Cboe becomes first major global exchange operator on DeFi data platform, Pyth Network

Rick Steves

“Our participation in the Pyth network will provide another avenue to broaden customer access to our data, and aligns with our strategy to deliver market data to investors around the globe based on how they want to consume their data, whether through direct connectivity methods, the cloud or the blockchain.”

Cboe Global Markets has joined the Pyth network in a milestone for the decentralized financial market data distribution platform for aggregated data.

Pyth Network provides a first-party financial oracle network designed to publish continuous real-world data on-chain in a tamper-resistant, decentralized, and self-sustainable environment.

This is a special moment for the Solana-powered network that already includes more than 70 prominent financial market participants as data publishers for various asset classes, and delivers premium, real-world data on-chain on a sub-second timescal

Cboe is the first major global exchange operator to join the Pyth Network and plans to begin publishing limited derived equities market data for certain symbols from one of its four U.S. equities exchanges to the Pyth network in Q4 2022.

The real-time, derived market data from Cboe will serve the global DeFi community, starting with 10 symbols from one of its four U.S. equities markets.

Cboe doubles down on DeFi after rebranding ErisX to Cboe Digital

Cboe is increasingly committed to help grow and mature the digital asset market by bringing its global infrastructure, market expertise and data capabilities to the space. The company has recently equired Eris Digital Holdings, LLC (ErisX), an operator of a U.S.-based digital asset spot market, a regulated futures exchange and a regulated clearinghouse.

The acquisition of ErisX was Cboe’s way to enter digital asset spot, data and derivatives markets, including clearing and settlement. ErisX was officially rebranded as Cboe Digital on October 3.

Cboe’s U.S. equities market data is currently available on-premise in Cboe’s primary and secondary data centers in Secaucus, New Jersey and Chicago, Illinois and in applicable Cboe Point of Presence (“PoP”) locations, as well as via Cboe Global Cloud, a cloud-based data streaming service, with various secure connectivity options.

DeFi and the future of financial markets

Catherine Clay, Executive Vice President, Data and Access Solutions at Cboe Global Markets, said: “We believe DeFi has the potential to play an important role in defining the future of our financial markets and we are excited to help support its growth through innovative initiatives like the Pyth network. As Cboe expands its presence in the digital asset space, we look forward to bringing the data solutions from our deep and liquid markets to the global DeFi community and working with our industry peers to transform the digital asset ecosystem and strengthen how financial data is used on the blockchain.”

Adam Inzirillo, Senior Vice President and Head of North American Equities at Cboe Global Markets, commented: “Cboe’s U.S. equities markets are among the largest and most liquid in the world and provide trusted and accurate data that market participants rely on to make critical trading decisions. Our participation in the Pyth network will provide another avenue to broaden customer access to our data, and aligns with our strategy to deliver market data to investors around the globe based on how they want to consume their data, whether through direct connectivity methods, the cloud or the blockchain.”

Stephen Kaminsky, Special Projects at Jump Crypto, added: “The Pyth network provides real-time and reliable price data, through a fully decentralized mechanism, by directly sourcing from some of the world’s most important financial institutions, and we are thrilled to count Cboe as our first major global exchange provider. As one of the largest global market infrastructure providers in the world, Cboe will provide robust, high-quality derived data that will help the Pyth network further enhance and scale its offerings for DeFi consumers.”

Read this next

Metaverse Gaming NFT

DCentral Miami brings together all of Web3, NFT, DeFi, Metaverse

The world’s biggest Web3 meeting entitled DCENTRAL Miami is set to take place November 28-29, featuring a lineup of some of the biggest and most influential names in the blockchain space.

Digital Assets

Crypto ban expands across UK banks as Starling joins ‎crackdown

UK digital bank Starling has banned ‎all customer payments related to cryptocurrencies, another blow for the crypto traders ‎who recently saw a sizable number of banks deciding not to ‎finance the wobbly asset class.‎


Markets Direct at FIA EXPO 2022: Traders know what they want from brokers

The FIA Expo 2022, one of the most prestigious events within the global derivatives trading industry, took place in Chicago on 14 & 15 November.


FIA Expo 2022: TNS addresses public cloud limitations with hybrid infrastructure

November is the month of the FIA Expo, one of the largest futures and options conferences in the world, bringing together regulators, exchanges, software vendors, and brokers in one place: the Sheraton Grand Chicago Riverwalk. 

Retail FX

Italy’s regulator blacks out Finance CapitalFX, MFCapitalFX

Italy’s Commissione Nazionale per le Società e la Borsa (CONSOB) has shut down new websites in an ongoing clampdown against firms it accuses of illegally promoting investment products in the country.

Retail FX

Suspected leader of Honk Kong ramp-and-dump scam appears in court

A leader of a sophisticated ramp-and-dump scheme made his first court appearance in a Hong Kong court today, charged with market manipulation and various criminal offences. The case stems from an earlier joint operation of Hong Kong’s financial watchdog, the Securities and Futures Commission (SFC), and the local police. 

Institutional FX

Cboe’s James Arrante discusses growing demand for fixed income, FX algo

We caught up with James Arrante, senior director of FX & US treasuries product and business management at Cboe Global Markets, to uncover emerging trends in the FX and fixed income markets and learn more about the bourse operator’s recent initiatives.

Retail FX

Eurotrader acquires UK broker Petra Asset Management

Eurotrader Group has formally entered into the UK market with the acquisition of FCA-regulated broker, previously named Petra Asset Management Ltd. The new entity operates under the brand name Eurotrade Capital Ltd.

Inside View, Retail FX

The Game of Chess Continues – OPEC, China and the Oil Market

Over the past decade, the US has been complaining about the amount of power which the BRIC group, and specifically China, has on the global economy. BRIC stands for Brazil, Russia, India and China; these were the world’s fastest growing economies. Only in the past 10 months, the US has turned their attention toward OPEC due to the prices of fuel. Nevertheless, China seems to have a strong influence even over the price of crude oil.