TP-ICAP delivers high quality Forex data to blockchains through Chainlink

SAN FRANCISCO, 9 February 2023 /PRNewswire/ — TP ICAP, a leading provider of electronic market infrastructure and information, and Chainlink Labs, the leading Web3 services platform, announced today that TP ICAP has joined Chain link Network to bring high-quality currency data to the blockchain ecosystem, with the ability to support 960+ pairs. This forex data is contributed to the Chainlink decentralized oracle network (DONs) by Parameta solutionsTP ICAP’s data and analysis department, and will support the generation of tamper-proof oracle reports.

With this data now available on-chain, Web3 developers can access TP ICAP’s proprietary currency market data to build a variety of secure smart contract applications. This news is the latest example of TP ICAP’s increased focus on blockchain, following the recent launch of Fusion Digital Assetsa wholesale marketplace for spot cryptoassets.

By using Chainlink to deliver a wide range of currency price data, TP ICAP can expand its coverage and provide the Web3 ecosystem with the basic building blocks it needs to create robust and decentralized financial market infrastructure. With over 5 billion data points already delivered to applications across Web3’s most prominent blockchain environments, Chainlink TP makes ICAP’s currency price data available to the widest possible network of developers through aggregated Chainlink price feeds.

Chainlink is a simple and future-proof solution that enables data providers to enter Web3 and offers the following features:

• Credential management — Chainlink nodes can securely manage API keys and account logins, leading to seamless integration.
• Blockchain Agnostic — Chainlink is blockchain agnostic, meaning our data can be made available in any current or future blockchain environment.
• Generally accepted — Chainlink is the industry standard Web3 service platform, which gives us access to a large addressable market of potential data consumers.
• Probably safe — Chainlink is thoroughly audited open source software designed according to leading academic research, with a proven track record of securing billions of dollars in value live in production.

“Historically, Web3 innovation has been driven by the introduction of high-quality market data from premium data providers such as TP ICAP,” said Yaser Jazouane, Head of Data Products at Chainlink Labs. “The addition of TP ICAP’s institutional-grade forex price data to Chainlink helps improve the security, accuracy and utility of blockchain applications.”

“The innovation of blockchains and cryptocurrencies has catalyzed a whole new type of distributed systems that need access to reliable real-world information, and Chainlink is currently the leading oracle service provider for the on-chain ecosystem,” said Rhys Spencer, head of APAC sales for Parameta Solutions. “Parameta Solutions recognizes this global requirement and is well positioned to be part of what could be a generational upgrade to market infrastructure and data solutions.”

About Chainlink
Chainlink is the industry standard Web3 service platform that has enabled trillions of dollars in transaction volume across DeFi, insurance, gaming, NFTs and other major industries. As the leading decentralized oracle network, Chainlink enables developers to build feature-rich Web3 applications with seamless access to real-world data and off-chain computations across all blockchains, providing global enterprises with a universal gateway to all blockchains.

Learn more about Chainlink by visiting chain.link or read the developer documentation at docs.chain.link. To discuss an integration, contact an expert.

About TP ICAP
TP ICAP operates at the heart of the wholesale OTC and exchange-traded markets.
We are active across all major asset classes in financials, energy and commodities, where our brokers match buyers and sellers to improve price discovery, trade execution and liquidity flow. We are also a world-leading provider of OTC market data – including live and historical price content – ​​and advanced valuation and analytics.

SOURCE Chainlink