Refinitiv and CCData Empower Institutional Traders with Granular Digital Asset Information

Bolstering the accessibility of digital asset knowledge for institutional buyers CCData, a distinguished supplier of digital asset knowledge and indices, has unveiled its Stage 2 (L2) Order E book knowledge on Refinitiv’s Information Platforms, permitting institutional buyers to entry high-quality, belief digital asset order guide knowledge.

The information of the event, which deepens the digital asset knowledge discipline, offering as much as 99.8% protection of the trade with probably the most exhaustive, detailed liquidity knowledge to this point, was shared through a press launch.

The L2 Order E book knowledge from CCData is a wealthy compendium of present purchase and promote orders for an asset, strengthening the sources on the disposal of merchants, buyers, and monetary establishments.

The expanded dataset aligns with CCData’s current providers on Refinitiv’s platform, which already embrace real-time and historic aggregated market knowledge and complete buying and selling knowledge from a number of licensed exchanges.

CCData’s mannequin differentiates itself by specializing in most depth on each the bid and ask sides. Because of this, it claims to supply detailed order guide snapshots for any built-in trade.

These snapshots are reportedly constructed as soon as per minute per trade, providing a steady stream of information. CCData’s co-founder and CEO Charles Hayter was quoted saying:

We’re proud to collaborate with Refinitiv to deliver CCData’s market-leading digital asset knowledge to its Workspace platform. Leveraging our experience in digital asset knowledge and research-backed methodologies, our collaboration represents a novel worth proposition that brings trusted and clear worth discovery to market contributors.

CCData’s digital asset knowledge answer options an automated order guide calculator. This supplies a number of order guide metrics, together with slippage, unfold, and depth, that are calculated at numerous proportion intervals.

The agency’s combination worth methodology relies on real-time and historic market knowledge, masking probably the most liquid cryptocurrency pairs traded on over 300 exchanges. It additionally supplies reside buying and selling knowledge from 34 exchanges to the Refinitiv platform.

As well as, CCData provides combination and commerce degree historical past courting again to 2010. This consists of greater than 6,000 cash and over 250,000 crypto and fiat buying and selling pairs, recorded on a every day, hourly, and minute-by-minute foundation.

Picture Credit score

Featured Picture through Pixabay