Auros to Provide High-Frequency Pricing Data on the Pyth Network – crypto.news
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Auros and Pyth have entered into a partnership agreement, the purpose of which is to give the former the opportunity to utilize the latter’s specialized oracle solution for latency-sensitive financial data to deliver pricing information for several cryptocurrencies to the Pyth network.
Bringing high frequency data to the crypto market
Auros, a Hong Kong-based algorithmic trading and market-making company, has joined forces with Pyth Network, a specialized oracle solution for latency-sensitive financial data, to bring real-time, high-frequency data to the crypto market.
according to a press release shared with crypto.newsthe partnership enables the Pyth Network to receive pricing data for a wide range of cryptocurrencies, driven by Auros’ advanced high-frequency trading system.
Pyth says it aims to use its expertise as a leading oracle solution for latency-sensitive financial data to bring more institutional trading on-chain through a network of more than 70 data providers, further enhanced by Auros’ best-in-class Pricing data. Pyth’s ability to provide aggregated data for multiple blockchain networks.
Quality and accurate data
Commenting on the partnership, Ben Roh, co-founder and CIO of Auros, said:
“Auros is excited to join the Pyth network to share reliable, high-quality data for everyone. By sharing our high-frequency trading data with a truly on-chain decentralized network, we aim to foster innovation that leads to better financial solutions for all participants. We expect the Pyth network to become an inevitable part of the future decentralized financial system , and we are delighted to partner with them on this mission.
Auros is an algorithmic trading and market making company founded by derivatives traders and trading system architects with over 20 years of experience, generating billions of dollars in turnover every day.
Auros claims to aggregate a wide variety of source data and then filter it based on quality and accuracy every less than a second to provide users with lightning-fast pricing that responds to market changes. Auros focuses on providing its partner projects with sustainable liquidity, fast trading and much more.
Auros is integrated with more than 60 centralized and decentralized exchanges that control a significant share of the daily global volume and raise a cumulative total of more than $1.5 trillion.
Auros says its technological heritage combines advanced pricing models with state-of-the-art order execution capabilities to ensure robust and reliable trading.
Pyth aggregates and publishes data in less than a second for over 90 price feeds on crypto, stocks, currencies and metals. This information is available on blockchain networks through the Wormhole communication protocol. Since its launch, Pyth claims to have received more than $25 billion in total trading volume, and the project continues to expand its footprint in the financial markets.
Stephen Kaminsky, Special Projects at Jump Crypto, one of the leading institutions participating in Pyth, said:
“Pyth has attracted the most sophisticated trading firms in both the traditional and digital asset markets, so it is no surprise to see another leading high-frequency market maker join the Pyth community. Auros’ price data will undoubtedly help boost DeFi and Web3 projects and protocols.”
According to Pyth, its primary goal is to find a new and cost-effective way to bring latency-sensitive financial data into the chain and assemble them securely.