US-based fund administrator Gryphon Fund Group has selected market data on demand provider QUODD’s Universe+ market data platform to offer more services at scale to its asset servicing clients.
Universe+ is an application programming interface (API)-based cloud platform and is said to be a fit for purpose middle to back office research tool.
The platform has been built to offer extensive reference data, security pricing and analytics across all asset classes, integrating mutual fund, equities, and fixed income pricing data.
Besides, the Universe+ platform delivers the ability to pull data on demand like reference data and corporate actions, track ongoing price fluctuations, handle price validations and initiated price challenges.
Based in the US, QUODD, which caters to the global financial services sector, is a NewSpring platform company.
QUODD CEO Bob Ward said: “We are proud to deliver Gryphon a fit-for-purpose middle to back office platform that enables on-demand market data consumption that cuts across all business lines, functional areas, and operational workflows.
“Our modern cloud-based infrastructure and tooling powering Universe+ allows for the automation, control and consumption of all types of financial market data information that they will be able to leverage at scale.”
Gryphon Fund aims to offer exceptional high-touch service regardless of the client size and provide an opportunity for advisers to have a cost-effective option to enter the registered space.
The firm offers services as a fund administrator to both registered and private investment companies. It has more than $8bn in assets under administration.
Gryphon Fund president Gordy Jones said: “We believe utilising a digital platform like QUODD provides our team access to real time data specific to back office operations while allowing our team to be creative and integrate mission critical market data functionality into our daily workflow.
“QUODD’s output is exactly what we need as a nimbler, employee owned Third Party Administrator.”
