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The NASDAQ Stock Market | NASDAQ OMX BX | NASDAQ OMX PSX | NASDAQ OMX Web-Based Reports | NASDAQ OMX Annual Administration Fee

 

The NASDAQ Stock Market

NASDAQ TotalView | NASDAQ Level 2 | NASDAQ Basic | NASDAQ Last Sale | NLS Plus | NASDAQ MatchView | NASDAQ Market Pathfinders | NASDAQ Market Analytix


NASDAQ TotalView
Entitlement Name Security Coverage Monthly Fee
Usage Fees
NASDAQ TotalView
with NASDAQ OpenView
NASDAQ Issues Professional/Corporate: $70 per subscriber
Non-Professional: $14 per subscriber
NYSE and NYSE MKT Issues Professional/Corporate: $6 per subscriber
Non-Professional: $1 per subscriber
Managed Data Solution
(Internal Use Only)
NASDAQ, NYSE and NYSE MKT Issues Professional/Corporate: $300 per subscriber
Non-Professional: $60 per subscriber
NASDAQ Depth Non-Display
(Direct Access Only)
NASDAQ, NYSE and NYSE MKT Issues 1 to 10 subscribers = $300 per subscriber
11 to 29 subscribers = $3,300
30 to 49 subscribers = $9,000
50 to 99 subscribers = $15,000
100 to 249 subscribers = $30,000
250 subscribers or more = $75,000
Distributor Fees
NASDAQ Depth Data NASDAQ Issues Internal Distribution: $1,000 per firm
External Distribution: $2,500 per firm
Direct Access: $2,000 per firm
NYSE and NYSE MKT Issues Internal Distribution: $500 per firm
External Distribution: $1,250 per firm
Direct Access: $1,000 per firm
NOIView/FilterView Net order imbalance data only Direct Access: $500 per firm
NASDAQ Managed Data Solutions License Fee (For the right to offer Managed Data Solutions to Clients)
NASDAQ, NYSE and NYSE MKT Issues $1,500 per Distributor
Enhanced Display Solution NASDAQ, NYSE and NYSE MKT Issues 1 to 299 subscribers = $2,000
300 to 399 subscribers = $3,000
400 to 499 subscribers = $4,000
500 to 599 subscribers = $5,000
600 to 699 subscribers = $6,000
700 to 799 subscribers = $7,000
800 to 899 subscribers = $8,000
900 to 999 subscribers = $9,000
1,000 subscribers or more = $10,000

plus applicable TotalView and OpenView subscriber fees
Enterprise License Option
NASDAQ TotalView / NASDAQ OpenView
Enterprise License— Non-Professionals
NASDAQ, NYSE and NYSE MKT Issues $25,000 plus applicable Level 2 subscriber fees
NASDAQ TotalView / NASDAQ OpenView
NASDAQ Depth Enterprise License— Non-Professionals
NASDAQ, NYSE and NYSE MKT Issues $500,000
NASDAQ TotalView / NASDAQ OpenView
Enterprise License— Professionals
NASDAQ, NYSE and NYSE MKT Issues $100,000 plus applicable Level 2 subscriber fees
NASDAQ TotalView / NASDAQ OpenView
NASDAQ Depth Non-Display— Direct Access
NASDAQ, NYSE and NYSE MKT Issues $75,000 (250+ subscribers)
TotalView-ITCH FPGA Distributor Fees
TotalView-ITCH FPGA Internal Distributor $25,000 per distributor
External Distributor $2,500 per distributor
Internal and External Distributor $27,500 per distributor
Managed Data Solutions (MDS) Distributor 1 subscriber = $3,000
Additional Subscribers = $500 each

