The source of our precious metal prices depend on the type of price:
Xignite spot prices are collected via direct feed from two different vendors with whom we have distribution relationships: Morningstar and Six Financial Information (SFI). Xignite consolidates those two feeds to provide redundancy, reliability and liquidity. Morningstar and SFI collect their own data from the trading desks of a large number of bankers, brokers, and metal trading platforms located in the US, Europe, The Middle East and Asia. These firms are called contributors to the feed.
Here are some examples of contributors to the Morningstar and SFI feeds:
Morningstar: UBS, Saxo Bank, CommerzBank, etc.
SFI: Swiss National Bank, Deutsch Bundesbank, People's Bank of China, etc.
Xignite collects future pricing information from the CME Group via feed. Xignite calculates delayed future prices and historical future prices from this feed.
CME Delayed Future prices are subject to exchange fees. The fees are $187.50/mo for either NYMEX or COMEX. Xignite collects and pays the fees back to CME as part of the exchange reporting process. Xignite charges a $12.50 processing fee on top of the CME fees.
Xignite collects fixing information directly from the following sources:
Gold & Silver: London Bullion Metal Association
Platinum & Palladium: London Platinum and Palladium Association