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Friday, February 23, 2007

Data News #2007 - 11
NASDAQ Plans Launch of Proprietary Real-Time NASDAQ Last Sale Data Feed

Please Route To:
  • Direct NASDAQ Data Feed Subscribers
  • NASDAQ Market Data Distributors

Summary:
  • As announced in NASDAQ Vendor Alert #2007-005, NASDAQ plans to launch a new, real-time proprietary NASDAQ Last Sale data feed in March of 2007.
  • In preparation for the launch of this new product, NASDAQ has filed proposed pricing for the NASDAQ Last Sale (NLS) service with the Securities and Exchange Commission (SEC), which is designed to keep costs low for all market data redistributors.

Overview:
As announced in NASDAQ Vendor Alert #2007-005, NASDAQ® plans to launch the new, real-time proprietary NASDAQ Last Sale data feed in March of 2007. The NLS service will carry real-time order execution data from the consolidated NASDAQ system as well as trade data from the NASD/NASDAQ Trade Reporting Facility (TRF) for the full range of NASDAQ- and non-NASDAQ listed securities.

NASDAQ plans to launch the new NLS data feed beginning with real-time dissemination of NLS data for the consolidated NASDAQ system in March of 2007 and to include NASD/NASDAQ TRF data in the late second quarter of 2007.

Pricing Information:
NASDAQ has developed an innovative fee schedule for the NLS service that is designed to keep costs fair for all market data redistributors as well as to promote wide-spread distribution of NASDAQ real-time data to the public. 

For details on NLS pricing, please refer to NASDAQ Vendor Alert #2007-005.

NLS Direct Data Feed Options:
NASDAQ will offer NLS in TCP/IP protocol as well as in IP multicast. The NLS recommended bandwidth is 5 Megabits (Mb) for both the standard TCP/IP and IP multicast protocol options. NASDAQ will also offer a compressed TCP/IP version of the NLS feed that will require 75% less bandwidth for firms looking to save on networking costs.

Technical Specifications:
Direct data formats:

Network protocol support documents:

Ordering Information:
NASDAQ strongly recommends that firms contact their connectivity providers as soon as possible to order NLS.

Contact Information:
For more information on NLS, please contact:


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