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​Equity and Index options

The professionals from European brokerage company FXFINPRO Capital have been operating in the financial markets for over 10 years. Only rare professionals are familiar with the markets at such a high level. That is the reason we provide our customers with the essentials to make the most out of their invested strategies out of the risk-controlled environment potential of reaching.* One of the effective tools that we provide access to for the experienced traders is the equity options (share and index options).

What are the options?

In general, an option is a contract for the right to buy (call option) or sell (put option) a certain asset or security at an agreed price within a certain time. We emphasize that the purchase and sale deal does not need to take place, and in today's realities the options have long been a tool for hedging or making a speculative profit.

The first options appeared in the 17th century in the Netherlands, where farmers were trying to protect themselves against losses in the event of crop failure. Believe it or not, we talk here about the options for buying and selling tulips. Today's market represents tens of thousands contracts for more than 3,000 securities daily traded worldwide.

FXFINPRO Capital offers a huge range of instruments from the world's major option exchanges such as CBOE, ISE, NYSE, NASDAQ and many others with the very low commissions!

Today you can operate the put and call options not only in relation to single stocks, but also to composite indexes, as well as many ETF-funds traded on the stock exchanges.

The advantages of options

The range of FXFINPRO Capital financial products includes Equity Options and Index Options. Upon their competent utilization, these tools open up the broadest opportunities both for trading and investing. Here are just a few areas of options application:

  • Portfolio hedging. If you purchase shares of certain companies, the purchase of put options on the same shares will protect you against losses in the event of a trend reversal or a collapse of the market. The cost of options (premium) could be not too large fee for a reliable insurance*.
  • Leveraged potential profits with the limited risk. Traders and investors not always would like to stake the large amounts – but, in case you have right opinion regarding the strong market move, you can make profit much larger than your maximum risk in the trade on the certain purchase of options*.
  • Trading Short. Not all shares are available for “short”; while there could appear good opportunities to gain on their downside moves. Buying put options is a great option to potentially gain profit in a bear market*.

FXFINPRO Capital offers its customers hundreds of options. It's a great way to aim profitability on a change in stock prices, indexes, and even market volatility (VIX). All your trades are placed through modern online direct market access platforms, and orders for purchase, sale and exercise of options are executed by options exchanges in real time*.

How it works

Now let's look at a simple example of trading on options. Let's say you want to earn on decreasing the price of the company's A shares, the current rate of which is $50. To buy 100 shares you would need 5,000 dollars, but you can alternatively decide to buy call options which are much cheaper*.

One stock option contract is usually for 100 shares, while the option exchange gives the quotes per one share. So, for example, you acquire 5 call option contracts (for 500 shares in total) at $1 per share. "Strike" on options - the strike price - is at the level of $52, and expiration comes, say, 2 weeks later (usually the expiry of options happens on the third Friday of each month). If, before the expiry the stock price of the company A rises to $56, than the price of the option would rise to $4 per share at least. In case there is some time before the contract expiration, its price would be even higher. Than we could sell this contract at the market gaining (4-1)*500=$1500.

The same size profit would be obtained in case we exercise the options and receive the share for $52 per share, according to contract strike price. Than selling these shares at the market price 56 we get the profit $4 per share, $2000 in total. Less the initial premium paid for the options, $500, our profit would be 2000 – 500 = $1500.

What happens if the price does not increase and the "strike" is not reached until the expiration? In the worst case, we will lose the amount paid for option contracts - $500. Notice, this is a maximum possible loss for this strategy, even in case the price of company A shares would drop to 0*.

The Options Trading could be not just potentially profitable (subject to conditions), but also an interesting business. In this market, there are hundreds of strategies that could potentially help you to increase your profits from trading in the stock and futures markets, to protect your investments from collapses and crises, and to earn on reversal strategies and short positions.* FXFINPRO Capital is ready to provide professional support, the advanced trading platforms, and the best conditions for option trading!

Please be careful, since the option prices could rise and fall by hundreds and even thousands percent in short time, they bear significant risk as well as transaction costs. You require enough trading experience and understanding of this instruments and their risks to be able to trade successfully.

*Risk Warning: The material provided herein is only for marketing purposes and should not be construed as investment advice. Furthermore, the material provided should be considered as marketing material and not as investment research. Please seek independent advice.

The examples included above, are for illustrative purposes only and should not be construed as representing expected investment success or failure.

Trading of complex financial products, such as Stocks, Futures, Foreign Exchange (‘Forex’), Contracts for Difference (‘CFDs’), Indices, Options, or other financial derivatives, on ‘margin’ carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any of these markets you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full ‘Risk Disclosure’ and ‘Risk Disclosures for Financial Instruments & Investment Services’

Equity Options Margin

The following calculations apply only to Margin (Reg T) accounts and Cash accounts.

The information below is applicable to equity options (single stock options and index options, traded at options exchanges). For information on futures options please refer to Futures page.