NASDAQ Level 2
Entitlement Name Security Coverage Monthly Fee
Usage Fees
NASDAQ Level 2 with
NASDAQ OpenView
NASDAQ Issues Professional/Corporate: $45 per subscriber
Non-Professional: $9 per subscriber
NYSE and NYSE MKT Issues Professional/Corporate: $6 per subscriber
Non-Professional: $1 per subscriber
NASDAQ Depth Non-Display NASDAQ, NYSE and NYSE MKT Issues 1 to 10 subscribers = $300 per subscriber
11 to 29 subscribers = $3,300
30 to 49 subscribers = $9,000
50 to 99 subscribers = $15,000
100 to 249 subscribers = $30,000
250 subscribers or more = $75,000
Managed Data Solution
(Internal Use Only)
NASDAQ, NYSE and NYSE MKT Issues Professional/Corporate: $300 per subscriber
Non-Professional: $60 per subscriber
Depth Distributor Fees
NASDAQ Depth Fee for NQDS NASDAQ Issues Internal Distribution: $1,000 per firm
External Distribution: $2,500 per firm
Direct Access: $2,000 per firm
NASDAQ Depth Fee for OpenView NYSE and NYSE MKT Issues Internal Distribution: $500 per firm
External Distribution: $1,250 per firm
Direct Access: $1,000 per firm
Enhanced Display Solution NASDAQ, NYSE and NYSE MKT Issues 1 to 299 subscribers = $2,000
300 to 399 subscribers = $3,000
400 to 499 subscribers = $4,000
500 to 599 subscribers = $5,000
600 to 699 subscribers = $6,000
700 to 799 subscribers = $7,000
800 to 899 subscribers = $8,000
900 to 999 subscribers = $9,000
1,000 subscribers or more = $10,000

plus applicable TotalView and OpenView subscriber fees

NASDAQ Basic
Entitlement Name Security Coverage Monthly Fee
Usage Fees
NASDAQ Basic—
Per User Option
NASDAQ Issues Professional/Corporate: $13 each
Non-Professional: $0.50 each
NYSE Issues Professional/Corporate: $6.50 each
Non-Professional: $0.25 each
Amex Issues Professional/Corporate: $6.50 each
Non-Professional: $0.25 each
NASDAQ Basic—
Per Query Option
NASDAQ Issues $0.0025 each
NYSE issues $0.0015 each
Amex Issues $0.0015 each
NASDAQ Basic—
Enterprise License
NASDAQ, NYSE and Amex Issues $365,000 for unlimited internal Professional (display only) usage*
*($2 per user fee for usage over 16,000 via a controlled display device)
Distributor Fees
NASDAQ Basic Distributor Fee NASDAQ, NYSE and Amex Issues $1,500 per firm
Derived License Option
Non-Professional Derived Data License NASDAQ, NYSE and Amex Issues $1,500 per firm

NASDAQ Last Sale (NLS)
Entitlement Name Security Coverage Monthly Fee
Usage Fees
NLS — Non-Professional User Option NASDAQ Issues 1 to 9,999 users: $0.60 each
10,000 to 49,999 users: $0.48 each
50,000 to 99,999 users: $0.36 each
100,000 user or more: $0.30 each
NYSE and Amex Issues 1 to 9,999 users: $0.30 each
10,000 to 49,999 users: $0.24 each
50,000 to 99,999 users: $0.18 each
100,000 users or more: $0.15 each
NLS — Per Query Option NASDAQ Issues Up to 10 million: $0.0030 each
10 million to 20 million: $0.0024 each
20 million to 30 million: $0.0018 each
Over 30 million: $0.0015 each
NYSE and Amex Issues Up to 10 million: $0.0015 each
10 million to 20 million: $0.0012 each
20 million to 30 million: $0.0009 each
Over 30 million: $0.000725 each
NLS — Unique Website Visitor Option NASDAQ Issues Up to 100,000: $0.036 each
100,001 to 999,999: $0.030 each
Over 1 million: $0.024 each
NYSE and Amex Issues Up to 100,000: $0.018 each
100,001 to 999,999: $0.015 each
Over 1 million: $0.012 each
NLS — Television Per Household Option NASDAQ Issues Up to 1 million: $0.00096 each
1 million to 5 million: $0.00084 each
5 million to 10 million: $0.00072 each
Over 10 million: $0.00060 each
NYSE and Amex Issues Up to 1 million: $0.00048 each
1 million to 5 million: $0.00042 each
5 million to 10 million: $0.00036 each
Over 10 million: $0.00030 each
Distributor Fees
NLS Distributor Fee NASDAQ, NYSE and Amex Issues $1,500 per firm
FilterView - NASDAQ Trades NASDAQ, NYSE and Amex Issues (NASDAQ Execution System only) $500 per firm
FilterView - TRF Trades NASDAQ, NYSE and Amex Issues (FINRA/NASDAQ Trade Reporting Facility only) $500 per firm
Enterprise License Option
NLS Enterprise License* NASDAQ, NYSE and Amex Issues $50,000 per firm

NLS Plus
Entitlement Name Security Coverage Fees
Monthly Usage
and Distributor Fees
NASDAQ, NYSE and
NYSE MKT Listed Issues
Firms are liable for
NASDAQ Last Sale OR
NASDAQ Basic fees
Annual Administration
Fees
NASDAQ, NYSE and
NYSE MKT Listed Issues
NASDAQ: $1,000
BX: $1,000
PSX: $1,000

