Research, News and Market Data
Research and News
IBIS Research Platform
Research and news subscriptions are available through Interactive Brokers Information System (IBIS), our comprehensive news and fundamentals research platform add-on to the TWS. Separate data services are also available. The Platform includes subscription to some research services that are available free of charge. The services are open to all demo users and do not require an application to be approved or funded.
| Non-Professional Monthly Fee |
Professional Monthly Fee |
|
|---|---|---|
| IBIS Research Platform | FREE | FREE |
Free Research and News Services
Click a logo to learn more about a research provider and view a sample report.
| Non-Professional | Professional | |
|---|---|---|
 24/7 Wall StreetInsightful Analysis and Commentary for U.S. and Global Equity Investors. Publishes articles on stock, sector news and market commentary to financial analysis and industry research. |
FREE | FREE |
 AccessWire
Generates quality engagement with real-time analytics to improve visibility and expand an investor’s understanding. It also delivers custom data-feeds on private/public companies, global exchanges, data providers & news aggregators, and financial sites & news agencies. |
FREE | FREE |
 Alexandria Contextual Text AnalyticsTM Engine (ACTATM) news sentiment scores
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FREE | FREE |
 AltaVista Research ETF Tear Sheet Pro plus ETF Hedge and Alternative Finders |
FREE | FREE |
 Briefing.com General Market Columns & Analyst Actions |
FREE | FREE |
 Capitalise |
FREE | FREE |
 Dow Jones North American Briefing & Top News Today newslettersA service for active retail traders focused on equities markets. Real-time coverage of corporate actions in the region as well as major large caps globally. Provides high level coverage of major stock market events and economic indicators, with as many as 3500 stories per day. |
FREE | FREE |
 EconodayProvides unbiased, jargon-free, market-focused analysis written by a team of senior economists. Data includes the prior release, revision to the prior release, consensus, and actual data. Consensus is proprietary and actively managed to ensure optimum results from the forecasts submitted by economists around the world who participate in Econoday’s survey. Key events are ranked to make sure investors know which event matters most to the market. Notifications include the release of economic indicators, central bank announcements/minutes, as well as unscheduled market-moving events. Daily and weekly articles broaden the coverage to include market activity generally, such as updates on stocks, bonds and currencies. |
FREE | FREE |
 EdisonProvides insightful research on a company’s business model, financial forecast, equity valuation and key sensitivities. The firm delivers research for improving visibility and increasing investor understanding of all the companies. |
FREE | FREE |
 EstimizeEstimize is a crowdsourced financial estimates platform offering a true view of market expectations on 2100+ stocks. Equity fundamental and economic estimates crowdsourced from buy side, independent and amateur analysts. |
FREE | FREE |
 ETFguideTechnical Forecast, Weekly ETF picks, and flagship Profit Strategy Newsletter. A global examination of every major ETF category including stocks, bonds, real estate, commodities and currencies is provided. |
FREE | FREE |
 Event SharesEventShares believes legislation and government regulation can be leading investment indicators. EventShares analyses the political news and provides insight for long term investment opportunities. |
FREE | FREE |
 IB Market SignalsScans market irregularities for price and volumes and generates market signal alert. |
FREE | FREE |
 IBKR QuantThe IBKR Quant Blog serves quantitative professionals who have an interest in programming. |
FREE | FREE |
 IBKR Traders' InsightCombines market commentary from IBG traders, global exchanges, and other market veterans into one forum. |
FREE | FREE |
 Market RealistCompany publishes research in the areas of earning reports, Wall Street ratings, price movement observations, mergers/acquisitions and event driven, company news and insight/analysis, industry and company overview, fund analysis and macroeconomic analysis. |
FREE | FREE |
 Social SentimentDetermines the sentiment of a news or information and alerts users of its potential impact. |
FREE | FREE |
 Morningstar Equity Ownership |
FREE | FREE |
 Real Vision The EdgeInstead of being driven by incessant headlines, tickers and clickbait, The Edge is a feast of insight, deep-dive thinking, story-telling and analysis. The programming is diverse, engaging and fresh and will attract anyone interested in finance. It has broad appeal, but is skewed towards Millennials and Generation X. Shows are made up from the content on Real Vision's premium channel. It includes deep-dive financial analysis, long-form interviews with investment legends and actionable trade ideas. Plus a unique format for a weekly financial news show called "This Actually Matters" (Real Vision's collaboration with Yahoo Finance); a shorter weekly show called "20/20" offering deep insights about the biggest themes in the markets and an incredibly valuable series of new formats that open up Real Vision's vault to a whole new set of viewers (shows such as "How I Got My Start in Finance", "Rags and Riches", "Creators of Crypto" and more). Real Vision The Edge is only available on mobile platforms. |
FREE | FREE |
 RedSky News feedRedsky Markets a data analytics company that has developed a proprietary software language allowing for rapid queries of large data set. Redsky provides real time alerts via text message RSS feed on mobile app. |
FREE | FREE |
 Stock market insights & financial analysis. Provides research articles covering broad range of stocks, ETS and investment strategies. Insights are provided by buy side investors and industry expert |
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| Seeking Alpha | FREE | FREE |
| Seeking Alpha Earnings Call Transcripts | FREE | FREE |
 StreetInsider.com Top News and Analyst Actions |
FREE | FREE |
 Real-time financial communications platform for financial and investing community. StockTwits offers low latency streams through consumer facing application as well as raw, structured data. |
FREE for Active Accounts | FREE for Active Accounts |
 Provides investment ideas according to one’s interest, preferences, and level of investment sophistication influence. |
FREE | FREE |
 Evaluates public stock recommendation made by financial analysis and financial bloggers. |
FREE | FREE |
 The Motley Fool |
FREE | FREE |
 |
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| Thomson Reuters Global Financial Market News | FREE | FREE |
| Thomson Reuters News (English plus 10 other languages) | FREE | FREE |
| Thomson Reuters Stockreports+ | FREE | FREE |
| Thomson Reuters StreetEvents Calendars | FREE | FREE |
| Thomson Reuters Worldwide Fundamentals | FREE | FREE |
 * FREE TRIALValuEngine provides individual stock valuation and forecasting reports on over 4,000 US stocks and over 1200 Canadian stocks. The ratings and forecast report incorporates the outputs from all of their proprietary models and includes a valuation overview, rating, fail value assessment, return forecasts, market ratio-based valuations, comparable stock analysis, and complete company financials |
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| ValuEngine | FREE | FREE |
| ValuEngine Report Pro – Chinese | FREE | FREE |
 Zacks Investment Research |
FREE | FREE |
Data Services: Research Data Bundle
The Research Data Bundle for each region includes the following:
- Region Specific Dow Jones Trader News
- Briefing.com
(Global Professional and North America Professional only)
- MT Newswires
(Global Professional and North America Professional only) - The Fly
(Global Professional and North America Professional only)
- Recognia
| Non-Professional Monthly Fee |
Professional Monthly Fee |
|
|---|---|---|
| Global (includes all three regions) | USD 55.00 | USD 155.00 |
| North America | USD 33.00 | USD 105.00 |
| Europe | USD 22.00 | USD 65.00 |
| Asia-Pacific | USD 22.00 | USD 55.00 |
Note in relation to the fees quoted for research, news and market data: IBKR retains 5% - 10% of these fees to cover administrative and other costs related to the provision of these data services. The remainder of the fee is paid to the vendor.
