Pinned
🧨 BREAKING: Introducing Pyth Indices.
Proprietary 24/7 indices across U.S. equities, oil, metals, and thematic baskets co-developed with @MarketVector.
Launched in collaboration with include @coinbase, @krakenfx, @nadoHQ, and @dYdX. 🧵
00:00
Pyth Network 🔮
18K posts
Pyth Network 🔮
@PythNetwork
The price layer of the global financial market.
Joined March 2021
- More markets are live on Pyth Pro: - New US equities feeds - More extended hours coverage - Commodity futures across global markets - Interest rates - Expanded crypto coverage One source. More markets. The price layer keeps growing 🔮
00:00 - Replying to @PythNetwork6/ Read the full SEC filing here: sec.gov/files/rules/pr…
- Replying to @PythNetwork5/ This proposal is not final, and Rule 603 reform still matters for displaying Pyth prices in actionable contexts. But the direction is meaningful. Legacy market structure is beginning to make room for programmable market data, onchain settlement, and best execution supported
- Replying to @PythNetwork4/ For tokenized equities, onchain venues cannot perfectly sync to the SIP, monitor every exchange quote, and route to NYSE or Nasdaq whenever a penny-better quote flashes. If Rule 611 is removed, venues may gain room to execute around high-quality reference prices created by
- Replying to @PythNetwork3/ Rule 611 made exchange feeds the legally privileged data source for U.S. equity execution. If a protected quote appeared elsewhere, venues were constrained from executing at an inferior price, even when routing there made little practical sense. Over time, that added cost
- Replying to @PythNetwork2/ Douro Labs was cited in the proposal for its “Beyond Reg NMS” paper, which discusses how crypto markets evolved without prescriptive routing rules and produced mechanisms like intents-based trading, AMMs, decentralized price oracles, and atomic cross-domain settlement. TheFor 20 years, U.S. equity markets have evolved faster than the rules designed to govern them. @DouroLabs has submitted a white paper to the SEC outlining why Regulation NMS no longer reflects how modern markets operate, and why Pyth represents a modern path forward for price
- Grateful to SEC leadership and staff for engaging seriously with the market-structure questions raised by Pyth contributor Douro Labs and other market participants. The SEC’s proposal to rescind Reg NMS Rule 611 and Rule 610(e) is an important step in that conversation.
- Replying to @PythNetwork
00:00
