Internet Start-Ups Palantir Technologies, Turing Studios and StockTwits Leverage On-Demand Financial Market Data from Xignite to Accelerate Time to Market and Reduce Investment RiskSan Mateo, CA — November 9, 2009 — Xignite, Inc., the leading cloud services provider of on-demand financial market data and application components today announced its work with emerging financial information companies Palantir Technologies, an analytics platform provider, Turing Studios, an iPhone application developer, and StockTwits, a social stock micro-blogging community. These companies represent a new wave of start-ups that are integrating existing application components from Xignite Web services in unique ways to bring solutions to market at a fraction of the time and total cost of ownership of their predecessors. Traditionally, start-up companies that needed financial market data to build their applications were forced to waste valuable time and resources to obtain data and expend high up-front investment costs that had to be recouped quickly through advertising and end user revenue. Now, entrepreneurs can leverage on-demand market data from Xignite that is affordable, immediately available and scalable for any size Web business. Xignite's financial Web services provide these companies with the tools to create new service offerings using only a few lines of code, freeing entrepreneurs to focus their energy and creativity on bringing new ideas to market. "Next-generation financial applications are unable to cope with legacy technology, but Xignite helps these companies get to market in a fraction of the time, while limiting their up-front investment risk," said Stephane Dubois, CEO, Xignite. "Many start-up founders tell us they could not exist without Xignite financial Web services, yet with our assistance they are paving the way for the rest of the industry to inevitably follow them." Palantir Technologies' Palantir Finance product is an enterprise platform built to enable banks and hedge funds to integrate and analyze all their disparate commercial and proprietary data sources. The platform, which encompasses the entire analysis stack, was built with a focus on security, scalability, ease of use and collaboration, and is a core component of any organization's intelligence infrastructure. Specifically, Palantir Finance is using Xignite's historical stock quote Web service for its ease of integration and license terms that permit publishing data to the Web, which enables them to publically demonstrate their platform through a public instance called JoyRide. Turing Studios is the developer of multiple iPhone applications, including PortfolioLive, a portfolio management application that tracks stock prices, values, option and futures. PortfolioLive utilizes market data from the Web, but user demand for real-time market data led the company to create a real-time offering using Xignite's BATS Last Sale Web service, which will be available in December 2009. The Web service funnels real-time stock quotes from the up and coming BATS Exchange directly into the iPhone application, enabling Turing Studios to save money on development and server infrastructure costs, while providing better information to their users interested in real-time stock market data. "Xignite is flexible and worked closely with us to find a solution that best fit our needs," said Andy Sharp, senior systems architect, Turing Studios. "We could never supply our customers with the data they need at a price they can digest without Xignite." StockTwits is an open, community-powered information service for investments. Users can eavesdrop on traders and investors or contribute to the conversation and build their reputation as savvy market wizards. To serve its user base of 94,000 traders and investors, research analysts, financial enthusiasts and institutional representatives, StockTwits has been working to expand their financial data capabilities by offering on-demand ticker price queries. With the help of the Xignite NASDAQ last sale and security master Web services, StockTwits can efficiently pull on-demand information without having to sift through useless data. "With Xignite, we are able to access the exact financial data we want, without paying for data we don't need," said Howard Lindzon, co-founder, StockTwits. "The foreign exchange data used in our application enables StockTwits to be more successful by supporting our lightweight approach of delivering vertical value to a horizontal community, where both constituencies share a common passion: the desire to consume and share real-time information." For the latest updates from Xignite, please read our blog at blog.xignite.com or follow us on Twitter at www.twitter.com/xignite. About Xignite Xignite is the leading cloud computing 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 websites 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. For further press information regarding Xignite, please contact: Annie Klein Schwartz Communications Telp: (415) 512-0770 Email: firstname.lastname@example.org
"Cloudification of Capital Markets" On-Demand Webinar ft. Forrester Research & Amazon Web ServicesView Now
Most Recent Articles
Xignite Hires Mark Rowe as CFO – Company Poised for Rapid Growth
Xignite announced that former Microsoft executive Mark Rowe has joined the company as its Chief Financial Officer (CFO).
