The Nasdaq exchange has recently determined that users receiving Nasdaq Level II data via DTN NxCore and DTN.IQ are required to register as MDS (Managed Data Solution) users.

Professional users will need to complete and submit the “System Application - Managed Data Solution” to Nasdaq before March 1, 2018 in order to continue receiving Nasdaq Level II data. Please contact Nasdaq at datasales@nasdaq.com with questions regarding the “System Application – Managed Data Solution” agreement.

For Professional users, the exchange fee Nasdaq charges for Level II data will increase from $80/month to $375/month which will be reflected on your billing effective March 1, 2018.

For non-Professional users, the exchange fee Nasdaq charges for Level II data will increase from $19/month to $60/month which will be reflected on your billing effective March 1, 2018.

If you currently receive Nasdaq Level II data and wish to remove it or make any changes to your DTN service, please contact us at 800-487-0474 prior to March 1. We value your business and look forward to continuing to provide you the highest quality and most economical market data services. Please note that these changes are being made by the Nasdaq exchange and in no way change the level of service or fees being charged by DTN.

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Jay Froscheiser
Vice President, Active Trader Products