This new offering means that the world's leading banks, brokers and financial institutions that are reliant on CCL holiday reference data to manage settlement risk will be able to access it electronically and more efficiently integrate it with their applications.

Ronald Marr, President of CCL, explains how this new method of delivery has numerous advantages for CCL's clients: "Xignite has acknowledged expertise in on-demand services and delivering business-critical market information, counting some of the world's best-known and most respected companies as customers. By collaborating with Xignite, CCL's clients will be able to integrate critical business information into other systems seamlessly and instantly. This 'plug and play' data delivery method will make staff more productive, eliminating laborious manual entry processes, eradicating data entry and coding errors, driving down costs as well as reducing delivery time."

Stephane Dubois, President of Xignite comments: "CCL has an impeccable reputation for delivering holiday reference data of the highest quality. We are delighted that our web-services technology is being used to help broaden CCL's offering and provide their clients with access to their data in a way that will cut costs and improve operational efficiencies."

Xignite and CCL, both leaders in their field, are currently exploring a number of mutually beneficial initiatives that will be announced in the coming weeks.