Market Info

Accessing the Small Exchange®

To trade the Small Exchange markets, individual traders will need to have a relationship with a Clearing Member either directly or through an intermediary, such as an Introducing Broker.

Organizations wanting to connect to the Exchange can do so through direct market access or an independent software vendor (ISV). All direct access Participants are required to certify with the Exchange. Additional information on connectivity can be found on the Info Hub.

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Extranets, ISVs, and Market Data Partners

The below firms provide services to the exchange.

Barchart

Barchart is a leading provider of market data and services to the global financial, media, and commodity industries. Our diversified client base trusts Barchart’s innovative Solutions across data, software, and technology to power their operation from front to back office, while our Media brands enable financial and commodity professionals to make decisions through web content, news, and publications. For more information, please visit www.barchart.com/solutions.

Exchange Services:

Market Data Provider

Contact:

Colleen Sheeren – Head of Marketing
312-283-2375


CQG

CQG creates innovative technology solutions for the financial markets. For Forty years, we've developed new technologies, offering real-time historical data integrated with graphics, technical analysis tools, and trading. Our trading applications offer features specific to the professional trader's needs. CQG's innovations have become industry standards.

Exchange Services:

ISV and Market Data Provider

Contact:

www.cqg.com | askcqg@cqg.com


CyrusOne

CyrusOne As the colocation partner to the Small Exchange, CyrusOne’s Aurora campus continues to become the world’s preeminent da center campus for the financial markets. 

The 65-acre site is master planned for 3 buildings with interconnection options to major futures platforms, multiple public cloud providers, nearly 30 telecom carriers, and a wireless tower.

Powered by an onsite power substation, we offer trading firms scalable power and space to support mission critical IT platforms and HPC environments.

Exchange Services:

Colocation and Interconnection

Contact:

cyrusone.com | thesmallexchange@cyrusone.com


DTN

DTN has been a leader in the delivery of time-sensitive market information for over 35 years.  Now a global company with customers in over 100 countries, DTN’s IQFeed and ProphetX services provide streaming tick data, deep historical data, and real time news to everyone from individual active traders to the largest financial and commodity industry institutions.  IQFeed is compatible with over 30 commercial software applications or you can use the API to build your own.  If you are an energy trader, ProphetX is for you. For a free trial: www.iqfeed.net or www.prophetx.com.

Exchange Services:

Market Data Provider

Contact:

www.dtn.com | 800-475-4755 | sales@iqfeed.net


dxFeed

dxFeed is a market data services and solutions provider that distributes low-latency data from major exchanges in North America, Europe, and around the world. dxFeed streams, stores, and extracts the ever-growing volume of tick-level market data for buy-side and sell-side financial institutions. Besides that, dxFeed has developments in the index management field, iceberg order detection, visualization of data in the augmented reality, offers market screener and other visual and technical analysis technology.

Exchange Services:

Market Data Provider

Contact:

www.dxfeed.com | (201) 685-9280


Equinix

Equinix operates the world’s most connected data centers in 52 markets across five continents that are home to vast ecosystems within financial services, network, cloud, content and more.  Equinix connects the world’s leading businesses to their customers, partners and employees in a seamless global platform that allows you to reach anyone on demand. 

Exchange Services:

Colocation and Interconnection

Contact:

www.equinix.com


ICE

ICE provides marketplace infrastructure, data services and technology solutions to a broad range of customers including financial institutions, corporations and government entities. They operate regulated marketplaces for the listing, trading and clearing of a broad array of derivatives contracts and financial securities across major asset classes. Their comprehensive data services offering supports the trading, investment, risk management and connectivity needs of customers around the world and across asset classes.

Exchange Services:

Market Data Provider

Contact:

www.theice.com/contact-us/connectivity


Lumen

For businesses looking for access to financial market data, Lumen Financial Connect provides real-time delivery of raw market data.  Lumen provides a fully managed end to end solution over a high performance, diverse, low latency network with direct connections to many of the top Financial Exchanges globally.  Financial connect provides an adaptable solution allowing scalability due to rapid market fluctuations and  a simplified pricing model which enables manageable and predictable budgeting. Lumen Financial Connect is supported by our Financial Desk and Global Exchange Managers who have 25+ years of experience within the Financial Markets.

