Friday, October 15, 2010

Data News #2010 - 26
NASDAQ OMX Introduces New Fee Structure for Hosted Solution Products

Markets Impacted:

  • All Markets

Products Impacted:

  • Nordic Level 1
  • Nordic Level 1 Equity Delayed
  • Nordic TotalView
  • Nordic Last Sale
  • Global Index Data ServiceSM (GIDSSM)
  • Mutual Fund Dissemination ServiceSM (MFDSSM)

Contact Information:

What you need to know:


  • Effective January 1, 2011, NASDAQ OMX® will assess fees to firms that offer controlled Hosted Solutions.
  • NASDAQ OMX will update its policy whereby providers of controlled Hosted Solutions containing NASDAQ OMX data must report and pay for the number of Hosted Solutions customers.
  • For NASDAQ OMX U.S. Market Data, NASDAQ OMX will not assess separate fees related to Hosted Solutions Product distribution prior to January 1, 2011.
 

What is a Hosted Solution?

A Hosted Solution is a delivery option for a controlled data product that contains NASDAQ OMX information offered by a distributor on behalf of a client organization, where the distributor can substantially control the information for the purpose of reporting usage or qualification. Controlled data products include systems where the Distributor monitors and controls the entitlement and access to the market data.

Rather than creating their own systems and displays, the client organization contracts with the distributor to create and administer a website or other system on its behalf. When the distributor allows a client organization - that is not receiving uncontrolled access to the data - to label, brand, or benefit from the distributor’s distribution of information to the external subscribers of the client organization, NASDAQ OMX deems this to be a Hosted Solution. Please contact NASDAQ OMX if your firm would like a determination of whether a particular product is considered a Hosted Solution.

Why is NASDAQ OMX implementing this fee?

NASDAQ OMX recently completed a comprehensive review of the market data product suite. Most recently, NASDAQ OMX specifically reviewed the pricing for Hosted Solutions products. In an effort to harmonize the fee structures globally, NASDAQ OMX is now introducing a global solution for a subset of data products.

NASDAQ OMX will continue to strive toward providing the full range of product choices demanded by our global customer base. Feedback is extremely valuable and will always be carefully considered when reviewing future initiatives.

What are the new fees for Nordic Hosted Solutions?

As of January 1, 2011, NASDAQ OMX will charge for Hosted Solutions containing the following NASDAQ OMX Nordic data products:

  • NASDAQ OMX Nordic Level 1
  • NASDAQ OMX Nordic Level 1 Equity Delayed
  • NASDAQ OMX Nordic TotalView
  • NASDAQ OMX Nordic Last Sale

The charges to be paid by distributors of Hosted Solutions containing NASDAQ OMX Nordic data shall be:

Delayed Service Levels Per Delayed Hosted Firm
Nordic Delayed Data Recipient € 300 per month
Nordic Delayed Issuer € 45 per month
Nordic Delayed Data Issuer Peer Group € 85 per month

Real-Time Service Levels Per Real-Time Hosted Firm
Nordic Real-time Issuer € 200 per month
Nordic Real-time Issuer Peer Group € 500 per month
Nordic Last Sale € 3,000 month
Nordic Equity Level 1 and Level 2 Private
(+ Subscriber fees apply where applicable)
€ 750 per month
Nordic Equity Level 1 and Level 2 Business
(+ Subscriber fees apply where applicable)
€ 2,000 per month

What are the new fees for Hosted Solutions for NASDAQ OMX U.S. Market Data?

As of January 1, 2011, NASDAQ OMX will charge for Hosted Solutions containing the following NASDAQ OMX U.S. data products:

  • NASDAQ OMX Global Index Data ServiceSM (GIDSSM)
  • NASDAQ OMX Mutual Fund Dissemination ServiceSM (MFDSSM)
Service level Per Delayed Hosted Firm Per Real-Time Hosted Firm Enterprise License
NASDAQ OMX MFDS $ 50 per month$ 100 per month$ 5,000 per month
NASDAQ OMX GIDS $ 50 per month$ 350 per month$ 10,000 per month

How will my firm's usage reporting be affected?

Effective January 1, 2011, the following usage reporting changes will take effect:

Summary Usage Reporting: Firms providing Hosted Solutions for fee liable data products will need to begin to submit monthly summary usage reports via the Reporting System (OLIVER Usage Reporting) . Then, based upon the summary usage reports, NASDAQ OMX will invoice your firm for the number of Hosted Solutions, or the Enterprise License, if applicable.

Detailed Usage Reporting: Firms providing Hosted Solutions for fee liable data products will also need to begin to include the Hosted Solution clients in the monthly detailed usage reports. Such reports may be provided to NASDAQ OMX via VRXML, Excel or VARS. Please see the links below for detailed usage report submission options.

Where can I find additional pricing information?

    The full price lists are accessible at the following links:

Where can I find additional information?


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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 $12 trillion. To learn more, visit: business.nasdaq.com.