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Research and News




BMC IS Research Platform

Research and news subscriptions are available through Best Mastery Capital Information System (IBIS), our comprehensive news and fundamentals research platform add-on to the TWS. Separate data services are also available.

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Non-Professional
Monthly Fee
Professional
Monthly Fee
BMC IS Research Platform FREE FREE




Free Research and News Services

Click a logo to learn more about a research provider and view a sample report.

Non-Professional Professional
24/x7 24/7 Wall Street FREE FREE
Alexandria Research Alexandria Contextual Text Analytics TM Engine (ACTA TM ) news sentiment scores FREE FREE
AltaVista Research AltaVista Research ETF Tear Sheet Pro plus ETF Hedge and Alternative Finders FREE FREE
Briefing.com Briefing.com General Market Columns & Analyst Actions FREE FREE
Dow Jones Dow Jones North American Briefing & Tomorrow's News Today newsletters FREE FREE
ETFguide ETFguide FREE FREE
Estimize FREE FREE
Fox Business News Fox Business News FREE FREE
BMC Market Signals BMC Market Signals FREE FREE
BMC Traders' Insight BMC Traders' Insight FREE FREE
Market Realist Market Realist FREE FREE
Social Sentiment Social Sentiment FREE FREE
Morningstar Morningstar Equity Ownership and Short Interest FREE FREE
Seeking Alpha
Seeking Alpha FREE FREE
Seeking Alpha Earnings Call Transcripts FREE FREE
Streetinsider StreetInsider.com Top News and Analyst Actions FREE FREE
StockTwits StockTwits FREE for Active Accounts FREE for Active Accounts
TalkMarkets News FREE FREE
The Motley Fool The Motley Fool FREE FREE
Thomson Reuters
Reuters Stockreports+ FREE*
* Pricing effective 8/1:
$2
FREE*
* Pricing effective 8/1:
$20
Thomson Reuters Global Financial Market News FREE FREE
Thomson Reuters StreetEvents Calendars FREE FREE
Thomson Reuters Worldwide Fundamentals FREE FREE
Zacks Investment Research Zacks Investment Research FREE FREE


Data Services: Research Data Bundle

The Research Data Bundle for each region includes the following:

  • Reuters Worldwide Fundamentals
  • Reuters StreetEvents Calendars
  • Region Specific Dow Jones Trader News
  • MT Newswires
    (Global Professional and North America Professional only)
  • The Fly
    (Global Professional and North America Professional only)
  • Briefing.com
    (Global Professional and North America Professional only)
  • Recognia
Non-Professional
Monthly Fee
Professional
Monthly Fee
Global (includes all three regions) 55.00 155.00
North America 33.00 105.00
Europe 22.00 65.00
Asia-Pacific 22.00 55.00


Premium Newswires

Click a logo to learn more about a research provider and view a sample report.

Non-Professional
Monthly Fee
Professional
Monthly Fee
Benzinga * FREE TRIAL
Benzinga Pro
No API Access
37.00 37.00
Benzinga Pro
API Access: Select this subscription to access the Benzinga Pro news feed via the Trader Workstation API.
250.00 250.00
Briefing.com * FREE TRIAL
Briefing in Play 34.20 34.20
Briefing in Play Plus 55.80 55.80
Briefing Trader 320.00 320.00
Dow Jones * FREE TRIAL
Dow Jones News Service: North America 115.00 115.00
Dow Jones Institutional News: Global 214.00 214.00
Dow Jones Real-Time News: Global 55.00 N/A
Dow Jones Real-Time News: North America 30.00 N/A
Dow Jones Real-Time News: Europe 30.00 N/A
Dow Jones Real-Time News: Asia-Pacific 30.00 N/A
The Fly * FREE TRIAL
The Fly
No API Access
21.00 21.00
The Fly
API Access: Select this subscription to access The Fly news feed via the Trader Workstation API.
600.00 600.00
MT Newswires * FREE TRIAL
MT Newswires "Live Briefs Pro" - North America
No API Access
50.00 50.00
MT Newswires "Live Briefs Pro" - Global 65.00 65.00
US Press Releases * FREE TRIAL 5.00 5.00
Street Account * FREE TRIAL 315.00 315.00
Streetinsider * FREE TRIAL 49.00 49.00
Thomson Reuters
Reuters Global Newswire FREE for Active
Accounts 1
65.00


A La Carte Research Subscription Prices

Click a logo to learn more about a research provider and view a sample report.

