NEW YORK, March 17, 2015 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced that Xignite, the leading provider of market data cloud solutions to the financial industry, has signed a market data licensing agreement to distribute OTC Markets Group's 15 Minute Delayed Level 1 data. With this agreement, Xignite customers now have convenient access to delayed best bid/best offer ("BBO") quotes and security information on OTCQX®, OTCQB® and OTC Pink® securities, including marketplace designation and Caveat Emptor status.
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"Xignite's flexible, cloud-based market data platform is a natural fit for OTC Markets Group's delayed Level 1 quote data," said Matthew Fuchs, Executive Vice President of Market Data and Strategy at OTC Markets Group. "This agreement further expands our market data distribution network and provides vendors, participants and investors with an accessible API solution for market data on 10,000 U.S. and global OTCQX, OTCQB and OTC Pink securities."
"OTC Markets Group is a key player in today's market and its data is required by many of our clients who seek comprehensive market data information for the U.S. markets," said Stephane Dubois, CEO of Xignite. "With this partnership, our easy-to-use, high performance APIs now provide our clients with the most extensive coverage of U.S. equity markets in the easiest possible way, allowing them to further innovate and revolutionize the fintech industry."
OTC Markets Group sets the best price standard for OTCQX, OTCQB and OTC Pink securities by broadly distributing its market data through major leading data distributors.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected
financial marketplaces for 10,000 U.S. and global securities. Through our OTC Link® ATS, we directly link a diverse network of broker-dealers that provide liquidity and execution services for a wide spectrum of securities. We organize these securities into marketplaces to inform investors of opportunities and risks: the OTCQX® Best Marketplace; the OTCQB® Venture Marketplace; and the OTC Pink® Open Marketplace. Our data-driven platform enables investors to easily trade through the broker of their choice at the best possible price and empowers a broad range of companies to improve the quality and availability of information for their investors. To learn more about how we create better informed and more efficient financial marketplaces, visit www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
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About Xignite
Xignite, Inc. is the leading provider of market data cloud solutions. Xignite makes sourcing and integrating real-time and reference market data into apps and devices easy and more cost-effective than alternative data feeds. The Silicon Valley-based company is helping fuel fintech innovation by powering web sites and apps for more than 1000 financial services, media, software and corporate clients, including fintech innovators Wealthfront, Betterment, Personal Capital, Motif Investing, Robinhood, StockTwits, and Yodlee. The company's platform also powers private data distribution solutions for exchanges, market data vendors and financial institutions, including NASDAQ OMX, SIX Financial Information and BMO. For more information, visit http://www.xignite.com or follow on Twitter @xignite.
Media Contact:
Saskia Sidenfaden, OTC Markets Group Inc., +1 (212) 896-4428, saskia@otcmarkets.com
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SOURCE OTC Markets Group Inc.