Tradeweb, Fenics and OpenYield Join Pyth's Fixed-Income Data Network
Tradeweb, Fenics and OpenYield Join Pyth's Fixed-Income Data Network.
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Pyth Network (CRYPTO: $PYTH) has added Tradeweb Markets Inc. (NASDAQ: $TW), Fenics Market Data and OpenYield as data providers, bringing institutional fixed-income pricing into Pyth Pro and the Pyth Data Marketplace.
Together, the three providers cover pricing formed across dealer-to-dealer trading, automated bond execution and regulated government-bond benchmarks, giving trading venues, financial applications and risk systems access through a single integration.
Fenics, the data distribution arm of BGC Group Inc. (NASDAQ: $BGC), will contribute pricing tied to more than $1 trillion in daily over-the-counter transaction volume across rates, credit, foreign exchange, commodities and energy.
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OpenYield adds firm, executable quotes across U.S. Treasuries, corporate bonds and municipal securities. The SEC-registered alternative trading system covers 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. The benchmarks 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."
Fixed income underpins lending, collateral and portfolio valuation across global markets, but much of its price formation still happens across fragmented over-the-counter venues. Moving those prices into programmable infrastructure makes them easier to use across digital trading systems and onchain financial applications.
The additions follow Fidelity Investments, Kalshi and Euronext FX joining Pyth as institutional publishers, extending its coverage across equities, exchange-traded funds, derivatives, foreign exchange, precious metals and prediction markets.
Pyth began as infrastructure for decentralized markets. Its latest expansion moves the network closer to becoming a broader distribution layer for institutional pricing across traditional and onchain finance.
Pyth Network (CRYPTO: PYTH) is currently trading at $0.0469 U.S. per digital token.
Sinergia Empresarial continuará el seguimiento de esta información sobre tradeweb, Fenics and OpenYield Join Pyth's Fixed-Income Data Network y ampliará la cobertura conforme se confirmen nuevos elementos relevantes para el ecosistema empresarial.
