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Nasdaq - classification of customers

Nasdaq is an American company that owns and operates several stock exchanges, both in the USA and in the Nordic countries. In the Nordic region, they classify their customers as described below.


Nasdaq is an American company that owns and operates stock exchanges in a number of countries, including the OMX exchanges in Stockholm, Helsinki and Copenhagen.

In connection with the distribution of real-time prices from Nasdaq, customers are divided into two customer classes:

  • Professional customer
  • Non professional customer

Note that there are different prices for real-time subscriptions depending on the customer class.

Priclist Real-time subscriptions

Nasdaq's Classification of Customers in the Nordics

Professional customer:

A customer who uses market data to carry out a regulated financial service or regulated activity or to provide a service for third parties, or who is considered to be a large undertaking, i.e. meeting two of the following size requirements on a company basis: (i) balance sheet total of EUR 20.000.000 (ii) net turnover of EUR 40.000.000 (iii) own funds of EUR 2.000.000.

Non professional customer:

A customer who does not meet the definition of Professional Customer

Nasdaq owns and operates OMX Helsinki, Stockholm and Copenhagen.

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