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60 Seconds with Xignite's Stephane Dubois

Xignite

Waters Technology Stephane DuBoisWhat does your company do?
We strive to bring simplicity and efficiency to a world known for its complexity, runaway costs and glacial speed. The Xignite Market Data Cloud platform is used by more than 1,000 firms, including several large financial institutions. Using our solutions, our clients are able to either build apps and platforms fueled by data sourced from our application programming interfaces (APIs) or use our platform to host their own data more efficiently, save millions in management costs and drive innovation from the inside out.

What does your job entail?
My primary job is to refine and communicate Xignite’s technology, vision, and culture, and build awareness and loyalty around our solutions. I also aim to hire and motivate the best people in the industry to maintain Xignite’s leadership in the financial technology space.

What trends are you seeing in the market?
The year 2014 has been a landmark one. For the last six years, the financial services industry has been almost exclusively focused on reducing costs and absorbing the regulatory aftershocks of the 2008 financial crisis. As a result, there has been very little innovation on Wall Street. Meanwhile, Silicon Valley (and its extensions in New York, London and Singapore) has been hard at work pivoting its way through re-inventing every segment of financial services by leveraging the benefits of the cloud, social networks and new technologies—including our APIs. These firms are doing so by targeting millennials—kids who were born with an Apple iPhone in hand and want instant gratification. So what we are seeing is not only a financial technology gold rush with start-ups trying to stake out their claims in this frontier territory, but also a stampede of larger, slower financial firms rushing to catch up. And since we essentially sell shovels to the miners and that mother lode has a long way before it gets tapped, it’s been good for us.

What do you do to unwind?
I mostly read about French politics. It’s a never-ending source of entertainment.

What is your favorite vacation spot?
The north shore of Maui because of the amazing windsurfing conditions.

What is the last personal tech gadget you bought?
A GoPro video camera.

Who is the most influential person in your business life? Why?
Howard Stern. Listening to him taught me the power of honesty.

What is your favorite book? Why?
Moral Politics by George Lakoff. It’s a great book if you want to understand and respect the political opinions of those who don’t think like you.

What was your first car?
It was Citroen 2CV. Essentially a 600cc flat-twin engine tied up to an umbrella. I made up for this initial frustration by buying a gigantic 1975 Buick Le Sabre Convertible within a week of coming to the US.

What is your favorite TV show?
I can’t seem to tire of watching old Seinfeld re-runs.

What is your favorite memory from college/childhood?
Early morning fishing trips with my dad.

If you weren’t a technologist, what would you be doing?
Playing keyboard in a Bob Marley tribute band.

Source: Waters Technology

RECENT NEWS

In the foreign metal market and the world of international rates, currencies play the crucial role of acting as the medium of exchange in the transactions that take place.

Currencies like the United States dollar, the Euro, or the British Pound are commonly used around the world in order to get a metal rate. Some companies that offer precious metal live and historical rates have exposed their APIs (Application Programming Interfaces) to allow developers to integrate current and historical metal rates, currency conversion, or other capabilities into their applications.

In order to know about precious metals live and historical rates, there’s a lot of APIs available online, and if you want to try one, Barchart is going to be one of your first options. But if you take a look at what else is in the market, you’ll find alternatives so many great alternatives:

Xignite Market Data Cloud Platform

Xignite Market Data as a Service was one of the first market data services built to run in AWS and they are one of the few vendors that is an AWS Advanced Technology Partner with a Financial Services Competency.

With more than a decade of cloud expertise in building, scaling and operating cloud-based market data technology, it is no surprise that leading financial services and capital markets firms rely on this company to empower their journey to the cloud. Their Metals API Service offers real-time prices and quotes for metals including Gold, Silver, Palladium, Platinum and other base metals. In addition to real-time precious metals prices, the service provides daily London Fixing prices as well as historical precious metal prices and metal news. 

Xignite Cloud APIs are sourced from leading providers such as FactSet and Morningstar as well as Xignite’s own curated, high-quality data.

Read the article Top 3 Alternatives for Barchart Precious Metals Rates

02/25/2021

Each year, Bobsguide asks the market to vote for fintech companies they believe stand out from the competition – those who have gone the extra mile in terms of development and servicing their clients. Xignite is proud to be listed as the "Best API Management" vendor on the Bobsguide 2020 Rankings.


Read article on Bobsguide

01/26/2021

Web services data provider Xignite captured the AFTAs judges’ attention on the infrastructure front with its release of Xignite Enterprise Microservices in July 2020, a suite of cloud-based microservices for data management, storage and distribution in the cloud, designed to help financial firms migrate from monolithic legacy data architectures to more agile and less expensive cloud services and data sources.

Requires subscription to read the article on WatersTechnology

01/25/2021

Xignite, Inc., a provider of market data distribution and management solutions for financial services and technology companies, today revealed the results of its collaboration with StockCharts, a leading technical analysis and financial charting platform for online retail investors. The collaboration involved a move from an on-premise market data provider to Xignite’s cloud-native technology hosted in Amazon Web Services (AWS). Download the case study containing the full results.

StockCharts requires vast quantities of financial data to power its visualization, charting and tracking tools, which investors use to analyze the markets to help with investment decisions. The company was frustrated by the limits of its on-premise market data center, which was forcing the team to make architectural decisions based on what its data center could handle in terms of speed and storage, not on their technology. Its previous market data provider was just starting to build out some cloud offerings, but they were far away from what the business required. StockCharts decided to migrate its infrastructure to the AWS cloud and partner with Xignite to gain access to endlessly scalable market and financial data delivered through innovative cloud APIs.

The collaboration made an immediate impact as StockCharts was able to expand its offerings and customer base by pursuing growth strategies enabled by Xignite’s cloud-based approach, which provides easy access to data and eliminates architectural limits on storage and speed.

The pandemic provided further validation. Seattle-based StockCharts was in one of the first areas hit by COVID-19 and was forced to quickly shut down its office. Pandemic-driven market volatility followed and StockCharts customers wanted to visualize what was happening. The company’s ability to scale quickly and accommodate a high volume of new requests would not have been possible without Xignite.

“The move to the AWS cloud and Xignite has unlocked tremendous new potential for us in a lot of architectural ways, and has given us a lot of data options that we could not even consider before,” said Grayson Roze, Vice President of Operations at StockCharts. “It relieved us of the burden of figuring out how to source things. Instead, we know exactly where we need to go to get the data and can access it instantly. That is a huge, huge benefit for our business.”

“We are proud to have played a role in transforming how StockCharts approaches data,” said Stephane Dubois, CEO and Founder of Xignite. “The events of this year unleashed a massive spike in retail trading and a host of other unexpected forces that reinforced the need for financial services firms to leverage the cloud. Despite the disruption of this year, StockCharts was positioned for success, and we look forward to continuing to deliver our financial and market data solutions to the industry at large.”

Xignite

Xignite has been disrupting the financial and market data industry from its Silicon Valley headquarters since 2006 when it introduced the first commercial REST API. Since then, Xignite has been continually refining its technology to help fintech and financial institutions get the most value from their data. Today, more than 700 clients access over 500 cloud-native APIs and leverage a suite of specialized microservices-delivered modules to build efficient and cost-effective enterprise data management solutions. Visit http://www.xignite.com or follow on Twitter @xignite

01/12/2021