professional licensing
Professional & redistribution licensing
If market data reaches a business, a registered market participant, or anyone outside your organisation, the exchanges price it per user and per exchange rather than at a flat retail rate.
We pass those fees through at cost. The arithmetic is below, in full, before you tell us anything.
What it will cost
Exchange fees are set by CME Group and OPRA, not by us, and are shown here at the rate we pay. Our margin is the platform line and nothing else — you can check every other figure against the exchanges' own published fee schedules.
Redistribution is quoted separately: from $2500/month plus $199 per reported end user. The number depends on how the data is displayed and to whom, so there is no honest calculator for it.