RATE Group | IPC Taps CME Group’s Cryptocurrency Price Indexes
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IPC Taps CME Group’s Cryptocurrency Price Indexes

13 Oct IPC Taps CME Group’s Cryptocurrency Price Indexes

Posted at 01:00h in Cryptocurrency News by

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IPC Systems, a provider of trading communications solutions to financial services firms, on Friday announced that CME Group’s cryptocurrency pricing reference feeds are now available on the IPC Connexus Cloud.

With this agreement, IPC Systems will offer its clients with access to data related to CME CF Bitcoin Reference Rate, the reference rate used for the settlement of CME’s Bitcoin futures contracts, and Real-Time Index, which represents current bids and offers of market participants to buy or sell Bitcoin.

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The bitcoin products aggregate the trade flow of major spot exchanges during a specific calculation window into a once-a-day, transparent reference rate of the U.S. dollar price of bitcoin.

IPC will also tap CME’s price listing for Ethereum, dubbed the ‘Ether-Dollar Reference Rate.’ The derivatives giant’s real-time index is calculated by Crypto Facilities based on data gathered from Kraken and Bitstamp, which are major cryptocurrency…

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