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Friday, September 12, 2025

Equity Trader Alert #2025 - 70
Nasdaq Updates to Support SEC Fee Transparency

Category:

  • Pricing

Markets Impacted:

Contact Information:

Resources:

Starting November 3rd, 2025, Nasdaq (The Nasdaq Stock Market), Nasdaq BX, and Nasdaq PSX will adopt a new billing methodology in alignment with Rule 610 amendments announced by the Securities and Exchange Commission (SEC). On the effective date, Nasdaq will begin calculating pricing tiers for the current month based on the prior month’s trading activity. New members will default to the base rates as no prior month activity will be available.

The existing Month-To-Date Billing Report will be updated on the effective date to reflect this new pricing methodology.

For any questions, please contact Nasdaq Trading Services at +1 212 231 5180.

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Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $13 trillion. To learn more, visit: business.nasdaq.com.

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