Markets Impacted:Contact Information: |
What you need to know:• To streamline and facilitate the administration of market data for Nasdaq customers, Nasdaq is removing the requirement to implement a Subscriber Agreement for External Recipients in Canada markets. • This update applies to all Distributors and does not require recipients of Market Data to sign a new Canada Data Agreement (“CDA”). |
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Why is Nasdaq making this change?
Nasdaq is making this change to align its Nasdaq Canada Data Policies with that of its US Equities and Options Policies. Nasdaq has eliminated the requirement for Distributors of market data to enter into a Subscriber Agreement with External Recipients, and as such has moved the Non-Professional Qualification Guidance previously contained in the Subscriber Agreement to Nasdaq Canada Data Policies. Reporting and tracking requirements for Professionals and Non-Professionals will remain unchanged.
Does my firm need to sign a new agreement?
No. Distributors are not required to execute the new version of the Canadian Data Agreement if a previous version has been executed.
Are there any policy updates related to these changes?
Yes. The current Professional and Non-Professional definitions can be found in the Nasdaq Canada Data Policies. There are no material differences between the definitions added to the data policy document and those previously contained in the Subscriber Agreement and are being moved solely because Nasdaq will no longer utilize a Subscriber Agreement for Canadian data.
Who should I contact for additional information?
Please refer to the Data Policies and Administration page and contact Investment Intelligence if you have further questions.
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