Institutional market data provider Pyth Network has launched a new data marketplace to enable major financial institutions to publish and monetise proprietary datasets spanning blockchains, applications and financial firms.
Mike Cahill
The platform – called Pyth Data Marketplace – sees firms including Euronext FX, Exchange Data International (EDI), Fidelity Investments, OTC Markets Group, Singapore Exchange FX (SGX FX), and Tradeweb joining the platform as proprietary market data publishers.
Once launched, the marketplace will offer investors with access to institutional-grade datasets which cover areas such as spot FX, crude swaps and reference data across equities, ETFs, fixed income and derivatives.
Additionally, by using the offering, institutions will be able to retain full control over what they publish, while also making use of the network’s global reach and delivery.
Currently, the data marketplace already plays host to datasets from firms including the US Department of Commerce, and prediction market Kalshi.
“These institutions recognise the need for a modern distribution model where data comes directly from the source,” said Mike Cahill, chief executive of Douro Labs and contributor to Pyth Network.
“Our 24/7 global economy needs more than just a price layer. It needs a comprehensive, accessible, and transparent data layer. Market data has flowed through the hands of a select few for too long. We’reworking alongside some of the world’s largest financial institutions to rewrite that model and establish an open data economy, creating a modern market data solution built by and for institutions.”
Specifically, the marketplace’s launch aims to address challenges within the financial data landscape, with a particular focus on the traditional concentration of data distribution between a small number of intermediaries.
To tackle this issue, the network is set to provide a model which allows data to flow from the source and create a more equitable, transparent and programmable market data standard.
“At Tradeweb, we are seeing growing demand for more timely and accessible ETF data,” said Michael Zaladonis, global head of data products and analytics, Tradeweb.
“By publishing our iNAVs to the Pyth Network, we are exploring how on-chain infrastructure can extend the reach of high-quality, intraday valuations to a broader set of market participants. This complements existing distribution channels and reflects a shift toward more open, scalable and programmable access to market data.”
The marketplace launch is the most recent development in Pyth Network’s efforts to enhance its market data offering over the last few months.
In September 2025, the provider launched a new subscription service to provide market data spanning a variety of asset classes.
The service – Pyth Pro – delivers data across cryptocurrencies, equities, fixed income, commodities and foreign exchange, and will support the firm’s drive to enhance the market data supply chain through providing a new subscription-based service.