News

Customers Reap Benefits of Highly Available and Scalable Redis Deployments Powered by Redis Labs Enterprise Cluster (RLEC)

Xignite

Redis Labs FintechRedis Labs, the home of Redis, today announced that numerous customers, including The Motley Fool, Xignite and Itslearning.com have adopted Redis Labs Enterprise Cluster (RLEC). RLEC is downloadable software that extends open source Redis with enterprise class high availability, real-time auto-failover, consistently stable high performance and automated linear scaling.

The Motley Fool 
The Motley Fool, a multimedia financial services company, uses Redis extensively to cater to the millions of users who depend on it for financial advice. Redis accelerates the website's user interactions and is a key linchpin of its responsiveness. Motley Fool chose RLEC primarily so that they could get enterprise-ready Redis without having to re-build their existing systems. The top notch expertise of dedicated Redis engineers at Redis Labs could get them a more robust system than they could build in-house with limited resources.

"With RLEC, we can enjoy the benefits of high performance and highly scalable Redis, without having to worry about high availability," said Brandon Ragan, Lead Systems Engineer at Motley Fool. "Auto-failover and seamless clustering were the main reasons we chose RLEC -- and the expertise provided by the Redis Labs team is a huge bonus."

Xignite
Xignite, Inc. a leading provider of market data cloud solutions, sources and integrates real-time and reference market data into apps and devices for its 1,000 financial services clients with an easier and more cost effective platform than alternative data feeds. High availability and reliability are critical to Xignite's business, because any delay could equate to missed opportunities for clients. After implementing RLEC, Xignite found that the auto-failover features prevented prolonged periods of downtime and eradicated the manual, tedious process to get the system running again.

"Redis is a critical layer in our business and underpins crucial client interactions. We chose RLEC because it provides seamless auto-failover in the event of outages, as well as the best possible way to utilize our infrastructure. It ensures that our client satisfaction remains high and operational costs stay low," said Qin Yu, director of architecture and engineering at Xignite.

Itslearning.com
Itslearning.com, a global digital learning platform with more than 4 million active users, relies on Redis to deliver a highly responsive and personalized user experience. "RLEC helps us create a multi-tenant Redis infrastructure that scales automatically with our platform," says William Kazis, Global SaaS engineer at Itslearning.com. "With RLEC, we've achieved lower operational costs and a stable, reliable Redis deployment."

"The technology behind RLEC has been proven with tens of thousands of free and 5300+ paid customers in our Redis Cloud offering," said Ofer Bengal, CEO of Redis Labs. "Our team has spent over 100 person-years building enterprise-class scalability for Redis, and RLEC's auto-failover and high availability features are purpose-built to ensure that any number of customers can withstand node failures and datacenter outages without losing data."

"The rapid adoption of RLEC is a reflection of how widely used and enterprise-critical Redis has become in a few short years," said Matt Aslett, 451 Research. "Redis Labs is fast establishing itself as the primary provider of enterprise-class Redis."

Redis Labs Enterprise Cluster delivers tangible operational benefits of high performance at lower costs through hassle-free automated scaling, clustering, multi-zone high availability, auto-failover, continuous monitoring and 24x7 support. With RLEC, developers can deploy enterprise grade Redis clusters on either their company's own infrastructure, on RAM, on Flash memory used as a RAM extender, or as a remotely managed service.

Learn more about RLEC by joining this webinar on Oct. 1 at 10 a.m. P.D.T. Download the RLEC datasheet or email expert@redislabs.com to get immediate help with Redis.

About Redis Labs

Redis Labs is the open source home and commercial provider of Redis, a database benchmarked as the world's fastest. The company's software and service solutions power cutting edge applications with blazing fast enterprise-class Redis and are trusted by thousands of customers for high performance, infinite scalability, true high availability and best-in-class expertise. These solutions enhance popular Redis use cases such as real-time analytics, fast high-volume transactions, in-app social functionality, application job management and caching.

Redis is an open-source, in-memory NoSQL database that was created in 2009 by Salvatore Sanfilippo - Redis Labs' lead of open-source development. Redis has been ranked the #1 NoSQL (and #4 database) in User Satisfaction and Market Presence based on user reviews (G2 Crowd), the most popular NoSQL database in containers (DevOps.com and ClusterHQ), the #2 NoSQL among Top 50 Developer Tools & Services (Stackshare), the fastest growing database since January 2013 and among the top three NoSQL databases (DB-engines).

Source: Virtual-Strategy Magazine

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