Nasdaq Adjusts Connectivity Fees by 10%
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
The Nasdaq Stock Market is increasing fees for its connectivity services by 10%. This adjustment affects businesses subscribing to Nasdaq's Testing Facility, particularly those using the data processing services. Subscribers will now pay $1,100 monthly and a $1,100 one-time installation fee per connection. The fee adjustment reflects technological upgrades and rising operational costs.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Increase in monthly fee for Nasdaq Testing Facility connection to $1,100
- Increase in one-time installation fee to $1,100
- Fee adjustment due to technological upgrades and inflation
Obligations
What this law requires
Subscribers to the Nasdaq Testing Facility must pay a monthly fee of $1,100 per hand-off for connectivity services.
Subscribers to the Nasdaq Testing Facility must pay a one-time installation fee of $1,100 per hand-off.
The Nasdaq Stock Market LLC must ensure the fees reflect technological upgrades and rising operational costs.
The Nasdaq Stock Market LLC must provide notice of fees adjustments to its subscribers.
All market participants purchasing connectivity services from Nasdaq must be subjected to the same fee schedule uniformly.