Starting May 1, 2009, NASDAQ 100 charts and data will be limited to our GOLD and PLATINUM subscribers only.
On February 2, 2009 the NASDAQ Exchange increased the license fees for providing the NASDAQ indexes quotes and charts by 66%. In addition license fee became dependable on the number of subscribers who have access to NASDAQ real-time index data. Their rational for doing so is for adding the Philadelphia Stock Exchange, Nordic Stock Exchange, and Baltic Stock Exchange as well as other data services. Despite the fact that we do not provide information on such exchanges or indexes, we are nevertheless required to pay the increased rates.
Despite the additional expenses, we will not increase our subscription rates.
Unfortunately, in order for us to keep our current subscription rates unchanged in light of the new exchange fees, we will have to limit access NASDAQ 100 charts and data. Starting May 1, 2009, NASDAQ 100 charts and data will be limited to our GOLD and PLATINUM subscribers.
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