News

Xignite Now Available in AWS Data Exchange

klangstaff@xignite.com

Provides Easy Access to End-of-Day and Historical Stock Price Data 

 

Xignite, Inc. today announced their financial data APIs  are now available in AWS Data Exchange, a new service that makes it easy for millions of Amazon Web Services (AWS) customers to securely find, subscribe to, and use third-party data in the cloud. Xignite is providing AWS Data Exchange customers with end-of-day and historical equities and ETFs trading on North American exchanges: In addition to closing prices, the data includes open, high, low, volume, and simple corporate actions data such as dividend amounts and split ratio for the securities.

Xignite is an Advanced Technology Partner in the AWS Partner Network (APN) and has achieved AWS Financial Competency status. Xignite was also one of the first market data distribution offerings available on the cloud, launching on AWS in 2009. Xignite financial data APIs have been listed in AWS Marketplace since 2014. These designations recognize Xignite for providing deep expertise and relevant technical proficiency delivering solutions seamlessly on AWS.

“As one of the first market data providers running on AWS, Xignite has recognized expertise in working with financial data on the cloud,” said Stephane Dubois, Xignite CEO and Founder. “Extending our financial data APIs from AWS Marketplace to AWS Data Exchange was a natural progression and aligns with our goal of “Making Market Data Easy,” said Dubois.

Xignite customers integrate financial data via Cloud APIs to power FinTech apps, such as robo-advisors, trading platforms, stock charts and investment analysis software. Accessed via the cloud, the company serves more than 150 billion API requests each month. Xignite’s real-time, end of day and historical reference pricing data is sourced from more than 100 data providers, including Morningstar, FactSet, MSCI and direct from global exchanges.

“As our Financial Services customers continue to move to the cloud, they’re increasingly looking to consume market data in a cloud-native way,” says Samantha Gibson, Head of Financial Services Business Development, AWS Data Exchange, Amazon Web Services, Inc. “The availability of Xignite’s data in AWS Data Exchange allows customers to seamlessly integrate data into their analytics and machine learning models running on AWS and we are looking forward to seeing the innovation from our shared customers.”

About Xignite

Xignite Makes Market Data Easy. Xignite is leading the disruption of the market data industry with its Amazon Web Services (AWS)-based financial data distribution and market data management solutions. Xignite’s Market Data Cloud Platform provides market data managers full transparency on the usage of a firm's first-level real-time and reference data - making it easy for data owners to entitle, control consumption, comply with licensing requirements, allocate costs, and resolve vendor audits or invoice discrepancies. Xignite also powers financial data-driven robo-advisors, online brokerages, and investing apps with its real-time, delayed and historical pricing data offered via 500+ REST Cloud APIs. Visit http://www.xignite.com or follow on Twitter @xignite.

RECENT NEWS

Xignite, Inc., a provider of market data distribution and management solutions for financial services and technology companies, announced it has been named to the WealthTech 100 list of the world’s most innovative technology solution providers for asset managers, private banks and financial advisors. Xignite also had 8 wealthtech clients on the list, including BUX, CFRA, Harvest Savings & Wealth Technologies, Kristal.ai, Prive Technologies, Nucoro, Sharesight and YCharts.

The wealthtech industry has seen substantial growth over the last four years, as total funding to the sector grew to almost $8 billion at the end of 2019, according to FinTech Global.

Most of Xignite’s clients who are on the WealthTech 100 list work with financial institutions and RIAs, including Harvest Savings & Wealth Technologies and Nucoro, who provide client advisory tools for financial institutions; and CRFA, Prive Technologies and YCharts, who empower investment professionals, advisors and risk managers to make smarter investment decisions on behalf of their clients. Several Xignite retail investing clients, including BUX, Kristal.ai and Sharesight, who focus on making trading accessible for all investors, also made the list.

“Xignite is thrilled to be named to the WealthTech 100 list for the second year in a row,” said Stephane Dubois, CEO and Founder of Xignite. “We are proud to play a leading role in the wealthtech industry at a time when digital wealth has grown in prevalence – a trend that has been accelerated by the coronavirus pandemic. Enabling solutions that allow individuals and families to make the most of their assets is one of the more gratifying parts of what we do. Despite current market volatility, the Xignite team is leveraging our technology to aid our clients’ digital transformation in the most efficient ways possible.”

