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Market Data Licensing

Home> Market Data Licensing

License Information

  • General

    Category Category Code Description
    SSE Market Data, excluding Derivatives Category_1L1

    Level-1 market data. Vendor can disseminate the information through all the channels with password or access control.

    License Fee: US $40,000 per annum plus
    Monthly Subscriber Fee: Refer to the Fee Schedule at the bottom of this page (Minimum: US$800)

    Category_21

    Level-1 market data. Vendor can disseminate the information through free open channels, including interactive and non-interactive devices, such as website and mobile apps, one license covers all free open channels owned by the vendor. The service can only provide to individual investors. In addition, the service should update upon request or with update frequency less than once per minute

    Note: Maximum 20 securities prices can be displayed on one screen at the same time.

    License Fee: US$60,000 per annum

    Category_22

    Level-1 market data. Vendor can disseminate the information through website/app, TV broadcast or pager with password or access control. License fee is applied for all channels. The service can only provide to individual investors.

    License Fee: US$30,000 per annum plus
    Monthly Subscriber Fee: Refer to the Fee Schedule at the bottom of this page (Minimum: US$800)

    Category_1L2

    Level-2 and Level-1 market data . Vendor can disseminate the information through all the channels with password or access control.

    License Fee: US$60,000 per annum plus
    Monthly Subscriber Fee: Refer to the Fee Schedule at the bottom of this page (Minimum: US$800) 

    SSE Derivatives Market Data Category_SO

    Stock options market data .Vendor can disseminate the information through all the channels with password or access control only.

    License Fee: US$20,000 per annum plus
    Monthly Subscriber Fee: Refer to the Fee Schedule at the bottom of this page

    China Indices Market Data Category_61

    China Indices market data . Vendor can disseminate both real time data and fundamental data through all the channels with password or access control.

    License Fee: US$6,000 per annum
    Monthly Subscriber Fee: Refer to the Fee Schedule at the bottom of this page (Minimum: US$300)

    Category_61C

    China Indices market data . Vendor can disseminate both real time data and fundamental data through all the channels with password or access control.

    License Fee: US$6,000 per annum
    Monthly Subscriber Fee: 
    Inside Mainland China US$5,000 per annum
    Outside Mainland China: Refer to the Fee Schedule at the bottom of this page (Minimum: US$300)

  • For Mainland Vendors (who have SSE Market Data License issued by SSE Infonet Ltd.)

    Category Category Code Description
    SSE Market Data , excluding Derivatives Category_1NM 

    Level-1 market data. Vendor can disseminate the information through all the channels with password or access control.

    License Fee: US$6,500 per annum plus
    Monthly Subscriber Fee: Refer to the Fee Schedule at the bottom of this page (Minimum: US$800)

    Category_1NMR

    Level-1 market data. Vendor can disseminate the information through all free open channels.

    Note: The service should not be subject to User ID & password control. In addition, the service should update upon request or with update frequency less than once per minute

    License Fee: US $20,000 per annum

    Category_2NM

    Level-2 and Level-1 market data. Vendor can disseminate the information through all the channels with password or access control.

    License Fee: US$6,500 per annum plus
    Monthly Subscriber Fee: Refer to the Fee Schedule at the bottom of this page (Minimum: US$800)  

    SSE Derivatives Market Data

    Category_SO

    Stock options market data. Vendor can disseminate the information through all the channels with password or access control only.

    License Fee: US$20,000 per annum plus
    Monthly Subscriber Fee: Refer to the Fee Schedule at the bottom of this page

  • For Direct Connection End Users

    Category Category Code Description

    SSE Market Data , excluding Derivatives

    Category_X

    Level-2 and Level-1 market data. End users receive the information from CIIS directly. End users can only disseminate the information for internal usage.

    Note: If end user uses the data for non-display usage purposes, datafeed usage fee will be incurred in addition to license fee and monthly subscriber fee with effective from 1st July 2015.

