Market and trade data fees

Trading clients: market and trade data monthly fees

Access Java/.Net FIX
Top of book only $75* $300**
Full order book $2,500*** $2,500***
Trade data N/A $7,500****

* Free if $3m notional traded per month across all liquidity pools
** Free if $100m notional traded per month across all liquidity pools
*** Free if $500m notional traded or $5,000 in commission paid per month across all liquidity pools
**** Free if $10bn notional traded per month across all liquidity pools

Market data access via ITCH (effective from 1st April, 2020)

Data fees are based on a client’s aggregate monthly notional traded volumes across all LMAX Group execution venues

Notional traded volumes per month Flat Monthly Fee
Over $10 bn Free of charge
$5bn to $10bn $10,000
Less than $5bn $20,000

Other fees

Market data redistribution for broker clients $2,500 minimum monthly commission applicable
Market data only clients Top of book: $10,000 per month
Full order book: $25,000 per month
Trade data for non trading clients $12,500 per month
Access via Market Data Vendor As set by Vendor
Cross connect for inactive clients $1,000 per port per month
White label (GUI) – set up $5,000
White label (GUI) – ongoing $2,500 minimum monthly commission applicable
Dormant accounts – retail $50 per month
Dormant accounts – corporate $100 per month

Notes

An account is considered dormant after 6 months of trading inactivity.
No fees are applicable to API/FIX/ITCH users during their first month of live trading.
Broker clients will not be subject to fees or minimum commissions during their first 3 months of live trading.