Nasdaq chooses Pyth to distribute market data, putting TotalView depth order book data on-chain

Nasdaq announced the selection of Pyth Network as its market data distribution channel, bringing its core product Nasdaq TotalView depth market data and order imbalance data to on-chain and institutional-grade data networks.

According to the announcement, Nasdaq will act as a data publisher connecting to the Pyth Data Marketplace, allowing its market data to be distributed through a single interface to on-chain protocols, institutional systems, and various software-based financial applications. This marks the first time Pyth has hosted native market data distribution from a mainstream exchange.

Nasdaq TotalView is its standard depth market data product, covering complete order book information, displaying the order depth at each price level and the behavior of market participants, while also providing order imbalance data during the opening and closing auction phases.