Sterling
Financial Systems Inc.
225 West Washington Street, Suite 1014
Chicago, Illinois 60606
(312) 346-9600
NASDAQ
NQDS Retirement Announcement
August
24, 2007
For
Immediate Distribution - To All Sterling Clients:
Please be advised that effective Friday,
August 31, 2007, Sterling Service Bureau will
discontinue disseminating the NASDAQ NQDS Data Feed
on the Sterling Network. This action is taken as a result
of the announcement issued by NASDAQ dated August 23,
2007. The full text of the NASDAQ announcement is attached.
All traders who currently receive NQDS
data feed on the Sterling Network will have a choice
to either convert to the NASDAQ Total View® / Open
View® service or not use the NASDAQ Level 2 service
at all.
The NASDAQ Total View® / Open View®
service is offered to Sterling clients subject to exchange
fees as posted by NASDAQ. Professional users will be
charged $76.00 per month per display device and non-professional
users will be charged $15.00 per month per display device.
The detail fee information can be found on the NASDAQ
web page at http://www.nasdaqtrader.com/trader/mds/nasdaqother/pricing.stm.
The Total View® / Open View®
display can be enabled for all users of the Sterling
Trader platform provided that they agree to the charges
as described above; the necessary subscriber agreements
for professional and non-professional users need to
be executed and placed on file at Sterling. The billing
for the Total View® / Open View® display will
be done by Sterling as part of the monthly service invoicing
cycle.
Please keep in mind that only those
traders for whom the necessary NASDAQ subscriber agreements
for professional or non-professional users are executed
and are on file with Sterling will be eligible for Total
View® / Open View® data.
If a trader decides not to subscribe
to NASDAQ Level 2 data at all, no further action is
required. NQDS data feed will be turned off for all
users of the Sterling Network in the evening of Thursday,
August 30, 2007.
If you need more information about the
Total View® / Open View® display or any related
issue, please feel free to contact our Sterling Administration
Department at extension 224, attention Richard Chu,
or extension 235, attention Brian Kuepper.
Sterling Financial Systems, Inc.
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