Alpha Exchange Leverages Cloud for Market Data Delivery
Alpha Data cloud to deliver Canadian securities market data to mobile devices and financial applications worldwide
San Mateo, ca and Toronto, Canada – Xignite Inc. and Alpha Market Services Inc., the data distributor for Toronto Based Alpha Exchange, today announced their agreement to launch new services offering access to Alpha Exchange real-time and historical market data via the Internet. Alpha Exchange trades securities listed on the TSX, TSX Venture and Alpha Exchange listing markets. Alpha Exchange has roughly 20% of Canadian market share and will leverage Xignite’s leading financial market data cloud solutions to deliver data through easy to consume application programming interfaces (APIs). These services are ideally suited to fuel the next generation enterprise and mobile applications, increasing the Exchange’s global reach.
“Alpha Exchange prides itself in being a leader in innovation, an enabler of technological initiatives and a proponent of market data democratization” stated Deana Djurdjevic, Chief Trading and Data Officer of Alpha Exchange. “Putting in place a market data cloud solution with Xignite as well as being its first non-US exchange partner is a natural but also a very exciting step forward for the Exchange.”
The first phase, scheduled for the beginning of August, will include the addition of Alpha Exchange’s last sale data to the award winning Xignite Market Data Cloud platform available via Xignite.com. The data will include real-time last sale prices and minute-level tick bars for all securities trading on Alpha Exchange. For pricing and availability, call 1(650)655-3700 or email firstname.lastname@example.org.
“We are delighted that Alpha has recognized the Market Data Cloud’s potential to grow its global business,” stated Stephane Dubois, CEO and founder of Xignite Inc. “This relationship marks an important step in expanding access to global financial market data.”
The second phase includes the launch of the Alpha Data Cloud, a rich suite of cloud-based market data services powered by the XigniteOnDemand platform, and is slated for Q4 2012. The Alpha Data Cloud will provide easy and cost effective access to real-time data via Internet for customers around the world, and provide a one-stop shop for all Alpha Exchange historical and reference data. The service will allow customers to access the data via APIs, to download custom subsets of historical data, to subscribe to reoccurring data delivery or to replay a full day of trades and quotes.
ABOUT ALPHA EXCHANGE
Alpha Exchange is part of Alpha Group, an organization set up by nine leading Canadian financial institutions in 2007 to reinvigorate trading in Canadian markets at a time it was characterized by a lack of liquidity, efficiency, innovation and state-of-the art technology.After having achieved substantial results in the Canadian trading space with its alternative trading system (Alpha ATS), Alpha Group decided to bring similar change and benefits in the Canadian listing space. This led to the formation of the Alpha Exchange, the new generation Canadian exchange built on the principles of entrepreneurship and operational excellence. Alpha Exchange will not only foster quality listings and liquidity, but also re-energize innovation and entrepreneurship in Canada across the industry sectors that have been neglected over the past several years. Alpha Exchange operates two listings markets: Alpha Main and Alpha Venture Plus, and is focused on technology companies and structured products.
For further information regarding Alpha Exchange, visit http://www.alpha-group.ca.
Xignite is the leading provider of market data cloud solutions. The Xignite Market Data Cloud fulfills more than 5 billion requests per month and offers more than 50 financial web services APIs providing real-time, historical, and reference data across all asset classes. Xignite APIs power mobile financial applications, websites, and front-, middle- and back-office functions for more than 1000 clients worldwide, including Wells Fargo, GE, Computershare, BNY Mellon, Natixis, Forbes.com, SeekingAlpha, ExxonMobil, Starbucks, and Barrick Gold. The company’s award-winning XigniteOnDemand market data cloud platform also powers data distribution solutions for exchanges and data vendors, as well as Enterprise Data Distribution (EDD) solutions for financial institutions. Companies using XigniteOnDemand for market data distribution include the CME Group, NASDAQ OMX, NYSE Euronext and Direct Edge.
Maria Canul (650)288-1184; direct email@example.com
Denise Edwards Marketing, Alpha Exchange (647) 259-0465 firstname.lastname@example.org