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The NASDAQ Options Market – Data Products

Overview

The NASDAQ Options Market (NOM), owned and operated by Nasdaq, Inc., is a fully electronic trading system for U.S. options. Trading on NOM provides immediate and automatic price improvement to orders. Orders designated to use the options routing feature are routed to other markets to ensure orders get the best price available.

To facilitate trading on this options market, Nasdaq offers proprietary data feed products that are designed to promote full market transparency with minimal latencies.

Benefits & Features

Nasdaq currently offers four proprietary options data feed products:

  • NASDAQ ITCH to Trade Options (ITTO) is designed to track the individual orders in The NASDAQ Options Market. Upon the launch of NOM 2.0, ITTO will be expanded to include depth of quotes as well as depth of orders, last sale and NOI data.
  • NASDAQ Options Depth at Price (DAP) is designed to provide aggregate order book and last sale data from The NASDAQ Options Market. Please note: Upon the launch of NOM 2.0, DAP will be retired.
  • Best of NASDAQ Options (BONO) is designed to provide NOM Best Bid and Offer and last sale information
  • NASDAQ Options NOIView is a filtered data feed product that provides only Net Order Imbalance data. Please note: Upon the launch of NOM 2.0, NOIView will be retired.

Access Options

Trading firms and market data vendors may create a real-time display by processing direct Nasdaq data feed products. For detailed technical documentation for Nasdaq direct products, please refer to the Market Data technical specifications page.

Individual investors and traders may access real-time data through a number of authorized Nasdaq market data distributors. Refer to the Market Data Vendors page for a complete list of companies.

Pricing

Best of Nasdaq Options (BONO)
Entitlement Name Security Coverage Monthly Fee
Distributor Fees
BONO - Internal Nasdaq Options $1,500 per firm
BONO - External Nasdaq Options $2,000 per firm
Non-Display Enterprise License
(Internal Distribution Only)		 Nasdaq Options $10,000 per firm
Managed Data Solution Administration Fee* $500 per Distributor
NOM Managed Data Solution Subscriber Fee $125 per Subscriber

*For the right to offer Managed Data Solutions to client organizations

 

Nasdaq ITCH-to-Trade Options (ITTO)
Entitlement Name Security Coverage Monthly Fee
Distributor Fees
ITTO - Internal Nasdaq Options $1,500 per firm
ITTO - External Nasdaq Options $2,000 per firm
Non-Display Enterprise License
(Internal Distribution Only)		 Nasdaq Options $10,000 per firm
Managed Data Solution Administration Fee* $500 per Distributor
NOM Managed Data Solution Subscriber Fee $125 per Subscriber
FPGA ITTO Distributor Fees
FPGA ITTO Internal Distributor $10,000 per distributor
External Distributor $1,000 per distributor
Internal and External Distributor $11,000 per distributor
Managed Data Solutions (MDS) Distributor 1 subscriber = $1,000
Additional Subscribers = $250 each

*For the right to offer Managed Data Solutions to client organizations

Agreements & Forms

To initiate this data on a data feed, firms must submit the appropriate documentation and receive prior approval from Nasdaq:

For the complete list of Nasdaq and UTP market data agreements and forms, please refer to the Nasdaq Global Data Products Agreements and Forms page.


To order this data on a stand-alone terminal/controlled display product, end users or end-user firms should contact their market data vendor for the appropriate agreements and forms.

 

Product News & Updates