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Tuesday, December 7, 2021

Data News #2021 - 10
Nasdaq Canada Introduces Basic Canada Plus Enterprise License

Markets Impacted:

Products Impacted:

Contact Information:

What you need to know:

To further expand the opportunity for savings on market data in Canada, Nasdaq is introducing the Basic Canada Plus Enterprise License. This license offers unlimited distribution of Nasdaq Basic Canada, CXC Level 2, and CX2 Level 2. This license provides the opportunity for firms to distribute more Information to more users, while substantially cutting market data costs!

The Enterprise License covers unlimited distribution to all individual users that have a Customer Relationship with an Investment Dealer.

The Nasdaq Basic Canada Plus Enterprise License covers TSX, TSX-V, and CSE listed securities.

The Basic Canada Plus Enterprise License is currently pending OSC approval and will be effective immediately after approval is received.

What data is included in the enterprise license?

This license offers unlimited distribution of Nasdaq’s consolidated Level 1 solution, Nasdaq Basic Canada. In addition, the license covers access to Level 2 data for Nasdaq’s CXC and CX2 trading books. For clarification, unlimited distribution means that all data included in this license can be distributed to any number of individuals with a customer relationship with an Investment Dealer for a flat fee.

Nasdaq Basic Canada is a consolidated data feed providing an alternative solution for accessing Level 1 data for Canadian-listed securities.

Nasdaq Basic Canada provides data across Nasdaq Canada’s three trading books:

  • Nasdaq CXC
  • Nasdaq CX2
  • Nasdaq CXD

Why is Nasdaq introducing a Basic Canada Plus Enterprise License?

As Investment Dealers look to save more money on market data in an increasingly competitive retail environment, Nasdaq is introducing a way to significantly reduce spend while increasing access to quality Information. Not only does this license include unlimited distribution of Nasdaq Basic Canada, it also includes access to both CXC and CX2 Level 2 data. This license also expands the scope of eligible users to cover all individuals with a customer relationship with an Investment Dealer, including personal corporate accounts.

What is being offered?

The Nasdaq Basic Canada Plus Enterprise License is a dynamic offering of Nasdaq’s consolidated Level 1 feed, Basic Canada, and Level 2 data on its CXC and CX2 trading books. This license provides unlimited distribution of this data to all individuals with a customer relationship with an Investment Dealer. Please see the below price schedule:

12 Month Commitment Month-to-Month
Basic Canada Plus EL $100,000 CAD/month $130,000 CAD/month

How is this license different than the current Nasdaq Basic Canada Enterprise License?

The current Nasdaq Basic Canada Enterprise License offers unlimited distribution of only the Nasdaq Basic Canada product. The Basic Canada Plus license extends that offering to include both CXC Level 2 and CX2 Level 2 data. Additionally, the Basic Canada Plus license extends the scope of eligible users to include all individuals with a customer relationship with an Investment Dealer, including personal corporate accounts.

Who should I contact for additional information?

  • If you’d like to learn more about how you can start saving with Nasdaq Basic Canada, please contact your Nasdaq Sales Representative
  • For additional information on the Nasdaq Basic Canada Plus Enterprise License and Nasdaq Canada, please contact ca.marketdata@nasdaq.com at +1 301 978 5307.