Page History: Market Data Licensing
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Page Revision: 2020/08/05 12:55
Instructions to complete the exchange Market Data forms
Go to
www.t4Login.comERASE the Default firm and enter your clearing firm. If you don’t remember the firm name click your T4 icon on the desktop to get the name of your firm.
Enter your regular username/password.
ALL fields must be completedIf you have a question which role you are, pro or non pro, click the link next to the choice for the definitions from the Exchange.
You must agree to the legal agreements at the bottom of the page then click save and continue.
IMPORTANT: This is required if you do not fill out the forms you will not be able to login.
Market Data setup page
You must make a selection for each exchange that is not grayed out.
If you select
None you will not see any data and therefore will not be charged.
NOTE: There is also an option in the Market data setup for delayed. If you select delayed for an exchange that market will be delayed by 10 minutes. Currently ICE and CME are not charging market data fees for this.
Exchange Market data Pricing Estimates
Below is an estimate of the fees the exchange charges each month for Market data.
Please note that this is an estimate and the exchanges can change the prices at anytime.
| CME Market Data |
PRO |
Non - Pro |
E-Mini Only |
Top of Book |
| CBOT |
$105 |
$10 |
$40 |
$1 |
| CME |
$105 |
$10 |
$60 |
$1 |
| Nymex |
$105 |
$10 |
$45 |
$1 |
| Comex |
$105 |
$10 |
$35 |
$1 |
| Eurex |
PRO |
Non - Pro |
| Eurex |
$63 |
$15 |
| ICE |
Fee |
| ICE Canada |
$20 |
| ICE Europe |
$110 |
| ICE US |
$110 |
| Euronext |
Fee |
| Paris Commodities |
€16 |
| Paris Financials |
€36 |
API Instances
We allow up to 3 API instances on the same machine. Every additional instance is $25.
Examples:
.Net API Maximum usage no additional fees
Workstation A
i. T4 Desktop Client
ii. .Net API Algo1
iii. .Net API Algo2
.Net API Additional fees
Workstation A
i. T4 Desktop Client
ii. .Net API Algo1
iii. .Net API Algo2
iv. .Net API Algo3 - $25 a month in addition
.Net API Connection Rejected
Workstation A
i. T4 Desktop Client
ii. .Net API Algo1
Workstation B
i. .Net API Algo2 – Connection rejected due to second machine.
FIX API
Workstation A
i. FIX Connection
FIX API
Workstation A
i. T4 Desktop Client - Connection Refused/Disconnected cannot be combined with any other combination of API’s
FIX API
Workstation A
i. .Net API Algo1 - Connection Refused/Disconnected cannot be combined with any other combination of API’s
While the CME allows for software running on 2 workstations we didn’t get this complex because the CME restricts this to retail customers. Professionals are limited to a single workstation per market data license fee. So, regarding CME market data licensing from the professional point of view (most our users) our software must run on the same machine.
FIX is limited to a single instance per set of user credentials. There is no way for us to detect the hardware the software is running on as there is no CTS code running on customer workstations/servers running FIX.