OTC Markets Group Adds Xignite as Distributor of Real-Time Level 1 Market Data

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Oct 06, 2015, 07:00 ET

NEW YORK, Oct. 6, 2015 /PRNewswire/ -- 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.

About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected financial markets for 10,000 U.S. and global securities. Through our OTC Link® ATS, we directly link a diverse network of broker-dealers that provide liquidity and execution services for a wide spectrum of securities. We organize these securities into markets to inform investors of opportunities and risks: the OTCQX® Best Market; the OTCQB® Venture Market; and the OTC Pink® Open Market. Our data-driven platform enables investors to easily trade through the broker of their choice at the best possible price and empowers a broad range of companies to improve the quality and availability of information for their investors. To learn more about how we create better informed and more efficient financial markets, visit www.otcmarkets.com.

OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
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About Xignite
Named one of the ten coolest brands in banking, Xignite, Inc. provides cloud-based financial market data APIs to help emerging companies and established enterprises deliver real-time and reference market data to their digital assets, such as websites and apps. Xignite's clients include more than 1,000 financial services, media and software companies from disruptive fintech firms, such as Betterment, FutureAdvisor, Motif Investing, Personal Capital, Robinhood, StockTwits, Wealthfront and Yodlee, to leading financial institutions, exchanges and market data vendors including, NASDAQ OMX, SIX Financial Information and BMO. For more information, visit http://www.xignite.com or follow on Twitter @xignite.