Friday, February 27, 2015

Equity Trader Alert #2015 - 26
Nasdaq Updates Fees for Post-Trade Risk Management Service

Category:

  • Pricing
  • System Impact

Markets Impacted:

Contact Information:

Resources:


Effective Monday, March 2, 2015, pending SEC approval, the following fees will be updated for Post-Trade Risk Management service:

  • Nasdaq is updating the per trade charge to $0.03
    • Firms with relationships that have less than 17,000 trades and less than 50 total correspondents will be subject to flat $500 fee per correspondent in lieu of the per trade charge
  • No changes are being made to:
    • Correspondent Charge of $17.25
    • Maximum Charge of $7,500 per correspondent

Please visit the TradeGuard Trader Page to learn more about the features of Nasdaq Risk Management Service.


   

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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.