Xignite APIs
Xignite is a cloud-based provider of financial market data APIs, serving over 700 financial services and fintech customers including BlackRock, Robinhood, SoFi, Investopedia, and Betterment.
Publisher review
Xignite is a cloud-based provider of financial market data APIs, serving over 700 financial services and fintech customers including BlackRock, Robinhood, SoFi, Investopedia, and Betterment. It offers two distinct service offerings: Data-as-a-Service (DaaS), which gives customers access to Xignite's curated real-time and reference datasets, and Market Data Management-as-a-Service (MDMaaS), which allows financial firms to integrate their own consolidated real-time feeds and proprietary datasets. The platform is designed for developers, traders, and fintech companies that need scalable, low-latency market data for applications such as trading dashboards, backtesting engines, AI assistants, and portfolio management tools. Xignite runs entirely on Amazon Web Services (AWS), leveraging cloud infrastructure to deliver high performance and reliability.
The platform aggregates data from more than 250 different sources, handling over 12 billion API calls per day. It provides real-time and reference market data, including equities, ETFs, indices, forex, options, and fundamentals. Xignite also offers a Global News API covering over 1,200 financial, business, and technology journals and news sites, with headlines and summaries tagged by sector, topic, company name, and symbol. To address scalability challenges with legacy SQL Server and MySQL, Xignite migrated to YugabyteDB, a distributed SQL database, achieving 21 nodes in a single-region, multi-zone deployment on AWS, with 240 total cores and over 11 TB of data across four fully managed clusters. This migration enabled scan-resistant LRU caching, flexible upgrades without downtime, and support for multiple workloads including real-time and reference data.
Xignite competes with a range of market data API providers such as Alpha Vantage, Yahoo Finance API, RapidAPI, MarketXLS, Quodd, and Intrinio. While these competitors offer varying levels of coverage, pricing, and data quality, Xignite differentiates itself through its enterprise-grade scalability, cloud-native architecture, and dual DaaS/MDMaaS offerings. Its focus on high-volume, low-latency data delivery makes it particularly suited for large fintech platforms and financial institutions that require consistent performance under heavy loads. However, smaller developers or startups may find the case-based pricing less accessible compared to simpler, pay-as-you-go APIs like Alpha Vantage or Yahoo Finance.
Key trade-offs include the lack of transparent, self-service pricing tiers, which may deter smaller teams or individual developers. The platform's complexity and enterprise orientation mean that integration and onboarding may require more upfront effort compared to simpler APIs. Additionally, Xignite's reliance on a third-party database (YugabyteDB) introduces a dependency that could affect long-term maintenance. While no explicit weaknesses are documented in the provided sources, potential users should evaluate whether the platform's extensive feature set justifies the cost and learning curve, especially for projects with limited data needs or budgets.
How it works
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Real-time financial data
Provides live market data including equities, indices, forex, and options via cloud-based APIs.
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250+ data sources
Aggregates data from over 250 different sources, ensuring broad coverage across global markets.
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12 billion API calls/day
Handles more than 12 billion API calls daily, demonstrating high scalability and throughput.
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700+ financial customers
Serves over 700 financial services and fintech clients, including major firms like BlackRock and Robinhood.
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Cloud-based on AWS
Entire platform runs on Amazon Web Services, leveraging cloud scalability and reliability.
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DaaS and MDMaaS offerings
Offers Data-as-a-Service for curated datasets and Market Data Management-as-a-Service for proprietary feeds.
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YugabyteDB migration
Migrated from SQL Server to YugabyteDB, achieving 50% cost savings and 11+ TB data storage.
Strengths and trade-offs
Strengths
- Leader in market data cloud solutions, providing real-time data to over 700 financial services and fintech customers.
- High scalability and performance, handling over 12 billion API calls per day with low latency.
- Cost savings of approximately 50% compared to SQL Server after migrating to YugabyteDB.
- Flexible upgrades without downtime, enabled by YugabyteDB's distributed architecture.
Trade-offs
- No transparent, self-service pricing tiers are publicly listed, making it difficult for small teams to estimate costs.
- Enterprise focus may require significant integration effort and onboarding time compared to simpler APIs.
