Quick Insights

  • Nasdaq will publish its TotalView full depth-of-book equity data through the Pyth Data Marketplace, marking the first time the exchange has distributed proprietary market data directly to onchain applications.
  • TotalView shows buy and sell orders at every price level for Nasdaq-, NYSE- and regional-listed stocks, along with the Net Order Imbalance Indicator used around opening and closing auctions.
  • Nasdaq joins Tradeweb, SGX, OTC Markets, Kalshi and the US Department of Commerce as contributors to Pyth's marketplace, which launched in April 2026 with backing from Fidelity and Euronext.

Nasdaq is extending one of its flagship equity data products onto blockchain infrastructure for the first time. The exchange operator confirmed on Tuesday that it will distribute its TotalView market data through the Pyth Network's Data Marketplace, a platform built to deliver institutional-grade datasets to blockchain networks, financial applications and software developers. The move gives developers and institutional users programmatic access to TotalView data rather than relying solely on traditional terminals and dedicated market data feeds.

TotalView is Nasdaq's full depth-of-book feed, showing every displayed buy and sell order at each price level across Nasdaq-, NYSE- and regional-listed securities. The product also carries Nasdaq's Net Order Imbalance Indicator, which tracks buy and sell imbalances ahead of opening and closing auctions, a detail traders use to anticipate price moves around the open and close. Pyth said developers will be able to use the feed to analyse market depth, refine trade execution and build quantitative trading models.

Nasdaq Joins Tradeweb, SGX and Kalshi on Pyth's Institutional Data Marketplace

The arrangement does not change Nasdaq's existing market data licensing model or trading operations. It simply adds a new distribution channel running through blockchain rails, alongside the conventional infrastructure Nasdaq already operates. Financial institutions have increasingly explored this kind of dual-track approach over the past year: keep existing systems running as-is while making data and products available to the growing ecosystem of applications built directly on blockchains.

Nasdaq joins a roster of institutional contributors already publishing through Pyth's marketplace, including Tradeweb, the Singapore Exchange, OTC Markets Group and Kalshi, alongside the US Department of Commerce, which has used the platform to distribute economic data onchain. Pyth's Data Marketplace launched in April 2026 with backing from Fidelity and Euronext, positioning the network as a wholesale data layer for traditional finance rather than a service built primarily for DeFi protocols.

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