23 October 2017
visit www.atos.net

Nasdaq launches experimental access fee programme

02 February 2015  |  1701 views  |  0 Source: Nasdaq

Nasdaq (Nasdaq:NDAQ) will launch its experimental pricing program today with lower access fees for 14 stocks representing both small and large capitalization companies traded on U.S. equity listings venues.

The program reduces the access fee to five cents per 100 shares from 30 cents per 100 shares in 14 stocks and reduces the rebates for liquidity provision on The Nasdaq Stock Market. This experiment will generate much-needed data about the impact of the level of access fees on areas that matter most to investors and public companies such as the level of off-exchange trading, price discovery, trading costs, displayed liquidity and execution quality.

"We have a bias to action and finding solutions based on empirical evidence," said Tom Wittman, Head of Global Equities and Executive Vice President of Global Trading and Market Services at Nasdaq. "Today we move forward proactively with our experimental pricing program to see how lowered access fees affects the quality of the markets for investors and public companies."

The duration of Nasdaq's experimental access fee program will be no less than four months. Periodically, Nasdaq's Economic and Statistical Research Group will publicly post the results of the program. Statistics to be analyzed and discussed are changes in market share, displayed liquidity, effective spread and volatility amongst other metrics.

Nasdaq's Global Equities group builds and drives trading platforms that support global economies by creating fair and transparent markets, innovating in new regions and enabling greater opportunities for investors.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.atos.netvisit www.fivedegrees.nl

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
18011 views comments | 24 tweets | 36 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
14735 views comments | 23 tweets | 31 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
10688 views comments | 12 tweets | 23 linkedin
satelliteGates Foundation backs Ripple collaboratio...
10201 views comments | 13 tweets | 10 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job