Pyth Network Adds Hudson River Trading, Jane Street
Posted by Colin Lambert. Last updated: August 30, 2021
Two more high speed proprietary trading firms Hudson River Trading (HRT) and Jane Street, have joined several of their peers on the Pyth Network, an on-chain data solution launched with the backing of Jump Trading.
HRT will provide real time crypto and US equities pricing to a node on the network, which is built on Solana, a blockchain that can handle 50,000 tranasctions per second, while Jane Street will be providing crypto data.
“HRT is at the forefront of innovation in the world of automated trading and our teams thrive on the excitement of being at the cutting edge of new technologies and projects,” says Brad Vopni, head of digital assets at HRT. “This is why we were eager to be a part of the Pyth network as we leverage the power of decentralised finance to build something that can transform our financial markets.”
Although Jane Street is starting with crypto data, the firm says it is planning to expand its contribution to equities. “Jane Street has been an active participant in the crypto markets and we are continuously exploring ways to advance the ecosystem,” says Ian McGuinn, head of crypto business development at the firm. “We see the promise of the Pyth newtwork, with its innovative use of the blockchain to increase transparency, efficicnecy and security in financial data.”