Nasdaq chooses Pyth Network to distribute TotalView and order imbalance data
Nasdaq said it joined Pyth Data Marketplace as a data publisher and will provide TotalView, making Pyth the first network to distribute Nasdaq market data on-chain.
Nasdaq said it has joined Pyth Data Marketplace as a data publisher and will make its core equity market data product TotalView available through the platform. The move makes Pyth the first network to distribute Nasdaq market data on-chain and follows seven existing institutional participants on the marketplace. The programmable interface is designed to give developers and institutions access to full-depth order book data covering Nasdaq, NYSE and regional listed stocks, as well as the Net Order Imbalance Indicator ahead of opening and closing auctions. The development underscores the growing overlap between traditional market infrastructure and blockchain-based data delivery systems.
- Pyth Data Marketplace: A platform where data publishers distribute market data for use by blockchain-based and institutional applications.
- full-depth order book data: Market data showing orders across multiple price levels, not just the best bid and ask.
- Net Order Imbalance Indicator: A measure of buy and sell imbalance released before auctions to help gauge likely market pressure.