TT® Platform Monthly Service Fees

USER SERVICE FEES1

Effective January 1, 2023
(new or changed fees are highlighted in blue)
Transaction Service Fees TT Standard TT Pro
Minimum Service Fee/User $75 $75
Minimum Transaction Service Fee/User2 $150 $500
Transaction Cap $1,050 $2,100
Charge Per Contract $0.50 $0.50
Charge for Fixed Income Products A flat $315 charge will be applied towards both the Minimum Transaction Service Fee and the Transaction Cap upon first trade. A flat $315 charge will be applied towards both the Minimum Transaction Service Fee and the Transaction Cap upon first trade.
Charge for Cryptocurrencies3 .5 basis points (bps) of notional value4 .5 basis points (bps) of notional value4

— OR —

Subscription Service Fees TT Standard TT Pro
Subscription $735 $1,575
Minimum Service Fee/User $75 $75

Add-on Service Fees

Add-on Services TT Standard TT Pro
Advanced Options Package Per User Service Fee1 $315 $315
TT OMS — Basic Per User1 $525 $525
TT OMS — Premium Per User1 $1,260 $1,260
TT .NET SDK Per Application Key1

Low Usage Plan6
Medium Usage Plan6
High Usage Plan6
N/A $5006

$30
$55
$220
TT REST API Per Application Key

Low Usage Plan5
Medium Usage Plan5
High Usage Plan5


$55
$110
$275


$55
$110
$275
TT Uncovered Per Application Key10 N/A $2,500

Market Access Provider (MAP) Service Fees

Exchange MAP Class Per User Fee Per Exchange Additional Fee for FIX Order Routing Per Exchange Cap Per Exchange Flat Fee Per Exchange
Standard7 $265 $3,000 $7,350 N/A
Premium7 $265 $3,000 $10,500 N/A
Premium Plus N/A N/A N/A $15,750

Regional Access Service Fees

First region included. $5,250 per additional region.

Service Fees incurred if access to any Exchange in a region (Asia/Pac, EMEA, N. America, S. America)8 is enabled at any time during a month.

FIX Order Routing

Minimum Monthly Fee with Annual Commitment Transaction Rate Included Transactions
None $0.05 None
$5,000 $0.03 166,667
$10,000 $0.02 500,000
$15,000 $0.01 1,500,000
$20,000 $0.005 4,000,000

FIX Order Routing - Cryptocurrency Trading

Transaction Rate
0.25 basis points of notional value9

TT Premium Order Types

Transaction Rate
$0.50 per contract

Bloomberg Symbology

Per Exchange Cap
$750 $3,000

FIX Drop Copy

Session Type Service Fee Per Session
Standard $550
Enhanced Compliance Feed $850

FIX Inbound Drop Copy

FIX IBDC Service Service Fee
Live Order Book

Based on Peak Active Orders11
0 to 500
501 to 5000
5001 or more



$550
$2,200
$7,000
Message Ingest

Up to 500,000
500,001 to 5,000,000
5,000,001 or more
Per Message

$0.01
$0.005
$0.0001

TT Market Data Feed

Instruments Service Fee Per Session
0 to 25 $150
26 to 250 $330
251 to 2,500 $1,100
2,501 and up Contact Sales

Compliance

Session Type Service Fee
TT Score User-License $250
TT Backtesting User-License $50 + $1 per test hour
Enhanced File Transfer – Audit Trail $200
Enhanced File Transfer – Fills $300

TT Direct

MRC NRC
Location FIX Only* 50 Mbps 100 Mbps 250 Mbps Installation
ASX ALC $990 $1,200 $1,725 $3,300 $694
B3 SPA $374 $584 $1,109 $2,684 $584
Basildon $878 $1,088 $1,613 $3,188 $1,088
CME Aurora DC3 $735 $945 $1,470 $3,045 $1,050
Equinix CH1 $571 $781 $1,306 $2,881 $788
Equinix FR2 $416 $626 $1,151 $2,726 $752
Equinix NY4 $571 $781 $1,306 $2,881 $788
HKEx Co-Location $534 $744 $1,269 $2,844 $793
Interxion LON1 $416 $626 $1,151 $2,726 $525
SGX Co-Location $534 $744 $1,269 $2,844 $963
TFEX Co-Location $370 $580 $1,105 $2,680 $801
Tokyo CC2 - Premium TBD TBD TBD TBD TBD

* FIX Only for FIX Order Routing, FIX Drop Copy and Security Definition (does not include FIX Market Data).

Additional Service Fees

Some Services including, but not limited to, TT Prime, TT Reserved, and TT Score are subject to additional Service Fees.

