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Xignite Seeing 12 Billion API Hits Per Day Due to Pandemic-driven Demand for Financial Data

May 28, 2020 By Kerry Langstaff Categories - Company News

Xignite Serves 12 Billion Hits Per Day

Unprecedented stock market volume and volatility caused by the COVID-19 pandemic has led to record use of Xignite financial data. Since February, when the virus hit in China, we have seen significantly increased demand from our customers for market data across all asset classes Xignite is now averaging an astonishing 12 billion API calls per day.

Along with record data usage, we are seeing some interesting trends in the data usage. Market turmoil has influenced many people to take a hard look at their investment strategies and new account openings at some of our robo-advisor clients such as Wealthfront and Betterment have surged. There has been a 50% increase in demand for our historical quotes data, which is needed to test and build new investment strategies and models. And, as investors are riveted to their screens tracking the market, there usage of our real-time indices data (our Xignite Real-Time Indices API includes real-time index value data for more than 10,000 U.S. and global market indices, including Dow Jones, S&P, NASDAQ and others) has increased 260%

Market data infrastructure that does not depend on any physical presence is indeed more valuable than ever, and scalable delivery in pandemic led volatile market is even more critical.

Read Xignite Sees Record Demand for Financial Data During Pandemic

Kerry Langstaff

Kerry Langstaff

Chief Marketing Officer

Kerry Langstaff spearheads marketing and partnership efforts at Xignite. She is passionate about driving fintech innovation and has spoken at numerous fintech events around the world. 

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