Web services data provider Xignite has launched CloudStreaming, a web-based solution based on HTTP open standards that streams real-time market data to digital financial applications.CloudStreaming simplifies the process of pushing financial data updates, such as stock quotes and trades, to mobile and web-based financial technology applications, and pushes market data to an app as soon as the data becomes available, enabling developers to integrate streaming data in their end-applications much faster.
Xignite will offer 10 CloudStreaming web services, which will provide real-time and delayed quotes for stocks, indexes and options, as well as precious metals prices and foreign exchange rates.
"Building a market data streaming collection and distribution/fanout infrastructure for market data is no small task, especially if you intend to serve tens of thousands of users or more. This is an expensive exercise that can take months and cost hundreds of thousands of dollars, whether you write it from scratch or buy proprietary components and assemble it yourself. Our clients needed a better alternative and that is CloudStreaming," says Stephane Dubois, Xignite founder and chief executive, in a statement.
Source: Waters Technology