Nasdaq Global Data Products
All U.S.-based Products Price List

Pricing information on the Nasdaq Nordic and Baltic markets can be found here. (http://nordic.nasdaqomxtrader.com/marketdata/pricinginformationwide/).

The NASDAQ Stock Market

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: $375 per subscriber
Non-Professional: $60 per subscriber
Enhanced Display Solution Nasdaq Issues Professional/Corporate: $74 per subscriber
Non-Professional: $14 per subscriber
NYSE and NYSE MKT Issues Professional/Corporate: $6 per subscriber
Non-Professional: $1 per subscriber
Nasdaq Depth Non-Display
(Direct Access Only)
Nasdaq, NYSE and NYSE MKT Issues 1 to 39 subscribers = $375 per subscriber
40 to 99 subscribers = $15,000
100 to 249 subscribers = $30,000
250 subscribers or more = $75,000
Nasdaq Depth Non-Display Platform Nasdaq, NYSE and NYSE MKT Issues $5,000 per Trading Platform
(up to a maximum charge of $15,000)
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
FilterView/NOIView 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 $2,500 per Distributor
Enhanced Display Solution Nasdaq, NYSE and NYSE MKT Issues 1 to 399 subscribers = $4,000
400 to 999 subscribers = $7,500
1,000 subscribers or more = $15,000

plus applicable EDS 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)
Nasdaq TotalView / Nasdaq OpenView
Enterprise License— Enhanced Display Solution
Nasdaq, NYSE and NYSE MKT Issues $33,500 plus applicable TotalView and OpenView subscriber fees
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 = $5,000
Additional Subscribers = $750 each



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)
Nasdaq Basic—
Broker Dealer Enterprise License
Nasdaq, NYSE and Amex Issues $100,000 per broker dealer electronic system
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
Data Consolidation Fee
Nasdaq Basic with NLS Plus Nasdaq, NYSE and
NYSE MKT Listed Issues
$350
Monthly Administrative Fees
Nasdaq Basic with NLS Nasdaq, NYSE and
NYSE MKT Listed Issues
Nasdaq: $100
Nasdaq Basic with NLS Plus Nasdaq, NYSE and
NYSE MKT Listed Issues
Nasdaq: $100
BX: $100
PSX: $100



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 $41,500 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
Monthly Administration
Fees
Nasdaq, NYSE and
NYSE MKT Listed Issues
Nasdaq: $100
BX: $100
PSX: $100
Monthly Data Consolidation Fee Nasdaq, NYSE and
NYSE MKT Listed Issues
$350



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 Level 2
Entitlement Name Security Coverage Monthly Fee
Usage Fees
Nasdaq Level 2 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
Enhanced Display Solution Nasdaq Issues Professional/Corporate: $74 per subscriber
Non-Professional: $14 per subscriber
NYSE and NYSE MKT Issues Professional/Corporate: $6 per subscriber
Non-Professional: $1 per subscriber
Nasdaq Depth Non-Display
(Direct Access Only)
Nasdaq, NYSE and NYSE MKT Issues 1 to 39 subscribers = $375 per subscriber
40 to 99 subscribers = $15,000
100 to 249 subscribers = $30,000
250 subscribers or more = $75,000
Nasdaq Depth Non-Display Platform Nasdaq, NYSE and NYSE MKT Issues $5,000 per Trading Platform
(up to a maximum charge of $15,000)
Managed Data Solution
(Internal Use Only)
Nasdaq, NYSE and NYSE MKT Issues Professional/Corporate: $375 per subscriber
Non-Professional: $60 per subscriber
Depth Distributor Fees
Nasdaq Depth Fee 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 399 Subscribers = $4,000
400 to 999 Subscribers= $7,500
1,000 or more Subscribers = $15,000

plus applicable EDS Level 2 and OpenView subscriber fees



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



Nasdaq 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: $150 per subscriber
Non-Professional: $20 per subscriber
Distributor Fees
BX TotalView Nasdaq, NYSE and Regional Issues Internal Distribution: $750 per firm
External Distribution: $1,500 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 $1,500 per distributor
Enterprise License Option
BX TotalView Non-Display Usage Nasdaq, NYSE and Regional Issues $16,000



