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Seeking Alpha taps Xignite for market data

24 August 2009  |  1785 views  |  0 Source: Xignite

Xignite, the leading cloud services provider of on-demand financial market data and application components announced today that Seeking Alpha, the premier financial Web site for actionable stock market opinion and analysis, has selected Xignite to deliver real-time market data to the site's millions of visitors.

By leveraging Xignite's financial Web services, Seeking Alpha was able to upgrade from delayed stock quotes to real-time quotes quickly and cost-effectively, bringing the new application to market in a matter of days.

As a leading publisher serving the nation's most savvy and inquisitive investors, Seeking Alpha is driven to provide readers with the most comprehensive and up-to-the-minute financial information on the Web. Seeking Alpha selected Xignite as a market data partner because Xignite's Web services delivery model and cost-effective pricing enabled Seeking Alpha to integrate real-time quotes into its Web site without any additional investment in hardware, software, vendor tools or custom coding.

To further simplify development and speed time to market, Seeking Alpha leveraged Splice, Xignite's on-demand mashup platform. By using Splice to mash up the four core Web services Xignite is providing, Seeking Alpha is able to access all of the data using a single call to the combined Splice Web service.

Xignite is the only company that provides professional-grade market data as cloud services, with an extensive catalog of more than 50 categories of financial information delivered on-demand as industry standard Web services with simple, pay-as-you-go subscription pricing.

"To meet our reader's demand for timely financial information, we needed a solution that was simple, cost-effective and professional grade," said David Jackson, CEO of Seeking Alpha. "By partnering with Xignite, our development team was able to launch our real-time quotes application in a matter of days. The response has been so positive that we are using Xignite's services to power a number of new features to the site."

"Seeking Alpha is a pioneer in online financial content and a leader in improving the accessibility of financial information," said Stephane Dubois, CEO, Xignite. "Xignite is proud to work with customers such as Seeking Alpha who leverage the Internet to empower investors through increased market transparency and easier access to high quality market data."

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