Xignite, a company involved in the market data industry with its’ API and data management solutions for FinTech and financial services firms, has announced that the company has entered into a strategic partnership with SIX.
Under the partnership, Xignite and SIX will offer real-time data from the catalog of SIX which includes more than 1,800 global exchanges and trading venues via Xignite Enterprise Microservices, a suite of cloud-native market data management services designed to transform how firms store, distribute, manage and control the market and financial data in the cloud. The partnership is expected to accelerate the transition of large financial institutions and FinTechs to the cloud.
“Large financial institutions have been looking for cloud-native market data solutions capable of handling their broad coverage requirements and offering a state-of-the-art customer experience. The pandemic has worsened the situation as firms want to get away from maintaining complex and expensive on-premise infrastructures that are overkill for most of their needs. We had the enterprise technology but not the coverage, so partnering with SIX made sense. We are thrilled to partner with SIX and be first to market with a true global enterprise solution,” said Stephane Dubois, CEO and founder of Xignite.
Xignite Cloud APIs integrate and deliver financial data to consuming applications. Its cloud-native solution currently serves more than 12 billion API calls per day to 750 global clients. SIX is among the few market data vendors offering full coverage of the global capital markets. The Market Data Feed (MDF) from SIX provides a steady stream of global market information that is consolidated, standardized in real-time. The combined solution integrates the MDF feed from SIX delivered from hosted collocation to Xignite Enterprise Microservices deployed in the client’s cloud account.
“Partnering with Xignite is a great leap for SIX in making its market data easily available to all buy-side and sell-side professionals. While making the richness, depth and wide coverage of our Market Data Feed available via Xignite’s cloud-based solution, we offer clients streamlined access to the highest quality data without a complicated acquisition process, burdensome integration or costly development,” said John McManus, Head Sales, Financial Information, SIX.
Founded in 2006, Xignite provides cloud-based market data solutions that enable financial services companies to integrate and distribute access to real-time market and reference data.
