BanxQuote
 |
|
| Private | |
| Industry |
Banking Financial Services |
| Founded | New York, New York (1984) |
| Headquarters | White Plains, New York, United States |
|
Key people
|
Norbert Mehl, Founder & CEO |
| Products | Banking and Loan Rates |
| Website | www.banxquote.com |
BanxQuote was the foremost provider and licensor of indexes and analytics used as a barometer of the U.S. banking and mortgage markets until its exit in 2015. Its bank rate website and consumer banking marketplace featured dynamically updated daily market rates on banking, mortgage and loan products throughout the United States, until its exit in 2010.
BanxQuote was established by its parent BanxCorp in 1984, and its Internet operations were launched at a BanxQuote National Banking Conference held at Salomon Brothers in New York, on April 7, 1995.
Clients of the firm have included hundreds of financial institutions nationwide and its indexes were frequently used as a trusted source and performance benchmark by public policymakers, government agencies, major banks and corporations.
BanxQuote operated an online national banking marketplace for 15 years, until its exit in 2010
It featured rates on money market accounts, savings and jumbo certificate of deposit (CDs), mortgage loans, home equity and auto loans for various terms and amounts.
BanxQuote also provided proprietary state-by-state, regional, and national composite benchmarks for its various banking and lending products. Clients of the firm have included hundreds of banks and financial institutions nationwide. In 1985, The Wall Street Journal started featuring BanxQuote for 17 consecutive years.
BanxQuote current and historical proprietary data, indices, charts and analytical tools were available on Bloomberg Terminals from 1995 until its exit form the market in 2015, reaching over 250,000 financial market professionals worldwide.
The Dow Jones Barron's Dictionary of Banking Terms defines the BanxQuote Money Market Index(tm) as an "Index of rates paid by investors on negotiable certificates of deposit and high yield savings accounts, compiled weekly by BanxCorp. The index offers a side-by-side comparison of rates paid by selected banks and savings institutions on small-denomination (under $10,000) savings accounts."
The BanxQuote Conforming-Jumbo Mortgage Index(tm) is typically used to analyze the historical spread between national average conforming and jumbo mortgage rates.
BanxQuote licenses its registered trademark, proprietary indices, data, analytical tools, and financial applications to third parties.
...
Wikipedia