dxFeed to Sell On-Chain Data with the Launch of Chainlink Node
- The company will target developers and DApps with the on-chain data sets.

The press release shared with Finance Magnates detailed that dxFeed will target developers and dApps to sell the market data on the blockchain.
Chainlink offers data oracles that Bridge Bridge The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service its clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Metatrader, the world’s most popular trading platform. Bridges can be connecting a broker to a prime of prime or to a prime broker. Connectivity providers are delivering solutions mostly oriented towards the most popular platforms in the market – MetaTrader 4 (MT4) and MT5. The component is another crucial part of proper risk mitigation for the brokerage. The Need for Bridges in Retail TradingGiven the rise of the MT4 and MT5 platforms, there has since arose a need for bridge technology. This is due to the fact that Metaquotes, the company behind MT4, only envisaged their platform being used as a purely an interface client broker trading.This means the broker set the quotes, set the spread, and traded against the client. However, the trader actually had no direct access to the wholesale forex market, yet many brokers were unwilling to let go of MT4 in favor of other platforms which already inherently supported access to the market via Electronic Communications Networks (ECN) due to MT4’s huge popularity and thus potential loss of clients. MetaTrader was not designed to communicate with banks or liquidity providers because Metaquotes didn’t implement the FIX protocol (Financial Information Exchange). The FIX protocol is an electronic communications protocol setup in the early 1990’s to provide worldwide exchange of information in real time with respect to the transactions of financial markets and instruments. As a result, software was developed by third parties to enable MetaTrader to connect traders to the interbank. The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service its clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Metatrader, the world’s most popular trading platform. Bridges can be connecting a broker to a prime of prime or to a prime broker. Connectivity providers are delivering solutions mostly oriented towards the most popular platforms in the market – MetaTrader 4 (MT4) and MT5. The component is another crucial part of proper risk mitigation for the brokerage. The Need for Bridges in Retail TradingGiven the rise of the MT4 and MT5 platforms, there has since arose a need for bridge technology. This is due to the fact that Metaquotes, the company behind MT4, only envisaged their platform being used as a purely an interface client broker trading.This means the broker set the quotes, set the spread, and traded against the client. However, the trader actually had no direct access to the wholesale forex market, yet many brokers were unwilling to let go of MT4 in favor of other platforms which already inherently supported access to the market via Electronic Communications Networks (ECN) due to MT4’s huge popularity and thus potential loss of clients. MetaTrader was not designed to communicate with banks or liquidity providers because Metaquotes didn’t implement the FIX protocol (Financial Information Exchange). The FIX protocol is an electronic communications protocol setup in the early 1990’s to provide worldwide exchange of information in real time with respect to the transactions of financial markets and instruments. As a result, software was developed by third parties to enable MetaTrader to connect traders to the interbank. Read this Term the gap between the traditional financial world and the decade-old blockchain ecosystem. Demand for its services skyrocketed in recent years with the boom in decentralized finance (DeFi).
Commenting on the development, dxFeed Managing Director, Dmitrii Parilov said: “After seeing the exponential growth of the DeFi economy, now was the perfect time to launch our own Chainlink node as a means of directly monetizing our ever-expanding collection of premium data. Chainlink allowed us to quickly expose our API data to smart contract applications, providing us with both a bridge to leading blockchain networks and a way to prove the integrity of our data by signing it at the origin. This ultimately empowers the creation of a next generation of decentralized financial products based directly on high-quality data inputs from top data providers like dxFeed.”
Demand for Data is Going Up
dxFeed is specializing in providing data on equity options, equities, futures, indices, mutual funds and FX from multiple exchanges worldwide. It is a subsidiary of trading technology provider, Devexperts.
With an increase in the demand for market data, dxFeed witnessed a 33 percent increase in its 2020 revenue.
“We’re excited to see the launch of the dxFeed Chainlink node on mainnet, providing smart contract developers with a wide variety of premium financial data across numerous different assets and indicators. This enables the development of many new and exotic DeFi applications, further supporting the provisioning of a new decentralized financial system,” said Daniel Kochis, Head of business development at Chainlink.
