San Mateo, CA — February 2, 2010 — BGCantor Market Data L.P., (BGCantor Market Data), a leading provider of fixed income, credit and derivatives market data and subsidiary of BGC Partners, Inc. (Nasdaq: BGCP), in association with Xignite, Inc., a leading cloud services provider of on-demand financial market data and Web services, today announced that BGCantor Market Data is now offering its data directly to customers through BGCantor On-Demand, a new on-demand financial web services solution powered by the XigniteOnDemand platform. BGCantor On-Demand offers BGCantor’s market data available directly over the Internet at www.bgcantorondemand.com.
Companies are increasingly using Web services technology to streamline their access to financial market data. Web services let market data providers deliver market data on an on-demand basis, providing only the data that is needed in real-time just when it is needed. The data is designed to be application-ready, eliminating the time and cost of on-site data management.
BGCantor On-Demand is designed to provide a wide range of fixed income and derivatives data, including benchmark treasury, fixed income, foreign exchange, emissions, futures and credit derivatives data.
With the launch of the BGCantor On-Demand product, BGCantor Market Data plans to open new channels for distributing its data while aiming to provide more value for their existing customers. BGCantor Market Data plans to use BGCantor On-Demand to provide an affordable solution to middle office asset managers and portfolio managers who require timely market data but do not require a full data feed. BGCantor Market Data's front office customers will also be able to augment their existing data feeds with additional data by taking advantage of the flexible usage-based pricing model of BGCantor On-Demand.
"We're truly excited to be able to offer our customers a new way to access our market data," said Bernie Weinstein, Executive Managing Director and head of BGCantor Market Data. "Our customers depend on us to deliver the data they need, when they need it and using an innovative technology like Web services we can provide even more flexibility. Xignite has provided a turnkey solution, which is quick and easy to implement, enabling us to respond efficiently to our customers' demands."
BGCantor Market Data leveraged the XigniteOnDemand platform to accelerate its time to market, developing Web services with the high performance and scalability of cloud computing. The sales process is further supported with the provision of an integrated Web site and a turnkey administrative portal for managing both the technology and customer accounts.
Xignite launched its XigniteOnDemand platform in 2009 to help exchanges and other financial marketplaces further expand their reach by serving previously untapped markets and delivering greater value to customers. The platform turns traditional flat files and data feeds into application-ready Web services available on the cloud. Cloud-based delivery eliminates the need for expensive and time-consuming data management infrastructure allowing financial IT departments, application developers, portfolio managers, asset managers, and other users of market data to reduce costs and accelerate application development. Giving exchanges and other financial marketplaces a better way to serve a large, untapped market, Xignite's on-demand market data distribution platform offers the potential to accelerate their revenue growth by leveraging cloud computing technology.
The XigniteOnDemand platform supports BGCantor Market Data's aim to help customers reduce costs and enhance the value of the data it provides by on-demand delivery, serving exactly the right amount of data just when it is needed directly over the Internet.
"BGCantor Market Data has proven its leadership once again," according to Stephane Dubois, CEO, Xignite. "It's the first company in its space to offer market data on-demand over the Web to its customers using Xignite's private-label platform. BGCantor Market Data will leverage the new platform to expand its business by making its data more accessible, easier to integrate, and further cost effective and that's a win-win for BGCantor Market Data and its customers."
BGCantor Market Data and Xignite plan to work closely together to continue to add value for BGCantor's customers by building innovative market data solutions into BGCantor On-Demand.
About BGCantor Market Data, LP
BGCantor Market Data, LP, a subsidiary of BGC Partners, Inc. (Nasdaq: BGCP) is one of the world's premier suppliers of real-time, tradeable, indicative, end-of-day, and historical fixed income and derivatives data. As the exclusive source for market data derived from BGC Partners broking activity, BGCantor Market Data's products and services are used by finance professionals for price discovery, analysis, risk management, portfolio monitoring and valuation, and research. BGCantor Market Data's product suite spans fixed income, interest rates, foreign exchange, foreign exchange options, credit derivatives, structures products, and analytics. BGCantor Market Data's products are available via direct data feed and the Internet, and through vendors such as Bloomberg, Thomson Reuters, CQG, DTN, eSignal, and SunGard.
About BGC Partners, Inc.
BGC Partners, Inc. (Nasdaq: BGCP) is a leading global intermediary to the wholesale financial markets, specializing in the brokering of a broad range of financial instruments. BGC Partners' proprietary technology operates multiple real-time electronic marketplaces for the world's capital markets. Its customers include many of the world's largest banks, broker-dealers, investment banks, trading firms, hedge funds, governments and investment firms. Named after financial markets innovator, B. Gerald Cantor, BGC Partners has 19 offices worldwide. For more information, visit http://www.bgcpartners.com.
