Price List - U.S. Equities PrintPrint

The usage fees are assessed based on the number and type of subscribers that access Nasdaq market data. See the Nasdaq Data Policies for additional information. Please consult with your Nasdaq Global Information Services Account Manager to determine which fee option is best suited to your company's needs.

For Nasdaq real-time data feed products, the distributor fees are assessed on subscribers that receive Nasdaq information in a data feed format. This product is also covered by Nasdaq monthly administration fee(s). Refer to Nasdaq Data Policies for details.

The monthly Enhanced Display Solution fee gives Distributors the right to provide U.S. Depth Information on an API or similar solution delivered from a Controlled Terminal.

The EDS Enterprise License entitles the EDS Distributor to distribute to an unlimited number of Professional EDS Subscribers at the underlying NASDAQ TotalView and OpenView Subscriber rates, not the underlying EDS Subscriber Rates. In addition, applicable non-professional Subscriber fees are at the $9 Subscriber rate.

For additional information regarding EDS, please refer to Data News #2014-10.

Nasdaq Depth Non-Display: The Nasdaq Depth Non-Display fees are only applicable to direct access subscribers. Indirect Depth Non-Display subscribers will pay the Nasdaq TotalView Usage fees.

Nasdaq Depth Non-Display Platform Pricing: Vendors offering Managed Data Solution (MDS) are responsible for payments of fees associated with this program. Platform fees are not applicable if a firm operating the Platform incurs monthly non-display usage charges of $15,000 or more. For additional information, please refer to Data News #2014-12.

TotalView-ITCH FPGA is an optional service upgrade for data feed subscribers and MDS clients. Distributors using the TotalView-ITCH FPGA product would be subject to the TotalView hardware-based distributor fees in addition to the other listed Nasdaq TotalView^® / Nasdaq OpenView distributor and usage fees.

Historical Data Products are available on an annual basis. Distributors will be billed for the year on a monthly basis during the initial 12 month period. After the initial 12 months, firms may cancel at any time. Applies to: BX Historical TotalView-ITCH | PSX Historical TotalView-ITCH | PHLX Historical Orders | Nasdaq Historical TotalView-ITCH | Nasdaq Short Sale Volume Reports

For select Nasdaq web-based reports, the distributor fees are assessed based on the number of Subscribers, while other web-based reports have monthly fees assessed on the distribution of the data. Internal Distributor is defined as a firm that distributes market data internally (i.e. to employees or authorized agents of the organization and/or within the premises of the Distributor. External Distributor is defined as a firm that distributes the data externally to third-party recipients. The External Distributor fee includes internal usage of the data. Web-based products are also covered by the Nasdaq monthly administration fee. Refer to Nasdaq Data Policies for details.

The Derived Data License covers non-professional subscriber fees only; firms must still pay applicable distributor fees and professional subscriber fees. See the Nasdaq Data Policies for additional information on the Non-Professional Derived Data License. Please contact Nasdaq Global Information Services at +1 301 978 5307 (Option #1) for details.

Nasdaq GLIMPSE retransmission facility is available only to Nasdaq TotalView ITCH and/or Nasdaq Options Depth Data Feed Recipients also paying for Direct Access and Distributor Fees.

The enterprise license option for professional and non-professional subscribers is available to Nasdaq broker/dealer firms only. The enterprise license for non-display terminals is available to Nasdaq internal data distributors only. Enterprise licenses cover subscriber fees only; firms must still pay applicable distributor fees. For some products, there may be a minimum subscription length. Please contact your Nasdaq Global Information Services Account Manager to discuss these pricing options.

The enterprise license option is available to all firms. For some products, there may be a minimum subscription length. Please contact your Nasdaq Global Information Services Account Manager to discuss this pricing option.

The FilterView distributor fee is assessed only on firms that access a filtered data feed product offered directly by Nasdaq.

All distributors of Nasdaq proprietary data are subject to the Nasdaq monthly Administration Fee. The fee is assessed upon a firm based on its highest level of service. See the Nasdaq Data Policies for additional information.