Intercontinental Exchange Teams With Blockstream To Launch Cryptocurrency Data Feed

News | January 30, 2019 By:

Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), has partnered with blockchain firm Blockstream to launch its Cryptocurrency Data Feed.

The ICE Cryptocurrency Data Feed is aimed at providing true price discovery of the cryptocurrency markets. It claims to track over 200 million trade and quote updates per day across 400+ crypto and fiat currency pairs. Currently, the feed lists 58 cryptocurrencies and stablecoins alongside 19 fiat currencies. In addition to providing true price discovery, the feed also offers a number of crypto asset monitoring services, including historic data, full-depth market by price and by venue insight, and daily summaries.

“Access to price discovery data is crucial to assist in accurately valuing the crypto market,” ICE said in blog post. “To help address the need for transparency and offer investors a comprehensive view, we worked with Blockstream to launch the ICE Cryptocurrency Data Feed. The service is backed by ICE’s SFTI (Secure Financial Transaction Infrastructure) which will mean zero downtime for investors and immediate notifications when issues do arise.”

Demetrios Skalkotos, Global Head of Connectivity for ICE Data Services, said that safe, reliable connectivity to market data is crucial for businesses.

“Being offline drives risk — for example, getting locked into orders you can’t close or not being able to action or close orders on behalf of your customers — that can be avoided with the right solution,” said Skalkotos.

In August 2018, ICE announced plans to launch a cryptocurrency platform called Bakkt, with the aim of bringing digital assets to the mainstream and help unlock the potential of the technology. Last month, ICE said that it expects to provide an updated launch timeline in early 2019, for the trading, clearing and warehousing of the Bakkt Bitcoin (USD) Daily Futures Contract.