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Xignite Vendor of Record Overview

Vendor of Record and Exchange Reporting Service

Xignite Vendor of Record (VoR), offered as an add-on service to Xignite real-time and delayed quote APIs, is a tightly integrated data access control and reporting solution that lets large banks, asset managers, wealth management, and fintech firms build next-generation applications that display fee-liable real-time market data, without the complexity and administrative burden of becoming a Vendor of Record.

Xignite VoR service helps you grow your business by simplifying the administration and reporting of exchange fees and eliminating the need for your firm to pay exchange datafeed fees.

Vendor of Record FAQs

Key Features

  • End user level market data access control, usage tracking and reporting
  • Concurrent access enforcement and excessive usage monitoring (required for exchange compliance) powered by Xignite Gateway software
  • Vendor of Record for all North American equities and options exchanges
  • RESTful APIs for easy integration into any enterprise applications or ISV solutions
  • Automated usage reporting and invoicing/billing

Key Benefits

  • Drastically reduces administrative overhead of exchange compliance and reporting for real-time market data
  • Eliminates the need for your firm to pay excessive exchange data feed fees
  • Accelerate time to market for your real-time apps
  • Simplifies integration into your applications using easy-to-use APIs and Single Sign-On (SSO) features
  • Delivers market data directly to end-user applications eliminating the need to build out any market data infrastructure
  • Eliminate the need for an on-premise entitlement system leading to the overall lower total cost of ownership (TCO)
  • Reduces audit and compliance risk from exchanges

Service Coverage At-A-Glance

  • Asset Classes: Equities and Options
  • Exchanges Covered: North American Equities (NYSE, NASDAQ, OCT Markets, TMX, NASDAQ Basic) and OPRA for US Options

Key Application Requirements

Client applications displaying real-time data to subscribers must meet the following requirements for Xignite to become a Vendor of Record (VoR):

  • Windows (version 7 and up) based enterprise application with Professional only users
  • Internal and display only use case of real-time data
  • Integration with Xignite Gateway client software is required