Monday, October 01, 2012
Data News #2012 - 18
NASDAQ OMX Announces New Fee Structure and Enhancements for NASDAQ OMX Daily List and Fundamental Data
What you need to know:
What enhancements will be made to the NASDAQ Daily List product?
On Friday, November 9, 2012, NASDAQ OMX will introduce five new fields in the NASDAQ Equity with and without CUSIP1 file formats. The new fields will be as follows:
- Country of Incorporation – Provides the country where the issuer of a NASDAQ-listed security was incorporated.
- Leveraged ETF Flag * – This field will be populated with a value of "Yes" for a leveraged NASDAQ-listed exchange-traded fund (ETF).
- Leveraged ETF Ratio * – Indicates the ratio at which the leveraged ETF operates as compared to the underlying index.
- Inverse ETF Flag * – This field will be populated with a value of "Yes" to indicate an inverse NASDAQ-listed ETF.
- LULD Tier Indicator * – Indicates the tier that a security will be monitored in relation to the Limit Up-Limit Down rule.
*Please note: These new fields are in support of the Limit Up-Limit Down (LULD) rule and will not be populated until the implementation of the rule. The LULD rule is scheduled to be implemented on February 4, 2013, on a one-year pilot basis. For details, refer to the approval order on the SEC website.
In addition to the new data fields, NASDAQ OMX will include an enhanced version of the NASDAQ Symbol Directory on the Daily List online display. Along with the current fields available in the directory, the enhanced symbol directory will include:
- Dual-listed flag
- Country of Incorporation
- Leveraged ETF Flag
- Leveraged ETF Ratio
- Inverse ETF Flag
- LULD Tier Indicator
**Please note: CUSIP will only be available to those subscribers that are currently approved to receive CUSIP data.
What are the pricing changes for Daily List and NASDAQ Fundamental Data products?
Pending Securities and Exchange Commission filing process, effective January 1, 2013, NASDAQ OMX will combine the Daily List and Fundamental Data entitlements. Customers exclusively subscribed to one of the data products will now have access to both Daily List and Fundamental Data on this date for one, low simplified price. There will be no change in how clients access either product.
Effective January 2013, the revised pricing for Daily List and/or Fundamental Data will be as follows:
|Distributor Fee||Monthly Fee|
|NASDAQ Daily List and/or Fundamental Data||$1500 per organization|
Why is NASDAQ OMX implementing this fee change?
NASDAQ OMX has made this change in an effort to keep costs fair for all market data distributors, while simplifying the fees and administration of both products. The new pricing takes into account previous product improvements requested by customers as well as ongoing enhancements that will provide additional value.
Where can I find additional information?
- Please contact NASDAQ OMX Global Data Products at +1 301 978 5307.
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About the NASDAQ OMX Group: The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with more than 3,600 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit www.nasdaqomx.com.