NASDAQ OMX Welcomes Market Data Provider Xignite on FinQloud

Xignite a provider of financial market data solutions has joined the growing FinQloud data service offered by NASDAQ OMX. Through the Cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term-based system Xignite will offer efficient, cost-effective data store solutions to financial services firms.

FinQloud was launched in 2011 by NASDAQ OMX, and its powered listed e-commerce firm, Amazon (Web Services). Being a member of the FinQloud service, Xignite will benefit from specific solutions geared to support financial service participants.

Xignite will Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term FinQloud for all storage and elastic computing resources used by its Market Data Cloud platform, including its financial data APIs, and its Market Data Distribution and Enterprise Data Distribution solutions.

Stephane Dubois, Xignite CEO and Founder,spoke about his firm joining the FinQloud network in a comment to the press: "NASDAQ OMX uses the Xignite platform for their NASDAQ Data-on-Demand historical stock quote service, and we have large financial institutions who are using our Market Data Cloud platform to develop private financial data clouds, so the decision to partner with NASDAQ OMX FinQloud was an easy one.

We welcome NASDAQ and Amazon's initiative to make cloud computing an increasingly reliable and secure solution that even our largest bank, broker and fund manager customers can trust and rely upon."

FinQloud gives financial firms the ability to store large amounts of financial data, a crucial aspect of new regulatory reforms. Firms deploying the solution will not be required to build their own private cloud infrastructures, thus manage costs and resources more effectively.

"FinQloud provides Xignite and its clients with a highly scalable environment for storing, processing and serving large amounts of market data," said Julia Sears, Associate Vice President of FinQloud at NASDAQ OMX in the official press briefing.

"It is our mission to continue supporting Xignite as they provide customers the ability to leverage their market data distribution cloud services, further expanding the FinQloud ecosystem. Xignite's move to FinQloud represents a key step forward in transforming how the financial services industry stores and distributes market data from the cloud."

Xignite has been developing itself as a key provider of data in the market that has seen trading volumes increase 20%. The firm was established in 2005 and provides solutions for firms across the board with solutions from $600.