Mutual Fund Pricing Requirements
The mutual fund pricing information provided in the
XigniteFunds
web service is subject to important requirements imposed by NASDAQ on their data.
Data Feed Requirements
XigniteFunds delivers mutual fund pricing information from NASDAQ's Mutual Fund
Dissemination Service. NASDAQ defines reception of fund pricing data in XML format
as a data feed. NASDAQ considers the retransmission to be a data feed if
the data distributor (i.e Xignite) does not control either the entitlements or the
display of the market data within your firm. Since the display and delivery of mutual
fund pricing information is ultimately determined by your application, XigniteFunds
fits this description.
The NASDAQ Market Data Policies requirements differ based on whether you are providing
the XigniteQuotes information internally (to employees) or externally
(to external susbcribers). Choose the section below that applies to your firm. If
you distribute data both externally and internally then use the External Data Distribution
Requirements.
Internal Data Distribution Requirements
The NASDAQ Market Data Policies require all firms receiving a data feed and distributing
the data internally to:
- Be assessed a $500 Annual NASDAQ Administrative fee for redistribution of
NASDAQ market data and a $250 Annual UTP (Unlisted Trading Privilege) Administrative
fee.
- Execute an NASDAQ Internal Data Feed Agreement Recipient Agreement.
- Complete a System Description For Delayed Distribution Only.
Note that if you use both the XigniteFunds and XigniteQuotes services, NASDAQ will
charge you the $250 Annual UTP fee once, and the $500 Annual NASDAQ Administrative
fee twice for a total of $1250 annually.
Upon subscribing to this service, you must:
- Complete and fax the
System Description for Delayed Distribution Only to 650-655-3703.
For instructions on how to fill this agreement, please check
here.
- Execute and fax the
Data Feed Agreement to 650-655-3703.
- For instructions on how to fill this form, please check
here.
- You must only complete the NASDAQ Internal Data Feed Agreement Recipient Agreement
section of the document (Pages 3 to 10).
- Do not complete the NASDAQ Data Feed Control Questionnaire (Pages 11 and on).
- Mail two original executed copies of the agreement to:
Xignite, Inc.
901 Mariners Island Boulevard, Suite 325
San Mateo, CA 94404
We will transmit these documents to NASDAQ once we receive them. NASDAQ will invoice
your firm separately for the fees listed above.
External Data Distribution Requirements
The NASDAQ Market Data Policies require all firms receiving a data feed and distributing
the data externally to:
- Be assessed a $500 MONTHLY NASDAQ Administrative fee for redistribution of
NASDAQ market data and a $250 Annual UTP (Unlisted Trading Privilege) Administrative
fee.
- Execute an NASDAQ Vendor Agreement.
- Complete a System Description For Delayed Distribution Only.
Note that if you use both the XigniteFunds and XigniteQuotes services, NASDAQ will
charge you the $250 Annual UTP fee once, and the $500 MONTHLY NASDAQ Administrative
fee for Mutual Funds and a $500 annual Administrative fee for Delayed Quotes for
a total of $6,750 annually.
Upon subscribing to this service, you must:
- Complete and fax the
System Description for Delayed Distribution Only to 650-655-3703.
For instructions on how to fill this agreement, please check
here.
- Execute and fax the
Vendor Agreement to 650-655-3703.
- For instructions on how to fill this form, please check
here.
- You must only complete the NASDAQ Internal Data Feed Agreement Recipient Agreement
section of the document (Pages 3 to 10).
- Do not complete the NASDAQ Data Feed Control Questionnaire (Pages 11 and on).
- Mail two original executed copies of the agreement to:
Xignite, Inc.
901 Mariners Island Boulevard, Suite 325
San Mateo, CA 94404
We will transmit these documents to NASDAQ once we receive them. NASDAQ will invoice
your firm separately for the fees listed above.