NASDAQ MatchView
Entitlement Name Security Coverage Monthly Fee
NASDAQ MatchView NASDAQ, NYSE and Amex Issues $5,000 per firm for 1st server
NASDAQ MatchView Enterprise License NASDAQ, NYSE and Amex Issues $10,000 per firm for 2+ servers

NASDAQ Market Pathfinders
Entitlement Name Monthly Fee
NASDAQ Market Pathfinders
Distributor Fee
$2,500

NASDAQ Velocity & Forces (NASDAQ MAX)
Entitlement Name Security Coverage Monthly Fee
Usage Fees
NASDAQ Velocity & Forces —
Subscriber Fees
NASDAQ, NYSE and Amex Issues Professional/Corporate: $10 per user
Non-Professional: $1 per user
Distributor Fees
NASDAQ Velocity & Forces —
Distributor Fee
NASDAQ, NYSE and Amex Issues $2,000 per firm - Allows distributor to provide NASDAQ MAX data to 10 Subscribers. Additional users can be added at the subscriber fee rate.
Enterprise License Option
NASDAQ Velocity & Forces —
Enterprise License
NASDAQ, NYSE and Amex Issues $4,000 per month OR
$36,000 per year

NASDAQ OMX BX

BX TotalView
Entitlement Name Security Coverage Monthly Fee
Usage Fees
BX TotalView NASDAQ Issues
NYSE and Regional Issues

NASDAQ, NYSE and Regional Issues
Professional/Corporate: $20 per subscriber
Professional/Corporate: $20 per subscriber*

Non-Professional: $1 per subscriber**
Managed Data Solution
(Internal Use Only)
NASDAQ, NYSE and NYSE MKT Issues Professional/Corporate: $100 per subscriber
Non-Professional: $20 per subscriber
Distributor Fees
BX TotalView NASDAQ, NYSE and Regional Issues Internal Distribution: $500 per firm
External Distribution: $1,250 per firm
Direct Access: $1,000 per firm
Managed Data Solution Administration Fee
(For the right to offer Managed Data Solutions to client organizations)
NASDAQ, NYSE and NYSE MKT Issues $750 per distributor
Enterprise License Option
BX TotalView Non-Display Usage NASDAQ, NYSE and Regional Issues $16,000**

*Fees effective August 1, 2010.

**Fees effective July 1, 2010.


BX Basic
Entitlement Name Security Coverage Monthly Fee
BX Basic NASDAQ, NYSE
and Regional Issues
Fees are currently waived

BX Last Sale
Entitlement Name Security Coverage Monthly Fee
BX Last Sale NASDAQ, NYSE
and Regional Issues
Fees are currently waived

BX Annual Administration Fee
Entitlement Name Usage Type Annual Fee
BX Data Products —
Annual Administration Fee
Delayed Data Products $500 per firm
Real-Time Data Products $1,000 per firm
 

NASDAQ OMX PSX

PSX TotalView
Entitlement Name Security Coverage Monthly Fee*
Usage Fees
PSX TotalView NASDAQ, NYSE, NYSE Amex and NYSE Arca
Professional/Corporate: $40 per subscriber
Non-Professional: $1 per subscriber
Managed Data Solution
(Internal Use Only)
NASDAQ, NYSE and NYSE MKT Issues Professional/Corporate: $100 per subscriber
Non-Professional: $20 per subscriber
Distributor Fees
PSX TotalView NASDAQ, NYSE, NYSE Amex and NYSE Arca Internal Distribution: $500 per firm
External Distribution: $1,250 per firm
Direct Access: $1,000 per firm
Managed Data Solution Administration Fee
(For the right to offer Managed Data Solutions to client organizations)
NASDAQ, NYSE and NYSE MKT Issues $750 per Distributor
Enterprise License Option
PSX TotalView Non-Display Usage NASDAQ, NYSE, NYSE Amex and NYSE Arca $16,000

*Fees effective November 1, 2011.