    License Fee: US$40,000 per annum plus
    Monthly Subscriber Fee: Refer to the Fee Schedule at the bottom of this page (Minimum: US$800)

    SSE Market Data , excluding Derivatives

    Category_XM

    Level-2 and Level-1 market data. End users receive the information from CIIS and SSE InfoNet Ltd. directly at the same time. End users can only disseminate the information for internal usage.

    License Fee: US$80,000 per annum plus
    Monthly Subscriber Fee: Refer to the Fee Schedule at the bottom of this page (Minimum: US$800)

    SSE Derivatives Market Data

    Category_SO

    Stock options market data. Vendor can disseminate the information through all the channels with password or access control only.

    License Fee: US$20,000 per annum plus
    Monthly Subscriber Fee: Refer to the Fee Schedule at the bottom of this page

  • For Media

    Category Category Code Description

    SSE Market Data , excluding Derivatives

    Category_23

    Level-1 market data (without market depth). Vendor can display SSE market data on devices without interactive function, such as TV, online TV, pager, SSE listed companies' websites, etc. The information displayed is controlled by the provider, not chosen or requested by the audience or receiver.

    Note: Maximum 20 stock prices (without market depth) can be displayed on screen at the same time.

    License Fee: US$15,000 per annum
    Channel Fee:
    TV Broadcast: US$5,000 per annum
    Internet and/or Mobile network: US$5,000 per annum
    Other: US$5,000 per annum
    (Maximum: US$15,000)

    China Indices Market Data

    Category_62R 

    China Indices market data. The service should not be subject to user ID & password control, and the service should update upon request or with update frequency less than once per minute.

    License Fee: US$6,000 per annum plus
    Per Website/WAP/App: US$4,000 per annum

    Category_62T

    China ndices market data. The service should not be subject to user ID & password control, and the service should update upon request or with update frequency less than once per minute.

    License Fee: US$6,000 per annum plus
    Per TV Channel/pager: US$2,000 per annum (Note: TV broadcast through internet will be considered as website)

  • Basic Market Data Distribution

    Category Category Code Description

    Basic Market Data Distribution

    Category_BMP

    Basic market data of all the securities derivatives market data is excluded traded on Shanghai Stock Exchange and China Indices on one website. The service can only provide to individual investors.

    License Fee: US$3,000 per URL per Website per annum plus
    Subscriber Fee: Refer to the Fee Schedule at the bottom of this page

    Note: License fee includes the subscriber fees of the first 300,000 quotes.

  • Third Party Website Service (Framing Service)

    Third party website service is the provision of delayed SSE Level-1 and/or China Indices market data services by a licensed vendor on a third party website. Only licensed vendor is eligible to apply for this service.

    Category Category Code Description

    SSE Market Data , excluding Derivatives

    Category_TP21 

    Level-1 market data , with same restrictions as Category_21.

    Note: Vendors must have one of the following SSE market data licenses: Category_1L1, Category_1L2, Category_21, Category_22, Category1_NM, Category2_NM.

    License Fee: US$60,000 per URL per Website per annum

    Category_TPCCEP

    Level-1 data of northbound eligible stocks under Shanghai Hong Kong Stock Connect. The licensed IV can only provide the terminal to China Connect Exchange Participants, and the terminal must be controlled and entitled by the IV. Password or access control is required.

    Monthly Subscriber Fee:
    US$24 per subscriber;
    US$5 per subscriber (for individual investor only);
    US$5 per portable device
    (Minimum: US$1,000 per CCEP)

    Note:
    1. Monthly Subscriber Fee will be capped at US$1,000 for the period from 1st January 2017 to 30th June 2018.)
    2. The subscriber fee of Mainland China investor is waived.

    China Indices Market Data

    Category_TP62R

    China Indices market data with same restrictions as Category_62R.

    Note: Vendors must have any one of the following China Indices licenses: Category_61, Category_61C, Category_62R.

    License Fee: US$4,000 per URL per Website per annum

    SSE and China Indices Market Data , excluding Derivatives

    Category_TP24

    Level-1 and China Indices market data.

