The exchange operator is set to make its TotalView data feed available through Pyth’s marketplace, reflecting a growing shift as financial firms build applications on blockchain-based infrastructure.
Nasdaq is extending the distribution of its market data into blockchain ecosystems by offering one of its flagship equity data products via the Pyth Network. The move comes as trading and settlement systems increasingly migrate to blockchain rails.
On Tuesday, Nasdaq said it will publish its TotalView market data on the Pyth Data Marketplace, a platform that delivers institutional-grade datasets to blockchain networks, financial platforms, and developers. This approach enables a wider audience to access one of Nasdaq’s core data products through a programmable interface, rather than relying on traditional delivery methods.
TotalView provides comprehensive depth-of-book data, displaying buy and sell orders across all price levels for securities traded on Nasdaq, including listings from Nasdaq, NYSE, and regional exchanges. It also includes Nasdaq’s Net Order Imbalance Indicator, offering real-time insight into supply and demand imbalances ahead of opening and closing auctions.
The partnership allows Nasdaq to expand how its data reaches users as financial infrastructure shifts from conventional trading terminals and dedicated feeds toward cloud-based systems and blockchain-powered applications.
The move underscores a broader trend among traditional financial institutions aiming to align market infrastructure with tokenized assets and onchain financial services. Nasdaq joins a growing group of organizations contributing data to the Pyth Data Marketplace, including Tradeweb, SGX, OTC Markets, Kalshi, and the U.S. Department of Commerce.
Pyth noted that both developers and institutional participants will be able to use TotalView data to evaluate market depth, optimize trade execution, and build quantitative trading models.
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