Nasdaq is expanding the distribution of its market data by making the TotalView feed available through the Pyth Data Marketplace. The move gives blockchain networks, financial applications and software developers another route to access data supplied by the exchange operator.
The integration matters because financial companies are increasingly building applications on blockchain rails. Providing established exchange data through programmable infrastructure could help those applications connect traditional market information with onchain systems.
TotalView offers depth-of-book information, showing orders across multiple price levels, as well as order-imbalance data associated with Nasdaq’s opening and closing crosses. The product has traditionally been delivered through direct feeds, data providers and Nasdaq’s Data Link API.
Pyth’s marketplace is designed to let institutions distribute proprietary datasets while retaining control over attribution, access terms and pricing. Its existing publishers span exchange, foreign-exchange, reference-data and trading-market companies.
Nasdaq’s participation highlights the growing overlap between traditional financial infrastructure and blockchain-based data delivery. The development concerns distribution rather than the creation of a new trading venue or tokenized security.