Hudson River Trading, a leading quantitative trading firm with an established presence in global financial and cryptocurrency markets, tannounced that it has joined the Pyth network, a next generation oracle solution designed to bring real-world data on-chain on a sub-second timescale. HRT will provide real-time U.S. equities and crypto pricing data to a node on the Pyth network.
Founded in 2002, HRT employs more than 500 people around the world and implements a quantitative approach to problem solving. The company handles nearly 10% of daily U.S. stock trading volume and will contribute equities and crypto data to the Pyth network.
We are proud to welcome Hudson River Trading, a leading quantitative trading firm with an established presence in global financial and cryptocurrency markets, to the Pyth network in order to build something that can transform our financial markets!https://t.co/gdmnQMNzRS pic.twitter.com/Wiw275uIam
— Pyth (@PythNetwork) August 23, 2021
The Pyth network is built on Solana, a blockchain that can handle 50,000 transactions per second, making it well-suited for timely receipt and distribution of fast-moving data contributed from a diverse network of trusted data providers like HRT. The Pyth network is also designed to be a cross-bridge project working across other leading blockchains to provide seamless, interoperable solutions between platforms.
“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,” said 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 decentralized finance to build something that can transform our financial markets.”
“With their research-oriented and scientific approach to trading financial products, we are delighted to welcome HRT to the Pyth network,” said Michael Cahill, Head of Business Development, Digital Assets, EMEA, of Jump Trading Group. “HRT’s leading market data will help this oracle solution become even more powerful and we look forward to witnessing the impact it will have on decentralized finance and our marketplace.”
Source: Hudson River Trading
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
Pension funds, sovereign wealth funds, endowments and other institutional asset owners are sitting on vast troves of data -- but extracting value from that data is more challenging than ever.
#AssetOwners #DataQuality
Technology costs in asset management have grown disproportionately, but McKinsey research finds the increased spending hasn’t consistently translated into higher productivity.
#AI #Fiance
We're in the FINAL WEEK for the European Women in Finance Awards nominations – don't miss your chance to spotlight the incredible women driving change in finance!
#WomenInFinance #FinanceAwards #FinanceCommunity #EuropeanFinance @WomeninFinanceM
ICYMI: @marketsmedia sat down with EDXM CEO Tony Acuña-Rohter to discuss the launch of EDXM International’s perpetual futures platform in Singapore and what it means for institutional crypto trading.
Read the full interview: https://bit.ly/45xRUWh
Related articles
-
DMI will deliver blockchain-powered scale and efficiencies for the full asset lifecycle.
-
This makes a traditionally hard-to-access market available to crypto-native investors and institutions.
-
Pool tokens allow a range of already tokenised assets to be put together into a new token.
-
Investors can access a tokenized real-world asset structured as a bond for storage service provider BoxDepo.
-
This project in Hong Kong is a milestone for automating fund issuance & lifecycle management.
We're Enhancing Your Experience with Smart Technology
We've updated our Terms & Conditions and Privacy Policy to introduce AI tools that will personalize your content, improve our market analysis, and deliver more relevant insights.These changes take effect on Aug 25, 2025.
Your data remains protected—we're simply using smart technology to serve you better. [Review Full Terms] | [Review Privacy Policy] By continuing to use our services after Aug 25, 2025, you agree to these updates.
