On-Demand Option Data Spurs New Generation of Applications


New Xignite Web Services Drive Down Cost of Option Data, Prompting Innovation Among Application Developers

San Mateo, CA — December 8, 2009 — Xignite, Inc., the leading cloud services provider of on-demand global financial market data and application components today announced the immediate availability of two game-changing Web services that make equity options data available for an emerging class of small companies developing a new breed of innovative applications. The first Web service, XigniteOptions, delivers delayed options data while XigniteRealTimeOptions, the second Web service, makes real-time options data available. Both services source their data from the Options Price Reporting Authority (OPRA).

Live options data ranks among the most expensive market data to process, placing it out of reach for all but the largest financial services companies. Options data is exceptionally expensive due to the vast quantity of data to be processed, requiring costly networking equipment, hardware and software. As a point of comparison, a real-time equity feed from NASDAQ requires bandwidth of less than 30 Mbps, while a full options data feed from OPRA can require more than 200 Mbps.

"Given the information overload associated with option data, an on-demand delivery model works very well for our customers," said Stephane Dubois, CEO, Xignite. "Managing option data on-premises can be very costly, and most of our customers only use a fraction of one percent of all the options data that pours out of the markets every day. It just makes good business sense for them to pay only for the data they use and get it right when they need it."

Creative companies are now building a new generation of innovative applications that are economically viable thanks to the cost advantages of Xignite's on-demand Web services. For example, New York based iVerit Inc. is currently using XigniteRealTimeOptions to develop an iPhone application that will deliver real-time options data directly to private and professional investors alike. "Our goal is to give options traders the freedom to leave their desks with their iPhones and trade options from anywhere," said Michael Iver, President of iVerit.

Xignite's on-demand delivery model has enabled iVerit to put otherwise costly options data within reach of private small investors. "Real-time U.S. options data is the most densely-packed data on the planet," explained Mr. Iver. "Xignite brings it down to a manageable size so we can deliver it directly to iPhones without lots of additional server processing. That way, most of the analytics and other processing can be done right on the iPhone itself." Mr. Iver plans to launch the company's new iPhone application in the first quarter of 2010.

With the release of XigniteOptions and XigniteRealTimeOptions, any company or department can now afford live options data. Organizations getting options data from Xignite no longer need expensive infrastructure to manage large quantities of data. Instead, their applications can quickly retrieve highly targeted data on-demand over the Internet. Using XigniteOptions or XigniteRealTimeOptions, any application can get instant access to a single option chain. Xignite also offers usage-based pricing so organizations using less data are charged less than heavy data users.

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 solution s covering domestic and global equities, commodities, currencies, options, 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 600 global clients, including Citi, GE Commercial Finance, Wells Fargo, ING, Marsh & McLennan,, NetSuite,, Wolfram|Alpha, Seeking Alpha, Starbucks, and Wendy's. For more information, please visit or call 1-866-XML-SOAP.

About iVerit

iVerit provides mobile market-data and analytics to individuals who want freedom from the desktop. Its first products will include "OptionGrid," a monitor with live U.S. options markets, and Black-Scholes calculations of implied volatility and Greeks. iVerit's applications will be fueled by Xignite with data referenced to OPRA. These are to become available at the iTunes Store™ in the first quarter of 2010. For additional information, please visit, or call 1-914-874.4531.

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