Information and Market Data Fees

Overview

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

  • Interactive Brokers Information System (IBIS)
  • Reuters, Dow Jones, flyonthewall.com and other news feeds.
  • Reuters StreetEvents Calendars and Worldwide Fundamentals.
  • Real-time global market data on specific exchanges, sorted by region.

IBIS is a customizable TWS add-on that serves as a portal to many of our news and fundamentals subscriptions. See the Information tab above for details about the IBIS free trial.

Interactive Brokers 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.

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. Click here for more information.

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, and customers are free to receive market data from another IB account or data vendor, or to use only delayed market data.

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.

http://www.interactivebrokers.com/en/p.php?f=marketData&p=overview

For more information about the IBIS add-on for TWS, see the IBIS information center.




http://www.interactivebrokers.com/en/p.php?f=marketData&p=info








http://www.interactivebrokers.com/en/p.php?f=marketData&p=mdata

Quote Booster Packs

Increase your allowance of simultaneous quotes windows by purchasing monthly Quote Booster packs.

  • Each booster pack provides 100 simultaneous Level I quotes. Booster Pack quotes are in addition to your monthly quote allotment from all sources, including commissions and the 150 quote boost from the IBIS add-on.
  • Booster pack quotes are available for use in the desktop systems and in the API.
  • Once subscribed, quotes are available immediately and will display the next time you log into the system.
  • Data from a cancelled booster pack subscription remains available through the end of the current billing cycle.
  • Limit of 10 Quote Booster packs per account.

To subscribe to Quote Booster packs, log into Account Management and access the Information and Market Data area. You may also be eligible for additional deep books. To understand how we calculate deep book and market data allocations, please see the Notes below.

 

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.

http://www.interactivebrokers.com/en/p.php?f=marketData&p=qbooster