Trading clients: market and trade data monthly fees
|Top of book only||$75*||$300**|
|Full order book||$2,500***||$2,500***|
* 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|
|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|
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.
VAT will be added unless you are based outside the EU or are a VAT registered business based inside the EU (excluding GB & NI).