Premium Newswires
Click a logo to learn more about a research provider and view a sample report.
| Non-Professional Monthly Fee |
Professional Monthly Fee |
|
|---|---|---|
 * FREE TRIALAlliance News covers many London-listed companies, including AIM stocks and investment trusts, as well as top UK global economic, political, and general news. This market coverage informs investors which stocks are moving, which are about to move, and why. |
USD 25.00 | USD 25.00 |
 * FREE TRIALA real-time browser-based newsfeed with pre/post market earning reports and ratings coverage gathered from hundreds of research firms. The CryptoCurrency Newswire allows access to headlines & articles that cover cryptocurrency content, major coins, blockchain ETF coverage and daily pricing updates. |
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| Benzinga Crypto News |
USD 19.95 | USD 19.95 |
| Benzinga Pro No API Access |
USD 37.00 | USD 37.00 |
| Benzinga Pro API Access: Select this subscription to access the Benzinga Pro news feed via the Trader Workstation API. |
USD 250.00 | USD 250.00 |
| * FREE TRIAL A sampling of the more active content found on Briefing.com website subscription services. Includes: Stock Market Update, Story Stocks, Economic Calendar, Up/Downgrades, Splits Calendar, IPO Calendar, Daily Sector Wrap, Tech Stocks, Rate Brief, and Fed Brief. Keeps investors fully informed on portfolios and the markets in general. |
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| Briefing in Play | USD 34.20 | USD 34.20 |
| Briefing in Play Plus | USD 55.80 | USD 55.80 |
| Briefing Trader | USD 320.00 | USD 320.00 |
| * FREE TRIAL A service for active retail traders focused on equities markets. Real-time coverage of corporate actions in the region as well as major large caps globally. Provides high level coverage of major stock market events and economic indicators, with as many as 3500 stories per day. |
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| Dow Jones News Service: North America | USD 115.00 | USD 115.00 |
| Dow Jones Institutional News: Global | USD 214.00 | USD 214.00 |
| Dow Jones Real-Time News: Global | USD 55.00 | N/A |
| Dow Jones Real-Time News: North America | USD 30.00 | N/A |
| Dow Jones Real-Time News: Europe | USD 30.00 | N/A |
| Dow Jones Real-Time News: Asia-Pacific | USD 30.00 | N/A |
| * FREE TRIAL The Fly is a leading digital publisher of real-time financial news. The Fly financial market experts understand that news impacting stock prices can originate from anywhere, at any time. The team scours all sources of company news, from mainstream to cutting edge, then filters out the noise to deliver short-form stories consisting of only market moving content. |
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| The Fly No API Access |
USD 21.00 | USD 21.00 |
| The Fly API Access: Select this subscription to access The Fly news feed via the Trader Workstation API. |
USD 600.00 | USD 600.00 |
| * FREE TRIAL Used by most of the largest bank and asset management firms. With up-to-the minute coverage of equities (US and Canada), commodities, options, bonds, FX and all global economic events. Live Briefs PRO is produced by MT Newswire’s experienced staff of economists, financial journalists, and editors delivering clients with a zero noise source of original, multi-asset class real-time news. |
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| MT Newswires "Live Briefs Pro" - North America No API Access |
USD 50.00 | USD 50.00 |
| MT Newswires "Live Briefs Pro" - Global | USD 65.00 | USD 65.00 |
 * FREE TRIAL |
USD 5.00 | USD 5.00 |
 * FREE TRIALWith real-time, distilled market-moving information, FactSet StreetAccount gives investors instant access to crucial intelligence about the companies and markets of interest. Comprehensive US and European company coverage. Around-the-clock market summaries of US, European and Asian markets including overnight summaries, pre-market futures trading updates and sector highlights. |
USD 315.00 | USD 315.00 |
| * FREE TRIAL StreetInsider gives members an “inside” look at Wall Street, providing access information once only available to Wall Street elite. Streetinsider Premium offers members a hard hitting, market moving news feed that weeds out non-actionable items. Some key trading categories covered include: M&A, hedge fund news, analyst rating action, comments, FDA news, Trader Talk, Rumours, and Momentum movers to name a few. |
USD 49.00 | USD 49.00 |
Note in relation to the fees quoted for research, news and market data: IBKR retains 5% - 10% of these fees to cover administrative and other costs related to the provision of these data services. The remainder of the fee is paid to the vendor.
A La Carte Research Subscription Prices
Click a logo to learn more about a research provider and view a sample report.
| Non-Professional Monthly Fee |
Professional Monthly Fee |
|
|---|---|---|
 * FREE TRIALAccern provides a real-time AI platform that notifies investors of early stock-related stories from 300 million public news, blogs, financial documents, and social media sites. Stories available include over 8,000 U.S. public equities spanning 1,000 financial events and monitored in real-time. The API uses sophisticated news filters, allowing investors access to stories based on preferences by sentiment, impact, exposure, and reliability. |
USD 499.00 |
USD 499.00 |
 * FREE TRIALAsbury Research provides investors with a forward looking, strategic forecast of the US financial landscape 1-2 quarters out. Their focus is on the US stock market and market sectors, US interest rates, the US Dollar, and economically influential commodities like gold, crude oil, and copper. |
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| The Asbury Research Keys to This Week - US Stock Market and Weekly Wrap-Up | USD 125.00 | USD 125.00 |
| The Asbury Research Monthly Investment Compass | USD 50.00 | USD 50.00 |
 * FREE TRIALArgus research offerings include easy-to-understand and presentation-ready fundamentals and company analyst reports. They offer a daily market digest, market update, market watch, and market movers’ reports, which provide timely trading ideas and market economic commentary. The six-point Argus fundamental approach is applied to generate buy/sell/hold ratings, earning estimates and an investment thesis for the companies in their universe. |
USD 25.00 | USD 50.00 |
 * FREE TRIAL |
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| Bespoke Weather Services | USD 50.00 | USD 50.00 |
| Bespoke Weather Services Premium | USD 100.00 | USD 100.00 |
| Bespoke Weather Services Trader | USD 200.00 | USD 200.00 |
 * FREE TRIALBullseye Brief presents three thematic, actionable investment ideas every other week. On the off-weeks, Bullseye sends a Sunday night roadmap for the week ahead, as well as a midweek podcast with insight from some of the most respected money managers on Wall Street. Bullseye looks for companies with a compelling fundamental story, data which supports his thesis, and a newsy hook which makes people lean in. |
USD 90.00 | USD 90.00 |
 * FREE TRIAL |
USD 99.00 | USD 99.00 |
 * FREE TRIALCressCap Investment Research provides investment analytics, research, and idea generation for Institutional Investors and Financial Advisors on thousands of securities globally across multiple asset classes updated on a daily basis. The firm produces detailed research reports, buy and sell recommendations, and tools to create and monitor security portfolios. |
USD 500.00 | USD 500.00 |
 * FREE TRIALEOTPRO Development Inc. uses machine learning to create market returns forecasts. The machine intelligence model is designed to use proprietary news alerts and displays ahead of web content, creating a potential window of opportunity. They focus on predicting intraday trading signals in time frame from 5 minutes to 4 hours. These time frames make us less susceptible to HFT and shields us against overnight risk. |
USD 250.00 | USD 250.00 |
 * FREE TRIALEconomatica specializes in handling financial information. Their SaaS based investment research platform rapidly organizes and systemizes data for all company stocks, ADRs, and ETFs listed on the major US exchanges. Economatica provides the information investors need to make better investment decision with a cloud-based platform that helps analyse securities and portfolios with the flexibility to meet an investors unique needs. These user-friendly tools allow investors to extract value from essential financial information and achieve the best investment results. |
USD 275.00 | USD 550.00 |
 * FREE TRIALEventVestor provides accurate, timely, and actionable events data, events calendar, and event-driven insights powered by over one million market moving events and 10-years of historical data. The database also contains quant algorithms, event-driven strategies, and corporate intelligence. |
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| Event-Driven Alpha Alerts | USD 49.50 | USD 137.50 |
