Cloud-Based Market Data Distribution Helps Financial Institutions Reduce Market Data Spend and Drive Innovation

September 9, 2013

Xignite CEO to Speak at Inside Market Data Chicago 2013 SEPT. 9, 2013: Xignite, Inc. the leading provider of market data cloud services, announced they will be attending the Inside Market Data Chicago 2013 on September 10. The event topics focus 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 (EDD) lets financial institutions reduce and contain market data spend while driving 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. Large financial institutions typically spend spends of millions of dollars on market data and corresponding infrastructure. It is not unusual for them to waste money on redundant or overlapping licensing and aging infrastructure and it is challenging for them to drive value and innovation from those 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 all market data available to apps, users and developers globally through a private, branded catalog of flexible and easy to use 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.” Financial Institutions need better and smarter ways to manage their data and their spend. Xignite’s cloud-based Enterprise Data Distribution solution allows them to store and cache their data in the cloud once and then distribute, track and report usage for that more efficiently than ever before – saving money, increasing productivity, improving compliance and finally driving innovation.” About Xignite Xignite, Inc. is the leading provider of market data cloud solutions. The Xignite Market Data Cloud fulfills more than 6 billion requests per month and offers more than 40 financial web services APIs providing real-time, historical, and reference data across all asset classes. Xignite CloudAPIs power mobile financial applications, websites, and front-, middle- and back-office functions for more than 1000 clients worldwide, including  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.

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