Nasdaq Started Charging Pro Fees To Everyone

kean · Oct 13, 2011

Nasdaq no longer charges non pro. Regardless of platform and status everyone is charged as pro by nasdaq effective 9/01.[12:32:09 PM] NASDAQ HAS STARTED CHARGING PRO FEES TO EVERYONE EFFECTIVE 9/1/2011 The rates are Nasdq Level I-$21.78 Total View -$82.75

Bob111 · Oct 13, 2011

cheap schmucks..chasing few extra bucks from poor retail folks..it's should be exact opposite-free for all retail accounts

listedguru · Oct 13, 2011

Has anyone seen an increase in the nasdaq fee from their firm?

-Guru

stock777 · Oct 13, 2011

1st im hearing of it. dont see anything on a goog search

listedguru · Oct 13, 2011

Quote from stock777:

1st im hearing of it. dont see anything on a goog search

Yeah I don't see anything either. It seems strange they could make it retroactive to Sept 1st also.

-Guru

trendo · Oct 14, 2011

Quote from kean:

Nasdaq no longer charges non pro. Regardless of platform and status everyone is charged as pro by nasdaq effective 9/01.[12:32:09 PM] NASDAQ HAS STARTED CHARGING PRO FEES TO EVERYONE EFFECTIVE 9/1/2011 The rates are Nasdq Level I-$21.78 Total View -$82.75

Please cite your source.

brownsfan019 · Oct 14, 2011

Quote from trendo:

Please cite your source.

This is ET. Sources are completely unnecessary. Just take the post as fact, no need to know the source of info.

listedguru · Oct 14, 2011

Quote from trendo:

Please cite your source.

FYI I was told this only applies to accounts that are classified as entities (ie LLC's, Corp, etc). Basically any entity account is now being considered a pro account now and thus is being charged the pro data rates. This was effective at the beginning of Sept.

Thats what I was told,

-Guru

stock777 · Oct 16, 2011

so the ops an hysterical clown?

Bob111 · Oct 16, 2011

Quote from listedguru:

FYI I was told this only applies to accounts that are classified as entities (ie LLC's, Corp, etc). Basically any entity account is now being considered a pro account now and thus is being charged the pro data rates. This was effective at the beginning of Sept.

Thats what I was told,

-Guru

phew..it been always like this. and pro data fees was always applied to any type of entity.

think about for a second..how you can possibly apply individual retail fees to the firm? read the definition of "pro" while subscribing for any data or service.

http://individuals.interactivebrokers.com/en/p.php?f=marketData

[3] Professional versus Non-professional
Most exchanges and data vendors classify customers as either non-professional or professional. By default, organizations such as corporations, limited liability companies, etc, partnerships and any account where the data is used for more than personal investment purposes is deemed to be professional. In addition, private persons may be considered professional if they are registered as a security or investment advisor, or act in a similar capacity. A trader who is employed by a financial services business may also be considered a professional. Please click here for more information about non-professional qualification.