Exchange agreements

Exchange agreements & holidays

Data subscriptions for real-time prices

At Saxo Bank all equities trade on actual market data from the stock exchanges. A subscription to the individual exchange is required to receive and trade on real-time market data.

A subscription to live price data from an exchange provides access to live prices on Stocks, Single Stock CFDs, ETFs/ETCs and CFDs on ETFs/ETCs from that exchange.

An Online Subscription Tool is available on the trading platform. This tool provides you with a list of available exchanges and news services alongside the applicable monthly fees. You will be able to subscribe and unsubscribe to the services of your choice. Further information can be found in the Subscription Tool guide, which is also available on the trading platform.

Level 1 or Level 2 data?

Level 1 price data refers to the first level of the order book on the exchange. With a Level 1 subscription you can see live, streaming, bid and offer prices.

With a Level 2 price data subscription you can see live, streaming prices as with Level 1 but in additioan to this you can view the market depth of bid/offer prices and the amounts available at each price point.

Level 1 and Level 2 Exchange Data Fees

Exchanges - CFDs and Stocks Level 1 Level 2
Private Professional Private Professional
North America & Canada
US NASDAQ1,00 USD22,00 USDOnly level 1
US Nasdaq (TotalView)Only level 214,00 USD70,00 USD
US New York Stock Exchange1,00 USD45,00 USD*Only level 1
US NYSE (AMEX and Arca)1,00 USD23 USDOnly level 1
US NYSE, AMEX and Arca (TotalView)Only level 21,00 USD6,00 USD
Canada Toronto Stock ExchangeOnly level 221,00 USD86,50 USD
Canada Toronto Stock Exchange (incl. Venture)12,00 USD56,50 USDOnly level 1
Europe / Middle East / Africa
Greece Athens Exchange1,00 EUR7 ,00 EUR5,00 EUR10,50 EUR
Spain BME Spanish Stock Exchange4,50 EUR27,00 EUR14,50 EUR51,00 EUR
Italy Borsa Italiana/Milan Stock Exchange (Stocks and Futures)0,42 EUR13,75 EUR1,2 EUR45,85 EUR
Italy Budapest Stock Exchange1,00 EUR12,00 EUR2,00 EUR22,00 EUR
Germany Deutsche Börse (XETRA)15,00 EUR59,40 EUR20,00 EUR72,13 EUR
Germany Deutsche Börse Stock Indices and ETFs (DAX)1,00 EUR6,24 EUROnly level 1
US Euronext Stock Exchange1,00 EUR63,00 EUR1,00 EUR91,00 EUR
Ireland Irish Stock Exchange5,00 EUR12,48 EUR8,00 EUR18,72 EUR
Ireland Johannesburg Stock Exchange9,20 USD33,80 USD13,00 USD48,20 USD
UK London Stock Exchange4,10 GBP43,70 GBP6,00 GBP165,05 GBP
UK London Stock Exchange (IOB)2,05 GBP24,00 GBPOnly level 1
Denmark Nasdaq OMX Copenhagen Stockholm Helsinki1,00 EUR32,00 EUR5,00 EUR60,00 EUR
Norway Oslo Børs/Oslo Stock Exchange10,00 NOKn/a100,00 NOK308,00 NOK
Czech Republic Prague Stock Exchange2,5 EUR13,00 EUR5,00 EUR23,00 EUR
Switzerland SIX Swiss Exchange6,00 CHF25,00 CHF56,00 CHF90,00 CHF
Poland Warsaw Stock Exchange9 PLN183 PLN158 PLN198 PLN
Austria Wiener Börse/Vienna Stock Exchange2,00 EUR34,00 EUR3,00 EUR44,00 EUR
Austria Wiener Börse/Vienna Stock Indices1,00 EUR8,00 EUROnly level 1
Asia / Pacific
Australia Australian Securities ExchangeOnly level 220,00 AUD70,00 AUD
Hongkong Hong Kong Stock Exchange (HKEX)120,00 HKD120,00 HKD200,00 HKD200,00 HKD
Singapore Singapore Stock Exchange10,00 SGD10,00 SGD60,00 SGD60,00 SGD
Japan Tokyo Stock Exchange (Stocks and Futures)140 JPY2,300 JPYOnly level 1


* The Price for New York Stock Exchange (NYSE) varies with the number of devices/users a client subscribes to. Example
one user under corporate client must pay USD 45,00. Two users under a corporate client must pay
2 X USD 30,00/month.


Number of devices/users on NYSEProfessional InvestorPrivate Investor
2 Devices or moreUSD 30,00USD 1.00

Data fee refund for active equity trading

For clients who trade equities and subscribe to real time market data, Saxo Bank has introduced a refund scheme where fees are refunded per exchange should clients trade a minimum of four (4) times across both stocks, ETFs and/or CFDs during each calendar month.

For the Australian Securities Exchange the minimum is six (6) trades.

Refunds are only applicable for non-professional clients subscribing to level 1 data, with the exception of the Australian Securities Exchange where the refund applies to level 2 data.

The definition of non-professional and professional subscribers may vary by exchange. Refunds are calculated on a monthly basis but paid out on a quarterly basis.

Exchange holidays

Updated 20 January 2017