Xignite, the leading provider of cloud-based financial market data, today announced a partnership with industry-leading data provider FactSet to integrate FactSet's global fundamental data (including company financials and estimates) into the Xignite Market Data Cloud platform.
Through this partnership, Xignite will now offer a comprehensive global view that is unique within the financial market data cloud industry.
This agreement with FactSet will build on Xignite's existing catalog of market data APIs to provide clients with an even wider selection of data points, including historical financials, company fundamentals, earnings, revenue and dividend estimates, as well as earnings calendars. With the addition of the high-quality and timely data from the FactSet Fundamentals database, Xignite clients will benefit from complete global coverage encompassing all major markets and covering more than 75,000 publicly listed companies.
These next-generation APIs will fulfill the growing demand for a larger and deeper global data set from the new crop of financial technology innovators using Xignite solutions.
According to Xignite CEO, Stephane Dubois, the partnership with FactSet is part of Xignite's ongoing commitment to make the cloud the platform of choice for the next generation of financial applications.
"Our list of customers is growing every day and includes both the top worldwide FinTech innovators and large financial institutions, which are also trying to keep pace with industry innovation. While we already have a very large suite of market and reference data available via our Amazon Web Services-powered platform, we wanted to further enhance our offering with high quality global data from a trusted provider," said Dubois. "We are extremely pleased to be the first vendor to bring the reputable FactSet Fundamentals database to the world of cloud APIs. Our clients will benefit significantly with access to the most comprehensive range of cloud data sets available."
"Our partnership with Xignite will make FactSet financial data more readily accessible and allow for greater adoption by the market," said John Wiseman, SVP of Alliances for FactSet. "As a pioneer in the use of cloud technology for market data distribution, Xignite is a natural partner in helping us tap this opportunity."
The fundamental data supplied by FactSet will be available to Xignite clients in Q4 2014. Clients will also have the opportunity to test the data in advance of the full release through a beta user program.