US-based fintech firm Xignite, which provides market data distribution and management solutions for financial services and technology companies, has enhanced its Bond Master Data API.
The firm offers several APIs that provide real-time, delayed, historical fixed income pricing and reference data for corporate and agency debt bonds. The Bond Master API enhancement increases the coverage from the United States to over 190 countries, adds additional bond types to support more than 2 million active bond issues, and increases the ease of use of the API with several new endpoints.
Unlike legacy fixed-income data solutions, Xignite’s Bond Master API is cloud-native and offers a robust selection of use-case-based endpoints. Developers can easily integrate these endpoints into their product or app, regardless of type, amount, or frequency of data, without the need for any complex integration logic. Unlike file-based data delivery solutions, the Bond Master API makes on-demand integration into downstream security master or compliance systems frictionless.
Further enhancements include the list endpoint for bond type, issuer type, and domicile enabling clients to ‘slice and dice’ the bond universe differently based on use-case.
The ScreenBonds endpoint enables clients to dynamically and easily screen the bond universe by combining criteria based on the coupon rate, maturity date, callability, and issue convertibility.
The ListBondDataPoints and GetBondDataPoints endpoints enable clients to more easily pick and choose the reference data points they need to integrate into their systems.
Vijay Choudhary, Vice President, Product Management, Market Data Solutions at Xignite, said in a statement: “Because much of the benefits of a reference data service derives from its breadth, depth and quality of coverage, these enhancements give you the added peace of mind that comes from knowing your holdings are validated against a complete universe.
“These enhancements eliminate the need to maintain an on-site bond security master, which ultimately saves our clients time and eliminates significant unnecessary expenses.”
