Pyth Network to use Auros high frequency on-chain data

• Auros and Pyth Network have partnered to bring high-frequency on-chain data to the blockchain.
• This partnership will help develop a decentralized financial marketplace and provide better financial solutions for consumers.

Auros, a cryptocurrency algorithmic trading and market-making platform, has partnered with Pyth Network to bring high-frequency pricing data to Oracle solutions.

Through this partnership, Pyth Network will receive price data from the Auros real-time high-frequency trading system. The data will be in various cryptocurrencies, the two companies said in a press release. coin journal on tuesday.

Deliver high-fidelity data to the market

Pyth, the market leader in oracle solutions for latency-sensitive financial data, leverages Auros technology to deliver institutional trading activity to multiple blockchain protocols.

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Combining technological innovations that power Auros’ high-frequency trading strategy with a unique partnership-based approach, Auros is redefining liquidity delivery and sustainable growth in the digital asset space.

Pyth (Recruiting!,) (@PythNetwork) September 27, 2022

Auros provides high-fidelity data obtained by combining data from a wide range of sources and filtering for quality and accuracy.

According to the platform, this happens at intervals of less than a second, providing users with reliable price data. The market-making platform integrates over 60 exchanges with a cumulative trading volume of over $1.5 trillion.

Auros is the 70th publisher or provider to join the Pyth Network.

“By sharing high-frequency trading data with a truly on-chain decentralized network, we aim to foster innovation leading to better financial solutions for all participants. We expect the Pyth Network to be an integral part of the future decentralized financial system and we are pleased to partner with him on this mission.said Ben Roth, co-founder and CIO of Auros.

Pyth currently provides aggregated market data for over 90 price feeds, with users spanning FX, cryptocurrencies, stocks and metals. The price feed is also available on the blockchain via Wormhole’s messaging protocol.

The platform has secured a trading volume of over $25 billion.