Market-making startup Auros joins the Pyth Network for real-time, high-frequency trading

The Pyth NetworkPyth Network and the Algorithmic Trading and Market-making Tech startup Auros have partnered with the Pyth NetworkPyth Network to deliver real-time, high-frequency data on-chain. Pyth, built on Solana, is a next-generation oracle platform that delivers real-time on-chain market data. It is designed to provide reliable market data to decentralization applications.

Pyth will receive pricing data for a range of cryptocurrencies derived from Auros' advanced high-frequency trading system. Pyth is bringing more institutional trading activity onchain through a network of over 70 data providers, as the leading oracle market data solution for latency sensitive financial data. Pyth, a Jump-backed oracle, is getting a lot of traction after launching on Aptos.

Auros is thrilled to be joining the Pyth NetworkPyth Network to provide reliable, high fidelity data for all, according to co-founder and CEO Ben Roth. By sharing high-frequency trading data with a true onchain network, we aim to foster innovation that will lead to better financial solutions for all participants. We think the Pyth NetworkPyth Network will become an invaluable part of a future decentralized financial system and are delighted to be partnered with them on this mission. Stephen Kaminsky, Special Projects at Jump Crypto, one of the leading institutions contributing to Pyth, commented: Pyth has attracted the most sophisticated trading firms in both traditional and digital asset markets, so it is no surprise to see another premier high-frequency market maker join the Pyth community. Auros price data will enable more projects and protocols in DeFi and Web 3. Auros combines a large variety of source data with filters for quality and accuracy at sub-second intervals to make sure pricing is quick to respond to market changes. This data underpins all of the firm's core products, from the provision of sustainable liquidity for partner projects to its high-frequency trading and arbitrage business. Auros has integrated with more than 60 exchanges, both centralized and decentralized, commanding a sizable share of daily global volume while accruing a cumulative trading volume of over 1.5 trillion.

Pyth aggregates and publishes data at sub-second speeds for more than 90 price feeds across the world's largest coin, the FX and Metals, available via the Wormhole messaging protocol. Pyth has secured over $25 billion of total traded volume since it was founded, and continues to expand its footprint.

Auros was founded in 2019 and is an algorithmic trading and market-making firm with over 20 years of experience. It generates daily notional turnover in billions of dollars. Auros has been a significant part of the global criptocurrency volume since its inception three years ago.

Auros' technological heritage combines sophisticated pricing models and state-of-the-art execution capabilities to deliver robust and reliable trading performance. They have quickly established themselves as a go-to market maker for token projects because of their partnership-based approach to external liquidity provision. Auros also has deep expertise in structured product trading, DeFi optimization, and liquidity-led investments.

The Pyth NetworkPyth Network is a specialized oracle solution for latency sensitive financial data that is typically kept behind the walled gardens of centralized institutions. Pyth is focused on finding a new and cheap way to bring this unique data onchain and aggregating it securely. The Pyth Data AssociationPyth Data Association is run by a board of directors elected by members of the Pyth NetworkPyth Network and is responsible for the operation of the Pyth NetworkPyth Network.