Helps Canaccord Control Infrastructure Costs, Improve Bandwidth Utilization and Increase Efficiency for its Wealth Management Business
Interactive Data Corporation, a leading provider of financial market data, analytics and related solutions, today announced that it has been selected by Canaccord Wealth Management to provide real-time market data terminals and Web-based solutions to its network of investment advisors and clients.
Canaccord has deployed Market-Q, Interactive Data’s flexible browser-based real-time market data desktop terminal and selected Interactive Data to provide Web-based solutions for Canaccord.com and its client access site.
Market-Q integrates global real-time pricing information, news, research, key North American corporate actions and dividend data, as well as sophisticated tools for advanced charting and alert services. Market-Q can be accessed from web browsers and has flexible conflation settings, which can enable financial professionals to obtain the appropriate level of data while realizing significant improvements in bandwidth utilization and network traffic. Canaccord chose to implement Market-Q as a fully hosted solution. This delivery platform eliminates the need for additional on-site technology infrastructure costs associated with servers, circuits and routers, while offering complete Internet accessibility at reduced bandwidth costs.
On Canaccord.com, users can view their account holdings. The suite of highly customizable, hosted applications provided by Interactive Data on Canaccord.com includes a market overview, stock and mutual fund quotes, top-performing funds list, charting, news, and a watch list. These tightly integrated applications are available in English and French.
“Interactive Data understands the changing needs of wealth management firms in Canada, as they continue to seek out real-time desktop and Web-based solutions that can help drive tangible cost savings or improve efficiencies,” said Jeff Banker, executive vice president, Real-Time Market Data and Trading Solutions for Interactive Data. “Our innovative market data terminals offer an attractive alternative to their current market data terminals, and our Web-based solutions can help them to differentiate their wealth management platforms with powerful data and applications that can be seamlessly integrated within the user’s workflow.”
“Our investment advisors need the most innovative tools and real-time information readily available so that they can make informed investment decisions,” said Andrew Jappy, Executive Vice President and Chief Information Officer of Canaccord Genuity Corp., the parent firm of Canaccord Wealth Management. “Interactive Data provides us with these advanced capabilities at a reduced cost versus other solutions available in the marketplace.”
A wide range of financial institutions, investment professionals and retail investors in Canada currently subscribe to Interactive Data’s services, either directly or through third-party providers that redistribute the Company’s data via their technology platforms. These include banks, mutual funds, insurance companies, employee retirement and pension plan boards, workers compensation boards, and individual investors.