First Market Data Vendor to Join Financial Services Cloud Ecosystem
NEW YORK, Nov. 4, 2013 (GLOBE NEWSWIRE) -- Xignite, Inc. a leading provider of financial market data cloud solutions, announced today that they will use NASDAQ OMX FinQloud, a cloud computing platform designed exclusively for the financial services sector and powered by Amazon Web Services (AWS). Xignite will leverage FinQloud for all storage and elastic computing resources used by its Market Data Cloud platform, including its financial data APIs, and its Market Data Distribution and Enterprise Data Distribution solutions.
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"NASDAQ OMX uses the Xignite platform for their NASDAQ Data-on-Demand historical stock quote service, and we have large financial institutions who are using our Market Data Cloud platform to develop private financial data clouds, so the decision to partner with NASDAQ OMX FinQloud was an easy one," said Stephane Dubois, Xignite CEO and Founder. "We welcome NASDAQ and Amazon's initiative to make cloud computing an increasingly reliable and secure solution that even our largest bank, broker and fund manager customers can trust and rely upon."
"FinQloud provides Xignite and its clients with a highly scalable environment for storing, processing and serving large amounts of market data," said Julia Sears, Associate Vice President of FinQloud at NASDAQ OMX. "It is our mission to continue supporting Xignite as they provide customers the ability to leverage their market data distribution cloud services, further expanding the FinQloud ecosystem. Xignite's move to FinQloud represents a key step forward in transforming how the financial services industry stores and distributes market data from the cloud."
Xignite, Inc. is the leading provider of Market Data Cloud solutions. Xignite offers more than 40 financial APIs providing real-time, historical, and reference data across all asset classes and fulfills more than 6 billion requests per month. Xignite CloudAPIs power mobile financial applications, websites, and front-, middle- and back-office functions for more than 1000 clients worldwide, including Computershare, Investopedia, Personal Capital, Charles Schwab, Seeking Alpha, Stocktwits, Starbucks, and NetSuite. The company also powers private-label, on-demand data distribution solutions for exchanges and data vendors, including NASDAQ OMX. For more information, visit http://www.xignite.com.
NASDAQ OMX FinQloud, powered by Amazon Web Services, is a cloud computing platform designed exclusively for the financial services sector. FinQloud offers a suite of storage and compute services, including R3 which combines AWS cloud computing expertise with enhanced security from NASDAQ OMX to provide cost-effective and efficient management, storage and processing of financial data. FinQloud helps firms significantly reduce the operational costs and complexities associated with data and infrastructure management – enabling more effective deployment of scarce resources.
A product of NASDAQ OMX's unique financial technology domain expertise and Amazon's flexible and cost-effective cloud infrastructure, R3 enables financial market participants to benefit from the economic and performance advantages of cloud computing, in a manner designed to comply with regulatory and security requirements. Flexible, reliable and highly scalable, FinQloud is fully-managed and designed to immediately help firms reduce their technology burden, and refocus resources on revenue driving activities, even as data volumes and regulatory initiatives continually rise. To learn more visit www.nasdaqomx.com/FinQloud or contact FinQloud@nasdaqomx.com
About NASDAQ OMX:
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 26 markets, 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-40 microsecond speeds with 99.99% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world's securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to approximately 3,400 listed companies worth $6 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn more, visit nasdaqomx.com. Follow us on Facebook (http://www.facebook.com/NASDAQ) and Twitter (http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about FinQloud and NASDAQ OMX's other products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX's control. These factors include, but are not limited to factors detailed in NASDAQ OMX's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
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CONTACT: Xignite Media Contact:
+1 (650) 242-4466 (office)
+1 (408) 472-6433 (mobile)
NASDAQ OMX Media Contact:
+1 (646) 441-5045 (office)
+1 (347) 740-0191 (mobile)