Price List - U.S. Equities

 


The Nasdaq Stock Market | Nasdaq BX | Nasdaq PSX | Nasdaq Web-Based Reports | Nasdaq Monthly Administration Fee

 

The Nasdaq Stock Market

Nasdaq TotalView | Nasdaq Level 2 | Nasdaq Basic | Nasdaq Last Sale | NLS Plus | Nasdaq MatchView


Nasdaq TotalView
Entitlement Name Security Coverage Monthly Fee
Usage Fees
Nasdaq TotalView Nasdaq, NYSE, and Other Regional Issues Professional/Corporate: $76 per subscriber
Non-Professional: $15 per subscriber
Managed Data Solution
(Internal Use Only)
Nasdaq, NYSE, and Other Regional Issues Professional/Corporate: $375 per subscriber
Non-Professional: $60 per subscriber
Enhanced Display Solution Nasdaq, NYSE, and Other Regional Issues Professional/Corporate: $80 per subscriber
Non-Professional: $15 per subscriber
Nasdaq Depth Non-Display
(Direct Access Only)
Nasdaq, NYSE, and Other Regional Issues 1 to 39 subscribers = $375 per subscriber
40 to 99 subscribers = $15,000 per firm
100 to 249 subscribers = $30,000 per firm
250 subscribers or more = $75,000 per firm
Nasdaq Depth Non-Display Platform Nasdaq, NYSE, and Other Regional Issues $5,000 per Trading Platform
(up to a maximum charge of $15,000)
Distributor Fees
Nasdaq Depth Data Nasdaq, NYSE, and Other Regional Issues Internal Distribution: $1,500 per firm
External Distribution: $3,750 per firm
Direct Access: $3,000 per firm
FilterView/NOIView Net order imbalance data only Direct Access: $750 per firm
Nasdaq Managed Data Solutions License Fee (For the right to offer Managed Data Solutions to Clients)
Nasdaq, NYSE, and Other Regional Issues $2,500 per Distributor
Enhanced Display Solution Nasdaq, NYSE, and Other Regional Issues 1 to 399 subscribers = $4,000
400 to 999 subscribers = $7,500
1,000 subscribers or more = $15,000

plus applicable EDS TotalView subscriber fees
Enterprise License Option
Nasdaq TotalView
Display Enterprise License— Broker Dealer
Nasdaq, NYSE, and Other Regional listed Issues $25,000 plus:
applicable Depth subscriber fees
Nasdaq Depth
Display Enterprise License— Broker Dealer
Nasdaq, NYSE, and Other Regional listed Issues $500,000
Nasdaq Market Place
Display Enterprise License— Broker Dealer & Investment Adviser
Nasdaq, NYSE, and Other Regional listed Issues $600,000 or $500,000 with annual commitment
Nasdaq Depth
Non-Display Enterprise License — Direct Access
Nasdaq, NYSE, and Other Regional listed Issues $75,000
Nasdaq Depth
Enhanced Display Solution Enterprise License
Nasdaq, NYSE, and Other Regional listed Issues $33,500 plus applicable Depth subscriber fees
TotalView-ITCH FPGA Distributor Fees
TotalView-ITCH FPGA Internal Distributor $25,000 per distributor
External Distributor $2,500 per distributor
Internal and External Distributor $27,500 per distributor
Managed Data Solutions (MDS) Distributor 1 subscriber = $5,000
Additional Subscribers = $750 each

