Xignite to Integrate Analytics and Reporting Tools into Market Data Cloud Platform

Xciting news has come out from the market research world, according to a recent release.

Xignite, a provider of market data distribution and management solutions for financial services and technology companies, has announced a strategic partnership with XPansion, a provider of market data usage, tracking and business monitoring software, to integrate XPansion's XMon analytics and reporting functionality into its Market Data Cloud Platform.

Hosted in Amazon Web Services (AWS) public cloud, the Xignite Market Data Cloud Platform is designed to enable optimization of market data distributed across an enterprise, providing clients with tools to control, entitle and track data consumption across businesses.

Adding XMon functionality reportedly will provide clients with enhanced business intelligence, analytics and reporting capabilities through interrogating data usage, control and allocate costs across data vendors.

“Empowering our clients with the tools to understand how they are consuming data and providing them with technology to establish transparency and control spend in real-time has been our focus from the beginning,” said Amjad Zoghbi, Director and co-founder, XPansion. “Clients consume increasing amounts of data and coupling powerful analytics with a robust data distribution platform is essential in today's data landscape. We are very excited to be partnering with Xignite and extending XMon's analytics and controls to their next-generation Market Data Cloud Platform.”

“Market data is a complex environment where vendor fees and commercial licensing models continue to change, putting pressure on buy and sell side firms to control access and costs,” said Stephane Dubois, CEO and Founder, Xignite. “Providing clients with a solution to regain control of market data flow and consumption is core to our mission of simplifying the acquisition, management and dissemination of market data. We are delighted to partner with XPansion, combining their superior analytics with the proven data management capabilities of our Market Data Cloud Platform is a win for clients.”