Nasdaq chose Pyth to distribute market data and put TotalView's deep order book data on the chain

Comparatively, Nasdaq announced that it has selected Pyth Network as its market data distribution channel to introduce in-depth market and order imbalance data for its core product, Nasdaq TotalView, into on-chain and institutional-level data networks.

According to the announcement, Nasdaq will access the Pyth Data Marketplace as a data publisher, so that its market data can be distributed to on-chain protocols, institutional systems and various software-based financial applications through a single interface. This is the first time Pyth has hosted native market data distribution from a major exchange.

Nasdaq TotalView is its standard in-depth market data product, covering complete order book information. It can show the depth of pending orders and the behavior of market participants at each price level, and also provides order imbalance data during the opening and closing combined bidding stages.