Three New Xignite Web Services Offer Leading Market Indicator News and Analysis On-Demand
SAN MATEO, Calif. January 30, 2007--Xignite, the leading pure-play provider of financial web services for mission-critical corporate applications, today announced a partnership with Econoday, a comprehensive resource for accessing calendar information on U.S. Treasury and U.S. economic events, through which Xignite will redistribute Econoday's economic calendar information as part of its on-demand financial web services.Econoday helps investors strategically manage their portfolios and follow economic trends with comprehensive listings of all upcoming economic events. Xignite will package the Econoday data into several new services, including:
- XigniteCalendar: offering dynamic access to global economic calendar events, including pre-event consensus data and actuals
- XigniteFedWatch: offering analytical content around the U.S. Federal Reserve Board policies and decisions
- XigniteOutlook: offering high value editorial on U.S. financial markets
"This alliance with Xignite opens up new channels and opportunities for Econoday to reach more market watchers and investors directly through the corporate applications they already interact with on a daily basis," said Cynthia Parker, CEO of Econoday. "Delivery of our economic event news and analysis as next-generation web services adds a whole new dimension of access and customization capabilities for our customers. For example, those companies only interested in tracking fixed income trends can focus just on the data they need, and not on the extraneous information they don't. Xignite's flexible licensing and distribution model integrates well with our mission to serve customers with a variety of delivery options."
Econoday's web-based calendar information keeps investors up-to-date on the major market announcements of the day, integrated with a variety of educational resources, including event descriptions, weekly articles on global market activities and in-depth resource modules on specific topics such as the equity and bond markets, the Federal Reserve and country profiles. The calendar features a special focus on tracking the release data a nd historical trends of the 12 leading market-moving indicator events. These indicators identify strengths and weaknesses in the economy as well as the pace of inflation. Econoday's print and web products provide unbiased, jargon-free, market-focused analysis that lends perspective and insight into how market events affect investment strategies.
"We all march to the drum beat of major economic announcements such as the next Fed rate change or the latest consumer confidence indicator," said Stephane Dubois, CEO of Xignite. "Econoday virtually defined the online economic calendar as the leader in its field. Now, our financial web services and corporate clients can easily integrate high value, completely customized event information into their employee portals, investor web sites or wireless applications."
More than two million investors rely on Econoday to provide better, more strategic information to manage their portfolios and follow economic trends. Econoday simplifies the complex web of financial data and events by delivering tools that enable intelligent investors to collect and analyze information on a variety of components to manage long-term success. Econoday offers print financial calendars, online calendars and analysis and the new MyEconoday personalized financial calendar service. For more information, visit www.econoday.com
Xignite (pronounced "x-ignite") is the leading pure-play provider of financial web services for mission-critical corporate applications. As a pioneer in the field, Xignite offers the broadest integrated suite of financial web services available today on an on-demand platform, with more than 35 solutions covering market quotes, news, corporate data, industry information, analytics, tools and more. Xignite powers mission-critical applications for portfolio management, sales management, trading, investor relations, corporate portals, executive dashboards, analytical engines and more. Xignite serves more than 220 clients, including Ameriquest, GE Commercial Finance, Goodyear, ING, McDonald's, Marsh & McLennan, Starbucks, and Wendy's. For more information, please visit www.Xignite.com