Non-Professional
Monthly Fee
Professional
Monthly Fee
Argus * FREE TRIAL 499.00
499.00
Asbury * FREE TRIAL
The Asbury Research Keys to This Week - US Stock Market and Weekly Wrap-Up 125.00 125.00
The Asbury Research Monthly Investment Compass 50.00 50.00
Argus * FREE TRIAL 25.00 50.00
EOTPRO * FREE TRIAL 250.00 250.00
EventVestor * FREE TRIAL
Event-Driven Alpha Alerts 49.50 137.50
Corporate Events Calendars 49.50 137.50
Corporate Conference Calendars 22.00 77.00
FinGraphs * FREE TRIAL 42.00 42.00
Gimme Credit * FREE TRIAL 100.00 100.00
Guosen * FREE TRIAL
Guosen Chinese Research Complete 27.50 137.50
Guosen Chinese Research Lite 11.00 55.00
Hightower Report * FREE TRIAL
Hightower Report Daily Energy Comment 35.00 35.00
Hightower Report Daily Financials Comment 35.00 35.00
Hightower Report Daily Grains Comment 35.00 35.00
Hightower Report Daily Livestock Comment 35.00 35.00
Hightower Report Daily Metals Comment 35.00 35.00
Hightower Report Daily Soft Commodities Comment 35.00 35.00
Hightower Report Daily Package 75.00 75.00
Hightower Report Weekly Report Market Letter 25.00 25.00
Intrinio * FREE TRIAL
Intrinio(P) 100.00 100.00
Intrinio US & Global Economic Data Fee Waived Fee Waived
Intrinio US Insider Transactions & Ownership 50.00 50.00
Intrinio US Institutional Holdings 50.00 50.00
Langeberg 30.00 30.00
MarketEdge * FREE TRIAL
MarketEdge NP 9.45 12.15
MarketEdge Point & Figure Breakouts and Early Alerts 10.00 10.00
MarketGrader * FREE TRIAL 28.00 28.00
MRP - McAlinden Investment Themes * FREE TRIAL
McAlinden Research Products 135.00 337.50
Morningstar * FREE TRIAL 14.18 35.00
New Constructs
New Constructs Research 17.40 34.80
New Constructs Research Institutional 499.00 499.00
ENSO * FREE TRIAL 95.00 95.00
OTR Global Available Upon Request
Available Upon Request
PropThink * FREE TRIAL 99.00 99.00
Rareview Macro * FREE TRIAL 200.00 200.00
RealVision * FREE TRIAL 29.00 29.00
Sadif Analytics * FREE TRIAL 9.00 15.00
Simpler Options * FREE TRIAL
Combo Wave 50.00 50.00
Porsche Dots 50.00 50.00
TTM Squeeze 50.00 50.00
Wave A/B/C 50.00 50.00
SlingShot Insights * FREE TTRIAL 725.00 725.00
Social Alpha * FREE TRIAL 22.00 22.00
Strategas * FREE TRIAL
Strategas
201.25 333.50
TheStreet Ratings * FREE TRIAL 9.98 9.98
Validea * FREE TRIAL 10.80 10.80
ValuEngine * FREE TRIAL
ValuEngine 16.20 32.40
ValuEngine Report Pro – Chinese 5.00 5.00
Websim * FREE TRIAL
Wall Street Horizon Online Application, Enchilada Pro Plus 150.00 150.00
Wall Street Horizon Online Application, Enchilada Pro 99.00 99.00
Wall Street Horizon Corporate Event Data Feeds 5.00 20.00
Waverly Advisors * FREE TRIAL 99.00 499.00
WaveStructure * FREE TRIAL 118.80 390.00
Websim * FREE TRIAL
Websim Premium News 19.00 39.00
Websim Italian Equity Research 29.00 49.00
Wright-First * FREE TRIAL 110.00 110.00

Separate Data Services

Available to all clients.

Non-Professional
Monthly Fee
Professional
Monthly Fee
CUSIP Service 1.00 2.00
Thomson Reuters
Thomson Reuters News (English plus 10 other languages) FREE 65.00

Market Data Fees



We provide real-time streaming market data for the prices listed in the sections below. You can also choose to receive free delayed market data for financial instruments for which you do not currently hold market data subscriptions. In addition, for clients who do not need the precise bid, offer and size every moment of the day and generate at least USD 30 in commissions per month, we offer free market data for US stocks, US futures (if you have US Futures trading permissions) and US bonds, as well as OTC Markets, Dow Jones Indices and CBOE Market Data Express Indices. Refer to the North America > United States market data fees table below for details.