In USA one option contract is usually specified for 100 shares, while the prices are given per 1 share.

FINRA and the NYSE have imposed rules to limit small investor day trading. Customers that these organizations classify as Pattern Day Traders are subject to Day Trading Restrictions for US Securities.

Please note that we do not support option exercises, assignments or deliveries which may result in an account being non-compliant with margin requirements.

In addition to the policy of force liquidating client positions in the event of a real-time margin deficiency, clearing firm will also liquidate positions based upon certain expiration-related events which, after giving effect to, would create undue risk and/or operational concerns.

The following tables show option margin requirements for each type of margin combination for US, Canadian and Australian equity options.

For Non-US and Non-Canadian options margin requirements are determined by risk based portfolio analysis models specified by each exchange. US Reg T Margin requirements are also applied at the end of each trading day.

Margin In A Small Image of Graph

Long Call or Put

Reg T Margin
Initial/RegT End of Day Margin None. Option premium should be paid in full.
Maintenance Margin Same as Initial
Cash Same as Initial

Short Naked Call

Reg T Margin
US Options Initial/RegT End of Day Margin Stock Options 1
Call Price + Maximum ((20% 2 * Underlying Price - Out of the Money Amount),
(10% * Underlying Price))

Index Options 1
Call Price + Maximum ((15% 3 * Underlying Price - Out of the Money Amount),
(10% * Underlying Price))

World Currency Options 1
Call Price + Maximum ((4% 2 * Underlying Price - Out of the Money Amount),
(0.75% * Underlying Price))

Cash Basket Option 1
In the Money Amount

Canadian Options Initial Margins Stock Options 1
Call Price + Maximum (((30% * Underlying Price) - Out of the Money Amount),
10% * Underlying Price)

Index Options
1
Call Price + Maximum (((15% * Underlying Price) - Out of the Money Amount),
10% * Underlying Price)
Maintenance Margin Same as Initial
Cash N/A

A Margin of a Graph Short Naked Put

Short Naked Put

Reg T Margin
Initial/RegT End of Day Margin Stock Options 1
Put Price + Maximum ((20% 2 * Underlying Price - Out of the Money Amount),
(10% * Strike Price))

Index Options 1
Put Price + Maximum ((15% 3 * Underlying Price - Out of the Money Amount),
(10% * Strike Price))

World Currency Options 1
Put Price + Maximum ((4% 2 * Underlying Price - Out of the Money Amount),
(0.75% * Underlying Price))
Cash Basket Option 1
In the Money Amount
Canadian Options Initial Margin Stock Options 1
Put Price + Maximum (((30% * (Underlying Price) - Out of the Money Amount),
10% * Strike Price)

Index Options
1
Put Price + Maximum (((15% * (Underlying Price) - Out of the Money Amount),
10% * Strike Price)
Maintenance Margin Same as Initial
Cash Put Strike Price

Covered Calls and Puts

Short an option with an equity position held to cover full exercise upon assignment of the option contract.

Reg T Margin
Initial/RegT End of Day Margin Initial Stock Margin Requirement + In the Money Amount 4
Maintenance Margin Initial Stock Margin Requirement + In the Money Amount 4
Cash Covered Calls
Stock paid in full Covered Puts
N/A

Call Spread

A long and short position of equal number of calls on the same underlying (and same multiplier) if the long position expires on or after the short position.

Reg T Margin
Initial/RegT End of Day Margin Maximum (Strike Long Call - Strike Short Call, 0)
Maintenance Margin Same as Initial
Cash Same as Initial if both options are European-style cash-settled

Otherwise, N/A.

Put Spread

A long and short position of equal number of puts on the same underlying (and same multiplier) if the long position expires on or after the short position.

Reg T Margin
Initial/RegT End of Day Margin Maximum (Short Put Strike - Long Put Strike, 0)
Maintenance Margin Same as Initial
Cash Same as Margin Account

Both options must be European style cash settled.

A Margin of a Graph Long Straddle

Long Call and Put

Buy a call and a put.

Reg T Margin
Initial/RegT End of Day Margin Margined as two long options.
Maintenance Margin Same as Initial
Cash Same as Margin Account

Short Call and Put

Sell a call and a put.

Reg T Margin
US Options Initial/RegT End of Day Margin If Initial Margin Short Put > Initial Short Call,
then Initial Margin Short Put + Price Short Call

else

If Initial Margin Short Call >= Initial Short Put,
then Initial Margin Short Call + Price Short Put
US Options Maintenance Margin Same as Initial
Cash N/A

A Margin of a Graph Long Butterfly

Long Butterfly

Two short options of the same series (class, multiplier, strike price, expiration) offset by one long option of the same type (put or call) with a higher strike price and one long option of the same type with a lower strike price. All component options must have the same expiration, same underlying, and intervals between exercise prices must be equal.

