Nasdaq is expanding the distribution of its market data into 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 announced Tuesday that it will release its TotalView market data through Pyth Data Marketplace, a platform that distributes institutional data sets to blockchain networks, financial applications and software developers. The move allows a broader range of users to access one of Nasdaq’s premier market data offerings through a programmable interface rather than traditional market data delivery channels.
TotalView provides comprehensive portfolio depth data, showing buy and sell orders at each price level for Nasdaq-traded securities, including Nasdaq-listed, NYSE-listed and regional stocks. The product also includes the Nasdaq Net Order Imbalance Indicator, which provides a real-time view of buy and sell imbalances ahead of opening and closing auctions.
For Nasdaq, the partnership expands how its market data reaches customers as financial infrastructure evolves beyond dedicated trading terminals and market data feeds to cloud-based software and blockchain-based applications.
