SOURCE: Interactive Data

Interactive Data

Interactive Data

November 05, 2014 10:00 ET

Sterne Agee Announces Expanded eCustody Platform Powered by Interactive Data's MARKET-Q

Interactive Data's MARKET-Q & Sterne Agee's eCustody Platform Offers One-Stop-Shop for Advisors and Broker-Dealers

NEW YORK, NY--(Marketwired - Nov 5, 2014) -  Interactive Data Corporation, a leading provider of market data solutions for wealth management firms, and Sterne Agee, one of the oldest and largest privately-held financial services firms in the country, announced today the expanded integration of Market-Q's real-time trading, streaming portfolio holdings, and customer account information into Sterne Agee's eCustody client platform.

Sterne Agee will deploy an enhanced "powered-by" version of Market-Q to their more than 750 Registered Investment Advisor (RIA) and correspondent broker-dealer clients who subscribe to the firm's eCustody clearing and custodian services platform.

"We are very excited about the integration between eCustody and Market-Q," said Daniel Garrett, Managing Director and Business Technology Officer for Sterne Agee. "These products truly complement one another and add efficiencies to the research and trading functions that our financial advisors engage in every day."

"We have had a successful partnership and distribution agreement in place with Sterne Agee for quite some time," said Bill Chambers, Vice President and General Manager for Wealth Solutions at Interactive Data. "We are excited to take our joint offering to the next level and to create a true one-stop-shop experience for the RIA and correspondent broker-dealer communities." 

Sterne Agee's eCustody client solution is unique in that it provides a fully integrated experience enabling advisors and broker-dealers to manage major accounts/portfolio features while seamlessly incorporating Market-Q's vast research options.

 New and enhanced Market-Q features within eCustody include:

  • Trade Integration: simplified workflow enables users to initiate the trading process from Market-Q by launching the appropriate eCustody trading ticket.

  • View accounts/portfolios: users can now view account information and portfolio positions in streaming real-time fashion directly within a watch list window in Market-Q.

  • View accounts holding certain securities: users have a clickable option to "view all accounts that hold this security in eCustody". 

Market-Q, with over 25,000 active users, provides members of the wealth management community integrated workflow solutions facilitating their market data, news and research needs helping to efficiently win and grow their business.

About Interactive Data Corporation

Interactive Data Corporation is a trusted leader in financial information. Thousands of financial institutions and active traders, as well as hundreds of software and service providers, subscribe to our fixed income evaluations, reference data, real-time market data, trading infrastructure services, fixed income analytics, desktop solutions and web-based solutions. Interactive Data's offerings support clients around the world with mission-critical functions, including portfolio valuation, regulatory compliance, risk management, electronic trading and wealth management. Interactive Data has over 2,500 employees in offices worldwide.

Pricing, evaluations and reference data are provided in the US through Interactive Data Pricing and Reference Data LLC and internationally through Interactive Data (Europe) Ltd. and Interactive Data (Australia) Pty Ltd.

For more information about Interactive Data please visit: www.interactivedata.com.

About Sterne Agee

Founded in 1901, Birmingham, Alabama-based Sterne Agee is one of the oldest and largest privately owned financial services firms in the nation. The firm offers comprehensive financial services to a diverse client base, including corporations, municipalities and individual investors. Through its family of wholly owned subsidiaries, Sterne Agee custodies over $26 billion in client assets and employs more than 1,600 financial professionals. Sterne Agee is the trade name used by certain affiliates of Sterne Agee Group, Inc., including Sterne, Agee & Leach, Inc., member of NYSE, FINRA and SIPC. For more information about Sterne Agee and its services please visit www.sterneagee.com.

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