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NASDAQ’S “Big Data†Cloud Service Launches on Xignite's Platform

Xignite

 

High Frequency Trading Firms to Back Test with On-Demand Stock Trades and Quotes
San Mateo, CA - April 26, 2011 - Xignite Inc, the leading cloud services provider of on-demand data distribution technologies, today announced that NASDAQ OMX and Xignite have launched Mass Download, a major expansion to NASDAQ Data-On-Demand, NASDAQ''s cloud service for historical stock trade and quote data powered by Xignite''s technology platform. NASDAQ is currently offering Mass Download free of charge to Premier subscribers of NASDAQ Data-On-Demand. The first cloud service to address the need for a "big data" solution for on-demand financial market data, Mass Download delivers highly customized data sets from the terabytes of stock trade and quote data generated every year by major U.S. stock exchanges like NASDAQ. With Mass Download, customers can now download large files including up to three years of historical stock trade and quote data. Customers customize their data sets by selecting only the ticker symbols, data fields, dates and times needed. "With all the talk these days about ''big data'' solutions, NASDAQ is doing more than just talking. They''re leading the way," according to Stephane Dubois, CEO of Xignite. "And in the true spirit of ''big data'2012-09-21 20:41:35', they''re making it easy to access the smaller, truly valuable subsets of enormous data sets." Stephane went on to explain, "One great example is analytics. Instead of downloading billions of trades into your own database just to calculate analytics like Volume Weighted Average Price (VWAP) or backtesting your strategies, you can now ask Data-On-Demand to give you only the data you need or even do the calculations for you. You no longer need to store data you will never use. Just go to the cloud when you need it." "The Market Data Cloud is all about easy, fully automated Internet access to exactly the data you need without having to manage all the data you don''t need," explained Brian Hyndman, Senior Vice President of NASDAQ OMX Global Data Products. "The ability to get customized data sets automatically is more than just a convenience. It''s a competitive advantage for high frequency trading firms, quant shops, algorithmic traders or anyone who needs to back test trading strategies." Unlike legacy services providing custom trades and quotes, NASDAQ Data-On-Demand''s Mass Download service is completely automated, incurring no delays due to manual handling. NASDAQ customers can use Mass Download''s convenient web interface to select the custom data sets they want and then schedule those data sets to be generated when they want. Data can even be directly delivered to an application running on the cloud. Customers can also take automation a step further by requesting data sets directly from their own software applications using the solution''s API. For more information about NASDAQ Data-On-Demand and Mass Download, visit http://www.nasdaqdod.com/MassDownload.aspx. About Xignite Xignite is the leading cloud services provider of on-demand financial market data and on-demand data distribution solutions. Xignite''s Market Data Cloud fulfills more than 5 billion web service requests per month and offers more than 50 financial Web Services providing real-time, historical and reference data across all asset classes. Xignite solutions power mission-critical applications for front, back and mid-office, e-commerce, mobile, iPad, and web apps for more than 900 clients in 46 countries, including Citi, GE, Wells Fargo, ING, BNY, Mellon, Natixis, Dow Jones, Forbes.com, SeekingAlpha, ExxonMobil, Starbucks, and Barrick Gold. The XigniteOnDemand cloud platform also powers on-demand market data distribution solutions for stock exchanges, OTC brokers and data vendors including the CME Group, NASDAQ OMX, BgCantor and Pearson. For more informatino, please visit www.xignite.com or call 1-866-XML-SOAP. About NASDAQ OMX The NASDAQ OMX Group, Inc. is the world''s largest exchange company. It delivers trading, exchange technology and public company services across six continents, with approximately 3,600 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-tradded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit http://www.nasdaqomx.com. Please follow NASDAQ OMX on Facebook (http://www.facebook.com/nasdaqomx) and Twitter (http://www.twitter.com/nasdaqomx).
Media Contacts: Landon Long Xignite Inc. llong [at] xignite.com +1.650.655.3700 Wayne Lee NASDAQ OMX Wayne.D.Lee@NASDAQOMX.com +1.301.978.4875

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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.


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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

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

Xignite, Inc., a provider of cloud-based market data distribution and management solutions for financial services and technology companies, today announced that its Market Data Management-as-a-Service solution has been named “Best New Technology Introduced over the last 12 months – Infrastructure” at the 2020 WatersTechnology American Financial Technology Awards (AFTAs). Selected by the editors of WatersTechnology, the AFTAs recognize excellence in the deployment and management of financial technology within the asset management and investment banking communities.

Xignite’s Market Data Management-as-a-Service (MDMaaS) solution enables buy- and sell-side firms to centralize the management of vendor data feeds into their own cloud environment. The solution is built around the cloud microservice-based architecture and technology stack Xignite has been refining and scaling for more than 10 years. Xignite’s technology platform has been the backbone of the company’s Data-as-a-Service business, daily supporting 12 billion API requests of financial data for their 700 fintech and financial services clients. Now Xignite is leveraging this battle-tested cloud-native data management architecture to offer buy- and sell-side firms a market data vendor agnostic offering, with connectors available for firms to load data they license from Bloomberg, Refinitiv, ICE and numerous other providers.

The MDMaaS solution includes a suite of loosely-coupled modules that enable market data user firms to control their data usage, automate entitlements, optimize their data spend and minimize liabilities by simplifying data governance and ensuring regulatory compliance.

The functionality is delivered via microservices, an architectural approach in which core functionality is handled by loosely coupled, independently deployable modules that can work together or separately. Microservices architecture stands in stark contrast with monolithic platforms that require expensive on-premise technology – that is especially hard to maintain in the context of a pandemic.

The MDMaaS microservice-delivered modules introduced in 2020 include:

Xignite Entitlements and Usage - Manage the entitlement of vendor data to users and applications to ensure compliance and eliminate excess spend.

Xignite Optimization - Streamline data consumption to avoid duplicated vendor requests, leverage cached bulk data and get recommendations to reduce data costs.

Xignite Data Lake - Centralize, catalog and connect data shapes to enable frictionless integration by consumers via unified cloud APIs.

Xignite Reference - Aggregate, normalize, store and index vendor reference data to centralize enterprise-wide access.

Xignite Historical - Provide centralized access to normalized, stitched and adjusted historical data via cloud APIs.

Xignite Real-Time - Distribute real-time vendor data via cloud APIs, eliminating on-premise infrastructure.

Xignite Fundamentals - Make simple and complex time-series data structures available via cloud APIs.

“Xignite has pioneered market data in the cloud for more than 10 years now, so we are very excited to announce – and be recognized for – our Market Data Management-as-a-Service solution,” said Stephane Dubois, CEO, and founder of Xignite. “The pandemic has reinforced the need for financial services firms to migrate to the cloud as a means of navigating disruption and enabling scalability, among other benefits. We are proud to spearhead that effort and help the industry modernize its approach to financial and market data.”

About 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 via its Data-as-a-Service and Market Data Management-as-a-Service solutions. Today, more than 700 clients access over 500 cloud-native APIs and leverage a suite of specialized microservices to build efficient and cost-effective enterprise data management solutions. Visit http://www.xignite.com or follow on Twitter @xignite

01/06/2021