Nasdaq Quadruples Fee for Real-Time Index

EXCHANGE WATCH

NEW YORK--Nasdaq has quadrupled its Real-Time Index Fee effective this month from $500 per month to $2,000 per month after receiving Securities and Exchange Commission (SEC)approval for the changes. Meanwhile, Nasdaq will begin testing its Aggregated Depth at Price (ADAP) feed, which is part of the Depthview package, this weekend.

The fee increase is the first since the feed was created in 1992. "The value of disseminating that [index] information is much higher than it was in 1992," says Ade