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Xignite CloudAlerts API Lets Fintech Developers Empower Investors with Real-Time Market Event Notifications

Xignite

The Scalable Market Data API Provides Real-time Notifications of Market Events Such as
Price Movements or Volume Breakouts

CloudAlerts fintech xigniteFINOVATE EUROPE  2016 – LONDON – Xignite, the leading provider of market data cloud solutions for financial services, today introduced Xignite CloudAlerts—a next-generation market data API that lets fintech developers alert  investors and users by automatically notifying them of real-time market events and conditions, such as price movements or volume breakouts.

“Millennials are impatient and expect instant updates,” says Stephane Dubois, CEO and Founder of Xignite. “This means that next generation fintech applications must provide more customized, real-time capabilities to keep them engaged. Doing this today requires a lot of code and processing power, but with Xignite CloudAlerts, you can add this functionality to any robo-advisor, trading, wealth management or research app or platform in minutes and see your customer adoption and satisfaction rocket as result—even if you have millions of them.”

Building a market alert infrastructure for large numbers of users has historically been complex and time-consuming. Not only must fintech platforms manage huge quantities of investor preferences, but they must also reliably handle the processing of millions of exception conditions occurring on massive real-time data streams. Xignite CloudAlerts eliminates all of that. CloudAlerts is a simple zero-footprint REST API that developers can call directly from their web or mobile apps. When an alert triggers, Xignite CloudAlerts calls the fintech application back so that developers can notify users by SMS, email or popping an alert on their screen.

Xignite will offer CloudAlerts APIs for global real-time and delayed quotes for stock, indices, and options, as well as precious metals prices and foreign currency exchange rates. CloudAlerts can be set to trigger on virtually any type of market condition such as price movements, volume triggers, historical level breakouts, etc.

“Xignite CloudAlerts is a perfect demonstration of what is happening with the cloud”, adds Dubois. “It used to be that firms had to do all market data processing in-house and run exorbitant infrastructures as a result—something they can no longer afford. Now, all of this is moving down to the market data cloud layer and is run as a service. In a few years, most market data processing run in large financial institution will have moved to the cloud.” 

ABOUT XIGNITE

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Named to the Forbes Fintech 50 List, Xignite, Inc. provides cloud-based financial market data APIs to help emerging companies and established enterprises deliver real-time and reference market data to their digital assets, such as websites and mobile apps. Xignite’s clients include more than 1,000 financial services, media and software companies from disruptive fintech firms, such as BettermentFutureAdvisorMotif InvestingPersonal CapitalRobinhoodStockTwitsWealthfront and Yodlee, to leading financial institutions, exchanges and market data vendors. 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

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.

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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

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