    Note:
    1. License fee includes the subscriber fees of the first 300,000 quotes.
    2. Vendors must have one of the following SSE market data licenses: Category_1L1, Category_1L2, Category_21, Category_22, Category1_NM, Category2_NM AND any one of the following China Indices licenses: Category_61, Category_61C, Category_62R

    License Fee: US$3,000 per URL per Website per annum plus
    Subscriber Fee: US$0.01 per Quote

    Category_TPBMP

    Basic market data of all the securities (derivatives market data is excluded) traded on Shanghai Stock Exchange and China Indices on one website. The service can only provide to individual investors.

    Note:
    1. License fee includes the subscriber fees of the first 300,000 quotes.
    2. Vendors must have one of the following SSE market data licenses: Category_1L1, Category_1L2, Category_21, Category_22, Category1_NM, Category2_NM AND any one of the following China Indices licenses: Category_61, Category_61C, Category_62R

    License Fee: US$ 3 ,000 per URL per Web site per annum plus
    Subscriber Fee:
    US$0.01 per Quote for quotes between 300,000 - 3,000,000 Plus
    US$0.005 per Quote for quotes over 3,000,000

Application Procedures

  • Real Time Datafeed Usage

    Category Category Code License Fee
    Real Time China Indices CATEGORY N1

    Algorithm trading

    License Fee: US$3,600 per annum

    CATEGORY N2

    Derived Data with Tradable Product

    Please contact CIIS for the details

    CATEGORY N3

    Other Non-Display Information Usage

    License Fee: US$360 per annum

    CATEGORY N4

    Other Datafeed Usage

    License Fee: US$360 per annum

    Real Time SSE Information CATEGORY N1

    Algorithm trading

    License Fee: US$36,000 per annum

    CATEGORY N2: 

    Derived Data with Tradable Product

    License Fee: US$36,000 per annum

    Index Creation

    Index Creation

    Please contact CIIS for the details

    CATEGORY N3

    Other Non-Display Information Usage

    License Fee: US$3,600 per annum

    CATEGORY N4

    Other Datafeed Usage

    License Fee: US$3,600 per annum

    Real Time SO Information CATEGORY N1

    Algorithm trading

    License Fee: US$18,000 per annum

    CATEGORY N2

    Derived Data with Tradable Product

    License Fee: US$18,000 per annum

    CATEGORY N3

    Other Non-Display Information Usage

    License Fee: US$1,800 per annum

    CATEGORY N4

    Other Datafeed Usage

    License Fee: US$1,800 per annum

Vendor List

  • General

    Remarks: End of Day Information is free of charge, and no pre-approval is required . End of Day information means information distributed on or after 24:00 local time of Head Licensors.

    Category Category Code Description

    SSE Market Data , excluding Derivatives

    Category_7L1

    Any party who want to redistribute delayed Level-1 market data, including publish of delayed data on websites enabling third parties access to the information, are required to apply for delayed data license before commencement of the service. For vendor with one of the following licenses, delayed license fee is not required: Category_1L1, Category_1L2, Category1_NM, Category2_NM, Category_21, Category_22, Category_TP21.


    The delayed data must be displayed together with a delay indicator or a time stamp in a prominent position so that viewers will not be misled that it is real time information.

    License Fee: US$5,000 per annum

    Category_7L2

    Any party who want to redistribute delayed Level 2 market data, including publish of delayed data on websites enabling third parties access to the information, are required to apply for delayed data license before commencement of the service. For vendor with one of the following licenses, delayed license fee is not required: Category_1L2, Category2_NM.


    The delayed data must be displayed together with a delay indicator or a time stamp in a prominent position so that viewers will not be misled that it is real time information.

    *The delayed data scope for level 2 is only limit to the following information: Previous day's closing price, today’s high/low prices , last traded price, trading volume, turnover value, ten best bid/ask prices and quantities of orders.

    License Fee: US$10,000 per annum

    SSE Derivatives Market Data

    Category_9

    Any party who want to redistribute delayed stock options market data, including publish of delayed data on websites enabling third parties access to the information, are required to apply for delayed data license before commencement of the service. For vendor with one of the following licenses, delayed license fee is not required: Category_SO.

