The below changes are in reference to market data reporting. We apologize for the short notice but these policy changes will take effect December 1, 2019 for the billing statement that users will receive in early January 2020.
- Users will be charged for market data regardless if they login during the month. This will apply to all exchanges.
- Users will be charged the higher market data rate if they change market data selections during the month. For example, if a user switches from "Depth" to "Top of Book" the user will be charged "Depth" rates. The same applies if a user were to change from "Pro" to "Non Pro," the higher rate will apply.
- Users must be deleted by a firm admin or market data removed from the setup in order to not be charged.
If you would like to remove or change your market data settings, please log in to www.t4login.com with your firm, username, and password. Once logged in, click the "Setup Market Data" link on the left side of the page, make your selections, and click the "Save and Continue" button when finished. The only selections that will not incur a market data fee on a monthly basis are "None" and "Delayed."
You may also ask your clearing firm for help making these changes or any other changes to your user. Please note that CTS is not allowed to make these changes on your behalf.