Reg T Margin
Initial/RegT End of Day Margin None
Maintenance Margin Same as Initial
Cash None

Both options must be European-style cash-settled.

Protective Put

Long Put and Long Underlying.

Reg T Margin
Initial/RegT End of Day Margin Initial Stock Margin Requirement
Maintenance Margin Minimum (((10% * Put Strike Price) + Put Out of the Money Amount),
Long Stock Maintenance Requirement)
Cash N/A

Protective Call

Long Call and Short Underlying.

Reg T Margin
Initial/RegT End of Day Margin Initial Standard Stock Margin Requirement
Maintenance Margin Minimum (((10% * Call Strike Price) + Call Out of the Money Amount),
Short Stock Maintenance Requirement)
Cash N/A

Long Condor Margin

Iron Condor

Sell a put, buy put, sell a call, buy a call.

Reg T Margin
Initial/RegT End of Day Margin Short Put Strike - Long Put Strike
Maintenance Margin Same as Initial
Cash If all options are European and cash-settled, same as margin account.
  1. Minimum charge of USD 2.50 per share of underlying. This minimum does not apply for End of Day Reg T calculation purposes.
  2. For Leverage Options, Minimum (20% * Leverage Factor, 100%).
  3. For Leverage Options, Minimum (15% * Leverage Factor, 100%)
  4. For Covered Basket Calls, (short basket call, long component stocks), the margin requirement is for all the component stocks.

Specific options with commodity-like behavior, such as VIX Index Options, have special spread rules and, consequently, may be required to meet higher margin requirements than a straightforward US equity option.

The margin requirements may change without prior notice.

Clients are urged to use the paper trading account to simulate an options spread in order to check the current margin on such spread.

The information below is applicable to equity options (single stock options and index options, traded at options exchanges). For information on futures options please refer to Futures page.

Equity Options - North America

United States - Smart Routed


Commissions

Minimum Per Order
Options with Premiums greater then USD 0.10 USD 1.40 per contract USD 2.00
Options with Premiums between USD 0.05 and USD 0.10 USD 1.00 per contract USD 2.00
Options with Premiums less than USD 0.05 USD 0.5 per contract USD 2.00

Smart Routing is applied by default unless you choose some specific direct route.

United States - Direct Routed


Commissions

Minimum Per Order
All Premiums USD 2.00 per contract USD 2.00

This commission is applied only in case you have selected some specific direct route (exchange) available instead of Smart Routing.

United States - Exchange Fees

AMEX

ISE
BATS MIAX
BOX NASDAQOM
C2 NASDAQ OMX BX Options Exchange
CBOE NYSE Arca (PSE)
EDGX PHLX
GEMINI

There are over 10 option exchanges in US at the moment connected in one consolidated market, each exchange has their own fee policy.

Generally you could expect about 0.5 USD – 1 USD per contract to be charged by US options exchanges.

Contact us to get the up-to-date details on each exchange fees.

United States - Regulatory Fees


Commissions

Options Regulatory Fee ("ORF") 1 USD 0.0417 per contract

This number is as of 5 th November 2015, and it could be changed from time to time without prior notification.

United States - Transaction Fees


Commissions

Transaction Fees 2 USD 0.0000184 * Value of Aggregate Sales
FINRA Trading Activity Fee USD 0.002 * Quantity Sold

These numbers are as of 5 th November 2015, and it could be changed from time to time without prior notification.

United States - OCC Clearing Fees

Tier Fee
Trades of 1 - 500 contracts USD 0.05 per contract
Trades of 501 - 1,000 contracts USD 0.04 per contract
Trades of 1,000 - 2,000 contracts USD 0.03 per contract
Trades of > 2,000 contracts USD 55.00 per trade

These numbers are as of 5 th November 2015, and it could be changed from time to time without prior notification.

Canada


Commissions

Minimum Per Order
All Premiums CAD 2.50 per contract CAD 3.00

Mexico


Commissions

Minimum Per Order
AMXL MXN 50 per contract MXN 50
NAFTRAC MXN 40 per contract MXN 40
QQQQ MXN 60 per contract MXN 60
All Others MXN 80 per contract MXN 80

Notes:

1.The Options Regulatory Fee ("ORF") is charged by the following exchanges: AMEX, BATS, BOX, CBOE, CBOE2, ISE, GEMINI, MIAX, NOM, PCX, PHLX. Fee applies to executions which clear in the "Customer" account with OCC. This will generally include Public Customer and Professional Customer transactions.

2. Transaction fees are only charged for sell orders.

  • Commissions apply to all order types.
  • Modified orders will be treated as the cancellation and replacement of an existing order with a new order.
  • Orders minimums will be applied to the individual legs of a multi-leg order.

Equity Options – Europe

You will be charged a single flat rate per contract that includes all commissions and all exchange, regulatory and other third party fees. VAT, also referred to as consumption tax , goods and services tax , where applicable, will be separately applied for eligible services.

