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Wednesday, October 7, 2015

Data News #2015 - 6
Nasdaq Announces Price Changes For the Global Index Data Service (GIDS) Effective January 1, 2016

Markets Impacted:

  • All Markets

Data Feeds Impacted:

  • Nasdaq Global Index Data Service (GIDS)

Contact Information:

What you need to know:

  • Effective Friday, January, 2016, Nasdaq® will implement price changes to its Global Index Data ServiceSM (GIDS).
  • GIDS is a Nasdaq premier data feed that consolidates all Nasdaq Indexes and ETF valuation data, as well as third party data in a single outbound stream.
  • Nasdaq has made many notable recent technology improvements and will continue to enhance the product in 2016.

What is changing?

Effective January 1, 2016, Nasdaq Global Index Data ServiceSM (GIDS) fees will be as follows:

Access Fees Monthly Fee
Direct Access Fee $2,000
Usage Fees New Monthly Fee New Usage Tier if applicable
Real Time
Internal		 $850 1 to 100
$2,500 101+
Real Time
External		 $3,500 1 to 499
$8,500 500 to 9,999
$12,500 10,000 to 29,999
$15,000 30,000 +
Derived $1,000
Delayed
Internal		 $500
Delayed
External		 $1,000
Hosted Solution – Delayed Per Firm $250
Hosted Solution – Real Time Per Firm $750
Hosted Solution - Enterprise License $20,000

How will the new pricing affect my firm?

As Nasdaq has updated the usage tiers for GIDS data, your organization may move to another usage tier. If you have any questions on your usage tier and monthly fee, please contact your Nasdaq Sales Representative.

Please note the following:

  • Distributors disseminating GIDS through a website or broadcast of cable television are capped at $8,500 per organization per month.
  • Distributors that provide the Information on a Controlled Device pay either the Real Time Internal or Real-Time External fee.
  • Distributors that provide the Information on a Controlled Device and a public website would be capped at $15,000 as part of the Enterprise License.

What are the recent and upcoming improvements to GIDS?

Nasdaq disseminates over 40,000 Indexes and 750 ETF Valuation data points on its GIDS feed. Since the last pricing change, Nasdaq has created a global family of indexes, broken down by region, country, and Industry Classification Benchmark (ICB) sector, which highly collaborates to leading indexes in the market.

Over the past few years there has been a drastic expansion on the number of tradeable indexes added to the GIDS feed. 2015 has seen the addition of over 500+ Indexes and ETFs IPV, and there are now a total of 153 Global Exchange Traded Products (ETPs) tracking Nasdaq indexes with over $100 billion in AUM. Nasdaq continues down this path of increasing the value of GIDS by adding more ETPs licensed to Nasdaq indexes. The following Index families are available on GIDS that have significant Industry adoption.

Index Family Description Current AUM
Dividend and Income Index Family Largest providers of dividend-themed indexes in the world $24 Billion
Dorsey Wright Index Family Leader in Technical Analysis and Relative Strength $8 Billion
BulletShares Indexes Corporate & High Yield Corporate bond indexes $6.5 Billion
AlphaDEX Index Family Growth and Value factors $1 Billion
KBW Financial Index Family Targeted exposure to each individual financial sector $948 Million
Commodity Index Family 10 sector indexes and single indexes based on 33 different futures-based commodities $306 Million

Additionally, Nasdaq completed a technology update to ensure the feed continues to achieve a high level of performance and resiliency and also enables the feed to be available and open during the Asia Pacific market hours. Clients can now also connect to an additional multicast connection, offering firms an alternative redundancy option, for data continuity.

In 2016, GIDS will support Exchange-Traded Managed Funds, (ETMFs). These are a hybrid of exchange-traded funds (ETFs) and actively managed mutual funds. They feature lower costs and more tax benefits than actively managed funds, but holdings only need to be disclosed monthly or quarterly. GIDS will populate an Intraday Indicative Value (IIV) for ETMFs.

In 2016, Nasdaq will be introducing a new index interface to capture index data from third-party data partners. The service, will, allows firms to connect to Nasdaq via an Application Programming Interface (API) or direct peer-to-peer connection. Firms will be able to send real-time and end-of-day information directly to Nasdaq who will in turn distribute it through one or several of its market-leading dissemination channels. This will further support third party index data and numerous different instruments will be disseminated directly from the GIDS feed so we expect continuous content expansion over the coming years.

Where can I find additional information?

  • Refer to the Global Index Data Service product page on the Nasdaq Trader® website.
  • For additional information about Nasdaq market data policies, please refer to the Nasdaq Global Data Policies.
  • Refer to the Global Indexes website for more information about our index offerings.
  • Contact Nasdaq Global Data Products at + 1 301 978 5307 or + 45 33 93 66.

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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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