Nasdaq to Distribute TotalView Stock Quote Data Through Pyth Blockchain Marketplace

Nasdaq will distribute a key stock-market data product through blockchain infrastructure.

The exchange plans to make its TotalView market data available through Pyth Network's data marketplace, CoinDesk reported on June 30.

TotalView is one of Nasdaq's flagship equity-market data products. It provides full order-book data showing buy and sell orders at each price level for securities traded on Nasdaq. The feed also includes data for stocks listed on the New York Stock Exchange and regional exchanges.

It also includes Nasdaq's Net Order Imbalance Indicator, which shows buy and sell imbalances in real time during pre-open and pre-close auctions.

Under the partnership, developers and institutional users will be able to access Nasdaq TotalView data through Pyth's data marketplace. The platform distributes institutional-grade data to blockchain networks, financial applications and software developers.

CoinDesk said the move comes as financial firms increasingly build trading and settlement applications on blockchain-based infrastructure.

For Nasdaq, the arrangement broadens market-data distribution beyond traditional terminals and dedicated data feeds to blockchain-based applications and cloud software environments.

Pyth said developers and institutional users can use TotalView data to analyze market depth, improve execution quality and build quantitative trading models.

Tradeweb, Singapore Exchange, OTC Markets, Kalshi and the U.S. Department of Commerce also provide data through Pyth's data marketplace.