| Corporate Events Calendars | USD 49.50 | USD 137.50 |
| Corporate Conference Calendars | USD 22.00 | USD 77.00 |
 * FREE TRIALFinGraphs shows trends, price targets, and risk for end of day or intraday trading on forex, stocks, CFDs, and ETFs. FinGraphs focusses on the essentials of any technical analysis decision making process. It allows users to instantly assess potential trends, possible price target zones and risk levels. |
USD 42.00 | USD 42.00 |
 * FREE TRIALGimmeCredit provides corporate bond research services for credit market investors and traders worldwide. The company offers research reports that provide recommendations based on the research of credit quality, capital structure, valuation and market prices, intraday comments, which provides analysis of the implications of events and market activities; and credit scores, which are forward looking quantitative indicators for companies. |
USD 100.00 | USD 100.00 |
 * FREE TRIALGuosen securities provides comprehensive China A-share coverages on a daily basis such as macro-economic updates, investment strategy, sector analysis, individual securities coverages, fixed income reports, and financial engineering research, etc. |
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| Guosen Chinese Research Complete | USD 27.50 | USD 137.50 |
| Guosen Chinese Research Lite | USD 11.00 | USD 55.00 |
 * FREE TRIALHammerstone has levered its collective knowledge of the financial industry to create a financial media product that allows its subscribers to gain an edge against the market. Hammerstone market feeds, is an instant message stream for traders, providing subscribers with up-to-the-minute breaking news headlines and an analysis of the factors that drive the market. |
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| Hammerstone Report | USD 38.50 | USD 38.50 |
| Hammerstone Markets Feed | USD 82.50 | USD 82.50 |
 * FREE TRIALFocused exclusively on generating and delivering thoughtful investment ideas, the firm combines a quantitative, bottom-up approach with macro-analysis and an emphasis on timing. Daily stock and ETF buy/sell signals triggered by Hedgeye CEO Keith McCullough throughout the trading day, combing his quantitative model with the research analysts’ best stock ideas. |
USD 54.95 | USD 54.95 |
 * FREE TRIALIndividual traders, brokers, and managers look to the Hightower Report to help them navigate today’s complex markets. Their morning commentary provides concise, fundamental analysis on all the major market segments, including grains, livestock, financial markets, metals, energy, and soft commodities. Also includes a weekly market letter released Friday afternoons for up-to-date ideas and strategies to start the next trading week. |
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| Hightower Report Daily Energy Comment | USD 35.00 | USD 35.00 |
| Hightower Report Daily Financials Comment | USD 35.00 | USD 35.00 |
| Hightower Report Daily Grains Comment | USD 35.00 | USD 35.00 |
| Hightower Report Daily Livestock Comment | USD 35.00 | USD 35.00 |
| Hightower Report Daily Metals Comment | USD 35.00 | USD 35.00 |
| Hightower Report Daily Soft Commodities Comment | USD 35.00 | USD 35.00 |
| Hightower Report Daily Package | USD 75.00 | USD 75.00 |
| Hightower Report Weekly Report Market Letter | USD 25.00 | USD 25.00 |
 * FREE TRIALIntrinio uses machine learning and rules based algorithms to collect financial data, cleaning and standardizing data sets that may be difficult for investors to analyse. Intrinio provides four major data feeds, US Public Company Financials, US Insider Transaction & Ownership, US Institutional Holdings, and US & Global Economics. |
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| Intrinio (P) | USD 100.00 | USD 100.00 |
 * FREE TRIAL |
USD 50.00 | USD 50.00. |
 * FREE TRIALThe Market Edge Technician report provides in-depth analysis on over 3,600 stocks. Updated daily, the research looks at short and intermediate term strengths and weaknesses and provides specific, actionable recommendations. A Calendar of Technical Events alerts investors to changes in pertinent technical indicators. |
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| MarketEdge NP | USD 9.45 | USD 12.15 |
| MarketEdge Point & Figure Breakouts and Early Alerts | USD 10.00 | USD 10.00 |
 * FREE TRIALMarketGrader offers independent, fundamental research on 6000 North American equities. Their quantitative research system grades each company across 24 fundamental metrics across four core categories: growth, value, profitability, and cash flow. The result is an overall grade between 0-100 and an objective Buy, Hold, or Sell rating focused on each company’s potential for long-term capital appreciation. |
USD 28.00 | USD 28.00 |
 * FREE TRIAL |
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| MarketLife Plus | USD 20.00 | USD 20.00 |
| MarketLife Premium | USD 147.75 | USD 147.75 |
 * FREE TRIALMcAlinden Research Products (MRP) provides independent investment strategy research to investors worldwide. The firm’s mission is to identify alpha-generating investment themes early in their unfolding. On a daily basis MRP scans hundreds of data and news sources looking for disruptive events that are unfolding around the world and compiles the most investment-relevant information into a Daily Intelligence Briefing report. |
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| McAlinden Research Products | USD 135.00 | USD 337.50 |
| * FREE TRIAL Morningstar Equity provides a 1 to 5 star rating based on their analysts ‘fair value estimate’ of how much a company’s business is worth per share. Morningstar ETF evaluates the opportunity of ETFs to build more efficient portfolios (‘Portfolio Builders’) and the potential to beat the market (‘Market Beaters’). Morningstar Corporate Rating measures the ability of a firm to satisfy its debt and debt-like obligations. |
USD 14.18 | USD 35.00 |
 * FREE TRIAL |
USD 250.00 | USD 834.00 |
 New Constructs, LLC is an equity research firm specializing in quality-of-earnings, forensic accounting, and discounted cash flow valuation analyses for public companies. The firm provides ratings on company stocks, ETFs, and mutual funds. The firm provides the most attractive and most dangerous stocks report including stocks to buy in large-cap and small-cap range. |
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| New Constructs Reports on Stocks, ETFs and Mutual Funds | USD 17.40 | USD 34.80 |
| New Constructs - Unlimited Research and Alerts | USD 499.00 | USD 499.00 |
 * FREE TRIALEnso is a leading hedge fund service provider offering clients the ability to use critical business insights to become more competitive while strengthening their brokers’ relationships. ENSO’s suite of intuitive, data-driven tools enhances potential risk and operational transparency and improves transactional efficiency, allowing multi-prime hedge funds and asset managers to optimize structural and variable costs. |
USD 95.00 | USD 95.00 |
 OTR Global provides ongoing marketplace research services for institutional investors across various sectors in the United States and internationally. The company offers syndicates and custom research services, including research reports, snapshots, conferences, and field forces; trading services in the areas of electronic single/basket stock trading and portfolio monitoring. |
Available Upon Request |
Available Upon Request |
 * FREE TRIALPropThink is a leading online destination of retail and institutional investors seeking actionable analysis of publicly-traded, emerging growth companies in the healthcare sector. PropThink provides specific long and short trading ideas to investors in the healthcare and life sciences sectors and identifies and analyses technically complicated companies and equities that are grossly over-or under-valued. |
USD 99.00 | USD 99.00 |
 * FREE TRIALSight Beyond Sight® is a global macro trading newsletter written daily by Neil Azous. With close to two decades of institutional experience across asset classes, Neil interprets the day-to-day economic, policy and strategy developments and provides actionable trading ideas for investors. Four publications are produced a week. |
USD 200.00 | USD 200.00 |
| * FREE TRIAL Real Vision TV is financial television for smart investors. It offers video-on-demand with unique peer-to-peer conversations between leading industry figures. The long-form content approach results in a high level discussion with deep industry insights. |
USD 15.00 | USD 15.00 |
 * FREE TRIALSADIF is an independent research firm providing unbiased and conflict-free rating updates and quarterly equity research on more than 20000 companies worldwide. Recommendations are based on fundamental financial analysis complemented by technical inputs. The service is a comprehensive tool for analysis and development of actionable investment ideas. |
USD 9.00 | USD 15.00 |