Professional versus Non-Professional

Most exchanges and data vendors classify clients as either non-professional or professional. By default, organizations such as corporations, limited liability companies, partnerships and any account where the data is used for more than personal investment purposes is deemed to be professional. In addition, private persons may be considered professional if they are registered as a security or investment advisor, or act in a similar capacity. A trader who is employed by a financial services business may also be considered a professional. Click here for more information about non-professional qualifications.



Subscriptions toBMC 's FX markets are free and automatically enabled when you are approved for Global FOREX trading permissions.

Region/Exchange Non-Pro Fees/month Pro Fees/month
BMC Forex /Pro Fee Waived Fee Waived
BMC FX Fee Waived Fee Waived
Index CFD Fee Waived Fee Waived
UK Physical Metals and Commodities Fee Waived Fee Waived

United States

Region/Exchange Non-Pro Fees/month Pro Fees/month
US Securities Snapshot and Futures Value Bundle 1, 2, 3, 4 USD 10.00 Base Waived for Activity 4
+ USD 0.01 per Snapshot 24,25
N/A
Professional US Securities Snapshot Bundle 1, 6 N/A USD 10.00 Waived for Activity 6
+ USD 0.01 per Snapshot 24,25
US Futures Value PLUS Bundle 5 USD 5.00 N/A
US Equity and Options Add-On Streaming Bundle 26,27 USD 4.50 USD 122.00
Bond Ratings (Corporates and Municipals) 12 USD 1.00 USD 1.00
CBOE Market Data Express Indices USD 2.25 USD 2.25
CBOT Real-Time Depth of Book (L2) 3 N/A USD 90.00 10
CFE Enhanced Top of Book (L1) USD 2.50 USD 7.50
CFE Enhanced with Depth of Book (L2) USD 4.00 USD 15.00
CME Real-Time Depth of Book (L2) 3 N/A USD 90.00 10
CME S&P Indexes USD 4.25 USD 4.25
COMEX Real-Time Depth of Book (L2) 3 N/A USD 90.00 10
Dow Jones Global Indices USD 1.00 USD 2.00
ICE Futures U.S. (NYBOT) 11 USD 120.75 USD 120.75
ISE Options Depth of Book (L2) USD 10.00 USD 60.00
NASDAQ BX TotalView USD 2.00 USD 43.00
NASDAQ Global Index Data Service USD 2.50 21 USD 11.00 21
NASDAQ Options Market Depth of Book (L2) USD 10.00 USD 60.00
NASDAQ TotalView-OpenView Bundled 13 USD 15.00 USD 86.50
NASDAQ TotalView-OpenView EDS 22 USD 1.00 USD 10.00
NYSE (Network A/CTA) Top of Book (L1) - Billed by the NYSE N/A USD 45.00
NYSE (Network A/CTA) Top of Book (L1) - Billed by Best Mastery Capital (Professionals starting January 1, 2017) USD 1.50 USD 45.00
AMEX (Network B/CTA) Top of Book (L1) USD 1.50 USD 23.00 7
NASDAQ (Network C/UTP) Top of Book (L1) USD 1.50 USD 23.00
Global OTC Equities(L2) USD 1.50 23 USD 48.50 23
NYMEX Real-Time Depth of Book (L2) 10 N/A USD 90.00 10
NYSE AMEX Options Depth of Book (L2) USD 10.00 USD 60.00
NYSE Arca Options Depth of Book (L2) USD 10.00 USD 60.00
NYSE ArcaBook Depth of Book (L2) USD 11.00 USD 40.00 8
NYSE Global Index Feed USD 1.00 USD 18.25
NYSE MKT Order Imbalances USD 1.00 28 USD 1.00 28
NYSE OpenBook Depth of Book (L2) USD 25.00 USD 60.00
NYSE Order Imbalances USD 1.00 28 USD 1.00 28
OCX Data (OneChicago SSF) 14 USD 1.00 USD 1.00
OPRA Top of Book (L1) (US Option Exchanges) 15 USD 1.50 16 USD 32.75
(includes all exchanges)
OTC Markets Top of Book (L1) USD 3.00 USD 30.00
OTC Markets Depth of Book (L2) USD 16.00 USD 80.00
RussellTick Indices Real-Time USD 2.00 USD 15.00
TRACE (BTDS) Corporate Bond Data N/A USD 65.00
US Mutual Funds Fee Waived 21 Fee Waived 21
US Bond Real-Time Data 12 Fee Waived Fee Waived

