Saxo Bank Announces Market Data Migration and Fee Changes
On April 1st Saxo Bank is altering the monthly subscription for access to real market data for both retail and
Saxo Bank representatives have announced planned changes to real-time and level 2 market data subscriptions for several exchanges. The announcement mainly refers to Deutsche Börse Xetra Stars, ICE Futures Europe, Commodities, Financials, U.S. (NYBOT) and the London Stock Exchange.
As is the case with most exchanges, real time access to Xetra Stars related data requires a separate subscription. In the case of private users, real-time level 1 and real-time level 2 will cost 6EUR and 9EUR respectively. Professional users will have to pay 16.90EUR and 26.00EUR to subscribe to the same service.
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As for the instruments listen on ICE, the monthly fee, is exactly the same in the case of all updated instruments. Real-time market data subscriptions (level 1 and level 2) for ICE Futures Europe Commodities, Financials and NYBOT will cost 110USD per month (for both private and professional users).
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Looking at ETF (exchange traded funds) instruments listed on the London Stock Exchange, Saxo Bank decided to migrate them from LSE_SETS to LSE_ETF. This will not, change existing subscription terms and fees. The market data will still be available under the London Stock Exchange subscription.
The previous change to real-time market data access rules took place on February 1st, 2016. The updates were related to instruments traded on the Euronext Stock Exchange and the Irish Stock Exchange.
As Finance Magnates reported, Saxo Bank’s January trading volumes reached their highest level since the Swiss franc debacle. The first report of 2016 showed a spike of 14.6% to a total of $258 billion.
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