PSX Basic
Entitlement Name Security Coverage Monthly Fee
PSX Basic NASDAQ, NYSE
and Regional Issues
Fees are currently waived

PSX Last Sale
Entitlement Name Security Coverage Monthly Fee
PSX Last Sale NASDAQ, NYSE
and Regional Issues
Fees are currently waived
 
PSX Annual Administration Fee
Entitlement Name Usage Type Annual Fee
PSX Data Products —
Annual Administration Fee
Delayed Data Products $500 per firm
Real-Time Data Products $1,000 per firm

*PSX Annual Administration Fees Effective January 2011

NASDAQ OMX Web-Based Reports

NASDAQ Basic Web Service |NASDAQ Data-On-Demand Premier | NASDAQ Market Replay | NASDAQ Daily List| NASDAQ Fundamental Data| NASDAQ Historical TotalView ITCH | BX Historical TotalView ITCH | PSX Historical TotalView ITCH |NASDAQ ModelView | Historical NASDAQ Velocity and Forces | Historical NASDAQ Market Pathfinders | NASDAQ Daily Share Volume | NASDAQ Short Interest | NASDAQ Short Sale | 144A Reference Database Report


NASDAQ Data-On-Demand Premier Service
Entitlement Name Security Coverage Monthly Fee
NASDAQ Data-On-Demand
Distributor Fee
NASDAQ, NYSE, Amex,
OTCBB and Non-OTC Issues
Monthly: $1,500 per firm
Annual: $1,000 per firm (charged monthly)
Download Tier Monthly Fee
Monthly Gigabyte (GB) Download Fees 1 to 300 GB Included in monthly distributor fee
301 GB or more $5/per GB

NASDAQ Market Replay
Entitlement Name Security Coverage Monthly Fee
Usage Fees
NASDAQ Market Replay —
Subscriber Fees
NASDAQ, NYSE and Amex Issues Professional/Corporate: $50 per user
Non-Professional: $20 per user
Distributor Fees
NASDAQ Market Replay —
Distributor Fee
NASDAQ, NYSE and Amex Issues Professional
Internal Distribution: $1,000 per firm
External Distribution: $5,000 per firm
Non-Professional
$5,000 per firm
Enterprise License Option
NASDAQ Market Replay —
Enterprise License
NASDAQ, NYSE and Amex Issues $25,000 per month

NASDAQ Daily List and NASDAQ Fundamental Data
Entitlement Name Monthly Fee
NASDAQ Daily List and/or Fundamental Data
Distributor Fee
$1500 per organization

NASDAQ Historical TotalView-ITCH*
Entitlement Name Usage Tier Monthly Fee
NASDAQ Historical TotalView-ITCH
Distributor Fee
1 to 500 subscribers $1,000
501 to 999 subscribers $1,500
1,000 to 4,999 subscribers $2,500
5,000 to 9,999 subscribers $3,500
10,000 or more subscribers $5,000

BX Historical TotalView-ITCH*
Entitlement Name Monthly Fee
BX Historical TotalView-ITCH
Distributor Fee
$500

PSX Historical TotalView-ITCH*
Entitlement Name Monthly Fee
PSX Historical TotalView-ITCH
Distributor Fee
$500

NASDAQ ModelView
Entitlement Name Monthly Fee
NASDAQ ModelView
Distributor Fee
$2,000

Historical NASDAQ Velocity and Forces*
Entitlement Name Usage Tier Monthly Fee
Historical NASDAQ Velocity and Forces
Distributor Fee
1 to 500 subscribers $1,000
501 to 999 subscribers $1,500
1,000 to 4,999 subscribers $2,500
5,000 to 9,999 subscribers $3,500
10,000 or more subscribers $5,000

Historical NASDAQ Market Pathfinders*
Entitlement Name Usage Tier Monthly Fee
Historical NASDAQ Market Pathfinders
Distributor Fee
1 to 500 subscribers $1,000
501 to 999 subscribers $1,500
1,000 to 4,999 subscribers $2,500
5,000 to 9,999 subscribers $3,500
10,000 or more subscribers $5,000

NASDAQ Daily Share Volume
Entitlement Name Monthly Fee
NASDAQ Daily Share Volume
Distributor Fee
$2,500
Enterprise License Option
NASDAQ Daily Share Volume Widget —
Enterprise License
Unlimited Internal Distribution: $5,000/month
Annual Fee: $4,500/month ($54,000/year)

NASDAQ Short Interest
Entitlement Name Usage Tier Monthly Fee
Short Interest
Distributor Fee
1 to 500 subscribers $500
501 to 999 subscribers $600
1,000 to 4,999 subscribers $700
5,000 to 9,999 subscribers $800
10,000 or more subscribers $1,000

NASDAQ Short Sale Volume Reports
Entitlement Name Monthly Fee
NASDAQ Short Sale Volume Reports
Distributor Fee

The BX and PSX short sale files are available for free download.
$500
*Fee effective August 1, 2010

NASDAQ 144A Reference Database Report
Entitlement Name Usage Tier Annual Fee Details
NASDAQ 144A Reference
Database Report
Distributor Fee
1 to 20
subscribers
$20,000
per calendar year
Not to exceed $200,000 for access to all
144A Reference Database Report historical
data files dating back to 1990.
21 or more
subscribers
$50,000
per calendar year
Not to exceed $500,000 for access to all
144A Reference Database Report historical
data files dating back to 1990.

