For buy-side and sell-side financial institutions, accessing, integrating, and managing market data across the front-, middle- and back-office is difficult and expensive. On-premise legacy technologies are inflexible and lack transparency. This makes it challenging for data management, operations, and IT teams to allocate costs, reconcile data vendor invoices, manage entitlements and reduce spend. Xignite's Market Data Management as-a-Service can help.
This pricing and reference data cost optimization solution provides complete control and transparency into your market data consumption. Our cloud-native solution is hosted in your AWS instance and provides a centralized dashboard to control data usage, identify unused datasets, and eliminate duplicate call requests. Our solution is data vendor-agnostic and has connectors to leading data sources such as SIX, Morningstar, FactSet, and others.
Watch our explainer video - learn how we can help you allocate market data costs, reconcile data vendor invoices, manage entitlements and reduce spend.
Our market data management solution is built around the microservice-based architecture and technology stack Xignite has been refining and scaling for more than 10 years. Our technology platform is the backbone of our Data as a Service business, daily supporting 12 billion API requests of financial data for their 700 fintech and financial services clients. The Market Data Management as-a-Service solution includes modules that allow market data user firms to control their data usage, automate entitlements, optimize their data spend and minimize liabilities by simplifying data governance and ensuring regulatory compliance.Microservices are an architectural approach in which core functionality is handled by loosely coupled, independently deployable components that can work together or separately. Because you can deploy microservices as separate functional units, you can pick and choose the functionality you want and scale them massively at the lowest possible cost. Microservices stand in stark contrast with monolithic platforms that require many dedicated on-premise servers that are expensive to manage, often under-utilized, can’t scale on-demand, and require frequent updates and upgrades for even minor changes. Most enterprise platforms also require firms to pay for capabilities that are not needed.
Xignite's market data management solution includes modules that allow market data user firms to control their data usage, automate entitlements, optimize their data spend and minimize liabilities by simplifying data governance and ensuring regulatory compliance. The modules are data vendor-agnostic and can bring transformative results to any dataset a firm may license or collect from numerous market data vendors, as well as in-house proprietary data.
The innovative deployment of Xignite Market Data Management as a Service has won numerous industry awards.