The press release shared with Finance Magnates detailed that dxFeed will target developers and dApps to sell the market data on the blockchain.
Chainlink offers data oracles that Bridge Bridge The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service its clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Metatrader, the world’s most popular trading platform. Bridges can be connecting a broker to a prime of prime or to a prime broker. Connectivity providers are delivering solutions mostly oriented towards the most popular platforms in the market – MetaTrader 4 (MT4) and MT5. The component is another crucial part of proper risk mitigation for the brokerage. The Need for Bridges in Retail TradingGiven the rise of the MT4 and MT5 platforms, there has since arose a need for bridge technology. This is due to the fact that Metaquotes, the company behind MT4, only envisaged their platform being used as a purely an interface client broker trading.This means the broker set the quotes, set the spread, and traded against the client. However, the trader actually had no direct access to the wholesale forex market, yet many brokers were unwilling to let go of MT4 in favor of other platforms which already inherently supported access to the market via Electronic Communications Networks (ECN) due to MT4’s huge popularity and thus potential loss of clients. MetaTrader was not designed to communicate with banks or liquidity providers because Metaquotes didn’t implement the FIX protocol (Financial Information Exchange). The FIX protocol is an electronic communications protocol setup in the early 1990’s to provide worldwide exchange of information in real time with respect to the transactions of financial markets and instruments. As a result, software was developed by third parties to enable MetaTrader to connect traders to the interbank. The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service its clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Metatrader, the world’s most popular trading platform. Bridges can be connecting a broker to a prime of prime or to a prime broker. Connectivity providers are delivering solutions mostly oriented towards the most popular platforms in the market – MetaTrader 4 (MT4) and MT5. The component is another crucial part of proper risk mitigation for the brokerage. The Need for Bridges in Retail TradingGiven the rise of the MT4 and MT5 platforms, there has since arose a need for bridge technology. This is due to the fact that Metaquotes, the company behind MT4, only envisaged their platform being used as a purely an interface client broker trading.This means the broker set the quotes, set the spread, and traded against the client. However, the trader actually had no direct access to the wholesale forex market, yet many brokers were unwilling to let go of MT4 in favor of other platforms which already inherently supported access to the market via Electronic Communications Networks (ECN) due to MT4’s huge popularity and thus potential loss of clients. MetaTrader was not designed to communicate with banks or liquidity providers because Metaquotes didn’t implement the FIX protocol (Financial Information Exchange). The FIX protocol is an electronic communications protocol setup in the early 1990’s to provide worldwide exchange of information in real time with respect to the transactions of financial markets and instruments. As a result, software was developed by third parties to enable MetaTrader to connect traders to the interbank. Read this Term the gap between the traditional financial world and the decade-old blockchain ecosystem. Demand for its services skyrocketed in recent years with the boom in decentralized finance (DeFi).
Commenting on the development, dxFeed Managing Director, Dmitrii Parilov said: “After seeing the exponential growth of the DeFi economy, now was the perfect time to launch our own Chainlink node as a means of directly monetizing our ever-expanding collection of premium data. Chainlink allowed us to quickly expose our API data to smart contract applications, providing us with both a bridge to leading blockchain networks and a way to prove the integrity of our data by signing it at the origin. This ultimately empowers the creation of a next generation of decentralized financial products based directly on high-quality data inputs from top data providers like dxFeed.”
Demand for Data is Going Up
dxFeed is specializing in providing data on equity options, equities, futures, indices, mutual funds and FX from multiple exchanges worldwide. It is a subsidiary of trading technology provider, Devexperts.
With an increase in the demand for market data, dxFeed witnessed a 33 percent increase in its 2020 revenue.
“We’re excited to see the launch of the dxFeed Chainlink node on mainnet, providing smart contract developers with a wide variety of premium financial data across numerous different assets and indicators. This enables the development of many new and exotic DeFi applications, further supporting the provisioning of a new decentralized financial system,” said Daniel Kochis, Head of business development at Chainlink.