Market Data Services - Pricing

The American Stock Exchange serves as the administrator of CTA/CQ Network B. The Network B data stream includes the market data for all issues (except options) that are admitted to dealings on the Amex or one of the regional exchanges.
Network B - Schedule of Monthly Pricing
(excluding applicable taxes)
Most Network B rates are divided into Last Sale and Bid/Ask services. Last Sale data is defined as the most recent trade prices reflected by completed transactions in Network B securities. Bid/Ask data represents the best bid and offer currently available for Network B securities. All fees are subject to change at the discretion of Network B. These prices do not include vendor access charges.

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Network
B Service
Monthly Rate
Last Sale
Monthly Rate
Bid/Ask
Professional Service—Member Firms:
Use of Network B real-time data for professional subscribers representing a member firm.
$13.60 $13.65
Professional Service—Non-Member Firms:
Use of Network B real-time data for professional subscribers representing a non-member firm.
$14.60 $15.60
Ticker Display:
Use of Network B data in a continuously scrolling ticker display. Cost is Per Unit.
$13.60  
Non-Professional Combined Last Sale and Bid/Ask Service:
Use of Network B real-time data for non-professional subscribers. To qualify as a non-professional, customers must meet the criteria described in the Amex Data Policies section of this web site.
$1.00  
Non-Professional Usage-Based Pricing:
Usage-based rates are an alternative to monthly display charges. Vendor may cap at $1.00 the per-quote-packet charges payable for any month in respect of any customer that qualifies as a non-professional subscriber, regardless of how many quote-packets the customer may receive during the month. (A quote packet includes any data element or all data elements of a single issue. Last, open, high, low, volume, net change, bid, offer, size, and best bid and offer with size are examples of data elements. "NBR" is an example of a single issue. An index value is deemed to be a single issue data element.)

Notice: Effective June 1, 2006, a twelve month pilot program will be in effect that will allow professionals to qualify for the Non-Professional Usage-Based Pricing. Capping will not be permitted for professionals. Please see Pilot Program - Professional Per Query for details on how to participate in this pilot program.

$.0075 per quote packet for the first 20 million quote packets
$.005 per quote packet for the next 20 million quote packets
$.0025 per quote packet in excess of 40 million quote packets
Enterprise License:
Unlimited dissemination of real-time data by a U.S. registered broker-dealer to:
  1. the broker-dealer's employees, partners and officers
  2. and / or
  3. the broker-dealer's non-professional brokerage customers
$500,000  
Compilation of Stock Tables:
Automated use of Network B market data in the compilation of stock tables and summary statistics for dissemination in newspapers or other print media.
$200 $200
Operations Control Programs:
Use of Network B market data for demonstration of computer programs and in programs designed for monitoring and surveillance purposes, order/report price validation, limit order switching, order status verification and related activities, index calculation and dissemination and portfolio valuation services.
$200 $200
Index Data with Delayed Last Sale Data:
Dissemination of indices with delayed last sale data.
$200  
Creation of a Delayed Last Sale Price Service:
Delaying a real-time datafeed to create delayed service. In a delayed service, last sale prices must be delayed at least 20 minutes and bid/ask data may not be offered.
$200  
Development:
Use of Network B market data for product/system/software development.
$200 $200
Analysis Programs:
Automated use of Network B market data in programs leading to trading decisions.
$200 $200
Market-Making Programs:
Use of Network B market data in programs that generate quotations or execute transactions in an automated or semi-automated manner.
$1,000 $1,000
Real-Time Market Check:
Use of Network B market data for the purposes of providing the real-time data of a single issue following the placement of a buy or sell order in that issue. If the real-time market check feature is part of a system that is subject to interrogation fees, charges under this category do not apply.
$100 $100

Market data clients may view their invoices online at the Internet Invoice Inspector (http://mdmweb.tcbdata.com/).

For more information about Amex pricing or requests for access to the Invoice Inspector, contact Amex Market Data Services at 212-306-1340 or marketdataproducts@amex.com.