Belgium


Commissions

Minimum Per Order
All EUR 3.00 per contract EUR 3.00

France


Commissions Minimum Per Order
Index Options EUR 3.00 per contract EUR 3.00
Stock Options (Multiplier >=100) EUR 3.00 per contract EUR 3.00
Stock Options (Multiplier < 100) EUR 0.40 per contract EUR 0.40

Germany


Commissions Minimum Per Order
Stock Options EUR 2.20 per contract EUR 2.20
All Index Options not listed below EUR 3.00 per contract EUR 3.00
DJ200 / DJ600 EUR 4.00 per contract EUR 4.00
DAX EUR 3.40 per contract EUR 3.40

Italy


Commissions Minimum Per Order
Stock Options EUR 4.00 per contract EUR 4.00
Index Options EUR 6.00 per contract EUR 6.00

Netherlands


Commissions

Minimum Per Order
USD-denominated Options USD 4.00 per contract USD 4.00
Mini-AEX Options EUR 0.60 per contract EUR 0.60
All Other EUR 3.00 per contract EUR 3.00

Norway


Commissions

Minimum Per Order
Index Options NOK 24 per contract NOK 24
Stock Options NOK 30 per contract NOK 30

Spain


Commissions

Minimum Per Order
Stock Options EUR 1.80 per contract EUR 9.00
Index Options EUR 1.60 per contract N/A

Switzerland


Commissions Minimum Per Order
Stock Options CHF 3.40 per contract CHF 3.40
Index Options CHF 5.60 per contract CHF 5.60

United Kingdom


Commissions

Minimum Per Order
All GBP 3.40 per contract 1 GBP 3.40

Notes:

Stamp duty on option exercise (UK=0.5%) is directly passed through to the customer:

  • Commissions apply to all order types.
  • All exchange and regulatory fees included.
  • Commissions are charged for exercise and assignment.
  • Modified orders will be treated as the cancellation and replacement of an existing order with a new order. On certain exchanges, this may have the effect of subjecting modified orders to commission minimums as if they were new orders. For example, if an order for 200 contracts is submitted and 100 contracts execute, then you modify the order and another 100 contracts execute, a commission minimum would be applied to both 100 contract orders. Orders that persist overnight will be considered a new order for the purposes of determining order minimums.
  • Effective March 1, 2013, certain Italian stocks will be subject to a transaction tax.
    Effective September 1, 2013, derivatives on those Italian securities subject to the transaction tax will similarly become subject to a transaction tax.
  • Equity Options - Asia-Pacific

Australia


Commissions

Minimum Per Order
Index options (ASX) AUD 4.00 per contract AUD 4.00
Stock Options AUD 0.60 per contract AUD 4.00

Hong Kong


Commissions

Minimum Per Order
Index Options HKD 60.00 per contract HKD 60.00
Stock Options 0.4% of option value + exchange fee of HKD 6.00per contract HKD 36.00
HHI HKD 40.00 per contract HKD 40.00
MHI HKD 34.00 per contract HKD 34.00

Japan


Commissions

Minimum
N225 Options (weekly and monthly) 24bps per Trade Value plus external fees JPY 200 per order
Stock Options (TSEJ) JPY 180 per contract JPY 180 per contract

Singapore


Commissions

Minimum
NIFTY USD 5.70 per contract USD 5.70
SGD-denominated options SGD 10.00 per contract SGD 10.00

South Korea


Commissions Minimum Per Order
All 0.4% of option value KRW 2,000

India - (Securities Transaction Tax, Exchange Charges, and Service Tax are not in)


Commissions

Minimum Per Order
Stock Options

INR 50 per board lot None
Index Options

INR 30 per board lot None

Commissions apply to all order types.

Modified orders will be treated as the cancellation and replacement of an existing order with a new order. On certain exchanges, this may have the effect of subjecting modified orders to commission minimums as if they were new orders.

