Partnered With:

NYSE market maker GTS plans to become an independent node of the Pyth Network based on the Solana prophecy machine project

Read this article in 2 Minutes

Pyth Network is led by Jump Trading, a high-speed trading company

GTS, one of the largest market-making firms on the New York Stock Exchange, announced last week that it has joined Pyth Network, a Solana-based market data program. Get into decentralized finance.

GTS, which is best known for helping with big initial public offerings on the New York Stock Exchange, recently announced that it has joined Pyth Network, a data project led by high-speed trading firm Jump Trading. Dave Olsen, president and chief investment officer of high-frequency Trading firm Jump Trading, said in April that he was "working on a project called Pyth Predictor to provide high-performance and accurate market data, The Prophet project will be built on the Solana blockchain." In addition, Sam Bankman-Fried's FTX is also involved in the project.

GTS plans to push its own market data to Pyth through its own independently run nodes, "further advancing Pyth's vision of providing first-hand, real-time pricing on a high-performance blockchain."

The Solana team reportedly plans to raise as much as $450 million in new financing.