Xignite NewsLetter
So easy, the sales guy can do it. 2008 March Vol. 1
   
 
  SPOTLIGHT
  SPLICE- the Web Service Mashup Platform
February was a big month for Xignite. After almost two years of secretive development, we launched Splice, the first on-demand solution allowing developers to customize and share web services.
Splice: the web service mashup platform
The idea for Splice initially came from our clients. While they all enjoyed the ease of integration and intuitive designs of our web services, some requested that we customize them to better fit their requirements. Common requests included optimizing for performance (lower XML verbosity), reducing the numbers of calls needed to collect multiple data sets, or customizing outputs. Rather than doing this on a one-off basis, we decided to empower you to do it yourself. Indeed, with Splice, you can:
  • Combine many services into a single call.
  • Integrate private and 3rd party web services.
  • Format a service to exactly fit your application.
  • Re-use Splices to power any application.
  • Share your services with other developers.
Our objective is to foster a community of developers facing like challenges, who are willing to build and share a large library of re-usable composite web services built on top of our services and others. Instead of spending time writing custom code that will be a pain to maintain, use Splice to deploy your integration on our servers and share it with other developers. Splice effectively provides "Integration As a Service".

The best news is that Splice is not only free to trial, it is also free to use for existing clients under Standard support or above. You can create and operate one free splice per service under subscription.

Please register today and let us know what you think!
- Stephane Dubois, CEO

For questions and comments, please write to Xignite at ondemand@xignite.com.
   
 
 
    What's Coming  
    XigniteCorporateActions
Many of you have requested a reliable corporate action web service that would let you accurately maintain your own security master. Thanks to Xignite's recent partnership with Telekurs, we will soon introduce a corporate action service that will not only provide accurate dividend, split and security changes information, but also cover complex transactions such as mergers, acquisitions and split-offs.

XigniteGlobalMaster
In addition to XigniteCorporateActions, Xignite also partnered with Telekurs to offer Telekur's, complete VDF (Valor Data Feed) product as a web service to Xignite and Telekurs clients. XigniteGlobalMaster will provide you with access to one of the most comprehensive data ranges in the world for securities administration, risk management, portfolio management and trading divisions.

XigniteIndustries
Just like XigniteFinancials and XigniteFundamentals provide access to hundreds of data points and 10 years of financial statements for US and Canadian equities, XigniteIndustries will provide the same information for composite industry groups. This service will be indispensable for those needing to analyze performance of a company against its peers.

If there is anything you need that you don't find on our website, don't hesitate to email us.
 
     
 
    What's Coming  
   

Tempus Leads Deployment of Currency Web Service

Tempus, based in Washington, D.C., is a full service provider of foreign exchange and international payment services to corporate clients. The company has improved operational efficiency by integrating Xignite's currency web service into its proprietary order management system to ensure currency data accuracy. As Tempus opens new offices in the United States and Europe, it needed to address the scalability issue of processing high volume of foreign exchange transactions with accurate exchange rates.

Challenge
When Tempus process clients' foreign currency orders, its sales staff first obtain rate quotes from Tempus traders using Bloomberg, then enter the currency rates into the internal transaction system. With any data entry process, inadvertent "keying" errors occurred which were caught and corrected by back-office staff during order fulfillment. Processing currency transactions with incorrect rates posted an obstacle to Tempus' future growth. Operational staff spent time tracing and fixing errors, time that could have been spent on more value-added tasks.

Solution
To eliminate currency data entry errors, Tempus deployed XigniteCurrencies in its order management system to allow its traders to cross-check, in real-time, the rates that sales force entered. The internal transaction system uses a SOAP interface to get real-time currency rates from Xignite.

Benefits
For Tempus, the results from implementing XigniteCurrencies are higher operational efficiency and cost savings. Since XigniteCurrencies is delivered as a web service, it saves Tempus significant development time and effort during integration. The pre-formatted currency data can be easily deployed to automate the verification of currency rates in the order management process. In addition, Xignite's web service pricing is based on actual data usage, making the currency web service affordable for a mid-sized business such as Tempus.

Overall, XigniteCurrencies provides Tempus with an integrated and affordable solution to ensure accuracy and integrity of currency rates in processing foreign exchange transactions, allowing Tempus to realize productivity gains in real terms to support future business growth in both the U.S. and Europe.
 
     
 
  News Events  
   
Meet Us at the Following Events:

Mashup Camp 2008 Computer History Museum, Mountain View, CA, (March 17-20, 2008

SIFMA Technology Management 2008
June 10-12, New York

 
       
 
  Whats New  
  XigniteInterbanks
Many of our clients have requested to increase our coverage of global Interbank interest rates. So we took the Interbank Rates that were available in XigniteRates and packaged them in our new XigniteInterbanks web service.

