIQ, an IQvestment Holdings, LLC company. The partnership provides QUODD’s 20 years of expertise in fueling market data for the fintech space to investors and advisors on FusionIQ’s digital investment platform.

“QUODD’s high quality and flexible market data solutions provide our customers with critical equities pricing and reference data,” says Mark Healy, CEO of FusionIQ. “Our businesses and broader mission to democratize access to investments are aligned well as we both focus on leveraging new technology for financial market participants to drive operational efficiencies and reduce the cost of doing business.”

“We are proud to fuel the streaming market data needs for an innovative digital investing platform used by top wealth managers, broker-dealers, banks, and RIAs,” says Bob Ward, CEO of QUODD and Financeware. “Our comprehensive market data offering underscores our company’s commitment to deliver, support, and expand our market data solutions to help our partners grow.”

Via PRNewswire

How Depth-of-Book Data Increases Visibility into Stock Trades

Timing is everything. And when it comes to buying and selling securities, your timing is only as sharp as the quality of information you’re working with. That’s why you need real-time financial data that can be trusted for its accuracy and provides a comprehensive view of the markets day after day.  

No one has a crystal ball to forecast market performance, but harnessing up-to-the-minute data can provide far greater visibility—and take active trading to the next level. That’s what investors get with depth-of-book data, which shows the robustness of an order book for all stocks traded on major US exchanges. This includes the record of buy and sell orders, and helps investors grasp liquidity levels for specific stocks or investment products. The higher the quantity, the more robust the order book.

TotalView, Nasdaq’s depth-of-book product, is so sophisticated that it surpasses even Level 2 data. It gives traders a comprehensive view of all activity that happens across all exchanges. That means every quote, every bid and every offer, whether the trade happened or not. It means visibility into the granular details that add depth and nuance to the trading game. It means a new way to differentiate yourself from the competition without cutting into already narrow margins. 

It means your good timing will now be superior. 

So how exactly can TotalView’s comprehensive data transform your trading strategy? 
I. Greater Visibility=Multiple Advantages

TotalView can give you insight into the true demand of a security at each price point, allowing traders to make decisions accordingly. Here’s how depth-of-book data can help investors time their actions and take their game to the next level: 

Address order imbalances: Market imbalances happen for several reasons. If the number of buyers isn’t high enough for a given security, that creates an imbalance—and you’re better off waiting to sell. Or investors may see that purchase volumes aren’t high enough and opt to divide a sale into various blocks to offset the lack of demand on the buy-side. 

TotalView’s depth-of-book capabilities can help traders time their trades to maximize their impact by providing net order imbalance indicator, or NOII. This figure provides an accurate snapshot of imbalances that can’t be replicated by other metrics. 

When you look at averages, for example, they often don’t tell the whole story and can hide a fragmented market. An imbalance could reflect a bifurcated data set that skews very high and very low (with very little in the middle). This can happen with heavily traded stocks, such as those in the tech sector. Level 1 data just shows the top of the book, or the best bids and offers for a given stock, but look closer in TotalView, and you can spot where there can be stark divisions. With deeper data, traders gain a totally different, and a more insightful, view of the stock than just looking at Level 1 data.

Simply put, Level 1 data can be insufficient , and investors need to drill down to a deeper level to make more informed trading decisions—and that’s what they get with TotalView.

NOII provided by depth-of-book is particularly helpful during times when imbalances tend to occur, be it intraday, during earnings announcements, at the end of the reporting season, or at the year’s end to offset large tax gains. NOII not only displays imbalance data used to determine the buying and selling opportunities of a security, but also gives investors more confidence that their trades have the potential to garner results. 

Forecast market patterns: Total View helps indicate where the price of a security is heading. That type of information can help you make informed real-time decisions—and anticipate what’s ahead. TotalView can give investors greater insights into the opening and closing costs of a given security, meaning they’ll have a clearer sense of liquidity and overall market movement. As investors race to lock in shares near the closing price, for example, TotalView gives them greater visibility to see further down the road—and make decisions in light of trends that are on the horizon, not in the rearview mirror. It’s here where depth-of-book can help investors decide whether to take a long or short position and when.

II. Sophisticated, Nuanced, Powerful: The Case for TotalView 

Many investors are hard-wired to move fast. They thrive on momentum and are driven by competition. But to improve results—and boost alpha —you need both speed and sophistication. You need to know when to jump on a fast-moving opportunity, and when to take a step back and watch as a data story unfolds. 

For day traders working independently, investors working with a fintech trading platformor any investor who strives for excellence, reallydepth-of-book is extremely important. QUODD’s TotalView, depth-of-book data stream provides the tick-by-tick information to fill in knowledge gaps. We think of TotalView as a tool for increasing awareness and cultivating excellence. The goal is to help traders make smarter decisions in less time.

