IPC Systems Expands its Data Services, Integrates ICE Crypto Data Feed to IPC Connexus Cloud
IPC Systems is now set to leverage ICE crypto pricing data to increase the information scope of its clients. The financial solutions provider made this announcement indicating that feeds from ICE will be projected on the network’s Connexus Cloud.
This move places IPC Systems at a better position than earlier; the firm will now cater for data provision with stats gathered from over 60 crypto coins and multiple digital currency markets. Crypto investors of all sorts can now access IPC and view prices related to exchanges such as OKCoin, Huobi, Coinfloor, Bitstamp, BitMEX, Bitfinex amongst other crypto coin exchanges.
The ICE data on crypto assets cover a wide range of statistics that may be of value to prospective investors. One of its notable features is the real-time and historical data feeds which are complemented by timestamps, currencies, prices, and quantities. Today, this is one of the niches within the crypto market especially with institutions searching for summarized and accurate information about digital currencies.
Digital Currencies Legitimacy as a Financial Instrument
Clients that are currently or plan to use the IPC Connexus Cloud have access to a variety of products for pricing crypto. IPC offers a Real-Time Index, CME CF Ether-Dollar Reference Rate and the CME CF Bitcoin Reference Rate. Corporations looking to invest in the crypto market can easily leverage these tools to analyze information. One way is to use the spot price index or standardized rate of reference by the dealers contributing to market liquidity.
The IPC platform has served to increase crypto market liquidity so far. This ecosystem links buyers and sellers through the IPC Connexus Cloud in over 50 countries today. Mike Smith, IPC’s Director of Global Exchange is optimistic about the move especially with the growing fundamentals in the crypto arena;
“the cryptocurrency market continues to make inroads with global investors, who rely on timely and robust pricing data to help with their critical investment decisions. With the vast ICE Cryptocurrency Data Feed now accessible by Connexus Cloud users, we continue to bring customers the vital information needed in this emerging and growing market.”