Nasdaq Discovers Inflation, Raises Data Feed Prices Accordingly
Published Date: 1/13/2025
Notice
Summary
Nasdaq GEMX is updating the fees for its market data feeds to keep up with inflation. This means anyone using the Order Feed, Top Feed, Real-Time Depth of Market Raw Feed, or Trade Feed will see fee changes starting now. The new fees reflect the rise in costs since the last update, so users should expect a small price bump soon.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Nasdaq GEMX market-data fee increase
If you use Nasdaq GEMX market data (the Order Feed, Top Feed, Real‑Time Depth of Market Raw Feed, or Trade Feed), the Exchange adjusted fees upward based on the rate of inflation since each fee was last changed. The change was filed on December 23, 2024 and was designated effective immediately; the SEC notice solicits comments through February 3, 2025.
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