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Monday, November 9, 2026

UTP Vendor Alert #2026 - 33
UTP Level 1 Policy for New Extended Trading Hours

Markets Impacted:

Products Impacted:

Contact Information:

What you need to know:

Effective December 6, 2026, the UTP SIP transmission schedule will support Extended Trading Hours and operate from Sunday at 9:00 p.m. ET through Friday at 8:00 p.m. ET, with a planned daily maintenance window from approximately 8:00 p.m. to 9:00 p.m. ET. In advance of this change, this notice to provides the industry with clarity regarding how the UTP Data Policies apply to overnight trading and the new extended trading hours session.

What is Changing?

The current fee-liable timeframe table contains pre-market, regular market, and post-market sessions. Effective December 6, 2026, the extended trading hours session will be added and is to be included as any other session:

SESSION FEE-LIABLE TIMEFRAME (ET) STATUS
Pre-market session 4:00 a.m. to 9:45 a.m. Existing
Regular market session 9:30 a.m to 4:15 p.m. Existing
Post-market session 4:00 p.m. to 8:15p.m. Existing
Extended Trading hours session 9:00 p.m. to 4:00 a.m. NEW SESSION

What fees apply during the overnight session?

The treatment of the extended trading hours session is consistent with the treatment of the existing pre-market and post-market sessions. The existing UTP Level 1 fee schedule applies to real-time UTP Information accessed, used, displayed, or redistributed during the extended trading hours session in the same manner that it applies during other trading sessions. Fees are not prorated based on the particular trading session in which the information is accessed or used.

How should Vendors report extended trading hours usage?

No new reporting methodology or usage category is being created specifically for overnight trading. As with the pre-market and post-market sessions, Vendors should apply the existing Unit of Count, Controlled Product, Uncontrolled Product, non-display, redistribution, and usage-reporting policies to usage during the extended trading hours session. Reportable usage across all trading sessions, including extended trading hours, should continue to be included in the applicable monthly UTP usage reports using the existing reporting categories.

When will the change take effect?

The extended trading hours session, updated UTP SIP transmission schedule, and corresponding updates to the UTP Data Policies will take effect on December 6, 2026. Beginning on that date, Vendors should treat extended trading hours consistently with the other trading sessions for purposes of applying the UTP Data Policies and reporting applicable usage.

Who should I contact for additional information?