Canada

Region/Exchange Non-Pro Fees/month Pro Fees/month
Canadian Exchange Group (TSX/TSXV) Top of Book (L1) (Non-Canadian Residents Only) USD 20.00 USD 73.00
Toronto Stock Exchange Top of Book (L1) (Canadian Residents Only) CAD 9.00 CAD 34.50
Toronto Market by Price Depth of Book (L2) 18 USD 14.00 20 USD 30.00 20
TSX Venture Exchange Top of Book (L1) (Canadian Residents Only) CAD 9.00 CAD 27.00
TSX Venture Market by Price Depth of Book (L2) 19 USD 16.00 20 USD 16.00 20
Montreal Exchange Top of Book (L1) (CDE) USD 6.00 20 USD 43.00 20
Montreal Exchange Depth of Book (L2) (CDE) USD 9.00 20 USD 54.50 20
Aequitas NEO (P,L1) N/A USD 10.00

Mexico

Region/Exchange Non-Pro Fees/month Pro Fees/month
Mexican Derivatives Exchange Top of Book (L1) USD 5.00 USD 15.00
Mexican Stock Exchange Top of Book (L1) USD 13.00 USD 32.00


Sample Market Data Subscriptions

The sample market data subscriptions in the following table below can help you choose the right subscriptions for your trading needs.

Market Data Desired Non-Professional
subscription(s) needed
Non-Professional
subscription(s) needed
AMEX-, ARCA-, BATS-listed top-of-order book (NBBO) streaming quotes US Securities Snapshot and Futures Value Bundle US Equity and Options Add-On Streaming Bundle
NASDAQ-listed (ex: MSFT) top-of-order book (NBBO) streaming quotes NASDAQ (Network C/UTP)

US Securities Snapshot and Futures Value Bundle

US Equity and Options Add-On Streaming Bundle
NASDAQ (Network C/UTP)

Professional US Securities Snapshot Bundle

US Equity and Options Add-On Streaming Bundle
NYSE-listed (ex:BMC M) top-of-order book (NBBO) streaming quotes NYSE (Network A/CTA) Professional US Securities Snapshot Bundle


Notes:

  1. Includes snapshot data for Consolidated Tapes A, B, and C (NYSE, AMEX, NASDAQ) to provide NBBO. Requesting snapshot quotes will result in extra fees on top of the base value of the service. Also includes top of book quotes for OTC Markets, Dow Jones Indices, CBOE Market Data Express Indices, and US Bond Quotes. For more information on snapshot quotes, please visit http://ibkb.interactivebrokers.com/node/2830
  2. Includes top of book quotes for CBOT, CME, COMEX, and NYMEX
  3. Access to US Futures data requires clients to have US Futures Trading Permissions.
  4. Accounts must generate at least USD 30 in commissions per month per each user subscribed.
  5. Requires a subscription to the US Securities Snapshot and Futures Value Bundle. Includes depth of book quotes for CBOT, CME, COMEX, and NYMEX.
  6. Accounts must generate at least USD 30 in commissions per month per each user subscribed.
  7. Subscribing to AMEX (Network B/CTA) will allow a client to SMART route AMEX and ARCA listed stocks.
  8. Subscribing to NYSE ArcaBook Depth of Book (L2) will allow a client to see ARCA Depth of book quotes and will only allow a client to see top of book bid/ask if they Direct Route their quote to ARCA. For a last quote, the client will need a subscription to AMEX (Network B/CTA).
  9. Floor-based data generally only includes last sale, as there are rarely bid-ask quotes.
  10. Top of Book data is included in the Depth of Book subscription.
  11. Includes options and Liffe precious metals futures and futures options.
  12. Includes US corporate bonds and US-Treasuries.
  13. Must subscribe to NYSE (Network A/CTA), AMEX (Network B/CTA), and NASDAQ (Network C/UTP) data.
  14. USD 10.00/month forBMC IS Stand-Alone Clients.
  15. Includes all options exchanges
  16. For each subscriber the account must generate at least USD 20 in commissions per month to have the monthly fee waived for all users.
  17. Must have appropriate CDE trading permission
  18. Requires a subscription to the Toronto Stock Exchange Top of Book or Canadian Exchange Group (TSX/TSXV).
  19. Requires a subscription to the Venture Exchange Top of Book Non-Professional or Canadian Exchange Group (TSX/TSXV).
  20. Service is denominated in CAD for Canadian Accounts.
  21. These services can trigger Hosted Solutions fees. For more information, please go to http://ibkb.interactivebrokers.com/article/1852.
  22. Must subscribe to the standard NASDAQ TotalView-OpenView Bundled data.
  23. Global OTC Equties (L2) data will increase in price as of July 1, 2017.
  24. Snapshots are capped and switched to streaming quotes when the total snapshot cost equals the streaming equivalent.
  25. The streaming service for Network A, B, or C (NYSE, AMEX, NASDAQ) supersedes their respective snapshot service. If a client subscribes to the streaming service of NYSE, AMEX, or NASDAQ before being capped for the exchanges' snapshot service, they will only pay for the streaming service, not the month's previous snapshots for the respective service.
  26. Includes NYSE (Network A/CTA), AMEX (Network B/CTA), NASDAQ(Network C/UTP), and OPRA(US Options).
  27. Requires US Securities Snapshot and Futures Value Bundle for NonProfessionals or Professional US Securities Snapshot Bundle
  28. NYSE MKT and NYSE Order Imbalance subscriptions will increase in price as of June 1, 2017.

