Xignite – A Wind Intensifying the Fintech Fireworks [News]


Daily Fintech market data cloudXignite is a 9 yr old business but naturally, most end users of financial products and services don’t know about them because they are in the infrastructure part of the business. Amazon’s Web Services (AWS) is also a nine-year old business and until last month, there was no public info on its size and profitability. We now know from Bezos that Amazon’s cloud is “a $5 billion business and still growing fast”.

Stephane Dubois, CEO and founder of Xignite (whose basic profile was covered in March) sells solutions that are in the cloud via Amazon services. Xignite is probably the first in the financial market data API space. Stephane is on a European tour through six cities and spoke in Zurich at the FintechCH meetup organized by John Hucker on the topic “APIs-essential infrastructure tool”.

The topic instantly sent me on a flashback to the beginning of my career; The Salomon Brothers trading floor, next to the proprietary traders that subsequently formed the LTCM hedge fund. The terminals and the data feeds, 4 for each chair-desk that had enamored me. This is all ‘90s-retro and data now doesn’t simply travel to back-offices and secure off-sites for backing-up. It is delivered to cars, airplanes, and watches. Most importantly, the need for storage and backup has been reduced drastically. At the same time, the need to repeatedly access this data has increased exponentially.

Xignite’s clients are now close to 1,000 ranging from financial services companies, media, software, and corporate clients; placing the company in a leading position as a provider of cloud-based financial market data. These clients range from large established businesses to startups of all stages. Dubois mentioned that about 5-10 fintechs contact them on a daily basis inquiring for data access. This is huge in many different ways. It reveals the nature of the economical and technological factors that are essential for fintech growth.

I can’t agree more with Dubois, who casually but clearly, referred to the popular and trendy Robo-advisor business.

“The Robo-advisor business has been enabled by three main tools:

ETFs – Trading APIs- Market Data APIs”

And this is so true, both for passive and for active robo-advisors. Xignite is a provider of shovels, pans, and dredges for the “fintech gold rush”. It is fueling the growth we are witnessing. At the April Benzinga Fintech awards 9 Xignite clients were honored amongst the most influential fintech companies. These were Motif, Betterment, Personal Capital, ChartIQ, Advizr, TipRanks, MarketProphit, OpenFolio, TD Ameritrade; all InvestTech innovators.

Xignite is also a data-partner of the Boston based not-for profit FinTech Sandbox whose mission is to support fintech startups for the first 6 months to alleviate the challenges of cost and access to data. This is a supportive effort by large financial institutions (e.g. Thomson Reuters), recognizing that a lot of innovation is happening externally and whose offering is free. The founder of Quantopian, a fintech company in the quantitative trading space (covered in Quantopian-DIY open sourced trading algorithms and a crowd-sourced hedge fund) is also on the board of this effort.

I am not a developer but I realize that Xignite is contributing to the strength and breadth of Fintech innovation.

Xignite is silently spreading the Google-like culture of intense experimentation, for financial services. It is allowing fast and broad prototyping.

Source: Daily FinTech


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.

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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 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