Chapter 3 of the fund's October stability report puts realized volatility in a $2.3 billion market at approximately 1.5 times higher than on traditional venues, with about 80 percent of trades sized below one share. Those traditional venues absorb between 87 and 99 percent of the overnight price move within five minutes of the opening bell.
Blockchain.com signed a memorandum of understanding to route its users to NYSE's planned digital alternative trading system, a venue that has not opened and still needs regulatory clearance. The companies disclosed no financial terms and no launch date, and the market data leg of the deal is the part that can start now.
