Futures Exchange Agreements
All clients have access to delayed market data on futures exchanges on which they are enabled to trade. To receive real-time market data for Futures or Contract Options trading, you will have to subscribe to the individual exchange. An Online Subscription Tool is available in the 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?
- 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 the depth of the prices and the amounts available at each price point.
When you subscribe to live prices from a derivative exchange, if the exchange offer both Futures contracts and Contract Options, live prices on both are included in the subscription.
By default, clients have access to delayed market data on the equities and futures exchanges on which they are enabled to trade.
To receive real-time market data for stock or futures trading, clients will have to subscribe to the individual exchanges. Clients will incur monthly subscription fees for the data they elect to receive in real time.
An Online Subscription Tool is available on the trading platform. In the tool, clients will find a list of available exchanges and the applicable exchange fees.
Clients will be able to subscribe and unsubscribe to services of their choice. The exchange subscription agreements can ONLY be submitted via the Subscription Tool.
|Exchanges - Futures||Level 1||Level 2|
|Borsa Italiana/Milan Stock Exchange (Stocks and Futures)||7.00 EUR||17.00 EUR||10.00 EUR||55.00 EUR|
|CBOE Indices||7.00 USD||7.00 USD||Only level 1||Only level 1|
|CFE Futures Exchange||7.00 USD||12.00 USD||Only level 1||Only level 1|
|EUREX||7.00 EUR||Only level 2||13.00 EUR||62.00 EUR|
|Euronext Commodities Derivatives||Only level 2||Only level 2||16.00 EUR||16.00 EUR|
|Euronext Equity & Index Derivatives||7.00 EUR||Only level 2||41.00 EUR||41.00 EUR|
|GLOBEX (CME, COMEX, CBOT and NYMEX)||7.00 USD||504.00 USD||18.00 USD||504.00 USD|
|CME||7.00 USD||126.00 USD||11.00 USD||126.00 USD|
|CBOT||7.00 USD||126.00 USD||11.00 USD||126.00 USD|
|NYMEX||7.00 USD||126.00 USD||11.00 USD||126.00 USD|
|COMEX||7.00 USD||126.00 USD||11.00 USD||126.00 USD|
|Hong Kong Futures Exchange (HKFE)||56.00 HKD||56.00 HKD||83.00 HKD||83.00 HKD|
|ICE Futures Europe Financials||132.00 USD||132.00 USD||132.00 USD||132.00 USD|
|ICE Futures Europe Commodities||132.00 USD||132.00 USD||132.00 USD||132.00 USD|
|ICE Futures U.S. (NYBOT)||132.00 USD||132.00 USD||132.00 USD||132.00 USD|
|MEFF Spanish Futures||7.00 EUR||17.00 EUR||9.00 EUR||26.00 EUR|
|Montreal Futures Exchanges||7.00 USD||48.00 USD||Only level 1||Only level 1|
|Nasdaq OMX Derivatives Exchange||7.00 EUR||39.00 EUR||10.00 EUR||39.00 EUR|
|OPRA Options||7.00 USD||38.00 USD||Only level 1||Only level 1|
|Osaka Securities Exchange||835.00 JPY||1250.00 JPY||1250.00 JPY||1670.00 JPY|
|Singapore Derivatives Exchange||78.00 SGD||78.00 SGD||108.00 SGD||108.00 SGD|
|Sydney Futures Exchange||Only level 2||Only level 2||24.00 AUD||98.00 AUD|
A Future is categorised as a red product as it is considered an investment product with a high complexity and a high risk.
Saxo Capital Markets is required to categorise investment products offered to retail clients depending on the product’s complexity and risk as: green, yellow or red. Please refer to our "Product Risk Categorisation".