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Listing Exchange Traded Products on Nasdaq?
Everything you need to know is now in one place
Listing Exchange Traded Products

Exchange Traded Products (ETPs) are traded on Nasdaq's Global Market and must meet the applicable listing requirements set forth in the 5700 series of Nasdaq's Listing Rules. These ETP-related Nasdaq Rule Filings and Information Circulars may also serve as a valuable resource.

The fee schedule for Exchange Traded Funds (Active and Passive), Exchange Traded Notes, Linked Securities and NextShares are detailed below. Please refer to the 5900 series of the Nasdaq's Listing Rules regarding fees for other types of ETPs.

For more information on the listing process, rules, requirements, and fees relating to ETPs, please take a few minutes to view our frequently asked questions.

QUESTIONS?
Please don't hesitate to contact us at +1 301 978 8008 or ETP_Regulation@nasdaq.com. We are here to help.


ETPs: Initial Listing

All the forms required for listing ETPs can be completed electronically through the Listing Center. The Listing Center streamlines the preparation of listing applications and forms, making the listing review and approval process more efficient by pre-populating certain fields, allowing companies to upload supporting documents, and sign forms electronically. And since we can collect much of the information needed to verify compliance from publicly available sources, we have minimized the documentation you need to provide Nasdaq.

For your convenience, you can review applications and forms in preview mode. This allows you to gather the information you need without creating an account or logging in.

CREATING A LISTING CENTER ACCOUNT
To complete forms electronically, users must have an account with the Listing Center. To create a new account, please follow these instructions.


COMPLETING AN APPLICATION
Once you are logged in to the Listing Center, go to the "Create a New Form" tab and follow the prompts to complete the Listing Application for Companies Seeking to List an Exchange Traded Fund or Other Structured Product. For assistance with creating an account and completing the application, please refer to this guide.


ETPs: Continued Listing

Exchange Traded Products, including actively- and passively-managed Exchange Traded Funds (ETFs) and Exchange Traded Notes, must meet certain listing requirements to remain listed on Nasdaq. Nasdaq has developed a guide, which can be found here, to provide an overview of the requirements applicable to ETF issuers and of Nasdaq's compliance program.

UPCOMING CHANGES TO THE CONTINUED LISTING STANDARDS
In January 2017, the SEC approved new continued listing standards for ETPs. These rules adopt as continued listing standards certain of the existing initial listing standards and clarify that ETPs are subject to Nasdaq's rules requiring notification of non-compliance with a listing standard. The approval order can be found here. The new continued listing standards will be effective October 1, 2017.


EFFECTIVE OCTOBER 1, 2017: DATA SUBMISSION REQUIREMENTS AND TEMPLATES
In order to monitor compliance with these new requirements, Nasdaq will collect certain data from ETP issuers regarding the index or reference asset underlying the ETP. ETPs will need to submit index or portfolio component data on a quarterly basis based on the fund's fiscal year end. In addition, ETPs listed pursuant to a product-specific rule filing under Rule 19b-4 will also be required to submit an annual compliance certification to Nasdaq. It is our goal to utilize technology powered by the Nasdaq Listing Center to make this process as efficient as possible. After reviewing this information, if you have questions, please contact us at +1 301 978 8008 or ETP_Regulation@nasdaq.com.



Listed Pursuant to Generic Standards (Passive ETFs and ETNs)
  Index Component File

Listed Pursuant to Generic Standards (Active ETFs)
  Portfolio Component File

Listed Pursuant to Product Specific Rule Filing
  Portfolio Component File
  Annual Compliance Certification

The component files will be due thirty calendar days following the end of the fund's fiscal quarter and the annual compliance certification, if applicable, will be due thirty calendar days following the fund's fiscal year-end. For example, a passive ETF with a fiscal year end of October 31, 2017 would submit the index component file based on the following schedule:
Period End Date Due Date
October 31, 2017 November 30, 2017
January 31, 2018 March 2, 2018
April 30, 2018 May 30, 2018
July 31, 2018 August 30, 2018


Nasdaq will send an email reminder 30 days prior to the ETPs period end date indicating when the submissions are due. Issuers will be able to submit component information and annual certifications using the Nasdaq Listing Center by completing the Company Event Form. ETP sponsors must use our templates for submitting index or portfolio component data.

An updated version of the ETP compliance guide detailing the new continued listing standards and processes will be posted on this page soon.

Fees

The fee schedule for ETFs (Active and Passive), ETNs and NextShares are below. Please refer to the 5900 series of the Nasdaq's Listing Rules or contact Nasdaq for information regarding fees for other types of ETPs.


Exchange Traded Funds
Application Fee
$1,000 per product (non-refundable)
Entry Fee
$4,000
Annual Fee
Up to 1 million shares $ 6,500
1+ to 2 million shares $ 7,000
2+ to 3 million shares $ 7,500
3+ to 4 million shares $ 8,000
4+ to 5 million shares $ 8,500
5+ to 6 million shares $ 9,000
6+ to 7 million shares $ 9,500
7+ to 8 million shares $ 10,000
8+ to 9 million shares $ 10,500
9+ to 10 million shares $ 11,000
10+ to 11 million shares $ 11,500
11+ to 12 million shares $ 12,000
12+ to 13 million shares $ 12,500
13+ to 14 million shares $ 13,000
14+ to 15 million shares $ 13,500
15+ to 16 million shares $ 14,000
Over 16 million shares $ 14,500
Exchange Traded Notes and Linked Securities
Application Fee
$1,000 per product (non-refundable)
Entry Fee
Up to 1 million shares $ 5,000
1+ to 2 million shares $ 10,000
2+ to 3 million shares $ 15,000
3+ to 4 million shares $ 17,500
4+ to 5 million shares $ 20,000
5+ to 6 million shares $ 22,500
6+ to 7 million shares $ 25,000
7+ to 8 million shares $ 27,500
8+ to 9 million shares $ 30,000
9+ to 10 million shares $ 32,500
10+ to 15 million shares $ 37,500
Over 15 million shares $ 45,000
Annual Fee
Up to 5 million shares $ 15,000
5+ to 10 million shares $ 17,500
10+ to 25 million shares $ 20,000
25+ to 50 million shares $ 22,500
Over 50 million shares $ 30,000
NextShares
Application Fee
$1,000 per product (non-refundable)
Entry Fee
First Fund $ 19,000
Subsequent Funds (each) $ 6,500
Annual Fee
Up to 25 million shares $ 6,500
25+ to 100 million shares $ 15,000
100+ million shares $ 25,000
Contact Us

For your convenience, contact information for ETP Staff are provided below. If you are looking to contact other Nasdaq resources, please view our Contact Us page.

Contact For Questions about By Phone or Email
Listing Qualifications -
Initial and Continued Listings
ETP Listing Applications (including switches from other exchanges)
ETP initial and continued listing standards and processes
Ben Haskell
Director, ETP Regulation
+1 301 978 8092
benjamin.haskell@nasdaq.com
ETP Listing Services and Sales ETP Listings
Benefits of a Nasdaq Liquidity Programs
Paul Roland
Head of ETP Listings & Services
+1 215 496 5209
paul.roland@nasdaq.com
Office of General Counsel ETP Rule Filings Jonathan Cayne
Senior Associate General Counsel
+1 301 978 8493
jonathan.cayne@nasdaq.com

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