High Frequency Trading Firms to Back Test with On-Demand Stock Trades and Quotes
San Mateo, CA - April 26, 2011 - Xignite Inc, the leading cloud services provider of on-demand data distribution technologies, today announced that NASDAQ OMX and Xignite have launched Mass Download, a major expansion to NASDAQ Data-On-Demand, NASDAQ''s cloud service for historical stock trade and quote data powered by Xignite''s technology platform. NASDAQ is currently offering Mass Download free of charge to Premier subscribers of NASDAQ Data-On-Demand. The first cloud service to address the need for a "big data" solution for on-demand financial market data, Mass Download delivers highly customized data sets from the terabytes of stock trade and quote data generated every year by major U.S. stock exchanges like NASDAQ. With Mass Download, customers can now download large files including up to three years of historical stock trade and quote data. Customers customize their data sets by selecting only the ticker symbols, data fields, dates and times needed. "With all the talk these days about ''big data'' solutions, NASDAQ is doing more than just talking. They''re leading the way," according to Stephane Dubois, CEO of Xignite. "And in the true spirit of ''big data'2012-09-21 20:41:35', they''re making it easy to access the smaller, truly valuable subsets of enormous data sets." Stephane went on to explain, "One great example is analytics. Instead of downloading billions of trades into your own database just to calculate analytics like Volume Weighted Average Price (VWAP) or backtesting your strategies, you can now ask Data-On-Demand to give you only the data you need or even do the calculations for you. You no longer need to store data you will never use. Just go to the cloud when you need it." "The Market Data Cloud is all about easy, fully automated Internet access to exactly the data you need without having to manage all the data you don''t need," explained Brian Hyndman, Senior Vice President of NASDAQ OMX Global Data Products. "The ability to get customized data sets automatically is more than just a convenience. It''s a competitive advantage for high frequency trading firms, quant shops, algorithmic traders or anyone who needs to back test trading strategies." Unlike legacy services providing custom trades and quotes, NASDAQ Data-On-Demand''s Mass Download service is completely automated, incurring no delays due to manual handling. NASDAQ customers can use Mass Download''s convenient web interface to select the custom data sets they want and then schedule those data sets to be generated when they want. Data can even be directly delivered to an application running on the cloud. Customers can also take automation a step further by requesting data sets directly from their own software applications using the solution''s API. For more information about NASDAQ Data-On-Demand and Mass Download, visit http://www.nasdaqdod.com/MassDownload.aspx. About Xignite Xignite is the leading cloud services provider of on-demand financial market data and on-demand data distribution solutions. Xignite''s Market Data Cloud fulfills more than 5 billion web service requests per month and offers more than 50 financial Web Services providing real-time, historical and reference data across all asset classes. Xignite solutions power mission-critical applications for front, back and mid-office, e-commerce, mobile, iPad, and web apps for more than 900 clients in 46 countries, including Citi, GE, Wells Fargo, ING, BNY, Mellon, Natixis, Dow Jones, Forbes.com, SeekingAlpha, ExxonMobil, Starbucks, and Barrick Gold. The XigniteOnDemand cloud platform also powers on-demand market data distribution solutions for stock exchanges, OTC brokers and data vendors including the CME Group, NASDAQ OMX, BgCantor and Pearson. For more informatino, please visit www.xignite.com or call 1-866-XML-SOAP. About NASDAQ OMX The NASDAQ OMX Group, Inc. is the world''s largest exchange company. It delivers trading, exchange technology and public company services across six continents, with approximately 3,600 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-tradded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit http://www.nasdaqomx.com. Please follow NASDAQ OMX on Facebook (http://www.facebook.com/nasdaqomx) and Twitter (http://www.twitter.com/nasdaqomx).
Media Contacts: Landon Long Xignite Inc. llong [at] xignite.com +1.650.655.3700 Wayne Lee NASDAQ OMX Wayne.D.Lee@NASDAQOMX.com +1.301.978.4875