Financial Market Data Web Services – Xignite Blog

If you’ve wanted to add real-time stock quotes to your public website, but just couldn’t justify the cost, you’ll want to learn more about BATS.  No, not the baseball equipment or the “rats with wings.”  The BATS stock exchange.  As it happens, BATS is the third largest stock exchange in the world, covering 8,000 securities and processing over 10% of U.S. trades.  Stock for most public companies are traded on BATS regardless of the exchange that lists them.

BATS has very web-friendly licensing terms for public display of its stock quote data, and we’ve just recently launched two new web services for getting stock quotes from BATS:  XigniteBATSRealTime and XigniteBATSLastSale.  Websites can publish BATS stock quotes without needing to sign exchange agreements that tie them to per-user or per-hit fees.

BATS has made adding stock quotes to web sites easy and affordable

We originally launched XigniteBATSLastSale to give our customers real-time quotes from BATS-traded securities. More recently we’ve launched XigniteBATSRealTime for customers with heavier usage requirements.  In XigniteBATSRealTime, we’ve added data that’s more important for intraday traders, such as tick-by-tick quotes and bid and ask prices.

So, if you’ve been waiting for real-time stock quotes to become more economical for public display on websites, it’s time to take another look at your options.

Index Oasis, a company focused specifically on index analysis, is helping financial advisors, money managers and investors to manage their portfolios more wisely, with a web-based software platform. At the center of the Index Oasis system is a new web service offered by Xignite, XigniteIndexComponents.  This Financial Web service provides lists of securities and weightings that are used to calculate over 40  U.S. stock indices.  While XigniteIndexComponents is a fairly simple service, it is the industry’s first on-demand Web service to provide Index Component data.

To us, Index Oasis illustrates how companies can leverage our on-demand platform to obtain only the data that is needed, without the heavy up-front investment in infrastructure, ongoing maintenance costs and lengthy development efforts. By utilizing Financial Web services, Index Oasis realized huge savings in time, development and infrastructure investment, accelerating time to market by 35% and reducing data integration to fewer than 10 lines of code.  This is what Xignite Web Services it is all about, saving time, effort and money.

If you’d like to read more, there is more detail in this feature article by Inside Market Data (you’ll have to register if you are not a regular reader of the site), or you can check out the index components press release.