Source: OTC Markets Group
OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced it has added Xignite, a leading provider of market data cloud solutions to the financial industry, as a distributor of OTC Markets’ real-time Level 1 market data.
Xignite has distributed OTC Markets’ delayed Level 1 data since March 2014.
“We are pleased to expand our relationship with Xignite which will provide Xignite clients access to accurate, real-time best bid and offer price and size data and security information for 10,000 U.S. and global securities via very easy-to-use APIs,” said Matthew Fuchs, Executive Vice President of Market Data and Strategy at OTC Markets Group. “OTC Markets’ Real-Time Level 1+ Quotes provides investors the basic information they need to ensure they are getting the best price for their trades.”
“It is exciting for us to add OTC Market Group to the global markets for which we provide real-time data via our very popular suite of cloud-based APIs,” says Stephane Dubois, CEO and Founder of Xignite. “The securities traded on OTC Markets are becoming increasingly critical to our client base of financial institutions and financial technology (fintech) companies using our services.”
OTC Markets Group is the leading provider of market data, company data and security information on OTCQX®, OTCQB® and OTC Pink® securities to the trading, investment, legal and regulatory communities. The Company’s network-based model enables it to provide more comprehensive data and data products to its subscribers, including real-time data, end-of-day data, historical quote data, company financial data, security master data, corporate reference data and compliance data. OTC Markets Group also provides data through leading market data redistributors.