United States

Region/Exchange Non-Pro Fees/month Pro Fees/month
US Securities and Futures Value Bundle 1, 2, 3, 4 USD 10.00
Waived for Activity 4
N/A
US Securities Lite Value Bundle 1, 6 N/A USD 10.00
Waived for Activity 6
US Securities and Futures Value PLUS Bundle 5 USD 5.00 N/A
Bond Ratings (Corporates and Municipals) 12 USD 1.00 USD 1.00
CBOE Market Data Express Indices USD 2.25 USD 2.25
CBOT Real-Time Depth of Book (L2) 3 USD 6.0010 USD 90.0010
CFE Enhanced Top of Book (L1) USD 2.50 USD 7.50
CFE Enhanced with Depth of Book (L2) USD 4.00 USD 15.00
CME Real-Time Depth of Book (L2) 3 USD 6.0010 USD 90.0010
CME S&P Indexes USD 4.25 USD 4.25
COMEX Real-Time Depth of Book (L2) 3 USD 6.0010 USD 90.0010
Dow Jones Global Indices USD 1.00 USD 2.00
ICE Futures U.S. (NYBOT) 11 USD 120.75 USD 120.75
ISE Options Depth of Book (L2) USD 10.00 USD 60.00
NASDAQ BX TotalView USD 2.00 USD 43.00
NASDAQ Global Index Data Service USD 2.50 21 USD 11.00 21
NASDAQ Options Market Depth of Book (L2) USD 10.00 USD 60.00
NASDAQ TotalView-OpenView Bundled 13 USD 15.00 USD 86.50
NASDAQ TotalView-OpenView EDS 22 USD 1.00 USD 10.00
NYSE (Network A/CTA) Top of Book (L1) USD 1.50 USD 45.00
AMEX (Network B/CTA) Top of Book (L1) USD 1.50 USD 23.007
NASDAQ (Network C/UTP) Top of Book (L1) USD 1.50 USD 23.00
Global OTC Equities(L2) N/A 23 Fee Waived
NYMEX Real-Time Depth of Book (L2) 10 USD 6.0010 USD 90.0010
NYSE AMEX Options Depth of Book (L2) USD 10.00 USD 60.00
NYSE Arca Options Depth of Book (L2) USD 10.00 USD 60.00
NYSE ArcaBook Depth of Book (L2) USD 11.00 USD 40.008
NYSE Global Index Feed USD 1.00 USD 11.00
NYSE MKT Order Imbalances Fee Waived Fee Waived
NYSE OpenBook Depth of Book (L2) USD 25.00 USD 60.00
NYSE Order Imbalances Fee Waived Fee Waived
OCX Data (OneChicago SSF) 14 USD 1.00 USD 1.00
OPRA Top of Book (L1) (US Option Exchanges) 15 USD 1.5016 USD 30.00
(includes all exchanges)
OTC Markets Top of Book (L1) USD 3.00 USD 30.00
OTC Markets Depth of Book (L2) USD 16.00 USD 80.00
RussellTick Indices Real-Time USD 2.00 USD 15.00
TRACE (BTDS) Corporate Bond Data N/A USD 65.00
US Mutual Funds Fee Waived21 Fee Waived21
US Bond Real-Time Data 12 Fee Waived Fee Waived

Canada

Region/Exchange Non-Pro Fees/month Pro Fees/month
Canadian Exchange Group (TSX/TSXV) Top of Book (L1) (Non-Canadian Residents Only) USD 20.00 USD 73.00
Toronto Stock Exchange Top of Book (L1) (Canadian Residents Only) CAD 9.00 CAD 34.50
Toronto Market by Price Depth of Book (L2) 18 USD 14.0020 USD 30.0020
TSX Venture Exchange Top of Book (L1) (Canadian Residents Only) CAD 9.00 CAD 27.00
TSX Venture Market by Price Depth of Book (L2) 19 USD 16.0020 USD 16.0020
Montreal Exchange Top of Book (L1) (CDE) USD 6.0020 USD 40.5020
Montreal Exchange Depth of Book (L2) (CDE) USD 9.0020 USD 51.5020

Mexico

Region/Exchange Non-Pro Fees/month Pro Fees/month
Mexican Derivatives Exchange Top of Book (L1) USD 5.00 USD 15.00
Mexican Stock Exchange Top of Book (L1) USD 13.00 USD 32.00


Sample Market Data Subscriptions

The sample market data subscriptions in the following table below can help you choose the right subscriptions for your trading needs.

Market Data Desired Non-Professional
subscription(s) needed
Professional
subscription(s) needed
AMEX-listed stock (ex: ANX), top-of-order book (NBBO)** only AMEX (Network B/CTA) or US Securities and Futures Value Bundle AMEX (Network B/CTA) or US Securities Lite Value Bundle
AMEX-listed stock (ex: ANX), full market depth AMEX (Network B/CTA)

NASDAQ TotalView-OpenView Bundled

NYSE ArcaBook Depth of Book (L2)

US Securities and Futures Value Bundle
NASDAQ TotalView-OpenView Bundled

NYSE ArcaBook Depth of Book (L2)

AMEX (Network B/CTA)
NASDAQ-listed stock (ex: MSFT), top-of-order book (NBBO)** only NASDAQ (Network C/UTP) or US Securities and Futures Value Bundle NASDAQ (Network C/UTP) or US Securities Lite Value Bundle
NASDAQ-listed stock (ex: MSFT), full market depth NASDAQ (Network C/UTP)

NASDAQ TotalView-OpenView Bundled

NYSE ArcaBook Depth of Book (L2)

US Securities and Futures Value Bundle
NASDAQ (Network C/UTP)

NASDAQ TotalView-OpenView Bundled

NYSE ArcaBook Depth of Book (L2)

