Nasdaq Launches ‘Basic' Level 1 Data

Nasdaq Basic combines the new Nasdaq Best Bid and Offer (QBBO) proprietary real-time quote feed, which has been available in beta mode since last November, with the Nasdaq Last Sale (NLS) real-time feed of trades executed on Nasdaq or reported to the FINRA/Nasdaq Trade Reporting Facility, to create the exchange's first standalone, Level 1-only data product.

The new service is geared towards professional users-who may choose to receive the NLS feed, the QBBO feed, or both-as well as retail and onl