EuroNext (Belgium, France, Netherlands, Portugal)

Region/Exchange Non-Pro Fees/month Pro Fees/month
Euronext All Indices Real-Time Data Included in Euronext Data Bundle Top of Book (L1) and Depth of Book (L2) EUR 17.00
Euronext Cash Top of Book (L1) Available as Euronext Data Bundle – Top of Book (L1) (Stock Depth of Book (L2) – Equity Derivatives Top of Book (L1) ) EUR 66.25
Euronext Cash Depth of Book (L2) Available as Euronext Data Bundle – Top of Book (L1) (Stock Depth of Book (L2) – Equity Derivatives Depth of Book (L2) EUR 98.75
Euronext Commodity Derivatives Depth of Book (L2) EUR 17.00 EUR 17.00
Euronext Currency Derivatives Depth of Book (L2) EUR 3.00 EUR 3.00
Euronext Data Bundle - Level I (Stocks Depth of Book (L2) - Equity Derivatives Top of Book (L1) ) EUR 2.00 N/A
Euronext Data Bundle - Level II (Stocks Depth of Book (L2) - Equity and Index Derivatives Depth of Book (L2) ) EUR 39.00 Available as Euronext Cash Market Depth of Book (L2) plus Euronext Equity and Index Derivatives Depth of Book (L2)
Euronext Equity and Index Derivatives - Depth of Book (L2) EUR 37.00 EUR 37.00

Austria

Region/Exchange Non-Pro Fees/month Pro Fees/month
Vienna Stock Exchange Indices Available as Vienna Stock Exchange Level 1 + Indices EUR 9.00 7
Vienna Stock Exchange Cash Market Top of Book (L1) Available as Vienna Stock Exchange Level 1 + Indices EUR 33.00
Vienna Stock Exchange Cash Market - Depth of Book (L2) Available as Vienna Stock Exchange Level 2 + Indices EUR 44.00
Vienna Stock Exchange - Top of Book (L1) + Indices EUR 3.50 Available as Vienna Stock Exchange Level 1 plus Vienna Stock Exchange Indices
Vienna Stock Exchange - Depth of Book (L2) + Indices EUR 6.00 Available as Vienna Stock Exchange Level 2 plus Vienna Stock Exchange Indices

Czech Republic

Region/Exchange Non-Pro Fees/month Pro Fees/month
Prague Stock Exchange Cash Market Top of Book (L1) EUR 3.50 EUR 14.00
Prague Stock Exchange Cash Market Depth of Book (L2) EUR 9.50 EUR 24.50

Germany

Region/Exchange Non-Pro Fees/month Pro Fees/month
Deutsche Boerse Indices & Xetra ETFs EUR 1.25 EUR 6.50
Eurex Top of Book (L1) Real-Time Information 3 EUR 8.75 EUR 40.50
Eurex Depth of Book (L2) Real Time Information 4 EUR 13.00 EUR 54.50
Spot Market Germany (Frankfurt/Xetra) Top of Book (L1) EUR 16.25 EUR 60.00
Spot Market Germany (Frankfurt/Xetra) Depth of Book (L2) (1) EUR 21.75 EUR 75.75
STOXX© Index Data Real-Time EUR 8.00 EUR 9.00
Stuttgart Boerse incl. Euwax (SWB) EUR 5.50 EUR 8.00
Xetra European Stars Top of Book (L1) 3 EUR 2.50 EUR 8.75
Xetra European Stars Depth of Book (L2) 4 EUR 3.50 EUR 8.75
Xetra US Stars Top of Book (L1) 3 EUR 5.00 EUR 8.75
Xetra US Stars Depth of Book (L2) 4 EUR 6.50 EUR 13.00

