SAN MATEO, Calif., Aug. 3, 2021 /PRNewswire/ — Xignite, Inc., a supplier of cloud-based market information distribution and administration options for monetary providers and expertise firms, at this time launched XigniteGlobalETFs, a brand new Cloud API offering superior analytical and full holdings information for exchange-traded funds (ETFs) globally. The recognition of ETF investing has been going by the roof and, in 2021, has damaged all earlier data. ETF information is important to Xignite’s digital funding supervisor (robo-advisor) purchasers, reminiscent of Betterment and SoFi, and our buying and selling and brokerage purchasers, reminiscent of Robinhood and eToro, who provide their customers collections made primarily of specifically chosen, low-fee ETFs.
One of many prime causes for the dramatic enhance is that ETFs have change into nearly free to purchase and promote because of modern Fintech options powered by Xignite market information. Robo-advisors reminiscent of Personal Capital, SoFi, Wealthfront, and WealthSimple have helped make ETFs extraordinarily well-liked as a simple, low-cost approach to diversify their members’ portfolios.
Zero-cost buying and selling inventory brokers like Robinhood have attracted buyers that use ETFs as buying and selling autos. Because the ETF panorama evolves, it continues to democratize hard-to-access buying and selling methods for retail buyers. This dramatic growth, and the complexity of the ETF panorama, make it important for our purchasers to have institutional high quality information to combine into their ETF-focused monetary software program and cell purposes.
The brand new API provides each day and historic protection of all listed ETFs in North America, Europe, and the biggest Asian markets. Sourced from CFRA Analysis, one of many world’s largest unbiased funding analysis corporations, customers can analyze underlying constituents throughout ETFs to quantify and evaluate sector, issue, and different danger exposures. The Xignite’s Knowledge High quality staff cross-validates the ETF information throughout sources and proactively detects and fixes any lacking data.
“Inflows to ETFs have already set an annual report in 2021,” says Vijay Choudhary, Vice President of Product Administration for Xignite. “It’s important for our wealth administration, buying and selling, danger evaluation, hedge fund, and different Fintech purchasers to have entry to in-depth analysis on the ETF trade to make knowledgeable choices on behalf of their purchasers,” added Choudhary.
Xignite APIs are cloud-native and provide a sturdy number of use case-based endpoints. These endpoints are ready-to-use items of code that builders can simply combine into their product or app, no matter sort, quantity, or frequency of information, with out the necessity for any advanced integration logic. The out there XigniteGlobalETF endpoints are:
GetHoldings – Returns all holdings sorted by proportion portfolio weight for the required date.
GetETFCharacteristics – Returns traits for one or many ETFs for the required date.
GetVolatilityStatistics – Returns common quantity and volatility on the specified date.
GetFundFlows – Returns fund flows for chosen ETFs.
GetFundFlowsRange – Returns fund flows for a specific ETF throughout the required time vary.
GetHistoricalNAVs – Returns the historic NAVs for an ETF based mostly on a begin date and finish date.
GetNAVs – Returns the closing NAV for a number of ETFs for the required AsOfDate.
GetTrailingReturns – Returns trailing returns for one or many ETFs for the required date.
SearchETFs – Returns an inventory of ETFs that match the search parameters.
Xignite has been disrupting the monetary and market information trade from its Silicon Valley headquarters since 2003 when it launched the primary business REST API. Since then, Xignite has been regularly refining its expertise to assist Fintech and monetary establishments get probably the most worth from their information. Right this moment, greater than 700 purchasers entry over 500 cloud-native APIs and leverage a set of specialised microservices to construct environment friendly and cost-effective enterprise information administration options. Go to xignite.com or comply with on Twitter @xignite.