US Securities Lite Value Bundle
NYSE (ex: IBM), top-of-order book (NBBO)** only NYSE (Network A/CTA) or US Securities and Futures Value Bundle NYSE (Network A/CTA) or US Securities Lite Value Bundle
NYSE (ex: IBM), full market depth NYSE (Network A/CTA)

NYSE OpenBook Depth of Book (L2)

NASDAQ TotalView-OpenView Bundled

NYSE ArcaBook Depth of Book (L2)

US Securities and Futures Value Bundle
NYSE (Network A/CTA)

NYSE OpenBook Depth of Book (L2)

NASDAQ TotalView-OpenView Bundled

NYSE ArcaBook Depth of Book (L2)
NYSE Arca or ArcaEdge (OTCBB) only, full market depth NYSE ArcaBook Depth of Book (L2)

US Securities and Futures Value Bundle
NYSE ArcaBook Depth of Book (L2)

US Securities Lite Value


Notes:

  1. This is an alternative NBBO, which will deliver aggregated quote, trade, volume, and top of book information for all four US equity exchange books operated by BATS (BATS, BYX, EDGX, EDGA). Also includes top of book quotes for as well as OTC Markets, Dow Jones Indices, CBOE Market Data Express Indices, and US Bond Quotes.
  2. Includes top of book quotes for CBOT, CME, COMEX, and NYMEX
  3. Access to US Futures data requires clients to have US Futures Trading Permissions.
  4. For each subscriber the account must generate at least USD 30 in commissions per month to have the monthly fee waived for all users.
  5. Requires a subscription to the US Securities and Futures Value Bundle. Includes depth of book quotes for CBOT, CME, COMEX, and NYMEX as well as depth on BATS.
  6. For each subscriber the account must generate at least USD 30 in commissions per month to have the monthly fee waived for all users.
  7. Subscribing to AMEX (Network B/CTA) will allow a client to SMART route AMEX and ARCA listed stocks.
  8. Subscribing to NYSE ArcaBook Depth of Book (L2) will allow a client to see ARCA Depth of book quotes and will only allow a client to see top of book bid/ask if they Direct Route their quote to ARCA. For a last quote, the client will need a subscription to AMEX (Network B/CTA).
  9. Floor-based data generally only includes last sale, as there are rarely bid-ask quotes.
  10. Top of Book data is included in the Depth of Book subscription.
  11. Includes options and Liffe precious metals futures and futures options.
  12. Includes US corporate bonds and US-Treasuries.
  13. Must subscribe to NASDAQ (Network C/UTP) data.
  14. USD 10.00/month for IBIS Stand-Alone Clients.
  15. Includes all options exchanges
  16. For each subscriber the account must generate at least USD 20 in commissions per month to have the monthly fee waived for all users.
  17. Must have appropriate CDE trading permission
  18. Requires a subscription to the Toronto Stock Exchange Top of Book or Canadian Stock Bundle.
  19. Requires a subscription to the Venture Exchange Top of Book Non-Professional, Canadian Stock Bundle Top of Book Non-Professional or Toronto Stock Exchange Top of Book Professional.
  20. Service is denominated in CAD for Canadian Accounts.
  21. These services can trigger Hosted Solutions fees. For more information, please go to http://ibkb.interactivebrokers.com/article/1852.
  22. Must subscribe to the standard NASDAQ TotalView-OpenView Bundled data.
  23. Global OTC Equties (L2) data for Non-Professionals is included in the US Value Bundle.

EuroNext (Belgium, France, Netherlands, Portugal)

Region/Exchange Non-Pro Fees/month Pro Fees/month
Euronext All Indices Real-Time Data Included in Euronext Data Bundle Top of Book (L1) and Depth of Book (L2) EUR 15.75
Euronext Cash Top of Book (L1) Available as Euronext Data Bundle – Top of Book (L1) (Stock Depth of Book (L2) – Equity Derivatives Top of Book (L1) ) EUR 66.25
Euronext Cash Depth of Book (L2) Available as Euronext Data Bundle – Top of Book (L1) (Stock Depth of Book (L2) – Equity Derivatives Depth of Book (L2) EUR 98.75
Euronext Commodity Derivatives Depth of Book (L2) EUR 17.00 EUR 17.00
Euronext Currency Derivatives Depth of Book (L2) EUR 3.00 EUR 3.00
Euronext Data Bundle - Level I (Stocks Depth of Book (L2) - Equity Derivatives Top of Book (L1) ) EUR 2.00 N/A
Euronext Data Bundle - Level II (Stocks Depth of Book (L2) - Equity and Index Derivatives Depth of Book (L2) ) EUR 39.00 Available as Euronext Cash Market Depth of Book (L2) plus Euronext Equity and Index Derivatives Depth of Book (L2)
Euronext Equity and Index Derivatives - Depth of Book (L2) EUR 37.00 EUR 37.00

