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Virtu Joins Jump Trading, GTS in Decentralized Finance Push

  • High-frequency traders bring data to masses via blockchain
  • DeFi could revolutionize market structure, Jump CIO Olsen says

Some of the world’s most sophisticated traders are giving everyday investors unprecedented access to their turbocharged data feeds via the blockchain, hoping to get in on the ground floor of a decentralized-finance push that crypto-enthusiasts say will upend conventional banking and markets.

Virtu Financial Inc. said Thursday that it’s joining Pyth, a network that blasts out up-to-the-millisecond price updates on stocks, fiat currencies and cryptocurrencies. The decision to join the platform -- announced in April by Jump Trading Group -- follows a similar move by fellow high-frequency trading firm GTS earlier this month.