Running on AWS, Xignite Powers 1000 Financial Technology Apps
Xignite, Inc., provider of market data API and distribution solutions for financial institutions and financial technology companies, announced today it has reached a milestone of serving five billion API requests each day. Running on Amazon Web Services (AWS), Xignite was one of the first market data distribution offerings available on the cloud, moving to AWS in 2009. Xignite also announced that they have launched their Market Data API and Market Data Cloud solutions on AWS Solutions Space.
Xignite customers power FinTech apps, such as robo-advisors, trading platforms, stock charts and investment analysis software, by integrating financial data via APIs. Unlike legacy data providers which require on-premise infrastructure to store and process market data, Xignite data is accessed via the public cloud. Xignite serves more than 150 billion API requests each month. Xignite’s real-time, end of day and historical reference pricing data is sourced from more than 100 data providers, including Morningstar, FactSet, MSCI and direct from global exchanges.
To help process the millions of API requests per day, Xignite is supported by AWS. The features and services of AWS enable Xignite to effectively and dynamically scale its delivery of real-time financial information, while optimizing computing and network resources freeing customers from the constraints of on-premise hardware and allowing them to create, deliver, and scale applications globally, touching millions of users and devices.
Xignite client StockCharts helps investors visualize financial data so they can make smarter investing and portfolio management decisions. “StockCharts integrates daily and historical pricing data from Xignite market data APIs to generate our charts for our 1.6 million monthly users,” says Grayson Roze, Business Manager, StockCharts. “Because Xignite runs on AWS, they can easily scale and handle our data demands at peak times,” said Roze.
Xignite Market Data API and Market Data Cloud solutions are now listed on AWS Solutions Space. Solutions Space allows AWS Financial Competency Partners to showcase their customer-ready solutions based on architecture validated by AWS. Xignite has achieved both the AWS Financial Services Competency and Advanced Technology Partner status. These designations recognize Xignite for providing deep expertise to help FinTech and financial services organizations manage their market data distribution and management solutions, powering offerings such as robo-advisors, trading platforms, stock charts, and investment analysis software. Xignite has demonstrated relevant technical proficiency and proven customer success, delivering these solutions seamlessly on the AWS Cloud environment.
Recognized as the data cornerstone enabling the growth of FinTech, Xignite, Inc. makes market data easy. Xignite pioneered the shift of market data to the cloud and is leading the disruption of the market data industry. The Xignite Market Data Cloud platform, hosted in the AWS cloud, allows companies to simplify infrastructure, scale quickly, and innovate faster. Xignite’s clients include more than 1,000 financial services, media and software companies including BMO, BlackRock, Charles Schwab, and TIAA, as well as leading FinTech disruptors Betterment, Envestnet|Yodlee, FutureAdvisor, Motif Investing, Personal Capital, Robinhood, SoFi, StockTwits, and Wealthfront. Visit http://www.xignite.com or follow on Twitter @xignite.