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[Webcast] Xignite, Wealthfront and Independent Research Firm Analyst Address the Automated Investment Service Revolution

Xignite

Leaders from major financial technology start-up companies Xignite and Wealthfront, join guest speaker Bill Doyle, Vice President and Principal Analyst at Forrester Research, Inc., to provide their insights into a new digital era, which is revolutionizing the wealth management sector and challenging traditional wealth management advisory models.

In a webcast, now available, Stephane Dubois, CEO and Founder of Silicon Valley-based financial cloud-based market data provider Xignite; guest speaker Bill Doyle, Vice President and Principal Analyst at Forrester Research, Inc.; and Andy Rachleff, Executive Chairman of Wealthfront, an automated investment service provider, examine and discuss the key technological drivers that are making this revolution possible and provide their views on the future for the wealth management industry.

The financial services industry has undergone significant changes in the last twenty years with the proliferation of digital technologies that have made traditional bank branches and models of service almost obsolete. These developments have set the stage for the arrival of new FinTech companies entering the wealth management space, who are challenging the status quo by better serving the needs of wealth management customers through delivering advice and information using technology.

Millennials as a generation are digitally savvy and have more than $2 trillion in investable assets, a number that is expected to rise to $7 trillion over the next five years. This is creating market opportunities for FinTech standouts such as Wealthfront, who are providing their own online wealth management advice platforms which deliver information and advice through the digital channels.

According to Rachleff, the growing investor appetite of Millennials, coupled with their comfort with digital channels and the rapid technological improvements such as more usable software and more efficient information delivery have created the perfect set of factors for revolutionizing the wealth management and advice space.

“One of the biggest drivers of the changes we are seeing in wealth management has been availability of data. In order to rapidly innovate in today’s competitive market, you need access to data,” said Rachleff.

“Companies like Xignite are fueling the wealth management technology disruption by providing start-ups with easy-to-integrate and affordable data that is delivered using financial data APIs.  This has enabled companies like Wealthfront to access information electronically, which has significantly reduced costs.  Ultimately, up and coming start-ups now have access to information traditionally they could not afford.”

“Market data is the lifeblood of FinTech and firms rely on the flow of data coming in from the market in order to build a business,” said Dubois. “At Xignite, we demystify the world of market data and make it affordable to the broader marketplace. Driven by client demand, the wealth management digital revolution is an extremely popular business vertical and we are pleased to be driving the innovation through our scalable offering.”

Key insights into the Wealth Management Digital Revolution are available on a webcast.  The panelists discuss a variety of trends rapidly evolving in this space, including:

  • Why Venture Capitalists are pumping money into FinTech
  • What Millennials expect from an investment service
  • The technologies that enabled Wealthfront -  ETFs & data APIs
  • What FinTech startups need to know about market data

Register for Webcast

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In the foreign metal market and the world of international rates, currencies play the crucial role of acting as the medium of exchange in the transactions that take place.

Currencies like the United States dollar, the Euro, or the British Pound are commonly used around the world in order to get a metal rate. Some companies that offer precious metal live and historical rates have exposed their APIs (Application Programming Interfaces) to allow developers to integrate current and historical metal rates, currency conversion, or other capabilities into their applications.

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

02/25/2021

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.


Read article on Bobsguide

01/26/2021

Web services data provider Xignite captured the AFTAs judges’ attention on the infrastructure front with its release of Xignite Enterprise Microservices in July 2020, a suite of cloud-based microservices for data management, storage and distribution in the cloud, designed to help financial firms migrate from monolithic legacy data architectures to more agile and less expensive cloud services and data sources.

Requires subscription to read the article on WatersTechnology

01/25/2021

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

01/12/2021