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Friday, November 9, 2012

Data News #2012 - 20
NASDAQ OMX Announces Nordic Equity Managed Data Solutions and Nordic Fee Adjustments Effective January 1, 2013

Markets Impacted:

  • NASDAQ OMX Nordic

Products Impacted:

  • Nordic Equity
  • Nordic Fixed Income
  • Nordic Derivatives

Contact Information:

What you need to know:

  • Effective October 1, 2012, Nordic Equity Managed Data Solutions was made available for Private clients.
  • Effective January 1, 2013, NASDAQ OMX® will introduce fee adjustments for certain Nordic Equity, Nordic Derivatives and Nordic Fixed Income data products.
  • For fee adjustments, NASDAQ OMX will automatically charge the fees as of January 1, 2013.
 

What new optional product will now be offered?

As announced in Global Data Products Newsletter 2012 #19, NASDAQ OMX began offering an optional Nordic Equity Managed Data Solution for Private clients, effective October 1, 2012. The fee schedule is as follows:

Service Level
Subscriber Fee(per month)
Details
Nordic Equity Managed Data Solution (Nordic MDS-Private)
€20 per Private Subscriber
 Distribution of a NASDAQ OMX Nordic Equity real time market data product for Subscriber usage in internal non-display applications, servers, or similar services where the Distributor controls the entitlements. The usage reporting obligation resides with the Distributor, based on per Subscriber.

Which Distributor fees will be adjusted?

As announced in Global Data Products Newsletter 2012 #19, and effective January 1, 2013, NASDAQ OMX will adjust the following Distributor fees for Nordic data products:

Nordic Equity - NASDAQ OMX will simplify the Nordic Equity Business Distributor Fees. Please note that Member discounts still apply. Private Distributor fees and Direct Access fees are not affected by these changes.

Service Level
Distributor Fee
Nordic Equity Level 1 and/or

Nordic Equity Level 2 and/or

Nordic Equity TotalView Distributor Fee
Business €40001

1. 50% discount for members of NASDAQ OMX Nordic Exchange

Nordic Fixed Income - NASDAQ OMX will simplify the Nordic Fixed Income Business Distributor fees. Please note that Member discounts still apply and Private Distributor fees are not affected by these changes.

Service Level
Distributor Fee
Nordic Fixed Income Level 2 and/or

Nordic Fixed Income TotalView Distributor Fee
Business €30001

1. 50% discount for members of NASDAQ OMX Nordic Exchange

Which Subscriber fees will be adjusted?

As announced in Global Data Products Newsletter 2012 #19, and effective January 1, 2013, NASDAQ OMX will adjust the following Subscriber fee for Nordic data products:

Nordic Derivatives - NASDAQ OMX will increase the Nordic Derivatives Business Subscriber fee. Private Subscriber fees are not affected by these changes.

Service Level
Subscriber Fee (per month)
Nordic Derivatives Level 2 Business Subscriber
Business Level 2: €28/Subscriber

Why is NASDAQ OMX making these changes?

NASDAQ OMX is making these changes in an effort to keep costs fair for all market data distributors, while simplifying the fees and administration for the products. The new pricing also takes into account previous product improvements requested by customers as well as ongoing enhancements that will provide additional value.

Some of the recent and future planned improvements in data content, feed quality and administration for the affected products are:

  • The Nordic Equity offerings are continuously developed and expanded, including the recent addition of Norwegian data.
  • The Nordic Fixed Income product has recently been extended to include new market segments, including the First North Bond Markets.
  • The Subscriber fee for the Nordic Derivatives Level 2 product has not been adjusted since the introduction of the product in 2006. During these years NASDAQ OMX has added new information to its offerings and introduced Genium INET as a new, faster, more-robust trading platform.

Where can I find additional information?


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