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

Xignite

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 www.indexoasis.com.

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 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.

Media Contact:

Annie Klein

Schwartz Communications

Tel: (415) 512-0770

Email: xignite@schwartz-pr.com

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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

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 http://www.xignite.com or follow on Twitter @xignite

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Xignite, Inc., a provider of cloud-based market data distribution and management solutions for financial services and technology companies, today announced that its Market Data Management-as-a-Service solution has been named “Best New Technology Introduced over the last 12 months – Infrastructure” at the 2020 WatersTechnology American Financial Technology Awards (AFTAs). Selected by the editors of WatersTechnology, the AFTAs recognize excellence in the deployment and management of financial technology within the asset management and investment banking communities.

Xignite’s Market Data Management-as-a-Service (MDMaaS) solution enables buy- and sell-side firms to centralize the management of vendor data feeds into their own cloud environment. The solution is built around the cloud microservice-based architecture and technology stack Xignite has been refining and scaling for more than 10 years. Xignite’s technology platform has been the backbone of the company’s Data-as-a-Service business, daily supporting 12 billion API requests of financial data for their 700 fintech and financial services clients. Now Xignite is leveraging this battle-tested cloud-native data management architecture to offer buy- and sell-side firms a market data vendor agnostic offering, with connectors available for firms to load data they license from Bloomberg, Refinitiv, ICE and numerous other providers.

The MDMaaS solution includes a suite of loosely-coupled modules that enable market data user firms to control their data usage, automate entitlements, optimize their data spend and minimize liabilities by simplifying data governance and ensuring regulatory compliance.

The functionality is delivered via microservices, an architectural approach in which core functionality is handled by loosely coupled, independently deployable modules that can work together or separately. Microservices architecture stands in stark contrast with monolithic platforms that require expensive on-premise technology – that is especially hard to maintain in the context of a pandemic.

The MDMaaS microservice-delivered modules introduced in 2020 include:

Xignite Entitlements and Usage - Manage the entitlement of vendor data to users and applications to ensure compliance and eliminate excess spend.

Xignite Optimization - Streamline data consumption to avoid duplicated vendor requests, leverage cached bulk data and get recommendations to reduce data costs.

Xignite Data Lake - Centralize, catalog and connect data shapes to enable frictionless integration by consumers via unified cloud APIs.

Xignite Reference - Aggregate, normalize, store and index vendor reference data to centralize enterprise-wide access.

Xignite Historical - Provide centralized access to normalized, stitched and adjusted historical data via cloud APIs.

Xignite Real-Time - Distribute real-time vendor data via cloud APIs, eliminating on-premise infrastructure.

Xignite Fundamentals - Make simple and complex time-series data structures available via cloud APIs.

“Xignite has pioneered market data in the cloud for more than 10 years now, so we are very excited to announce – and be recognized for – our Market Data Management-as-a-Service solution,” said Stephane Dubois, CEO, and founder of Xignite. “The pandemic has reinforced the need for financial services firms to migrate to the cloud as a means of navigating disruption and enabling scalability, among other benefits. We are proud to spearhead that effort and help the industry modernize its approach to financial and market data.”

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 via its Data-as-a-Service and Market Data Management-as-a-Service solutions. 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

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