The 2020 WealthTech 100 list recognizes the pioneering companies transforming the global investment and banking industries. To select the winners, a panel of analysts and industry experts voted from a list of over 1,200 companies produced by FinTech Global. The finalists were recognized for their innovative use of technology to solve a significant industry problem or generate cost savings or efficiency improvements across the investment value chain. A full list of the WealthTech 100 can be found at www.WealthTech100.com

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Xignite retail wealthtech clients include leading digital asset management, robo-advisors and digital brokerages, including Betterment, FutureAdvisor, ElleInvest, Robinhood, MoneyFarm, Personal Capital, SoFi, Wealthfront and WealthSimple. Xignite clients also include leading institutional investment providers developing portfolio management, analytics tools and financial planning software, including Advizr, Envestnet, Invesco, Optima Fund Management, Orion Advisor Services, SigFig, Solovis and Stifel Financial Services.

About Xignite
Xignite Makes Market Data Easy. Xignite is leading the disruption of the market data industry with its AWS-based financial data distribution and market data management solutions. Xignite’s Market Data Cloud Platform provides market data managers full transparency on the usage of a firm's first-level real-time and reference data - making it easy for data owners to entitle, control consumption, comply with licensing requirements, allocate costs, and resolve vendor audits or invoice discrepancies. Xignite also powers financial data-driven robo-advisors, online brokerages, and investing apps with its real-time, delayed and historical pricing data offered via 500+ REST Cloud APIs. Visit http://www.xignite.com or follow on Twitter @xignite.

04/29/2020

Original Blog Post

Efi Pylarinou is the founder of Efi Pylarinou Advisory and a Fintech/Blockchain influencer – No.3 influencer in the finance sector by Refinitiv Global Social Media 2019. 

Stock Exchanges are data and software businesses. Nasdaq specifically, has had a significant software infrastructure business that provides technology solutions to over 100 organizations, like exchanges, clearinghouses, Central securities depositories, and regulators in over 50 countries.

This past week Nasdaq announced that they have partnered with AWS to offer real-time market data via the Cloud. So, why is this important in the 3rd decade of the 21st century? Wasn’t Nasdaq and other exchanges delivering market data via the cloud already?

My research released that Cloud adoption for primary market data from the source, is decent But like often is the case, the devil is in the details.

First, it seems that cloud adoption of market data directly from the source is about 2-3yrs old. Fintech Xignite always comes to my mind when I think of the early disruption in this market as a classic example of a Thomson Reuters disruptor (now Refinitiv).

Xignite – a wind intensifying the Fintech fireworks was one of my blog posts during my first quarter writing on Daily Fintech in May 2015! I am getting close to 270 blog posts as we speak.

Only in late 2018, did Refinitiv start offering historical tick data to its clients via the Cloud in partnership with Google. They had to spend resources to convince their customers to stop deploying trucks full of tapes with the valuable historical tick data and storage rooms to process the data on the tapes. Their selling points included cost savings and efficiency gains in the Search for Alpha. See details here

Nasdaq has been offering historical market data of all sorts much earlier always in collaboration with AWS. Their collaborations started in 2008 with certain data-on-demand offerings! Since then, they have also collaborated with Xignite for certain on-demand data sets (as early as 2011 see here).

Their recent cloud offering, the Nasdaq Cloud Data Service (NCDS), is bringing real-time data (not delayed or historical) via the cloud. It starts with real-time data for Nasdaq TotalViewNasdaq BasicNasdaq Last SaleNasdaq Global Index Data Service (GIDS) and Nasdaq Fund Network.

One would think that real-time data via the cloud would only benefit HFT trading businesses that profit from latencies in market data. But that is not actually the case. There are several benefits to access real-time data via cloud beyond the obvious cost optimization (reduction in costs and paying for what you consume). These include real-time risk management and search for alpha, as there is not `hoping on and off` the cloud between all the departments that collaborate to monitor portfolios and the markets. Traders, middle office, and back office, can attain real-time sync with real-time access via the cloud and into the variety of applications each one of them uses.

To make this simple and clear: A trader usually has access to real-time market data (if not via the cloud, then he-she is overpaying because no one uses all the data since a trader will be focused in one area or instrument). The middle, back office and risk management do not have access to real-time data and therefore, they run their dozens of applications out of sync.

This market is clearly behind.

A recent report by Xignite and Greenwich Associates quantifies the market appetite for market data feeds via the cloud.

Screen Shot 2020-04-27 at 11.18.45

The survey shows that the market for accessing market data via cloud is ripe. However, the misconception that real-time data is not so suitable for the Cloud and for those trading (but not HFT) has not been overcome. The way I see this evolving is through realizing the benefits of Stream processing. Technologies that allow us to compute directly on data, are here and their adoption will unlock more benefits and value.

04/28/2020

New white paper makes the case for moving market data management to the cloud and provides advice for evaluating market data cloud vendors

Xignite, Inc., a provider of market data distribution and management solutions for financial services and technology companies, today published a new white paper using data provided by Greenwich Associates, a leading global provider of data and analysis to the financial services industry.

