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Xignite Clients Nominated for 20 Benzinga Fintech Awards

Xignite

Xignite, Inc., the leading provider of cloud-based financial data APIs, is proud to announce that 20 of its clients were recognized as among the most innovative financial technology companies at the 2016 Benzinga Fintech Awards held last week. Xignite clients won 11 awards, placed in 6 categories, including Founder of the Year and Overall Fintech Leader, and swept the Innovation in Mobile category winning first place, runner up and honorable mention.

Over 250 companies from five countries were considered for these awards and the most creative, innovative and disruptive were recognized at the ceremony. Benzinga, itself an emerging fintech powerhouse, created the awards to recognize the most innovative companies that are revolutionizing capital markets and wealth management and reinventing the way investors and traders perform their jobs. The high-energy ceremony was attended by some of the most influential movers and shakers in the financial services industry, all of which have been instrumental in fueling innovation in the fintech space.

Behind all 20 of these companies’ success lies Xignite market data APIs and its cloud-based platform. Xignite provides real-time and reference market data to emerging and established financial services companies to help them deliver stock market quotes and similar pricing data to their digital assets, such as websites and apps.

“We are proud to enable these fintech companies that are changing the world of financial services with their innovative products,” said Stephane Dubois, CEO and Founder of Xignite. “We are powering the leading fintech disruptors by providing these entrepreneurs with simpler, faster and less expensive financial data APIs than legacy data vendors. It is also exciting to see large financial organizations beginning to react to this sea change and trying to catch up on innovation and cost savings.”

The 20 winners and nominees are:

3rd Place Overall Winner
TipRanks is an aggregator of digitally published stock recommendations.

Founder of the Year
Chris Camillo, CEO and Co-founder, TickerTags. TickerTags monitors the social web in real-time, analyzing words and phrases that represent volume movements outside of baseline norms.

Outstanding Military Veteran in Fintech
Randy Vollen, PNC. PNC offers a wide range of services for financial success including retail banking and asset management.

Innovation in Mobile
Scout FinanceWinner. Scout Finance apps allow investors to monitor stock prices and access financial data and more when they are mobile.

Call Levels - Runner-up.  The Call Levels app allows users to track the market from their smartphone or smartwatch and set “call levels” so they receive alerts when prices they specify are hit.

DriveWealth - Honorable Mention. DriveWealth enables individuals outside the U.S. to own and trade U.S. securities.

Stash Invest – Honorable Mention. The Stash Invest app lets users choose investments tied to their interests, beliefs, and goals starting with as little as $5.

TD Ameritrade – Honorable Mention. TD Ameritrade is an online broker for stock, option, futures, forex trading, long-term investing, and retirement planning.

Leveling the Playing Field
Harvest Exchange – Honorable Mention.  Harvest Exchange provides the investment industry with more effective communication across public and private communities.

IEX Trading - Honorable Mention. IEX operates as an alternative trading system (ATS) and has applied to the SEC to become a stock exchange.

Research Platforms, Apps & Tools
TipRanks - Runner-up. TipRanks lets investors see the track record of predictions from analysts, hedge fund managers, financial bloggers and corporate insiders.

Wealthminder - Nominated. Wealthminder helps investors learn about and connect with qualified financial professionals each month as well as help advisors improve their online presence and proposal-management services.

Proprietary Technology & APIs
Envestnet – Nominated.  Envestnet provides wealth management technology and services to investment advisors.

eVestment – Nominated.  eVestment’s SmartVision solution allows investment advisors to have smarter conversations with their clients.

Xignite – Nominated. Xignite provides real-time and reference market data cloud-based APIs to emerging fintech companies and established financial services enterprises.

Analysis Platforms, Apps & Tools
ChartIQ - Nominated. ChartIQ lets users create stock and forex charts for web or mobile devices and partners with Xignite offering next generation financial widgets.

Quovo - Nominated. The Quovo platform enables financial advisors, institutions, and fintech companies to aggregate and analyze financial account data.

Finding Alpha
Data Capital Management – Nominated. DCM offers a multi-strategy hedge fund built on big data and novel data feeds.

Robo Advisor & Wealth Management Tools
Advizr – Nominated. Advizr provides financial planning software for financial advisors.

Educational Tools & Services
Peeptrade - Nominated. Peeptrade is a social trading network where anyone can see what top traders are doing with their own money in real-time.

Trading Idea Platform & Apps
Stocks for the Week - Nominated. Stocks for the Week helps investors discover undervalued stocks through smart algorithms.

About Xignite
Named one of the ten coolest brands in banking, Xignite, Inc. provides cloud-based financial market data APIs to help emerging companies and established enterprises deliver real-time and reference market data to their digital assets, such as websites and apps. Xignite’s clients include more than 1,000 financial services, media and software companies from disruptive fintech firms, such as Betterment, Future AdvisorMotif InvestingPersonal CapitalRobinhood, SoFi, StocktwitsWealthfront and Yodlee, to leading financial institutions, exchanges and market data vendors. Visit http://www.xignite.com or follow on Twitter @xignite.

RECENT NEWS

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 Neeva, the world’s first ad-free, private subscription search engine. Neeva has built features to deliver information in a more user-friendly manner to a general audience. One new feature is a stock tracker, enabling users to look at stock prices based on different time intervals and other key data points. The stock tracker is powered by Xignite financial data. Click HERE to download the case study containing the full results.

Neeva’s stock tracker requires significant quantities of high-quality market data to function. The company initially enlisted a legacy data provider but quickly ran into issues with data and API quality. Neeva needed to integrate quickly and required fast and reliable financial data. After a trial and receiving a recommendation from another client, Neeva identified Xignite as a provider capable of delivering large quantities of market data in a comprehensive and developer-friendly manner. 

“We were impressed by Xignite and committed to them following a successful trial,” said Stephanie Chang, Head of Marketing at Neeva. “The main factors that drew us to Xignite were the consistency of their stock ticker coverage and the granularity of their time-series ticker data, as well as the speed and reliability as well as the speed and reliability of their API,” added Chang.

Integration of the Xignite financial data APIs into Neeva’s stock widget took less than two weeks, and Neeva noticed immediate results in terms of breadth, detail, and API quality. Powered by Xignite’s global quotes and global historical APIs. Neeva presents its users with rich and desirable views of key data points for a huge variety of stocks. Users can use a time-based filtration mechanism to drill into metrics like open price, daily highs, and lows, 52-week highs and lows, volume, and market cap. 

“Xignite’s vision is to Make Market Data Easy. With our industry leading technology combined with Neeva’s user friendly search engine we have done just that,” said Stephane Dubois, CEO and Founder of Xignite. “We look forward to continuing our work with Neeva as they disrupt the search engine marketplace.” 

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

About Neeva

Neeva is the world’s first ad-free, private subscription search engine. Neeva focuses entirely on the consumer, delivering only real, high-quality, trustworthy results. Neeva blocks third-party website trackers and will never sell or share customer data with any third party, especially advertisers. Neeva also makes it easy to search within personal email accounts, calendars, and cloud storage platforms surfacing the most important information from the same familiar search box. Neeva was founded by former executives from Google and YouTube. Learn more and sign up at Neeva.com.

07/15/2021

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