OTC FIX

Pricing

Connection – $500.00 per month for a direct connection or connection via a third party service bureau.

The connection fee does not include usage fees (OTC Link® ATS Quote Position Fees, OTC Link® ATS Trade Messaging Fees) or extranet connection fees.

Usage Fees

  • OTC Link Quote Position Fees – Market participants are charged $.20 per security/ per trading day for priced quotations and $.25 for unpriced quotations for all OTC securities. Listed securities are exempt from the position fee. Volume discounts are available.
  • OTC Link Trade Messaging Usage Fees – Market participants are charged $1 per security per trading day for unlimited messages in securities where they have a priced quotation. The charge is $1.25 per security per trading day for unlimited messages relating to securities that a market participant is not quoting or in which it has an unpriced quote. Volume discounts are available.
  • Trade & Quote Privilege Fee – Market participants are charged $600.00 per month if they have access to use OTC Link® ATS.

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