Redis 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
Partners with ESG Book to Drive Investor Sustainability Engagement
SAN MATEO, Calif., April 12, 2022 /PRNewswire/ -- Xignite, Inc., the leading provider of market data APIs to brokers and wealth managers, announced the launch of a new Environmental, Social and Governance (ESG) data API in partnership with ESG Book, a global leader in ESG data and technology. Xignite's brokerage, wealth, and media customers can now increase user engagement and retention with state-of-the-art sustainability trading products.
As ESG investment has gone mainstream, today's digital investors, institutional investors, and corporations alike require ESG data to help them answer questions that range from a company's workforce diversity to its commitment to a net zero future. In this context, brokers and wealth managers can use ESG data to increase client engagement around their portfolios and differentiate their offerings in a very fragmented marketplace.
"We are thrilled to extend our highly scalable and advanced API platform to include ESG Book's real-time sustainability dataset. With the recent SEC announcement of proposals for climate disclosure, the momentum for sustainability data in the U.S. just keeps on building. If you do not offer ESG data and portfolio analytics to your clients today, you will run into growth and retention challenges," said Stéphane Duboi, the CEO of Xignite.
Dr Daniel Klier, CEO of ESG Book, said: "As capital markets transition towards a more sustainable, net-zero future, demand for accessible, comparable and transparent ESG data has never been higher. We are delighted to be partnering with Xignite, a global leader in API solutions, to deliver our real-time ESG data products to clients at both speed and scale through the latest cloud technology."
Xignite's new ESG API is designed to fast track the launch of ESG powered products. Transparent, well-structured and easy to understand ESG datasets eliminate the need for robust in-house ESG expertise. Advanced screener endpoints further simplify development by eliminating the need to maintain a database.
XigniteGlobalESG API covers a comprehensive universe of public companies domiciled in North America, EMEA, APAC, and Latin America. In addition to ESG scores, this API provides Global Compact scores, involvement data, temperature scores, and raw emissions data.
About Xignite
Xignite is the leading provider of market data API solutions to brokers, wealth managers, and the tech firms who serve them. Xignite has been disrupting the market data industry from Silicon Valley since 2003 when it introduced the first commercial REST API. Today, more than 700 firms use Xignite's APIs more than half a trillion times a month to deliver high-value data to digital investors. Visit xignite.com or follow us on Twitter @xignite.
About ESG Book
ESG Book is a global leader in sustainability data and technology. Through a cloud-based platform, ESG Book makes sustainability data more widely available and comparable for all stakeholders, enables companies to be custodians of their own data, provides framework-neutral ESG information in real-time, and promotes transparency. It counts many of the world's leading financial organisations among its clients, which collectively manage over $120 trillion in assets. www.esgbook.com
04/12/2022
Sales Up 50%. API Volumes Now Exceed Half a Trillion per Month.
Xignite, Inc., the leading provider of market data APIs to brokers and wealth managers, announced that 2021 was a banner year for its business. Xignite experienced more than 50% growth in new client bookings over 2020. Most of this growth was fueled by heavy demand from new brokerage and wealth management applications as more firms entered the business. Xignite also saw a 53% increase in API consumption to a whopping half a trillion requests a month - driven mainly by increased activity from digital investors as they consumed more and more data during the pandemic.
The Digital Investor Revolution was created by the convergence of zero-cost trading, fractional shares, working from home, the pandemic, and the emergence of a new and more powerful generation of retail investors. This has created significant momentum in trading and wealth management, primarily US-based equity and options trading. And it has fueled the entrance of a considerable number of new prominent players in the field, especially embedded finance providers. It all came to light in early 2021 with the Reddit and Gamestop phenomenon. But it has not proven to be short-lived. The transformation could be profound. Indeed Xignite saw its momentum accelerate in Q4-2021, with bookings growth exceeding 310% over the same quarter in 2020.
“Xignite is one of the oldest and most scalable commercial API infrastructures globally. It’s not a surprise that our clients have grown to rely on us for their mission-critical business needs,” says Stephane Dubois, Xignite’s CEO and Founder. “It’s not only the mind-numbing volumes that we have to deal with,” adds Dubois, “It’s also the 4-nine+ level of availability we deliver day in and day out coupled with the awesome market data quality and the high touch responsiveness of our support teams. These metrics matter to large embedded finance firms entering the business or legacy firms migrating to the cloud. They spend tens of millions of dollars entering the business. They don’t want to see it evaporate because of poor data quality or API availability.”
