The owner of the New York Stock Exchange (NYSE) has announced that it will launch a Cryptocurrency Data Feed to provide institutional clients with real-time market information from cryptocurrency exchanges located throughout the world.
NYSE Owner to Launch Cryptocurrency Data Feed for Institutional ClientsIntercontinental Exchange (ICE) — best known as the operator of the NYSE — made the announcement on Thursday, adding that it has partnered with blockchain startup Blockstream to build the service, which will be distributed as a part of ICE Data Services’ Consolidated Feed and will go live by March. The service will provide hedge funds and other institutional clients with the same types of data employed by high-speed stock traders and asset managers. In addition to simple pricing data, ICE will provide clients with detailed information about exchange order books, which will help them anticipate market moves and take advantage of arbitrage opportunities that occur as the result of pricing discrepancies between exchanges.
“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, in a statement.Initially, the Cryptocurrency Data Feed will provide real-time, end of day, and historical data for six cryptocurrencies: bitcoin, ethereum, ripple, bitcoin cash, litecoin, and dash. Blockstream said that the service will launch with data from more than 15 cryptocurrency exchanges, including Bitbank, Bitfinex, BitMEX, Bitso, Bitstamp, BtcBox, BTCC, CEX, Coinfloor, Coincheck, ItBit, Gopax, OKEx, SurBTC, The Rock Trading, Unocoin, Vaultoro, and Zaif. Additional exchanges are expected to contribute data in the future.