Xignite Adds Morningstar Global Funds Data to Its Market Data Cloud Platform
FinTech Robo-Advisors, Online Brokerages and Investor Analytics Companies Will Benefit From Easy API Access to Global ETF and Mutual Funds Data
Xignite Scales Leadership and Sales Teams, Adds Financial Services Industry Veterans
Cloud-based Market Data API Provider Opens New York Office to Service Rapidly Growing Capital Market Customer Base
Xignite to License its AWS-based Market Data Cloud Platform to Exchanges and Data Vendors
Xignite, Inc., the leading provider of cloud-based financial data Application Programming Interfaces (APIs) announced today the ability to license the company’s Market Data Cloud platform.
Xignite Webinar: The Cloudification of Capital Markets
Xignite, Amazon Web Services and featuring Forrester: webinar to address how market data APIs allow banks to innovate at the speed of a fintech startup
Xignite Clients Nominated for 20 Benzinga Fintech Awards
Xignite Fintech Clients Execute Clean Sweep of Innovation in Mobile Category and Win 11 Awards
Xignite Provides Free Use of Market Data APIs to Nine FinTech Sandbox Residents
Xignite is proud to announce that three FinTech Sandbox residents will showcase solutions powered by Xignite market data at the FinTech Sandbox Demo Day on March 24th.
Xignite to Showcase Financial Data Streaming and Alerts API Solutions at FinDEVr New York
Xignite will showcase CloudStreaming and CloudAlerts, two new APIs that allow fintech developers to stream real-time market data to digital financial applications, and add notification alerts.
Xignite Forex Data Now Available in the Oracle Cloud Marketplace
Xignite XigniteGlobalCurrencies API is now available in the Oracle Cloud Marketplace, offering added value to Oracle Enterprise Resource Planning (ERP) Cloud customers.
Xignite Named ‘Best Cloud Solution’ for 2016 Wall Street Letter Institutional Trading Awards
Xignite announced today that its Market Data Cloud platform has been named ‘Best Cloud Solution’ for the 2016 Wall Street Letter Institutional Trading awards.
Xignite CloudAlerts API Lets Fintech Developers Empower Investors with Real-Time Market Event Notifications
CloudAlerts, the Scalable Market Data API Provides Real-time Notifications of Market Events Such as Price Movements or Volume Breakouts
Xignite Closes $20M Series C Funding Round Led by QUICK Corp
Xignite has raised $20.5 million in a Series C funding round led by Tokyo-based QUICK Corporation, part of the Nikkei Group and Japan’s largest financial information provider.
Xignite Named as Leader Among Fintech Companies Disrupting the Financial Services Industry
Xignite, the leading provider of market data cloud solutions, finishes 2015 ranked as one of the world’s top fintech companies in several key reports.
Xignite Market Data APIs Available on SoundHound, Inc.’s Natural Language Voice Technology Platform, Houndify Enables Users to Receive
Xignite announced today the integration of Xignite market data APIs into SoundHound Inc.’s new Houndify platform, the leading sound recognition and search technology provider.
Xignite Streams Real-time Equity Prices to Ipreo Investor Relations Platforms
Leading provider of cloud-based financial market data solutions announced that market intelligence provider Ipreo selected Xignite APIs to provide real-time & delayed equity prices to Ipreo's platform
Xignite Records 50 Billion Financial Data API Calls per Month
In July, Xignite served more than 50 billion API requests from its market data cloud platform, breaking all previous company records and making Xignite among the top API cloud providers.
Xignite Announces Financial Market Data Cloud Streaming Solution for Fintech Apps
Xignite, the leading provider of financial market data cloud-based APIs, today introduced CloudStreaming, a web-based solution that streams real-time market data to digital financial applications.
OTC Markets Group Adds Xignite as Distributor of Real-Time Level 1 Market Data
OTC Markets Group Inc. announced it has added Xignite, a leading provider of market data cloud solutions to the financial industry, as a distributor of OTC Markets’ real-time Level 1 market data.
Xignite & 21 Innovators Join Forces to Launch the #FintechRevolution API Ecosystem
Xignite announces launch of the #FintechRevolution API Ecosystem, an industry-wide initiative that connects fintech developers with best-of-breed financial APIs.
Xignite to Unveil Financial Data Streaming Solution at Finovate Fall 2015 in New York City