- QUODD has agreed to accumulate fellow market knowledge firm Xignite.
- Mixed, the 2 firms will serve greater than 2,200 corporations, starting from massive banks and wealth administration platforms to smaller digital funding instruments.
- Monetary phrases of the deal have been undisclosed.
Two market knowledge corporations are combining this week, as QUODD Monetary Info Providers acquires Xignite. Monetary phrases of the deal weren’t disclosed.
QUODD mentioned the acquisition reinforces its dedication to develop 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 by way of 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 staff to assist us gas our subsequent chapter of progress delivering probably the most accessible and dependable knowledge for our clients.”
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 boost its QUODD Gas, which can combine Xignite’s content material catalog; and Universe+, which can leverage Xignite’s market knowledge.
QUODD’s expertise permits purchasers to stream, embed, search for, and obtain pricing knowledge for international equities, mounted earnings, 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 objective for the mixed group is to create the business’s main supplier in centralized market knowledge augmented with superior customer support, anchored within the power of long-standing relationships and supported by main applied sciences, which is why this transaction was an ideal match,” mentioned NewSpring Holdings Common Associate Jim Ashton. “2022 was one other 12 months of robust natural progress for QUODD and, mixed with Xignite, we’re persevering with to boost the bar in reworking the digital adoption of economic knowledge for market individuals.”
Based in 2000, Xignite affords market knowledge APIs to its brokerage, wealth administration, and fintech purchasers. The corporate’s APIs supply a variety of market knowledge– together with real-time inventory costs, historic inventory costs, choices costs, futures costs, mutual fund costs, ETF costs, overseas trade charges, bond costs, and extra. Mixed, the corporate’s clients use Xignite’s APIs greater than half a trillion instances every month.
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