Austria

Region/Exchange Non-Pro Fees/month Pro Fees/month
Vienna Stock Exchange Indices Available as Vienna Stock Exchange Level 1 + Indices EUR 8.50
Vienna Stock Exchange Cash Market Top of Book (L1) Available as Vienna Stock Exchange Level 1 + Indices EUR 33.00
Vienna Stock Exchange Cash Market - Depth of Book (L2) Available as Vienna Stock Exchange Level 2 + Indices EUR 44.00
Vienna Stock Exchange - Top of Book (L1) + Indices EUR 3.50 Available as Vienna Stock Exchange Level 1 plus Vienna Stock Exchange Indices
Vienna Stock Exchange - Depth of Book (L2) + Indices EUR 6.00 Available as Vienna Stock Exchange Level 2 plus Vienna Stock Exchange Indices

Czech Republic

Region/Exchange Non-Pro Fees/month Pro Fees/month
Prague Stock Exchange Cash Market Top of Book (L1) EUR 3.50 EUR 14.00
Prague Stock Exchange Cash Market Depth of Book (L2) EUR 9.50 EUR 24.50

Germany

Region/Exchange Non-Pro Fees/month Pro Fees/month
Deutsche Boerse Indices & Xetra ETFs EUR 1.25 EUR 6.50
Eurex Top of Book (L1) Real-Time Information 3 EUR 8.75 EUR 40.50
Eurex Depth of Book (L2) Real Time Information 4 EUR 13.00 EUR 54.50
Spot Market Germany (Frankfurt/Xetra) Top of Book (L1) EUR 16.25 EUR 60.00
Spot Market Germany (Frankfurt/Xetra) Depth of Book (L2) (1) EUR 21.75 EUR 75.75
STOXX© Index Data Real-Time EUR 8.00 EUR 9.00
Stuttgart Boerse incl. Euwax (SWB) EUR 4.50 EUR 6.00
Xetra European Stars Top of Book (L1) 3 EUR 2.50 EUR 8.75
Xetra European Stars Depth of Book (L2) 4 EUR 3.50 EUR 8.75
Xetra US Stars Top of Book (L1) 3 EUR 5.00 EUR 8.75
Xetra US Stars Depth of Book (L2) 4 EUR 6.50 EUR 13.00

Italy

Region/Exchange Non-Pro Fees/month Pro Fees/month
Borsa Italiana (BVME stock / IDEM deriv) Top of Book (L1) EUR 3.00 EUR 15.00
Borsa Italiana (BVME stock / IDEM deriv) Depth of Book (L2) EUR 17.00 EUR 46.50

Nordic (Denmark, Finland, Norway, Sweden)

Region/Exchange Non-Pro Fees/month Pro Fees/month
Nordic Derivatives Top of Book (L1) 6 EUR 3.00 Top of Book (L1) Data not Available to Professional Subscribers
Nordic Derivatives Depth of Book (L2) 6 EUR 5.00 EUR 33.50
Nordic Equity Top of Book (L1) 6 EUR 1.00 EUR 34.75
Nordic Equity Depth of Book (L2) 6 EUR 5.00 EUR 65.00
Oslo Bors Top of Book (L1) NOK 11 N/A
Oslo Bors Depth of Book (L2) NOK 110 NOK 350
Turquoise Derivatives (Nordic) NOK 5.00 NOK 5.00

Other European Exchanges

Region/Exchange Non-Pro Fees/month Pro Fees/month
European (BATS/Chi-X) Equities Depth of Book (L2) 2, 6 Fee Waived USD 10.00
Turquoise ECNs Level 1 GBP 6.00 GBP 7.25
Turquoise ECNs Level 2 GBP 12.00 GBP 14.00

Spain

Region/Exchange Non-Pro Fees/month Pro Fees/month
Bolsa de Madrid Top of Book Plus (L1) EUR 5.25 EUR 28.25
Bolsa de Madrid Depth of Book (L2) EUR 15.50 EUR 53.50
IBEX and LATIBEX Indices EUR 5.50 EUR 5.50
BME (MEFF) Top of Book (L1) EUR 2.25 EUR 12.00
BME (MEFF) Depth of Book (L2) EUR 4.50 EUR 18.00

Switzerland

Region/Exchange Non-Pro Fees/month Pro Fees/month
SIX Structured Basic Access CHF 6.50 CHF 15.25
SIX Structured Advanced Access CHF 8.75 CHF 22.00
SIX Swiss Exchange Top of Book (L1) CHF 10.00 CHF 25.00
SIX Swiss Exchange Depth of Book (L2) CHF 58.75 CHF 58.75

