NASD Files Cost-Based Price Plan With Sec; Proposes $50.75 Monthly NQDS Charge
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In its latest attempt to satisfy regulators' demand for cost-based pricing, the National Association of Securities Dealers has filed with the Securities and Exchange Commission to charge vendors $50.75 a month per terminal to receive all market maker quotes.
Until the NASD introduced its NQDS service in September 1983, the only way to obtain the complete list of bids and offers was through the association's market data subsidiary, NASDAQ Inc. NQDS is the wholesale version of NASDAQ Level 2
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