Pyth Network Secures Approval to Distribute Nasdaq's Real-Time Equity Data
Pyth Network has become an approved external distributor of Nasdaq's real-time equity data feed, known as Nasdaq Basic. This deal allows software and blockchain-native applications to access top-of-book pricing data that brokerages, banks, and fintech platforms have relied on for over a decade.
Nasdaq Basic delivers real-time top-of-book data for U.S. equities, including the best bid and offer with size from liquidity in the Nasdaq market center. The product also carries the last sale price and size, which comes from Nasdaq's U.S. venues and trades reported to the FINRA/Nasdaq Trade Reporting Facility.
The coverage is not limited to Nasdaq-listed securities; all U.S. exchange-listed securities are included, regardless of their venue listing. This makes the product useful across many types of trading desks.
Pyth's Data Marketplace allows clients to license Nasdaq Basic directly through Nasdaq via Pyth, but prior written approval from Nasdaq is required before any client can consume the feed. This keeps distribution controlled while expanding its reach.