 * FREE TRIALSentieo is familiar with the challenge of gathering information to find key data points that have the potential to make or break an investment thesis. With new datasets appearing daily, the job of an investor continues to grow more challenging and complex. Sentieo is a financial data platform underpinned by search technology. Sentieo overlays search, collaboration, and automation on key aspects of an analyst’s workflow so that investors spend less time searching and more time analysing. |
USD 500.00 | USD 500.00 |
 * FREE TRIALThe Sevens Report tries to combat information overload faced by financial professionals and self-directed investors daily, and provide one document that offers comprehensive coverage of all asset classes. The report is modelled after morning trading notes that are the staple of virtually every institutional trading desk in the world. Sevens Report was created to provide advisors with an independent analyst to communicate with them daily at 7AM and quickly identify potential risk and opportunities for Stocks, Bonds, Currencies and Commodities. |
USD 65.00 | USD 65.00 |
 * FREE TRIAL |
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| Combo Wave | USD 50.00 | USD 50.00 |
| Porsche Dots | USD 50.00 | USD 50.00 |
| TTM Squeeze | USD 50.00 | USD 50.00 |
| Wave A/B/C | USD 50.00 | USD 50.00 |
 * FREE TRIALSlingshot Insights is an expert network and management access company focused on healthcare and biotech space. Slingshot Insights focuses on fulfilling specific interview requests for investors on stocks and records and transcribes telephone interviews. |
USD 725.00 | USD 725.00 |
 * FREE TRIAL |
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| StockPulse Pusle Picks Asia | USD 60.00 | USD 120.00 |
| StockPulse Pusle Picks Europe | USD 60.00 | USD 120.00 |
| StockPulse Pusle Picks Global | USD 150.00 | USD 300.00 |
| StockPulse Pusle Picks North America | USD 60.00 | USD 120.00 |
 * FREE TRIALTheStreet Ratings is TheStreet's award-winning quantitative equity rating service and it will put an investor’s portfolio through the kind of tough scrutiny it must pass to succeed. With specific buy, hold, or sell recommendations for over 4,300 U.S. equities; each stock comes with a specific A through F score and a detailed up-to-date five-page research report. |
USD 9.98 | USD 9.98 |
 * FREE TRIALValidea's Guru Stock Reports provide an independent, unbiased analysis of a stock's potential using the fundamental investment strategies of legendary investors, including approaches based on Ben Graham, Warren Buffett, John Neff, Martin Zweig and others. Reports contains BUY/SELL/HOLD ratings and a snapshot of the ratings change history. |
USD 10.80 | USD 10.80 |
 * FREE TRIALVermilion Research is a leading equity research firm serving institutional buy-side clients around the globe. Vermilion’s action-oriented research provides professional investors with an in-depth technical analysis of equity market drivers enabling users to make intelligent investment decisions. Products are based on their proprietary methodology for constructing, tracking, and ranking sectors, industry groups, and stocks. |
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| Vermilion Booster Shots | USD 44.00 | USD 44.00 |
| Vermilion Compass | USD 40.00 | USD 40.00 |
| Vermilion International Compass | USD 40.00 | USD 40.00 |
| Vermilion ETF Pathfinder | USD 40.00 | USD 40.00 |
| Vermilion Short Shots | USD 44.00 | USD 44.00 |
 * FREE TRIALWall Street Horizon Inc, provides data on calendar-driven corporate events to the investment industry. It offers data feeds of corporate calendar dates including earnings releases, conference calls, ex-dividend dates, investor conferences, and more. |
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| Wall Street Horizon Online Application, Enchilada | USD 99.00 | USD 99.00 |
| Wall Street Horizon Corporate Event Data Feeds | USD 5.00 | USD 20.00 |
 * FREE TRIALWaveStructure provides a clear and unbiased view of markets while identifying high probability opportunities for limited risk entries. Professional services issue daily Elliot Wave and Action Reaction line analysis covering a wide range of markets. WaveStructure uses a proprietary computer based Elliot Wave system that applies a single unified set of rules and conditions to the analytical process, reducing human input and eliminating the possibility of bias. |
USD 118.80 | USD 390.00 |
 * FREE TRIALWebsim is a division of Intermonte Sim and provides retail investors with news and analysis services on Italian listed companies. They provide a Fundamental Analysis report with recommendations and up to date target prices, and their Technical Analysis Strategies on various time horizons, including intraday strategies. |
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| Websim Premium News | USD 19.00 | USD 39.00 |
| Websim Italian Equity Research | USD 29.00 | USD 49.00 |
 * FREE TRIALWright FIRST investment research service provides tools for portfolio management and includes proprietary Wright Quality Rating for each company, Investment Commentaries, extensive economic and securities markets Chart Files, and Special Report for over 38,000 of the leading companies in 69 countries. The Wright FIRST investment research Chart File provides an extensive resource with insightful graphs and tables that can be included in client account review presentation. |
USD 110.00 | USD 110.00 |
 * FREE TRIALXTF, Inc provides exchange traded fund (ETF) ratings, research, and investment decision support tools to retail investors and financial institutions worldwide. The company’s proprietary trading methodology covers the US listed ETFs and exchange traded notes (ETN) representing the US Exchange traded products marketplace. |
USD 49.00 | USD 49.00 |
Note in relation to the fees quoted for research, news and market data: IBKR retains 5% - 10% of these fees to cover administrative and other costs related to the provision of these data services. The remainder of the fee is paid to the vendor.
Separate Data Services
Available to all clients.
| Non-Professional Monthly Fee |
Professional Monthly Fee |
|
|---|---|---|
 |
USD 1.00 | USD 2.00 |
Note in relation to the fees quoted for research, news and market data: IBKR retains 5% - 10% of these fees to cover administrative and other costs related to the provision of these data services. The remainder of the fee is paid to the vendor.
Market Data Fees
Subscription Billing
Market data and research subscription fees are assessed on the day of subscribing and on the first business day of each subsequent month for as long as the services are active. For minimum equity requirements in order to subscribe to market data, please see the following table.
Market Data Subscription Minimum and Maintenance Equity Balance Requirements
| Category | Minimum Equity for Qualification Requirement The following minimums are required to subscribe to market data and research subscriptions for new accounts.* |
Minimum Equity for Maintenance Requirement The following minimums are required to maintain market data and research subscriptions. |
|---|---|---|
| Individual Accounts (unless listed below) | USD 2,000 (or non-USD equivalent) | USD 500 (or non-USD equivalent) |
| Financial Advisor Client Accounts | USD 2,000 (or non-USD equivalent) | USD 500 (or non-USD equivalent) |
| Institutional and/or Organizational Accounts | USD 2,000 (or non-USD equivalent) | USD 500 (or non-USD equivalent) |
| Financial Advisor | USD 500 (or non-USD equivalent) | USD 500 (or non-USD equivalent) |
| Friends and Family Advisor | USD 200 (or non-USD equivalent) | USD 200 (or non-USD equivalent) |
| Introducing Broker Clients | USD 200 (or non-USD equivalent) | USD 200 (or non-USD equivalent) |
| Indian residents 1 trading with an IB India account | USD 500 (or non-USD equivalent) | USD 100 (or non-USD equivalent) |
Notes:
- *Clients whose data terminated due to insufficient equity will need to meet the Qualification Requirement before re-subscribing.
- The minimum requirements plus the cost of the subscription are required to have the data activated.
- Indian resident is an individual who resides in India for more than 182 days per year.
Subscription fees are assessed based on the number of users subscribed to the service on an account. If multiple users are subscribed, there will be multiple charges assessed to the account.
We provide real-time streaming market data for the prices listed in the sections below. You can also choose to receive free delayed market data for financial instruments for which you do not currently hold market data subscriptions. In addition, for clients who do not need streaming real-time quotes for US listed stocks you can choose a per quote option where you only pay USD 0.01 per quote request. With this service, you will also receive US futures (if you are a Non-Professional and have US Futures trading permissions) and US bonds, as well as OTC Markets, Dow Jones Indices and CBOE Market Data Express Indices. Refer to the North America > United States market data fees table below for details.
