Market Data Management as a Service

CONNECT DATA FROM ANY MARKET DATA PROVIDER

Our Market Data Management-as-a-Service (MDMaaS) solution enables buy and sell-side firms to centralize the management of vendor data feeds into their own cloud environment. The solution is built around the microservice-based architecture and technology stack Xignite has been refining and scaling for more than 10 years. Xignite’s technology platform has been 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. Now Xignite is leveraging this battle-tested data distribution architecture to offer banks and buy-side firms a market data vendor-agnostic solution, with connectors available to load data firms license from Bloomberg, Refinitiv, ICE, and numerous other providers.

The MDMaaS solution includes a suite of loosely coupled 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.

 

WHY MICROSERVICES

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.

BENEFITS OF MARKET DATA MANAGEMENT AS A SERVICE

XIGNITE ENTERPRISE MICROSERVICES

Xignite's MDMaaS solution includes a powerful suite of loosely coupled 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 vendor-agnostic and can bring transformative results to any dataset a firm may license or collect from vendors such Bloomberg, FactSet, ICE Data Services, SIX Financial, Vela Trading, QuantHouse, and many others, as well as in-house proprietary data.

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ON-PREMISE DELIVERABILITY OR MANAGED SERVICE

We can deliver MDaaS as an on-premise solution with no infrastructure set up 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.

FINANCIAL SERVICES TRUST XIGNITE

AWARDS

The innovative deployment of Xignite market Data Management as a Service has won numerous industry awards.

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