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 Monthly Administration Fee
Entitlement Name Usage Type Monthly Fee
BX Data Products —
Monthly Administration Fee
Delayed Data Products $50 per firm
Real-Time Data Products $100 per firm



Nasdaq 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: $150 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 $1,500 per Distributor
Enterprise License Option
PSX TotalView Non-Display Usage Nasdaq, NYSE, NYSE Amex and NYSE Arca $16,000



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 Monthly Administration Fee
Entitlement Name Usage Type Monthly Fee
PSX Data Products —
Monthly Administration Fee
Delayed Data Products $50 per firm
Real-Time Data Products $100 per firm



Nasdaq Web-Based Reports

Nasdaq Data-On-Demand Premier Service
Entitlement Name Security Coverage Annual Fee
Nasdaq Data-On-Demand
Distributor Fee
Nasdaq, NYSE, Amex,
OTCBB and Non-OTC Issues
$24,000 per firm
Download Tier Monthly Fee
Monthly Gigabyte (GB) Download Fees 1 to 300 GB Included in annual 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
$1,750 per organization



Nasdaq Historical TotalView-ITCH*
Entitlement Name Usage Tier Monthly Fee
Nasdaq Historical TotalView-ITCH
Distributor Fee
1 to 500 subscribers $1,250
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



Nasdaq Short Interest
Entitlement Name Usage Tier Monthly Fee
Short Interest
Distributor Fee
Internal Distributor $1,000 per month
External Distributor $2,500 per month



Nasdaq Short Sale Volume Reports
Entitlement Name Usage Tier Monthly Fee
Nasdaq Short Sale Volume Reports
Distributor Fee
Internal Distributor $750 per firm
External Distributor $1,250 per firm


The BX and PSX short sale files are available for free download.




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.



PHLX Options Trade Outline (PHOTO)
Entitlement Name Security Coverage Monthly Fee
Distributor Fees
PHLX Options Trade Outline (PHOTO) Nasdaq PHLX Issues Internal Distribution:
End-of-Day: $500
Intra-Day: $1,500
Historical End-of-Day: $400
Historical Intra-Day: $750



Historical ITTO*
Entitlement Name Monthly Fee
Historical ITTO
Fees are currently waived



Nasdaq Options Trade Outline (NOTO)
Entitlement Name Security Coverage Monthly Fee
Distributor Fees
Nasdaq Options Trade Outline (NOTO) Nasdaq Options Market Issues Internal Distribution:
End-of-Day: $500
Intra-Day: $750
Historical End-of-Day: $250
Historical Intra-Day: $500



NASDAQ Options Market

Nasdaq ITCH-to-Trade Options (ITTO)
Entitlement Name Security Coverage Monthly Fee
Distributor Fees
ITTO - Internal Nasdaq Options $1,500 per firm
ITTO - External Nasdaq Options $2,000 per firm
Non-Display Enterprise License
(Internal Distribution Only)
Nasdaq Options $10,000 per firm
Managed Data Solution Administration Fee* $500 per Distributor
NOM Managed Data Solution Subscriber Fee $125 per Subscriber
FPGA ITTO Distributor Fees
FPGA ITTO Internal Distributor $10,000 per distributor
External Distributor $1,000 per distributor
Internal and External Distributor $11,000 per distributor
Managed Data Solutions (MDS) Distributor 1 subscriber = $1,000
Additional Subscribers = $250 each

*For the right to offer Managed Data Solutions to client organizations

Best of Nasdaq Options (BONO)
Entitlement Name Security Coverage Monthly Fee
Distributor Fees
BONO - Internal Nasdaq Options $1,500 per firm
BONO - External Nasdaq Options $2,000 per firm
Non-Display Enterprise License
(Internal Distribution Only)
Nasdaq Options $10,000 per firm
Managed Data Solution Administration Fee* $500 per Distributor
NOM Managed Data Solution Subscriber Fee $125 per Subscriber

