SAN MATEO, Calif.--May 17, 2010--(BUSINESS WIRE
)--Xignite, Inc., the leading cloud services
provider of on-demand financial market data
and on-demand data distribution technologies
, announces that Dow Jones & Company has signed on with Xignite to power the Dow Jones Investment Banker
, a solution that offers an intelligence edge that bankers need to deliver advice, develop deal ideas and connect to corporate executives. Xignite’s financial cloud services allowed Dow Jones to eliminate development time and costs associated with managing market data in-house and quickly bring Dow Jones Investment Banker
"Our goal is to help financial services professionals turn information into insight," said Joe Lanza, president of financial markets, Dow Jones& Company. "Using Xignite Web services allows us to focus on that goal and provide our clients with what they value most like fast-breaking news, sharp-edged opinion and analysis and advanced data visualization."
Xignite is the only on-demand market data provider of financial Web services that meet the standards of reliability and scalability required by professional financial services applications. The new Dow Jones Investment Banker solution delivers breaking news, opinion, research, data visualization and executive connections, supplying investment bankers and analysts with the news, information and market intelligence they need to monitor events, trends and executives, support strategic advisory engagements and continuously feed idea-generation. Xignite financial Web services
augment these services with real-time U.S. stock quotes, global stock quotes, stock fundamentals and market indices.
"Achieving market leadership in the financial services industry requires that companies concentrate on their core strengths and outsource all activities that distract from this focus," said Stephane Dubois, CEO of Xignite. "By sourcing financial market data from the cloud using Xignite Web services, Dow Jones ensures that their customers receive the accurate and timely financial data they need, while freeing their own resources to focus on the news and analyses that help them make intelligent and game changing decisions."
About Dow Jones Investment Banker
Dow Jones Investment Banker is a flexible solution that offers the deep intelligence edge that every banker needs to provide advice, generate ideas and connect to clients. Dow Jones Investment Banker delivers the best of Dow Jones - news, opinion, research, data visualization, executive connections - in a suite of customizable components designed for smooth integration into the proprietary portals and applications essential to bankers and analysts. For more information about the solution, visit www.dowjones.com/banker
Xignite is the market leader in on-demand financial market data distribution—fulfilling more than three billion Web service requests per month. Xignite directly offers the industry’s broadest online selection of financial Web services covering global stock quotes, stock research and analysis, commodities, currencies, futures, options, fixed income, company financials and market news. More than 700 global clients use Xignite solutions in mission critical applications for the front, back and mid-office, investor relations, e-commerce, wireless apps and financial websites, including Citi, GE, Wells Fargo, ING, BNY Mellon, Dow Jones, Forbes.com, SeekingAlpha, ExxonMobil, Starbucks, and Barrick Gold. The XigniteOnDemand platform also powers on-demand market data distribution for global stock exchanges, electronic trading venues, brokers and leading market data providers including the CME Group, BgCantor and Pearson. For more information, please visit http://www.xignite.com
or call 1-866-XML-SOAP.
llong [at] xignite.com