Nasdaq Level 2
Entitlement Name Security Coverage Monthly Fee
Usage Fees
Nasdaq Level 2 with
Nasdaq OpenView
Nasdaq Issues Professional/Corporate: $70 per subscriber
Non-Professional: $14 per subscriber
NYSE and Other Regional Issues Professional/Corporate: $6 per subscriber
Non-Professional: $1 per subscriber
Enhanced Display Solution Nasdaq Issues Professional/Corporate: $74 per subscriber
Non-Professional: $14 per subscriber
NYSE and Other Regional Issues Professional/Corporate: $6 per subscriber
Non-Professional: $1 per subscriber
Nasdaq Depth Non-Display
(Direct Access Only)
Nasdaq, NYSE and Other Regional Issues 1 to 39 subscribers = $375 per subscriber
40 to 99 subscribers = $15,000
100 to 249 subscribers = $30,000
250 subscribers or more = $75,000
Nasdaq Depth Non-Display Platform Nasdaq, NYSE and Other Regional Issues $5,000 per Trading Platform
(up to a maximum charge of $15,000)
Managed Data Solution
(Internal Use Only)
Nasdaq, NYSE and Other Regional Issues Professional/Corporate: $375 per subscriber
Non-Professional: $60 per subscriber
Depth Distributor Fees
Nasdaq Depth Fee Nasdaq Issues Internal Distribution: $1,000 per firm
External Distribution: $2,500 per firm
Direct Access: $2,000 per firm
Nasdaq Depth Fee for OpenView NYSE and Other Regional Issues Internal Distribution: $500 per firm
External Distribution: $1,250 per firm
Direct Access: $1,000 per firm
Enhanced Display Solution Nasdaq, NYSE and Other Regional Issues 1 to 399 Subscribers = $4,000
400 to 999 Subscribers= $7,500
1,000 or more Subscribers = $15,000

plus applicable EDS Level 2 and OpenView subscriber fees

Nasdaq Basic
Entitlement Name Security Coverage Monthly Fee
Usage Fees
Nasdaq Basic—
Per Subscriber Option
(All Issues: Pro/Corporate: $26 each
Non-Professional $1 each)
Nasdaq Issues Professional/Corporate: $13 each
Non-Professional: $0.50 each
NYSE Issues Professional/Corporate: $6.50 each
Non-Professional: $0.25 each
Other Regional Issues Professional/Corporate: $6.50 each
Non-Professional: $0.25 each
Nasdaq Basic—
Per Query Option
Nasdaq Issues $0.0025 each
NYSE issues $0.0015 each
Other Regional Issues $0.0015 each
Nasdaq Basic—
Enterprise License
Nasdaq, NYSE and Other Regional Issues $155,000 for unlimited internal Professional (display only) usage
Nasdaq Basic—
Broker Dealer Enterprise License
Nasdaq, NYSE and Other Regional Issues $100,000 per broker dealer electronic system
Nasdaq Basic—
Digital Media Enterprise License
Nasdaq, NYSE and Other Regional Issues $100,000 per firm
Distributor Fees
Nasdaq Basic Internal Distributor Fee Nasdaq, NYSE and Other Regional Issues $1,500 per firm
Nasdaq Basic External Distributor Fees Nasdaq, NYSE and Other Regional Issues $2,000 per firm
Derived License Option
Non-Professional Derived Data License Nasdaq, NYSE and Other Regional Issues $1,500 per firm
Hosted Display Solution Fee Nasdaq, NYSE and Other Regional Issues $400 per Hosted Display Solution
Data Consolidation Fee
Nasdaq Basic with NLS Plus Nasdaq, NYSE and
Other Regional Issues
$350
Monthly Administrative Fees
Nasdaq Basic with NLS Nasdaq, NYSE and
Other Regional Issues
Nasdaq: $100
Nasdaq Basic with NLS Plus Nasdaq, NYSE and
Other Regional Issues
Nasdaq: $100
BX: $100
PSX: $100

Nasdaq Last Sale (NLS) (Non-Professional use only, see Basic rates for Professional use)
Entitlement Name Security Coverage Monthly Fee
Usage Fees
NLS Use Case Per User All Issues — (1 to 9,999 Users: $0.90 each 10,000 to 49,999 Users: $0.72 each 50,000 to 99,999 Users: $0.54 each 100,000 Users: $0.45 each) Nasdaq Issues 1 to 9,999 users: $0.60 each
10,000 to 49,999 users: $0.48 each
50,000 to 99,999 users: $0.36 each
100,000 user or more: $0.30 each
NYSE and Other Regional Issues 1 to 9,999 users: $0.30 each
10,000 to 49,999 users: $0.24 each
50,000 to 99,999 users: $0.18 each
100,000 users or more: $0.15 each
NLS — Per Query Option Nasdaq Issues Up to 9,999,999: $0.0030 each
10 million to 19,999,999: $0.0024 each
20 million to 29,999,999: $0.0018 each
Over 30 million: $0.0015 each
NYSE and Other Regional Issues Up to 9,999,999: $0.0015 each
10 million to 19,999,999: $0.0012 each
20 million to 29,999,999: $0.0009 each
Over 30 million: $0.000725 each
NLS — Unique Device Option Nasdaq Issues 1 to 99,999: $0.036 each
100,000 to 999,999: $0.030 each
Over 1 million: $0.024 each
NYSE and Other Regional Issues 1 to 99,999: $0.018 each
100,000 to 999,999: $0.015 each
Over 1 million: $0.012 each
Distributor Fees
NLS Distributor Fee Nasdaq, NYSE and Other Regional Issues $1,500 per firm
FilterView - Nasdaq Trades Nasdaq, NYSE and Other Regional Issues (Nasdaq Execution System only) $750 per firm
FilterView - TRF Trades Nasdaq, NYSE and Other Regional Issues (FINRA/Nasdaq Trade Reporting Facility only) $750 per firm
Enterprise License Option
NLS Enterprise License Nasdaq, NYSE and Other Regional Issues $41,500 per firm

