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 HereExchange Distribution Fees
View Fees HereExchanges
| 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.