Equity Market Data Subscriptions

At Saxo Bank 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 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 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.

Exchanges - CFDs and StocksLevel 1 - PrivateLevel 1 - ProfessionalLevel 2 - PrivateLevel 2 - Professional

North America & Canada

NASDAQ7.00 USD27.00 USDn/an/a
Nasdaq TotalView and Last Sale (NYSE and Nasdaq)n/an/a20.00 USD123.00 USD
New York Stock Exchange7.00 USD54.00 USDn/an/a
NYSE (AMEX and Arca), Bats7.00 USD28 USDn/an/a
Toronto Stock Exchangen/an/a25.00 USD104 USD
Toronto Stock Exchange (incl. Venture)14.00 USD68 USDn/an/a
Bats U.S.7.00 USD14.00 USDn/an/a

Europe / Middle East / Africa

Athens Exchange7.00 EUR10.00 EUR10.00 EUR13.00 EUR
BME Spanish Stock Exchange7.00 EUR36.00 EUR18.00 EUR64.00 EUR
Borsa Italiana/Milan Stock Exchange (Stocks and Futures)7.00 EUR17.00 EUR10.00 EUR55.00 EUR
Budapest Stock Exchange7.00 EUR13.00 EUR10.00 EUR27.00 EUR
Deutsche Börse (XETRA)7.00 EUR71.00 EUR24.00 EUR87.00 EUR
Deutsche Börse Stock Indices and ETFs (DAX)7.00 EUR10.00 EURn/an/a
Euronext Stock Exchange7.00 EUR82.00 EUR10.00 EUR114.00 EUR
Irish Stock Exchange7.00 EUR13.00 EUR10.00 EUR23.00 EUR
Johannesburg Stock Exchange11.00 USD44.00 USD14.00 USD63.00 USD
London Stock Exchange6.00 GBP52.00 GBP8.00 GBP198.00 GBP
London Stock Exchange (IOB)6.00 GBP29.00 GBPn/an/a
Nasdaq OMX Copenhagen Stockholm Helsinki7.00 EUR39.00 EUR10.00 EUR72.00 EUR
Oslo Børs/Oslo Stock Exchange60.00 NOKn/a120.00 NOK424.00 NOK
Prague Stock Exchange7.00 EUR18.00 EUR10.00 EUR30.00 EUR
Prague Stock Indicesn/a7.00 EURn/an/a
SIX Swiss Exchange7.00 CHF30.00 CHF108.00 CHF108.00 CHF
Warsaw Stock Exchange30 PLN236 PLN209 PLN257 PLN
Wiener Börse/Vienna Stock Exchange7.00 EUR43.00 EUR10.00 EUR55.00 EUR
Wiener Börse/Vienna Stock Indices7.00 EUR12.00 EURn/an/a
Bats Europe All Marketsn/a28.00 GBP17.00 GBP63.00 GBP
Bats Europe BE FR NL PTn/an/a6.00 GBPn/a
Bats Europe CH ES ITn/an/a6.00 GBPn/a
Bats Europe DE ATn/an/a6.00 GBPn/a
Bats Europe DK FI NO SEn/an/a6.00 GBPn/a
Bats Europe UK IEn/an/a6.00 GBPn/a

Asia / Pacific

Australian Securities Exchangen/an/a24.00 AUD98.00 AUD
Hong Kong Stock Exchange (HKEX)144.00 HKD144.00 HKD240.00 HKD240.00 HKD
Stock Connect (HK-Shanghai)n/an/a12.00 USD29.00 USD
Stock Connect (HK-Shenzhen)n/an/a12.00 USD29.00 USD
Singapore Stock Exchange15.00 SGD15.00 SGD72.00 SGD72.00 SGD
Tokyo Stock Exchange (Stocks and Futures)835 JPY2,760 JPYn/an/a

Data fee refund for active equity trading

For clients who trade equities and subscribe to real time market data, Saxo Bank 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.

Updated 1st January 2018


Stocks Risk Warning

Stocks are categorised as yellow or red products depending on the individual instrument.

Danish banks are required to categorise investment products offered to retail clients depending on the product’s complexity and risk as: green, yellow or red. For further information click here