How market maker GSR enhanced derivatives-based decision making with Amberdata (now Kaiko)

This customer story originally featured Amberdata. Following Kaiko’s acquisition of Amberdata, Metafide continues to leverage Kaiko’s institutional digital asset data infrastructure.

To learn more about the acquisition, visit https://www.kaiko.com/news/kaiko-acquires-amberdata-in-landmark-digital-asset-data-consolidation

Background

GSR has ten years of digital asset market expertise as a liquidity provider and active, multi-stage investor. Embedded in every major sector of the digital asset ecosystem, GSR works with token issuers, institutional investors, miners, and leading trading venues, offering OTC Trading, Market Making, and Treasury Management. 

THE PROBLEM

With a focus on market-making and providing robust OTC liquidity, GSR required a comprehensive suite of derivatives market analytics to understand market dynamics, inform strategic decisions, and generate trade ideas. 

Motivated by a desire to increase data-driven decision-making across its trading pipeline, GSR wanted to find a platform and data provider that prioritized data quality, breadth of datasets, and ease of use via an extensive UI and scalable API.

THE solution

Given its understanding of market regimes and the differences that can arise between fundamental views and flow-driven dislocations, GSR also wanted to further enhance its visibility into the overall options landscape by overlaying context-driven figures (e.g. GVOL GEX) with its own proprietary metrics, and bolster its suite of analytics. To achieve this, they chose to work with Amberdata (now Kaiko). 

“We were in need of a reliable centralized repository of market analytics and data [for crypto].”

Simran Singh, Portfolio Manager at GSR

The integration of Amberdata (now Kaiko) into GSR’s operations was swift and seamless. The comprehensive API documentation facilitated understanding and utilization of their features, while the responsive support team ensured a smooth transition. GSR also worked with the team’s data developers to integrate that data into their production pipelines, ensuring swift and effective implementation. 

“Once we were onboarded, it was seamless from Day 1.”

Simran Singh, Portfolio Manager at GSR

THE Results

Amberdata (now Kaiko) empowered GSR to conduct systematic signal research and develop data-driven strategies efficiently, while mitigating the risks associated with unreliable data sources, enhancing the accuracy and efficacy of their trading operations. Additionally, GSR also leverages the platform to reference proprietary plots and extract volatility metrics for developing insightful commentary.

“Amberdata offers data in a very elegant, standardized and approachable way… removing the need to wrangle data.”

Simran Singh, Portfolio Manager at GSR

GSR describes its relationship with Amberdata (now Kaiko) as a “valuable collaboration” rather than as a mere data provider. Being able to access advanced traders sitting at the center of the crypto derivatives narrative like Greg Magadini and Euan Sinclair offers insights into market interpretations, facilitates a deeper understanding of vol markets, and enriches GSR’s decision-making process. 

Through its collaboration with Amberdata (now Kaiko), GSR has successfully enhanced its data-driven decision-making processes, developed robust trading strategies, and gained valuable insights into crypto derivatives markets. This seamless integration, comprehensive dataset, and expert support provided by Amberdata (now Kaiko) have positioned GSR for continued success in the dynamic world of cryptocurrency derivatives trading.

“From the ease of use of [Amberdata’s] UI to the quality of the data that existed, to the history and the broader richness of the datasets. No other market data provider in crypto truly has all three.”

Simran Singh, Portfolio Manager at GSR

Learn more about Kaiko’s Derivatives Data or Contact Us to speak to our expert team about your requirements.