Nasdaq Expands Market Data Distribution into Blockchain Infrastructure

Nasdaq is expanding its market data distribution into blockchain infrastructure by partnering with Pyth Network. The exchange operator will offer its TotalView full depth-of-book equity market data via the Pyth Data Marketplace, which distributes institutional datasets to blockchain networks and financial applications.

TotalView provides real-time buy and sell order information for securities trading on Nasdaq, including those listed on NYSE and regional exchanges. This partnership allows a wider range of users to access this data through a programmable interface rather than traditional market data delivery channels.

The move reflects the growing trend among financial institutions to make market infrastructure compatible with tokenized assets and onchain financial services. Pyth said developers and institutional users will be able to use TotalView data to analyze market depth, improve trade execution, and build quantitative trading models.