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QUODD has agreed to amass fellow market knowledge firm Xignite.Mixed, the 2 firms will serve greater than 2,200 companies, starting from giant banks and wealth administration platforms to smaller digital funding instruments. Monetary phrases of the deal have been undisclosed.
Two market knowledge companies are combining this week, as QUODD Monetary Data Providers acquires Xignite. Monetary phrases of the deal weren’t disclosed.
QUODD stated the acquisition reinforces its dedication to change into “the premier cloud-based international monetary market knowledge and content material supplier.” Firm CEO Bob Ward added, “Xignite is well-known for being an early adopter of delivering high-quality market knowledge options through the cloud in addition to for its intensive API-driven knowledge catalog. I sit up for working with Stephane Dubois, CEO of Xignite, and his workforce to assist us gas our subsequent chapter of progress delivering essentially the most accessible and dependable knowledge for our clients.”
Mixed, Xignite and QUODD will serve greater than 2,200 firms, starting from giant banks and wealth administration platforms to smaller digital funding instruments. QUODD will leverage Xignite’s expertise to reinforce its QUODD Gasoline, which is able to combine Xignite’s content material catalog; and Universe+, which is able to leverage Xignite’s market knowledge.
QUODD’s expertise permits shoppers to stream, embed, lookup, and obtain pricing knowledge for international equities, fastened revenue, indices, choices, futures, and end-of-day pricing for international 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 knowledge 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,” stated NewSpring Holdings Common Accomplice Jim Ashton. “2022 was one other 12 months of sturdy natural progress for QUODD and, mixed with Xignite, we’re persevering with to lift the bar in reworking the digital adoption of economic knowledge for market individuals.”
Based in 2000, Xignite gives market knowledge APIs to its brokerage, wealth administration, and fintech shoppers. The corporate’s APIs provide a variety of market knowledge– 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 clients use Xignite’s APIs greater than half a trillion occasions every month.
Picture by Pixabay
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