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Copp Clark Makes Financial Reference Data Availabile On-Demand Using Xignite's Platform

Xignite

Financial Reference Data Industry Leader Expands Business with Cloud Services from Xignite
San Mateo, CA — April 20, 2010 Copp Clark Limited, the wholly owned subsidiary of Pearson, Plc and the leading publisher of financial reference data covering trading hours and holidays for global financial marketplaces, in partnership with Xignite, Inc., the leading cloud services provider of on-demand financial market data and web services, today announced the launch of Good Business Day On-Demand. A new on-demand financial web service solution powered by the XigniteOnDemand platform, Good Business Day On-Demand offers financial market holiday and trading hours data available directly over the Internet at www.GoodBusinessDayOnDemand.com. Good Business Day On-Demand provides a wide range of trading and settlement calendar data via on-demand web services, including days of operation, holiday schedules, and settlement dates based on trade dates. Using Good Business Day On-Demand, Copp Clark’s customers can even get detailed data about global exchanges, such as scheduled trading hours and the current date and time in the exchange’s time zone. Copp Clark launched Good Business Day On-Demand as part of a broader initiative to continue their leadership role in the market for financial calendar and trading hours data. Originally founded in 1841, Copp Clark has earned an impeccable reputation in the publishing industry based on 169 years of consistently delivering timely, valuable and reliable information. With the launch of Good Business Day On-Demand, Copp Clark plans to continue their legacy by leading the financial reference data market in the 21st century market for on-demand cloud services. Copp Clark expects to expand their reference data business by offering web services to a whole new market of application and website developers. Using Good Business Day On-Demand web services, developers of applications and websites can now offer their users innovative solutions based on scheduling information from global financial exchanges. “We’re very excited about the value we can deliver to our customers with Good Business Day On-Demand,” said Ron Marr, President of Copp Clark. “Our customers now have a way to complement the market data in their existing systems with our calendar and trading hours data, and they won’t need to worry about time-consuming and error-prone manual data entry. With Xignite’s help, we’ve been able to open up a new universe of possibilities for our customers and an exciting new market for our data.” Copp Clark engaged Xignite to accelerate the time to market for Good Business Day On-Demand, leveraging the XigniteOnDemand platform for on-demand financial market data distribution. “Within one month of giving Xignite our data to use with their platform, we were able to launch Good Business Day On-Demand,” said Todd Ruthman, Technology Director for Copp Clark. “You just can’t beat that for rapid time to market.” The XigniteOnDemand platform gives financial market data providers a way to expand into new markets and deliver unique value to their customers. Traditionally financial data is delivered in bulk files or data feeds. The XigniteOnDemand platform offers a new way to deliver financial data through on-demand web services. By designing web services to be application-ready, Xignite eliminates the need for application developers to manage data locally, saving them months of development time and thousands of dollars in expensive software, servers and networking equipment. Financial market data providers who use the XigniteOnDemand platform are able to open up new markets for their data by offering these unique time and cost savings. “Copp Clark is not only the leader in their space, but truly visionary in finding new ways to add value for their customers,” according to Stephane Dubois, CEO of Xignite. “They demonstrated leadership when they launched GoodBusinessDay.com, offering their customers easy e-commerce access to their data. And now they’re showing their visionary leadership again with the launch of Good Business Day On-Demand.” As part of the on-going partnership between Copp Clark and Xignite, Xignite has also incorporated Copp Clark’s data into their own XigniteExchanges web service. The two companies plan to continue working together to offer their customers value-added ways to access Copp Clark’s wealth of reference data. About Copp Clark Copp Clark Limited, a wholly owned subsidiary of Pearson, Plc, is the leading publisher of financial trading and settlement calendars in the world, providing authoritative reference data on holiday observances affecting global financial markets as well as publications and software products for the trading community. Founded in 1841, Copp Clark has earned a reputation for delivering reliable information. Copp Clark operates the GoodBusinessDay.com website, an on-line resource delivering international bank and exchange holiday data. For more information, please visit www.CoppClark.com or call 1-905-238-2882. About Xignite Xignite is the market leader in on-demand financial market data distribution—fulfilling more than three billion Web service requests per month. Xignite directly offers the industry’s broadest online selection of financial Web services covering global stock quotes, stock research and analysis, commodities, currencies, futures, options, fixed income, company financials and market news. More than 700 global clients use Xignite solutions in mission critical applications for the front, back and mid-office, investor relations, e-commerce, wireless apps and financial websites, including Citi, GE, Wells Fargo, ING, BNY Mellon, Forbes.com, SeekingAlpha, ExxonMobil, Starbucks, and Barrick Gold. The XigniteOnDemand platform also powers on-demand market data distribution for global stock exchanges, electronic trading venues, brokers and leading market data providers including BgCantor and Pearson. For more information, please visit www.xignite.com or call 1-866-XML-SOAP.
Media Contact:
Ron Marr Copp Clark Limited ron.marr [at] coppclark.com 1.905.889.8458
Landon Long Xignite Inc. llong [at] xignite.com 1.650.655.3700

RECENT NEWS

Xignite, Inc., a provider of market data distribution and management solutions for financial services and technology companies, announced today it has enhanced the data coverage for its’ interbanks and interest rates APIs in preparation for the required transition from the London Interbank Offered Rate (LIBOR) benchmark interest rate at the end of 2021.

