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Wednesday, January 23, 2013

Data News #2013 - 1
NASDAQ OMX Announces Nordic Equity Non-Display Fee Adjustments Effective March 1, 2013

Markets Impacted:

  • NASDAQ OMX Nordic

Products Impacted:

  • Nordic Equity Non-Display

Contact Information:

What you need to know:

  • Effective March 1, 2013, NASDAQ OMX will introduce fee adjustments via a new product structure for Nordic Equity Non-Display data products in order to equitably distribute fees amongst user types and organization sizes.
 

What is being announced?

Effective March 1, 2013, NASDAQ OMX® will introduce a new product structure for Nordic Equity Non-Display data. Non-Display usage of Nordic Equity data will be categorized into different products based on the way in which the data is sourced and used. Refer to the Nordic Equity Non-Display Data Product FAQ document on the NASDAQ OMX Trader® website for a complete description of the categories.

What is the new pricing structure for Nordic Equity Non-Display data?

Effective March 1, 2013, NASDAQ OMX will introduce the following pricing for Nordic Equity Non-Display data products:


Nordic Equity Non-display

Service Level Subscriber Fee(per month)
Sponsored Access/DMA trading
€ 1,000
Sponsored Access/DMA trading - Direct Access
€ 2,500
Nordic Equity Non-Display - Calculation and Verification
€ 500
Nordic Equity Non-Display Depth Indirect Access/Manual Intervention
€ 2,0001
Nordic Equity Non-Display Level 1 - Manual Intervention
€ 1,000
Nordic Equity Non-Display Depth Direct Access- Automated Order and Pricing
See separate table
Nordic Equity Non-Display Level 1- Automated Order and Pricing
€ 2,000

1. 75% discount for members paying less than € 10,000/month for NASDAQ OMX Nordic Equity data - Free for members paying more than € 10,000/month for Nordic Equity data.

Nordic Equity Non-Display Depth Direct Access - Automated Order and Pricing

Market data Nordic Equity Display and Distributor Fees per month Subscriber Fee(per month)
€ 0 - € 1,000
€ 4,0001
€ 1,001 - € 10,000
€ 3,0001
€ 10,001 - € 20,000
€ 2,500
€ 20,001 - € 30,000
€ 1,500
€ 30,001 - € 40,000
€ 1,000
€ 40,001 - >
€ 0

1. For NASDAQ OMX Nordic Equity Members with less than 0.05% total market share on the NASDAQ OMX Nordic main equity markets the fee is € 2,500 per month.

Why is NASDAQ OMX making these changes?

The usage of non-display data is broadening, as are the variety of ways in which it can be used. NASDAQ OMX will alter the Nordic Equity Non-Display pricing structure in order to accommodate these trends. This re-structuring is designed to equitably distribute fees amongst user types and organization sizes. In some cases, this may result in either a fee increase, or that the customer will see no change.

Where can I find additional information?


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