    The delayed data must be displayed together with a delay indicator or a time--stamp in a prominent position so that viewers will not be misled that it is real time information.

    License Fee: US$2,000 per annum

    China Indices Market Data

    Category_8

    Any party who want to redistribute delayed China Indices, including publish of delayed data on websites enabling third parties access to the information, are required to apply for delayed data licenses before commencement of the service. For vendor with one of the following licenses, delayed license fee is not required: Category_61, Category_61C, Category_62R, Category_62T.

    The delayed data must be displayed together with a delay indicator or a time stamp in a prominent position so that viewers will not be misled that it is real time information.

    License Fee: US$2,000 per annum

  • Third Party Website Service (Framing Service)

    Third party website service is the provision of delayed SSE Level-1 and/or China Indices market data services by a licensed vendor on a third party website. Only licensed vendor is eligible to apply for this service.

    Category Category Code Description

    SSE Market Data , excluding Derivatives

    Category_TP7

    Delayed Level-1 market data. The delayed data can be disseminated through website, mobile app, etc. with or without access control through third party services (framing services) In addition, the delayed data must be displayed together with a delay indicator or a time stamp in a prominent position so that viewers will not be misled that it is real time information.

    Note: Vendors must have one of the following SSE market data licenses: Category_1L1, Category_1L2, Category_21, Category_22, Category1_NM, Category2_NM.

    License Fee: US$5,000 per annum

    China Indices Market Data

    Category_TP8

    Delayed China Indices market data . The delayed data can be disseminated through website, mobile app, etc. with or without access control through third party services (framing services). In addition, the delayed data must be displayed together with a delay indicator or a time stamp in a prominent position so that viewers will not be misled that it is real time information.

    Note: Vendors must have one of the following China Indices licenses: Category_61, Category_61C, Category_62R. and received the approval from CIIS before providing services, otherwise, Category 8 license fee should be applicable.

    License Fee: Fee Waiver

Document Downloads

  • China Financial Futures Exchange

    Category Category Code Description

    Real time Market Data (Redistribution outside mainland China)

    Category_CFFEX_R

    Level-1 market data of all contracts listed on China Financial Futures Exchange.

    License Fee: US$60,000 per annum plus
    Monthly Subscriber Fee: Refer to the Fee Schedule at the bottom of this page

    Category_CFFEX_R_2

    Level-2 and Level-1 market data of all contracts listed on China Financial Futures Exchange.

    Note:
    1. Only vendors who have the CFFEX real time Level-1 market data license for over one year or have SSE/SZSE real time Level 2 market data license can apply for CFFE X real time Level-2 market data license.
    2. CFFEX Level-1 IVs are allowed to redistribute CFFEX Level-1 market data in mainland China if IVs agree to pay at least US$3,000 subscriber fee per month.
    3. CFFEX Level-2 IVs are allowed to redistribute CFFEX Level-2 and/or Level-1 mark et data in mainland China if IVs agree to pay at least US$8,000 subscriber fee per month.
    4. CFFEX Level-1 and Level-2 IVs cannot redistribute CFFEX market data to indirect vendors unless the IVs have Category_CFFEX_ T license.

    License Fee: US$80,000 per annum plus
    Monthly Subscriber Fee: Refer to the Fee Schedule at the bottom of this page (Minimum: US$500)

    Delayed Market Data (Redistribution outside mainland China)

    Category_CFFEX_D

    At least 15 minutes delayed basic market data of all contracts listed on China Financial Futures Exchange. Vendor can disseminate the information through free open channels only.

    Note: Vendors cannot disseminate the information through PC and/or mobile terminal with access control unless the vendors already have real time market data license.

    License Fee: US$10,000 per annum

    Supplying Market Data to Indirect Vendor (Redistribution outside mainland China)

    Category_CFFEX_T

    Vendor can supply the information to indirect vendors.

