Nasdaq Raises Data Fees Because Everything Costs More Now
Published Date: 1/13/2025
Notice
Summary
Nasdaq PHLX is raising fees for its Non-Display Enterprise License and PHLX Depth Data to keep up with inflation. These changes affect anyone using these data services and start on January 1, 2025. So, if you rely on these market data tools, expect a slight price bump to match rising costs.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Nasdaq PHLX Market-Data Fee Increase
Nasdaq PHLX will raise the fees for the Non-Display Enterprise License and for PHLX Depth Data (internal and external distribution and professional subscriber fees) to reflect inflation. The fee adjustments are based on the rate of inflation since each fee was last changed and are operative on January 1, 2025. If you pay for these data services, expect a price increase starting that date.
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Previous: 2025-00413 — Self-Regulatory Organizations; Nasdaq GEMX, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Nasdaq GEMX Order Feed, Nasdaq GEMX Top Feed, Nasdaq GEMX Real-Time Depth of Market Raw Feed, and Nasdaq GEMX Trade Feed Fees Based on the Rate of Inflation
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.
Next: 2025-00415 — Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Best of Nasdaq Options, Nasdaq ITCH to Trade Options, and Hardware-Based Delivery of NOM Depth Data Fees Based on the Rate of Inflation
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