If more precise timing of trades can lead to greater gains, then investors who want to up their game should dig deeper. Get the total view of what’s happening with trades. Contact QUODD to get a trial version of TotalView today. 

3 Reasons to Outsource Your Vendor of Record Service

It’s critical to have your compliance and licensing done correctly as you can risk an audit at any point.  Exchanges have a two-year lookback period, and without a partner in place you could be erroneously reporting without even knowing it. Giant back bills have led to the demise of many promising fintech platforms.

Each exchange is very specific about what you need to provide them, and the controls that should be built into your products. There are different cost structures for distribution use cases. The exchange contracts present an entirely new set of compliance complexity that most companies aren’t equipped to handle.

QUODD’s Vendor of Record service can be your business lifeline, carefully explaining how to correctly report to each exchange. And every time you want to add data, we can share what you need to submit to the exchanges to get the correct approvals.


  • Minimize Risk: With our vendor of record service we ensure compliance with all major North American exchanges.


  • Save Time: Our team will handle the administrative process associated with exchange approvals and reporting so you can focus on revenue generating activities.


  • Save Money: Clients see an average of 25% total cost of ownership savings when working with QUODD.


For more information on how you can use QUODD’s Vendor of Record service please fill out the form below or call 866-537-5518 to speak with someone from our team.

Solactive Financial Index firm selects QUODD to Fuel Market Data for ETFs and Indices

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

Equity+ Quick Tips: Configuring Charts

Our Equity+ Quick Tips webinar series demonstrates tips and tricks for optimizing your workflow. Our most recent video focuses on a variety of ways to configure charts within the RT+ Platform.

In this video you will learn about:
– Barchart 101
– Working with Watchlist
– Adding and adjusting indicators for your trading

How Technology is Making Data More Accessible 

Thanks to greater accessibility to financial data, new companies are sprouting up at an unprecedented rate. This burgeoning of fintech entrepreneurship, from online trading and advisory platforms to financial gaming simulators to sandbox developers creating their own APIs, was made possible by technological advancements. 

Just a few years ago, the massive volume of data being consumed for these applications was inconceivable. The good news? Technology has democratized data—and paved the way for a plethora of data vehicles and streams. 

Here are 4 ways that technology is making data more accessible.

Reliability. When trade executions form the foundation for your work, you can’t miss a quote or a price from the exchanges. You certainly can’t afford to lose a few minute’s or hours’ worth of trades. The latest data streaming technology ensures reliable up-time—making interruptions, hiccups, bottlenecks, and buffering a thing of the past. But there’s a caveat: your bandwidth needs to be right-sized. Too little bandwidth can result in a compromise to reliability. Too much bandwidth can result in paying for more than you need.  

Accuracy. Not only do you need a reliable stream of data, but that data must also be 100% accurate—or you could end up making poor decisions or finding yourself on the wrong side of a trade. Technology makes it possible to obtain high-quality data, with no lost packets or dropped information. New processes normalize data so that everything is recorded and subscribers capture each quote and every trade.

Usability. Innovation acts as the jet fuel for the new products and services coming onto the market, and as well as helping incumbents maintain a competitive edge. When usability is cumbersome, complex, and opaque, it stifles innovation. One of the biggest advances in technology is the ability to plug-and-play, requiring little development on the user’s end. Easy to understand documentation creates greater transparency and gives rise to financial data applications that are easy to use and easy to implement. Rather than taking weeks or months to implement, users can get the feeds they need up and streaming within a day or two. 

Affordability. Cost has been one of the biggest hurdles for new entrants and new products. And for decades, that’s the way the large players liked it— working in favor of both the monolith end-users and legacy infrastructure. Even today, providers like Bloomberg and Thompson have yet to notably scale back their fees because they’ve built the infrastructure that requires huge cash flow to support. In contrast, newer technologies don’t have the heavy investment of their legacy competitors. With fewer infrastructure costs, new financial data technologies can run leaner and pass savings onto users. 

Find a Data Partner Who Can Provide All 4

Each of the above aspects is critical. One without the others won’t get you far— barring extremely deep pockets and the absence of time pressures. But that’s not how the real world works. Fintech companies get pressure from investors to control costs and go-to-market quickly. Regulatory, compliance, and customer pressures make reliability and accuracy must-haves.

In vetting your options for providers of real-time, reliable, high-quality data, look for a partner that meets all the above criteria— and more. As we mentioned in reliability, a true partner will guide you on how much bandwidth is right for your needs. For accuracy and usability, you are one step ahead of the game when your financial data provider normalizes formats across exchanges so that it’s easier for you to view and use. For instance, QUODD puts all data streams in the same format. This clear data mapping makes it easier for sandbox developers to use the data to create trading applications. The result? When APIs are simplified, any developer can integrate them into their application or system. 

