DN2024-3 – Nasdaq Announces Market Data Fee Changes, Renaming for Trade Outline and Open/Close Trade Profile Data Products, Historical Data Discounts, and Derived Data Distribution Commercials

General

Markets
Impacted:

  • Nasdaq
    PHLX
    Options
  • Nasdaq
    Options
  • Nasdaq
    GEMX
    Options
  • Nasdaq
    ISE
    Options

Products
Impacted:

Contact
Information:

What
you
need
to
know:

Effective

July
1,
2024,
Nasdaq
will
revise
the
fees
for
PHLX
Options
Trade
Outline
(“PHOTO”),
Nasdaq
Options
Trade
Outline
(“NOTO”),
Nasdaq
GEMX
Open/Close
Trade
Profile,
and
Nasdaq
ISE
Open/Close
Trade
Profile
Data
Products
subject
to
Securities
and
Exchange
Commission
(SEC)
approval.

The
names
of
Nasdaq
GEMX
Open/Close
Trade
Profile
and
Nasdaq
ISE
Open/Close
Trade
Profile
products
will
be
changed
to
GEMX
Trade
Outline
and
ISE
Trade
Outline,
respectively,
to
harmonize
naming
across
Nasdaq
affiliates.

Discounts
for
historical
data
currently
offered
for
PHLX
Options
Trade
Outline
(“PHOTO”)
and
Nasdaq
ISE
Trade
Outline
will
be
introduced
across
the
Trade
Outline
Data
Products.

Licenses
for
the
Unlimited
External
Distribution
of
Derived
Data,
currently
offered
with
PHLX
Options
Trade
Outline,
will
be
introduced
to
all
other
trade
outline
products.

What
is
Trade
Outline?

Nasdaq
Options
Trade
Outline
includes
aggregate
trade
quantity
and
trade
volume
for
each
customer
origin
type
of
trade
for
every
option
series
traded
on
the
respective
market
in
which
an
electronic
trade
occurred
during
the
trading
day.
Activity
is
further
broken
down
by
opening
buy,
closing
buy,
opening
sell
or
closing
sell.

What
products
are
being
renamed?

Nasdaq
GEMX
Open/Close
Trade
Profile
Intraday
and
End
of
Day
products
as
well
as
Nasdaq
ISE
Open/Close
Trade
Profile
Intraday
and
End
of
Day
products
will
be
renamed
as
follows:

  • Nasdaq
    GEMX
    Trade
    Outline
    Intraday
  • Nasdaq
    GEMX
    Trade
    Outline
    End
    of
    Day
  • Nasdaq
    ISE
    Trade
    Outline
    Intraday
  • Nasdaq
    ISE
    Trade
    Outline
    End
    of
    Day

What
are
the
new
fees
for
intra-day
and
end
of
day
subscriptions?

PHLX
Options
Trade
Outline
(“PHOTO”)		 Monthly
Fee
Intraday
Subscription		 $3,000
EOD
Subscription		 $1,250
Nasdaq
Options
Trade
Outline
(“NOTO”)		 Monthly
Fee
Intraday
Subscription		 $2,000
End
of
Day
Subscription		 $1,000
Nasdaq
GEMX
Trade
Outline		 Monthly
Fee
Intraday
Subscription		 $1,500
End
of
Day
Subscription		 $750
Nasdaq
ISE
Trade
Outline		 Monthly
Fee
Intraday
Subscription		 $2,500
End
of
Day
Subscription		 $1,250

What
new
fees
are
being
introduced?

New
fees
are
being
introduced
for
historical
products
and
derived
data
distribution.

Discounts
for
historical
data
currently
offered
for
PHLX
Options
Trade
Outline
(“PHOTO”)
and
Nasdaq
ISE
Trade
Outline
will
be
introduced
across
the
Trade
Outline
Data
Products
as
follows:

PHLX
Options
Trade
Outline
(“PHOTO”)
–
Currently
Offered		 Monthly
Fee
Intraday
Historical
Discount
for
the
most
recent
36
months
to
firms
currently
subscribed
to
the
on-going
subscription		 $12,000
EOD
Historical
Discount
for
the
most
recent
36
months
to
firms
currently
subscribed
to
the
on-going
subscription		 $6,000
Nasdaq
Options
Trade
Outline
(“NOTO”)		 Monthly
Fee
Intraday
Historical
Discount
for
the
most
recent
36
months
to
firms
currently
subscribed
to
the
on-going
subscription		 $6,000
EOD
Historical
Discount
for
the
most
recent
36
months
to
firms
currently
subscribed
to
the
on-going
subscription		 $3,000
Nasdaq
GEMX
Trade
Outline		 Monthly
Fee
Intraday
Historical
Discount
for
the
most
recent
36
months
to
firms
currently
subscribed
to
the
on-going
subscription		 $9,000
EOD
Historical
Discount
for
the
most
recent
36
months
to
firms
currently
subscribed
to
the
on-going
subscription		 $4,800
Nasdaq
ISE
Trade
Outline
–
Currently
Offered		 Monthly
Fee
Intraday
Historical
Discount
for
the
most
recent
36
months
to
firms
currently
subscribed
to
the
on-going
subscription		 $12,000
EOD
Historical
Discount
for
the
most
recent
36
months
to
firms
currently
subscribed
to
the
on-going
subscription		 $7,200

Additionally,
we
will
be
introducing
licenses
for
the
Unlimited
External
Distribution
of
Derived
Data,
currently
offered
with
PHLX
Options
Trade
Outline,
to
all
other
trade
outline
products:

PHLX
Options
Trade
Outline
(“PHOTO”)
–
Currently
Offered		 Monthly
Fee
Unlimited
External
Distribution
of
Derived
Data
from
PHOTO		 $5,000
Nasdaq
Options
Trade
Outline
(“NOTO”)		 Monthly
Fee
Unlimited
External
Distribution
of
Derived
Data
from
NOTO		 $4,000
Nasdaq
GEMX
Trade
Outline		 Monthly
Fee
Unlimited
External
Distribution
of
Derived
Data
from
Nasdaq
GEMX
Trade
Outline		 $3,000
Nasdaq
ISE
Trade
Outline		 Monthly
Fee
Unlimited
External
Distribution
of
Derived
Data
from
Nasdaq
ISE
Trade
Outline		 $4,500

Fees
for
external
distribution
of
Derived
Data
will
be
in
addition
to
fees
for
the
End
of
Day
product
or
the
Intra-Day
product,
or
both,
as
applicable.

When
will
changes
to
fees
be
effective?

New
fees
will
be
effective
Monday
July
1,
2024.

Who
can
I
contact
to
help
answer
additional
questions?

Additional
questions
may
be
directed
to

Investment
Intelligence
Data
Client
Success
team.

You might also like More from author

Comments are closed.