Cryptocurrency Data Feed Launched By NYSE Parent Firm Intercontinental Exchangebr>
Intercontinental Exchange (ICE) will be launching a cryptocurrency data feed to provide real-time information from more than 15 digital currency exchanges worldwide.
Intercontinental Exchange is a Fortune 500 company. It owns exchanges for financial and commodity markets, and operates 23 regulated exchanges and marketplaces, including ICE futures exchanges and the New York Stock Exchange. ICE also owns and operates six central clearing houses. It has offices in New York, London, Chicago, Houston, Winnipeg, Amsterdam, Calgary, Washington, DC, San Francisco and Singapore.
The Cryptocurrency Data Feed, which will be in partnership with blockchain firm Blockstream, will offer information on prices, trading volume, and the order book for several leading cryptocurrencies, including bitcoin. It will provide price information against the dollar and other major currencies. Blockstream will collect the data from cryptocurrency exchanges around the world and format the data to help investors more easily track how different markets are performing.
“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.”
“At Blockstream, we build technologies that help cryptocurrency reach its full potential,” said Adam Back, CEO of Blockstream. “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. 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.”