Quodd, a Jersey City, NJ-based comprehensive market data-on-demand provider for financial services, acquired Xignite, a San Mateo, CA-based provider of financial market data APIs.
The amount of the deal was not disclosed.
The acquisition adds more than 500 market data APIs, covering millions of instruments across all asset classes, and elevates QUODD’s position as the premier technology firm powering global market data to the financial services ecosystem. The combined business will leverage its proprietary technology solutions to serve a blue-chip client roster of more than 2,200 companies, ranging from the largest banks and wealth management platforms to firms building disruptive products for the digital investor revolution.
Led by Stephane Dubois, CEO, Xignite is a provider of market data API solutions to brokers, wealth managers, and the tech firms who serve them. The company today serves more than 700 firms, which use its APIs to deliver data to digital investors.
Led by CEO Bob Ward, Quodd delivers comprehensive market data on demand to financial services industry. The company provides banks, broker dealers, insurance companies and fintechs with the ability to stream, embed, look up, or download pricing data for global equities, fixed income, indices, options, futures, and end-of-day pricing for mutual funds. Quodd is a NewSpring Holdings platform company.
The acquisition bolsters two of Quodd’s signature products:
- QUODD Fuel, the firm’s suite of cloud-native market data solutions powered by proprietary technology that ingests, normalizes, and productizes market data content for easy consumption, will integrate Xignite’s content catalog, which includes data products curated from more than 150 sources with more than 500 API end points.
- QUODD’s flagship digital platform Universe+, which already offers clients a streamlined experience that meets their needs across all segments of their business based on their specific end-user’s workflows, including all data types, asset classes, and global coverage.
FinSMEs
21/02/2023