# Nasdaq Hikes Basic, GIDS, Level 2 Fees

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

#### Waters Wavelength

###### Waters Wavelength Podcast Episode 87: Disaster Recovery & Initial Margin Rules

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.