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Xignite-Powered StockTouch, Top iPad App for Finance, Wows Wall St and Novices Alike

Xignite

Xignite Partners With StockTouch to Bring Innovation to the Financial World and Personal Finance Users
San Mateo, CA and NEW YORK, NY – April 2, 2011 - StockTouch was developed, using web services from Xignite, the leading market data cloud, by a team of 3 people in 3 months. It rose to become the top-selling iPad app in the Finance category for iOS the very first week it became available. Based on a 3-D gaming engine, StockTouch gives users a near-instant understanding of the global stock market with stunning visuals. The most popular mobile app with finance workers, it is also an intuitive educational tool for novices looking to better understand the financial markets. Additionally, StockTouch was honored as Top Finance App in the iOS App Store Rewind 2011. "The usage of mobile devices in financial services is changing as fast as the technologies that enable it. The combination of a thin-client, touchpad interface and high-resolution graphics makes tablets a compelling solution for a host of capital markets applications, from trading and portfolio analytics, to equity research and pitch books. In an age where news and information travel fast, waiting a few hours to take action is no longer acceptable," said Adam Sussman, Principal, Director of Research, TABB Group.For only $4.99, StockTouch users wield the power of the international stock market in the palm of their hands. As finance workers move away from monolithic applications toward easy mobile solutions, StockTouch is gaining popularity as an indispensable tool. With its dynamic zooming interface and intuitive gesture controls, StockTouch demonstrates how finance can be demystified by modern graphics and technology. "Professional and individual investors have come to expect anytime, anywhere access to their account and market data. More financial services firms are developing apps for smartphones and tablets so their clients can get news and data with rich graphics on a smart device. Events in overseas markets have helped to accelerate this trend because smart devices keep investors connected and informed while they are away from the office," stated Bill Fearnley, Jr. Senior Analyst at Celent.The rapid development of this app, diversity of the data it offers, and ease of access to that data are all made possible by Xignite, the leading market data cloud. Xignite is helping StockTouch evolve to become an even more successful app by providing the data necessary to deliver a universe of market data intelligence across different asset classes. "As a company we are focused on creating innovative and powerful new ways to visualize market data, and to make this available to a wide audience of professional and retail investors. Xignite has been a key partner for us, enabling us to focus on our core strengths." said Jennifer Johnson, CEO of StockTouch’s parent company Visible Market. Currently, StockTouch supports approximately 1,350 stocks and displays 9,500 charts, 16,000 news stories and 50,000 tiles of heat. The Top 900 US / Top 900 Global stocks are shown in two key heat maps. In the works are support for 1,000s of additional stocks and ETFs via search, as well as personalized visual watch baskets. "Now mobile apps are driving the future of corporations across the globe," said Stephane Dubois, CEO and founder, Xignite. "The only way to deliver big data with the elasticity and scalability these mobile apps require—whether you’re a startup in the Silicon Valley or a multi-national financial service organization—is to harness the cloud."
About StockTouch
StockTouch is a top selling iOS app in the Finance category. Launched in the summer of 2011 and rated Top Finance app in the App Store Rewind 2011, StockTouch is a powerful new way to visualize the stock market. Visible Market Inc., the parent company of StockTouch, creates innovative iOS apps that demystify the financial markets and help people make better investment decisions.
About Xignite
Xignite is the leading financial market data cloud provider, offering more than 50 financial cloud APIs and fulfilling more than five billion service requests per month for real-time, historical and reference data covering global equities, commodities, currencies, options, fixed income, mutual funds, derivatives and OTC instruments. The Xignite market data cloud powers mission-critical applications for financial services front, middle and back office, financial websites, investor relations, corporate ERP and BI, e-commerce, and mobile for more than 900 clients in 47 countries, including Citi, GE, Wells Fargo, ING, BNY Mellon, Natixis, Forbes.com, SeekingAlpha, ExxonMobil, Starbucks, Netsuite, and Barrick Gold. The award-winning XigniteOnDemand cloud platform also provides new online channels for stock exchanges, trading venues, OTC brokers and market data originators including CME Group, NASDAQ OMX, BGCantor and Pearson. For more information, please visit www.xignite.com or call 1-866-XML-SOAP. Media Contact: Maria Canul Senior Manager, Press and Media Xignite Inc. mcanul [at] xignite.com (650) 288-1184

RECENT NEWS

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.


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01/26/2021

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

01/25/2021

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

01/12/2021

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

01/06/2021