Bolstering the accessibility of digital investment data for institutional investors CCData, a prominent provider of digital investment data and indices, has unveiled its Level 2 (L2) Order Book data on Refinitiv’s Data Platforms, allowing institutional investors to access high-quality, trust digital investment order book data.
The latest information of the development, which deepens the digital investment data field, supplying up to 99.8 percent coverage of the industry with the most exhaustive, detailed liquidity data to date, was shared via a press release.
The L2 Order Book data from CCData is a rich compendium of current buy and sell orders for an investment, strengthening the resources at the disposal of traders, investors, and financial institutions.
The expanded dataset aligns with CCData’s existing services on Refinitiv’s platform, which already include real-time and historical aggregated market data and comprehensive trading data from plenty of licensed exchanges.
CCData’s model differentiates itself by focusing on maximum depth on both the bid and ask sides. In doing so, it states to provide detailed order book snapshots for any integrated exchange.
These snapshots are reportedly constructed once per minute per exchange, offering a continuous stream of data. CCData’s co- founder and CEO Charles Hayter was quoted saying:
We are proud to collaborate with Refinitiv to attract CCData’s market-leading digital investment data to its Workspace platform. Leveraging our expertise in digital investment data and research-backed methodologies, our collaboration represents a unique value proposition that brings trusted and transparent price discovery to market participants.
CCData’s digital investment data solution features an automatic order book calculator. This grants plenty of order book metrics, including slippage, spread, and depth, which are calculated at numerous percentage intervals.
The firm’s aggregate price methodology is according to real-time and historical market data, covering the most liquid digital currency pairs traded on over 300 exchanges. It likewise provides live trading data from 34 exchanges to the Refinitiv platform.
Additionally, CCData offers aggregate and trade level history dating back to 2010. This includes greater than 6,000 coins and over 250,000 cryptocurrency and fiat trading pairs, recorded on a daily, hourly, and minute-by-minute basis.
Featured Image via Pixabay
