Clear Path Analysis Finds that Despite Advances, Exchanges Want More from their Current Technology Infrastructures


London -- Exchanges around the world are looking for new strategies to improve their technology infrastructures. Whether the objective is to manage transaction volumes, prevent trading failures, build market data revenue or meet competitive challenges, it is clear that exchanges must focus on the underlying technology that drives their businesses. In the Clear Path Analysis report, Global Exchange Technology and Data, released on Monday 25th June, leading exchanges take stock of their most pressing challenges and discuss how they are working to address them through improvements to their technology infrastructures. Technology issues affect the markets in a number of ways, and reliability is essential. For even the most advanced exchanges, well-known trading technology failures have generated reputational damage and heavy costs.  In addition to the importance of overall reliability, however, technology is also a critical competitive factor. Commentating in the report, Jean-Francois Delrieu, Head of Technology Partnerships, NYSE Euronext, states “One of the challenges we are facing is the need to create the capacity to innovate and improve the technology of our platforms to outperform the competition…we are aiming at constantly improving the platform, while keeping it stable for everyone to trade transparently and smoothly.” Highlighting the competitive advantages new technology can provide for exchanges around the world, Kersi Tavadia, Chief Information Officer, BSE (formerly Bombay Stock Exchange), explains how they have capitalised on these advances: “We have invested heavily into upgrading our technology, which allows us to increase our speed and keep pace with competitors in the West. As our exchange grows, we will continue to upgrade our technology.” Another top technology issue for exchanges is market data distribution. Exchange groups are looking for the most effective ways to build data revenue, broaden distribution, and serve the rapidly growing mobile application market. Hubert Holmes, Chief Business Development Officer, Xignite, said in the report “Exchanges are becoming more aware of growing demand from data consumers who want exchange data, but without the infrastructure or cost structure of legacy data distribution technologies.” For developing exchanges, the rise of cloud computing and other cost-effective technologies helps expand global reach and attract new liquidity. Commentating on this sector of the market, Holmes added “For developing exchanges, market data is an important asset for strengthening brand identity and attracting liquidity, but one of the challenges has been how to cost-effectively reach the market. This is where a cloud-based market data distribution capability is essential. When users only need a web browser and an internet connection, there is no geographical or technological barrier to your market data.” While the report by Clear Path Analysis shows that improving technology infrastructure is a necessary and critical priority for exchanges, the group also acknowledges the realities of regional regulatory frameworks and their impact. Eileen Muscat, Chief Executive Officer, Malta Stock Exchange, sums up the latest opportunities with: “Technology in itself facilitates, but does not provide the solution, and therefore the improvements in technology are only effective if the supporting legal, regulatory and operational and procedural framework actually supports an increase in business.” To obtain a copy of the Clear Path Analysis report on Global Exchange Technology and Data and/or speak with one of the commentators please email, call +44 (0) 207 936 935, or visit About Clear Path Analysis Clear Path Analysis is an impartial, independent publisher of high quality reports on pressing industry issues written by a cross-section of experts in the financial services, investments and pensions sector. Clear Path Analysis has a unique position in the market place- because of its model of using majority end users and buyers to contribute to high quality papers. Clear Path Analysis, established by Noel Hillmann in January 2010, is headquartered in London and has plans to expand into New York over the next two years, substantially growing its headcount. For further information, please visit


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


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


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.

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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 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 or follow on Twitter @xignite