Xignite Hosts Panel on Challenges and Opportunities in the Cloud for Wall Street

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Xignite Hosts Panel with Experts from NYSE Technologies, Pico Quantitative Trading, and Xignite at SIFMA 2011 Tech Expo

SAN MATEO, Calif.--(BUSINESS WIRE)-- Xignite, Inc., the leading cloud services provider of on-demand market data distribution technologies, today announced that it will be hosting a panel titled “The New Cloud Paradigm for Financial Applications: How Financial Firms are Leveraging the Cloud to Manage Big Data,” at 2011 SIFMA Financial Technology Service Expo in New York on Thursday, June 16th at 10am Eastern Time. This panel combines a group of top financial services and cloud computing technology leaders.

For a candid discussion on how to leverage the cloud in the financial market data space, attend this panel. Application of the cloud for Big Data management, High Frequency Trading and other key areas will be covered. Examples of real world cloud initiatives and results will be discussed. Descriptions of how the cloud affects business and changes financial application development and deployment will be included. Concerns and issues such as security, reliability and compliance will also be explored.

According to Max Bowie of Inside Market Data, “the cloud is set for stratospheric takeup.” More and more firms are considering a shift towards a managed service solution and the market data space is a prime candidate for this migration. “The perfect storm created by the recent crisis in financial markets is causing firms to investigate lighter-weight technologies that allow them to do more without associated increases in spend,” adds Max Bowie.

Attendees will learn from industry insiders, including:

Stanley Young, CEO, NYSE Technologies
Stephane Dubois, President and CEO, Xignite,Inc.
Jarrod Yuster, Co-Founder and CEO, Pico Quantitative Trading
Scott Key, Director, Financial Services Vertical, VMware

Young, Yuster, Dubois, and Key will each bring a different outlook on the impact and relevance of the cloud in financial market data. Young will bring the perspective of exchanges and trading venues, Dubois will weigh in on the viewpoint of the data vendors, Yuster will contribute his unique insight as a user, and Key will shed some light on the in-depth cloud technology involved. The moderator of the session will be Joel York, CMO (Chief Marketing Officer) of Xignite and Blogger at Cloud Ave and Chaotic Flow. He is both a member of the industry and a respected journalist.

In addition, Xignite will also host an exclusive “VIP Party” at The Forbes Galleries on Wednesday, June 15th from 6pm until 10pm. Space for this event is limited. Invitations are also available on a first-come-first-serve basis at the Xignite booth located in the New York Hilton's Rhinelander Hall, Booth #1413, from 9am to 5pm on Tuesday June 14th and Wednesday June 15th.

About Xignite

Xignite is the leading cloud services provider of on-demand financial market data and award-winning on-demand data distribution solutions. Xignite's market data cloud fulfills more than five billion service requests per month and offers more than 50 financial Web Services providing real-time, historical and reference data for global equities, commodities, currencies, options, fixed income, mutual funds, derivatives and OTC instruments. Xignite solutions power mission-critical applications for front, back and mid-office, investor relations, dashboards, e-commerce, wireless applications and financial websites for more than 900 clients in 47 countries, including Citi, GE, Wells Fargo, Computershare, ING, BNY Mellon, Natixis, Dow Jones, Forbes.com, SeekingAlpha, ExxonMobil, Starbucks, and Barrick Gold. The award-winning XigniteOnDemand cloud platform also powers on-demand market data distribution solutions for stock exchanges, trading venues, OTC brokers and market data originators including the CME Group, NASDAQ OMX, BGCantor and Pearson. For more information, please visit www.xignite.com or call 1-866-XML-SOAP.