kaChing Uses Xignite Web Services To Provide Investors With Real-Time Market Data


Xignite Supports kaChing's Mission to Give Every Investor Access to the Returns, Insights, Transparency and Talent Previously Only Available to Wealthy Individuals

SAN MATEO, CA February 2nd, 2009 - Xignite, Inc., the leading cloud computing provider of on-demand Web services for professional-grade financial market data and applications, announced today that kaChing, the Web’s largest marketplace for investing talent, is using Xignite Web services to provide up-to-the-minute financial information to its users. With Xignite’s low-cost, easy-to-integrate financial Web services, kaChing can provide a realistic investment environment and give every investor — novice or expert — access to outstanding investment tools, insights and talent.

kaChing, an SEC Registered Investment Advisor, was founded to provide retail investors access to the investing returns, insights, transparency and talent once only available to wealthy individuals. kaChing believes that there are many individuals capable of generating outstanding risk adjusted returns who haven't yet earned the money necessary to invest. Therefore it allowed members to manage virtual stock portfolios in a realistic environment enabled by Xignite's Web services. This in turn allowed the company to attract over 360,000 managers of whom 1,500 created diversified portfolios that generated positive returns in 2008 as compared to only one mutual fund that generated positive returns over the same time period. kaChing's groundbreaking approach of registering with the SEC as an Investment Adviser allows the company to encourage members to follow or emulate each other.

Xignite is the only company that provides professional-grade market data, including real-time stock quotes, as an on-demand cloud service. By working with Xignite rather than traditional market data providers, kaChing saved hundreds of thousands of dollars and months of development time.

"Xignite was essential to build the authentic trading environment we envisioned for kaChing," said Dan Carroll, founder, kaChing. "With Xignite, we were able to obtain the financial data we needed at the right price and integrate it into our site in a matter of days. Xignite's cloud services have been instrumental for kaChing to reach its goal of attracting outstanding investing talent and a critical mass of users, and providing them all with access to fully transparent investing information."

kaChing is currently using seven Xignite Web services to power all of the market, financial and company information offered on the kaChing Web site. Of these seven, Xignite specifically built two services for kaChing including XigniteLimitOrders, a service that accurately emulates a broker's limit order capabilities. Additional Xignite services used by kaChing include:

  • XigniteNASDAQLastSale — Real-time NASDAQ Last Sale stock prices and trade data for US-listed stocks.
  • XigniteHistorical — Historical stock quotes (end-of-day closing prices) for U.S. equities beginning when the market opened.
  • XigniteFundamentals — Stock fundamentals for U.S-listed companies for performing equity research and analysis.
  • XigniteLogos — Company logos for every US-listed stock.

Xignite provides an extensive catalog of more than 50 categories of financial information delivered on-demand as industry standard Web services. There is no upfront risk or infrastructure investment in hardware, software, vendor tools or custom coding. And, there are no ongoing requirements of system administration and maintenance.

"At a time when the financial sector is under intense scrutiny, kaChing has taken an innovative step in opening up the investment industry," said Stephane Dubois, CEO, Xignite. "We fully support kaChing's mission and look forward to creating new Web services to support their future growth."

About kaChing

kaChing is the largest marketplace for investing talent on the web with over 360,000 portfolios under management. By uniquely applying an open source and social-networking strategy, kaChing offers every investor the opportunity to access the returns, insights, transparency and talent previously only available to wealthy individuals. The company's investors include Marc Andreessen, co-founder of Netscape; Kevin Compton, affiliated partner with Kleiner Perkins Caufield & Byers (KPCB); Bruce Dunlevie, general partner at Benchmark Capital; Ben Horowitz, former CEO of Opsware; Jeff Jordan, CEO of Open Table and formerly president of PayPal; Doug Mackenzie, affiliated partner with KPCB; founding partners Harris Barton and Ronnie Lott of HRJ Capital and Andy Rachleff, co-founder of Benchmark Capital. For more information, visit kaChing at or add the kaChing application on Facebook or MySpace.

About Xignite

Xignite is the leading cloud computing provider of on-demand, Web services for professional-grade financial market data and applications, fulfilling more than one billion service requests per month. Xignite offers the broadest selection of financial Web services available today with more than 50 solutions covering domestic and global equities, commodities, currencies, fixed income and interbank interest rates, analyst predictions, company fundamentals, corporate information and news. Xignite solutions power mission-critical applications for portfolio management, sales management, trading, investor relations, executive dashboards, asset pricing, ERP, accounting, e-commerce, online games and financial websites for more than 400 global clients, including Citi, GE Commercial Finance, Wells Fargo, ING, Marsh & McLennan,, NetSuite,, Starbucks, and Wendy’s. For more information, please visit or call 1-866-XML-SOAP.

For further press information regarding Xignite, please contact:

Annie Klein

Schwartz Communications

Telp: (415) 512-0770



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.

Requires subscription to read the article on WatersTechnology


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