NASD Files With Sec To Charge $50.75/Month For NQDS Level II Market Data

The National Association of Securities Dealers stands to harvest a multimillion-dollar windfall in retroactive data fees if the SEC approves its latest request. NASD has asked for permission to charge $50.75/month for each vendor terminal displaying its NQDS (Level II) data, and to collect the fee retroactively -- as far back as 1984 in some cases.

NQDS -- National Quotation Data Service -- is the wholesale version of NASDAQ's Level II service, which provides the complete list of all market