SQX 2025 Year-in-Review
Note from the CEO
“Think big.”
If you listen to enough motivational speakers, you’ll hear these words. As advice goes, it’s pretty good. One of our core SQX values is continuous improvement, which pushes us to go big, work hard, and run the extra mile to serve our clients.
But in 2025, we did more than just “think big.” We aimed to “think new.”
“Thinking new” means that we’re not content to keep doing the same thing we’ve always done in the same way we’ve always done it. We’re always looking for new frontiers to expand into, and even better ways to deliver the data our clients count on us for.
In 2025, we announced a new vision statement, launched several new data products, prepared to expand our new alternative investments news site (SQX Alts), laid the groundwork for new muni and structured note reference data, and made our alts pricing system better than ever.
As we continue to “think new” in 2026, we know that we can’t do anything valuable—new or old—without your support. Thank you for trusting SQX and coming alongside us for another year. We’re grateful for you, and we look forward to showing you what’s ahead in 2026!
—Timothy Tatum, CEO of Securities Quote Xchange
New Vision Statement
In the past year, SQX introduced a new vision statement that reflects where we’re headed and how we think about our role as a company: “To be an innovative leader in streamlining the flow of information across the finance industry.” Our clients know SQX for responsive service, transparency, and reliable market data; our vision is the “why” behind the “what.” Our drive to be an innovative leader is the reason we build smarter, faster, and more intuitive ways to deliver financial information.
This vision recognizes that SQX is more than a data provider. From news sites like SQX Alts to new data products, we’re focused on improving how information is sourced, shared, and understood across the market. In practice, that means listening carefully, moving quickly, thinking creatively, and designing solutions around real client needs. As we look ahead, our goal is to not only participate in the market data ecosystem, but to help set the standard for how financial information travels.
Added Several New Data Products
In 2025, SQX grew in a rather obvious way: by adding several new data products!
New fixed income asset classes:
- Mortgage-Backed Securities (MBS) – over 1 million securities
- Asset-Backed Securities (ABS) – approximately 20,000 securities
- Commercial Mortgage-Backed Securities (CMBS) – approximately 23,00 securities
- Non-Agency Collateralized Mortgage Obligations (CMOs) – over 265,000 securities
- Collateralized Loan Obligations (CLOs), including Collateralized Debt Obligations (CDOs) – over 20,000 securities
- Syndicated Bank Loans – approximately 3,000 securities
- Green Bonds
New Yield Curves:
New Volatilities:
In the months since we’ve launched these new asset classes, we’ve been excited to see our new offerings attract such a high level of interest—particularly our structured finance products. As SQX continues to grow, we’re excited to include these new datasets as part of our core offering.
Laid the Groundwork for SQX Alts Expansion
This year, we set the stage for a major expansion of SQX Alts. Launched in 2024, SQX Alts is a resource that provides alternative investment news and information. SQX Alts delivers daily news on topics relevant to the alts world, posting 3-4 articles daily. In addition, SQX Alts features a detailed directory of alts sponsors, publicly-issued securities, and news articles relevant to specific sponsors.
While 2025 was a year of quiet growth and behind-the-scenes work, we’re poised to expand SQX Alts in a big way in 2026. We can’t say more right now, but keep an eye on our news updates and on sqxalts.com. SQX Alts has been on the runway, and we’re almost ready to take flight.
Prepared to offer Reference Data
In 2026, SQX is preparing to offer two new types of reference data.
Our muni reference data—built in partnership with Exchange Data International (EDI) and Municipal Bond Information Services (MBIS)—will cover over 1.5 million active muni bonds across 50,000+ issuers. We’ve hosted several fruitful market data feedback groups in 2025, where experts in the muni world have met with our team to ensure our dataset meets industry needs.
In addition to muni reference data, in late 2025 SQX built the foundation for structured note reference data! When ready, our structured note reference dataset will feature the most important attributes of a note’s structure, performance profile, and lifecycle. It will include fields describing payoff behavior, underlying asset dependencies, and coupon features—alongside other datapoints that provide a full analytical and operational view of each structured note.
Keep an eye out for our updates, since we’ll be launching both sets of reference data soon!
Improved Alternative Investments Process
Over the last year, SQX continued to build on the foundation of our world-class alternative investments pricing system. We’ve strengthened our validation checks (especially for publicly issued DPPs and REITs), while automating data entry, file creation, and database workflows. We’ve restructured our research operation, accelerating the onboarding of new securities. These upgrades have helped us reach greater accuracy, consistency, and speed than ever before.
SQX continues to cover the full universe of alternative investments, including privately issued securities. We provide pricing updates as soon as they’re available, passing along issuer-quoted data—including FINRA 2231(c) information. Our clients receive a single streamlined alts file that helps them reduce operational burden and focus on higher-value work.
We’re excited to see what will come as we continue to “think new” in 2026! Thank you for joining SQX on our journey. We hope to keep walking with you for years to come!
Want more SQX updates? Follow SQX on LinkedIn and subscribe to our
LinkedIn
newsletter to stay ahead of the curve.
Latest News
