Real Time Market Data

To acquire OSE and TOCOM market data, an “Information Provision Agreement” with OSE may be required. For whether it is necessary to enter into an Agreement with OSE and for fee categories, etc., please see the flow chart below.

Flow chart(Necessity of Agreement, fee categories, etc.) icon-pdf

Information Provision Agreement

Contractual Procedures

To enter into an “Information Provision Agreement” with OSE, the following procedures are required. (Redistribution of data acquired from OSE to any third party is prohibited without prior permission from OSE.)

Process Average Time Taken
(1) Confirmation of Data Usage, Fees, etc.   
Please see “Policies Regarding Usage of Market Information”
icon-pdf Approx. one month
(2) Execution of “Information Provision Agreement”
An exchange of signatures is required.
The following documents need to be submitted for execution of the agreement:
・Most recent annual profit & loss (income statement) and balance sheet
・Certificate of Incorporation/Business License or equivalent such as LEI Code*
*An LEI (Legal Entity Identifier) can be used as a substitute to this document.
  About LEI: https://www.lei.jpx.co.jp/lei/about.html
  LEI Search: Global Legal Entity Identifier Foundation “LEI Search 2.0 Beta”
                 https://search.gleif.org/#/search/
・ A diagram of computer system network, which simply but clearly shows the flow of OSE market data from your vendor(s) to you (and from you to a third party if externally redistributed)
icon-pdf
(3) Registering information on MICS (online registration).
OSE will provide instructions when the Agreement is executed.
-

(note)
  • ・For direct connections to the Market Information System, other procedures will be required, such as applying for a Market Data User ID, applying for and setting up a connection to the network, and applying for a TMI connection ID.
    It takes approximately one month to receive a Market Data User ID, two months to connect to the network (four to six months for a 10G network), and one month to receive a TMI connection ID.

For Commodity Futures/Options Market Data Users

Precious Metals Market, Rubber and Agricultural Products listed on TOCOM markets are scheduled to be transferred to OSE markets on the Product Transfer Date (July 27, 2020). From this date, data regarding these products will be provided through OSE’s market data services. Also from this date, please note that market data regarding commodity futures/options which continue to be listed on TOCOM markets (Energy and Chukyo Oil) will be changed as follows:


・TOCOM has concluded an outsourcing agreement with OSE for market data regarding commodity futures/options listed on TOCOM markets (Energy and Chukyo Oil). As a result, on and after the Product Transfer Date, market data regarding commodity futures/options listed on TOCOM markets (Energy and Chukyo Oil) will be provided according to OSE’s “Information Provision Agreement”.

・Under OSE’s market data services, entities other than market information providers such as Transaction Participants, Commodity Futures Business Operators, and Prop Houses, etc. may be required to enter into an “Information Provision Agreement” with OSE.

・Transitional measures and/or promotional rates may be applied for users who were using market data regarding commodity futures/options listed on TOCOM markets as of the business day preceding the Product Transfer Date. For details, please refer to the following.

Flow Chart (Transitional measures and promotional rates for users of TOCOM market data before the product transfer date)
icon-pdf
Promotional Program on Market Data Fees (for commodity futures/options listed on OSE)
icon-pdf
Promotional Program on Market Data Fees (for commodity futures listed on TOCOM)
icon-pdf

<Important information>
(1) Delayed Information
The OSE definition of “Delayed Information” is different from that of TOCOM’s, which applies until the Product Transfer Date.

  Delay of 5 minutes or more from distribution
Delay of 20 minutes or more from distribution
(On and after Product Transfer Date)
Definition at OSE
Real-Time Information
Delayed Information
(Before Product Transfer Date)
Definition at TOCOM
Delayed Information
Delayed Information

・On and after the Product Transfer Date, information delayed by 20 minutes or more will be treated as “Delayed Information”. As OSE does not have a category for information delayed by 5 minutes or more, this will be treated as “Real-Time Information”.

・For Indirect Users who are using information delayed by 5 minutes or more on TOCOM-listed commodity futures/options as of the business day preceding the Product Transfer Date, if the user is eligible for Transitional Measures, the Basic Fee during the Transition Period will be waived. However, after the Transition Period, the Basic Fee for Real-Time Information will be applied.


(2) Terminal Fees and Reporting
Regarding Terminal Fees for Commodity Futures/Options, if a user distributes Real-Time Information in the manner of Subscription-Based Terminal Service, etc., “1. Terminal Fees for Institutional Usage” and “2. Terminal Fees for Personal Usage” in “II Fees for external distribution of Information (Same for all subscribers)” of “9. Fee Structure” of OSE’s “Policies Regarding Usage of Market Information” will be applied.

If a user displays Real-Time Information of both OSE and TOCOM-listed commodity futures/options on one terminal, they should report the number of terminals as “1”, and OSE will charge the terminal fee for that number (1).

If a user who provides Information to customers through a Subscription-Based Terminal Service, etc. wishes to continue to provide Information on only TOCOM and/or OSE listed commodity futures/options on and after the Product Transfer Date, the terminal fees shall be waived for one year as part of the Transitional Measures.

Enquiries for license

Osaka Exchange Inc.,  Information Services
TEL:+81-50-3377-8650
E-mail:md@jpx.co.jp

Enquiries for User IDs, Network connection, TMI connection, etc.

JPX Service Desk
TEL:Navi Dial (NTT‘s Japan-wide call handling service): +81-570-064-054 IP phone/PHS: +81-50-3819-1070
E-mail:servicedesk@jpx.co.jp