Award recognizes important role fintech companies are playing in the institutional marketplace
Xignite, the leading provider of cloud-based financial market data, announced today that its Market Data Cloud platform has been named ‘Best Cloud Solution’ for the 2016 Wall Street Letter Institutional Trading awards.
The Wall Street Letter awards, announced on February 23rd in New York, has now entered its fifth year, recognizing excellence among providers in the institutional trading industry, specifically awarding brokerage firms, exchanges and financial technology companies for achievements in innovation over the last year. Xignite was the only fintech company to receive an award, beating out established players and illustrating the evolving marketplace and the demand for fast, reliable and cost-effective technology.
The award win recognizes Xignite for its cloud-based Market Data Cloud platform, which distributes real-time, historical and reference market data APIs to help emerging companies and established enterprises deliver real-time and reference market data to their digital assets. The Silicon Valley-based fintech company is helping fuel fintech innovation by powering institutional investor quality wealth management, lending, payments and trading web sites and apps, including Wealthfront, Betterment, Robinhood, StockTwits and SoFi.
“We are honored to be recognized among established institutional players as the leading cloud provider,” said Stephane Dubois, CEO and Founder of Xignite. “Our business is focused on disrupting the financial services industry by providing access to simple, fast and cheap cloud-based market data APIs to help companies invent new and revolutionary applications and businesses. This award is an example of how the fintech industry is pushing financial services to innovate and we look forward to being a part in facilitating the amazing transformations to come.”