Pyth Network USD

Tradeweb Markets has started providing institutional fixed-income pricing to the Pyth Network for use in digital and onchain financial applications. The pricing is being distributed through Pyth Pro and the Pyth Data Marketplace, extending Tradeweb's reach into programmable finance and digital asset markets. This development broadens access to institutional grade bond data for a growing set of trading systems and decentralized applications.

Pyth Network has added Tradeweb Markets, Fenics Market Data and OpenYield as data providers, bringing institutional fixed-income pricing into Pyth Pro and the Pyth Data Marketplace. Fenics, the data distribution arm of BGC Group, will contribute pricing tied to more than $1 trillion in daily over-the-counter transaction volume across rates, credit, foreign exchange, commodities and energy. OpenYield adds firm, executable quotes across U.S. Treasuries, corporate bonds and municipal securities, covering the full Treasury curve alongside thousands of corporate bonds and tens of thousands of municipal securities. Tradeweb will distribute pricing from its institutional electronic marketplaces, including licensed Tradeweb FTSE Benchmark Closing Prices for U.K. Gilts, U.S. Treasuries and European government bonds, which are administered by FTSE Russell and used for portfolio valuation, trade-at-close execution and derivative reference rates. Mike Cahill, CEO of Douro Labs and a contributor to Pyth, called the expansion a structural step toward a unified, modern market data standard.