Overview
Effective May 1, 2012, Direct Edge will introduce fees for its depth of book market data feed for EDGA Exchange, Inc. and EDGX Exchange, Inc., pending Securities and Exchange Commission (SEC) approval. Market data fees will apply to internal and external distribution, with no fees for User displays/devices.
Fee Details
Effective May 1, 2012, Direct Edge will begin to charge the following market data fees, pending SEC approval. Firms will receive their first invoice in June for May market data usage.
Delivery |
Fee |
|
Internal Distribution |
$500/month per Data Recipient per Exchange |
|
External Distribution |
$2,500/month per Data Recipient per Exchange |
- No fees for User displays/devices
- No limit to the number of Users that receive the data
- Fees apply to both controlled and uncontrolled distribution
- Data is available in both unicast and multicast formats
Key Definitions
- External Distributor - A Data Recipient that receives Exchange Data from Direct Edge or a Data Feed Distributor that is itself a Data Feed Distributor or External Controlled Data Distributor as defined within the Direct Edge Market Data Requirements.
- Internal Distributor - A Data Recipient that receives Exchange Data from Direct Edge or a Data Feed Distributor that is itself neither a Data Feed Distributor nor an External Controlled Data Distributor as defined within the Direct Edge Market Data Requirements.
- Data Recipient - A firm that receives a Direct Edge Data Feed from Direct Edge or through a firm that is a Data Feed Distributor.
More Information
- Refer to the Direct Edge Market Data Requirements document.
- Refer to the Data page on the Direct Edge website for specifications and agreements.
- Contact the Direct Edge Sales Team at 866.472.5267