About Xignite
Xignite is the leading cloud services provider of on-demand, Web services for professional-grade financial market data and applications, fulfilling more than one billion service requests per month. Xignite offers the broadest selection of financial Web services available today with more than 50 solutions covering domestic and global equities, commodities, currencies, fixed income and interbank interest rates, analyst predictions, company fundamentals, corporate information and news. Xignite solutions power mission-critical applications for portfolio management, sales management, trading, investor relations, executive dashboards, asset pricing, ERP, accounting, e-commerce, online games and financial Web sites for more than 600 global clients, including Citi, GE Commercial Finance, Wells Fargo, ING, Marsh & McLennan, Forbes.com, NetSuite, kaChing.com, Wolfram|Alpha, Seeking Alpha, Starbucks, and Wendy's. For more information, please visit www.xignite.com or call 1-866-XML-SOAP.
Media Contact:
Annie Klein
Schwartz Communications
Telp: (415) 512-0770
Email: xignite@schwartz-pr.com
Courtney Goldstein
BGCantor Market Data
Telp: (212) 294-7942
Email: cgoldstein@bgcpartners.com
Partners with ESG Book to Drive Investor Sustainability Engagement
SAN MATEO, Calif., April 12, 2022 /PRNewswire/ -- Xignite, Inc., the leading provider of market data APIs to brokers and wealth managers, announced the launch of a new Environmental, Social and Governance (ESG) data API in partnership with ESG Book, a global leader in ESG data and technology. Xignite's brokerage, wealth, and media customers can now increase user engagement and retention with state-of-the-art sustainability trading products.
As ESG investment has gone mainstream, today's digital investors, institutional investors, and corporations alike require ESG data to help them answer questions that range from a company's workforce diversity to its commitment to a net zero future. In this context, brokers and wealth managers can use ESG data to increase client engagement around their portfolios and differentiate their offerings in a very fragmented marketplace.
"We are thrilled to extend our highly scalable and advanced API platform to include ESG Book's real-time sustainability dataset. With the recent SEC announcement of proposals for climate disclosure, the momentum for sustainability data in the U.S. just keeps on building. If you do not offer ESG data and portfolio analytics to your clients today, you will run into growth and retention challenges," said Stéphane Duboi, the CEO of Xignite.
Dr Daniel Klier, CEO of ESG Book, said: "As capital markets transition towards a more sustainable, net-zero future, demand for accessible, comparable and transparent ESG data has never been higher. We are delighted to be partnering with Xignite, a global leader in API solutions, to deliver our real-time ESG data products to clients at both speed and scale through the latest cloud technology."
Xignite's new ESG API is designed to fast track the launch of ESG powered products. Transparent, well-structured and easy to understand ESG datasets eliminate the need for robust in-house ESG expertise. Advanced screener endpoints further simplify development by eliminating the need to maintain a database.
XigniteGlobalESG API covers a comprehensive universe of public companies domiciled in North America, EMEA, APAC, and Latin America. In addition to ESG scores, this API provides Global Compact scores, involvement data, temperature scores, and raw emissions data.
About Xignite
Xignite is the leading provider of market data API solutions to brokers, wealth managers, and the tech firms who serve them. Xignite has been disrupting the market data industry from Silicon Valley since 2003 when it introduced the first commercial REST API. Today, more than 700 firms use Xignite's APIs more than half a trillion times a month to deliver high-value data to digital investors. Visit xignite.com or follow us on Twitter @xignite.
About ESG Book
ESG Book is a global leader in sustainability data and technology. Through a cloud-based platform, ESG Book makes sustainability data more widely available and comparable for all stakeholders, enables companies to be custodians of their own data, provides framework-neutral ESG information in real-time, and promotes transparency. It counts many of the world's leading financial organisations among its clients, which collectively manage over $120 trillion in assets. www.esgbook.com
04/12/2022
Sales Up 50%. API Volumes Now Exceed Half a Trillion per Month.
Xignite, Inc., the leading provider of market data APIs to brokers and wealth managers, announced that 2021 was a banner year for its business. Xignite experienced more than 50% growth in new client bookings over 2020. Most of this growth was fueled by heavy demand from new brokerage and wealth management applications as more firms entered the business. Xignite also saw a 53% increase in API consumption to a whopping half a trillion requests a month - driven mainly by increased activity from digital investors as they consumed more and more data during the pandemic.
The Digital Investor Revolution was created by the convergence of zero-cost trading, fractional shares, working from home, the pandemic, and the emergence of a new and more powerful generation of retail investors. This has created significant momentum in trading and wealth management, primarily US-based equity and options trading. And it has fueled the entrance of a considerable number of new prominent players in the field, especially embedded finance providers. It all came to light in early 2021 with the Reddit and Gamestop phenomenon. But it has not proven to be short-lived. The transformation could be profound. Indeed Xignite saw its momentum accelerate in Q4-2021, with bookings growth exceeding 310% over the same quarter in 2020.
“Xignite is one of the oldest and most scalable commercial API infrastructures globally. It’s not a surprise that our clients have grown to rely on us for their mission-critical business needs,” says Stephane Dubois, Xignite’s CEO and Founder. “It’s not only the mind-numbing volumes that we have to deal with,” adds Dubois, “It’s also the 4-nine+ level of availability we deliver day in and day out coupled with the awesome market data quality and the high touch responsiveness of our support teams. These metrics matter to large embedded finance firms entering the business or legacy firms migrating to the cloud. They spend tens of millions of dollars entering the business. They don’t want to see it evaporate because of poor data quality or API availability.”
