Virtu Financial Joins Pyth Network

Virtu Financial, a global provider of financial services and products that delivers trading solutions to clients and liquidity to the global markets, announced that it has joined the Pyth Network, a decentralized financial market data distribution platform. Virtu will contribute its financial market data across equities, FX, futures, and cryptocurrencies for consumption by smart contracts using the Solana blockchain and other major blockchains. According to a story in Markets Media news, the commitment from Virtu adds to a growing list of firms supporting the Pyth Network as the world’s most sophisticated market participants seek better ways to distribute real-time market data using high performance blockchains. The Pyth Network enables data owners to contribute their data on-chain and in a sub-second timescale. The network is built on Solana, a fast blockchain for timely and cost and energy efficient receipt and distribution of fast-moving data. The Pyth Network also plans to publish high fidelity, streaming, and readily accessible market data through all other major blockchains at their fastest block times.