Xignite, a provider of market data from the cloud, has become a distributor of the MSCI Global Equity Indexes via its cloud API platform.

Stephane Dubois, CEO and founder of Xignite, said: “MSCI has a strong brand, platinum-quality data and a proven track record in serving the investment industry. It is only natural that our fast-growing client base is demanding access to its data to power their next-generation tools and platforms.”

“Many large financial institutions beyond the digital wealth management space are also rebuilding their aging legacy technology platforms, following in the footsteps of the fintech industry. We are beginning to see established firms consuming data from the cloud instead of using the rigid, antiquated and expensive infrastructures they can no longer afford to support,” he said.

Through this distribution agreement, Xignite and MSCI joint clients will be able to access MSCI’s Global Equity Index levels, price and total return data covering over 75 countries in the developed, emerging, and frontier markets via the Xignite APIs.

These APIs provide the easiest and fastest way to consume and integrate benchmark data into other systems, such as wealth management, portfolio planning, portfolio accounting, performance reporting, performance attribution analysis and others.

Xignite’s APIs are specifically designed to speed development and integration inside new generation web and mobile platforms—allowing firms to focus on providing a unique user and investor experience.

Alain Dubois, Managing Director and Head of Index New Product Development and Data Distribution at MSCI, said: “The digital wealth management space is a fast growing segment in the investment management industry.”

“Given Xignite’s established presence in the space, we are excited to make our data available to this new audience on its data distribution platform.”