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Tuesday, February 1, 2022

Data News #2022 - 1
New Media License introduced for Nasdaq Basic

Markets Impacted:

  • Nasdaq Last Sale Plus
  • Nasdaq Basic

Contact Information:

What you need to know:

Nasdaq is announcing, subject to SEC approval, a new license option that allows distribution of Nasdaq Basic on open and unrestricted websites. Nasdaq will also be enhancing existing Nasdaq Basic Enterprise Licenses for Broker Dealers to provide the option of distributing Nasdaq Basic on an open and unrestricted website.

What is Nasdaq Basic?

Nasdaq Basic is the industry-leading, low-cost Top-of-Book and Last Sale alternative. The product is comprised of the Nasdaq Top of Book Market Data Product (QBBO) and Nasdaq Last Sale or Nasdaq Last Sale Plus.

What is being announced?

Nasdaq is introducing a Nasdaq Basic Digital Media License. This new licensing option allows open and unrestricted media and financial portals—which currently are limited to distribution of Nasdaq Last Sale—to distribute Nasdaq Basic. This allows qualifying firms to upgrade their customers’ data experience through the additional data available with Nasdaq Basic: Bid and Ask from the Nasdaq Market.

Does this announcement impact other licenses?

Yes. This new license will also allow qualifying firms that purchase the Enterprise licenses listed below with the option of upgrading their customers’ experience from Nasdaq Last Sale to Nasdaq Basic.

  • Nasdaq Stock Market 5: U.S. Nasdaq Basic
  • Nasdaq Stock Market 8: U.S. Nasdaq Basic, TotalView, and NLS

    • Why is Nasdaq making this change?

    This change is being introduced based upon customer demand, and in response to similar licensing options already available in the market. Allowing broader distribution of our products will promote greater transparency and also help Nasdaq compete more effectively against other exchanges.

    What is the effective date of this change?

    The change will be effective immediately on February 1st, 2022.

    Who should I contact for 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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