Used in financial products such as adjustable-rate mortgages, consumer loans, credit cards and derivatives, LIBOR has been the world's most widely used benchmark for short-term rates. But after the 2008 financial crisis the U.S. Federal Reserve recommended a new benchmark interest rate to replace the outdated and problematic LIBOR. In the U.S market the new benchmark is Secured Overnight Funding Rate (SOFR), which is based on transactions in the U.S. Treasury repurchase, or repo, market, where banks and investors borrow or lend Treasuries overnight. Other countries are introducing their own local-currency-denominated alternative reference rates for short-term lending.

Xignite banking, and Fintech customers that build apps for capital markets, investment management, financing, and foreign currency exchange purposes, require interbank and interest rates data to manage exchange and interest rate risk. Xignite enhanced its Interbanks and Rates APIs with SOFR earlier this year and has now added four of the alternative overnight risk-free rates (RFRs) recommended to replace LIBOR for currencies in respective markets. The new rates include Euro Short-Term Rate (ESTR), Swiss Reference Rates (SARON), Sterling Overnight Index Average (SONIA), and Tokyo Overnight Average Rate (TONAR). These additional rates are available now at no additional cost to customers.

“Our rates and InterBanks APIs were the first REST APIs ever released to serve the needs of the lending and banking industries. They uniquely aggregate rates that are used by dozens of firms globally in critical business processes,” said Vijay Choudhary, Vice President of Product Management for Xignite “Given the major shift the industry is experiencing regarding reference rates, it was critical for us to support those new rates to give our clients the data they need to run their businesses,” added Choudhary.

Xignite’s Interbanks API offers real-time and historical interbank and deposit rates for currencies in 40 countries. Xignite’s Interest Rates API provides interest rate data for over 600 global treasury, money market and private capital market instruments and benchmarks. The new alternative T+1 (24hr+ delayed) rates include:

  •         Europe: Euro Short-Term Rate (ESTR) is an interest rate benchmark that reflects the overnight borrowing costs of banks within the eurozone. The rate is calculated and published by the European Central Bank.
  •         Switzerland: Swiss Reference Rates (SARON) represents the overnight interest rate of the secured money market for Swiss francs (CHF). The rate is calculated and published by SIX.
  •         United Kingdom: Sterling Overnight Index Average (SONIA) is the effective overnight interest rate paid by banks for unsecured transactions in the British sterling.
  •         Japan: Tokyo Overnight Average Rate (TONAR) is an unsecured interbank overnight interest rate and reference rate for the Japanese yen. The rate is calculated and published by the Bank of Japan.

About 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 to build efficient and cost-effective enterprise data management solutions. Visit http://www.xignite.com or follow on Twitter @xignite.

06/09/2021

Xignite, Inc., a provider of cloud-based market data distribution and management solutions for financial services and technology companies, today introduced XigniteGlobalCorporateActions, a new advanced API providing detailed corporate actions data for events such as stock splits, dividends, mergers, and spinoffs. The COVID-19 pandemic has led to a dramatic increase in corporate actions, annual meetings canceled, dividend payouts suspensions, and an accelerated company mergers and acquisitions rate. Knowing when a company plans to offer a split or undertake an acquisition is critical for buy-side and sell-side firms.

Corporate action processing is one of the “last frontiers of pain” for investment management, and one of the most manual and complex parts of back-office operations. The lack of uniformity and standards makes it difficult to identify and interpret information correctly. Obtaining accurate and timely information is challenging, and errors can result in painful financial losses. The XigniteGlobalCorporateActions is the first cloud-based REST API to eliminate the pains and complexity caused by legacy data feed and files. The API provides a single-source data stream with consistent information gathered from more than 190 exchanges and over 30,000 U.S. mutual funds.

The recent split of TSLA and AAPL stock on the same day illustrates the complex and far-reaching impact of corporate actions. If a firm does not do this correctly, it will show on historical charts, and their customers will notice. Xignite’s Data Quality team cross-validates our corporate actions data across sources and proactively detects and fixes any missing information. This prevents missing issues such as the TSLA and AAPL splits.

“The industry is facing a ‘perfect storm’”, says Vijay Choudhary, Vice President of Product Management for Xignite. “On one hand you have a massive wave of corporate actions fueled by the pandemic and the rising markets, and on the other you have millions of new retail investors eyeballing their investment applications all day long. One bad corporate action can send your customer service department into a tailspin,” added Choudhary. Additional detail on the Corporate Actions API endpoints:

GetDistributions - Returns cash and stock dividends as declared by the company for a requested security and date range.

GetDistributionsByExchange - Returns cash and stock dividends as declared by the company for a requested exchange and date.

GetEventSummaries - Provides a high-level overview of events for a requested security and date range.

GetMergers - Returns merger events for a given identifier and date range.

GetSpinoffs - Returns spinoff events for a given identifier and date range.

GetSplits - Returns the stock split history for a security for a specified date range.

GetTakeovers - Returns takeover events for a given identifier and date range.

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 specialized microservices-delivered modules to build efficient and cost-effective enterprise data management solutions. Visit http://www.xignite.com or follow on Twitter @xignite

05/18/2021

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