The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Xignite Boosts APIs to Streamline Data Delivery Amid Covid-19

Subscribe to our newsletter

California-based Xignite, a provider of market data distribution and management solutions for financial services and technology companies, this week scaled up the functionality of two of its financial data cloud APIs to offer greater speed and specificity.

Xignite customers integrate financial data via Cloud APIs to power FinTech apps, such as robo-advisors, trading platforms, stock charts and investment analysis software. Accessed via the cloud, the company serves more than 150 billion API requests each month.

The latest upgrade enhances XigniteGlobalNews, an API offering news headlines and summaries for articles related to the economy, business and financial sectors with coverage across 1,200 publications, allowing FinTech clients to embed functionality to allow users to query headlines by keyword, allowing them to stay up to date on COVID-19 news or any other topic of particular importance to their investment decisions. Xignite has also streamlined its XigniteEarningsCalender, which provides forward-looking earnings, dividend and events calendar data across 6,30 US -listed companies for trading and risk. With the enhancement, firms can now embed functionality to allow users to retrieve multiple earnings calendar items for multiple securities with a single query.

Xignite is also currently offering a one-month free trial of XigniteGlobalNews so that developers can test the new functionality.

Demand for API capabilities has increased significantly since the pandemic started due to the dramatic impact Covid-19 has had on corporate financials. Since February, skyrocketing market volumes and volatility, along with economic uncertainty, have significantly increased demand for fast and reliable financial and market data from which trading and investment decisions are made. Requests for historical real-time data have grown by 280% during the period, while requests for historical equity data have increased by 50%.  In April alone, Xignite saw over 365 billion API hits, or more than 12 billion a day, setting a record for the firm.

To learn more about Xignite’s shift to the cloud, read our interview with CEO Stephane Dubois.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: The evolution of market surveillance across sell-side and buy-side firms

Market surveillance is crucial, and in many cases a regulatory requirement, to ensuring orderly securities markets and sustaining confidence in trading. It can be breached and has become increasingly complex in the wake of the Covid pandemic, Brexit, and the emergence of new asset classes. This webinar will review the extent of market abuse in...

BLOG

Nasdaq Partners with AWS to Build Cloud-Enabled Capital Markets Infrastructure

US exchange operator Nasdaq plans to move its North American markets to the cloud, starting with its Nasdaq MRX options market, under a multi-year partnership with Amazon Web Services (AWS) with the intention of building what it calls the next generation of cloud-enabled infrastructure for financial markets. Nasdaq’s partnership with AWS follows last year’s launch...

EVENT

A-Team Innovation Summit London

The Innovation Summit will showcase the latest cutting edge and state of the art technology and data driven innovations taking place in capital markets and will explore progress in shifting to digital and agile operating models, to enable transformative change, faster speed to market and a competitive edge.

GUIDE

Trading Regulations Handbook 2021

In these unprecedented times, a carefully crafted trading infrastructure is crucial for capital markets participants. Yet, the impact of trading regulations on infrastructure can be difficult to manage. The Trading Regulations Handbook 2021 can help. It provides all the essentials you need to know about regulations impacting trading operations, data and technology. A-Team Group’s Trading...