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Real Time Market Data

The fee for market data varies depending on the type of data and how it is used.
Please see Policies Regarding Usage of Market Information (9. Rate Table).

Policies Regarding Usage of Market Information pdf
Policies Regarding Usage of Market Information
(After November 5, 2024)		 pdf

 

Fee estimate examples:
(The following are examples for reference only. The actual fee amount will vary depending on how the data is used, so for a more accurate estimate, please contact TSE.)

(Monthly)
Usage License Fee Usage Fee (External Distribution Basic Fee) Real-Time Terminal Fee charged directly by TSE (Volume Charge) Total
Receiving full depth data directly from TSE or through market information providers and redistributing to third parties JPY 1,510,000 JPY 1,450,000 Yes JPY 2,960,000
+ Volume Charge
Receiving real time last sales price data from a market information provider and redistributing to third parties JPY 570,000 JPY 570,000 Yes JPY 1,140,000
+ Volume Charge
Receiving 20 minute-delayed last sales price data from a market information provider and redistributing to third parties JPY 190,000 JPY 190,000 No JPY 380,000
Receiving closing data (EOD) from a market information provider and redistributing to third parties JPY 140,000 JPY 140,000 No JPY 280,000
Receiving real-time data from a market information provider for internal use only (An end user license may be required under certain conditions) None
(JPY 110,000 only when receiving full depth data)		 None No None
(JPY 110,000 only when receiving full depth data)

  • The usage fees above are based on subscription based services. For other usages, other fees may apply.
  • When receiving the data directly from TSE, other fees including dedicated connection line fees, system infrastructure fees and connectivity services fees will apply separately.
  • For connectivity services fees, please refer to Connectivity Services

Promotional Rates for Cash Equity Market Information Fees

TSE is offering a special program which enables use of certain types of information (Last Sales Prices information and Not using pre-opening nor depth (best bid/offer during the auction trading session) Information) for a set period of time at promotional rates to encourage both domestic and overseas entities to distribute its real-time market information.
For New Promotional Program Users which complete the necessary procedures between August 1, 2024 and December 31, 2025, the promotional rates will apply for, extended 2 years, total in 4 years.

Comparison between Regular Rates and Promotional Rates

(Monthly)
  Regular Rates Promotional Rates
(First and Second Years)		 Promotional Rates
(Third Year)		 Promotional Rates
(Fourth Year)
Not using pre-opening nor depth information
(using only best bid/offer prices during the trading sessions)		 JPY 2,250,000
+
Real-Time Terminal Fee		 JPY 380,000 JPY 750,000
+
Real-Time Terminal Fee		 JPY 1,120,000
+
Real-Time Terminal Fee
Last sales prices only JPY 1,140,000
+
Real-Time Terminal Fee		 JPY 380,000 JPY 470,000
+
Real-Time Terminal Fee		 JPY 570,000
+
Real-Time Terminal Fee

(note)
  • ･The above Fees are the total of the License Fee and External Distribution Basic Fee.
    Other fee items will be charged in accordance with Policies Regarding Usage of Market Information (9. Rate Table).
    For details, please refer to the document below.
Promotional Rates for Cash Equity Market Information Fees
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Enquiries:

Tokyo Stock Exchange, Inc.,　Equities, Data Services
TEL:+81-50-3377-7859
E-mail:mains@jpx.co.jp