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The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Xignite Teams Up With FactSet to Deliver Global View of Fundamental Data

Xignite is closing a gap in its fundamental data offering by adding a subset of FactSet’s Fundamentals database to its cloud-based market data platform. The company already provides fundamental data for the US and Canadian markets, and will use the FactSet data to extend coverage and provide a global view of all major markets, including over 75,000 publicly listed companies. The data supplied by FactSet will be available to Xignite customers before the end of this year.

The FactSet data includes historical financials, company fundamentals, earnings, revenue and dividend estimates, and earnings calendars. It will be uploaded to the Xignite market data distribution platform every day and accessed using the company’s application programming interfaces (API). Xignite is adding the data to the platform, which is powered by Amazon Web Services, in response to customer requests and says it may extend its arrangement with FactSet to include more global data, such as holdings information and insider data.

Stephane Dubois, CEO at Xignite, says: “FactSet provides Xignite with high quality, complete datasets that are of interest to our growing customer base of financial technology innovators and financial institutions. The Xignite market data cloud platform now includes more than 100 data sources and over 1,000 APIs, providing multiple and flexible ways to access reference data across all asset classes and ranging from real-time to historical tick data.”

With a large universe of data in place, Dubois says Xignite will continue to add market data to its platform in response to customer requirements, as well data from emerging country markets. The company is also ready to expand its use of Amazon Web Services. The Xignite platform is currently hosted at an Amazon data centre in Virginia, but to ensure the speed of data distribution further afield, a second instance of the platform is expected to be deployed at an Amazon data centre in either Ireland or Singapore.

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