Equity Market Data Subscriptions

At Saxo Capital Markets, all equities trade on actual market data from the stock exchanges. To receive and trade on real-time market data, you will have to subscribe to the individual exchange. 

A subscription to live price data from an exchange gives you access to live prices on Stocks, Single Stock CFDs, ETFs/ETCs and CFDs on ETFs/ETCs from the particular exchange.

An Online Subscription Tool is available on our trading platform. In the tool, you will find a list of available exchanges and news services alongside the applicable monthly fees. You will be able to subscribe and unsubscribe to services of your choice. Further information can be found in the Subscription Tool guide, which is also available on the trading platform. 

Level 1 or Level 2 Data

Level 1 price data refers to the first level of the order book on the exchange. With a Level 1 subscription you can see live, streaming, bid and offer prices.

With a Level 2 price data subscription you can see live, streaming prices as with Level 1 but on top of this you can see the market depth of bid/offer prices and the amounts available at each price point.

North America & Canada

	NASDAQ	7.00 USD	27.00 USD	n/a	n/a
	Nasdaq TotalView and Last Sale (NYSE and Nasdaq)	n/a	n/a	20.00 USD	123.00 USD
	New York Stock Exchange	7.00 USD	54.00 USD	n/a	n/a
	NYSE (AMEX and Arca), Bats	7.00 USD	28 USD	n/a	n/a
	Toronto Stock Exchange	n/a	n/a	25.00 USD	104 USD
	Toronto Stock Exchange (incl. Venture)	14.00 USD	68 USD	n/a	n/a
	Bats U.S.	7.00 USD	14.00 USD	n/a	n/a

Europe / Middle East / Africa

	Athens Exchange	7.00 EUR	10.00 EUR	10.00 EUR	13.00 EUR
	BME Spanish Stock Exchange	7.00 EUR	36.00 EUR	18.00 EUR	64.00 EUR
	Borsa Italiana/Milan Stock Exchange (Stocks and Futures)	7.00 EUR	17.00 EUR	10.00 EUR	55.00 EUR
	Budapest Stock Exchange	7.00 EUR	13.00 EUR	10.00 EUR	27.00 EUR
	Deutsche Börse (XETRA)	7.00 EUR	71.00 EUR	24.00 EUR	87.00 EUR
	Deutsche Börse Stock Indices and ETFs (DAX)	7.00 EUR	10.00 EUR	n/a	n/a
	Euronext Stock Exchange	7.00 EUR	82.00 EUR	10.00 EUR	114.00 EUR
	Irish Stock Exchange	7.00 EUR	13.00 EUR	10.00 EUR	23.00 EUR
	Johannesburg Stock Exchange	11.00 USD	44.00 USD	14.00 USD	63.00 USD
	London Stock Exchange	6.00 GBP	52.00 GBP	8.00 GBP	198.00 GBP
	London Stock Exchange (IOB)	6.00 GBP	29.00 GBP	n/a	n/a
	Nasdaq OMX Copenhagen Stockholm Helsinki	7.00 EUR	39.00 EUR	10.00 EUR	72.00 EUR
	Oslo Børs/Oslo Stock Exchange	60.00 NOK	n/a	120.00 NOK	424.00 NOK
	Prague Stock Exchange	7.00 EUR	18.00 EUR	10.00 EUR	30.00 EUR
	Prague Stock Indices	n/a	7.00 EUR	n/a	n/a
	SIX Swiss Exchange	7.00 CHF	30.00 CHF	108.00 CHF	108.00 CHF
	Warsaw Stock Exchange	30 PLN	236 PLN	209 PLN	257 PLN
	Wiener Börse/Vienna Stock Exchange	7.00 EUR	43.00 EUR	10.00 EUR	55.00 EUR
	Wiener Börse/Vienna Stock Indices	7.00 EUR	12.00 EUR	n/a	n/a
	Bats Europe All Markets	n/a	28.00 GBP	17.00 GBP	63.00 GBP
	Bats Europe BE FR NL PT	n/a	n/a	6.00 GBP	n/a
	Bats Europe CH ES IT	n/a	n/a	6.00 GBP	n/a
	Bats Europe DE AT	n/a	n/a	6.00 GBP	n/a
	Bats Europe DK FI NO SE	n/a	n/a	6.00 GBP	n/a
	Bats Europe UK IE	n/a	n/a	6.00 GBP	n/a

Asia / Pacific

	Australian Securities Exchange	n/a	n/a	24.00 AUD	98.00 AUD
	Hong Kong Stock Exchange (HKEX)	144.00 HKD	144.00 HKD	240.00 HKD	240.00 HKD
	Stock Connect (HK-Shanghai)	n/a	n/a	12.00 USD	29.00 USD
	Stock Connect (HK-Shenzhen)	n/a	n/a	12.00 USD	29.00 USD
	Singapore Stock Exchange	15.00 SGD	15.00 SGD	72.00 SGD	72.00 SGD
	Tokyo Stock Exchange (Stocks and Futures)	835 JPY	2,760 JPY	n/a	n/a

Data Fee Refund For Active Equity Trading

For clients who trade stocks and subscribe to real time market data, Saxo Capital Markets has introduced a refund scheme where fees are refunded per exchange should clients trade a minimum of four (4) times across both stocks, ETFs and/or CFDs during each calendar month. 

For the Australian Securities Exchange the minimum is six (6) trades.

Refunds are only applicable for non-professional clients subscribing to level 1 data, except for the Australian Securities Exchange where the refund applies to level 2 data.

The definition of non-professional and professional subscribers may vary by exchange. Refunds are calculated on a monthly basis but paid out on a quarterly basis.