Xignite, Telekurs Forge Corporate Actions Data Distribution Deal

Xignite, provider of financial web services for mission-critical corporate applications, has formed a partnership with Telekurs Financial to provide reciprocal services integrating Xignite’s financial web services with Telekurs Valordata Feed (VDF). The partnership with Xignite will enhance the accuracy of its existing XigniteMaster and web service by using Telekurs VDF’s master data and corporate actions data as a validation and complementary data source. In return, Telekurs will be able to take direct advantage of streamlined XML/SOAP delivery and integration using XigniteGlobalMaster, an extended global version of Xignite’s web service.

Barry Raskin, president of Telekurs (USA), says: “With the further deployment of SOA inside financial institutions, some are demanding the option to receive Telekurs data in XML format, and we believe that Xignite’s intelligent use of SOAP as a transport layer will be a revolution for our customers. Xignite will help create new opportunities to integrate our data directly into service-oriented financial applications. And their technology will help us address some of the present requirements of our own clients.”