Bitcoin, Ethereum, Ripple: Tullett Prebon Information delivers cryptocurrency price data to markets via Brave New Coin

Tullett Prebon Information, the data division of the global interdealer group, will distribute cryptocurrency data across financial markets, having signed a deal with Australian company, Brave New Coin (BNC).

The deal promises data on intraday pricing for more that 50 digital currencies like Bitcoin, Ethereum and Ripple’s XRP, as well as traded rates against a variety of traditional currencies, said a statement.

Tullett Prebon Information (TPI), supplies real-time price information from the global OTC financial and commodity markets. Cryptocurrency data isn’t OTC market data; it’s gleaned from exchanges. But there are similarities.

Andrew Reeve, head of Asia Pacific, Middle East and Africa at Tullett Prebon Information, said: “Because the liquidity pools are very dispersed, it does kind of operate like an OTC instrument. Prices are very different on each exchange. Whereas if you look at a standard equity, even when there are fragmented liquidity pools between dark pools and whatever, the prices do converge. There’s fragmentation in this market and the prices aren’t converging so much.”

The agreement allows TPI to distribute BNC’s consolidated exchange feed, including the Bitcoin Liquid Index (BLX), to their entire customer base. This represents the bulk of the exchange traded liquidity for

Read more ... source: TheBitcoinNews

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