JERSEY CITY, N.J.--(BUSINESS WIRE)--QUODD, a comprehensive market data-on-demand provider for the global financial services industry and a NewSpring Holdings platform company, has acquired Xignite, a leading global provider of financial market data APIs. The combination brings together two dynamic, technology-led organizations that will enhance QUODD’s offerings, scale, and momentum, creating a preeminent market data solutions provider. 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.
The acquisition of Xignite bolsters two of QUODD’s signature products: QUODD Fuel and QUODD’s flagship digital platform, Universe+. 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. In addition, Xignite’s expansive market data offering will further enhance QUODD’s flagship digital platform Universe+, which already offers clients a unique, 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.