Market Data Management

TRANSPARENCY, CONTROL, OPTIMIZATION

 

The Xignite Market Data Cloud platform enables full transparency of market data distributed across the enterprise. Our Market Data Cloud platform aggregates, centralizes, catalogs and manages first-level real-time, delayed, end of day, historical and reference data licensed from vendors. A single platform providing the tools to control data flow, entitle users and systems, seamlessly integrate with downstream systems, manage consumption, allocate costs and avoid vendor compliance risk. Reduce your overall spend through optimization of data access and dissemination across businesses and users. Hosted in the AWS public cloud, the Xignite Market Data Cloud platform delivers a high level of scalability and security at the lowest cost for your most mission-critical applications.



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Richard Weston

Former Director and Global Head of Market Data, BMO Financial Group
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I had a licensing issue. I needed to understand which data license accounts were downloading third party data, and how many times, but I did not know who was using the account. Xignite created a centralized access point, which allowed us to expose our catalogue of market pricing and reference data without significant re-engineering costs. Our users can pull data into portals, proprietary in-house systems and applications in a matter of minutes because the data is easy to find and access.  Our cost transparency increased significantly and we will pay for the solution within a year to two years’ time, through hard dollars and optimization.

 

THE XIGNITE MARKET DATA CLOUD PLATFORM

REAL-TIME MDM TO DATA OPTIMIZATION

 

Real Time Data Management Migrate on-premises infrastructure and real-time data sources to the cloud. Support data flow and distribution to drive innovation across digital ecosystems. Reduce total cost of ownership and minimize compliance/audit risk.

Data Management & Optimization Connect and integrate delayed, end of day, historical and reference data from across the enterprise. Streamline data flow via unified cloud API distribution platform. Optimize data requests, gain insight into consumption patterns and eliminate redundant spend.

BENEFITS OF THE XIGNITE MARKET DATA CLOUD PLATFORM

KEY CAPABILITIES

The Xignite Market Data Cloud platform does not require any hardware so you can deploy it in a matter of days. It consists of several robust, highly-scalable, hosted service layers designed to help you control the distribution of your first-level data.

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ON-PREMISE DELIVERABILITY OR MANAGED SERVICES

We can deliver our Market Data Cloud platform solution as an-premise solution with no infrastructure setup for maintenance costs. If you prefer, we also offer this solution as a Managed Service and Xignite can host your solution on our instance of AWS.

USE CASES

Market Data Optimization

 

  • Optimize your organization's market-data usage to increase transparency and reduce data costs.
  • Provides visibility into all sources and users of market data, eliminate redundancy.
  • Client payback time is 12 months, approximate savings of $3 million – 30% from market data cost reduction.

Market Data Hub

 

  • Central utility can integrate real-time consolidated feeds and proprietary data sets.
  • Eliminate point-to-point single-point connections to front and, middle-office systems.
  • Track and control permissioning, reducing vendor and exchange compliance risks.
  • Reduce TCO by eliminating on-site data infrastructure.
  • Manage data-vendor connections while maintaining consistent connections to internal systems.

Shared Data Lake

 

  • Create a central source of market data (a “lake”) to eliminate data silos and redundant data purchases across the organization.
  • Data can include vendor-sourced and internally-generated data.
  • Eliminate redundant desktop vendor terminals while providing tools to catalog data and control data distribution.
  • Scale to support the changing global business as well as help drive the organizations product innovation.

FINANCIAL SERVICES TRUST XIGNITE

AWARDS

The innovative deployment of the Market Data Cloud Platform at BMO Financial has won numerous industry awards.

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