QUODD has agreed to amass fellow market information firm Xignite.Mixed, the 2 firms will serve greater than 2,200 companies, starting from massive banks and wealth administration platforms to smaller digital funding instruments. Monetary phrases of the deal had been undisclosed.
Two market information companies are combining this week, as QUODD Monetary Data Providers acquires Xignite. Monetary phrases of the deal weren’t disclosed.
QUODD mentioned the acquisition reinforces its dedication to change into “the premier cloud-based world monetary market information and content material supplier.” Firm CEO Bob Ward added, “Xignite is well-known for being an early adopter of delivering high-quality market information options by way of the cloud in addition to for its in depth API-driven information catalog. I look ahead to working with Stephane Dubois, CEO of Xignite, and his group to assist us gasoline our subsequent chapter of development delivering essentially the most accessible and dependable information for our prospects.”
Mixed, Xignite and QUODD will serve greater than 2,200 firms, starting from massive banks and wealth administration platforms to smaller digital funding instruments. QUODD will leverage Xignite’s expertise to reinforce its QUODD Gas, which is able to combine Xignite’s content material catalog; and Universe+, which is able to leverage Xignite’s market information.
QUODD’s expertise permits shoppers to stream, embed, search for, and obtain pricing information for world equities, mounted earnings, indices, choices, futures, and end-of-day pricing for world mutual funds. The corporate is owned by NewSpring Holdings’ Financeware, a probability-analysis expertise and advertising and marketing methods supplier, which acquired QUODD in 2019 for an undisclosed quantity.
NewSpring Holdings has lofty ambitions for the Xignite purchase. “Our aim for the mixed group is to create the business’s main supplier in centralized market information augmented with superior customer support, anchored within the energy of long-standing relationships and supported by main applied sciences, which is why this transaction was an ideal match,” mentioned NewSpring Holdings Normal Associate Jim Ashton. “2022 was one other 12 months of sturdy natural development for QUODD and, mixed with Xignite, we’re persevering with to boost the bar in reworking the digital adoption of monetary information for market members.”
Based in 2000, Xignite presents market information APIs to its brokerage, wealth administration, and fintech shoppers. The corporate’s APIs provide a spread of market information– together with real-time inventory costs, historic inventory costs, choices costs, futures costs, mutual fund costs, ETF costs, overseas alternate charges, bond costs, and extra. Mixed, the corporate’s prospects use Xignite’s APIs greater than half a trillion occasions every month.
Photograph by Pixabay
