Nasdaq will supply its market data to blockchain applications and software platforms through the on-chain financial data network Pyth.
According to a recent report by Cointelegraph, the first service to be applied is Nasdaq’s TotalView order book data service.
TotalView contains displayed buy and sell orders at all price levels and order imbalance data around opening and closing auctions. It shows the full order book more broadly than standard quotes, which professional traders use to gauge liquidity.
Through its marketplace, Pyth supports software applications so they can access primary market data with a single integration. The service targets blockchain applications, digital asset exchanges, prediction markets, trading systems and other software platforms.
Nasdaq will join Pyth’s distribution network through the partnership alongside Euronext, OTC Markets, Tradeweb, Kalshi, Exchange Data International, Singapore Exchange SGX FX and the U.S. Department of Commerce.
Chi-gyu Hwang (황치규)
delight@d-today.co.kr