Xignite Provides Nasdaq Market Driven Cloud API for Fintech Startups

July 17, 2015 Xignite

Programmable Web Xignite Nasdaq Market Data APICloud-based data supplier Xignite is to provide fintech startups with low-cost API access to real-time market data quotes from Nasdaq.

The feed will pump real-time Best Bid and Offer (QBBO) and Last Sale information for all US Exchange listed stocks to third party apps and Websites.

Xignite's client roster includes more than 1000 financial services, media and software companies from disruptive fintech firms, such as Betterment, FutureAdvisor, Motif Investing, Personal Capital, Robinhood, StockTwits, Wealthfront and Yodlee. 

Stephane Dubois, CEO and Founder of Xignite says a lot of the feed and fee structures for equity market data in the US markets were designed in the 1990’s when 99% of real-time data was delivered to professionals via terminals.

“Times have changed," he says. "Real-time market data is now consumed by pros and individuals alike on billions of devices worldwide. Old models do not fit the needs of those users. Nasdaq has taken an innovative approach to making its data easier and more affordable to integrate and consume inside the next generation of fintech applications.”

He says the firm will co-host a fintech meetup with Nasdaq in late-August in New York, when more information about pricing structures and access arrangements will be forthcoming.

Source: Programmable Web

About the Author

Named one of the ten coolest brands in banking, Xignite, Inc. provides cloud-based financial market data APIs to help emerging companies and established enterprises deliver real-time and reference market data to their digital assets, such as websites and apps.

Follow on Twitter
Previous Article
29 APIs That Startups Should Consider Before Building Any Fintech Product
29 APIs That Startups Should Consider Before Building Any Fintech Product

APIs will become very important in Fintech. Most FinTech companies now float their products on cloud servic...

Next Article
Xignite Adds Nasdaq Basic to Data Cloud
Xignite Adds Nasdaq Basic to Data Cloud

Market data provider Xignite has integrated Nasdaq's Nasdaq Basic low-cost market data solution into its ma...