TP ICAP, a provider of information and electronic market infrastrctuure,
has tapped Web3 services provider, Chainlink Labs, to provide
institutional-level forex pricing data to the blockchain
Blockchain
Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe
Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe
Read this Term ecosystem. The company
has also joined the Chainlin Network, both firms announced in a joint statement
on Thursday.
According to the statement, TP ICAP will supply forex data on over 950 currency pairs to Chainlink’s
decentralized oracle networks (DONs) through
its data and analytics division, Parameta Solutions, which was authorized as a benchmark administrator by the UK Financial
Conduct Authority (FCA) last year. A DON is a group of
external third-party services that provides real-world data or financial
information to a blockchain system.
“With this data now available on-chain, Web3 developers can access TP
ICAP’s proprietary foreign exchange market data to build a variety of secure
smart contract applications,” Chainlink noted in the statement, adding that it will supply TP
ICAP’s data to “the widest net of developers possible through aggregated
Chainlink Price Feeds.”
Speaking on the collaboration, Yaser Jazouane, Head of Data Products at
Chainlink Labs, noted that TP ICAP’s forex pricing data on Chainlink will help
to boost the security, accuracy and utility of blockchain applications.
TP ICAP is also an inter-dealer broker that matches buyers and sellers across major financial markets and asset classes including energy and commodities.
The company also provides price discovery, trade execution and liquidity
Liquidity
The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent
The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent
Read this Term flow
services.
However, TP ICAP is making efforts to establish its presence in the
digital asset industry. The company recently registered Fusion Digital Assets, its wholesale
exchange for spot crypto assets, with the UK FCA as a crypto asset exchange
provider. TP ICAP first announced the planned launch of the platform in
June 2021.
Fusion Digital Assets seeks to serve only institutional investor. The platform is
a combination of TP ICAP’s over-the-counter electronic platform, Fusion, Fidelity
Digital AssetsSM’s custodial capabilities and Diversified Liquidity’s anonymous
streamlining liquidity services.
TP ICAP, a provider of information and electronic market infrastrctuure,
has tapped Web3 services provider, Chainlink Labs, to provide
institutional-level forex pricing data to the blockchain
Blockchain
Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe
Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe
Read this Term ecosystem. The company
has also joined the Chainlin Network, both firms announced in a joint statement
on Thursday.
According to the statement, TP ICAP will supply forex data on over 950 currency pairs to Chainlink’s
decentralized oracle networks (DONs) through
its data and analytics division, Parameta Solutions, which was authorized as a benchmark administrator by the UK Financial
Conduct Authority (FCA) last year. A DON is a group of
external third-party services that provides real-world data or financial
information to a blockchain system.
“With this data now available on-chain, Web3 developers can access TP
ICAP’s proprietary foreign exchange market data to build a variety of secure
smart contract applications,” Chainlink noted in the statement, adding that it will supply TP
ICAP’s data to “the widest net of developers possible through aggregated
Chainlink Price Feeds.”
Speaking on the collaboration, Yaser Jazouane, Head of Data Products at
Chainlink Labs, noted that TP ICAP’s forex pricing data on Chainlink will help
to boost the security, accuracy and utility of blockchain applications.
TP ICAP is also an inter-dealer broker that matches buyers and sellers across major financial markets and asset classes including energy and commodities.
The company also provides price discovery, trade execution and liquidity
Liquidity
The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent
The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent
Read this Term flow
services.
However, TP ICAP is making efforts to establish its presence in the
digital asset industry. The company recently registered Fusion Digital Assets, its wholesale
exchange for spot crypto assets, with the UK FCA as a crypto asset exchange
provider. TP ICAP first announced the planned launch of the platform in
June 2021.
Fusion Digital Assets seeks to serve only institutional investor. The platform is
a combination of TP ICAP’s over-the-counter electronic platform, Fusion, Fidelity
Digital AssetsSM’s custodial capabilities and Diversified Liquidity’s anonymous
streamlining liquidity services.
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