The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Data Marketplace IOWArocks adds Digital Asset Data from CryptoCompare as Institutional Demand Grows

London-based IOWArocks, the financial data marketplace launched by MDX Technology in 2019, has added CryptoCompare to its growing list of data providers.

The demand for real-time, high-quality digital asset data is clearly growing, particularly among financial institutions. Earlier this month, the market capitalisation of the global cryptocurrency market hit $2 trillion for the first time, with an increasing number of investment banks now exploring the digital asset and cryptocurrency space.

The IOWArocks data marketplace offers a single destination for accessing a wide range of market data and alternative data sources. Under the new arrangement, customers will be able to access CryptoCompare’s comprehensive dataset of over 5,000 coins and 250,000 digital asset pairs from more that 250 exchanges worldwide.

James Harris, Commercial Director at CryptoCompare, says the company is now going through a discovery process with IOWArocks’ clients, to see exactly what sort of granularity of data they want. “We’ve created a bespoke package specifically for the IOWArocks data marketplace, so that we can get institutional clients up and running and see what they like, and then customise further from our suite of data offerings to suit their needs,” he says.

The IOWArocks marketplace is powered by Connect, the technology platform provided by IOWAtech (formerly MDX Technology). “The marketplace is designed specifically to cater for the needs of a wide spectrum of use cases, from Tier One global investment banks, all the way down to individual day traders,” says Paul Watmough, IOWArocks CEO & Co-Founder. “And we have a broad and unique set of APIs, to serve any customer across that spectrum. That means we can deliver CryptoCompare’s data into whatever format the end consumer wants, including direct into Excel.

“There’s a convergence of different disciplines that have come together to make all of this possible,” says Watmough. “The adoption of cloud, and the reliability of the public internet as a streaming price delivery mechanism, have converged nicely with our technology evolution, so that we’re able to reliably deliver real-time data with near no additional latency.”

“IOWArocks has all kinds of clients that are now adopting this asset class,” says Harris. “And they’re a great team to work with. They’re innovative, and they’re trying to level the playing field with the incumbent data providers, who create lots of friction around data consumption. We can help with that.”

Related content

WEBINAR

Recorded Webinar: Market data management, licensing and administration in the post-Covid environment

Market data administration has always been a challenge. For many firms, keeping tabs on permissioning and entitlements, compliance with licensing agreements, and reconciling all that with increasingly complex invoices requires a significant dedicated resource with a clear understanding of the issues involved. As if that weren’t enough, things got more challenging for these teams in...

BLOG

Exegy and Vela Merge to Create Market Data and Execution Technology Powerhouse

Exegy, a provider of hardware accelerated solutions for market data and predictive analytics, and Vela, a market data and execution technology provider, have announced the merger of their business operations in an agreement backed by Marlin Equity Partners, a global investment firm with over $7.5 billion of capital commitments under management. Commercial terms of the...

EVENT

TradingTech Summit Virtual

TradingTech Summit (TTS) Virtual will look at how trading technology operations can capitalise on recent disruption and leverage technology to find efficiencies in the new normal environment. The crisis has highlighted that the future is digital and cloud based, and the ability to innovate faster and at scale has become critical. As we move into recovery and ‘business as usual’, what changes and technology innovations should the industry adopt to simplify operations and to support speed, agility and flexibility in trading operations.

GUIDE

Regulatory Data Handbook 2018/2019 – Sixth Edition

In a testament to the enduring popularity of the A-Team Regulatory Data Handbook, we are delighted to publish a sixth edition for 2018-19 of our comprehensive guide to all the regulations and rules that might impact data and data management at your institution. As in previous editions of the Regulatory Data Handbook, we have updated...