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Tuesday, December 7, 2021

Data News #2021 - 9
Nasdaq Canada Introduces Basic Canada Professional Enterprise License

Markets Impacted:

Products Impacted:

Contact Information:

What you need to know:

In response to industry demand of greater cost savings for Professional users in Canada, Nasdaq is introducing the Basic Canada Professional Enterprise License. This is the first professional enterprise license to be introduced in Canada.

The Enterprise License covers unlimited receipt of Nasdaq Basic Canada to all Professional users.

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

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

What is Nasdaq Basic Canada?

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 Professional Enterprise License?

Participants, including Investment Dealers are currently not offered any enterprise savings opportunities on their Professional User fees in Canada. Nasdaq is introducing the first professional enterprise license in the Canadian marketplace. This provides the very first opportunity for Investment Dealers to expand their cost savings potential to include all Professional users. The new license offers unlimited receipt of Nasdaq Basic Canada at a tiered rate.

What is being offered?

In response to customer requests, Nasdaq Canada will offer a Basic Canada Professional Enterprise License at a tiered rate ranging from $25,000-$60,000 per month. Tiers are determined by the number of Professional users within a firm that use Nasdaq Basic Canada Information.. The Enterprise License covers unlimited receipt for all Professional users. Please see the below pricing:

Number of Users Price/month CAD
Tier 1 0-1599 $25,000
Tier 2 1600-2999 $40,000
Tier 3 3000 and Above $60,000

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

The current Nasdaq Basic Canada Enterprise License offers unlimited distribution of Nasdaq Basic Canada to non-professional and professional users with a customer relationship with an Investment Dealer. The Nasdaq Basic Canada Professional Enterprise License expands the scope of the audience to include receipt to all professionals, including Investment Advisors.

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 Professional Enterprise License and Nasdaq Canada, please contact ca.marketdata@nasdaq.com at +1 301 978 5307.