Entitled Cut the Cord on Market Data: Embrace the Power of the Cloud, this nine-page white paper includes research from Greenwich Associates on current trends in the financial industry regarding market data spending and planned adoption of the cloud for market data management as a replacement for on-premise legacy technology.

Additionally, the white paper dispels the myth that the cloud cannot handle real-time market data, provides a list of key questions that should be asked of any market data cloud vendor and identifies numerous benefits of moving market data management to the cloud including:

  • Controlling real-time and reference market data from a central hub
  • Eliminating paying for duplicate data requests
  • Allocating costs to the correct department based on individual usage
  • Ensuring compliance with data provider licensing agreements
  • Analyzing data usage patterns to unearth and eliminate unused data
  • Shifting spending from CapEx to OpEx

“93% of market data professionals we interviewed said they plan to use the cloud to manage their market data,” said Dan Connell, Managing Director, Market Structure and Technology at Greenwich Associates. “This comes as no surprise to us as financial institutions are focusing more now on profitability than revenue and the cloud has proven its ability to lower costs and bring firms gains in operational efficiency.”

“We’ve been in the public cloud since 2007, so it’s taken a long time for the industry to catch on to the trend. But now, the benefits are clear and even the largest financial institutions are not holding back. Moving market data onto a single platform in the cloud provides transparency, control and drastically reduces costs,” said Stephane Dubois, Founder and Chief Executive Officer of Xignite. “By 2025, nobody will want to still operate on-premise market data infrastructure and we expect most of it to have migrated to the public cloud by then.”

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The white paper can be downloaded at https://www.xignite.com/resources/cut-the-cord-on-market-data/

About Xignite
Xignite Makes Market Data Easy. Xignite is leading the disruption of the market data industry with its AWS-based financial data distribution and market data management solutions. Xignite’s Market Data Cloud Platform provides market data managers full transparency on the usage of a firm's first-level real-time and reference data - making it easy for data owners to entitle, control consumption, comply with licensing requirements, allocate costs, and resolve vendor audits or invoice discrepancies. Xignite also powers financial data-driven robo-advisors, online brokerages, and investing apps with its real-time, delayed and historical pricing data offered via 500+ REST Cloud APIs. Visit http://www.xignite.com or follow on Twitter @xignite.

04/14/2020

Xignite’s Market Data Cloud Platform Named Finalist in Best Financial Management Solution and Best Financial & Market Data Solution Categories

Xignite, Inc., a provider of market data distribution and management solutions for financial services and technology companies, today announced its Market Data Cloud Platform was named a finalist for Best Financial Management Solution and Best Financial & Market Data Solution as part of the 2020 SIIA CODiE Awards.

The Xignite Market Data Cloud is a single platform that unifies financial data consumption and market data management — all delivered as a service in the cloud. The solution provides financial institutions and technology companies a scalable way to manage, control and optimize their real-time and reference data across traditional systems and cloud applications. The infrastructure enables institutions to reliably migrate their market data infrastructure to the cloud, which will be needed more than ever before in a post-pandemic world, and to create new products and services for their clients that are unrestricted by legacy technology.

“It’s amazing to see how far Xignite has come since 2008 when we launched the industry’s first market data platform built natively to run in AWS,” said Stephane Dubois, Founder and Chief Executive Officer of Xignite. “Twelve years later not only has our all-cloud strategy been overwhelmingly vindicated by the industry, but to have our platform recognized by the SIIA is a testament to our commitment to innovation and high-touch client service.”

Acknowledged as the premier awards program for the software and information industries for 35 years, the SIIA CODiE Awards are produced by the Software & Information Industry Association (SIIA). SIIA is also the parent company of Financial Information Services Association (FISD), the global forum of choice for industry participants to facilitate the evolution of financial information for the key players in the value chain including consumer firms, third party groups and data providers.

More information about the CODiE Awards is available at http://siia.net/CODiE.

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About Xignite
Xignite Makes Market Data Easy. Xignite is leading the disruption of the market data industry with its AWS-based financial data distribution and market data management solutions. Xignite’s Market Data Cloud Platform provides market data managers full transparency on the usage of a firm's first-level real-time and reference data - making it easy for data owners to entitle, control consumption, comply with licensing requirements, allocate costs, and resolve vendor audits or invoice discrepancies. Xignite also powers financial data-driven robo-advisors, online brokerages, and investing apps with its real-time, delayed and historical pricing data offered via 500+ REST Cloud APIs. Visit http://www.xignite.com or follow on Twitter @xignite.

04/09/2020