July 14, 2007
Single purpose API
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For decades client information related to bank accounts was kept confidential to third parties. It was hard for third parties to get this information in a trusted and verified way. This article looks at the main types of data accessible via banking APIs and their current and potential use cases.
Xignite, the provider of commercial APIs for financial data, has announced a new addition to its web service suite: XigniteGlobalQuotes. The new XigniteGlobalQuotes API provides users with programmable access to delayed stock quotes from global stock markets, including the Mumbai Stock Exchange (India), the Tokyo, Shanghai, and Singapore stock exchanges, the Brazil Stock Exchange, the London Stock Exchange, and many continental European exchanges.
The Amazon Web Services team has announced a new "Requester Pays" pricing model for their Simple Storage Service (S3). Amazon's S3 service, which provides scalable access to Amazon's online data storage infrastructure, enables customers to rapidly scale their platform using a cost effective pay-as-you-go model. Now, the new S3 Requester Pays Model gives S3 customers the built-in ability to charge their users for specific data transfers. Furthermore, Amazon takes care of the billing for the requested data, eliminating excess accounting overhead for the data providers. From their announcement: