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We continue to strive to set new standards delivering innovative market data solutions for derivatives. The Nasdaq Derivatives Product Suite is extensive, offering coverage globally of the following markets; Nasdaq Options Market (NOM), Nasdaq BX (BX Options), Nasdaq PHLX (PHLX) Options markets, and Nasdaq Nordic Derivatives Market – one of the largest derivatives (options and futures) exchanges in Europe.
Nasdaq Options Market (NOM) Data Products
The The Nasdaq Options Market (NOM) is an all-electronic, price/time priority trading system running on Nasdaq’s high-speed INET technology. Liquidity on NOM is provided by market makers as well as other participants and is both order and quote based. Our data products offer real-time quote and order depth, last sale information and much more.
Nasdaq PHLX (PHLX) Data Products
The Nasdaq (PHLX) trades more than 3,000 equity options, index options and U.S. dollar-settled currency options on Nasdaq’s high-speed INET technology. PHLX offers a combination of cutting-edge electronic and floor-based trading, utilizing a Customer-priority, pro rata allocation to ensure fast and efficient executions.
Nasdaq BX Options (BX Options) Data Products
The BX Options trading platform is structured to reward customers seeking immediate execution and liquidity. Nasdaq offers full coverage of BX Options data via depth and real-time data products.
Nasdaq Nordic Derivatives Data Products
Nasdaq offers a fully integrated Nordic derivatives exchange, trading in Swedish, Danish, Finnish and Norwegian options and futures. The Nordic Derivatives product suite is extensive, providing real-time information, and varied depth and trade detail for equity and index options and futures. Coverage includes listing details, trade information, derived information, bid/ask for equity and index derivatives.
Nordic Derivatives Real-time Market Data
Nasdaq Nordic Derivatives data products contain real-time information for equity and index options and futures. Offered with varied depth and trade detail, each product provides broad insight into the third largest derivatives marketplace by volume in Europe.
If you have questions as to which Commodities product is best suited to your business needs, please contact your Nasdaq Account Manager or submit Market Data Request form.
Nasdaq PHLX Market Data
| Nasdaq PHLX Products | Service Level/Details |
|---|---|
| ITCH to Trade Options (ITTO) | NOM’s premier feed. Full quote and order depth using ITCH format. Last sale data and Net Order Imbalance (NOII) data for the opening auction. |
| Best of Nasdaq Options (BONO) | Offers direct access to the Nasdaq Options best bid and offer quotation and trade data. |
| Nasdaq Options Trade Outline (NOTO) (Data Report) | Provide proprietary electronic NOM trade data. NOTO is available as either an End-of-Day or Intra-Day file. Includes aggregate trade quantity and trade volume, detailing opening buy, closing buy, opening sell and closing sell information by customer origin type. |
| PHLX Depth of Market (PHLX Depth) | Provides aggregate order book and last sale data from the PHLX Options Market. Aggregated feed, summarizes the order interest at each price level in the PHLX system. |
| Top of PHLX Options (TOPO) | Provides full order depth information for both simple and complex orders. Also includes opening imbalance information, Price Improvement XL (PIXL) information and Complex Order Live Auction (COLA) data. |
| TOPO Plus Orders | Best Bid and Offer (BBO) and last sale information, plus the state of single and complex orders on the PHLX order book to firms on a real-time basis. TOPO Plus Orders provides access to both the TOPO data feed and the PHLX Orders data feed. |
| PHLX Options Trade Outline (PHOTO) (Data Report) | Provide proprietary electronic PHLX trade data. PHOTO is available as either an End-of-Day or Intra-Day file. Includes aggregate trade quantity and trade volume, detailing opening buy, closing buy, opening sell and closing sell information by customer origin type. |
| Historical PHLX Orders (Data Report) | Provides a historical record of the simple and complex order message data from the PHLX Orders data product. Download the Historical PHLX Orders daily message logs on a T+1 basis from a secure FTP server. |
Nasdaq BX Options
| Nasdaq BX Options Products | Service Level/Details |
|---|---|
| BX Options Top of Market (BX Top) | Features data elements including, best bid and offer quotations, last sale data, administrative and market event messages. BX Top is the same as NOM BONO. |
| BX Options Depth of Market (BX Depth) | Offers order and quote level data, trade messages, net order imbalance data and administrative messages. BX Depth is the same as NOM ITTO. |
| BX Options Glimpse | A complement to BX Depth, this is a point to point data feed connection that provides direct data feed customers with the current state of the BX Options book. |
Nasdaq U.S. Derivatives
| Nasdaq U.S. Derivatives Products | Service Level/Details |
|---|---|
| Nasdaq Smart Options NBBO and Trades Feed | Provides only the OPRA NBBO and Trade data information. |
| Nasdaq Smart Options Conflated Options Feed | Provides only the OPRA NBBO and Trade data information. |
Nordic Derivatives Market Data
| Nordic Derivatives Products | Service Level/Details |
|---|---|
| Nordic Derivatives TotalView- ITCH | TotalVIew-ITCH is the ultra-low latency market data feed for Nordic equity and index derivatives trading, providing direct access to the Nasdaq Genium INET trading platform. Covers all Nasdaq-listed Nordic equity and index derivatives. Features: full order depth by order and last sale; Net Order Imbalance Information (NOII); administrative messages; event controls. Data is delivered via MoldUDP - a single outbound multicast channel for all traded securities. |
| Nordic Derivatives ITCH Glimpse | Glimpse is a complement service to the Nasdaq TotalView-ITCH real-time data feed products. It provides direct data feed customers functionality to obtain a snapshot of an order book in a trading source system at any point during the trading day. |
| Nordic Derivatives Level 1 | Provides the best bid/ask price, listing details, trade information and derived information. |
| Nordic Derivatives Level 2 | Level 2 includes 5 best price levels and Level 1 includes 1 price level. Contains all Nasdaq-listed Nordic equity derivatives, as well as derivatives on indexes. |
| Nordic Derivatives Auxiliary Market Data (AMD) | AMD is a complementary data feed to Derivatives ITCH. Contains additional information including reference data, settlement prices, reported trades and open interest. |
| Nordic Derivatives Analytics Data | This add-on product contains real-time "Greeks" and other derivative valuation and risk measures that provide pricing information by quantifying different risk components of an option. Includes: Greeks, theoretical prices, implied volatility, key figures. |
| Nordic Derivatives Direct Access | The right to source the distributed derivative market data entitlement direct via Nordic Derivatives ITCH or OMNet API. |
| Nordic Derivatives Direct Access | The right to source the distributed derivative market data entitlement direct via Nordic Derivatives ITCH or OMNet API. The Direct Access license requires a regular distribution license for the distributed derivative market data products. |
| Nordic Derivatives ITCH Glimpse | Nasdaq Glimpse is a point-to-point data feed connection that provides direct data feed customers with the current state of the Nasdaq execution systems with full market participant attribution. |
| Nordic Internal Distributor - Internal Use Only | Right to receive a real-time data feed containing Nordic Equity, Fixed Income, Derivatives and Commodities Information for internal distribution only. |
| Nordic Derivatives - Non-Display | Unlimited number of redundant sessions of derivatives market data for non-display purposes. Non-Display Usage is defined as accessing, processing, or consumption of the Information for a purpose other than in support of its display or distribution. |
| Nordic Derivatives Non-Display - Non-Trading | Designed for activities such as Calculation and Verification. Unlimited number of redundant sessions of derivatives market data for non-display purposes. Non-Display Usage is defined as accessing, processing, or consumption of the Information for a purpose other than in support of its display or distribution. |
| Nordic Derivatives Filtered TotalView - Distributor | The right to externally distribute Nordic Derivatives real time data feeds ( less depth than Nordic Derivative TotalView) sourced from the Nordic Derivative TotalView-ITCH feed. The fee does not apply for internal distribution or external distribution via controlled display devices. |
| Nordic Derivatives Managed Data Solution (MDS) | Distribution of a Nasdaq Nordic Derivatives real time market data product for subscriber or recipient usage in internal applications, servers, or similar services where the Distributor controls the entitlement. The usage reporting obligation resides with the Distributor, based on Recipient usage. Display or non-display usage fees apply per Managed Solution Subscriber are applicable, and supplemental to the Nordic Derivatives MDS fee. |
| Nordic Derivatives Derived Data Distribution - new original works. | Enterprise License
1Does not include creation of indexes which requires payment of the Nordic Index Calculation License. |
| Nordic Derivatives End-of-Day Reports | End-of-Day file for internal usage |
| Nordic Historical Data | A fee per historical calendar month of historical opening price, high price, low price, closing price, cumulative order book turnover in units and local currency. Data set covers equity, derivatives, commodities, fixed income and index values. The data is available in flat format and delivered via FTP or email depending on size of data set ordered. |
| Nordic Delayed Redistributor | Unlimited redistribution, resale and redistribution on retransmission datafeed products of 15 minute delayed information, end-of-day data and official closing prices for Equities, Fixed Income, Commodities, Derivatives and Nordic index values. Redistribution of delayed information covering Level 1 & Level 2. |