Professional versus Non-Professional
Most exchanges and data vendors classify clients as either non-professional or professional. By default, organizations such as corporations, limited liability companies, partnerships and any account where the data is used for more than personal investment purposes is deemed to be professional. In addition, private persons may be considered professional if they are registered as a security or investment advisor, or act in a similar capacity. A trader who is employed by a financial services business may also be considered a professional. Click here for more information about non-professional qualifications.
Subscriptions to IBKR's FX markets are free and automatically enabled when you are approved for Global FOREX trading permissions.
| Region/Exchange | Non-Pro Fees/month | Pro Fees/month |
|---|---|---|
| IBKR Forex /Pro | Fee Waived | Fee Waived |
| IBKR FX | Fee Waived | Fee Waived |
| Index CFD | Fee Waived | Fee Waived |
| UK Physical Metals and Commodities | Fee Waived | Fee Waived |
United States
| Region/Exchange | Non-Pro Fees/month | Pro Fees/month |
|---|---|---|
| US Securities Snapshot and Futures Value Bundle 1, 2, 3, 4 | USD 10.00 Base Waived for Activity 4 + USD 0.01 per Snapshot 24,25 |
N/A |
| Professional US Securities Snapshot Bundle 1, 6 | N/A | USD 10.00 Waived for Activity 6 + USD 0.01 per Snapshot 24,25 |
| US Futures Value PLUS Bundle 5 | USD 5.00 | N/A |
| US Equity and Options Add-On Streaming Bundle 26,27 | USD 4.50 | USD 125.0028 |
| Bond Ratings (Corporates and Municipals) 12 | USD 1.00 | USD 1.00 |
| Cboe BZX Depth of Book 13 | USD 5.50 | USD 43.00 |
| Cboe Streaming Market Indexes | USD 2.25 | USD 2.25 |
| CBOT Real-Time Depth of Book (L2) 3 | N/A | USD 112.5010,28 |
| CFE Enhanced Top of Book (L1) | USD 2.50 | USD 7.50 |
| CFE Enhanced with Depth of Book (L2) | USD 4.00 | USD 15.00 |
| CME Real-Time Depth of Book (L2) 3 | N/A | USD 112.5010,28 |
| CME S&P Indexes | USD 4.25 | USD 4.25 |
| COMEX Real-Time Depth of Book (L2) 3 | N/A | USD 112.5010,28 |
| Dow Jones Global Indices | USD 1.00 | USD 2.00 |
| ERIS Market By Order | USD 1.00 | USD 1.00 |
| ICE Futures U.S. (NYBOT) 11 | USD 120.75 | USD 120.75 |
| ISE Options Depth of Book (L2) | USD 10.00 | USD 60.00 |
| NASDAQ BX TotalView (L2) 13 | USD 3.50 | USD 45.00 |
| NASDAQ Global Index Data Service | USD 3.50 21 | USD 12.00 21 |
| NASDAQ Options Market Depth of Book (L2) | USD 11.50 | USD 62.50 |
| NASDAQ TotalView-OpenView Bundled 13 | USD 15.00 | USD 86.50 |
| NASDAQ TotalView-OpenView EDS 22 | USD 1.00 | USD 10.00 |
| NYSE (Network A/CTA) Top of Book (L1) - Billed by the NYSE | N/A | USD 45.00 |
| NYSE (Network A/CTA) Top of Book (L1) - Billed by Interactive Brokers | USD 1.50 | USD 45.00 |
| AMEX (Network B/CTA) Top of Book (L1) | USD 1.50 | USD 23.007 |
| NASDAQ (Network C/UTP) Top of Book (L1) | USD 1.50 | USD 25.00 28 |
| Global OTC Equities(L2) | USD 1.50 | USD 48.50 |
| Global OTC and OTC Markets | USD 17.00 | USD 127.00 |
| NYMEX Real-Time Depth of Book (L2) 10 | N/A | USD 112.5010,28 |
| NYSE AMEX Options Depth of Book (L2) | USD 11.50 | USD 62.50 |
| NYSE Arca Options Depth of Book (L2) | USD 11.50 | USD 62.50 |
| NYSE Arca Order Imbalances | USD 1.00 | USD 1.00 |
| NYSE ArcaBook Depth of Book (L2) 13 | USD 11.00 | USD 65.008 |
| NYSE Global Index Feed | USD 1.00 | USD 18.25 |
| NYSE MKT Order Imbalances | USD 1.00 | USD 1.00 |
| NYSE OpenBook Depth of Book (L2) 13 | USD 25.00 | USD 60.00 |
| NYSE Order Imbalances | USD 1.00 | USD 1.00 |
| OCX Data (OneChicago SSF) 14 | USD 1.00 | USD 1.00 |
| OPRA Top of Book (L1) (US Option Exchanges) 15 | USD 1.5016 | USD 32.75 (includes all exchanges) |
| OTC Markets Top of Book (L1) 23 | USD 3.00 | USD 30.00 |
| OTC Markets Depth of Book (L2) 23 | USD 16.00 | USD 80.00 |
| RussellTick Indices Real-Time | USD 2.00 | USD 15.00 |
| TRACE (BTDS) Corporate Bond Data | N/A | USD 65.00 |
| US Mutual Funds | Fee Waived21 | Fee Waived21 |
| US Bond Real-Time Data 12 | Fee Waived | Fee Waived |
Canada
| Region/Exchange | Non-Pro Fees/month | Pro Fees/month |
|---|---|---|
| Canadian Exchange Group (TSX/TSXV) Top of Book (L1) (Non-Canadian Residents Only) | USD 20.00 | USD 73.00 |
| Toronto Stock Exchange Top of Book (L1) (Canadian Residents Only) | CAD 9.00 | CAD 34.50 |
| Toronto Market by Price Depth of Book (L2) 18 | USD 14.0020 | USD 30.0020 |
| TSX Venture Exchange Top of Book (L1) (Canadian Residents Only) | CAD 9.00 | CAD 27.00 |
| TSX Venture Market by Price Depth of Book (L2) 19 | USD 16.0020 | USD 16.0020 |
| Montreal Exchange Top of Book (L1) (CDE) | USD 6.0020 | USD 43.0020 |
| Montreal Exchange Depth of Book (L2) (CDE) | USD 9.0020 | USD 54.5020 |
Mexico
| Region/Exchange | Non-Pro Fees/month | Pro Fees/month |
|---|---|---|
| Mexican Derivatives Exchange Top of Book (L1) | USD 5.00 | USD 15.00 |
| Mexican Stock Exchange Top of Book (L1) | USD 15.25 | USD 37.25 |
Sample Market Data Subscriptions
The sample market data subscriptions in the following table below can help you choose the right subscriptions for your trading needs.
| Market Data Desired | Non-Professional subscription(s) needed |
Professional subscription(s) needed |
|---|---|---|
| AMEX-, ARCA-, BATS-listed top-of-order book (NBBO) streaming quotes | AMEX (Network B/CTA) OR US Securities Snapshot and Futures Value Bundle AND US Equity and Options Add-On Streaming Bundle |
AMEX (Network B/CTA) OR Professional US Securities Snapshot Bundle AND US Equity and Options Add-On Streaming Bundle |
| NASDAQ-listed (ex: MSFT) top-of-order book (NBBO) streaming quotes | NASDAQ (Network C/UTP) OR US Securities Snapshot and Futures Value Bundle AND US Equity and Options Add-On Streaming Bundle |
NASDAQ (Network C/UTP) OR Professional US Securities Snapshot Bundle AND US Equity and Options Add-On Streaming Bundle |
| NYSE-listed (ex: IBM) top-of-order book (NBBO) streaming quotes | NYSE (Network A/CTA) OR US Securities Snapshot and Futures Value Bundle AND US Equity and Options Add-On Streaming Bundle |
NYSE (Network A/CTA) OR Professional US Securities Snapshot Bundle AND US Equity and Options Add-On Streaming Bundle |
Notes:
- Includes snapshot data for Consolidated Tapes A, B, and C (NYSE, AMEX, NASDAQ) to provide NBBO. Requesting snapshot quotes will result in extra fees on top of the base value of the service. Also includes top of book quotes for OTC Markets, Dow Jones Indices, CBOE Market Data Express Indices, and US Bond Quotes. For more information on snapshot quotes, please visit http://ibkb.interactivebrokers.com/node/2830
- Includes top of book quotes for CBOT, CME, COMEX, and NYMEX
- Access to US Futures data requires clients to have US Futures Trading Permissions.
