Nasdaq Hikes Basic, GIDS, Level 2 Fees

Brian Hyndman, senior vice president of global data products, Nasdaq OMX

In a notice sent to customers at the start of October, Nasdaq announced that it will raise the Professional Subscriber fee for Nasdaq Basic—which Nasdaq pitches as a lower-cost alternative to the UTP Level 1 and CTA consolidated tape feeds—by 30 percent from $20 to $26 per month, effective Jan. 1, 2014.

Nasdaq is also introducing an enterprise license option for the feed, costing $365,000 for internal usage by up to 16,000 subscribers, after which an additional monthly charge of $2 per subscribe

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