News

Ten Tips To Spice Up Your Website With Financial Information

Xignite

Intelligent Ways to Improve a Website Using Cost-Effective, Easy-to-Integrate Web Services
San Mateo, CA — October 5, 2009 — Xignite, Inc., the leading cloud services provider of on-demand financial market data and application components today announced its top 10 recommendations for leveraging Web services to add content, improve stickiness and create value for users of financial websites. If you're looking for new ways to attract customers, readers, gamers or friends to your website, then adding relevant, high-value financial information to your site might be just the ticket. Before the Web, high quality financial information was hard to get. You either had to go through a financial advisor like a broker-dealer, or you had to get expensive direct feeds from financial data providers and news wire services. Now there are lots of general news and specialty financial sites that provide financial information on the Web. But, what you may not know is that the same professional quality data that the big portals use is also generally available and affordable to virtually any size Web publisher through financial Web services. Financial Web services deliver market data directly to your website or software application over the Internet, so you don't have to manage anything in-house. Simply cut-and-paste a few lines of code and you instantly have direct access to real-time stock quotes, charts, interest rates, exchange rates, gold prices, company news and information or whatever makes sense for your audience. They are platform independent, so they can be used in any development environment for any website, Facebook page, iPhone application, e-commerce site or even enterprise software-as-a-service application. And, since the cost of the service is based on volume, just like your phone bill or iTunes account, the services are scalable and affordable from the lone blogger to the largest financial portal. Here are 10 tips for spicing up your website with financial information:
  1. Real-time Stock Quotes

    The recent financial crisis has made everyone sensitive to the daily ups and downs of the stock market. Luckily, technology changes on Wall Street over the last ten years have made access to real-time stock quotes ultra-affordable. You can literally add a real-time quote widget or streaming ticker to your site with less than a day's work.
  2. Portfolio Tracker Widget

    Take real-time quotes one step further by allowing your users to create their own portfolio trackers. If you publish a financial-oriented social group, game or blog then you can even have users compete based on the performance of their stock picks.
  3. Currency Conversion

    If you are selling on the Web, then your potential audience is global. So, why not make it easier for them to buy from you by offering your products in the local currency? If you don't have real-time exchange rates, this can be a risky proposition. However, adding real-time exchange rates to your site is easy and affordable using Web services.
  4. Company Profiles and Financials

    If you publish a site that includes commentary and news on publicly traded companies, then it's easy to add a profile widget at the end of each article that provides readers with additional information on companies mentioned. Everything from the most recent stock price to most recent financial statements and earnings call transcripts are available.
  5. Recent Financial News

    RSS has made it easy to syndicate all sorts of information across the Web but you don't get much choice about what comes across the feed. Web services allow you to filter and select news in real-time. For example, if you publish an article on Microsoft, then you can select only Microsoft related articles for an accompanying news widget.
  6. Interest Rates

    Two years ago, very few people outside of financial services had heard of LIBOR. Now everyone that owns a home is paying much closer attention to interest rates. Whether your business is real estate or bond trading, if visitors to your website are impacted by interest rate fluctuations, then you might want to think about adding an interest rate widget with the most recent rates or yield curves.
  7. Economic Events and Statistics

    With unemployment sitting at ten percent, everyone is staying tuned in to the latest economic events and statistics from retail sales to the federal deficit. If you're audience is interested in the state of the economy (and who isn't), then you can't miss by working in a few choice data points to pique their interest.
  8. Executive Compensation

    That's right, executive pay. Everyone knows that there are few topics hotter right now than runaway compensation. But, did you know that all of this information is publicly available? Companies are required to file it along with their financial statements. However, getting at this information off of a 10K can be difficult. A financial Web service provides database-like access to the information in real-time over the Internet, which can make life much easier and your stories more interesting if you are a financial reporter or you publish research on public companies.
  9. Gold and Commodity Prices

    In uncertain economic times, investors rush to gold and commodities. Or, so goes the conventional wisdom. If you are an online gold broker, real-time price information via Web services might save you lots of money by eliminating the need to maintain in-house databases. But, it can just as easily spice up your blog.
  10. Mutual Fund Prices and Information

    While most people have their money invested in mutual funds, the vast majority of news and reporting focuses on a few financial indices like the Dow Jones Industrial Average or the S&P 500. But, there is a surprising wealth of information available on mutual funds that might be much more relevant to your audience. In addition to the daily price or Net Asset Value (NAV), you can also easily access fund holdings and performance information.
About Xignite Xignite is the leading cloud services provider of on-demand, global financial market data and application components. The Xignite financial Web Services and mash-up platform helps companies build smarter websites and software applications in minutes with zero investment and cost-effective, subscription pricing. Xignite offers over 50 solutions covering domestic and global equities, commodities, currencies, fixed income and interest rates, company fundamentals, corporate information and more. Xignite solutions power mission-critical applications and financial websites for more than 550 global clients, including Forbes.com, kaChing.com, NetSuite, Citi, GE Commercial Finance, ING, Starbucks, Wells Fargo and Wendy's. For more information, visit www.xignite.com or call 1-866-XML-SOAP. For further press information regarding Xignite please contact: Annie Klein Schwartz Communications Telp: (415) 512-0770 Email: xignite@schwartz-pr.com

RECENT NEWS

Xignite, Inc., a provider of market data distribution and management solutions for financial services and technology companies, announced today it has enhanced the data coverage for its’ interbanks and interest rates APIs in preparation for the required transition from the London Interbank Offered Rate (LIBOR) benchmark interest rate at the end of 2021.

