Interactive Dataâs Market-Q provides Raymond Jamesâ financial advisors access to a broad set of high-quality financial information, including global real-time market data, Dow Jonesâ real-time news and analysis, along with commentary on companies, markets and events, as well as research from a range of sources. It also offers sophisticated tools, such as advanced charting and other capabilities. Market-Q can be accessed from web browsers, providing users the flexibility to utilize its capabilities regardless of their location.
Raymond James chose to implement Market-Q as a fully hosted solution, thereby eliminating the need for additional on-site technology infrastructure costs associated with servers, circuits and routers, while offering complete Internet accessibility at reduced bandwidth costs. Market-Q offers flexible conflation settings, providing Raymond James an appropriate level of data while realizing significant improvements in bandwidth utilization and network traffic.
Market-Qâs modular technology design and flexible deployment options enabled Raymond James to quickly introduce this offering to their clients. After working closely with Interactive Dataâs customer support team, Raymond James has fully deployed Market-Q in its Private Client Group.
âI believe Interactive Dataâs innovative offerings provide us with the quality and breadth of content, including access to Dow Jones news, and sophisticated tools our financial advisors can utilize to provide their clients with highly personalized, unbiased financial advice,â said Chet Helck, chief operating officer, Raymond James Financial. âWe view Interactive Data as a trusted partner, willing to work with us to understand our requirements, and then provide us with solutions that address our needs and help us achieve our business goals.â
âThe combination of Interactive Dataâs innovative technology and market data with Dow Jonesâ real-time news and commentary provides a powerful tool for Raymond Jamesâ financial advisors,â said Clare Hart, president of Dow Jones Enterprise Media Group. âThe Dow Jones/Interactive Data collaboration is delivering news, information and research that can be easily customized to meet advisorsâ needs and interests and help them provide informed advice to their clients.â
âThe current market environment and focus on cost control, coupled with the ongoing industry shift from a transaction-based model to more fee-based revenue, lessens the need for many wealth management firms and others to maintain heavy market data infrastructures to support both customers and advisor platforms,â said Matt Bienfang, senior research director, TowerGroup. âThe ability to deploy and host Java-based technology can help institutions in this market to control market data costs, freeing-up resources to focus on other critical aspects of their businesses.â
âWe are delighted that Raymond James has decided to expand our long-term relationship by selecting Interactive Data to provide real-time market data terminals to its financial advisors,â said Ray DâArcy, president and chief executive officer, Interactive Data Corporation. âIn light of the continued challenging financial market conditions and the changing needs of wealth managers, Interactive Data is continuing to focus its expertise and resources on creating an appealing range of innovative market data terminals that are designed to provide the ârightâ amount of data and tools that our clients need. With these services, we are focused on leveraging content and capabilities across our Company to offer institutions in the wealth management market a truly compelling alternative to their current market data terminals.â
DâArcy continued, âWe look forward to continuing to work closely with Raymond James by equipping their financial advisors with a solution that is designed to maximize their productivity and help their clients make informed financial decisions.â
Market-Q is Interactive Dataâs flexible Java browser-based real-time market data desktop terminal for financial institutions. This comprehensive service integrates global real-time data, news, research, key U.S. corporate actions and dividend data, as well as sophisticated tools for advanced charting and alert services. In addition, Market-Q components can be customized to display market data on a hosted web site.