Market Data FAQs

How does OTC Markets Group license real-time data?
What does Level 1 and Level 2 data mean?
How does OTC Markets Group deliver real-time data?
What is the Real-Time Reference Prices license?
Do you license real-time trade data for your securities?
What are the fees associated with OTC Markets Group's real-time data?
Do you have non-display licenses?
Do you have derived data licenses?
Is OTC bond data available in your data feed?
Do you offer a RSS news feed?

How does OTC Markets Group license real-time data?     Top
OTC Markets Group has a number of licensing options for real-time data including: enterprise licenses, subscriber (per user) licenses, non-display (system) licenses and derived data licenses. Level 1 and Level 2 data is available for all licenses except derived data. A complete list of our licenses may be found within the Data Licensing page.

What does Level 1 and Level 2 data mean?     Top
Level 1 and Level 2 describe specific data sets within the OTC Markets Group real-time data feed. They also are entitlements within our licensing and fee structure. Level 1 data refers to the best (highest) bid and best (lowest) ask (or offer) within the OTC Link® ATS quotation system for a respective security. Level 1 is also referred to as the inside price or BBO (best bid/offer). Level 2 data contains all the individual market participant quotes for all securities. Level 2 data is often called depth of book. OTC Markets Group customers entitled to Level 2 data are also entitled to Level 1 data at no additional charge.

How does OTC Markets Group deliver real-time data?     Top
OTC Markets Group delivers real-time data through a number of different channels. The vast majority of end-users consume our data through a data distributor (e.g. Bloomberg, Interactive Data). A full list of our distributors is available on our Market Data Vendor page. We also deliver data directly to distributors and subscribers through direct connection and extranet providers.

What is the Real-Time Reference Prices license?     Top
The Real-Time Reference Prices license is a licensing option from OTC Markets Group that allows market data terminal providers and financial website operators to give the general public an accurate view into the real-time pricing of 10,000 U.S. and global securities. The license offers real-time best bid and ask prices (size information is not included) for all OTC Link® ATS quoted securities with no per user/per query reporting requirements. More information on Real-Time Reference Prices >.

Do you license real-time trade data for your securities?     Top
Yes – we license trade data for trades executed via the OTC Link® ATS, however, this data set does not include the complete universe of securities publicly traded off the exchanges. OTC Link® ATS trade data represents approximately 40% of the trades executed in OTCQX, OTCQB and OTC Pink equities. Complete trade data in these securities is distributed by FINRA via the TDDS data feed. More information on OTC Link Trade data >

What are the fees associated with OTC Markets Group's real-time data?     Top
Our access and license fees are listed in our Market Data Fee Schedule.

Do you have non-display licenses?     Top
Yes – we offer non-display licenses for use in internal business processes (order routing, risk assessment, algorithmic trading). Licenses are available for Level 1 and Level 2 data. More information on non-display licenses.

Do you have derived data licenses?     Top
Yes – we offer an internal and external use Level 2 derived data license. More information on derived data licenses.

Is OTC bond data available in your data feed?     Top
Yes – we currently include a limited set of quote data on TRACE eligible OTC bonds. We plan on expanding the service and will offer a more comprehensive service in the near future.

Do you offer a RSS news feed?     Top
Yes – we offer a Financial Report and News RSS feed on the securities that trade on our marketplaces(http://www.otcmarkets.com/syndicate/rss.xml). Please contact OTC Markets Group if you would like to distribute content included in our feed. An agreement with OTC Markets Group is required to distribute our RSS feed.

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