About Xignite
Xignite powers the investing apps and services that enable millions of people to manage their portfolios and trade stocks from a phone or tablet with the industry’s best financial market data APIs. We help more than 700 fintech trading, investment, and analytics firms like Robinhood, SoFi, and Betterment provide digital investors with the market data they need, such as real-time stock prices and company news. Visit xignite.com or follow on Twitter @xignite.
03/10/2022
Xignite, Inc., the leading provider of market data APIs to brokers and wealth managers, announced the launch of a new cryptocurrency data API. Xignite’s brokerage, wealth, and media customers can now increase the value and stickiness of their services to digital investors by taking advantage of the depth and breadth of data offered by this API.
Investment in cryptocurrencies has increased dramatically over the last few years and has proven to draw new investors into the world of trading. As a result, brokerage companies are trying hard to make buying, selling, and holding Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and other cryptocurrencies as easy as possible for their clients. The XigniteCrypto API is the first to bring together a vast universe of cryptocurrency information alongside the equity, ETF, and option data brokers and fund managers need to offer high-quality services to their clients. It also provides the depth of functionality required for them to engage customers and drive trading activity
“Cryptocurrencies tend to operate in their own world,” said Stephane Dubois, CEO, and Founder of Xignite. “This means that if you want to offer integrated equity, option, and crypto trading or analytics for your clients, you are going to have to cobble up a lot of heterogeneous data from many disparate sources, and that’s a pain,” adds Dubois. “With our new crypto API, you get the depth of coverage, the quality, and the reliability across all asset classes you need to grow your business - all in one integrated solution.”
Xignite’s new cryptocurrency API, XigniteCrypto, provides real-time and historical quotes for over 900 cryptocurrencies, including coins and tokens. It includes unique API endpoints that help firms engage digital investors, using the data and tools they need to make crypto trading decisions, including price alerts, historical charting, currency conversion, and cryptocurrency news.
About Xignite
Xignite is the leading provider of market data API solutions to brokers, wealth managers, and the tech firms who serve them. Xignite has been disrupting the market data industry from Silicon Valley since 2003, when it introduced the first commercial REST API. Since then, Xignite has continually taken advantage of new technologies to help its clients grow their business and serve their customers better by using financial market data effectively. Today, more than 700 firms use Xignite’s APIs more than half a trillion times a month to deliver high-value data to digital investors. Visit xignite.com or follow on Twitter @xignite.
02/15/2022
Xignite, Inc., a cloud-based market data distribution and management solutions provider for financial services and technology companies, announced a new Vendor of Record service for clients subscribing to real-time and delayed market data. The new service vastly simplifies the administration and reporting required by exchanges and often eliminates the need to pay redistribution fees, potentially saving clients thousands of dollars a month.
As an approved Vendor of Record, also called a Service Facilitator, Xignite can redistribute real-time and delayed equities and options pricing data from Nasdaq, New York Stock Exchange (NYSE), Options Price Reporting Authority (OPRA), OTC Markets (OTCM), and the Toronto Stock Exchange (TSX).
Adhering to the complex compliance guidelines required by exchanges is extremely difficult for investment advisers, financial advisers, or order management software providers that need to display real-time or delayed data. Each exchange has its own unique set of regulations and compliance requirements, and clients need to prove that they have control over who receives the data, in what format, and for what use case. Xignite’s Vendor of Record service eliminates the administrative burden of tracking these complex compliance requirements.
The new service utilizes Xignite’s cloud-native Entitlements and Usage Microservices to give firms complete control and transparency of their data consumption and usage. Xignite provides data entitlements, usage tracking, and exchange reporting across various data sets, users, and applications to ensure exchange compliance. Xignite’s new service sometimes eliminates the need to pay expensive redistribution fees. Exchange fees for display data, regardless of the number of users, can cost upwards of $10,000 per month. These high fees are especially difficult for smaller financial firms with just a few real-time data users.
“Maneuvering through the maze of required compliance policies, entitlements, usage tracking, and reporting requirements, and being subjected to frequent audits is no easy feat,” said Vijay Choudhary, Head of Product for Xignite. “Xignite’s mission is to “Make Market Data Easy.” Today’s announcement is another step towards this. We are taking away the administrative burdens and complexity of licensing market data and allowing our clients the freedom to focus on their investment and trading strategies and building innovative products.”
Xignite’s Vendor of Record service is available for professional users with internal and display-only use cases. The service is available now as an add-on service for subscribers of our real-time and delayed equities and options pricing data APIs. These include:
About Xignite
Xignite has been disrupting the financial and market data industry from its Silicon Valley headquarters since 2003 when it introduced the first commercial REST API. Since then, Xignite has continually refined 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 to build efficient and cost-effective enterprise data management solutions. Visit xignite.com or follow on Twitter @xignite.
09/21/2021