- Accounts must generate at least USD 30 in commissions per month per each user subscribed.
- Requires a subscription to the US Securities Snapshot and Futures Value Bundle. Includes depth of book quotes for CBOT, CME, COMEX, and NYMEX.
- Accounts must generate at least USD 30 in commissions per month per each user subscribed.
- Subscribing to AMEX (Network B/CTA) will allow a client to SMART route AMEX and ARCA listed stocks.
- Subscribing to NYSE ArcaBook Depth of Book (L2) will allow a client to see ARCA Depth of book quotes on the ARCA exchange. For a top of book quote, the client will need a subscription to AMEX (Network B/CTA).
- Floor-based data generally only includes last sale, as there are rarely bid-ask quotes.
- Top of Book data is included in the Depth of Book subscription.
- Includes options and Liffe precious metals futures and futures options.
- Includes US corporate bonds and US-Treasuries.
- Must subscribe to NYSE (Network A/CTA), AMEX (Network B/CTA), and NASDAQ (Network C/UTP) data.
- USD 10.00/month for IBIS Stand-Alone Clients.
- Includes all options exchanges
- For each subscriber the account must generate at least USD 20 in commissions per month to have the monthly fee waived for all users.
- Must have appropriate CDE trading permission
- Requires a subscription to the Toronto Stock Exchange Top of Book or Canadian Exchange Group (TSX/TSXV).
- Requires a subscription to the Venture Exchange Top of Book Non-Professional or Canadian Exchange Group (TSX/TSXV).
- Service is denominated in CAD for Canadian Accounts.
- These services can trigger Hosted Solutions fees. For more information, please go to https://ibkr.info/article/1852.
- Must subscribe to the standard NASDAQ TotalView-OpenView Bundled data.
- Requires Global OTC Equties (L2) data in order to view quotes.
- Snapshots are capped and switched to streaming quotes when the total snapshot cost equals the streaming equivalent.
- The streaming service for Network A, B, or C (NYSE, AMEX, NASDAQ) supersedes their respective snapshot service. If a client subscribes to the streaming service of NYSE, AMEX, or NASDAQ before being capped for the exchanges' snapshot service, they will only pay for the streaming service, not the month's previous snapshots for the respective service.
- Includes NYSE (Network A/CTA), AMEX (Network B/CTA), NASDAQ(Network C/UTP), and OPRA(US Options).
- Requires US Securities Snapshot and Futures Value Bundle for NonProfessionals or Professional US Securities Snapshot Bundle
- Price reflects an increase beginning April 1, 2018.
- Service will be decommissioned as of April 1, 2018.
EuroNext (Belgium, France, Netherlands, Portugal)
| Region/Exchange | Non-Pro Fees/month | Pro Fees/month |
|---|---|---|
| Euronext All Indices Real-Time Data | Included in Euronext Data Bundle Top of Book (L1) and Depth of Book (L2) | EUR 17.00 |
| Euronext Cash Top of Book (L1) | Available as Euronext Data Bundle – Top of Book (L1) (Stock Depth of Book (L2) – Equity Derivatives Top of Book (L1) ) | EUR 73.00 |
| Euronext Cash Depth of Book (L2) | Available as Euronext Data Bundle – Top of Book (L1) (Stock Depth of Book (L2) – Equity Derivatives Depth of Book (L2) | EUR 101.00 |
| Euronext Commodity Derivatives Depth of Book (L2) | EUR 17.00 | EUR 17.00 |
| Euronext Currency Derivatives Depth of Book (L2) | EUR 3.00 | EUR 3.00 |
| Euronext Data Bundle - Level I (Stocks Depth of Book (L2) - Equity Derivatives Top of Book (L1) ) | EUR 2.00 | N/A |
| Euronext Data Bundle - Level II (Stocks Depth of Book (L2) - Equity and Index Derivatives Depth of Book (L2) ) | EUR 39.00 | Available as Euronext Cash Market Depth of Book (L2) plus Euronext Equity and Index Derivatives Depth of Book (L2) |
| Euronext Equity and Index Derivatives - Depth of Book (L2) | EUR 37.00 | EUR 37.00 |
Austria
| Region/Exchange | Non-Pro Fees/month | Pro Fees/month |
|---|---|---|
| Vienna Stock Exchange Indices | Available as Vienna Stock Exchange Level 1 + Indices | EUR 11.00 |
| Vienna Stock Exchange Cash Market Top of Book (L1) | Available as Vienna Stock Exchange Level 1 + Indices | EUR 35.50 |
| Vienna Stock Exchange Cash Market - Depth of Book (L2) | Available as Vienna Stock Exchange Level 2 + Indices | EUR 47.00 |
| Vienna Stock Exchange - Top of Book (L1) + Indices | EUR 3.50 | Available as Vienna Stock Exchange Level 1 plus Vienna Stock Exchange Indices |
| Vienna Stock Exchange - Depth of Book (L2) + Indices | EUR 6.00 | Available as Vienna Stock Exchange Level 2 plus Vienna Stock Exchange Indices |
Baltic (Estonia, Latvia, Lithuania)
| Region/Exchange | Non-Pro Fees/month | Pro Fees/month |
|---|---|---|
| Baltic Equity Top of Book (L1) | EUR 1.25 | EUR 15.00 |
| Baltic Equity Depth of Book (L2) | EUR 2.00 | EUR 20.50 |
Czech Republic
| Region/Exchange | Non-Pro Fees/month | Pro Fees/month |
|---|---|---|
| Prague Stock Exchange Cash Market Top of Book (L1) | EUR 3.50 | EUR 16.00 |
| Prague Stock Exchange Cash Market Depth of Book (L2) | EUR 9.50 | EUR 27.00 |
Germany
| Region/Exchange | Non-Pro Fees/month | Pro Fees/month |
|---|---|---|
| Deutsche Boerse Indices & Xetra ETFs | EUR 1.25 | EUR 11.00 |
| Eurex Retail Europe | EUR 2.00 | N/A |
| Eurex Core Top of Book (L1) 3 | EUR 8.75 | N/A |
| Eurex Core Top of Book (L2) 4 | EUR 13.00 | EUR 56.007 |
| Spot Market Germany (Frankfurt/Xetra) Top of Book (L1) | EUR 16.25 | EUR 67.50 |
| Spot Market Germany (Frankfurt/Xetra) Depth of Book (L2) (1) | EUR 21.75 | EUR 81.50 |
| STOXX© Index Data Real-Time | EUR 9.00 | EUR 15.00 |
| Stuttgart Boerse incl. Euwax (SWB) | EUR 5.50 | EUR 8.00 |
Hungary
| Region/Exchange | Non-Pro Fees/month | Pro Fees/month |
|---|---|---|
| Budapest Stock Exchange (L2) | EUR 2.50 | EUR 24.00 |
Italy
| Region/Exchange | Non-Pro Fees/month | Pro Fees/month | Borsa Italiana (BVME stock / SEDEX / IDEM deriv) Top of Book (L1) | EUR 4.00 | EUR 16.00 |
