Search:
   

Monday, June 2, 2008

Data News #2008 - 25
NASDAQ OMX Launches NASDAQ Last Sale (NLS) Service

Please Route to:

  • NASDAQ OMX Market Data Redistributors

What you need to know:

  • Today, NASDAQ OMX officially launched its NASDAQ Last Sale (NLS) service.
    • NLS is a new proprietary data feed product that carries trade data from the NASDAQ Exchange and FINRA/NASDAQ Trade Reporting Facility (TRF) in the full range of NASDAQ-, NYSE- and Amex-listed equities.
    • NLS is priced to promote widespread distribution of real-time trade data via the Internet, television and other electronic media.
  • NASDAQ OMX will waive all NLS distributor and user fees for the month of June 2008.

Who you should contact:

What is NASDAQ Last Sale (NLS)?

NASDAQ Last Sale (NLS) is a new proprietary data product that facilitates the free and widespread distribution of real-time intraday trade data via the Internet and other electronic mediums. NLS allows investors to make more timely and better informed investment decisions by providing real-time last sale data for securities listed on NASDAQ®, NYSE, Amex and regional exchanges – including price, volume and time.

NLS data is derived from NASDAQ’s trading platform, which handles a larger percentage of all U.S. equity trading than any other U.S. exchange. In April, NASDAQ OMX’s matched market share of all U.S. equity share volume was more than any other U.S. exchange for the thirteenth consecutive month at 29.2%.

NLS also carries trade data from the FINRA/NASDAQ Trade Reporting FacilityTM (TRF). In April, firms reported more than 29 billion shares in trade transactions via the FINRA/NASDAQ TRF. FINRA/NASDAQ TRF volume represented 19.6% of total U.S. equity market volume last month.

What is the NLS fee structure?

NASDAQ OMXSM will waive all fees for the NLS product for the month of June 2008.

NASDAQ OMX will offer two levels of entitlement for the NLS service: 1) NLS for NASDAQ-listed issues and 2) NLS for NYSE-/Amex-listed issues. To ensure widespread distribution of NLS, NASDAQ OMX will offer multiple fee schedule options as well as monthly fee caps.

NLS Fees
Type of Subscribers Number of Subscribers Monthly User Fee for NASDAQ-Listed Securities Monthly User Fee for NYSE- and Amex-Listed Securities
Individual Non-Pro User Account 1 - 9,999 $0.60 per non-pro user $0.30 per non-pro user
10,000 - 49,999 $0.48 per non-pro user $0.24 per non-pro user
50,000 - 99,999 $0.36 per non-pro user $0.18 per non-pro user
100,000+ $0.30 per non-pro user $0.15 per non-pro user
Per Query 1 - 10,000,000 $0.003 per query $0.0015 per query
10,000,001 - 20,000,000 $0.0024 per query $0.0012 per query
20,000,001 - 30,000,000 $0.0018 per query $0.0009 per query
30,000,001+ $0.0015 per query $0.000725 per query
Unique Website Visitor 1 - 100,000 $0.036 per unique visitor $0.018 per unique visitor
100,001 - 1,000,000 $0.03 per unique visitor $0.015 per unique visitor
1,000,001+ $0.024 per unique visitor $0.012 per unique visitor
Television Households(Broadcast or Cable) 1 - 1,000,000 $0.0096 per household $0.0048 per household
1,000,001 - 5,000,000 $0.0084 per household $0.0042 per household
5,000,001 - 10,000,000 $0.0072 per household $0.0036 per household
10,000,001+ $0.006 per household $0.003 per household
Monthly Fee Cap N/A $100,000 per firm $50,000 per firm

 

Please note that all firms that carry NLS data will also be subject to a $1,500 per month distributor fee.

Where can I find additional information?

Please follow Nasdaq on Facebook RSS and Twitter.

Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $13 trillion. To learn more, visit: business.nasdaq.com.

View NASDAQTrader.com Mobile