*For the right to offer Managed Data Solutions to client organizations



Nasdaq PHLX

PHLX Depth of Market
Entitlement Name Security Coverage Monthly Fee
Distributor Fees
PHLX Depth of Market NASDAQ OMX PHLX Issues Internal: $4,000
External: $4,500

 

PHLX Orders
Entitlement Name Security Coverage Monthly Fee
Distributor Fees
PHLX Orders NASDAQ OMX PHLX Issues Internal: $3,000
External: $3,500

 

Top of PHLX Options (TOPO)
Entitlement Name Security Coverage Monthly Fee
Distributor Fees
Top of PHLX Options (TOPO) NASDAQ OMX PHLX Issues Internal: $2,000
External: $2,500
Managed Data Solution Administration Fee*
$1,500 per Distributor
PHLX Managed Data Solution Subscriber Fee
$250 per subscriber

*For the right to offer Managed Data Solutions to client organizations

 

TOPO Plus PHLX Orders
Entitlement Name Security Coverage Monthly Fee
Distributor Fees
TOPO Plus PHLX Orders NASDAQ OMX PHLX Issues Internal: $4,000
External: $5,000 user fees - $20 pro, $1 non-pro
PHLX Depth of Market
Entitlement Name Security Coverage Monthly Fee
Distributor Fees
PHLX Depth of Market NASDAQ OMX PHLX Issues Internal: $4,000
External: $4,500



Nasdaq BX Options

BX Options Depth of Market (BX Depth)
Entitlement Name Security Coverage Monthly Fee
Distributor Fees*
BX Depth - Internal BX Options $1500 per firm
BX Depth - External BX Options $2000 per firm
Non-Display Enterprise License
(Internal Distribution Only)
BX Options $2,500 per firm
Subscriber Fees
BX Depth BX Options Internal:
Professional - $10/subscriber

External:
Professional - $10/subscriber
Non-Professional - $1/subscriber

*One distributor fee will allow a subscriber access to both BX Depth and BX Top

BX Options Top of Market (BX Top)
Entitlement Name Security Coverage Monthly Fee
Distributor Fees*
BX Top - Internal BX Options $1500 per firm
BX Top - External BX Options $2000 per firm
Non-Display Enterprise License
(Internal Distribution Only)
BX Options $2,500 per firm
Usage Fees
BX Top BX Options Internal:
Professional - $5/subscriber

External:
Professional - $5/subscriber
Non-Professional - $1/subscriber

*One distributor fee will allow a subscriber access to both BX Top and BX Depth



NASDAQ Futures (NQF)

Entitlement Name Security Coverage Monthly Fee
NFX Futures Nasdaq Futures Exchange Issues Fees are currently waived.



UTP/FINRA

All fees are monthly unless noted. All fees are subject to change at the discretion of Nasdaq or the UTP Plan. Please note that these prices do not include distributor/vendor access charges or telecommunications charges.

UTP Level 1 Monthly Fees
Entitlement Name Security Coverage Monthly Fee
Usage Fees1
UTP Level 1 —
Per Subscriber Option
NASDAQ Issues Professional/Corporate:
$22 Per Subscriber

