The Nasdaq pilot pricing program, which reduces fees paid by non-professionals for the delivery of real-time market data, has been extended for another year. The monthly market data fees have also been reduced from $2 to $1 per non-professional user. Under the original program, the fees were dropped from $4 to $2 per user. These fees entitle users to unlimited real-time access to Nasdaq Level1 market data through subscriber services provided by market data vendors and brokerage firms.
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails