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Intercontinental Stock Exchange To Expand Its Cryptocurrency Data Feed

BFSI News

Intercontinental_Stock-Exchange-To-Expand-Its-Cryptocurrency-Data-Feed Intercontinental Stock Exchange To Expand Its Cryptocurrency Data FeedThe parent company of the New York Stock Exchange, Intercontinental Stock Exchange (ICE), seemed to expand a slew of new coins to its Cryptocurrency Data Feed. Its data feed, introduced in January last year, is a service offering real-time digital currency information, covering prices and order books. Cryptocurrency Data Feed was released with a partnership between ICE and Bitcoin (BTC) and Blockchain-driven Company Blockstream.

As part of the announcement, the American company is extending the list of supported Cryptocurrencies to thousands, with adding hundreds of venues. With this move, ICE is supposedly planning to increase transparency in the field. However, at press time, the Cryptocurrency Data Feed supported 58 digital currencies from various data sources, markets and exchanges around the world. Supported by ICE’s Secure Financial Transaction Infrastructure (SFTI) tool, the service is claimed to confiscate downtime for investors and allow notifications in real-time in case of an emergency. In February, ICE reported that its Cryptocurrency platform Bakkt is scheduled for later in 2019, where the project’s infrastructure has ostensibly already attracted a number of prestigious investors and partners like Starbucks and Microsoft. Additionally, in the same month, ICE divulged its finalization over the first acquisition of assets in futures commission merchant Rosenthal Collins Group, which was first announced in mid-January. With this move, the acquisition would reportedly expand Bakkt’s risk management and treasury operations with systems and expertise and might contribute to Bakkt’s Anti-Money Laundering (AML) and Know Your Customer (KYC) policies.

Intercontinental Stock Exchange (ICE) is an American company which owns exchanges for financial and commodity marketplaces. It operates 12 regulated exchanges and marketplaces, including ICE futures exchanges in the United States, Canada, and Europe, the Liffefutures exchanges in Europe, the New York Stock Exchange equity options exchanges and OTC energy, credit and equity markets.