Home Pyth Brings NYSE Stock Market Data Closer To Blockchain Investors

Pyth Brings NYSE Stock Market Data Closer To Blockchain Investors

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Nasdaq Brings TotalView Market Data To Pyth Network, Expanding On-chain Access For Developers
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  • Pyth Network has added real-time stock and ETF market data from the New York Stock Exchange (NYSE) to its blockchain data marketplace.
  • The data covers five NYSE Group exchanges and includes stock prices, trading volumes, bid and offer prices, and official closing prices.
  • The move will help blockchain applications offering stock-based products and tokenized shares provide more reliable market information.

Data Access Across Five NYSE Exchanges

Pyth Network has added New York Stock Exchange real time data and this will allow blockchain based financial apps to get access to market data across all five NYSE Group equity exchanges.

Source: pyth.network

The service, called NYSE BQT, will give access to stock quotes and trading data across the New York Stock Exchange, NYSE American, NYSE Arca, NYSE National and NYSE Texas exchanges. This includes stocks and ETFs listed on other exchanges throughout the USA that are traded on NYSE Group.

The data includes best bid and offer, size, trade prices, aggregate volume and closing prices. It will also show alerts when trading has stopped or resumed and when short selling has been restricted.

Before companies or applications can gain access they will need a license from the NYSE. The rules and agreements for using data will remain the same.

Improved Data For Blockchain Apps

The addition of the latest data will be useful for any platforms providing stock perpetual futures and tokenised stocks. They will be able to show their users more accurate stock price data.

Pyth was given approval for Nasdaq Basic data in September. This addition means that applications can now access data from both Nasdaq and NYSE.

It is important as financial markets using blockchain are becoming more integrated with traditional stock markets. Investors using tokenised stocks and other digital financial products need reliable data on the underlying asset prices.

Anthony Zawadzki, Head of Data and Digital Asset Products at NYSE said: “Market data quality and reliability is becoming increasingly important as financial markets move towards blockchain. This partnership provides an additional avenue for institutions and developers to access NYSE market data.”

24/7 Stock Price Data

An interesting aspect of this addition is that it can help applications provide stock price data when traditional stock markets are closed. While NYSE provides market data during trading hours, Pyth has its own set of price indexes that provide 24/7 US equity price data.

This means that an application can show the closing price from the NYSE but also show how much the stock price has moved overnight or during the weekend. This could be useful for investors trading blockchain based stock products outside of trading hours.

Pyth launched its data marketplace in April and has several financial organisations such as Fidelity Investments, Euronext FX, OTC Markets Group, SGX FX and Tradeweb.

The marketplace allows institutions to share their financial data with other companies. They can decide on the pricing, credit and terms. This latest addition with NYSE is another step towards integrating traditional financial markets with blockchain applications.

Stay informed with the latest trends in Web3, blockchain innovation, and cybersecurity updates at 3verseTV

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