Market data provider dxFeed is launching a new product that can be useful to parties interested in Bitcoin. The firm is launching data packages for CBOE and CME Group’s Bitcoin futures. The company is also committing to offer data from the NASDAQ NFX once the New York-based exchange deploys its own futures contract to the market.
dxFeed is specialising in providing data on equity options, equities, futures, indices, mutual funds and FX from multiple exchanges worldwide. The company is a daughter company of trading technology provider Devexperts.
Bitcoin Futures will be available in flexible data packages, that can be tailored to the specific needs of clients. The company elaborates that data on quotes, trades, orders, or specific mix can be ordered on demand.
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dxFeed provides market data and Bitcoin futures in a normalized and consolidated plug-and-play format. The company outlines that clients do not need to integrate any additional code into their system to access the data.
Commenting on the news, the CEO of dxFeed, Oleg Solodukhin, said: “It is with great enthusiasm that we release the latest additions to our cryptocurrency data feeds portfolio, delivering to our customers high quality data consolidated across multiple exchanges.”
“We are fully equipped to keep up with global trading venues planning to launch cryptocurrency futures contracts. It is essential for us to offer our clients the real-time financial market data they need so they can benefit from new opportunities,” Mr Solodukhin elaborated.
Bitcoin futures market data can be useful to both brokers and traders. The former can use the feed in order to make a market, or monitor prices for arbitrage opportunities. On their part, institutional traders can use the data to devise advanced trading strategies based on tick-by-tick data.