27th September 2018 — IPC, a leading global provider of secure, compliant communications and networking solutions for global financial market participants, announced today that the Cboe Cryptocurrency Feed Summary and Feed Premium, which provides data on three pairs, Ether to Bitcoin, Bitcoin to USD and Ether to USD, are now available on the IPC Connexus Cloud.
Cboe Global Markets is one of the world’s largest exchange holding companies, while IPC’s Connexus Cloud is a high-performance financial markets cloud solution for data, voice and enterprise communications and compliance with an ecosystem of over 6,600 market participants.
Kevin Carrai, Cboe vice president and global head, market data and access services says: “Cboe was the first global exchange group to launch regulated cryptocurrency futures in the US, and we are committed to helping foster a more mature and orderly global marketplace for digital assets. An important part of this effort is efficient and widespread distribution of trade data, to enable investors to make better decisions. To that end, we’re delighted to work with IPC to jump-start this effort.”
IPC offers Connexus Cloud users access to Cboe Bitcoin USD (XBT) futures data from Cboe Futures Exchange, LLC (CFE). XBTSM futures provide a centralised marketplace for participants to trade based on their view of Bitcoin prices, gain exposure to bitcoin prices or hedge their existing Bitcoin positions. XBT futures are cash-settled contracts based on Gemini’s auction price for bitcoin, denominated in US dollars. Gemini Trust Company (Gemini) is a digital asset exchange and custodian founded in 2014 that allows customers to buy, sell, and store digital assets such as Bitcoin, and is subject to fiduciary obligations, capital reserve requirements, and banking compliance standards of the New York State Department of Financial Services.
“Cryptocurrency trading volume continues to grow globally, with analysts projecting it to reach nearly one trillion dollars this year,” says Mike Smith, director global exchange relations management at IPC. “At IPC we are addressing this dynamic, exciting and developing marketplace in which a vast range of investors are increasingly interested in trading, but given the varying offerings and exchange options, seek strong data to inform their participation. By supporting financial market participants with the real-time data and information they need, we are empowering their participation in the growing cryptocurrency market.”
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.