NLS Plus
Entitlement Name Security Coverage Fees
Monthly Usage
and DistributorFees
Nasdaq, NYSE and
Other Regional Issues
Firms are liable for
Nasdaq Last Sale OR
Nasdaq Basic fees
Monthly Administration
Fees
Nasdaq, NYSE and
Other Regional Issues
Nasdaq: $100
BX: $100
PSX: $100
Monthly Data Consolidation Fee Nasdaq, NYSE and
Other Regional Issues
$350

Nasdaq Last Sale Specialized Use Case
Entitlement Name Security Coverage Monthly Fee
Usage Fees
Nasdaq Last Sale Specialized Use Case— Per Subscriber (All Issues: Pro/Corporate: $26 each) Nasdaq Issues Professional/Corporate: $13 each
NYSE and Other Regional Issues Professional/Corporate: $13 each
Nasdaq Last Sale Specialized Use Case— Per Query Nasdaq Issues $0.0025 each
NYSE and Other Regional Issues $0.0015 each
Nasdaq Last Sale Specialized Use Case— Enterprise License Nasdaq, NYSE and Other Regional Issues $155,000 for unlimited internal Professional (display only) usage
Distributor Fees
Nasdaq Last Sale Specialized Use Case Distributor Fees Nasdaq, NYSE and Other Issues $2,000 per firm

Nasdaq MatchView
Entitlement Name Security Coverage Monthly Fee
Nasdaq MatchView Nasdaq, NYSE and Other Regional Issues $5,000 per firm for 1st server
Nasdaq MatchView Enterprise License Nasdaq, NYSE and Other Regional Issues $10,000 per firm for 2+ servers

Nasdaq BX

BX TotalView
Entitlement Name Security Coverage Monthly Fee
Usage Fees
BX TotalView Nasdaq Issues
NYSE and Other Regional Issues

Professional/Corporate: $40 per subscriber
Non-Professional: $1 per subscriber
BX TotalView Non-Display Nasdaq Issues
NYSE and Other Regional Issues

$55 per subscriber
Managed Data Solution
(Internal Use Only)
Nasdaq, NYSE and Other Regional Issues Professional/Corporate: $150 per subscriber
Non-Professional: $20 per subscriber
Distributor Fees
BX TotalView Nasdaq, NYSE and Other Regional Issues Internal Distribution: $750 per firm
External Distribution: $1,500 per firm
Direct Access: $1,000 per firm
Managed Data Solution Administration Fee
(For the right to offer Managed Data Solutions to client organizations)
Nasdaq, NYSE and Other Regional Issues $1,500 per distributor
Enterprise License Option
BX TotalView Non-Display Usage Nasdaq, NYSE and Other Regional Issues $20,000
BX TotalView-ITCH FPGA Distributor Fees
BX TotalView-ITCH FPGA Internal Distributor $3,500 per distributor
External Distributor $350 per distributor
Internal and External Distributor $3,850 per distributor

BX Basic (BX BBO)
Entitlement Name Security Coverage Monthly Fee
BX Basic (BX BBO) Nasdaq, NYSE
and Other Regional Issues
Fees are currently waived

BX Last Sale
Entitlement Name Security Coverage Monthly Fee
BX Last Sale Nasdaq, NYSE
and Other Regional Issues
Fees are currently waived