|---|---|---|
| Borsa Italiana (BVME stock / SEDEX / IDEM deriv) Depth of Book (L2) | EUR 17.00 | EUR 50.25 |
Nordic (Denmark, Finland, Norway, Sweden)
| Region/Exchange | Non-Pro Fees/month | Pro Fees/month |
|---|---|---|
| Nordic Derivatives Top of Book (L1) 6 | EUR 4.00 | Top of Book (L1) Data not Available to Professional Subscribers |
| Nordic Derivatives Depth of Book (L2) 6 | EUR 6.00 | EUR 35.00 |
| Nordic Equity Top of Book (L1) 6 | EUR 2.00 | EUR 36.00 |
| Nordic Equity Depth of Book (L2) 6 | EUR 6.00 | EUR 67.50 |
| Oslo Bors Top of Book (L1) | NOK 11 | N/A |
| Oslo Bors Depth of Book (L2) | NOK 110 | NOK 375 |
| Turquoise Derivatives (Nordic) | NOK 5.00 | NOK 5.00 |
Other European Exchanges
| Region/Exchange | Non-Pro Fees/month | Pro Fees/month |
|---|---|---|
| European (BATS/Chi-X) Equities Depth of Book (L2) 2, 6 | Fee Waived | USD 10.00 |
| Turquoise ECNs Level 1 | GBP 6.00 | GBP 7.25 |
| Turquoise ECNs Level 2 | GBP 12.00 | GBP 14.00 |
Poland
| Region/Exchange | Non-Pro Fees/month | Pro Fees/month |
|---|---|---|
| Warsaw Stock Exchange (L1) | PLN 11.00 8 | N/A |
| Warsaw Stock Exchange (L2) | PLN 95.00 8 | PLN 211.00 8 |
Spain
| Region/Exchange | Non-Pro Fees/month | Pro Fees/month |
|---|---|---|
| Bolsa de Madrid Top of Book Plus (L1) | EUR 5.25 | EUR 32.50 |
| Bolsa de Madrid Depth of Book (L2) | EUR 16.00 | EUR 57.00 |
| IBEX and LATIBEX Indices | EUR 8.00 | EUR 8.00 |
| BME (MEFF) Top of Book (L1) | EUR 2.25 | EUR 15.00 |
| BME (MEFF) Depth of Book (L2) | EUR 4.50 | EUR 24.00 |
Switzerland
| Region/Exchange | Non-Pro Fees/month | Pro Fees/month |
|---|---|---|
| SIX Structured Basic Access | CHF 6.50 | CHF 15.25 |
| SIX Structured Advanced Access | CHF 8.75 | CHF 22.00 |
| SIX Swiss Exchange Top of Book (L1) | N/A | CHF 26.75 |
| SIX Swiss Exchange Depth of Book (L2) | CHF 10.00 | CHF 96.50 |
United Kingdom
| Region/Exchange | Non-Pro Fees/month | Pro Fees/month |
|---|---|---|
| ICE Futures E.U. - Commodities (IPE) 5 | USD 120.75 | USD 120.75 |
| ICE Futures E.U. – Financials (LIFFE) 5 | USD 120.75 | USD 120.75 |
| London Metal Exchange | USD 27.00 | USD 27.00 |
| LSE International Top of Book (L1) | GBP 4.25 | GBP 27.00 |
| LSE UK Top of Book (L1) | GBP 5.00 | GBP 50.00 |
Notes:
- FWB floor data is provided at Level I only.
- Includes Chi-X, NURO.
- Level I does not provide any market depth (just bid /ask).
- Level II only shows a market depth of 5.
- Includes options.
- These services can trigger Hosted Solutions fees. For more information please go to http://ibkb.interactivebrokers.com/article/1852
- Price indicates an increase effective March 1, 2018.
- Price indicates an increase effective April 1, 2018.
Australia
| Region/Exchange | Non-Pro Fees/month | Pro Fees/month |
|---|---|---|
| ASX Total Depth of Book (L2) | AUD 25.00 | AUD 94.50 |
| Chi-X Australia 2 | USD 11.00 | USD 27.00 |
| ASX24 Commodities and Futures Depth of Book (L2) | AUD 21.50 | AUD 94.50 |
China
| Region/Exchange | Non-Pro Fees/month | Pro Fees/month |
|---|---|---|
| Shanghai Stock Exchange 5 Second Snapshot (via HKEx) 3, 8 | USD 1.00 | USD 1.00 |
| Shanghai Stock Exchange 5 Second Snapshot via HKEx Alternative Display 3, 8 | USD 5.00 | USD 5.00 |
| Shanghai Stock Exchange Top of Book (L1) (non-Mainland China residents) 4, 6 | USD 12.00 | USD 30.00 |
| Shanghai Stock Exchange Alternative Display Top of Book (L1) 4 | USD 20.00 | N/A |
| Shanghai Stock Exchange Depth of Book (L2) (non-Mainland China residents) 5, 6 | USD 35.00 | USD 35.00 |
| Shanghai Stock Exchange Levels 1 & 2 (Mainland China residents) 5, 7 | USD 5.00 | USD 5.00 |
| Shenzhen Stock Exchange 3 Second Snapshot (via HKEx) 3, 8 | USD 1.00 | USD 1.00 |
| Shenzhen Stock Exchange 3 Second Snapshot via HKEx Alternative Display 4 | USD 5.00 | USD 5.00 |
| Shenzhen Stock Exchange Top of Book (L1) (non-Mainland China residents) 4, 6 | USD 11.00 | USD 26.00 |
| Shenzhen Stock Exchange Alternative Display Top of Book (L1) 4 | USD 30.00 | N/A |
| Shenzhen Stock Exchange (Mainland China residents) 5, 7 | USD 5.50 | USD 5.50 |
Hong Kong
| Region/Exchange | Non-Pro Fees/month | Pro Fees/month |
|---|---|---|
| Hang Seng Indexes | HKD 15.00 | HKD 15.00 |
| Hong Kong Derivatives (Fut & Opt) Top of Book (L1) | HKD 25.00 | HKD 25.00 |
| Hong Kong Derivatives (Fut) Depth of Book (L2) | HKD 100.00 | HKD 100.00 |
| Hong Kong Securities Exchange (Stocks, Warrants & Bonds) Top of Book (L1) | HKD 130.00 | HKD 130.00 |
| Hong Kong Securities Exchange (Stocks, Warrants & Bonds) Depth of Book (L2) | HKD 225.00 | HKD 225.00 |
India
| Region/Exchange | Non-Pro Fees/month | Pro Fees/month |
|---|---|---|
| National Stock Exchange of India, Capital Market Segment, Top of Book (L1) 10 | Fee Waived | Fee Waived |
| National Stock Exchange of India, Capital Market Segment, Depth of Book (L2) 10 | Fee Waived | Fee Waived |
| National Stock Exchange of India, Futures and Options Segment, Top of Book (L1) 10 | Fee Waived | Fee Waived |
| National Stock Exchange of India, Futures and Options Segment, Depth of Book (L2) 10 | Fee Waived | Fee Waived |
Japan
| Region/Exchange | Non-Pro Fees/month | Pro Fees/month |
|---|---|---|
| Chi-X | JPY 100.00 | JPY 100.00 |
| Osaka Exchange Top of Book (L1) 1 | JPY 200.00 | JPY 1500.00 |
| Osaka Exchange Depth of Book (L2) 1 | JPY 400.00 | JPY 2200.00 |
| Tokyo Stock Exchange Top of Book (L1) | JPY 300.00 | JPY 3000.00 |
Singapore
| Region/Exchange | Non-Pro Fees/month | Pro Fees/month |
|---|---|---|
| Singapore Exchange (SGX) – Derivatives Top of Book (L1) | SGD 2.00 | SGD 2.00 |
| Singapore Exchange (SGX) – Stocks Top of Book (L1) | SGD 12.009 | SGD 12.009 |
South Korea
| Region/Exchange | Non-Pro Fees/month | Pro Fees/month |
|---|---|---|
| Korea Stock Exchange Depth of Book L2 | USD 2.00 | USD 57.00 |
Notes:
- Includes Derivatives and Indices.
