CBOE to Provide IPC cryptocurrency data.
According to the agreement, CBOE will help the IPC’s connexus cloud in the category of feed premium and feed summary data on three cryptocurrency pairs. The pairs include Bitcoin to USD, Ether to Bitcoin and Ether to USD.
Meanwhile, IPC gained a reputation as a service and technology provider for global financial markets. The New York-based financial services company assist their clients on a wide range of financial technology services. The company integrates a diversity of global financial ecosystems across different markets and assets classes. Additionally, it helps communities adapt to market challenges and dynamics.
The IPC Connexus cloud platform is a high-performance cloud solution for enterprise compliance. The cloud-based platform brings together more than 6,600 market participants from all over the world. With the new partnership between IPC and CBOE, users of the Connexus cloud will have access to CBOE Futures Exchange as well as data on XBT futures.
Incorporating Cryptocurrency, Fintech and Traditional Financial Services
CBOE provides investment solutions and trading services to investors from all over the world. The Chicago based company also offers solutions to improve customer experience by connecting global markets with world-class technology. The company also offers a diversity of trading products involving a variety of asset classes. Some of the assets the company deals in include futures, exchange-traded products (ETPs) and global foreign exchange (FX).
CBOE is among the top global exchange holding companies pioneering in creating cryptocurrency financial tools. Also, Kevin Carrai (CBOE Vice President and Global Head, Market Data and Access Services) stated that:
CBOE was the first to launch regulations on cryptocurrency futures in the US. We are ready to help foster a more mature and orderly global marketplace for digital assets. An important part of this effort is the efficient and widespread distribution of trade data. To enable investors to make better decisions. We are delighted to work with IPC to jump-start this effort.
Other companies that are investing in cryptocurrency financial tools include Morgan Stanley which recently launched it’s bitcoin swap trading products. The swap functions in conjunction with the bank’s expected trading abilities for synthetic exposure based on bitcoin performance. Moreover, the service offers users the ability to leverage price return swaps to go either long or short.