And whether you are a long-established firm or a fintech start-up, you are always looking for your most affordable option and ways to be more cost-effective. Unlike legacy financial data providers, QUODD was built for the modern marketplace. By providing all infrastructure, including hosting and having data centers to house data, end-users are alleviated from investing in infrastructure on their own. This built-in flexibility facilitates any scenario for any type of user.

Technology has hastened the speed of innovation, opening the doors to new products and players. With our proven proficiency in providing high-quality data and expert guidance, QUODD’s technology can unlock accessible data across your applications.

QUODD partners with SS&C Technologies to offer enhanced data service for retirement clients

New integration provides SS&C clients access to high-quality dividend data

QUODD Financial Information Services (“QUODD”), a business unit of Financeware, a NewSpring Holdings platform company, has announced a new strategic data partnership with SS&C Technologies. The partnership combines SS&C’s industry-leading end-to-end, tech-enabled retirement solutions with QUODD’s deep domain expertise in delivering market-leading data solutions over the past 20 years. Together, SS&C and QUODD will provide an integrated offering that enables SS&C Retirement Solutions’ clients to access QUODD’s dividend data.

“Partnering with QUODD gives us a competitive advantage, enabling us to provide our clients with high quality and reliable dividend data in one consolidated feed,” says Kevin Rafferty, General Manager of SS&C Retirement Solutions. “By leveraging QUODD’s data, we can reduce risk and streamline dividend processing to reduce manual entries. SS&C also will be able to perform back-end processing faster.”

To ensure accuracy, QUODD sources data directly from the fund company or their transfer agent. Dividends and capital gain rates are delivered on ex-date. The capital gains are broken out by short- and long-term. All relevant dates are reported, including record date, payable date, ex-dividend date, and reinvest date.

“We are very proud to partner with an innovative fintech institution like SS&C to help them enhance their client experience with a direct tangible benefit to their end-users,” says Bob Ward, CEO of QUODD and Financeware. “At QUODD, our mission is to improve the quality and data accuracy for the wealth and retirement ecosystem with a cost-effective alternative.”

This partnership comes on the heels of SS&C Black Diamond’s technology integration with Wealthcare’s GDX360® goals-driven planning and investment management platform. Wealthcare, an innovator in wealth management and a tech-enabled registered investment advisor provider, is QUODD’s sister company and another business unit of Financeware. “By deepening relationships with our institutional partners and end-users, we’re able to customize our comprehensive data and tech-enabled solutions that allow clients to innovate, save time and money,” says Bob Ward, CEO of QUODD and Financeware.

via PR Newswire

QUODD and IHS Markit Announce Strategic Partnership

The collaboration will enable the delivery of market data to QUODD clients from a single innovative technology platform.

QUODD Financial Information Services (“QUODD”), a business unit of Financeware, a NewSpring Holdings platform company, and IHS Markit have formed a strategic partnership to provide a unique market data offering for the Trust and Wealth Management sector. The offering combines QUODD’s 20 years of expertise in listed market data and delivery with IHS Markit’s industry-leading fixed income pricing and reference data in an integrated, flexible delivery platform.

“Customers were repeatedly asking for alternatives as vendors consolidated, service levels decreased and costs increased,” said Bob Ward, CEO of QUODD. “Our partnership with IHS Markit enables us to deliver our clients data from a single source via flexible formats at a significantly lower total cost of ownership.  By enabling great transparency and finger-tip access to market data through modern technology our clients are better positioned to compete and differentiate themselves.”

The offering combines global listed market pricing, dividends, and corporate actions along with IHS Markit’s comprehensive global fixed income pricing and reference data. IHS Markit is QUODD’s exclusive provider of fixed income pricing and reference data for the Trust and Wealth Management space.

“Our partnership with QUODD aligns with our vision of providing the most innovative, robust and scalable solutions for financial institutions,” said Ed Chidsey, SVP and Global Head of Financial Information Services at IHS Markit. “We are proud to be QUODD’s exclusive fixed income data provider, as our best-in-class pricing and reference data delivers actionable intelligence that can enable a competitive advantage for Trust and Wealth Management firms.”

According to Subir Chatterjee, CEO of Fi-Tek LLC, provider of the market-leading Global Wealth Enterprise Solution (Global WealthES®), a front to back technology platform for the Investment Management, Trust, and Wealth Management markets, “Working with QUODD and IHS Markit has empowered our firm with a more flexible commercial securities pricing framework to manage overall cost, as well as provide a higher degree of predictability and transparency for our clients. Our clients simultaneously benefit from reliable, quality market data and modern digital tools for their back, middle, and front offices.

The partnership with IHS Markit has been instrumental for QUODD’s bank trust, RIAs, and brokerage customers. QUODD is committed to providing clients a high-quality, low latency alternative in an industry where costs have sky-rocketed and service levels have deteriorated. For more information please fill out the form below or contact us.

Via PRNewswire