Product brief

Hewlett Packard Enterprise and TierPoint


QUODD Financial Information Services, a Financeware company, provides investment professionals such as brokers, money managers, and hedge funds with real-time market data to drive informed investment decisions. Up to 2 TB of market data from all the major North American exchanges flows into QUODD systems for processing by the company's proprietary application within milliseconds. To enable this, QUODD relies on the TierPoint Hosted Private Cloud built on HPE servers, storage, and networking. With these robust and reliable capabilities, QUODD attracted a new parent company, Financeware, whose global reach will enable QUODD to compete with industry giants IDC, Thomson Reuters, and Xignite.


QUODD is a financial information services company based in Jersey City, New Jersey. Its flagship solution, QUODD Equity+, is a comprehensive workstation designed for the financial investment professional. QUODD Equity+ offers a complete set of market data services and information bundled into a single, easy-to-use desktop solution. QUODD's iPad and Android apps sync with a user's desktop application so watch lists are the same in both places - providing true mobility. The apps also provide breaking news, alerts, and detailed company fundamental data. The same technology that powers QUODD Equity+ is available in the form of low-latency streaming data feeds covering all major North American securities exchanges. QUODD also offers custom solutions for data that can be easily integrated into customer business applications.

Business goals

QUODD was formed in 1999 and has evolved through different corporate names and ownership structures. President Dennis Cassidy joined the firm in 2000 and set out to transform it from a small information services firm with limited IT capabilities into a highly sophisticated real-time market data company offering a growing range of services to the global investment industry. QUODD today serves 700 client firms - including securities brokers, hedge funds, day traders, and investment advisers - representing 3,600 users. Its data services enable investment professionals to make informed decisions based on comprehensive market information and real-time streaming data. The company has been expanding its service portfolio with end-of-day pricing, and it serves as vendor of record ensuring the accuracy of client reports. Cassidy set out to expand QUODD's data-feed business, which offers lucrative 75% margins. He also aimed to position QUODD to be acquired by a larger firm, Financeware, that brings the resources to support global competition with industry giants such as International Data Corporation (IDC), Thomson Reuters, and Xignite.