HYBSE IM Blockchain Crypto Exchange to Offer Free Feeds, Web Data

The HYBSE International Marketplace, a Mauritius-based digital asset exchange formed by a partnership between exchange and clearing infrastructure provider Mindex, technology vendor Gmex, and the Hybrid Stock Exchange Corp, will provide access to market data from the exchange free of charge, officials say.

The new blockchain-driven market—which will trade tokenized stocks, cryptocurrencies and foreign exchange, commodities, indexes, exchange-traded funds, exchange-traded commodities, and crypto exchange-traded funds—will provide its data in a range of formats: It will make data available via the HYBSE portal and via Gmex’s web-based front end trading interfaces, as well as via FIX Protocol 5.0-format and an “ITCH-like” proprietary binary format datafeeds.

In addition, third-party vendors can also connect to and carry the data, by certifying to HYBSE’s interfaces, based on Gmex’s platform, which major data and trading technology providers have written to in the past, says Hirander Misra, CEO of Gmex and chairman of Mindex.

HYBSE will source reference pricing for cryptocurrency and gold market data from “a variety of sources” to create weighted average index prices that can be used for end-of-day mark-to-market pricing and real-time reference prices, though some data will be proprietary to the exchange, generated by the buying and selling activity of participants, Misra says.

The exchange will operate an internal real-time “reference data matrix” to deliver reference pricing, and will also use this to provide mark-to-market pricing for derivatives contracts in the future, as these are added to the platform.

It will also use the data internally to power the Gmex ForumDetect market surveillance system.