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ChartIQ, Xignite Partner for Financial Data Widgets [News]

Xignite

Waters Technology FintechCharlottesville, VA-based HTML5 financial charting provider ChartIQ and San Mateo, Calif.-based on-demand cloud data provider Xignite have released a set of market data widgets for providing financial websites, investor relations sites and mobile apps with market data.

Driven by the demands of mutual customers, ChartIQ and Xignite developed four widgets -
MarketX, InvestorX, ChartX and CalendarX - over a five-month period, after deciding to turn an
informal relationship based on serving mutual clients with overlapping needs for charts and data
into a formal partnership to develop specific tools, says Dan Schleifer, co-founder and president
of ChartIQ.

"There are companies that have a need to not only have market data, but to display it in a way
that is beautiful, engaging, responsive, and works on mobile. The systems that were out there
were just kind of very ugly ‘Web 1.0' approaches to displaying market data," Schleifer says.

"So between our expertise around not just charting, but the display of market data and making it
easy to understand and actionable, and obviously the massive breadth of data Xignite has, it
just made perfect sense that we'd partner up on it."

The concept for the four different widgets was devised in response to customer needs, with
each representing a theme that firms are using to try to modernize their offerings, Schleifer
says.

Schleifer says the HTML5 front end places the widgets at the forefront of the evolution taking
place in financial software development as firms look for more interactive technologies than
Flash, Silverlight and Java that can work on a variety of platforms.

"The reality is that in every other facet of our lives we expect everything to work as well on our
phone as it does on our laptop. When we talk about capital markets, it hasn't been that way,"
Schleifer says. "If you're a professional trader or a professional analyst, the tools you have
available on your desktop are completely different and of a different caliber than what you have 
available on mobile. At ChartIQ, our bread and butter is delivering that same professionalquality
tool from the desktop all the way down to the tablet and the phone."

The biggest benefit of the partnership is that it allows each vendor to focus on their strengths,
instead of trying to play in both the data and display spaces, which has led other companies to
failure in the past, Schleifer says.

"By doing this partnership, where we focus on the one thing that we do great, and they do the
same, it has allowed us to come up with something that's really not just incrementally better, but
a far greater magnitude better than anything else that is out on the market," he adds.

Source: Inside Market Data

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Xignite, Inc., a provider of market data distribution and management solutions for financial services and technology companies, today revealed the results of its collaboration with StockCharts, a leading technical analysis and financial charting platform for online retail investors. The collaboration involved a move from an on-premise market data provider to Xignite’s cloud-native technology hosted in Amazon Web Services (AWS). Download the case study containing the full results.

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“We are proud to have played a role in transforming how StockCharts approaches data,” said Stephane Dubois, CEO and Founder of Xignite. “The events of this year unleashed a massive spike in retail trading and a host of other unexpected forces that reinforced the need for financial services firms to leverage the cloud. Despite the disruption of this year, StockCharts was positioned for success, and we look forward to continuing to deliver our financial and market data solutions to the industry at large.”

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Xignite has been disrupting the financial and market data industry from its Silicon Valley headquarters since 2006 when it introduced the first commercial REST API. Since then, Xignite has been continually refining 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 and leverage a suite of specialized microservices-delivered modules to build efficient and cost-effective enterprise data management solutions. Visit http://www.xignite.com or follow on Twitter @xignite

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