Financial institutions are bypassing intermediaries to sell data directly to investors

Investors now have access to institutional-grade datasets covering spot FX, crude swaps, and reference data for equities, ETFs, fixed income, and derivatives. This access is provided through the Pyth Data Marketplace, a new platform launched by Pyth Network. The platform enables financial institutions to publish and monetise proprietary datasets across blockchains, applications, and financial firms. By removing the traditional concentration of data distribution between a small number of intermediaries, the network provides a model where data flows directly from the source. Tradeweb will publish its intraday valuations (iNAVs) to the network to extend the reach of high-quality valuations to a broader set of market participants.