Xignite Expands Using Amazon EC2 and Amazon S3


Provider of Financial Web Services Dynamically Scales Data Delivery to Process Hundreds of Millions of Customer Requests per Day

SAN MATEO, CA - April 20, 2009 - Xignite, Inc., a cloud services provider of on-demand, global financial market data and application components announced today that it has expanded its platform using the Amazon Elastic Compute Cloud (Amazon EC2) and Amazon Simple Storage Service (Amazon S3). Using Amazon Web Services (AWS), Xignite can now process hundreds of millions of customer requests per day and is successfully powering financial data for a number of its customers, including

Over the past year, Xignite has seen a large increase in the number of companies interested in its financial data delivered via the company's easy-to-integrate on-demand Web services. To meet the requirements of a significantly larger customer base, Xignite sought an infrastructure provider that could effectively and dynamically scale their delivery of real-time financial information with minimal waste of computing and network resources. The cloud computing infrastructure from AWS was a natural fit. Xignite began working with AWS in late 2008 when selected Xignite to deliver the Web site's real-time stock quotes and Xignite needed an infrastructure solution that was both scalable and cost-efficient.

"AWS is a leader in providing redundant computing infrastructure with multiple availability zones and a high level of economies of scale in computing and network bandwidth costs," stated Leo Chan, chief technical officer of Xignite. "AWS was an obvious decision."

Currently, Xignite employs Amazon EC2 and Amazon S3 to power a host of on-demand application servers, which increase or decrease according to bell-curve traffic load, a redundant cluster of load-balancers and cache financial information. Xignite can quickly expand computing infrastructure on AWS to improve scalability and reduce costs when rolling out new services and new clients.

Using AWS, Xignite reduced time-to-market to only two months and saved thousands in personnel costs by eliminating the need for a full-time operations engineer to procure and install servers at an additional collocation space. "We estimate that the overall cost savings including hardware, infrastructure and network bandwidth, and personnel, is estimated to be in the hundreds of thousands of dollars," claims Chan.

Xignite also benefits from AWS's efficient resource utilization which reduces waste. Chan explains, "Capacity is added during peak times and reduced off-peak and there is no need for standby capacity for redundancy. It is highly cost-prohibitive to achieve this with fixed capacity and traditional computing models." Before moving to AWS, Xignite deployed their services on server clusters at a premium collocation facility with higher fixed costs with underutilized capacity.

"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."

"Xignite delivers its customers financial Web services via Web widgets," said Steve Rabuchin, director of developer relations and business development for Amazon Web Services. "We are pleased that the AWS platform of infrastructure services can help Xignite expand its services to better support their customers."

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.

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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