Wednesday, August 29, 2012
Data News #2012 - 15
The BX Options Market Announces Market Data Fees, Effective July 1, 2013
Markets:Contact Information:
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What you need to know:
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What are the BX Top and BX Depth of Market data feeds?
BX Top and BX Depth are market data feeds that provide the following information about BX Options, the new options exchange from NASDAQ OMX that was launched on June 29, 2012:
- BX Top provides the same Best Bid and Offer (BBO) and last sale information that are sent to the Options Price Reporting Authority (OPRA).
- BX Depth provides the full depth of orders and quotes, net order imbalance information for the opening cross and last sale data.
What is the fee schedule for BX Top and BX Depth?
As of Monday, July 1, 2013, BX Top and BX Depth data will be subject to the following distributor and subscriber fee schedule:
Internal Distribution - $1,500 per month
- BX Top Internal Per Subscriber Fees
- $5 professional
- BX Depth Internal Per Subscriber Fees
- $10 professional
- Non-Display Enterprise License
- $2,500 per month
External Distribution - $2,000 per month
- BX Top External Per Subscriber Fees
- $5 professional
- $1 non-professional
- BX Depth External Per Subscriber Fees
- $10 professional
- $1 non-professional
Please note that one distributor fee will allow a subscriber access to both BX Top and BX Depth.
Where can I find the BX Options market data technical interface specifications?
Specification documents are available on the NASDAQ OMX Global Data Products - U.S. Derivative Data Feed Specifications page on the NASDAQ OMX Trader® website. For your convenience, the links are also provided below:
- BX Options Top of Market (BX Top) Technical Specifications
- BX Options Depth of Market (BX Depth) Technical Specifications
- BX Options GLIMPSE Technical Specifications
BX Top and BX Depth specifications are exactly the same as the NOM BONO and ITTO specifications.
What do firms need to do to connect to the BX Options data feeds?
If your firm is not currently subscribed to the BX Options data feed, you need to complete the following agreements:
- Data Feed Request Form - Required for all firms
- NASDAQ OMX Global Data Agreement - Required for all firms prior to initiation of the first NASDAQ OMX data service only
- System Application - Required for firms only if the data will be displayed or used in a system that is not yet approved by NASDAQ OMX
If you need help with the application process, please contact your NASDAQ OMX Account Manager.
Where can I find additional information?
- Refer to the BX Options page on the NASDAQ OMX Trader website.
- Contact NASDAQ OMX Global Data Products at + 1 301 978 5307
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