The parent company of the New York Stock Exchange is getting into cryptocurrencies. Lynn Martin, President and COO of ICE Data Services joined us on set to explain why they decided to launch a new service for hedge funds and professional traders. The intercontinental exchange is introducing a new data feed along with blockchain tech startup, Blockstream, called the Cryptocurrency Data Feed. The new digital offering will provide traders with real-time trading data for more than 15 cryptocurrency exchanges and can be used by high-frequency traders and quantitative hedge funds. Martin said providing transparency to markets was a key factor influencing the group's decision. ICE isn't the only exchange looking at cryptocurrency data. Data players such as Bloomberg and Thomson Reuters both broadcast prices of major digital currencies on their terminals. Martin said her service is different because, with the Blockstream partnership, they'll have data for over 80% of the transaction market.

Share:
More In Business
Stretching Your Dollar: What to Know About Changes to FAFSA
Applying for financial aid for college is a long process but there's a new streamlined application for federal student aid. Mark Kantrowitz, student loan expert, joined Cheddar News to explain the FAFSA form and what kind of changes are expected.
Stretching Your Dollar: Caring for Your Pets This Holiday Season
With all of the stress surrounding the holiday season with gift-buying and planning family gatherings, it could be a chaotic time for all members of your family, including pets. Cesar Milan and Michael Ehrman, co-founders of Halo Collar, joined Cheddar News to provide tips on how to keep your pets stress-free for the upcoming holiday season.
United Airlines Introduces Self-Serve Snack Bar
United Airlines has introduced a new self-serve snack bar on its flights allowing economy passengers to help themselves to free snacks instead of relying on a flight attendant to get them.
Load More