Auros, a leader in algorithmic trading and market making, has announced a partnership with the Pyth Network. The collaboration will facilitate the transmission of high-frequency data in real-time. With Auros’ sophisticated high-frequency trading system as the source, Pyth will have access to pricing data for a variety of cryptocurrencies.
The partnership leverages the best of Auros and Pyth
This collaboration between companies is intentional and designed to play to each party’s strengths. Pyth’s network of over 70 data providers makes it the top oracle solution for latency-sensitive financial data and facilitates increased institutional trading on-chain. On the other hand, Auros integrates with more than 60 different exchanges, including both controlled and decentralized markets. Collectively, these markets do more than $1.5 trillion in daily trade, giving them a significant portion of the worldwide market.
The addition of Auros’s premium pricing data will strengthen Pyth’s ability to supply aggregated data to multiple blockchains. Auros hopes that by making its high-frequency trading data available to a decentralized, on-chain ecosystem, it can encourage the development of innovative approaches to user finance that will ultimately benefit everyone.
To make pricing highly responsive to market changes, Auros aggregates a wide range of source data, filters it for quality and accuracy at sub-second intervals, and then updates prices. All of the company’s core offerings, from providing long-term liquidity for joint ventures to high-frequency trading and arbitrage, use this information.
Financial data that cannot bear even a few milliseconds of latency is normally guarded by “walled gardens” at large financial institutions, but the Pyth Network provides an alternative. Pyth aggregates and publishes more than 90 price feeds for cryptocurrencies, equities, foreign exchange, and metals at sub-second rates, making this information accessible across blockchains through the Wormhole communications protocol. The company has grown substantially since its beginnings, now handling over $25 billion in trading volume.