Crypto market data provider Kaiko has announced a deal to provide crypto market date to Deutsche Börse Group, the operator of the Frankfurt Stock Exchange.
Kaiko collects tick-level data from centralized and decentralized crypto exchanges, for both spot and derivatives trades. Tick-level data is the most granular trade data available and enables high frequency trading strategies as well as compliance and risk management.
Clients and market members of Deutsche Börse, such as asset managers, banks, high frequency traders and market makers will be able access to Kaiko’s data from the fourth quarter of 2022, according to a statement on Tuesday.
Kaiko CEO Ambre Soubiran, who spent eight years working in strategic equity derivatives at HSBC before founding the company in 2017, said: “Kaiko is thrilled to partner with Deutsche Börse Group for the redistribution of high quality and auditable digital assets market data.” She went on to say that working with established institutions like Deutsche Börse is essential to making crypto market data accessible to financial institutions.
Alireza Dorfard, head of market data plus services at Deutsche Börse, echoed these comments and noted consolidated data from centralized and decentralized exchanges was useful for crypto investment strategies.