Italy

Region/Exchange Non-Pro Fees/month Pro Fees/month
Borsa Italiana (BVME stock / IDEM deriv) Top of Book (L1) EUR 3.00 EUR 15.00
Borsa Italiana (BVME stock / IDEM deriv) Depth of Book (L2) EUR 17.00 EUR 46.50

Nordic (Denmark, Finland, Norway, Sweden)

Region/Exchange Non-Pro Fees/month Pro Fees/month
Nordic Derivatives Top of Book (L1) 6 EUR 3.00 Top of Book (L1) Data not Available to Professional Subscribers
Nordic Derivatives Depth of Book (L2) 6 EUR 5.00 EUR 33.50
Nordic Equity Top of Book (L1) 6 EUR 1.00 EUR 34.75
Nordic Equity Depth of Book (L2) 6 EUR 5.00 EUR 65.00
Oslo Bors Top of Book (L1) NOK 11 N/A
Oslo Bors Depth of Book (L2) NOK 110 NOK 350
Turquoise Derivatives (Nordic) NOK 5.00 NOK 5.00

Other European Exchanges

Region/Exchange Non-Pro Fees/month Pro Fees/month
European (BATS/Chi-X) Equities Depth of Book (L2) 2,6 Fee Waived USD 10.00
Turquoise ECNs Level 1 GBP 6.00 GBP 7.25
Turquoise ECNs Level 2 GBP 12.00 GBP 14.00

Spain

Region/Exchange Non-Pro Fees/month Pro Fees/month
Bolsa de Madrid Top of Book Plus (L1) EUR 5.25 EUR 28.25
Bolsa de Madrid Depth of Book (L2) EUR 15.50 EUR 53.50
BMC EX and LATIBEX Indices EUR 5.50 EUR 5.50
BME (MEFF) Top of Book (L1) EUR 2.25 EUR 12.00
BME (MEFF) Depth of Book (L2) EUR 4.50 EUR 21.00

Switzerland

Region/Exchange Non-Pro Fees/month Pro Fees/month
SIX Structured Basic Access CHF 6.50 CHF 15.25
SIX Structured Advanced Access CHF 8.75 CHF 22.00
SIX Swiss Exchange Top of Book (L1) N/A CHF 26.75
SIX Swiss Exchange Depth of Book (L2) CHF 10.00 CHF 96.50

United Kingdom

Region/Exchange Non-Pro Fees/month Pro Fees/month
ICE Futures E.U. - Commodities (IPE) 5 USD 120.75 USD 120.75
ICE Futures E.U. – Financials (LIFFE) 5 USD 120.75 USD 120.75
LSE International Top of Book (L1) GBP 4.25 GBP 27.00
LSE UK Top of Book (L1) GBP 5.00 GBP 50.00


Notes:

  1. FWB floor data is provided at Level I only.
  2. Includes Chi-X, NURO.
  3. Level I does not provide any market depth (just bid /ask).
  4. Level II only shows a market depth of 5.
  5. Includes options.
  6. These services can trigger Hosted Solutions fees. For more information please go to http://ibkb.interactivebrokers.com/article/1852
  7. Price increase from EUR 8.50 to EUR 9.00 effective July 1, 2017.
  8. Price increase from EUR 4.50 to EUR 5.50 effective July 1, 2017.
  9. Price increase from EUR 6.00 to EUR 8.00 effective July 1, 2017.

Australia

Region/Exchange Non-Pro Fees/month Pro Fees/month
ASX Total Depth of Book (L2) AUD 25.00 AUD 88.00 9
Chi-X Australia 2 AUD 7.50 AUD 22.50
ASX24 Commodities and Futures Depth of Book (L2) AUD 11.00 AUD 41.00

China

Region/Exchange Non-Pro Fees/month Pro Fees/month
Shanghai Stock Exchange 5 Second Snapshot (via HKEx) 3, 8 USD 1.00 USD 1.00
Shanghai Stock Exchange Top of Book (L1) (non-Mainland China residents) 4, 6 USD 24.00 USD 30.00
Shanghai Stock Exchange Depth of Book (L2) (non-Mainland China residents) 5, 6 USD 35.00 USD 35.00
Shanghai Stock Exchange Levels 1 & 2 (Mainland China residents) 5, 7 USD 5.00 USD 5.00
Shenzhen Stock Exchange 3 Second Snapshot (via HKEx) 3, 8 USD 1.00 USD 1.00
Shenzhen Stock Exchange Top of Book (L1) (non-Mainland China residents) 4, 6 USD 16.50 USD 16.50
Shenzhen Stock Exchange (Mainland China residents) 5, 7 USD 5.50 USD 5.50

