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Xignite provides free use of market data APIs to nine FinTech Sandbox residents

First Published 23rd March 2016

Companies to showcase solutions powered by Xignite Data at FinTech Sandbox Demo Day.

Xignite, the provider of cloud-based financial data APIs, has announced that three FinTech Sandbox residents will showcase solutions powered by Xignite market data at the FinTech Sandbox Demo Day on March 24th. The FinTech Sandbox is a Boston-based non-profit organization that facilitates free access to financial data and infrastructure for fintech startups in order to help them build products.

Launched in 2015, the FinTech Sandbox has accepted 39 startups from almost 200 global fintech applicants.

"We are thrilled to have Xignite as a data provider to the FinTech Sandbox, as well as a sponsor of our upcoming Demo Day," said Jean Donnelly, Executive Director of FinTech Sandbox. "Our startups frequently request access to Xignite data. Our residents value the breadth of market data APIs that Xignite delivers to them."

"Xignite provided us with free access to global equity and options data while we were in development" said Dan Corcoran, CEO of Volos Portfolio Solutions, a software company specializing in exotic derivatives analysis. "As a bootstrapped startup, we would not have been able to integrate that type of market data. Xignite literally helped us to launch our company."

"The greatest obstacle for many fintech startups is access to large integrated high quality data sets in an easy and affordable fashion. Through our partnership with the FinTech Sandbox, we are able to help participants leverage our CloudAPIs to build compelling and innovative solutions very quickly," said Stephane Dubois, CEO and Founder of Xignite. "We are pleased to see so many of the members using Xignite market data and receiving positive feedback on our amazing support and stellar team."

Xignite will participate in FinTech Sandbox Demo Day taking place on March 24th, at Fidelity Investments in Boston. Eight FinTech startups will showcase their solutions, including three residents demoing solutions powered by Xignite market data. The Sandbox residents presenting at Demo Day that utilize Xignite data are ForwardLane, Trigger and Volos Portfolio Solutions.