Pyth Pro Redefining Institutional Market Data
The next step in market data, Pyth Network is introducing the next level with Pyth Pro, an institution focused service. Banks, brokers, and trading firms can now get a single source of truth on all types of assets and in all geographic locations, and have a single picture of the world markets. Pyth Pro offers more than 2,000 crypto, equities, futures, ETFs, FX, commodities, fixed income feeds under one subscription.
The platform is all about accuracy and speed Pyth Pro is precise within a 1.4 bps range, with a latency of less than 100ms end toend, and it can find the real price at the source. This system enables institutions to have a dependable data in order to maximize trading, risk management and decision making processes in all markets.
The existing market data ecosystem is shattered. The exchange feeds are restricted to their respective order books, the vendors collect partial data and repackage the data to sell it at a mark-up, and the financial institutions do not feel much value in the data they facilitate creating. The redesign of market data production and distribution eliminates unnecessary intermediaries, introduces transparency, efficiency, and innovation by Pyth Pro.
Pyth Network is a digital first vision of a market data that is easily understandable, verifiable, and whole.
The subscription based model allows both the contributors and the institutions to enjoy the value they produce, whereas the PYTH token allows the incentives, the governance, and the distribution of the revenue of the DAO. Through Pyth Pro, institutional users can now adopt a truly trusted, multi asset market data source, and no longer be limited to DeFi, but can enter the market data sector, which is worth $50B+.
Pyth Pro is not only a tool, but rather a revolution of market data, a tool of reliability, speed and transparency in the backbone of a modern finance.
Organizations are now able to reach international markets effortlessly and make wiser and evidence based decisions.
#PythRoadmap @Pyth Network $PYTH
The platform is all about accuracy and speed Pyth Pro is precise within a 1.4 bps range, with a latency of less than 100ms end toend, and it can find the real price at the source. This system enables institutions to have a dependable data in order to maximize trading, risk management and decision making processes in all markets.
The existing market data ecosystem is shattered. The exchange feeds are restricted to their respective order books, the vendors collect partial data and repackage the data to sell it at a mark-up, and the financial institutions do not feel much value in the data they facilitate creating. The redesign of market data production and distribution eliminates unnecessary intermediaries, introduces transparency, efficiency, and innovation by Pyth Pro.
Pyth Network is a digital first vision of a market data that is easily understandable, verifiable, and whole.
The subscription based model allows both the contributors and the institutions to enjoy the value they produce, whereas the PYTH token allows the incentives, the governance, and the distribution of the revenue of the DAO. Through Pyth Pro, institutional users can now adopt a truly trusted, multi asset market data source, and no longer be limited to DeFi, but can enter the market data sector, which is worth $50B+.
Pyth Pro is not only a tool, but rather a revolution of market data, a tool of reliability, speed and transparency in the backbone of a modern finance.
Organizations are now able to reach international markets effortlessly and make wiser and evidence based decisions.
#PythRoadmap @Pyth Network $PYTH
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
XPL
1.2388
-11.12%
PYTH
0.1493
+5.96%
SNX
1.064
+32.83%