New Pyth Data Provider: Jane Street

We are thrilled to welcome Jane Street, a premier and dynamic market-making firm, to Pyth Network in order to rewire the current financial infrastructure in a way that is not only faster and more cost-efficient but also fully transparent and making it available to the masses!

Who is Jane Street?

  • Jane Street was founded in 2000 with now a worldwide presence with offices in New York, London, Amsterdam, and Hong Kong.
  • Jane Street is a quantitative trading firm and liquidity provider widely regarded for its proprietary trading models and quantitative computing power that places them at the forefront of market structure in equities, bonds, options, and ETFs globally
  • Starting in late 2017, the firm has started to actively trade crypto assets and continues to do so until the present day.

Proven Track Record:

  • Over 2020, Jane Street has traded more than $17 trillion worth of securities. Specifically, the firm accomplished $4 trillion in traded volume in Equities, while traded $3.9 trillion in volume for ETFs within the year (source: FT).
  • The company is active in over 5,000 ETFs worldwide and we continuously refine our quantitative models and cutting-edge technology to provide order-book liquidity in over 45 countries.
  • As one of the world’s finest market-makers, Jane Street owns more than $15 billion in trading capital and is believed to hold about $50 billion in securities on any given day, much more than many of its rivals (source: FT).

Jane Street will initially contribute its real-time crypto market data to Pyth Network with plans to later expand into equities and other products as the network continues to scale. Ian McGuinn, Head of Crypto Business Development at Jane Street, commented: “Jane Street has been an active participant in the crypto markets, and we are continuously exploring ways to advance the ecosystem. We see the promise of the Pyth Network, with its innovative use of the blockchain to increase transparency, efficiency, and security in financial data. By providing our unique market data on-chain in real-time, we look forward to playing a role in the Pyth Network’s growth.”

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We look forward to further coordinating with amazing partners to establish a digital marketplace of institutional grade, high-fidelity financial data to power any financial dApps regardless of their blockchain base and offer the best data to the world.

You can read more about our partnership with Jane Street in the press release.

Jane Street Website: https://www.janestreet.com/

Pyth Network: https://pyth.network/

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We cannot wait to hear what you think! Feel free to join us on the Pyth Discord server, follow Pyth on Twitter, and Telegram to learn more, and ask any questions you may have.

Previous data providers announcements:

GTS

LMAX

Virtu Financial

BSX

Genesis Global Trading

FTX

CTC

Akuna Capital

IEX Cloud

CMS

CoinShares

Cumberland DRW

XR Trading

Bitso

KGI Securities (Singapore)

Hudson River Trading

Susquehanna

Smarter data for smarter contracts. Pyth is designed to bring real-world data on-chain on a sub-second timescale.