San Mateo, CA — March 23, 2010 —
Xignite, Inc., the leading cloud services
provider of on-demand global financial market data
and application components, today announced the immediate availability of XigniteBondMaster, an on-demand web service delivering data covering over 125,000 U.S. corporate bonds
, including CUSIP codes from Standard & Poor’s. The new web service gives software developers a systematic way for their applications to receive corporate bond reference data directly over the Internet.
The XigniteBondMaster web service offers corporate bond maturity dates, coupon rates and master data about bond issuers. All bond data can be searched easily by the name of the issuer or by unique identification codes such as the VALOR number, the International Securities Identification Number (ISIN) or the Standard & Poor’s Committee on Uniform Security Identification Procedures (CUSIP) code.
Thanks to a new agreement between Xignite and Standard & Poor’s, Xignite’s customers can now look up bond CUSIP codes using XigniteBondMaster. Owned by the American Bankers Association and operated by Standard & Poor’s, CUSIP codes are universally recognized as unique identifiers for over 8.4 million financial instruments.
As a cloud-based web service, XigniteBondMaster delivers corporate bond data on an on-demand basis, saving technology development time and expense. Software developers and IT departments can use XigniteBondMaster to add corporate bond data to their software applications. With XigniteBondMaster’s application-ready interface, applications can retrieve bond data on-demand over the Internet right at the moment when a user needs the data. Using on-demand bond data, application developers are able to eliminate the high costs and time commitments of managing bond data locally.
“XigniteBondMaster has allowed us to stay focused on our core business, helping our clients manage their regulatory compliance, rather than spending our resources on data management infrastructure,” said Tad Mitchell, President and COO of Compliance11, the leading provider of on-demand regulatory compliance management solutions for the financial services industry. Compliance11 is using XigniteBondMaster to help their clients enforce employee bond trading restrictions by comparing bond data from XigniteBondMaster with brokerage reports and their clients’ restricted lists.
“We’ve experienced very strong demand specifically for bond data delivered in an on-demand format,” said Stephane Dubois, Xignite’s CEO. “We’re thrilled to be expanding into the bond arena now with the launch of our latest service. And we’re just as thrilled to be able to offer our customers the ability to look up bond CUSIP codes as part of the service.”
XigniteBondMaster is publicly available as of March 23, 2010 on the Xignite website at http://www.xignite.com/xBondMaster.asmx
. CUSIP codes are available through XigniteBondMaster only to companies with the appropriate agreements in place with Standard & Poor’s.
Xignite is the leading cloud services provider of on-demand, Web services for professional-grade financial market data and applications, fulfilling more than one billion service requests per month. Xignite offers the broadest selection of financial Web services available today with more than 50 solutions covering domestic and global equities, commodities, currencies, fixed income and interbank interest rates, analyst predictions, company fundamentals, corporate information and news. Xignite solutions power mission-critical applications for portfolio management, sales management, trading, investor relations, executive dashboards, asset pricing, ERP, accounting, e-commerce, online games and financial Web sites for more than 600 global clients, including Citi, GE Commercial Finance, Wells Fargo, ING, Marsh & McLennan, Forbes.com, NetSuite, kaChing.com, Wolfram|Alpha, Seeking Alpha, Starbucks, and Wendy's. For more information, please visit www.xignite.com
or call 1-866-XML-SOAP.
llong [at] xignite.com