Pyth Network Launches NYSE Best Quote and Trades Data Stream

Pyth Network has officially launched its distribution of the New York Stock Exchange’s (NYSE) real-time market data product, known as NYSE Best Quote and Trades (NYSE BQT). This data stream is designed to provide users with the most current bid and ask prices for U.S. stocks and exchange-traded funds (ETFs), along with relevant order volumes and details about completed trades.

Comprehensive Data Coverage

NYSE BQT aggregates information from various NYSE markets, including NYSE American, NYSE Arca, NYSE National, and NYSE Texas. Additionally, it includes securities listed on different exchanges that are traded within these five markets. The service also offers critical information such as the NYSE’s official closing prices, consolidated trading volumes, and alerts concerning trading halts, resumptions, or short-selling restrictions.

Enhanced Trading Capabilities

This initiative is expected to enhance the functionality of platforms dealing with tokenized shares or stock-based perpetual futures. Such platforms can now display the latest traded prices of the underlying stocks and receive real-time notifications for stopping trades from the exchange.

Integration with Nasdaq Basic

In a related move, Pyth Network was granted approval in September to distribute Nasdaq Basic data as well. By incorporating NYSE BQT into its offerings, Pyth is positioning itself to provide financial applications with access to both NYSE and Nasdaq data products through a unified platform, contingent on meeting the appropriate licensing requirements.

This information should not be construed as investment advice.