Nasdaq is expanding the distribution of its market data on blockchain infrastructure, making one of its flagship stock data products available through the Pyth Network as financial firms increasingly build trading and settlement applications on blockchain rails.
The exchange operator said Tuesday that it will publish its TotalView market data through the Pyth Data Marketplace, a platform that distributes institutional data sets to blockchain networks, financial applications and software developers. The move gives a broader range of users access to one of Nasdaq’s leading market data offerings through a programmable interface rather than traditional market data delivery channels.
TotalView provides comprehensive accounting data, showing buy and sell orders at every price level for securities trading on Nasdaq, including stocks listed on Nasdaq, NYSE and regionally. The product also includes the Nasdaq Net Order Imbalance Indicator, which provides a real-time view of buying and selling imbalances prior to opening and closing auctions.
For Nasdaq, the partnership expands the way its market data reaches customers as financial infrastructure evolves beyond trading terminals and dedicated market data toward cloud-based software and blockchain-powered applications.