United Kingdom

Region/Exchange Non-Pro Fees/month Pro Fees/month
ICE Futures E.U. - Commodities (IPE) 5 USD 120.75 USD 120.75
ICE Futures E.U. – Financials (LIFFE) 5 USD 120.75 USD 120.75
LSE International Top of Book (L1) GBP 4.25 GBP 27.00
LSE UK Top of Book (L1) GBP 5.00 GBP 50.00


Notes:

  1. FWB floor data is provided at Level I only.
  2. Includes Chi-X, NURO.
  3. Level I does not provide any market depth (just bid /ask).
  4. Level II only shows a market depth of 5.
  5. Includes options.
  6. These services can trigger Hosted Solutions fees. For more information please go to http://ibkb.interactivebrokers.com/article/1852

Australia

Region/Exchange Non-Pro Fees/month Pro Fees/month
ASX Total Depth of Book (L2) AUD 25.00 AUD 80.00
Chi-X Australia 2 AUD 7.50 AUD 15.00
ASX24 Commodities and Futures Depth of Book (L2) AUD 80.00 AUD 80.00

China

Region/Exchange Non-Pro Fees/month Pro Fees/month
Shanghai Stock Exchange 5 Second Snapshot (via HKEx) 3, 8 USD 1.00 USD 1.00
Shanghai Stock Exchange Top of Book (L1) (non-Mainland China residents) 4, 6 USD 24.00 USD 30.00
Shanghai Stock Exchange Depth of Book (L2) (non-Mainland China residents) 5, 6 USD 35.00 USD 35.00
Shanghai Stock Exchange Levels 1 & 2 (Mainland China residents) 5, 7 USD 5.00 USD 5.00
Shenzhen Stock Exchange 3 Second Snapshot (via HKEx) 3, 8 USD 1.00 USD 1.00
Shenzhen Stock Exchange Top of Book (L1) (non-Mainland China residents) 4, 6 USD 16.50 USD 16.50
Shenzhen Stock Exchange (Mainland China residents) 5, 7 USD 5.50 USD 5.50

Hong Kong

Region/Exchange Non-Pro Fees/month Pro Fees/month
Hang Seng Indexes HKD 15.00 HKD 15.00
Hong Kong Derivatives (Fut & Opt) Top of Book (L1) HKD 25.00 HKD 25.00
Hong Kong Derivatives (Fut) Depth of Book (L2) HKD 100.00 HKD 100.00
Hong Kong Securities Exchange (Stocks, Warrants & Bonds) Top of Book (L1) HKD 130.00 HKD 130.00
Hong Kong Securities Exchange (Stocks, Warrants & Bonds) Depth of Book (L2) HKD 225.00 HKD 225.00

India

Region/Exchange Non-Pro Fees/month Pro Fees/month
National Stock Exchange of India, Capital Market Segment, Top of Book (L1) USD 9.50 USD 9.50
National Stock Exchange of India, Capital Market Segment, Depth of Book (L2) USD 13.50 USD 13.50
National Stock Exchange of India, Futures and Options Segment, Top of Book (L1) USD 14.50 USD 14.50
National Stock Exchange of India, Futures and Options Segment, Depth of Book (L2) USD 20.50 USD 20.50

Japan

Region/Exchange Non-Pro Fees/month Pro Fees/month
Chi-X JPY 100.00 JPY 100.00
Osaka Securities Exchange Top of Book (L1) 1 JPY 200.00 JPY 1500.00
Osaka Securities Exchange Depth of Book (L2) 1 JPY 400.00 JPY 2200.00
Tokyo Stock Exchange Top of Book (L1) JPY 300.00 JPY 3000.00

Singapore

Region/Exchange Non-Pro Fees/month Pro Fees/month
Singapore Exchange (SGX) – Derivatives Top of Book (L1) SGD 1.25 SGD 1.25
Singapore Exchange (SGX) – Stocks Top of Book (L1) SGD 11.00 SGD 11.00

South Korea

Region/Exchange Non-Pro Fees/month Pro Fees/month
Korea Stock Exchange Depth of Book L2 Fee Waived Fee Waived


Notes:

  1. Includes Derivatives and Indices.
  2. Chi-X Australia is required to see the true NBBO for ASX listed stocks.
  3. 5 second snapshot data for bid/ask and last.
  4. Real-time last with 3 second bid/ask snapshot data.
  5. Real-time last with 3 second bid/ask snapshot data and market depth.
  6. For clients who have accounts registered outside of Mainland China.
  7. For clients who have accounts registered inside Mainland China.
  8. For each subscriber the account must generate at least USD 5 in commissions per month to have the monthly fee waived for all users.

We would like to remind you that although trading of derivatives on margin may offer many benefits, it is important to note that it also carries a high level of risk. Please click here to read our full ‘Risk Disclosure’ and ‘Risk Disclosures for Financial Instruments & Investment Services’.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.
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The CIF license of PFX Financial Professionals Ltd has been suspended by the Cyprus Securities and Exchange Commission until the 24th of December 2016. Please click here
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