Double Finance Chooses QUODD QX Marketplace for Market Data Excellence

Double Finance Chooses QUODD's QX Marketplace for Market Data Excellence

In a significant move for the fintech sector, Double Finance has announced that it will utilize QUODD’s QX Marketplace as its main source of market data. This innovative choice underlines Double's commitment to delivering an unparalleled investment experience through direct indexing, a service that allows clients to customize their investments by breaking down Exchange-Traded Funds (ETFs) into individualized components.

Leveraging Comprehensive Financial Data

Double Finance is transforming how investors manage their portfolios by employing QUODD’s comprehensive dataset, allowing users to conduct daily portfolio optimizations. The analysis includes assessing trades, understanding tax implications, and exploring rebalancing opportunities, all relying heavily on timely and up-to-date information.

JJ Maxwell, the founder and CEO of Double Finance, believes that QUODD’s offering is unmatched in reliability and comprehensiveness. He observed, "QUODD has proven to be the most robust and reliable data provider. Their uptime has been exceptional, critical for our daily analysis of optimal trades."

Factors Influencing the Decision

Double's shift to QUODD was motivated by several compelling factors. The firm needed an all-encompassing data solution that was both reliable and flexible enough to adapt to changing market dynamics. QUODD's extensive market data coverage, coupled with reliable uptime and the ease of integration, made it the obvious choice. Additionally, QUODD's capabilities in providing accurate corporate actions data and fundamentals were crucial for Double's most sought-after investment strategies.

Maxwell continued, "The incredible breadth of QUODD’s offerings means we don't have to deal with multiple vendors or messy contracts, simplifying our operations as we scale."

Quick Scaling and User Trust

Within just six months of launching, Double Finance successfully surpassed $22 million in assets under management (AUM). This surge can be attributed, in part, to the seamless data integration from QUODD. As Double Finance evolves, the partnership empowers them to focus on creating value for their clients while building trust in their platform.

Maxwell emphasized the importance of reliable data in establishing customer trust: "Accurate fundamental and pricing data is crucial in building investor confidence in our platform. That's why we chose QUODD—a proven name in the industry, even when other cheaper options were available."

A Shared Vision for the Future

Bob Ward, the CEO of QUODD, expressed pride in serving as the strategic data partner for Double Finance. He stated, "Supporting Double’s growth trajectory aligns with our approach to client-centric service. Their innovative spirit in reshaping modern investing inspires us to continuously evolve alongside them."

This collaboration signifies a trend in financial technology where data reliability is increasingly crucial to customer confidence. As Double Finance continues to embrace modern investment methodologies, its alignment with QUODD’s robust solutions suggests a promising future for both entities in the financial landscape.

About QUODD and Double Finance

QUODD specializes in delivering reliable market data on demand tailored for the global financial services industry. They provide banks, brokerages, and fintech companies with comprehensive access to global equity and fixed-income markets. To learn more, visit www.quodd.com.

Double Finance is an innovative investment platform that allows clients to invest in top stock market indexes without asset-based fees. They offer a unique model, charging a flat monthly fee instead of traditional asset management fees. For more details on their offerings, visit https://double.finance/.

Conclusion

Through robust partnerships and cutting-edge technology, Double Finance and QUODD are setting new standards in the world of investment management. As they continue to champion transparency and innovation, the future of fintech looks brighter than ever.