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Stephane Dubois, CEO & FounderXignite Enterprise Data Distribution is a fully managed cloud based solution, which is specifically designed to help financial institutions, drive data adoption and reduce costs by streamlining market data distribution. It is powered by Xignite Market Data Cloud, which aggregates suppliers (exchanges and vendors) and consumers (financial institutions) and lets them contribute and consume data far more efficiently. To manage the flood of information, Xignite’s Financial Data APIs helps to store data offsite and access it only when it is needed, thereby eliminating expensive technology infrastructure investments. These APIs cover a wide range of market data, from real-time quotes to historical pricing and master data from more than 150 sources.
Market data is more efficient for financial sectors as it has the ability to save billions of dollars in the long term
Offering over 1000 financial data APIs, Xignite clients include media and software companies from disruptive fintech firms, such as Betterment, FutureAdvisor, Motif Investing, Robinhood, and Yodlee, to leading financial institutions, exchanges and market data vendors. For one instance, AlphaClone, a recognized investment advisor and research firm was challenged to create a disclosure –based hedge fund cloning strategy with their core products as the base. AlphaClone elected to embrace Xignite Global Quotes Cloud API, which was capable of delivering equity pricing, necessary to power their hedge fund portfolio tracking system. “Relying on Xignite for market data allows us to focus our development resources on areas of our service that provide us with a differentiated advantage,” says Mazin Jadallah Founder and CEO, AlphaClone.
Taking their success one step ahead, Xignite works on to further enhance the company’s solutions to new heights by providing the data platform for users at reduced costs. “The goal of our fintech revolution is to unite innovators from large financial services institutions, in order to drive disruption both within and across regions through idea-sharing and collaboration,” concludes Dubois.