Non-Professional:
$1 Per Subscriber
UTP Level 1 —
Per Query Option
NASDAQ Issues $0.0075/Query
UTP Level 1 —
Voice Response Port
NASDAQ Issues $21.25 per port
UTP Level 1 —
Cable Television Ticker
NASDAQ Issues First 10 million: $2 per 1,000 Households
Next 10 million: $1 per 1,000 Households
Subsequent: $0.50 per 1,000 Households
Distributor Fees2
UTP Level 1 —
Access Fees
NASDAQ Issues Indirect Access $500 per firm
Direct Access $2,500 per firm
UTP Level 1 —
Hosted Data Feed
(Non-Display Only)
NASDAQ Issues $500 per firm
Redistributor Fees3
UTP Level 1 —
External Redistributor Fees
NASDAQ Issues Delayed Redistributor $250 per firm
Real-Time Redistributor $1,000 per firm
Enterprise License Option4
UTP Level 1 Non-Professionals NASDAQ Issues $624,000 per firm
Non-Display Fees5
Non-Display Trading Platform NASDAQ Issues $3,500 Per Trading Platform
Non-Display Internal Use
(Internal Enterprise License)
NASDAQ Issues $3,500 Per Firm
Non-Display External Use
(External Enterprise License)
NASDAQ Issues $3,500 Per Firm



UTP Annual Administration Fee
Entitlement Name Usage Tier Annual Fee
UTP Level 1 Annual Administration Fee Delayed Data Only $250

Global Data

All fees are monthly unless noted.  All fees are subject to change at the discretion of Nasdaq or the UTP Plan.  Please note that these prices do not include distributor/vendor access charges or telecommunications charges.

Nasdaq Global Index Data Service (GIDS)
Entitlement Name Security Coverage Monthly Fee
Distributor Fees
GIDS Distributor Fee - Internal Nasdaq Indexes 1 to 100 subscribers: $850
101+ subscribers: $2,500
GIDS Distributor Fee - External Nasdaq Indexes 1 to 499 subscribers: $3,500
500 to 9,999 subscribers: $8,500
10,000 to 29,999 subscribers: $12,500
30,000+ subscribers: $15,000
GIDS Direct Access Nasdaq Indexes $2,000 per firm
GIDS Derived Nasdaq Indexes $1,000 per firm
GIDS Delayed Distributor Fee – Internal Nasdaq Indexes $500 per firm
GIDS Delayed Distributor Fee – External Nasdaq Indexes $1,000 per firm
Hosted Solution
Per Delayed Hosted Firm Nasdaq Indexes $250
Per Real-Time Hosted Firm Nasdaq Indexes $750
Enterprise License Nasdaq Indexes $20,000



NASDAQ OMX Global Index Watch (GIW)
Entitlement Name Security Coverage Monthly Fee
Distributor Fees
GIW US Family (including PHLX) - Internal Use Only NASDAQ OMX Indexes
U.S. and Global
$3,000 per firm
GIW Green Economy Family - Internal NASDAQ OMX Green Economy $300 per firm
GIW NASDAQ Axioma Equity-Commodities - Internal NASDAQ Axioma Equity-Commodities $1,000 per firm
Fee Hoilday till October 2012
GIW NASDAQ U.S. All Market Family - Internal NASDAQ U.S. All Indexes $2,000 per firm
GIW U.S. Treasury Fixed Income - Internal Use Only U.S. Treasury Fixed Income First site location: $2,500
Each additional site location: $1,250
Enterprise cap per firm: $5,000
GIW Sharia Family - Internal NASDAQ OMX Sharia $1,000 per firm
GIW Nordic & Baltic Family (bundled) -
Internal
NASDAQ OMX Indexes
Nordic & Baltic (bundled)
€ 835 per firm
GIW Nordic Family -
Internal
NASDAQ OMX Indexes
Nordic only
€ 585 per firm
GIW Baltic Family -
Internal
NASDAQ OMX Indexes
Baltic only
€ 250 per firm



Mutual Fund Dissemination Service (MFDS)

Mutual Fund Data Products
Entitlement Name Description Monthly Rate
Mutual Fund Dissemination Service (MFDS) - Direct Access Monthly fee to receive MFQS daily valuation data directly from Nasdaq $500
Mutual Fund Dissemination Service (MFDS) - External Distribution Monthly fee to redistribute real-time MFQS daily valuation data to third party users 1 to 499 subscribers: $1,000
500 to 4,999 subscribers: $2,500
5000+ subscribers: $5,000
Monthly fee to redistribute delayed MFQS daily valuation data to third party users $500 per firm
Mutual Fund Dissemination Service (MFDS) - Internal Distribution Real-time Distributor Fee $750 per firm
Delayed Distributor Fee $250 per firm
Mutual Fund Dissemination Service (MFDS) - Hosted Solution Monthly fee to display MFQS daily valuation data via a hosted solution product Per Delayed Hosted Firm: $50
Per Real-Time Hosted Firm: $100
Enterprise License: $5,000
MFQS Daily List / MFQS Registration Service Monthly fee to access the MFQS Daily List and other reports via secured MFQS website or web service $500