Exchange Subscriber Service Fees

View Fees Here

Exchange Distribution Fees

View Fees Here

Exchanges

Market Market Name MAP Category Region
ASX Australian Securities Exchange Premium Asia/Pac
BMD Bursa Malaysia Derivatives Standard Asia/Pac
CZCE Zhengzhou Commodities Exchange N/A Asia/Pac
DCE Dalian Commodity Exchange N/A Asia/Pac
FEX FEX Global Standard Asia/Pac
HKEX Hong Kong Exchanges and Clearing Standard Asia/Pac
INE Shanghai International Energy Exchange N/A Asia/Pac
JPX Japan Exchange Group Premium Asia/Pac
KRX Korea Exchange Premium Plus Asia/Pac
NSE National Stock Exchange of India Premium Asia/Pac
SGX Singapore Exchange Premium Asia/Pac
SGX Gift City SGX Gift City Standard Asia/Pac
TAIFEX Taiwan Futures Exchange Standard Asia/Pac
TFEX Thailand Futures Exchange Premium Plus Asia/Pac
TFX Tokyo Financial Exchange Standard Asia/Pac
 
ATHEX Athens Stock Exchange Standard EMEA
BIST Borsa Istanbul Standard EMEA
CEDX Cboe Europe Derivatives Exchange Standard EMEA
DGCX Dubai Gold & Commodities Exchange Standard EMEA
EEX European Energy Exchange Standard EMEA
Eurex Eurex Premium EMEA
Euronext Euronext Standard EMEA
ICE_L ICE - Liffe Standard EMEA
IDEM Borsa Italiana Standard EMEA
JSE Johannesburg Stock Exchange Standard EMEA
LME London Metal Exchange Standard EMEA
MEFF MEFF Standard EMEA
NDAQ_EU Nasdaq European Markets Standard EMEA
NDAQ_NEU Nasdaq Nordic Equity Derivatives Standard EMEA
WSE Warsaw Stock Exchange Standard EMEA
 
BrokerTec and/or Fenics BrokerTec and/or Fenics Standard North America
CBOE Cboe U.S. Equity Options Premium Plus North America
CFE Cboe Futures Exchange Standard North America
CME Chicago Mercantile Exchange Premium North America
ICE Intercontinental Exchange Premium North America
MexDer Mexican Derivatives Exchange Standard North America
MX Montreal Exchange Standard North America
NODAL Nodal Exchange Standard North America
 
B3 B3 Standard South America
 
BITMEX BitMEX N/A No Region
Coinbase Coinbase N/A No Region
DERIBIT Deribit N/A No Region

Footnotes

1All Users (including admins) who log into any TT offerings in a given month will be billed per month per company relationship. Company relationship is defined as either (i) a broker if a broker pays for the User’s Service Fees or (ii) the User or User’s company if the User or its company pays for the User’s Service Fees.

2Triggered by User’s first fill when using TT Standard or TT Pro.

3Each Customer/User is responsible for compliance with applicable laws, rules and regulations relating to each Exchange and crypto venue. For example but without limitation, U.S. persons are not eligible to trade on BitMEX or Deribit (see the BitMEX Terms of Service and Deribit Terms of Service to see the Exchanges' Restricted Jurisdictions).

4Transaction Service Fees for cryptocurrency trading are .5 basis points based on the notional value traded. For example, if the amount traded is or is equivalent to $10,000, the fee would be calculated as $10,000 x .00005 = $.50.

5Usage plans for each TT REST API key are restricted as follows: (i) Low Usage Plan is limited to a maximum of 5 requests per second and 15k requests per day. (ii) Medium Usage Plan is limited to a maximum of 10 requests per second and 30k requests per day and (iii) High Usage Plan is limited to a maximum of 25 requests per second and 75k requests per day.

6TT .NET SDK Per User Service Fee: Each TT .NET SDK User requires TT Pro. Where there is no order activity, each User with access to a TT .NET SDK application key will be charged a $500 Service Fee. Where there is order activity, the transaction or subscription service fee will apply. Usage plans for each TT .NET SDK key are restricted to a maximum number of concurrent price subscriptions as follows: (i) Low Usage Plan--25 concurrent price subscriptions, (ii) Medium Usage Plan--50 concurrent price subscriptions, (iii) High Usage Plan--200 concurrent price subscriptions. If Users would like unlimited price subscriptions, premium Services are available.

7Charged per Exchange per User who is logged in and configured to trade on that Exchange. Fee is not contingent on activity like a transactional based pricing model. Each category listed in the “Exchanges” table.

8A list of the current regions and categories for each Exchange is listed in the “Exchanges” table (Exchanges may be added or removed in each region or MAP category at TT’s discretion).

9FIX Order Routing Service Fees for cryptocurrency trading are .25 basis points based on the notional value traded. For example, if the amount traded is or is equivalent to $10,000, the fee would be calculated as $10,000 x .000025 = $.25.

10Each TT Uncovered User requires TT Pro. Where there is no order activity other than that which is generated by the TT Uncovered application, each User with access to a TT Uncovered application key will be charged the Minimum Service Fee. Where there is order activity, the transaction or subscription Service Fee will apply.

11Peak Active Orders is the highest number of concurrently active (working or held) orders at any point during the month.