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Tuesday, October 1, 2013

Data News #2013 - 7
NASDAQ OMX Announces Level 2 Fee Changes as of January 1, 2014

Markets Impacted:

  • NASDAQ Stock Market

Products Impacted:

  • NASDAQ Level 2

Contact Information:

What you need to know:

  • Effective January 1, 2014, the NASDAQ Level 2 Professional Subscriber fee will increase by $5 per month.
  • The NASDAQ Level 2 Non-Professional Subscriber fee and the NASDAQ OpenView Non-Professional and Professional Subscriber fees will remain unchanged.
 

What is changing?

Pending Securities and Exchange Commission filing, NASDAQ OMX® is moving toward a more harmonized price of its Level 2 offering with NASDAQ TotalView®. The price change allows NASDAQ OMX to continue to support this legacy product for the short-term in parallel to the premier, full-depth product, NASDAQ TotalView.

As such, NASDAQ OMX will increase the NASDAQ Level 2 Professional Subscriber fee by $5 per month as of January 1, 2014. Note that the NASDAQ Level 2 Non-Professional Subscriber fee and the NASDAQ OpenView Non-Professional and Professional Subscriber fees will remain unchanged.

For customers interested in a premier full-depth offering, NASDAQ TotalView is the best alternative to Level 2. For more information on this premier product and how it differs from NASDAQ Level 2, please visit NASDAQ TotalView Benefits.

This 90-day notice period provides Distributors and Subscribers time to budget accordingly in preparation for 2014.

What is the new fee schedule for NASDAQ Level 2?

Effective January 1, 2014, the NASDAQ Level 2 fee schedule will be as follows:

Service Level Subscriber Fee (per month)
NASDAQ Level 2 Professional $51*
NASDAQ Level 2 Non-Professional $10*

*Subscriber Fees include both Level 2 and OpenView entitlements

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 $13 trillion. To learn more, visit: business.nasdaq.com.

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