OrBit Markets Partners with Laevitas for Crypto Exotics Data
Posted by Colin Lambert. Last updated: September 23, 2022
OrBit Markets has partnered with crypto data and analytics provider Laevitas, to add price data across a series of exotic options products.
For the initial launch, prices of binary options on Bitcoin, Ethereum, Solana and Avalanche have been made available on Laevitas. The firms say these products are not listed on exchanges but are widely used by institutional investors as an essential instrument for their trading strategies. They add that the pricing of these products, not observable in the market, requires advanced quantitative models to compute.
The collaboration, which combines OrBit’s derivatives expertise and Laevitas’ analytics platform, aims to meet investors’ demand for institutional-grade tools and data to analyse more sophisticated derivatives products.
“We have seen surging interests in exotic and structured derivatives in recent months,” says Caroline Mauron, CEO and co-founder of OrBit. “The bilateral nature of such business can result in a pricing opacity that makes it difficult for some institutions to participate. We are therefore delighted to partner with Laevitas to bring further transparency to this market.”
Hassen Naas, CEO of Laevitas, adds, “The Laevitas team is proud to partner with such an innovative player in the crypto derivatives space. OrBit’s goal to bring transparency and expand the breadth of products is a mission that excites us and we wholeheartedly support.”