    License Fee: US$20,000 per annum

    Offering Datafeed Service to End Users

    Category_CFFEX_DF

    Vendor can offer datafeed service to end users.

    License Fee: US$20,000 per annum

    Non-Display Usage

    Category CFFEX_NDU_1L1

    Real Time CFFEX Level-1 Information.

    Note: Please refer to the latest Non-display Usage Guideline published on our website for details

    License Fee: US$24,000 per annum

    Category CFFEX_NDU_OL1

    Real Time CFFEX Level-1 Information.

    Note: Please refer to the latest Non-display Usage Guideline published on our website for details

    License Fee: US$4,000 per annum

    Category CFFEX_NDU_1

    Real Time CFFEX Level-2 Information.

    Note: Please refer to the latest Non-display Usage Guideline published on our website for details

    License Fee: US$36,000 per annum

    Category CFFEX_NDU_Others

    Real Time CFFEX Level-2 Information.

    Note: Please refer to the latest Non-display Usage Guideline published on our website for details

    License Fee: US$6,000 per annum

  • Dalian Commodity Exchange

    Category Category Code Description

    Real time Market Data

    Category_DCE_L1

    Level-1 market data of all contracts listed on Dalian Commodity Exchange.

    License Fee: RMB300,000 per annum plus
    Monthly Subscriber Fee: Refer to the Fee Schedule at the bottom of this page

    Category_DCE_L2

    Level-2 and Level 1 market data of all contracts listed on Dalian Commodity Exchange.

    License Fee: RMB400,000 per annum plus
    Monthly Subscriber Fee: Refer to the Fee Schedule at the bottom of this page

    Delayed Level-1 Category_DCE_DL

    At least 10 minutes delayed market data of all contracts listed on Dalian Commodity Exchange.

    License Fee: RMB70,000 per annum

  • Zhengzhou Commodity Exchange

    Category Category Code Description

    Real time Market Data

    Category_ZCE_R

    Level-1 market data of all contracts listed on Zhengzhou Commodity Exchange.

    License Fee: US$45,000 per annum plus
    Monthly Subscriber Fee: Refer to the Fee Schedule at the bottom of this page

    Category_ZCE_R_2

    Level-2 and Level 1 market data of all contracts listed on Zhengzhou Commodity Exchange.

    License Fee: US$66,000 per annum plus
    Monthly Subscriber Fee: Refer to the Fee Schedule at the bottom of this page

    Delayed Market Data Category_ZCE_D

    At least 10 minutes delayed market data of all contracts listed on Zhengzhou Commodity Exchange.

    License Fee: US$12,000 per annum

    Supplying Market Data to Indirect Vendors or End Users (with effective from 1st July 2022) Category_ZCE_RD

    Vendor can 1) supply Level-1 or Level-2 market data of all contracts listed on Zhengzhou Commodity Exchange to indirect vendors; or 2) offer datafeed service with Level-1 or Level-2 market data of all contracts listed on Zhengzhou Commodity Exchange to end users. For vendor with one of the following licenses: Category_ZCE_R, Category_ZCE_R_2.

    License Fee: US$10,000 per annum

    Note: The license fee of Category_ZCE_RD will be waived until further notice but application and agreement are required.

    Non-Display Usage (With effective from 1st July 2022)

    Category_ZCE_NDU_L1

    Real Time ZCE Level-1 Information

    License Fee: US$30,000 per annum per source

    Category_ZCE_NDU_L2

    Real Time ZCE Level-2 Information

    License Fee: US$50,000 per annum per source

  • Direct Connection Fees

    Category

    Description

    Leased Line Connection

    US$10,000 per set per annum

    Virtual Machine of Cloud Testing Platformn

    US$10,000 per unit of Virtual Machine per annum

    Internet Connection

    US$3,000 per set per annum

    Through SSE InfoNet

    US$10,000 per VDE set / per unit of Virtual Machine per annum

    Additional Data Source

    One additional data source: US$7,000 per annum



Quick Download

  • Fee Schedule (v20230301)