Xignite: Knowledge is Power
By
Rachel Schramm
-
21/02/2012 07:00:00
Information is one of the most powerful tools and most sought-after commodities in today's economy. The more businesses know, the better they can plan, and the more successful the company can be. Xignite, a leading financial market data cloud provider, can give companies access to the kind of information they need to prevail in a highly competitive business environment.
Cloud Computing Technology
As a company, Xignite offers more than 50 APIs (Application Programming Interface) to their cloud computing technology, and they complete more than five billion service requests a month for instantaneous data covering everything from global equities to mutual funds. This information helps companies power applications for mobile financial services, financial websites, investor relations, e-commerce, corporate ERP(Enterprise Resource Planning) and BI (Business Intelligence).[1]
International Success
Their information must be working, because Xignite has more than 900 customers in 47 countries. Some of their more well-known clients include Citi, GE, Wells Fargo, ING, Forbes.com, ExxonMobil and Starbucks Coffee.[1] Xignite has also begun providing an on-demand option, an online venue for stock exchanges, trading, and market data origination.[1] Even if a business decides against using the on-demand option, Xignite offers a series of financial services that can get businesses the information they need to be more efficient.
Xignite's Financial Services
1. Websites and Portals: Xignite offers broker portals, advisor portals, and investor websites that get their users up-to-date information on important investment factors like stocks, fixed income, and currency.[2]
2. Trading: Users can enhance their trading tactics by providing instantaneous feedback to their traders, while verifying the compliance of their trades and accounts.[2]
3. Lending: Xignite offers index rate information to mortgage lenders and interest rates to commercial lenders. They get real estate lenders access to treasury information to make sure their clients receive the best financing rates.[2]
4. Analysis and Modeling: This application provides Xignite clients with "...enriched information for in-house analysis..."[2] and automates the models they use for in-house quantitative analysis.[2]
Xignite’s impressive cloud-based services prove that they are poised to ride the wave of technological changes on Wall Street as more firms turn to cloud computing. "The big applications that Wall Street used during the 1990s are about to be replaced by little apps" says Stephane Dubois, chief executive and founder of Xignite.[3] The shift to trading from laptop computers and smartphones means that trades can occur anywhere, anytime, and that there is an abundance of data for market participants to comb through -- which Xignite can do.[3] Their services and insight have already begun to solidify Xignite's position as a leader in a rapidly expanding financial market.
References
[1] "About Xignite." Xignite. 2011: n. page. Web. 3 Oct. 2011. <http://www.xignite.com/About/Default.asp&xgt;.
[2] "Financial Services." Xignite. 2011: n. page. Web. 3 Oct. 2011. <http://www.xignite.com/Solutions/FinancialServices.asp&xgt;.
[3] Stafford, Phillips. "Xignite Secures Funding for Expansion." Xignite. 2011: n. page. Web. 3 Oct. 2011. < http://www.ft.com/cms/s/0/93598808-ddf4-11e0-a391-00144feabdc0.html