Nasdaq Preps PHLX, Fundamental Data Fee Changes
Nasdaq OMX's PHLX market will introduce new market data fees from Jan. 1, 2013, subject to SEC approval, which will introduce monthly professional subscriber fees of $40 per user (whereas the exchange previously charged $20 per month for external professional subscribers, and internal use was free of charge), $1 per month for non-professionals, and a $10,000 enterprise non-display license.
The fees cover the PHLX Depth of Market feed of quotes, orders, net order imbalance data for the opening cross period and last sale data; the Top of PHLX Options (TOPO) best bid and offer and last sale data; and TOPO Plus Orders, which includes the TOPO and PHLX Orders feeds. Clients will only pay the fees once, whether they receive one, two or all of these services.
Also from Jan. 1, Nasdaq will combine entitlements for its Daily List and Fundamental Data products, enabling clients of either dataset to access both for one monthly price of $1,500 per organization. Officials say the pricing keeps costs fair for market data distributors while simplifying fees and administration for the products.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: https://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Data Management
CTA, UTP to merge into single Consolidated Tape Plan under DataCT
Randall Hopkins, former head of market data at Nasdaq, will join the new company to build and run it.
Managing regulatory transformation through a Dual-Flow Operating Model
Darshan Shah presents an operating model that enables project teams to implement complex regulatory programs, preserve business continuity, reduce risk, and prepare enterprise platforms for regulatory change.
SEC denies 24X’s requested SIP exemption, for now
Start-up exchange cannot begin its overnight market session before the equity data plans’ hours are scheduled to be extended on December 6. But that’s only half of it.
LSEG–MayStreet lawsuit may have precedent in Delaware court
Lawyers for Patrick Flannery argue that a recently settled case in Delaware sets precedent for his ongoing battle with the exchange group.
A tidal wave of token costs threatens landfall
Budgeting for AI was never “easy,” but as financial firms rely more heavily on agents, soaring token usage is forcing them to rethink the economics of modern enterprise AI.
ICE buys MarketAxess to create ‘common rails’ for fixed income
The deal, which is expected to close early next year, will further establish ICE in the fixed-income market.
EDMA begins rollout of AI certification framework
The EDM Association is expanding its CDMC framework to include analytics and AI.
Bloomberg acquires Canoe Intelligence, expanding private markets prowess
In a rare acquisition, the data giant is looking to add to its established private markets intelligence and add more functionality for client workflows.
