11th October 2018 — IPC, a provider of secure, compliant communications and networking solutions for global financial market participants, will distribute CME CF Bitcoin Reference Rate and Real-Time Index, and the CME CF Ether-Dollar Reference Rate and Real-Time Index from CME Group, the world’s leading and most diverse derivatives marketplace.
This will be done via IPC’s Connexus Cloud, a high-performance financial markets cloud solution for data, voice, and enterprise communications and compliance.
“The cryptocurrency market is robust and growing. It represents approximately 10% of the $5 trillion traded globally in FX every day,” says Mike Smith, director global exchange relations management at IPC. “Given continued investor interest in this fast-developing sector, we are making even more real-time data and information available to financial market participants to help inform their cryptocurrency strategies.”
IPC is offering Connexus Cloud users an opportunity to access these cryptocurrency pricing products, which are based on dynamic methodology, have an established oversight committee, and meet industry best practices for financial benchmarks. Each is designed to accelerate the professionalisation of Bitcoin and ether trading by providing pricing data from leading cryptocurrency spot exchanges.
IPC’s Connexus Cloud is a high-performance financial markets cloud solution for data, voice and enterprise communications and compliance. Connexus Cloud helps firms trade faster, scale rapidly, achieve greater agility, productivity and efficiency, resulting in a significant competitive advantage.
The dynamic 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 6,600 capital market participants across 750 cities in 60 countries across the globe. It provides connectivity to liquidity venues in countries comprising over 80% 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.