TP ICAP puts market data of 960+ FX pairs on the blockchain via Chainlink
“Historically, Web3 innovation has been fueled by the introduction of high-quality market data from premium data providers such as TP ICAP. The addition of TP ICAP’s institutional-grade forex pricing data to Chainlink helps enhance the security, accuracy, and utility of blockchain applications.”
TP ICAP, the renowned provider of electronic market infrastructure and information, has joined the Chainlink Network to bring high-quality Forex data to the blockchain ecosystem, with the ability to support more than 960 pairs.
This forex data is being contributed to Chainlink decentralized oracle networks (DONs) by Parameta Solutions, TP ICAP’s data and analytics division, and will support the generation of tamper-resistant oracle reports.
TP ICAP’s Forex pricing available to developers via Chainlink Price Feeds
With over 5 billion data points already delivered to applications across Web3’s most prominent blockchain environments, Chainlink makes TP ICAP’s forex pricing data available to the widest net of developers possible through aggregated Chainlink Price Feeds.
This news is the latest example of TP ICAP’s increased focus on blockchain, following its recent launch of Fusion Digital Assets, a wholesale marketplace for spot crypto assets.
TP ICAP operates at the heart of wholesale OTC and exchange-traded markets. The company is active across all major financial, energy, and commodities asset classes, where brokers match buyers and sellers to improve price discovery, trade execution, and liquidity flow. The firm is also a provider of OTC market data, including live and historical pricing content, and advanced valuation and analytics.
A whole new breed of distributed systems that need access to reliable real-world information
Rhys Spencer, Head of APAC Sales of TP ICAP’s Parameta Solutions, said: “The innovation of blockchains and cryptocurrencies has catalysed a whole new breed of distributed systems that need access to reliable real-world information, and Chainlink is currently the leading oracle service provider for the on-chain ecosystem. Parameta Solutions recognises this global requirement and is well positioned to be part of what could be a generational upgrade to market infrastructure and data solutions.”
Yaser Jazouane, Head of Data Products at Chainlink Labs, said: “Historically, Web3 innovation has been fueled by the introduction of high-quality market data from premium data providers such as TP ICAP. The addition of TP ICAP’s institutional-grade forex pricing data to Chainlink helps enhance the security, accuracy, and utility of blockchain applications.”
Chainlink is a simple and future-proof solution that enables data providers to enter Web3, offering the following features:
Credential Management — Chainlink nodes can securely manage API keys and account logins, leading to a seamless integration.
Blockchain Agnostic — Chainlink is blockchain agnostic, meaning our data can be made available on any current or future blockchain environment.
Widely Adopted — Chainlink is the industry-standard Web3 services platform, offering us access to a vast addressable market of potential data consumers.
Provably Secure — Chainlink is thoroughly audited open-source software designed according to leading academic research, with a proven history of helping secure billions of dollars in value live in production.