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WaveMaker and Xignite Partner to Provide Financial Services Mashups

Xignite

WaveMaker Visual Ajax Studio Enables Rapid Application Development and Deployment for Xignite Web Services

SAN FRANCISCO Calif. July 23, 2008--WaveMaker™, a provider of open source tools for rapid Web application development, today announced a strategic partnership with on-demand financial web services provider Xignite. Together, Xignite and WaveMaker will greatly simplify the process by which financial services organizations integrate key financial information into the processes and applications their employees and clients use every day. By combining Xignite’s web services and WaveMaker’s Visual Ajax Studio development environment, customers can easily create and deploy a mashup to an existing Web page or dashboard in a matter of minutes.

Xignite web services allow companies in need of financial information the ability to display or use financial market data in an application, such as last sale prices, charts, news, SEC filings, currency exchange rates or commodity prices. WaveMaker’s drag-and-drop Web application toolkit enables users to quickly and easily create database-driven Ajax Web applications without having to write complex code. Together, WaveMaker provides developers the ability to quickly create nearly code-less mashups and integrate them into existing business applications. To view a sample of Xignite’s data in a stock ticker widget imbedded in a Web page created by WaveMaker, visit: WaveMakerFinancialDataTicker.

"Together, Xignite and WaveMaker are showcasing the power of Web 2.0 for financial services," said Chris Keene, CEO of WaveMaker. "With the WaveMaker/Xignite ticker widget, any developer can add real-time financial data to their web site in less than five minutes – a task that would have taken weeks to accomplish before this partnership."

The agreement begins a partnership that will allow WaveMaker to create mashups of Xignite’s more than 55 financial web services. Under the partnership, the companies will collaborate on product development as well as conduct joint sales and marketing activities in the future.

"Firms are increasingly looking for easier ways to build applications. They no longer have the time to spend weeks or months building functionality that needs to change quickly based on business and market constraints. The WaveMaker Visual Ajax Studio is a great tool developers can use to build robust applications and integrate financial data in minutes," said Stephane Dubois, CEO of Xignite. "Our partnership with WaveMaker will provide our clients with a professional yet affordable way to deliver data internally or publicly."

About WaveMaker Software™

WaveMaker Software™, Inc. provides an easy-to-use, open source Web application development platform for aspiring Web developers. WaveMaker's Visual Ajax Studio is Web Fast and CIO SafeTM, enabling developers to quickly create and deploy Web applications that adhere to the CIO's architecture, security and data policies. WaveMaker Software is privately held and headquartered in San Francisco, California, and is funded by Allegis Capital, Sippl Investments, Hummer-Winblad and Worldview Technology Partners. For more information, please visit http://www.wavemaker.com.

About Xignite

Xignite (pronounced "x-ignite") is the leading pure-play provider of financial web services for mission-critical corporate applications. Xignite offers the broadest integrated suite of financial web services available today with more than 50 commercial-grade solutions covering market quotes, news, corporate data, industry information, analytics, tools and more. As a pioneer in the field, Xignite's comprehensive platform brought the on-demand model popularized by Salesforce.com in enterprise software market to the financial market information industry. Xignite fulfills more than 600M service requests per month, powering mission-critical applications for portfolio management, sales management, trading, investor relations, corporate portals, executive dashboards, analytical engines and more. Xignite serves more than 350 global clients, including Ameriquest, GE Commercial Finance, Goodyear, ING, McDonald's, Marsh & McLennan, Starbucks, and Wendy's. For more information, please visit Xignite at www.xignite.com or call 1-866-XML-SOAP.

WaveMaker Software, Visual Ajax Studio, Web Fast and CIO Safe are trademarks of WaveMaker Software. All other trademarks are property of their respective holders.

For further press information, please contact:

Chloe Jackson

WaveMaker Software, Inc.

Telp: (415) 357-0210

Email: cjackson@wavemaker.com

Jen Spark

Schwartz Communications, Inc.

Telp: (415) 415-0770

Email: cjackson@wavemaker.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