- Dependency on YugabyteDB as a third-party database introduces potential long-term maintenance and vendor lock-in risks.
- Limited documentation on rate limits and API response structures may slow down development for new users.
Pricing context
Case-based pricing with unlimited usage included; no public tier or per-request pricing is disclosed.
Getting started with Xignite APIs
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Sign up for Xignite
Visit the Xignite website and complete the registration form to create an account. Provide your company details and intended use case. A sales representative will contact you to discuss your data needs and finalize access.
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Connect to API endpoints
After receiving your API credentials from Xignite, configure your application to connect to the provided RESTful endpoints. Use HTTPS requests with your API key in the header to authenticate and access real-time or reference data.
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Configure data subscriptions
Work with your Xignite account manager to select the specific datasets you need, such as equities, forex, or news. Define the data fields and update frequencies required for your application, and activate the corresponding API subscriptions.
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Fetch real-time market data
Send a GET request to the appropriate Xignite API endpoint, such as for stock quotes or indices, including your API key and any required parameters like symbol or date range. Parse the JSON response to extract the live data for your dashboard or analysis.
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Schedule regular data updates
Implement a cron job or scheduler in your application to call the Xignite APIs at your desired intervals, such as every minute for real-time feeds or daily for reference data. Store the responses in your database to maintain a historical record.
Frequently Asked Questions
What is Xignite and what does it offer?
Xignite is a cloud-based provider of financial market data APIs, serving over 700 customers like BlackRock and Robinhood. It offers Data-as-a-Service for curated datasets and Market Data Management-as-a-Service for integrating proprietary feeds, all running on AWS.
How does Xignite's pricing work for small businesses?
Xignite uses case-based pricing with unlimited usage, but no public tiers or per-request costs are disclosed. This lack of transparency can make it difficult for small teams or startups to estimate expenses, unlike simpler pay-as-you-go APIs.
What are the key features of Xignite APIs?
Xignite provides real-time financial data from over 250 sources, handling 12 billion API calls daily. It offers equities, indices, forex, options, and a Global News API. The platform is cloud-native on AWS, ensuring low latency and high scalability for fintech applications.
How does Xignite compare to competitors like Alpha Vantage?
Xignite differentiates with enterprise-grade scalability and dual DaaS/MDMaaS offerings, suitable for large fintech platforms. In contrast, Alpha Vantage offers simpler pay-as-you-go pricing, making it more accessible for smaller developers or startups with limited budgets.
What are the benefits of Xignite's migration to YugabyteDB?
Xignite migrated from SQL Server to YugabyteDB, achieving 50% cost savings and handling over 11 TB of data. This distributed SQL database enables scan-resistant caching, flexible upgrades without downtime, and supports multiple workloads like real-time and reference data.
Is Xignite suitable for individual developers or small projects?
Xignite's enterprise focus and case-based pricing may require significant integration effort, making it less ideal for individual developers. Simpler APIs like Yahoo Finance or Alpha Vantage offer transparent pricing and easier onboarding for small projects with limited data needs.
Alternatives
How Xignite APIs compares
Direct head-to-head against 2 competitors. Picked by 7wData.
Xignite APIs
- Pricing
- Case-based pricing with unlimited usage included; no public tier or per-request pricing is disclosed.
- Target
- Xignite is a cloud-based provider of financial market data APIs, serving over 700 financial services and fintech customers including BlackRock, Robinhood, SoFi, Investopedia, and Betterment.
- Strength
- Leader in market data cloud solutions, providing real-time data to over 700 financial services and fintech customers.
- Watch for
- No transparent, self-service pricing tiers are publicly listed, making it difficult for small teams to estimate costs.
Metals-API
- Pricing
- $19/month for basic plan
- Target
- Real-time metals price data
- Deployment
- Cloud
- Strength
- Affordable pricing and real-time updates
- Watch for
- Limited to metals data
Alpha Vantage
- Pricing
- Free tier, premium plans start at $49/month
- Target
- Financial and commodity data
- Deployment
- Cloud
- Strength
- Broad financial data coverage
- Watch for
- Free tier has limited API calls
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Sources
Reporting on this tool draws on these publicly available sources.