Hong Kong

Region/Exchange Non-Pro Fees/month Pro Fees/month
Hang Seng Indexes HKD 15.00 HKD 15.00
Hong Kong Derivatives (Fut & Opt) Top of Book (L1) HKD 25.00 HKD 25.00
Hong Kong Derivatives (Fut) Depth of Book (L2) HKD 100.00 HKD 100.00
Hong Kong Securities Exchange (Stocks, Warrants & Bonds) Top of Book (L1) HKD 130.00 HKD 130.00
Hong Kong Securities Exchange (Stocks, Warrants & Bonds) Depth of Book (L2) HKD 225.00 HKD 225.00

India

Region/Exchange Non-Pro Fees/month Pro Fees/month
National Stock Exchange of India, Capital Market Segment, Top of Book (L1) USD 9.50 USD 9.50
National Stock Exchange of India, Capital Market Segment, Depth of Book (L2) USD 13.50 USD 13.50
National Stock Exchange of India, Futures and Options Segment, Top of Book (L1) USD 14.50 USD 14.50
National Stock Exchange of India, Futures and Options Segment, Depth of Book (L2) USD 20.50 USD 20.50

Japan

Region/Exchange Non-Pro Fees/month Pro Fees/month
Chi-X JPY 100.00 JPY 100.00
Osaka Exchange Top of Book (L1) 1 JPY 200.00 JPY 1500.00
Osaka Exchange Depth of Book (L2) 1 JPY 400.00 JPY 2200.00
Tokyo Stock Exchange Top of Book (L1) JPY 300.00 JPY 3000.00

Singapore

Region/Exchange Non-Pro Fees/month Pro Fees/month
Singapore Exchange (SGX) – Derivatives Top of Book (L1) SGD 1.25 SGD 1.25
Singapore Exchange (SGX) – Stocks Top of Book (L1) SGD 11.00 SGD 11.00

South Korea

Region/Exchange Non-Pro Fees/month Pro Fees/month
Korea Stock Exchange Depth of Book L2 Fee Waived Fee Waived


Notes:

  1. Includes Derivatives and Indices.
  2. Chi-X Australia is required to see the true NBBO for ASX listed stocks.
  3. 5 second snapshot data for bid/ask and last.
  4. Real-time last with 3 second bid/ask snapshot data.
  5. Real-time last with 3 second bid/ask snapshot data and market depth.
  6. For clients who have accounts registered outside of Mainland China.
  7. For clients who have accounts registered inside Mainland China.
  8. For each subscriber the account must generate at least USD 5 in commissions per month to have the monthly fee waived for all users.
  9. Price increase from AUD 80.00 to AUD 88.00 effective July 1, 2017.

Notes:

  • Market data fees for each month will be charged to your account during the first week of the subsequent month.
  • Customers without enough cash to pay market data fees will have positions liquidated to cover the fees. Those customers without enough equity to pay market data fees will have their remaining equity applied to the market data fees, and then the account will be closed.
  • Partial month subscriptions will be charged at the full month's rate.
  • Requests to unsubscribe to market data which are received after midnight ET will be processed with an effective date of the following day.
  • There is no cap on the quantity of market data lines allocated per customer.
  • Market data for Advisors and Brokers is calculated based on aggregate commissions and equity for all accounts, and all accounts receive the same number of market data lines.
  • Advisors and Brokers without any funds in their master account to cover their market data fees will have their market data turned off until there are funds in the master account to cover market data fees.
  • Trading accounts with less than USD 500 (or non-USD equivalent) in equity will have their market data turned off. In the event market data is turned off, the account equity must be increased to USD 2,000 (or non-USD equivalent) before market data will be re-enabled.

Market Data Display




How Market Data is Allocated

In order to receive real-time market data, customers must be a subscriber to market data. All clients initially receive 100 concurrent lines of real-time market data (which can be displayed in TWS or via the API) and always have a minimum of 100 lines of data. After the first month of trading, the quantity of market data is allocated using the greater value of:

  • USD monthly commissions divided by 8
  • USD equity multiplied by 100 divided by $1,000,000
    (rounded down to the nearest integer)
  • 100
  • Example 1:
    In month two, your account shows the following values: USD Monthly Commissions: $16 , USD Equity: $950,000
    Using the calculations above, you would still receive the minimum 100 lines of data, since: $16/8 = 2
    $950,000 x 100 / $1,000,000 = 95
  • Example 2:
    In month three, your account shows the following values: USD Monthly Commissions: $500 , USD Equity: $1,245,000
    Using the calculations above, you would receive 124 lines of data, since: $500/8 = 62.5
    $1,245,000 x 100 / $1,000,000 = 124.5 , rounded down to 124.

