News

FinovateEurope 2015 [News]

Xignite

Finovate fintech market data cloudOnce the pulsating heart of London commerce and home to the world’s largest fish market, the halls of Old Billingsgate market were humming with the sound of industry again last month as merchants of the fintech world descended on the venue for FinovateEurope 2015.

While the seafood trade has long since been pushed to the periphery, financial technology innovation is becoming one of the Capital’s new business cornerstones. Interest in technology solutions for consumer-facing banks, corporate entities, hedge funds, exchanges and beyond have surged in recent years.

Capital pouring into the global fintech community more than tripled in the last six years, from under
$930m invested in 2008 to over $2.97bn in 2013. The UK and Ireland has well-established itself as the hub of operations in Europe. In 2013, the area accounted for over 50% of deals made and almost 70% of financing across the continent ($265m).

As crowds gathered in the iconic 19th century building for the opening salvo of the two-day conference, participants prepped their pitches and tested their slides, all hoping to instigate the latest round of deals and investments in European fintech.

Started in San Francisco in 2007, Finovate has provided a stage for some major successes over the
years with past presenters including the likes of Betterment, Lending Club, Nutmeg and TransferWise.

Aiming “to highlight cutting edge fintech ideas from hot young start-ups and established industry leaders”, there was a real mix of companies in attendance as demonstrations ranged from mobile payments and bitcoin credit cards, to the latest in security authentication and fund reconciliation tools.

FinovateEurope first took place in London in 2011 and is now a key date in the financial technology
calendar. There was more than 1,250 people in attendance at this year’s event.
Seventy-two firms took to the stage in the market hall, each having seven minutes to demonstrate their innovation, with no video footage allowed. The only aids permitted were image slideshows or links to mobile applications.

HFMTechnology was in the audience to cast its eye over the latest industry creations.
Here are five Finovate finds which could be of benefit to the hedge fund sector and a round-up of the day’s other stellar performers.

Xignite
The established market data API firm, which already counts 40 Finovate alumni companies as customers, unveiled a product offering from its recent partnership with FactSet. Xignite’s cloud platform allows access to data from 40 different international markets and over 200
exchanges. It also claims to be able to “integrate APIs into an application real-time in under two minutes”.

Described by Travis Okamoto during the demonstration as “much like shopping on Amazon”, the new release lets firms find historical financials, fundamentals, earnings and other data and it is the first time such information is available through REST APIs.

“The XigniteFactsetFundamentals API provides access to historical financial data and fundamentals for over 70,000 equities in North America, Latin America, EMEA and Asia-Pacific,” CEO Stephane Dubois told HFMTechnology. “This API is critical to any financial institution or hedge fund whose strategy depends heavily on fundamental analysis given its robust offering of accurate stock and company fundamental data that is gathered and cross-checked by FactSet Research Systems.”

Also unveiled was Xignite Super Quotes, designed to “help customers save money on exchange fees”. It allows firms to test API outputs, is compatible with XML, CSV and JSON and can also be customisable to specific data outputs.

Source: HFM 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