Xignite and SIX partner over real-time market data catalogue feed
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Xignite and SIX partner over real-time market data catalogue feed 24 July 2020California Reporter: Rebecca Delaney
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Xignite has partnered with SIX to provide a real-time data catalogue that includes over 1,800 global exchanges and trading venues through the Xignite Enterprise Microservices.
The microservices, launched earlier this month, are a suite of market data management services that help large financial institutions and fintechs migrate their data to the cloud.
As a provider of market data distribution and management solutions, Xignite’s cloud solution currently serves over 12 billion application programming interface (API) calls per day, making it the largest cloud API platform in capital markets.
SIX offers a market data feed (MDF) of consolidated, standardised global capital markets information in real time across all asset classes from thousands of exchanges, over-the-counter markets, and other trading platforms.
In the partnership, the combined solution of the MDF feed and Enterprise Microservices will deploy collocation facilities to clients’ own cloud accounts.
Stephane Dubois, founder and CEO of Xignite, explained: “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 ongoing COVID-19 pandemic has worsened the situation as firms want to get away from maintaining complex and expensive on-premise infrastructures. We had the enterprise technology but not the coverage, so partnering with SIX made sense.”
John McManus, head of sales, financial information, SIX, added: “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 MDF 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.”
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Image: Yurchanka Siarhei/Shutterstock 