NASDAQ Annual Administration Fees and Monthly License Fees

NASDAQ Annual Administration Fees
Entitlement Name Usage Type Fee
NASDAQ Global Data Products —
Annual Administration Fee
Delayed Data Products $500 per year
Web-Based Products $1,000 per year
Real-Time Data Products $1,000 per year
NASDAQ Monthly License Fee
Entitlement Name Usage Type Fee
NASDAQ Managed Data Solutions License Fee
(For the right to offer Managed Data Solutions to Clients)
Nasdaq Depth Products* $1,500 per month

*Includes Level 2, OpenView and TotalView


Details:

The usage fees are assessed based on the number and type of subscribers that access NASDAQ OMX market data. See the NASDAQ OMX Data Policies document for additional information. Please consult with your NASDAQ OMX Global Data Product account manager to determine which fee option is best suited to your company's needs.

For NASDAQ OMX real-time data feed products, the distributor fees are assessed on subscribers that receive NASDAQ OMX information in a data feed format. This product is also covered by NASDAQ OMX annual administration fee(s). Refer to NASDAQ OMX Data Policies document for details.

The monthly Enhanced Display Solution fee gives Distributors the right to provide U.S. Depth Information on an API or similar solution delivered from a Controlled Terminal. For additional information, please refer to Data News #2012-1.

NASDAQ Depth Non-Display: The NASDAQ Depth Non-Display fees are only applicable to direct access subscribers. Indirect Depth Non-Display subscribers will pay the NASDAQ TotalView Usage fees.

TotalView-ITCH FPGA is an optional service upgrade for data feed subscribers and MDS clients. Distributors using the TotalView-ITCH FPGA product would be subject to the TotalView hardware-based distributor fees in addition to the other listed NASDAQ TotalView® / NASDAQ OpenView distributor and usage fees.

NASDAQ OMX requires new Subscribers to Historical Data Products to pay 12 months of historical data product fees. Subscribers will be billed monthly for 12 months of service and will not be allowed to cancel billing during this time. After 12 months, the firm may cancel at any time. Refer to NASDAQ OMX Data Policies document for details.

For NASDAQ OMX web-based reports, the distributor fees are assessed based on the number of Subscribers. This product is also covered by the NASDAQ annual administration fee. Refer to NASDAQ OMX Data Policies document for details.

NASDAQ Basic only:

Under the NASDAQ Basic program, NASDAQ OMX may credit distributors for a portion of the monthly NASDAQ Basic Distributor Fees up to a maximum of $1,500. See the NASDAQ OMX Data Policies document for additional information on the Non-Professional Derived Data License. Please contact NASDAQ OMX Global Data Products at +1 301 978 5307 (Option #1) for details.

The Derived Data License covers non-professional subscriber fees only; firms must still pay applicable distributor fees and professional subscriber fees.

Subscribers of the NASDAQ Basic web service must still play applicable distributor fees and subscriber fees.

*Customers entitled to the Enterprise License of NASDAQ Last Sale receive GIDS at no additional fee.

TotalView only:

The NASDAQ GLIMPSE retransmission facility is covered by the TotalView direct access fee.

The enterprise license option for professional and non-professional subscribers is available to NASDAQ OMX broker/dealer firms only. The enterprise license for non-display terminals is available to NASDAQ OMX internal data distributors only. Enterprise licenses cover subscriber fees only; firms must still pay applicable distributor fees. For some products, there may be a minimum subscription length. Please contact your NASDAQ OMX Global Data Product account manager to discuss these pricing options.

Other NASDAQ OMX products with enterprise license option:

The enterprise license option is available to all firms. For some products, there may be a minimum subscription length. Please contact your NASDAQ OMX Global Data Product account manager to discuss this pricing option.

The FilterView distributor fee is assessed only on firms that access a filtered data feed product offered directly by NASDAQ OMX.

All distributors of NASDAQ OMX proprietary data are subject to the NASDAQ OMX Annual Administration Fee. The fee is assessed upon a firm based on its highest level of service. Please note that there is a separate annual administration fee for UTP Level 1 data. See the NASDAQ OMX Data Policies document for additional information.