- Allows subscribers to see true NBBO when also subscribed to ASX Total Depth of Book.
- 5 second snapshot data for bid/ask and last.
- Real-time last with 3 second bid/ask snapshot data.
- Real-time last with 3 second bid/ask snapshot data and market depth.
- For clients who have accounts registered outside of Mainland China.
- For clients who have accounts registered inside Mainland China.
- For each subscriber the account must generate at least USD 5 in commissions per month to have the monthly fee waived for all users.
- Price increase from SGD 11.00 to SGD 12.00 effective March 1, 2018.
- Services only available for Indian Residents.
South Africa
| Region/Exchange | Non-Pro Fees/month | Pro Fees/month |
|---|---|---|
| Johannesburg Stock Exchange | USD 10.00 | USD 36.50 |
Notes:
- Accounts will be assessed a separate market data subscription fee for each user that subscribes to data. Subscriptions are charged on a per username basis and subscriptions cannot be shared between usernames even if they are on the same account.
- Market data fees for each month will be charged to your account during the first week of the subsequent month. Beginning February 12, 2018 new individual accounts will be charged at the time of service activation and the beginning of each subsequent month for the upcoming month.
- Customers without enough cash to pay market data fees will have positions liquidated to cover the fees. Those customers without enough equity to pay market data fees will have their remaining equity applied to the market data fees, and then the account will be closed.
- Partial month subscriptions will be charged at the full month's rate.
- Requests to unsubscribe to market data which are received after midnight ET will be processed with an effective date of the following day.
- There is no cap on the quantity of market data lines allocated per customer.
- Market data for Advisors and Brokers is calculated based on aggregate commissions and equity for all accounts, and all accounts receive the same number of market data lines.
- Advisors and Brokers without any funds in their master account to cover their market data fees will have their market data turned off until there are funds in the master account to cover market data fees.
- Trading accounts with less than USD 500 (or non-USD equivalent) in equity will have their market data turned off. In the event market data is turned off, the account equity must be increased to USD 2,000 (or non-USD equivalent) before market data will be re-enabled.
- Residents of Chicago, IL will be subject to a Chicago Personal Property Tax on select research subscriptions. For additional information, please refer to the following link https://ibkr.info/article/2964.
- Residents of Connecticut will be subject to a Connecticut Sales Tax on research and market data subscriptions. For additional information, please refer to the following link https://ibkr.info/article/2973.
Market Data Display
How Market Data is Allocated
In order to receive real-time market data, customers must be a subscriber to market data. All clients initially receive 100 concurrent lines of real-time market data (which can be displayed in TWS or via the API) and always have a minimum of 100 lines of data. After the first month of trading, the quantity of market data is allocated using the greater value of:
- USD monthly commissions divided by 8
- USD equity multiplied by 100 divided by $1,000,000
(rounded down to the nearest integer) - 100
- Example 1:
In month two, your account shows the following values: USD Monthly Commissions: $16, USD Equity: $950,000
Using the calculations above, you would still receive the minimum 100 lines of data, since: $16/8 = 2
$950,000 x 100 / $1,000,000 = 95 - Example 2:
In month three, your account shows the following values: USD Monthly Commissions: $500, USD Equity: $1,245,000
Using the calculations above, you would receive 124 lines of data, since: $500/8 = 62.5
$1,245,000 x 100 / $1,000,000 = 124.5, rounded down to 124.
The number of symbols that can be viewed simultaneously via the TWS deep book windows (including BookTrader, Market Depth and ISW) is determined as follows: one unique symbol for every 100 allowed lines of market data, with a minimum of three and a maximum of 60. For example, a client with the default allowance of 100 tickers will be able to simultaneously view three deep book windows. A client who, based on commissions, equity or other criteria, is allowed 500 tickers will be able to simultaneously view five deep book windows. Note that this number may change month to month if the number of allowed tickers for your account changes.
Snapshot
A Snapshot subscription allows users the ability to request a singular instance, non-streaming quote of market data for an individual stock. Snapshot quotes do not update and do not refresh on their own. They are an alternative to streaming quotes as users are charged on a per request basis as opposed to a monthly flat fee. Charges for Snapshot requests are typically USD 0.01 and are capped when the dollar value of requests for a certain Network reaches the dollar value of the respective Network streaming service.
Sample Snapshot Caps:
| Listed Network Feed | Price per Snapshot Quote | Subscriber Status | Capped Snapshot | Streaming Service Activated |
|---|---|---|---|---|
| AMEX (Network B/CTA) | USD 0.01 | Non-Pro | 150 | AMEX (Network B/CTA) (NP,L1) |
| AMEX (Network B/CTA) | USD 0.01 | Pro | 2300 | AMEX (Network B/CTA) (P,L1) |
| NASDAQ (Network C/UTP) | USD 0.01 | Non-Pro | 150 | NASDAQ (Network C/UTP) (NP,L1) |
| NASDAQ (Network C/UTP) | USD 0.01 | Pro | 2300 | NASDAQ (Network C/UTP) (P,L1) |
| NYSE (Network A/CTA) | USD 0.01 | Non-Pro | 150 | NYSE (Network A/CTA) (NP,L1) |
| NYSE (Network A/CTA) | USD 0.01 | Pro | 4500 | NYSE (Network A/CTA) (P,L1) |
Quote Booster
Increase your allowance of simultaneous quotes windows by purchasing monthly Quote Booster packs at USD 30.00 per pack.
- Each booster pack provides 100 simultaneous Level I quotes. Booster Pack quotes are additional to your monthly quote allotment from all sources, including commissions.
- Booster pack quotes are available for use in the desktop systems and in the API.
- Once subscribed, quotes are available immediately and will display the next time you log into the system.
- Data from a cancelled booster pack subscription remains available through the end of the current billing cycle.
- Limit of 10 Quote Booster packs per account.
Contact Us
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Disclosures
- * FREE TRIAL - Receive free for a 30 day period from date of subscription. The free trial subscription will terminate once the 30 day period is over. Once the trial data has terminated, the account may elect to re-subscribe to continue receiving the data. Should the trial data terminate mid-month and the election is made to re-subscribe, a full month charge will be levied as the exchanges do not prorate fees. For example, an account subscribing to a service subject to a free trial on October 15 will receive data for free until November 14. Should the account wish to continue receiving data past the 14th, the account must log into Account Management and re-subscribe once the data has terminated. The re-subscription will result in a full month charge for November. This data will then continue until the account unsubscribes from the service.
- Market Data and Research Subscription Termination - If you do not log into Trader Workstation (TWS) for 60 days, you will be notified that your active market data and research subscriptions will expire at the end of the current month. You can avoid subscription termination by logging into TWS or by choosing to continue the subscriptions on the Market Data and Research pages in Account Management.
- Market data subscription costs will not be pro-rated. Users who subscribe to or unsubscribe from data mid-month will be charged at the full month rate.
- $7 fee assessed on months that commissions total less than $30.
- $3 fee assessed on months that commissions total less than $30.
Non-Professional Subscriber - A "Non-professional Subscriber" is any natural person (the definition of a natural person excludes corporations, trusts, organizations, institutions and partnership accounts) whom a market data vendor has determined qualifies as a "Nonprofessional Subscriber" and who is not:
- Registered or qualified with: the Securities and Exchange Commission, the Commodities Futures Trading Commission, any state securities agency, any securities exchange or association, or any commodities or futures contract market or association, nor
- Engaged as an "investment advisor" as that term is defined in Section 201(11) of the Investment Advisor's Act of 1940 (whether or not registered or qualified under that Act), nor
- Employed by a bank or another organization that is exempt from registration under Federal and/or state securities laws to perform functions that would require him or her to be so registered or qualified if he or she were to perform such functions for an organization not so exempt.
Any person who does meet the above criteria (a, b, & c) is considered a Professional Subscriber.