Xignite Adds Morningstar Global Funds Data to Its Market Data Cloud Platform

LONDON, Feb. 8, 2017 /PRNewswire/ -- Xignite, the leading provider of market data cloud solutions for financial institutions and financial technology companies today announced it has expanded its relationship with independent investment research provider Morningstar, Inc. Xignite will add Morningstar global funds data into its Market Data Cloud platform and offer a new API, XigniteGlobalFundsFundamentals, which the company will introduce on stage today at Finovate Europe.

With the addition of the high-quality funds data from Morningstar, Xignite clients will have on-demand access to an even wider selection of global data points, including credit quality, risk statistics, strategy, top holdings, asset allocations, sector weightings on more than 290,000 funds from 74 countries, including ETFs, closed end funds, mutual funds, open ended funds, variable annuities, separate account/collective investment trusts and hedge funds. Previously Xignite only provided U.S. funds data from Morningstar.

"Working with cloud market data provider Xignite allows us to make Morningstar data more accessible to companies developing innovative solutions that require global funds data," said Scott Burns, head of asset management solutions for Morningstar. "Xignite clients can now seamlessly access Morningstar's global fund data through Xignite's cloud-based API."

Xignite offers a suite of 45 financial data Application Programming Interfaces (APIs). The API format helps companies that are developing financial technology solutions easily integrate data into mobile apps, web portals and back office systems. Xignite's APIs suite features a range of market data, including real-time, historical and fundamental data from global markets across equities, funds, derivatives, fixed income and other asset classes. Xignite handles more than 250 billion API calls each month.

"ETFs have enabled the global mega-trend of robo-advice, and passive investing is poised to overtake active management globally," said Stephane Dubois, Xignite CEO and Founder. "We are seeing a growing demand from our client base of fintech and financial services companies for a larger and deeper global data set covering their local markets.  The expansion of our relationship with Morningstar is part of Xignite's ongoing commitment to integrate global, best of breed data sets on our zero-footprint Market Data Cloud so our clients can continue to build innovative financial technology solutions."

Global funds data is essential to Xignite clients, such as Betterment, Personal Capital and Wealthfront, who provide analytics and advice solutions, firms such as, Motif Investing and 8Securities who provide online trading apps, media clients such as U.S. News and World Report and Investopedia who display fund information to their website users and social news clients such as StockTwits and TipRanks.

"Easy access to fund data has been instrumental to the success of TipRanks Smart Portfolio which harnesses the wisdom of the crowd to help users optimize their portfolios," said Gilad Gat, CTO and co-founder of TipRanks. "We are excited by the opportunity to now access global data and cover additional markets via the same easy-to-integrate Xignite APIs."

About Xignite

Named one of the ten coolest brands in banking, Xignite, Inc. empowers innovation across financial services. Xignite provides cloud-based real-time and reference market data to financial services and fintech companies for easy integration with websites, apps, and software. The Xignite Market Data Cloud platform, hosted by AWS, allows companies to simplify infrastructure, scale quickly, and innovate faster. Xignite's clients include more than 1,000 financial services, media and software companies including BMO, BlackRock, Charles Schwab,and TIAA, as well as leading fintech disruptors such as Betterment, FutureAdvisor,  Motif Investing, Personal Capital, Robinhood, SoFi, Stocktwits, Wealthfront and Envestnet/Yodlee. Visit http://www.xignite.com or follow on Twitter @xignite.

Media Contact
Xignite
Kerry Langstaff
+1 408 472-6433
[email protected]

SOURCE Xignite

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