We then worked hard on adding a whole new set of interbank rates: HIBOR (Hong Kong), MEXIBOR (Mexico City), BUBOR (Bulgaria), MIBOR (Mumbai), KORIBOR (Korea), PRIBOR (Prague), SABOR (South Africa), TAIBOR (Taipei), TURKIBOR (Turkey), CHILIBOR (Chile), TELBOR (Tel Aviv), CHIBOR (China), SHIBOR (Shanghai), JIBOR (Jakarta), KLIBOR (Kuala Lumpur), TIBOR (Tokyo), PHILLIBOR (Philippines), BKIBOR (Bangkok), BRIBOR (Brazil) and VNIBOR (Viet Nam).
BBA LIBOR
These enhancements, couple with an enhanced relationship with the British Bankers Association, make XigniteInterbanks one of the most comprehensive sources of worldwide interbanks rates and the only web service providing sought-after LIBOR data.

XigniteMoneyMarkets
Demand for real-time interest rate information has never been stronger. We recently launched XigniteMoneyMarkets as a comprehensive source of real-time US Treasury and real-time global swap rate information for more than 24 currencies. For a demo of all available rates, check here.

Web Service Enhancements
We constantly enhance existing services by adding new operations or data sets to existing services. Here is a quick rundown of some enhancements for the last few months:
  • Addition of real-time Currency Forward Rates to XigniteCurrencies.
  • Addition of historical cross bid-ask information to XigniteCurrencies.
  • Addition of real-time and historical currency converters to XigniteCurrencies.
  • Addition of currency reports to XigniteCurrencies.
  • Addition of Canadian NewsWire (CNW) to XigniteReleases.
  • Addition of new data points to XigniteFundamentals including StateOfIncorporation, TotalDebt, TotalCash, TotalAssets, TotalLiabilities, NetIncome, TotalRevenue, TotalExpenses, TotalOperatingExpenses, OperatingIncome, StateOfIncorporation, SECName, LastAnnualReport, LastQuarterly, LastProxyStatement, IRSNumber, FiscalYear and others.
Don't hesitate to contact us if you need new operations or new data to increase the value you get from our web services. We pride ourselves in being able to respond to our clients quickly and effectively.
 
 
  Whats hot  
   
Splice: the web service mashup platform

Well of course Splice is the talk-of-the-town. Check out our cool video that shows you how you can build your first Splice (i.e. a custom, made-to-your-own-specs, fast-as-hell mashup web service) in less than 5 minutes.
 
       
 
   
   
Requesting All Symbols For An Exchange
Many of our web services take a coma-delimited list of symbols as a parameter. Sometimes, you may need to pull a list of values--like quotes or fundamentals--for all the symbols listed on a given exchange. Doing so would require you to build that list of symbols and pass it as a parameter.

There is an easy syntax trick you can use to do that without programming. You only need to prefix the symbol with asterisk (*) and provide the name of the exchange. In addition, you can limit your query to symbols matching a string. But don't forget that each symbol will count as a hit against your service credits.

     
  Example
The syntax to follow is the following.

*EXCHANGE[starstring,endstring]

For instance:

*NYSE returns all symbols for the NYSE.
*NASDAQGS[A,B] returns all symbols for the NASDAQ Global Select that start with the letter A.

For a list of exchange codes, check the ListExchanges operations from XigniteMaster.
 
     
 
 
   
   
The Future of SOA on Wall Street
Penny Crossman, 19 Feb 2008

Composite services next step for mainframe SOA?
Rich Seeley, 28 Feb 2008

Podcast: Common pitfalls of data integration
Michael Meehan, 14 Feb, 2008

Why service consumers and service providers should never directly communicate
Ronald Schmelzer, 4 Mar, 2008

Business empowerment: The underappreciated SOA business benefit
Jason Bloomberg, 19 Feb, 2008

U.S. equity options markets soaring, says TABB Group
, 25 Feb, 2008
 
       
 
  Careers  
   
Web services will rule the world in the near future. It will be an exhilarating experience to be an integral part of it.

If you are a master of your own trade, looking for an early startup to sweat into an apparent overnight success, Xignite is for you! We are a small but thriving company full of smart and motivated people. We work hard and are passionate about changing the life of our clients and making the delivery of web services the business model of the future.

For more information on Careers at Xignite click here.
 
       
 

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