Nasdaq Annual Administration Fee

Nasdaq Administration Fees
Entitlement Name Usage Type Fee
Nasdaq Global Data Products —
Monthly Administration Fee
Delayed Data Products $50 per month
Web-Based Products $100 per month
Real-Time Data Products $100 per month
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* $2,500 per month

*Includes Level 2, OpenView and TotalView



Mutual Fund Quotation Service (MFQS)

Mutual Fund Quotation Service (MFQS)
Fee Type Description Rate
MFQS Instrument Registration Fees
MFQS Annual Fee for Issuers / Fund Families Annual instrument listing fee invoiced by Nasdaq $600 per MFQS instrument
MFQS Valuation Service Fees
MFQS Valuation Service - Data Entry / Access Fee Monthly access fee for MFQS issuers and MFQS pricing agents to enter Valuation and corporate action data via secured MFQS website or secured MFQS FTP server $100 per User ID
Computer-to-Computer Interface (CTCI) Monthly fees associated with CTCI connectivity Refer to Nasdaq Transaction Services (NTS) price list



Details:

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

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

For select Nasdaq web-based reports, the distributor fees are assessed based on the number of Subscribers, while other web-based reports have monthly fees assessed on the distribution of the data. Internal Distributor is defined as a firm that distributes market data internally (i.e. to employees or authorized agents of the organization and/or within the premises of the Distributor. External Distributor is defined as a firm that distributes the data externally to third-party recipients. The External Distributor fee includes internal usage of the data.Web-based products are also covered by the Nasdaq monthly administration fee. Refer to Nasdaq Data Policies document for details.

NASDAQ Basic only:

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

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 broker/dealer firms only. The enterprise license for non-display terminals is available to Nasdaq 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 Global Data Product account manager to discuss these pricing options.

Other Nasdaq 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 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.

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

1The usage fees are assessed based on the number and type of Subscribers that access real-time UTP/FINRA Level 1 market data. For firms using per query pricing, capping is permitted at the applicable professional or non-professional user rates. See the NASDAQ OMX Data Policies Document for additional information.

2UTP Level 1 Real-Time Annual Administration fee has been replaced with monthly access fees for Level 1 Services. Please refer to UTP Vendor Alert #2011 - 9 - UTP Plan Announces Replacement of Level 1 Real-Time Annual Administration Fee for more information.

3UTP Level 1 Redistributor Fee was introduced January 1, 2014. Please see UTP Vendor Alert #2013-10 for more information.

4The enterprise license option is only available to broker-dealers registered under the Securities Exchange Act of 1934. It covers Non-Professional usage of UTP Level 1 data offered via a single entitlement system. Please note that the enterprise license covers Non-Professional users of UTP Level 1 data entitlements only. Firms must continue to report and pay the applicable usage fees for Professional users accessing UTP Level 1 data as well as annual administration fees.

5UTP Level 1 Non-Display Fees were introduced January 1, 2015. Please see UTP Vendor Alert #2014-5 for more information.

For GIDS/GIW:

For opportunities to distribute index data along with Nordic depth information under an Enterprise License, please contact NASDAQ OMX Global Data Products.

Nasdaq modified its MFQS instrument fee schedule as of January 1, 2016. For details, refer to MFQS News #2015-4. Please note that MFQS instrument fees are typically paid by the issuer or sponsor firm.

MFQS Valuation Service access fees are typically paid by the firm that submits daily fund price data into Nasdaq.