Compliant communications and networking solutions provider IPC has announced plans to deploy ICE Data Services’ Cryptocurrency Data Feed on the IPC Connexus Cloud, and its high-performance financial markets cloud solution for data, voice, and enterprise communications and compliance.
Cryptocurrency Data Feed captures the majority of cryptocurrency exchange trading volume for leading cryptocurrencies measured against the U.S. Dollar and other major currency pairs. It streams real-time and historical data for the most actively traded digital currencies globally. The feed is provided by ICE Data Services, a subsidiary of Intercontinental Exchange with a range of data solutions including pricing and analytics, indices and exchange data for customers to address their investing, trading, compliance and risk management requirements.
Mike Smith, director of global exchange relations management at IPC, said:
“The cryptocurrency market continues to make inroads with global investors, who rely on timely and robust pricing data to help with their critical investment decisions. With the vast ICE Cryptocurrency Data Feed now accessible by Connexus Cloud users, we continue to bring customers the vital information needed in this emerging and growing market.”
The ICE Cryptocurrency Data Feed, to be made available on the IPC Connexus Cloud, provides real-time and historical data for 60+ digital currencies from 30+ global trading venues, markets and exchanges around the world, including Bitcoin, Bitcoin Cash, Dash, EOS, Ethereum Classic, Litecoin, Monero, NEO, OmiseGo, Qtum, Ripple, Stellar, Tether and Zcash.
The data is normalised into an easily consumable data model for market depth, quotes, and trades. The service includes calculated crosses between the digital currencies, three years of Bitcoin (XBT) history, an average of over 20 million updates per day on XBT/USD, over 200 million updates daily across all digital pairs, and level 2 venue-specific orderbooks in market-by-price format.
The service was first announced in January 2018, when ICE Data Services partnered with San Francisco-based Blockstream, a leader in blockchain technologies and financial cryptography, for the launch of the Cryptocurrency Data Feed.
The IPC Connexus Cloud integrates sell-side and buy-side firms, inter-dealer brokers, liquidity venues, energy firms, trade lifecycle services, market data, and clearing/settlement firms, connecting more than 6,400 capital market participants across 750 cities in 60 countries across the globe.
Connectivity is provided to liquidity venues in countries comprising over 80 percent of the global GDP, including access to emerging and frontier markets such as China, Russia, Turkey, South Korea, Taiwan, Vietnam, and the United Arab Emirates.