In brief
- Kalshi’s live order book is now available through DoubleZero Edge.
- The initial feed covers sports contracts and crypto perpetual futures.
- Kalshi will waive its share of subscription fees for the first year.
Kalshi is distributing its real-time order book data through DoubleZero Edge, allowing trading firms to access the prediction market’s live data over DoubleZero’s fiber network, the companies announced Wednesday.
According to the announcement by the DoubleZero Foundation and Kalshi, the subscription feed initially covers Kalshi’s sports event contracts and crypto perpetual futures. It includes Level 1 data, which shows the best available prices and completed trades, and Level 2 data, which shows buy and sell orders across multiple price levels.
For Kalshi, the deal with DoubleZero is based on the notion that better markets are built on better connectivity.
“The firms participating on Kalshi today are increasingly the same top-tier names as those in traditional markets. They're looking for institutional-grade infrastructure everywhere they trade,” Head of Institutional at Kalshi, Andy Ross, said in a statement. “By making our market data available over DoubleZero Edge, we're meeting them where they are."
DoubleZero CEO Austin Federa said the difference comes down to how the data is delivered.
“The practical difference is who has to build things. Previously, a firm wanting a production-grade view of the book built it,” Federa told Decrypt. “Now it’s a subscription: buy access, run one install command, and the data arrives in a format software can consume directly.”
DoubleZero Edge uses a multicast system that sends the same machine-readable data to connected traders simultaneously. The new feed provides formatted data that firms can use for pricing, hedging and automated trading.
