Real Time Market Data
The fee for market data varies depending on the type of data and how it is used.
Please see Policies Regarding Usage of Market Information (9. Rate Tables).
| Policies Regarding Usage of Market Information |
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Fee estimate examples:
(The following are examples for reference only. The actual fee amount will vary depending on how the data is used, so for a more accurate estimate, please contact TSE.)
| Usage | License Fee | Usage Fee (External Distribution Basic Fee) | Real-Time Terminal Fee charged directly by TSE (Volume Charge) | Total |
|---|---|---|---|---|
| Receiving Full Order Information directly from TSE or through market information providers and redistributing to third parties | JPY 1,530,000 | JPY 1,450,000 | Yes | JPY 2,980,000 + Volume Charge |
| Receiving Real-Time Last Sales Prices only from a market information provider and redistributing to third parties | JPY 570,000 | JPY 570,000 | Yes | JPY 1,140,000 + Volume Charge |
| Receiving 15 minute-Delayed Last Sales Information from a market information provider and redistributing to third parties | JPY 190,000 | JPY 190,000 | No | JPY 380,000 |
| Receiving Closing Information (EOD) from a market information provider and redistributing to third parties | JPY 140,000 | JPY 140,000 | No | JPY 280,000 |
| Receiving Real-Time Information from a market information provider for internal use only (An end user license may be required under certain conditions) | None (JPY 150,000 or JPY 200,000 only when receiving Full Order Information) |
None | No | None (JPY 150,000 or JPY 200,000 only when receiving Full Order Information) |
- The usage fees above are based on subscription based services. For other usages, other fees may apply.
- When receiving the data directly from TSE, other fees including dedicated connection line fees, system infrastructure fees and connectivity services fees will apply separately.
- For connectivity services fees, please refer to Connectivity Services
Promotional Rates for Cash Equity Market Information Fees
TSE is offering a special program which enables use of certain types of information (Last Sales Prices only and Best Quotes After Opening Price) for a set period of time at promotional rates to encourage both domestic and overseas entities to distribute its Real-Time Information.
For New Promotional Program Users which complete the necessary procedures between August 1, 2024 and December 31, 2025, the promotional rates will apply for, extended 2 years, total in 4 years.
Comparison between Regular Rates and Promotional Rates
| Regular Rates | Promotional Rates (First and Second Years) |
Promotional Rates (Third Year) |
Promotional Rates (Fourth Year) |
|
|---|---|---|---|---|
| Best Quotes After Opening Price | JPY 2,250,000 + Real-Time Terminal Fee |
JPY 380,000 | JPY 750,000 + Real-Time Terminal Fee |
JPY 1,120,000 + Real-Time Terminal Fee |
| Last Sales Prices only | JPY 1,140,000 + Real-Time Terminal Fee |
JPY 380,000 | JPY 470,000 + Real-Time Terminal Fee |
JPY 570,000 + Real-Time Terminal Fee |
- ･The above Fees are the total of the License Fee and External Distribution Basic Fee.
Other fee items will be charged in accordance with Policies Regarding Usage of Market Information (9. Rate Table).
For details, please refer to the document below.
| Promotional Rates for Cash Equity Market Information Fees |
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Enquiries:
JPX Market Innovation & Research, Inc., Client Services (Contractor)
TEL:+81-50-3377-7859
E-mail:mains@jpx.co.jp