Xignite Announces First On-Demand Web Service For Index Component Data


Customer Index Oasis Reports Immediate Return on Investment and a 35 Percent Reduction in Time to Market Using New XigniteIndexComponents Web Service

SAN MATEO, CA March 30, 2009 - Xignite, Inc., the leading cloud services provider of on-demand global financial market data and application components, today announced XigniteIndexComponents, the first on-demand web service to provide index component data. With XigniteIndexComponents, companies can easily access the data they need to make index-driven financial decisions via Xignite's on-demand web services, which substantially reduce the total cost of accessing financial market data. Index Oasis, the first customer to use the XigniteIndexComponents, has reported an immediate return on investment and attributes a 35 percent reduction in time to market to the service.

XigniteIndexComponents covers more than 40 major indices, including the Dow Jones Industrials and the S&P 500. It provides an up-to-date list of securities that make up indices and, for many of the indices, it also includes detailed weighting data about how much each security contributes to the overall index value. As an on-demand web service, organizations can now leverage this data to obtain only the data they need, without the heavy up-front investment in infrastructure, ongoing maintenance costs and lengthy development effort required by traditional financial data providers.

Index Oasis, a company focused specifically on index analysis, is using XigniteIndexComponents as a primary source for mission-critical data. With XigniteIndexComponents, Index Oasis helps financial advisors, money managers and investors manage their portfolios more wisely with a cutting-edge, web-based software platform. Index Oasis customers overcome the current market challenges by comparing and contrasting analysis on the constituent securities that make up major indices. XigniteIndexComponents provides Index Oasis with the index pricing and constituent information needed to perform their in-depth index analysis.

After evaluating numerous data sources, Index Oasis chose Xignite based on Xignite's on-demand delivery as well as Xignite's best-in-class products and depth of financial data knowledge. Index Oasis realized an immediate return on investment, which it attributes to fast, easy integration with no need for up-front investments in hardware or software infrastructure.

"Xignite's on-demand delivery model using web services cut our time to market by roughly 35 percent compared with traditional methods of integrating financial data, which was a key factor in our decision because it allowed us to pursue other high value initiatives," said Joe Lesters, CEO of Index Oasis. "We consider Xignite an extension of our own personnel and now think of them exclusively for our market data needs."

"At Xignite, we are finding a growing demand for financial Web services in the enterprise and in financial institutions, where economic pressures dictate significant reductions in IT expenditures, and among small companies that could not previously afford to obtain costly financial information," said Stephane Dubois, CEO of Xignite. "With XigniteIndexComponents, we are taking another step in opening up the market for financial information by using Web services and on-demand delivery to dramatically reduce the cost of sourcing market data."

About Index Oasis

Index Oasis is an independent third party company dedicated to global stock market index evaluation and analytics. It serves the financial services community by giving advisors, money managers and investors access to index profiles, asset allocation tools and standard financial models in an intuitive, cutting-edge web based software platform. Index Oasis customers obtain advantages over competitors being able to compare and contrast constituent analysis, risk/return analytics and index breakdowns to help discuss, breakdown and propose solutions to the complex financial landscape. In current market conditions, it has become increasingly important for advisors, money managers and investors to base financial investment decisions through analytical analysis. For more information, visit

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 Web sites for more than 400 global clients, including,, NetSuite, Citi, GE Commercial Finance, ING, Starbucks, Wells Fargo and Wendy's. For more information, visit or call 1-866-XML-SOAP.

Media Contact:

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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