Wilshire, a leading global financial services firm committed to enhancing and modernizing the way that indexes are built, maintained and licensed, has entered into a strategic partnership with QUODD, a comprehensive market data-on-demand provider for the global financial services industry and a NewSpring Holdings platform company, to provide frictionless access to index content that is innovative and responsive to the investment markets.
“We know that ensuring investors have access to the most modern index and benchmark designs to meet their global investment mandates is of paramount importance”
There is a continuing rise in demand for new indexes and benchmarks to support the growth in passive investment and the demand for deeper understanding of market risks and trends. Wilshire is committed to innovating, modernizing and improving index designs to provide greater precision and transparency. Coupled with this demand is the requirement for solutions to be created to give service providers frictionless access, from the back office through to the front office, to data and unique content to analyze, research and trade efficiently.
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The request from global banks, brokerages, trading systems and wealth platforms requiring access to Wilshire’s global index values through QUODD’s platform has been overwhelming. It validates that both Wilshire and QUODD are providing vital technology and innovative index solutions to help advance the investment industry to better service investors. Wilshire’s index data will be available in Universal Data Service, Universe+ and other QUODD applications.
“We know that ensuring investors have access to the most modern index and benchmark designs to meet their global investment mandates is of paramount importance,” said Mark Makepeace, Wilshire’s Chief Executive Officer. “Of equal importance is to ensure that those efficiencies continue through to the delivery of index data to their service providers to benefit the whole investment community.”
Bob Ward, Chief Executive Officer at QUODD, said, “Our partnership with Wilshire is a testament to our mutual vision of advancing the industry with the most innovative and responsive sources of content. We’re providing our global customers finger-tip access to Wilshire’s indices in our pricing services and cutting-edge portals for the back to front office users’ workflows.”
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