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Research, News and Market Data Fees


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Please note that you are NOT required to subscribe to market data subscriptions to use our trading platforms to purchase stocks and options.1 

 

 

Comprehensive research, news and market data for traders, investors and institutions

 
Research, news and market data

 

Get real-time access to comprehensive fundamentals research, news and market data subscriptions, including:

 
  • Choose the data that is right for you: a la carte, bundled or use your own
  • Real-time global market data on specific exchanges
  • Reuters, Dow Jones, flyonthewall.com, Briefing.com and other news feeds.
  • Quote booster packs that increase the number of simultaneous Level I quotes
  • Reuters StreetEvents Calendars and Worldwide Fundamentals.
  • Market Data Fees may be waived with activity

 

 

Under certain circumstances you will be charged additional fees (by our clearing firm or the exchanges). Place Trade passes these fees on to our clients without any additional markup.  When considering fees please consider the overall low cost of trading, ultra low margin rates, access to experienced financial consultants and great customer service that you enjoy at Place Trade.  We believe that we offer the lowest overall trading cost of any full service broker.  

 

 

Important Information to Review:

 

 

     
 

Place Trade provides free delayed market data, as available by the exchange, for any product listed on an exchange to which you do not subscribe. Delayed market data is managed in Trader Workstation (TWS), and ticker lines that use delayed data are highlighted in yellow for emphasis. For details on managing delayed market data, see the TWS Users' Guide.

 

Please Note that a Free Trial to IBIS is available:

IBIS is available to Place Trade's Brokerage clients.  This comprehensive market data, news and information package is a customizable TWS add-on that serves as a portal to many of our news and fundamentals subscriptions. It is not required to be purchased however it is available should you choose to subscribe.  Please see the Information tab above for details about the IBIS free trial.

 
 

 

 

 

     
 

To manage your subscriptions, log in to Account Management and select Trading Access then Information and Market Data Subscriptions. Select your information subscriptions and then click Continue to subscribe to market data.

 

Many exchanges classify customers as non-professional or professional. Exchange rules require that trusts and organizations (e.g. corporations, partnerships, LLCs and unincorporated businesses) must be classified as professional. NYSE and Amex Professional Market Data require prior approval from the exchange

 

Fees may be based on exchange or provider assessments, and are applied on a per-user basis. Market data subscriptions provide data only; to trade you must specify Trading Permissions and complete the proper regulatory disclosures.

 

 

 

 

 

 

There is no requirement to subscribe to market data in order to trade or to use our award winning trading platforms!

 

You are free to receive market data from another Place Trade account or data vendor, or to use only delayed market data!

 

 

Additional Notes:
 
    • Market data fees for each month will be charged to your account during the first week of the subsequent month.
       
    • Customers without enough cash to pay market data fees will have positions liquidated to cover the fees. Those customers without enough equity to pay market data fees will have their remaining equity applied to the market data fees, and then the account will be closed.
       
    • Partial month subscriptions will be charged at the full month's rate.
       
    • There is no cap on the quantity of market data lines allocated per customer.
       
    • Market data for Advisors and Brokers is calculated based on aggregate commissions and equity for all accounts, and all accounts receive the same number of market data lines.
       
    • Advisors and Brokers without any funds in their master account to cover their market data fees will have their market data turned off until there are funds in the master account to cover market data fees.
 
  • Trading accounts with less than USD 500 (or non-USD equivalent) in equity will have their market data turned off. In the event market data is turned off, the account equity must be increased to USD 2,000 (or non-USD equivalent) before market data will be re-enabled.
     
  • All customers initially receive 100 concurrent lines of real-time market data (which can be displayed in TWS or via the API) and always have a minimum of 100 lines of data. After the first month of trading, the quantity of market data is allocated using the greater value of:
    1. USD monthly commissions divided by 8
    2. USD equity multiplied by 100 divided by $1,000,000 (rounded down to the nearest integer)
    3. 100

    Example 1:
    In month two, your account shows the following values:
    USD Monthly Commissions: $16
    USD Equity: $950,000

    Using the calculations above, you would still receive the minimum 100 lines of data, since:
    $16/8 = 2
    $950,000 x 100 / $1,000,000 = 95

    Example 2:
    In month three, your account shows the following values:
    USD Monthly Commissions: $500
    USD Equity: $1,245,000

    Using the calculations above, you would receive 124 lines of data, since:
    $500/8 = 62.5
    $1,245,000 x 100 / $1,000,000 = 124.5, rounded down to 124.

The number of symbols that can be viewed simultaneously via the TWS deep book windows (including BookTrader, Market Depth and ISW) is now determined as follows: one unique symbol for every 100 allowed lines of market data, with a minimum of three and a maximum of 30. For example, a customer with the default allowance of 100 tickers will be able to simultaneously view three deep book windows. A customer who, based on commissions, equity or other criteria, is allowed 500 tickers will be able to simultaneously view five deep book windows. Note that this number may change month to month if the number of allowed tickers for your account changes.
 

Please note that you are NOT required to subscribe to market data subscriptions to use our trading platforms to purchase stocks and options.  Free delayed quotes are available and fees may be waived for active traders who choose to subscribe.  We have a ton of awesome choices to meet the needs of every level of trader (including professionals) however you are welcome to choose the service provider of your choice for market data and info.  Place Trade recommends that you always use accurate market data and information before placing trades.

For information regarding fees please call us at 1-919-719-7200.

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