Thu, Apr 18, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Industry Updates

ICE and Blockstream launch crypto product

Friday, January 19, 2018
Opalesque Industry Update - Intercontinental Exchange, Inc., a leading operator of global exchanges and clearing houses and provider of data and listings services, and Blockstream, a leader in blockchain technologies and financial cryptography, announced today the launch of the Cryptocurrency Data Feed. ICE Data Services' new feed offers real-time cryptocurrency information and will initially include data from more than 15 cryptocurrency exchange venues globally. The exclusive agreement between ICE Data Services and Blockstream offers extensive coverage of prices and order book data for bitcoin and several other leading cryptocurrencies.

"With the broad array of cryptocurrencies and exchanges, and given the price variances between exchanges, it's critical that investors have a comprehensive source of pricing information," said ICE Data Services President and COO, Lynn Martin. "We're excited to work with Blockstream, which is focused on bringing institutional-quality data to the market, and we look forward to expanding the feed and our strategic relationship with Blockstream over time."

The Cryptocurrency Data Feed is a multi-asset and multi-venue data feed capturing the majority of cryptocurrency exchange trading volume for leading cryptocurrencies measured against the U.S. Dollar and other major currency pairs. Blockstream works with cryptocurrency exchanges around the world and consolidates the disparate data sets into a normalized and standardized data source that includes real-time and historical trade information, as well as other relevant order book data such as quantities, prices, currencies, and timestamps. This is designed to enable ICE Data Services' customers to receive global market representative trading data in a real-time feed with high quality information.

"At Blockstream, we build technologies that help cryptocurrency to reach its full potential. Our work on the Cryptocurrency Data Feed is providing improved cryptocurrency market data through information sharing via our open, collaborative working relationships with cryptocurrency exchanges around the world," said Adam Back, CEO of Blockstream. "We are excited to work closely with ICE and cryptocurrency exchanges globally to deliver this data service that we believe will significantly reduce the barriers to broader trading of bitcoin and other cryptocurrencies."

ICE Data Services' state-of-the-art, low-latency Consolidated Feed will be the exclusive delivery mechanism. The ICE Data Services Consolidated Feed provides access to over 450 normalized real-time market data feeds and is part of ICE's Connectivity service, which offers highly secure, low latency networks, global colocation and the SFTI Direct Market Access network of over 300 venues and 600+ sources.

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1