BX Monthly Administration Fee
Entitlement Name Usage Type Monthly Fee
BX Data Products —
Monthly Administration Fee
Delayed Data Products $50 per firm
Real-Time Data Products $100 per firm
 

Nasdaq PSX

PSX TotalView
Entitlement Name Security Coverage Monthly Fee
Usage Fees
PSX TotalView Nasdaq, NYSE, Other Regional Issues
Professional/Corporate: $40 per subscriber
Non-Professional: $1 per subscriber
PSX TotalView Non-Display Nasdaq, NYSE, Other Regional Issues
$50 per subscriber
Managed Data Solution
(Internal Use Only)
Nasdaq, NYSE and Other Regional Issues Professional/Corporate: $150 per subscriber
Non-Professional: $20 per subscriber
Distributor Fees
PSX TotalView Nasdaq, NYSE, Other Regional Issues Internal Distribution: $500 per firm
External Distribution: $1,250 per firm
Direct Access: $1,000 per firm
Managed Data Solution Administration Fee
(For the right to offer Managed Data Solutions to client organizations)
Nasdaq, NYSE and Other Regional Issues $1,500 per Distributor
Enterprise License Option
PSX TotalView Non-Display Usage Nasdaq, NYSE, Other Regional Issues $17,000
PSX TotalView-ITCH FPGA Distributor Fees
PSX TotalView-ITCH FPGA Internal Distributor $3,500 per distributor
External Distributor $350 per distributor
Internal and External Distributor $3,850 per distributor

PSX Basic (PSX BBO)
Entitlement Name Security Coverage Monthly Fee
PSX Basic (PSX BBO) Nasdaq, NYSE
and Other Regional Issues
Fees are currently waived

PSX Last Sale
Entitlement Name Security Coverage Monthly Fee
PSX Last Sale Nasdaq, NYSE
and Other Regional Issues
Fees are currently waived
 
PSX Monthly Administration Fee
Entitlement Name Usage Type Monthly Fee
PSX Data Products —
Monthly Administration Fee
Delayed Data Products $50 per firm
Real-Time Data Products $100 per firm

Nasdaq Web-Based Reports

Nasdaq Daily List | Nasdaq Fundamental Data | Nasdaq Daily Share Volume | Nasdaq Short Interest | Nasdaq Short Sale |

Nasdaq Daily List and Nasdaq Fundamental Data
Entitlement Name Monthly Fee
Nasdaq Daily List and/or Fundamental Data
Distributor Fee
$1,750 per organization

Nasdaq Daily Share Volume
Entitlement Name Monthly Fee
Nasdaq Daily Share Volume
Distributor Fee
$2,500

Nasdaq Short Interest
Entitlement Name Distributor Type Subscribers (Non-Data Feed Recipients) Monthly Fee
Nasdaq Short Interest
Distributor Fee
Nasdaq Short Interest - Access N/A $500
Nasdaq Short Interest - Internal Distribution Unlimited Internal Use $1,000
Nasdaq Short Interest - External Distribution 1-499
500-9,999
10,000+
$2,500
$5,000
$7,500
Nasdaq Short Interest External Distribution to external Controlled Products with $5,000 or more spend on Nasdaq Last Sale (NLS) or NLS Plus in monthly usage fees or Distributors on the 100K or 500K Enterprise License for Nasdaq Basic or Nasdaq Depth (respectively) (Access fees still apply) N/A $1,500

Nasdaq Short Sale Volume Reports
Entitlement Name Usage Tier Monthly Fee
Nasdaq Short Sale Volume Reports
Distributor Fee
Internal Distributor $750 per firm
External Distributor $1,250 per firm


The BX and PSX short sale files are available for free download.


Nasdaq Monthly Administration Fees and Monthly License Fees

Nasdaq Administration Fees
Entitlement Name Usage Type Fee
Nasdaq Global Data Products —
Monthly Administration Fee
Delayed Data Products $50 per month
Web-Based Products $100 per month
Real-Time Data Products $100 per month
Nasdaq Monthly License Fee
Entitlement Name Usage Type Fee
Nasdaq Managed Data Solutions License Fee
(For the right to offer Managed Data Solutions to Clients)
Nasdaq Depth Products* $2,500 per month

*Includes Level 2, OpenView and TotalView