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Leading Market Data Provider Shortlisted for 2015 FTF News Technology Innovation Awards

Xignite

Xignite Recognized as Industry Leader in Cloud-Based Solutions for Financial Services

Xignite, the leading provider of cloud-based financial market data, announced today that it has been shortlisted in the category of Best Cloud Provider for the 2015 FTF News Technology Innovation Awards.

The nomination recognizes Xignite for its Market Data Cloud, which provides a platform for hosting and distributing global financial market data from more than 170 exchanges and is considered the global leader in cloud-based data solutions. Through its seamless integration of real-time, historical and reference market data via its APIs, Xignite Market Data Cloud empowers today’s leading fintech disruptors and major financial institutions to innovate by enabling them to quickly and easily integrate market data into any application, including websites, mobile apps, SaaS or enterprise projects more quickly than ever before.

“Xignite was built on the conviction that true innovation in financial services depends on rapid, reliable access to market data, the lifeblood of the industry today,” said Stephane Dubois, CEO of Xignite. “Efficient data infrastructure is critical to financial firms’ digital evolution and to the continued growth of fintech, and we are thrilled that FTF News has recognized our company’s advanced product offering in this space. This nomination is a true testament to Xignite’s leadership both in financial services and fintech, as our Market Data Cloud is the most powerful market data distribution platform available today.”

Unlike existing data solutions, Xignite Market Data Cloud eliminates the data silos that make it difficult to manage the volume, distribution, reconciliation and compliant use of market data feeds. Its cloud-based infrastructure allows financial firms to centralize and streamline data while simplifying the process of retrieving it and sharing it across departments, helping large institutions proactively respond to emerging technologies. In addition, Xignite Market Data Cloud offers a highly cost-effective solution for emerging startups that may otherwise lack the resources for costly market data. As a result, the platform is a key enabler of innovation and entrepreneurship in the growing FinTech field.

The FTF News Technology Innovation awards occur annually and serve to honor the professionals, financial technology vendors, service providers, industry bodies and regulators that have made significant achievements in operational excellence. Voting is open until March 25, 2015, and final winners will be announced on April 21, 2015.

ABOUT XIGNITE

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Xignite, Inc. is the leading provider of market data cloud solutions. Xignite makes sourcing and integrating real-time and reference market data into apps and devices easy and more cost-effective than alternative data feeds. The Silicon Valley-based company is helping fuel fintech innovation by powering web sites and apps for more than 1000 financial services, media, software and corporate clients, including fintech innovators Wealthfront, Betterment, Personal Capital, Motif Investing, Robinhood, StockTwits, and Yodlee. The company’s platform also powers private data distribution solutions for exchanges, market data vendors and financial institutions, including NASDAQ OMX, SIX Financial Information and BMO. For more information, visit http://www.xignite.com or follow on Twitter @xignite.

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In order to know about precious metals live and historical rates, there’s a lot of APIs available online, and if you want to try one, Barchart is going to be one of your first options. But if you take a look at what else is in the market, you’ll find alternatives so many great alternatives:

Xignite Market Data Cloud Platform

Xignite Market Data as a Service was one of the first market data services built to run in AWS and they are one of the few vendors that is an AWS Advanced Technology Partner with a Financial Services Competency.

With more than a decade of cloud expertise in building, scaling and operating cloud-based market data technology, it is no surprise that leading financial services and capital markets firms rely on this company to empower their journey to the cloud. Their Metals API Service offers real-time prices and quotes for metals including Gold, Silver, Palladium, Platinum and other base metals. In addition to real-time precious metals prices, the service provides daily London Fixing prices as well as historical precious metal prices and metal news. 

Xignite Cloud APIs are sourced from leading providers such as FactSet and Morningstar as well as Xignite’s own curated, high-quality data.

Read the article Top 3 Alternatives for Barchart Precious Metals Rates

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Each year, Bobsguide asks the market to vote for fintech companies they believe stand out from the competition – those who have gone the extra mile in terms of development and servicing their clients. Xignite is proud to be listed as the "Best API Management" vendor on the Bobsguide 2020 Rankings.


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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.

StockCharts requires vast quantities of financial data to power its visualization, charting and tracking tools, which investors use to analyze the markets to help with investment decisions. The company was frustrated by the limits of its on-premise market data center, which was forcing the team to make architectural decisions based on what its data center could handle in terms of speed and storage, not on their technology. Its previous market data provider was just starting to build out some cloud offerings, but they were far away from what the business required. StockCharts decided to migrate its infrastructure to the AWS cloud and partner with Xignite to gain access to endlessly scalable market and financial data delivered through innovative cloud APIs.

The collaboration made an immediate impact as StockCharts was able to expand its offerings and customer base by pursuing growth strategies enabled by Xignite’s cloud-based approach, which provides easy access to data and eliminates architectural limits on storage and speed.

The pandemic provided further validation. Seattle-based StockCharts was in one of the first areas hit by COVID-19 and was forced to quickly shut down its office. Pandemic-driven market volatility followed and StockCharts customers wanted to visualize what was happening. The company’s ability to scale quickly and accommodate a high volume of new requests would not have been possible without Xignite.

“The move to the AWS cloud and Xignite has unlocked tremendous new potential for us in a lot of architectural ways, and has given us a lot of data options that we could not even consider before,” said Grayson Roze, Vice President of Operations at StockCharts. “It relieved us of the burden of figuring out how to source things. Instead, we know exactly where we need to go to get the data and can access it instantly. That is a huge, huge benefit for our business.”

“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.”

Xignite

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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