49.8% Of Stock Perps Traded After Hours 📊
October's RWA report gave $PYTH investors a fascinating number. Equity-derivatives traders are increasingly active outside traditional U.S. market hours, something the exchange-derivatives audience following $OKB should understand particularly well.
Among the 25 most-traded U.S. single-stock perps, 49.8% of October volume occurred outside NYSE regular hours.
And now NYSE has selected Pyth to distribute its real-time BQT equity data.
The timing of these developments is remarkable.
Pyth Indices already provides continuous reference pricing for selected U.S. equities. NYSE BQT adds real-time exchange quotes, trades, official closing prices and status messages from the primary market.
Consider a stock that closes at 4 PM New York time before unexpected earnings news breaks later that evening.
A perp venue needs a way to price that exposure overnight, while its users may also want to see where the underlying stock officially closed and what was happening on the exchange before trading ended.
Combining those different types of information in an application gives traders valuable context.
October's broader tracked RWA perp market reached $829.4B, the biggest month in that report's history, with 88.5% of volume attributed to venues sourcing Pyth prices.
I'm watching how quickly the gap between traditional exchange hours and crypto trading hours keeps narrowing.
NYSE just gave Pyth another powerful piece of market data for that environment.
#Altcoin Season# #RWA
October's RWA report gave $PYTH investors a fascinating number. Equity-derivatives traders are increasingly active outside traditional U.S. market hours, something the exchange-derivatives audience following $OKB should understand particularly well.
Among the 25 most-traded U.S. single-stock perps, 49.8% of October volume occurred outside NYSE regular hours.
And now NYSE has selected Pyth to distribute its real-time BQT equity data.
The timing of these developments is remarkable.
Pyth Indices already provides continuous reference pricing for selected U.S. equities. NYSE BQT adds real-time exchange quotes, trades, official closing prices and status messages from the primary market.
Consider a stock that closes at 4 PM New York time before unexpected earnings news breaks later that evening.
A perp venue needs a way to price that exposure overnight, while its users may also want to see where the underlying stock officially closed and what was happening on the exchange before trading ended.
Combining those different types of information in an application gives traders valuable context.
October's broader tracked RWA perp market reached $829.4B, the biggest month in that report's history, with 88.5% of volume attributed to venues sourcing Pyth prices.
I'm watching how quickly the gap between traditional exchange hours and crypto trading hours keeps narrowing.
NYSE just gave Pyth another powerful piece of market data for that environment.
#Altcoin Season# #RWA
