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High Performance Global Market Data in the Cloud Courtesy of Keynote Systems Xignite and Akamai
Keynote, Xignite and Akamai Set New Benchmarks for High Performance Market Data Cloud Services
Keynote Testing Reveals Xignite Cloud Services Deliver Global Market Data Up To Two Times Faster With Akamai
Keynote Systems (Nasdaq: KEYN), the global leader in Internet and mobile cloud monitoring, today announced that Xignite, Inc., a leading cloud services provider of on-demand market data distribution technologies, used Keynote Transaction Perspective® to benchmark the performance of its service when used with Akamai Technologies, a leading provider of cloud optimization services. Keynote Transaction Perspective is a Web transaction monitoring product that provides full visibility into performance from an end-user perspective. Keynote determined that customers could access the Xignite financial market data service over the Internet up to two times faster using Akamai's Web Application Accelerator than without it.
"The financial services world is increasingly becoming a global marketplace," said Chas Cooper, director of product marketing at Xignite. "Even regional exchanges in places like Nigeria or Egypt allow other exchanges and brokers to trade securities offered on their exchanges. Our goal is to make it as easy to get global market data as it is to get local market data. We accomplish this by delivering market data directly over the Internet through our cloud services. But the public Internet isn’t always as fast as some applications require. So we teamed up with Akamai to see if we could push the limits of high performance applications using market data delivered over the cloud. Together, we tested a joint solution combining Akamai's network with Xignite’s market data cloud services. To get the most accurate and unbiased performance metrics, we used Keynote Transaction Perspective® to test performance and document the results."
Xignite provides on-demand financial market data about global equities, funds, forex, futures, options, fixed income, reference data, historical data and news to more than 800 global clients over the Internet for use in mission-critical applications. Akamai's Web Application Accelerator routes traffic around Internet congestion points and traffic jams to deliver a higher quality of service from the public Internet. Akamai solutions are designed to accelerate transactions, ensure secure and reliable access to data and minimize the variability in data access time and availability.
Xignite selected Keynote said Cooper because, "We already used Keynote extensively to document performance for our service on an ongoing basis and because we consider Keynote to be particularly accurate and reliable." To test the performance of the Xignite service with Akamai's Web Application Accelerator, Keynote Transaction Perspective ran test scripts from 30 different global locations for three days every 15 minutes. These scripts requested market data for upwards of 50 stock symbols.
Keynote testing revealed that Xignite cloud services deliver global market data up to two times faster with Akamai. Specifically, the tests revealed that using Akamai's Web Application Accelerator:
25% of transactions completed in under 0.3 seconds compared to 6% without Akamai
54% of transactions completed in under 0.8 seconds compared to 29% without Akamai
Said Rich Bolstridge, chief strategist for financial services, Akamai Technologies, "Akamai is helping innovative cloud providers like Xignite compete and be successful in the marketplace. Traditionally, market data came directly from stock exchanges and other traditional data feeds. The ability to utilize lower-cost cloud-based services depends on the availability and reliability of that service over the Internet. That availability and reliability is exactly what Akamai provides. The Keynote results are critical to ensuring the service performs with the promised performance, availability and reliability."
"Our customers' cloud-based applications are becoming increasingly mission critical," said Anshu Agarwal, vice president of marketing at Keynote. "By helping pinpoint how cloud performance can be improved, we help them become 'the best of the best' and outperform their competitors."
Keynote Systems (NASDAQ: "KEYN") is the global leader in Internet and mobile cloud monitoring. We provide companies with solutions for continuously improving the online experience. Founded in 1995, Keynote delivers testing, monitoring and measurement products and services for any enterprise including online portals, e-commerce sites, B2B sites, mobile operators and mobile infrastructure providers. Keynote products and services help companies improve customer experience in four areas: Web performance, mobile quality, streaming and real user experience testing.
Known as The Mobile and Internet Performance Authority TM, Keynote has a market-leading on-demand infrastructure of over 3,000 measurement computers and mobile devices in over 275 locations around the world. Keynote's 2,800 customers represent top Internet and mobile companies including American Express, AT&T, Disney, eBay, E*TRADE, Expedia, Google, Microsoft, SonyEricsson, T-Mobile and Vodafone. Keynote Systems, Inc. is headquartered in San Mateo, California and can be reached at www.keynote.com or by phone in the U.S. at 1-800-KEYNOTE.
Akamai® provides market-leading, cloud-based services for optimizing Web and mobile content and applications, online HD video, and secure e-commerce. Combining highly-distributed, energy-efficient computing with intelligent software, Akamai's global platform is transforming the cloud into a more viable place to inform, entertain, advertise, transact and collaborate. To learn how the world's leading enterprises are optimizing their business in the cloud, please visit www.akamai.com or blogs.akamai.com, and follow @Akamai on Twitter.
Xignite is the leading provider of on-demand market data and on-demand data distribution technology—fulfilling more than three billion service requests per month. Xignite offers the broadest selection of financial Web services available today with more than 50 solutions covering global equities, commodities, currencies, options, fixed income, analyst predictions, company fundamentals and news. 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 700 global clients, including Citi, GE, Bank of New York Mellon, Wells Fargo, ING, Exxon Mobil, Forbes.com, kaChing.com, Wolfram|Alpha, Seeking Alpha, Starbucks, and Wendy's. For more information, please visit www.xignite.com or call 1-866-XML-SOAP