The number of symbols that can be viewed simultaneously via the TWS deep book windows (including BookTrader, Market Depth and ISW) is determined as follows: one unique symbol for every 100 allowed lines of market data, with a minimum of three and a maximum of 60. For example, a client with the default allowance of 100 tickers will be able to simultaneously view three deep book windows. A client who, based on commissions, equity or other criteria, is allowed 500 tickers will be able to simultaneously view five deep book windows. Note that this number may change month to month if the number of allowed tickers for your account changes.



Snapshot

A Snapshot subscription allows users the ability to request a singular instance, non-streaming quote of market data for an individual stock. Snapshot quotes do not update and do not refresh on their own. They are an alternative to streaming quotes as users are charged on a per request basis as opposed to a monthly flat fee. Charges for Snapshot requests are typically USD 0.01 and are capped when the dollar value of requests for a certain Network reaches the dollar value of the respective Network streaming service.

Sample Snapshot Caps:

Listed Network Feed Price per Snapshot Quote Subscriber Status Capped Snapshot Streaming Service Activated
AMEX (Network B/CTA) USD 0.01 Non-Pro 150 AMEX (Network B/CTA) (NP,L1)
AMEX (Network B/CTA) USD 0.01 Pro 2300 AMEX (Network B/CTA) (P,L1)
NASDAQ (Network C/UTP) USD 0.01 Non-Pro 150 NASDAQ (Network C/UTP) (NP,L1)
NASDAQ (Network C/UTP) USD 0.01 Pro 2300 NASDAQ (Network C/UTP) (P,L1)
NYSE (Network A/CTA) USD 0.01 Non-Pro 150 NYSE (Network A/CTA) (NP,L1)
NYSE (Network A/CTA) USD 0.01 Pro 4500 NYSE (Network A/CTA) (P,L1)


Quote Booster

Increase your allowance of simultaneous quotes windows by purchasing monthly Quote Booster packs at USD 30.00 per pack.

  • Each booster pack provides 100 simultaneous Level I quotes. Booster Pack quotes are additional to your monthly quote allotment from all sources, including commissions.
  • Booster pack quotes are available for use in the desktop systems and in the API.
  • Once subscribed, quotes are available immediately and will display the next time you log into the system.
  • Data from a cancelled booster pack subscription remains available through the end of the current billing cycle.
  • Limit of 10 Quote Booster packs per account.
Disclosures

  • *FREE TRIAL—— Receive free for a 30 day period from date of subscription. The free trial subscription will terminate once the 30 day period is over. Once the trial data has terminated, the account may elect to re-subscribe to continue receiving the data. Should the trial data terminate mid-month and the election is made to re-subscribe, a full month charge will be levied as the exchanges do not prorate fees. For example, an account subscribing to a service subject to a free trial on October 15 will receive data for free until November 14. Should the account wish to continue receiving data past the 14th, the account must log into Account Management and re-subscribe once the data has terminated. The re-subscription will result in a full month charge for November. This data will then continue until the account unsubscribes from the service.
  • Market Data and Research Subscription Termination - If you do not log into Trader Workstation (TWS) for 60 days, you will be notified that your active market data and research subscriptions will expire at the end of the current month. You can avoid subscription termination by logging into TWS or by choosing to continue the subscriptions on the Market Data and Research pages in Account Management.
  • Market data subscription costs will not be pro-rated. Users who subscribe to or unsubscribe from data mid-month will be charged at the full month rate.
  1. $7 fee assessed on months that commissions total less than $30.
  2. $3 fee assessed on months that commissions total less than $30.

Non-Professional Subscriber - A "Non-professional Subscriber" is any natural person (the definition of a natural person excludes corporations, trusts, organizations, institutions and partnership accounts) whom a market data vendor has determined qualifies as a "Nonprofessional Subscriber" and who is not:

  1. Registered or qualified with: the Securities and Exchange Commission, the Commodities Futures Trading Commission, any state securities agency, any securities exchange or association, or any commodities or futures contract market or association, nor
  2. Engaged as an "investment advisor" as that term is defined in Section 201(11) of the Investment Advisor's Act of 1940 (whether or not registered or qualified under that Act), nor
  3. Employed by a bank or another organization that is exempt from registration under Federal and/or state securities laws to perform functions that would require him or her to be so registered or qualified if he or she were to perform such functions for an organization not so exempt.

Any person who does meet the above criteria (a, b, & c) is considered a Professional Subscriber.