Nasdaq to Charge For Quote Updates In Fourth Quarter
PRICING AND FEES
NEW YORK--The Nasdaq Stock Market plans to levy a fee of $0.01 per quote update in the fourth quarter, the first time it will charge for quote updates.
Dean Furbush, Nasdaq's executive vice president, says Nasdaq is not making enough money to support SuperSOES, the upgraded version of its Small Order Execution System, and provide the stringent security members expect of the market after the Sept. 11 terror attacks. The exchange has already instituted layoffs and cost-cutting regimes, but it has
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