Markets Impacted: Nasdaq Nordic and Nasdaq Commodities
Products Impacted: Non U.S Annual Administration fee
What you need to know?
Effective January 1, 2017, Nasdaq will change the billing of Administrative Fees from an Annual to a Monthly basis.
What is changing?
Effective January 1, 2017, Nasdaq will be changing its Administrative Fee from an annual billing cycle to monthly and will change the name to Nordic Administration fee. The new Administration Fee will be as follows:
| Nasdaq Nordic Administration Fees | |||
| Service Level | Usage Type | 2016 Fee | 2017 Fee |
| Nordic Administration fee | Delayed Data Products | €500 per year | €50 per month |
| Nordic Administration fee | Real-Time Data Products | €1,000 per year | €100 per month |
Why is Nasdaq implementing this fee change?
Nasdaq is implementing this fee change to align the Administrative Fee with the standard billing cycle for all other Nasdaq products. The change to Monthly will also allow for Nasdaq to pro-rate the Administrative Fee when a firm begins or ends a contract during the calendar year.
Where can I find additional information?
Refer to the Global Data Policy Document on the Nasdaq Trader® website for specifics on Administrative Fees.
Contact Nasdaq Global Information Services at + 45 33 93 33 66 or datasales@nasdaq.com