Kalshi launched a real-time order book via DoubleZero Edge, offering live market data for sports and crypto contracts without subscription fees for the first year.
Kalshi Launches Live Data Feed
Kalshi has announced the launch of a real-time order book through its collaboration with DoubleZero Edge, aimed at providing trading firms with access to live data from the prediction market. This service was unveiled on Wednesday and initially focuses on sports contracts and cryptocurrency perpetual futures.
The subscription-based data feed offers both Level 1 data, which includes the best available prices and completed trades, and Level 2 data, which displays various buy and sell orders. This enhanced data access is designed to meet the needs of institutional traders seeking reliable infrastructure.
Andy Ross, Kalshi's Head of Institutional, highlighted the growing presence of top-tier firms in their market, stating, "By making our market data available over DoubleZero Edge, we're meeting them where they are." This partnership emphasizes the belief that improved connectivity leads to better market conditions.
DoubleZero CEO Austin Federa elaborated on the advantages of their delivery system, noting that it simplifies access for firms. Instead of building their own data systems, traders can now subscribe and receive data in a readily usable format, facilitating pricing, hedging, and automated trading.
For the first year, Kalshi will waive its share of subscription fees, with costs primarily covering network delivery rather than data licensing. The specific pricing details have not yet been disclosed. Federa reassured that wider access to this expedited data would enhance competition, benefiting all users on the exchange by leading to tighter spreads and improved pricing.
Conclusion
This integration marks a significant step in bridging traditional finance concepts with the prediction market, as Kalshi aims to optimize market data accessibility for all traders.
