Pyth Network Becomes External Distributor of Nasdaq’s Real-Time Equity Data Feed

TLDR:

• Pyth Network is now an approved external distributor of Nasdaq Basic’s real-time equity data. 
• Nasdaq Basic covers best bid, offer, and last sale data for all U.S. exchange-listed securities. 
• Clients must get Nasdaq’s written approval before accessing the feed through Pyth’s platform.
• The deal extends Nasdaq’s reach into software and blockchain-native financial applications. 

Nasdaq Basic data is now available through Pyth Network after the oracle provider secured approval as an external distributor.

Pyth announced the news on September 22, 2026, stating it is now approved to distribute Nasdaq’s real-time quote and trade product for U.S. equities.

The move gives software and blockchain-native applications a new path to access top-of-book pricing data that brokerages, banks, and fintech platforms have relied on for over a decade.

What Nasdaq Basic Covers

Nasdaq Basic delivers real-time top-of-book data for U.S. equities. In a follow-up post, Pyth described the product as carrying the best bid and offer, with size, from liquidity in the Nasdaq market center. This gives users a live view of market depth without added cost.

The announcement noted that the product also carries the last sale price and size. This information comes from Nasdaq’s U.S. venues and from trades reported to the FINRA/Nasdaq Trade Reporting Facility. Together, these data points give a full picture of recent trading activity.

Pyth also posted that coverage is not limited to Nasdaq-listed securities. All U.S. exchange-listed securities are included, regardless of which venue a security is listed on. This broad scope makes the product useful across many types of trading desks.

Nasdaq Basic also includes the Nasdaq Official Opening and Closing Prices. These reference prices come from Nasdaq’s Opening, Closing, and IPO/Halt Crosses. Much of the industry uses them to value positions at the start and close of each trading day.

How Pyth’s Data Marketplace Fits In

Clients of the Pyth Data Marketplace can now license Nasdaq Basic directly through Nasdaq via Pyth. Prior written approval from Nasdaq is required before any client may consume the feed. This keeps distribution controlled while expanding its reach.

In one of its posts, Pyth quoted Michael Cahill, a Core Contributor to Pyth, saying that more of the market runs on software every year and that data therefore has to reach a wider and more varied set of applications. His comment points to a shift already under way across finance.

The same post quoted Cahill adding that Nasdaq has been ahead of that curve for a long time, noting that Nasdaq Basic exists because Nasdaq wanted its data in more hands. He called the addition of Pyth’s Data Marketplace a natural extension of that approach.

The Data Marketplace works as Pyth’s main channel for datasets that fall outside its other offerings. It lets institutions distribute proprietary data directly to the applications that need it. Nasdaq Basic becomes the latest addition to that growing list.

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