However, as a client of ours, you have access to delayed market data on listed securities on which you can trade.

An online subscription tool is available on the trading platform to request the desired live market data. There you will find the list of exchanges available together with the news services, with the applicable monthly fees. You can subscribe and unsubscribe to the services of your choice.

Subscriptions levels

Some of the exchanges might offer Level 1 only or also the Level 2 market data. With the Level 1 subscription, you receive the first level of the order book on the exchange: you can see real-time, bid/ask quotes and their sizes/volumes. With the Level 2 subscription, you can see not only the top of the book, but also the market depth of bid/ask prices and the size available at each price point.

Subscription costs

As soon as you subscribe to your chosen service, your account will be debited for the cost of subscription for a full calendar month, whatever date you subscribe.

Some exchanges (especially US equities and CFDs) require subscribers to renew their information bi-annually. Before the expiry date, you will be notified via the platform regarding the renewal of a subscription.

Professional or Non-Professional

In order to obtain Live Market Data Fees on listed products, independently of whether a cost is applied or not, each user must subscribe to the Exchanges of interest and go through the assessment profile to define the type of categorization (if Professional or non-Professional). The final result will determine the type of fee that will be applied. Subscriptions must be done personally by each user. The finality is not to assess the account type but the person accessing and using the market data.

The Exchanges have strict criteria to classify professional and non-professional investors, and these are not necessarily linked to the actual use of the account. These include, among them, the type of profession, company by which the subscriber is employed or the role on the account. They can lead to a professional classification of the subscriber, despite the fact that the account is not used professionally. Vendors and banks must diligently apply these rules and monitor that the classification of each user is compliant with the provisions of the exchanges.

For this reason, if the self-classification given by a subscriber is not reflecting the definition given by the exchange or personal data are missing (such as name, surname, profession), Cornèrtrader has the right at any point in time to amend the data, cancel the original subscription and/or adjust it to the correct segmentation, without prior notice. In this case, the monthly fee will be charged according to the correct segment.

Generally, non-Professionals are intended to be only private individuals using the data for personal investments. However, for most of the Exchanges worldwide (included Swiss, Europeans and Americans) private individuals, who are working in the financial sector, employed by a financial institution, independently of the job performed, or whose activity can be qualified as financial advisory (this can be typically the case of independent financial advisors) are categorized as professionals.

Corporates are categorized as Professional, regardless of the type and purpose of the subscription.
Before subscribing, please refer to the rules of each Exchange available in the subscription tool on the platforms and read the criteria applied to them. In this process, Cornèrtrader cannot influence in any way the segmentation rules as defined by the exchanges and must apply these very strictly.