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Wednesday, September 27, 2023

Nasdaq Fund Network #2023 - 2
Nasdaq Fund Network Registration Fee Change

Market Impacted:

Products Impacted:

  • All NFN issuer firms

Contact Information:

What you need to know:

    On Monday, January 1, 2024, Nasdaq will change the annual registration fee for Open-end and Closed-end Mutual Funds, Tender Offer Funds, Interval Funds, and Money Market Funds to $850 annually per instrument.

    Nasdaq will increase the annual registration fee for NextShares, Annuities, Alternative Investment Products, Demand Deposits and Hedge Funds to $750 annually per instrument.

    Firms will see the new annual rate reflected on the 2024 annual invoice to be sent to issuers and fund administrators on or about January 7, 2024.

What is changing?

Nasdaq is increasing the annual registration fee for Open-end and Closed-end Mutual Funds, Tender Offer Funds, Interval Funds, and Money Market Funds to $850 per instrument and NextShares, Annuities, Alternative Investment Products, Demand Deposits and Hedge Funds to $750 per instrument.

Nasdaq strives to provide a complete and robust experience for our fund customers which includes searchability and transparency of products across platforms worldwide.

Nasdaq’s revised fees account for rising costs due to expanding our depth and breadth of products, enhancing our technology which includes migration to the cloud, and ensuring we can continue to provide high-quality support to deliver an exceptional experience to our customers.

Why is Nasdaq increasing the registration fee?

The increase reflects investments in improvements and enhanced capabilities of the platform, including:

  • The launch of the new NFN Secured Web Service.
    • The new web service includes a streamlined agreement process, streamlined application submission process.
  • Additional NFN Operations support, expanding the team to provide a better Operations experience for NFN customers.
  • Expansion to support international funds.
  • Nasdaq is keeping up with contemporary technology by retiring the legacy CTCI inbound protocol and introducing the REST API.
  • Optimized performance for Nasdaq Fund Network Web Service on the NFN Daily List to support added instrument volume.
  • As an additional premium offering, Nasdaq can incorporate your current NFN data, and the analytics and meta data you provide, into your fund’s factsheet.

How can I find out more about these features and enhancements?

The Nasdaq Fund Network Operations team is here to ensure a smooth onboarding process and better serve our issuers. For questions on any of the enhancements or fee changes, please contact nfnops@nasdaq.com and a team member will be in touch accordingly.

How and when will this fee change be implemented?

Mutual fund issuers will see this price increase reflected in their 2024 annual invoice, currently scheduled to be sent on or about January 7th, 2024.

Where can I get additional information?

Please contact Nasdaq Fund Network Operations at +1 301 978 5307 (Option #6).


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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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