Xignite-Powered Cloud Services for OTC Derivatives Data to Launch Public Beta in June 2011; SIFMA Attendees to Get Sneak Peek
San Mateo, CA - June 14, 2011 -- Xignite Inc, the leading cloud services
provider of on-demand market data distribution
technologies, announced today that the CME Group (NASDAQ: CME)—the world’s largest derivatives marketplace and operator of the Chicago Mercantile Exchange (CME), the Chicago Board of Trade (CBOT), the New York Mercantile Exchange (NYMEX) and the New York Commodities Exchange (COMEX)—plans to launch a Public Beta release of CME DataCloud
. This beta delivers settlement price data for OTC derivatives
as a cloud service. Attendees of the 2011 Financial Services Technology Leaders Forum and Expo
, taking place in New York this week and hosted by SIFMA, a national securities industry trade group, will get a sneak peek at CME DataCloud.
To see a live 'sneak peek' demonstration of the CME DataCloud beta, visit Xignite’s expo booth #1413, located at the New York Hilton in Rhinelander Hall from June 14th through 16th. Both Xignite and CME Group employees will be on hand to showcase this highly scalable, agile, and fast technology. CME Group plans to make a Public Beta release of the CME DataCloud available to the general public soon after the SIFMA show concludes on June 16th. Effective immediately, anyone may sign up to get free access to the Public Beta, when released, by going online to http://www.cmedatacloud.com/Beta/BetaTerms.aspx?service=CMEMarkToMarketPrices
CME DataCloud helps developers build applications in a fraction of the time and cost of traditional technologies. Financial Market Data is uniquely suited for the cloud, because the cloud enables global access and easy adoption in support of market efficiency and transparency. Total cost of ownership can be reduced by as much as ninety percent by eliminating infrastructure costs and paying only for the data needed. By lowering the cost and complexity of integrating OTC derivative prices, CME DataCloud also helps firms increase transparency and reduce risk.
Xignite is an undisputed leader in this space, and the award-winning XigniteOnDemand platform made it possible for CME to offer CME DataCloud without incurring the expenses and delays involved in building an in-house solution. More information about CME DataCloud can be found online at http://www.cmedatacloud.com
Xignite is the leading cloud services provider of on-demand financial market data and award-winning on-demand data distribution solutions. Xignite's market data cloud fulfills more than five billion service requests per month and offers more than 50 financial Web Services providing real-time, historical and reference data for global equities, commodities, currencies, options, fixed income, mutual funds, derivatives and OTC instruments. Xignite solutions power mission-critical applications for front, back and mid-office, investor relations, dashboards, e-commerce, wireless applications and financial websites for more than 900 clients in 47 countries, including Citi, GE, Wells Fargo, ING, BNY Mellon, Natixis, Dow Jones, Forbes.com, SeekingAlpha, ExxonMobil, Starbucks, and Barrick Gold. The award-winning XigniteOnDemand cloud platform also powers on-demand market data distribution solutions for stock exchanges, trading venues, OTC brokers and market data originators including the CME Group, NASDAQ OMX, BGCantor and Pearson. For more information, please visit www.xignite.com
or call 1-866-XML-SOAP.
mcanul [at] xignite.com