Andrew Reeve, Tullett Prebon Information
Tullett Prebon Information (TPI), a provider of independent real-time price informations, has signed a deal with Brave New Coin (BNC) to distribute its digital currency data.
The data gives TPI customers information on intraday pricing from more than 50 digital currencies - including Bitcoin, Ethereum and Ripples - and traded rates against a variety of traditional currencies.
The agreement allows TPI to distribute BNC's consolidated exchange feed, including the Bitcoin Liquid Index (BLX), to their customer base. This represents the bulk of the exchange traded liquidity for digital instruments, at a time when daily volumes for the digital currency marketplace frequently top US$500 million.
Andrew Reeve, Head of Asia Pacific, Middle East and Africa at Tullett Prebon Information, said: "We are starting to see more acceptance of crypto-currencies, with companies such as Microsoft and Amazon accepting them as payment and we know our customers want to see a consolidated view of the market."
The BNC-BLX methodology was developed by quantitative analysts to provide an index that reflects the bulk of legitimate global volumes, sourced from markets including CNY, USD and EUR bitcoin trading activity. The real-time data screening and indexing methodology is designed to respond to sudden market movements while flagging outlier trades or market manipulation attempts on the index itself.