About Xignite
Xignite powers the investing apps and services that enable millions of people to manage their portfolios and trade stocks from a phone or tablet with the industry’s best financial market data APIs. We help more than 700 fintech trading, investment, and analytics firms like Robinhood, SoFi, and Betterment provide digital investors with the market data they need, such as real-time stock prices and company news. Visit xignite.com or follow on Twitter @xignite.
03/10/2022
Xignite, Inc., the leading provider of market data APIs to brokers and wealth managers, announced the launch of a new cryptocurrency data API. Xignite’s brokerage, wealth, and media customers can now increase the value and stickiness of their services to digital investors by taking advantage of the depth and breadth of data offered by this API.
Investment in cryptocurrencies has increased dramatically over the last few years and has proven to draw new investors into the world of trading. As a result, brokerage companies are trying hard to make buying, selling, and holding Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and other cryptocurrencies as easy as possible for their clients. The XigniteCrypto API is the first to bring together a vast universe of cryptocurrency information alongside the equity, ETF, and option data brokers and fund managers need to offer high-quality services to their clients. It also provides the depth of functionality required for them to engage customers and drive trading activity
“Cryptocurrencies tend to operate in their own world,” said Stephane Dubois, CEO, and Founder of Xignite. “This means that if you want to offer integrated equity, option, and crypto trading or analytics for your clients, you are going to have to cobble up a lot of heterogeneous data from many disparate sources, and that’s a pain,” adds Dubois. “With our new crypto API, you get the depth of coverage, the quality, and the reliability across all asset classes you need to grow your business - all in one integrated solution.”
Xignite’s new cryptocurrency API, XigniteCrypto, provides real-time and historical quotes for over 900 cryptocurrencies, including coins and tokens. It includes unique API endpoints that help firms engage digital investors, using the data and tools they need to make crypto trading decisions, including price alerts, historical charting, currency conversion, and cryptocurrency news.
About Xignite
Xignite is the leading provider of market data API solutions to brokers, wealth managers, and the tech firms who serve them. Xignite has been disrupting the market data industry from Silicon Valley since 2003, when it introduced the first commercial REST API. Since then, Xignite has continually taken advantage of new technologies to help its clients grow their business and serve their customers better by using financial market data effectively. Today, more than 700 firms use Xignite’s APIs more than half a trillion times a month to deliver high-value data to digital investors. Visit xignite.com or follow on Twitter @xignite.
02/15/2022
Xignite, Inc., a cloud-based market data distribution and management solutions provider for financial services and technology companies, announced a new Vendor of Record service for clients subscribing to real-time and delayed market data. The new service vastly simplifies the administration and reporting required by exchanges and often eliminates the need to pay redistribution fees, potentially saving clients thousands of dollars a month.
As an approved Vendor of Record, also called a Service Facilitator, Xignite can redistribute real-time and delayed equities and options pricing data from Nasdaq, New York Stock Exchange (NYSE), Options Price Reporting Authority (OPRA), OTC Markets (OTCM), and the Toronto Stock Exchange (TSX).
Adhering to the complex compliance guidelines required by exchanges is extremely difficult for investment advisers, financial advisers, or order management software providers that need to display real-time or delayed data. Each exchange has its own unique set of regulations and compliance requirements, and clients need to prove that they have control over who receives the data, in what format, and for what use case. Xignite’s Vendor of Record service eliminates the administrative burden of tracking these complex compliance requirements.
The new service utilizes Xignite’s cloud-native Entitlements and Usage Microservices to give firms complete control and transparency of their data consumption and usage. Xignite provides data entitlements, usage tracking, and exchange reporting across various data sets, users, and applications to ensure exchange compliance. Xignite’s new service sometimes eliminates the need to pay expensive redistribution fees. Exchange fees for display data, regardless of the number of users, can cost upwards of $10,000 per month. These high fees are especially difficult for smaller financial firms with just a few real-time data users.
“Maneuvering through the maze of required compliance policies, entitlements, usage tracking, and reporting requirements, and being subjected to frequent audits is no easy feat,” said Vijay Choudhary, Head of Product for Xignite. “Xignite’s mission is to “Make Market Data Easy.” Today’s announcement is another step towards this. We are taking away the administrative burdens and complexity of licensing market data and allowing our clients the freedom to focus on their investment and trading strategies and building innovative products.”
Xignite’s Vendor of Record service is available for professional users with internal and display-only use cases. The service is available now as an add-on service for subscribers of our real-time and delayed equities and options pricing data APIs. These include:
About Xignite
Xignite has been disrupting the financial and market data industry from its Silicon Valley headquarters since 2003 when it introduced the first commercial REST API. Since then, Xignite has continually refined its technology to help Fintech and financial institutions get the most value from their data. Today, more than 700 clients access over 500 cloud-native APIs to build efficient and cost-effective enterprise data management solutions. Visit xignite.com or follow on Twitter @xignite.
09/21/2021
