Xignite, Inc., the leading provider of market data cloud services, has entered a market data distribution relationship with global index provider FTSE Group. FTSE data will now be available on Xignite Global Indices, Xignite's new CloudAPI that provides index and benchmark data.
In addition to FTSE, the Xignite web service also includes data from Dow Jones, S&P, NASDAQ, NIKKEI and other index families. Targeted to web sites, mobile applications, and front-office applications, the Xignite Global Indices CloudAPI provides benchmark data that is essential to the development of next-generation investment and advice platforms.
Xignite is one of only a handful of vendors licensed to distribute FTSE delayed indices data and the only partner solely focused on distribution via the cloud. By delivering the data through easy-to-use APIs, Xignite enables companies to embed market data into websites, mobile apps and other applications in minutes, not months which can dramatically reduce market data infrastructure spend.
"We are excited to partner with Xignite to develop a new distribution channel for our index and benchmark data," said John White, Managing Director of Content Services for FTSE. "Customers are increasingly demanding the availability of a wide and varied range of channels to consume market data, and FTSE remains committed to delivering innovative, best-in-class distribution technologies that meets our clients' ever evolving needs."
"We have seen increased demand from our Xignite CloudAPI customers for comprehensive global benchmark data to be available via our Market Data Cloud platform," said Stephane Dubois, Xignite CEO and Founder. "Given FTSE's global focus and presence, partnering to distribute their index data was a logical decision, and we look forward to working together to expand Xignite's reach."