Bernie Weinstein, Executive Managing Director and head, BGCantor Market Data: "We're truly excited to be able to offer our customers a new way to access our market data."
BGCantor Market Data L.P., in association with Xignite, Inc., the cloud services provider of on-demand financial market data and web services, has announced that BGCantor Market Data is now offering its data directly to customers through BGCantor On-Demand, a new on-demand financial web services solution powered by the XigniteOnDemand platform. BGCantor On-Demand offers BGCantor's market data available directly over the Internet at www.bgcantorondemand.com.
Companies are increasingly using web services technology to streamline their access to financial market data. Web services let market data providers deliver market data on an on-demand basis, providing only the data that is needed in real-time. The data is designed to be application-ready, eliminating the time and cost of on-site data management.
BGCantor On-Demand is designed to provide a wide range of fixed income and derivatives data, including benchmark treasury, fixed income, foreign exchange, emissions, futures and credit derivatives data, and combining easy access to these data sets with pay-as-you-go pricing.
With the launch of the BGCantor On-Demand product, BGCantor Market Data plans to open new channels for distributing its data while aiming to provide more value for their existing customers. BGCantor Market Data plans to use BGCantor On-Demand to provide an affordable solution to middle office asset managers and portfolio managers who require timely market data but do not require a full data feed. BGCantor Market Data's front office customers will also be able to augment their existing data feeds with additional data by taking advantage of the flexible usage-based pricing model of BGCantor On-Demand.
"We're truly excited to be able to offer our customers a new way to access our market data," said Bernie Weinstein, Executive Managing Director and head of BGCantor Market Data. "Our customers depend on us to deliver the data they need, when they need it and using an innovative technology like web services we can provide even more flexibility. Xignite has provided a turnkey solution, which is quick and easy to implement, enabling us to respond efficiently to our customers' demands."