Nasdaq Selects Pyth for Data Distribution

One of the most recognized names in global finance is now distributing its market data through the Pyth Data Marketplace.

Nasdaq is joining the Pyth Data Marketplace as a data publisher. The exchange behind the opening bell, the MarketSite tower in Times Square, and many of the largest companies in the world is making its market data available through Pyth, starting with Nasdaq TotalView.

Pyth is the first onchain network to distribute Nasdaq's market data.

A name the whole market knows

There are only a handful of exchange brands that everyone in finance recognizes on sight. Nasdaq is one of them. It is the second-largest US equities exchange and the listing home to Apple, Microsoft, Nvidia, Amazon, and many of the most valuable companies in the world.

For Nasdaq, the Marketplace is about reach. The exchange wants its data in more hands: more users, more protocols, across both onchain and offchain markets. And Pyth is the entryway. Through a single integration, the Marketplace carries Nasdaq's data into destinations its traditional distribution was never built to serve, sourced straight from the exchange.

Why this matters now

Market data has long reached its users through terminals and direct exchange connections built for people sitting in front of screens. That is no longer how most of it is consumed.

Today, market data is read by software: trading systems, fintech platforms, prediction markets, and digital asset exchanges that need it machine-readable, programmable, and easy to integrate. The destinations have changed, and distribution has to change with them.

The Pyth Data Marketplace is built for that shift. It gives first-party data providers a direct channel to software-native destinations, on their own terms, with attribution and control intact. Nasdaq publishing TotalView through Pyth is that model in action.

"Nasdaq is one of the names the entire market recognizes. When an exchange like that decides where to distribute its data, it tells you where institutional data is heading. For decades that data lived inside terminals built for people. Today's markets are increasingly powered by software, and the data is moving to where applications are actually being built, sourced straight from the venue, on neutral terms." — Mike Cahill, CEO of Douro Labs and Contributor to Pyth Network

What Nasdaq brings

Nasdaq TotalView is the standard Nasdaq feed for serious traders. It shows the full depth of the order book, every order at every price level with attribution to specific market participants, along with order imbalance data around the Opening and Closing Crosses. Now it is available through the Marketplace.

A dedicated piece on what TotalView adds, and how builders can put it to work, is coming next.

The House of All Financial Data

Pyth is building the house of all financial data, and the Marketplace is the room Nasdaq just moved into.

It is one of three. Pyth Pro is the institutional subscription that delivers every asset class through a single integration. The Pyth Data Marketplace is where institutions distribute their own data directly to the applications that need it. And Pyth Indices are proprietary, around-the-clock indices for markets that no longer stop at the closing bell. One house, built to source the price of everything.

Inside the Marketplace, Nasdaq joins a publisher set that already includes the US Department of Commerce, Kalshi, Euronext, Exchange Data International, OTC Markets, SGX FX, and Tradeweb. With one of the most established exchange brands on the planet now publishing, the Pyth Data Marketplace grows toward becoming the most complete financial data layer in the world.

The most trusted names in markets, in one house, distributing where data is needed. The question now is who's next.