SAN MATEO, Calif.--(EON: Enhanced Online News)--Xignite, Inc., the leading provider of market data cloud services, announced they will be attending Inside Market Data Chicago 2013 on September 10. The event focuses on top of mind market data issues for the investment management and trading community. Xignite will be discussing how their cloud-based Enterprise Data Distribution solution enables financial institutions to reduce and contain their market data spend and drive internal and customer innovation by making the data available globally through a private, branded market data cloud. Stephane Dubois, Xignite CEO, and will participate on a panel discussing the role of market data management in controlling costs and maximizing profits.
“Companies need better and smarter ways to manage their data and spend. Xignite’s cloud-based Enterprise Data Distribution solution allows them to store and cache their data once in the cloud and then distribute, track and report usage for that efficiently, saving money, increasing productivity, improving compliance and finally driving innovation.”
Many large financial institutions have aging market data infrastructure and spend millions of dollars on financial data, often wasting money on redundant or overlapping licensing. It is challenging to drive value and innovation from these legacy solutions. The Xignite Enterprise Data Distribution cloud-based solution is designed to help financial institutions reduce market data spend and drive data adoption by making a company's market data globally available to apps, users and developers through a private, branded catalog of flexible and easy to use application programming interfaces (APIs).
“We are pleased to share with the market data industry how Xignite is improving the way financial institutions purchase and manage market and reference data,” says Stephane Dubois, Xignite’s Founder and CEO. “Companies need better and smarter ways to manage their data and spend. Xignite’s cloud-based Enterprise Data Distribution solution allows them to store and cache their data once in the cloud and then distribute, track and report usage for that efficiently, saving money, increasing productivity, improving compliance and finally driving innovation.”
Xignite, Inc. is the leading provider of market data cloud solutions. The Xignite Market Data Cloud offers more than 40 financial web services APIs providing real-time, historical, and reference data across all asset classes and fulfils more than 6 billion requests per month. Xignite CloudAPIs power mobile financial applications, websites, and front-, middle- and back-office functions for more than 1000 clients worldwide, including Wells Fargo, GE, Computershare, Investopedia, Personal Capital, Natixis, Charles Schwab, Seeking Alpha, Stocktwits, Starbucks, and NetSuite. The company also powers private-label, on-demand data distribution solutions for exchanges, including NASDAQ OMX, NYSE Euronext, data vendors including Direct Edge, SIX Financial Information and Alpha Trading, and financial institutions.
For more information, visit http://www.xignite.com.