US Reg NMS Snapshot Market Data Service

Overview: 

Beginning in March 2017, we will be giving clients the ability to request snapshot quotes for NYSE (Network A/CTA), AMEX (Network B/CTA), and NASDAQ (Network C/UTP) listed issues. The price for a snapshot quote will be 0.01 USD and will be charged for each snapshot quote. At the close of the month, the snapshot counter will reset. 

 

Table of contents

 

Background:

Some exchanges offer a pricing structure for clients who wish to see a single quote at a particular moment and not have their quotes update on a streaming basis. These requests are called snapshots. Snapshots are typically utilized by traders who wish to keep costs as low as possible and want to know the NBBO (National Best Bid and Offer) for a specific moment to make their trading decisions. In general, pricing for snapshot quotes are 0.01 USD or 0.01 EUR depending on the exchange location.

 

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Pricing Details:

Clients will be charged for each snapshot until they cap out at the price of the streaming quote service. Once you are capped, you will be switched to the streaming quote service[1] for the remainder of the calendar month at no charge. The switch to streaming quotes will take place at approximately 18:30 EST the following business day after reaching the snapshot threshold. At the close of the month, the streaming service will automatically terminate and the snapshot counter will reset. Each listing exchange will be capped independently and will not be combined across listing exchanges.

Listed Network Feed
Price per
Snapshot Quote
Subscriber
Status
Capped
Snapshot
Streaming Service Activated
AMEX (Network B/CTA) 0.01 USD Non-Pro 150 AMEX (Network B/CTA) (NP,L1)
AMEX (Network B/CTA) 0.01 USD Pro 2300 AMEX (Network B/CTA) (P,L1)
NASDAQ (Network C/UTP) 0.01 USD Non-Pro 150 NASDAQ (Network C/UTP) (NP,L1)
NASDAQ (Network C/UTP) 0.01 USD Pro 2300 NASDAQ (Network C/UTP) (P,L1)
NYSE (Network A/CTA) 0.01 USD Non-Pro 150 NYSE (Network A/CTA) (NP,L1)
NYSE (Network A/CTA) 0.01 USD Pro 4500 NYSE (Network A/CTA) (P,L1) [2]

Notes:

1. Clients can subscribe to a regular streaming service while choosing delayed + snapshot data for another service.

2. Billed by Interactive Brokers.

 

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Desktop Trading - TWS (Classic):

If you have delayed data displayed and subscribed to the snapshot permissions, under the column Ticker Action[1] you would see a button for Snapshot:


 

When clicking the Snapshot button, it will populate a quote details window. The quote details window will generate a timestamp the moment the NBBO quote is received for that symbol along with the NBBO information:


 

In the Quote Details Window clicking the Refresh[2] link will update the the NBBO quote.

Note:

1. At this time, it is not possible to remove the Ticker Action column permanently.

2. Each time you click refresh on the quote window or select a snapshot quote, an additional charge of 0.01 USD will incur on your monthly statement. If you reach the snapshot cap limit, the related delayed quote line will become a streaming quote line.

 

Example:

In the above case, GOOG is a NASDAQ (Network C/UTP) listed stock. There will be a charge of 0.01 USD per query (a snapshot).

  • Non-Professionals can request another 149 snapshots for GOOG or any other NASDAQ (Network C/UTP) listed shares, before it turns into streaming quotes.
  • Professionals can request another 2,299 snapshots for GOOG or any other NASDAQ (Network C/UTP) listed shares, before it turns into streaming quotes.

You will only be charged for the snapshots until the cap amount. Once the snapshot limit is reached, no further charges will be applied for the rest of the month and will begin receiving streaming quotes for that Network.

 

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Desktop Trading - TWS (Mosaic):

If you have delayed data displayed and subscribed to the snapshot permissions, when selecting a row in the Monitor tab, the Order Entry window will display an option to request a Snapshot.


 

Clicking the +SNAPSHOT link will populate a quote details window. The quote details window will generate a timestamp the moment the NBBO quote is received for that symbol and will populate the NBBO information:


 

In the Quote Details Window clicking the Refresh[1] link will update the the NBBO quote.

Note:

1. Each time you click refresh on the quote window or select a snapshot quote, an additional charge of 0.01 USD will incur on your monthly statement. If you reach the snapshot cap limit, the related delayed quote line will become a streaming quote line.

 

Example:

In the above case, GOOG is a NASDAQ (Network C/UTP) listed stock. There will be a charge of 0.01 USD per query (a snapshot).

  • Non-Professionals can request another 149 snapshots for GOOG or any other NASDAQ (Network C/UTP) listed shares, before it turns into streaming quotes.
  • Professionals can request another 2,299 snapshots for GOOG or any other NASDAQ (Network C/UTP) listed shares, before it turns into streaming quotes.

You will only be charged for the snapshots until the cap amount. Once the snapshot limit is reached, no further charges will be applied for the rest of the month and will begin receiving streaming quotes for that Network.

 

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Web Trading - WebTrader:

If you have delayed data displayed and subscribed to the snapshot permissions, on the Market Tab under the column Additional Data you would see a button for Snapshot:


 

When clicking the Snapshot button, will populate a quote details window. The quote details window will generate a timestamp the moment the NBBO quote is received for that symbol:


Note: There is no option to refresh the snapshot quote. You will have to click OK to close the window and then click the Snapshot button again to generate a new quote details window.

 

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Mobile Trading - IB TWS app:

On the Quote Screen tapping on a Symbol will expand the quote box. If you have delayed data displayed and are subscribed to the snapshot permissions you will see a link for Snapshot:


When tapping the Snapshot link, it will populate a quote details window. The quote details window will generate a timestamp the moment the NBBO quote is received for that symbol along with the NBBO information:


Note: 
There is no option to refresh the snapshot quote. You will have to click Close to close and then tap the Snapshot link again to generate a new quote details window.

 

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For information regarding subscription considerations for U.S. market data (Non-Professionals), please see KB2840.