Used in financial products such as adjustable-rate mortgages, consumer loans, credit cards and derivatives, LIBOR has been the world's most widely used benchmark for short-term rates. But after the 2008 financial crisis the U.S. Federal Reserve recommended a new benchmark interest rate to replace the outdated and problematic LIBOR. In the U.S market the new benchmark is Secured Overnight Funding Rate (SOFR), which is based on transactions in the U.S. Treasury repurchase, or repo, market, where banks and investors borrow or lend Treasuries overnight. Other countries are introducing their own local-currency-denominated alternative reference rates for short-term lending.

Xignite banking, and Fintech customers that build apps for capital markets, investment management, financing, and foreign currency exchange purposes, require interbank and interest rates data to manage exchange and interest rate risk. Xignite enhanced its Interbanks and Rates APIs with SOFR earlier this year and has now added four of the alternative overnight risk-free rates (RFRs) recommended to replace LIBOR for currencies in respective markets. The new rates include Euro Short-Term Rate (ESTR), Swiss Reference Rates (SARON), Sterling Overnight Index Average (SONIA), and Tokyo Overnight Average Rate (TONAR). These additional rates are available now at no additional cost to customers.

“Our rates and InterBanks APIs were the first REST APIs ever released to serve the needs of the lending and banking industries. They uniquely aggregate rates that are used by dozens of firms globally in critical business processes,” said Vijay Choudhary, Vice President of Product Management for Xignite “Given the major shift the industry is experiencing regarding reference rates, it was critical for us to support those new rates to give our clients the data they need to run their businesses,” added Choudhary.

Xignite’s Interbanks API offers real-time and historical interbank and deposit rates for currencies in 40 countries. Xignite’s Interest Rates API provides interest rate data for over 600 global treasury, money market and private capital market instruments and benchmarks. The new alternative T+1 (24hr+ delayed) rates include:

  •         Europe: Euro Short-Term Rate (ESTR) is an interest rate benchmark that reflects the overnight borrowing costs of banks within the eurozone. The rate is calculated and published by the European Central Bank.
  •         Switzerland: Swiss Reference Rates (SARON) represents the overnight interest rate of the secured money market for Swiss francs (CHF). The rate is calculated and published by SIX.
  •         United Kingdom: Sterling Overnight Index Average (SONIA) is the effective overnight interest rate paid by banks for unsecured transactions in the British sterling.
  •         Japan: Tokyo Overnight Average Rate (TONAR) is an unsecured interbank overnight interest rate and reference rate for the Japanese yen. The rate is calculated and published by the Bank of Japan.

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. 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.

06/09/2021

Xignite, Inc., a provider of cloud-based market data distribution and management solutions for financial services and technology companies, today introduced XigniteGlobalCorporateActions, a new advanced API providing detailed corporate actions data for events such as stock splits, dividends, mergers, and spinoffs. The COVID-19 pandemic has led to a dramatic increase in corporate actions, annual meetings canceled, dividend payouts suspensions, and an accelerated company mergers and acquisitions rate. Knowing when a company plans to offer a split or undertake an acquisition is critical for buy-side and sell-side firms.

Corporate action processing is one of the “last frontiers of pain” for investment management, and one of the most manual and complex parts of back-office operations. The lack of uniformity and standards makes it difficult to identify and interpret information correctly. Obtaining accurate and timely information is challenging, and errors can result in painful financial losses. The XigniteGlobalCorporateActions is the first cloud-based REST API to eliminate the pains and complexity caused by legacy data feed and files. The API provides a single-source data stream with consistent information gathered from more than 190 exchanges and over 30,000 U.S. mutual funds.

The recent split of TSLA and AAPL stock on the same day illustrates the complex and far-reaching impact of corporate actions. If a firm does not do this correctly, it will show on historical charts, and their customers will notice. Xignite’s Data Quality team cross-validates our corporate actions data across sources and proactively detects and fixes any missing information. This prevents missing issues such as the TSLA and AAPL splits.

“The industry is facing a ‘perfect storm’”, says Vijay Choudhary, Vice President of Product Management for Xignite. “On one hand you have a massive wave of corporate actions fueled by the pandemic and the rising markets, and on the other you have millions of new retail investors eyeballing their investment applications all day long. One bad corporate action can send your customer service department into a tailspin,” added Choudhary. Additional detail on the Corporate Actions API endpoints:

GetDistributions - Returns cash and stock dividends as declared by the company for a requested security and date range.

GetDistributionsByExchange - Returns cash and stock dividends as declared by the company for a requested exchange and date.

GetEventSummaries - Provides a high-level overview of events for a requested security and date range.

GetMergers - Returns merger events for a given identifier and date range.

GetSpinoffs - Returns spinoff events for a given identifier and date range.

GetSplits - Returns the stock split history for a security for a specified date range.

GetTakeovers - Returns takeover events for a given identifier and date range.

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 specialized microservices-delivered modules to build efficient and cost-effective enterprise data management solutions. Visit http://www.xignite.com or follow on Twitter @xignite

05/18/2021

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