Xignite Recognized as Industry Leader in Cloud-Based Solutions for Financial Services
Xignite, the leading provider of cloud-based financial market data, announced today that it has been shortlisted in the category of Best Cloud Provider for the 2015 FTF News Technology Innovation Awards.
The nomination recognizes Xignite for its Market Data Cloud, which provides a platform for hosting and distributing global financial market data from more than 170 exchanges and is considered the global leader in cloud-based data solutions. Through its seamless integration of real-time, historical and reference market data via its APIs, Xignite Market Data Cloud empowers today’s leading fintech disruptors and major financial institutions to innovate by enabling them to quickly and easily integrate market data into any application, including websites, mobile apps, SaaS or enterprise projects more quickly than ever before.
“Xignite was built on the conviction that true innovation in financial services depends on rapid, reliable access to market data, the lifeblood of the industry today,” said Stephane Dubois, CEO of Xignite. “Efficient data infrastructure is critical to financial firms’ digital evolution and to the continued growth of fintech, and we are thrilled that FTF News has recognized our company’s advanced product offering in this space. This nomination is a true testament to Xignite’s leadership both in financial services and fintech, as our Market Data Cloud is the most powerful market data distribution platform available today.”
Unlike existing data solutions, Xignite Market Data Cloud eliminates the data silos that make it difficult to manage the volume, distribution, reconciliation and compliant use of market data feeds. Its cloud-based infrastructure allows financial firms to centralize and streamline data while simplifying the process of retrieving it and sharing it across departments, helping large institutions proactively respond to emerging technologies. In addition, Xignite Market Data Cloud offers a highly cost-effective solution for emerging startups that may otherwise lack the resources for costly market data. As a result, the platform is a key enabler of innovation and entrepreneurship in the growing FinTech field.
The FTF News Technology Innovation awards occur annually and serve to honor the professionals, financial technology vendors, service providers, industry bodies and regulators that have made significant achievements in operational excellence. Voting is open until March 25, 2015, and final winners will be announced on April 21, 2015.
Xignite, Inc. is the leading provider of market data cloud solutions. Xignite makes sourcing and integrating real-time and reference market data into apps and devices easy and more cost-effective than alternative data feeds. The Silicon Valley-based company is helping fuel fintech innovation by powering web sites and apps for more than 1000 financial services, media, software and corporate clients, including fintech innovators Wealthfront, Betterment, Personal Capital, Motif Investing, Robinhood, StockTwits, and Yodlee. The company’s platform also powers private data distribution solutions for exchanges, market data vendors and financial institutions, including NASDAQ OMX, SIX Financial Information and BMO. For more information, visit http://www.xignite.com or follow on Twitter @xignite.