Nasdaq PHLX Levels Up Data Feeds for Savvy Traders
Published Date: 7/31/2026
Notice
Summary
Nasdaq PHLX is rolling out two fresh data feeds—Nasdaq TotalView Plus and Nasdaq Basic Plus—that combine top and depth of book info from Nasdaq, Nasdaq Texas, and Nasdaq PSX. This means traders and investors get a clearer, faster picture of the market. The new feeds are effective immediately, so get ready to level up your market data game!
Analyzed Economic Effects
3 provisions identified: 3 benefits, 0 costs, 0 mixed.
New Consolidated Nasdaq Market Feeds
Nasdaq PHLX introduced two new consolidated market-data feeds, Nasdaq TotalView Plus (depth-of-book) and Nasdaq Basic Plus (top-of-book). The feeds combine data from Nasdaq, Nasdaq Texas, and Nasdaq PSX and became effective upon filing on July 24, 2026, giving traders and investors a single consolidated view of top and depth of book information.
Helps Investors During Overnight Trading
The Exchange says the consolidated feeds will be particularly important when overnight trading begins in December 2026, because liquidity may be limited in the overnight session and the feeds provide a broader market view. The filing states that the feeds should improve investors' ability to analyze market data in lower-liquidity overnight trading.
Single-Connection Feed Could Lower Costs
The new consolidated feeds let customers receive data from multiple Nasdaq U.S. Equity Markets through a single connection, and the Exchange says this may allow some customers to optimize data ingestion. The filing states that a more efficient configuration may result in cost savings for subscribers and that underlying individual feeds will remain available to purchase separately.
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Previous / Next Documents
Previous: 2026-15461, Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Introduce Nasdaq TotalView Plus and Nasdaq Basic Plus Data Feeds
Nasdaq is rolling out two cool new data feeds called TotalView Plus and Basic Plus that show detailed stock info from Nasdaq and its partners. These feeds give traders a clearer picture of stock prices and orders, helping them make smarter moves. The changes are effective immediately, and some fees might be updated, so traders and investors should check them out soon!
Next: 2026-15463, Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing of Amendment No. 1 and Order Granting Accelerated Approval of a Proposed Rule Change, as Modified by Amendment No. 1, To Amend NYSE Arca Rule 8.201-E (Generic) Commodity-Based Trust Shares