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Wednesday, December 17, 2014

Data News #2014 - 13
Nasdaq Modifies Fees Paid by Extranet Providers for Customer Premises Equipment (CPE)

Markets Impacted:

Products Impacted:

  • Products from the aforementioned exchanges
  • Non-exchange CPE products listed below in Category 3

Contact Information:

What you need to know:

  • Effective Thursday, January 1, 2015, Nasdaq will make the following fee changes to the Customer Premises Equipment (“CPE”) fees that are assessed to Extranet providers.
  • Nasdaq is initiating these changes in order to harmonize pricing across all markets and products.

What is changing?

Effective Thursday, January 1, 2015, Nasdaq will introduce and/or modify Customer Premises Equipment (CPE) fees that are assessed for connectivity through an Extranet. These fees are pending filing with the Securities and Exchange Commission (SEC) and affect Customer Premises Equipment (CPE) fees that are assessed for connectivity through an Extranet. These fees are currently, and will continue to be billed directly to the Extranet provider.

What is the definition of a Customer Premises Equipment (CPE) configuration?

A CPE configuration shall mean any line, circuit, router package or other technical configuration used by an Extranet to provide Information via a direct access connection to a recipient’s site. A primary and backup configuration supplied to a single location for a single Nasdaq Market is considered a single CPE Configuration.

What is the 2015 pricing structure for a CPE configuration?

Nasdaq is initiating these changes in order to harmonize pricing across all markets and products, and is providing notice as per the terms of the Nasdaq Global Extranet Agreement. These fees will continue to be billed directly to the Extranet provider.

As of January 1, 2015, the Extranet fee schedule will be as follows:


Category Market Category Market Fee
1 The Nasdaq Stock Market
The Nasdaq Options Market		 $1,000 per CPE, as of January 1, 2015
2 Nasdaq BX
BX Options		 $1,000 per CPE, as of January 1, 2015
3 Non-Exchange CPE Products such as
Global Index Data Service (GIDS)
Mutual Fund Dissemination Service (MFDS)
Nasdaq Last Sale Plus (NLS Plus)		 $1,000 per CPE, as of January 1, 2015
4 Nasdaq PSX
Nasdaq PHLX		 $1,000 per CPE, as of January 1, 2015

What do I need to do?

Per the Nasdaq Extranet Requirements, Extranets are required to submit detailed reports each month listing each CPE location by Subscriber Firm to Nasdaq. Please contact Data Operations if your firm needs assistance in providing this monthly usage report.

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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