Fintech ‘Gold Rush’ Afoot


Financial markets remain challenged, but activity among financial-technology innovators is brisk.

Markets Media“We’ve seen a massive increase in the number of technology startups in the financial space who are trying to reinvent some aspect of financial services via technology,” said Stephane Dubois, chief executive of Xignite, which provides market-data cloud products. “We see a big acceleration in financial technology — a fintech gold rush.”

Dubois estimated that start-up activity so far this year is about four to five times higher compared with 2013.

Global investment in fintech tripled between 2008 to 2013, expanding from $930 million to $2.97 billion last year, according to a recent Accenture study. Worldwide venture capital investment in fintech has grown four times faster than the rate of overall VC investment in the last three years, and the first quarter of 2014 saw a record $1.7 billion investment in fintech ventures, over 167 deals closed.

“What we’re seeing today is something a little different,” Dubois told Markets Media. “Social technology has matured over many years, and now social has been absorbed as part of finance. It helps to reinvent different aspects of advice, for example, or how investment ideas are discovered and shared.”Venture-capital and private-equity firms are funding the wave of fintech innovation, Dubois noted, and the trend arguably has a stronger foundation than did the internet boom of 15 years ago.

As an example of a fintech innovator, Dubois cited Wealthfront, a $1 billion digital wealth manager that offers low-cost index strategies and automatic portfolio rebalancing.

“They will tell you that their business is enabled by three things that really didn’t exist ten years ago,” Dubois explained. “One is ETFs, which existed 10 years ago but they weren’t developed. ETFs have enabled firms to implement certain strategies very easily.”

“Second, you have trading APIs (Application Programming Interfaces) which enable the automation of investment decisions. The third thing is market-data APIs, which is what we do. Essentially we enable firms to consume data very easily and reinvent new experiences and new ways to manage money.”

While market volume and volatility have been low, equity valuations have been elevated, supporting venture-capital activity. “There’s also the fact that you have a whole new generation of investors, millennials, who approach technology and finance very differently,” Dubois said. “They really want things automated, global, and focused on technology.”

Large global banks have taken notice of the fintech trend: in recent months Santander announced a $100 million VC fund to invest in fintech start-ups, and HSBC set aside as much as $200 million for investment in early-stage tech companies to help improve its own technology.

“Given the dramatic changes occurring in financial services, driven by new technology, regulations, consumer behaviour, and the need for cost reduction, this global trend is expected to continue for the foreseeable future,” the Accenture report stated.

Source: Markets Media


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