Exchange Services:

Extranet Provider

Contact:

Alicia VanDeVeer | gems@lumen.com


Refinitiv

Refinitiv is one of the world’s largest providers of financial markets data and infrastructure, serving over 40,000 institutions in approximately 190 countries. It provides leading data and insights, trading platforms, and open data and technology platforms that connect a thriving global financial markets community - driving performance in trading, investment, wealth management, regulatory compliance, market data management, enterprise risk and fighting financial crime. For more information visit: www.refinitiv.com.

Exchange Services:

Market Data Provider

Contact:

www.refinitiv.com | https://www.refinitiv.com/en/contact-us


Rithmic

Rithmic puts your trades first. Whether you are part of a prop shop or are a professional trader, Rithmic's trade execution software delivers to you the low latency and high throughput performance formerly seen only by the very large trading houses and boutique hedge funds.

Exchange Services:

ISV and Market Data Provider

Contact:

https://yyy3.rithmic.com/ | support@rithmic.com


Hours and Calendar

All markets trade Monday through Friday from 7:00 AM to 4:00 PM CT, with adjusted hours of 7:00 AM to 3:00 PM CT on expiration, with the exception of SMO. Markets open for quoting on a pre-open basis at 6:30 AM CT, transition to a pre-open, no-cancel state at 6:59 AM CT, and then open for trading at 7:00 AM CT. More information on the trading sessions can be found on the Market States section of the Info Hub.

Each product trading on the Small Exchange has two months available for trading: the front month and the back month.

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Market Holidays

The Small Exchange will observe the following holiday schedule. 2021 Holidays displayed are tentative until announced.

U.S. Holiday

Date

Exchange Hours

Dr. Martin Luther King, Jr.

Monday, January 17, 2022

Closed

President’s Day

Monday, February 21, 2022

Closed

Good Friday

Friday, April 15, 2022

Closed

Memorial Day

Monday, May 30, 2022

Closed

Juneteenth

Monday, June 20, 2022

Closed

Independence Day

Monday, July 4, 2022

Closed

Labor Day

Monday, September 5, 2022

Closed

Thanksgiving

Thursday, November 24, 2022

Closed

Friday after Thanksgiving

Friday, November 25, 2022

7:00 AM - 12:00 PM CT

Fee Schedule

The Small Exchange has made a concerted effort to make our markets accessible to all traders. Therefore, our fees are materially lower than traditional exchanges. Also, we don't distinguish between professional and non-professional traders who wish to receive our market data, so you won’t be charged more money because of your account type or job!

The Small Exchange reserves the right to waive some or all fees and costs associated with membership and to provide other incentives to Participants to ensure that the Exchange provides a competitive and efficient market for its products.  Firms wanting to offer Small Exchange markets to their customers can contact business@thesmallexchange.com for more information. 

The fees listed below are in USD and are only the fees charged by the Small Exchange.  Additional clearing fees are assessed by the OCC and market data subscribers may be subject to set-up costs or fees from your market data provider.  

Individual Community Membership Holder

A Lifetime Subscription

Introductory Price

$100

ONE TIME FEE

LOW COST FEE

Transaction Fee

$0.07

Per Contract

FREE OPTION

Market Data Fee

$0

Waived for two years!

Member Application Fees

Annual Membership Fees

Clearing Members

Waived until June 1, 2022

Clearing Members

Waived until June 1, 2022

Corporate Members

Waived until June 1, 2022

Corporate Members

Waived until June 1, 2022

Transaction Fees

Non-Community Member

$0.15/contract

Market Makers

$0.05/contract

Connectivity Fees

Connection Fees

Waived until June 1, 2022

Cross Connect Fees

$250/month pass through fee from CyrusOne for a cross connect in Aurora, Illinois for new connections as of June 30, 2021. For Equinix cross connect pass through fees, refer to your Equinix fee schedule for new connections as of June 30, 2021. Otherwise waived until June 1, 2022.

FIX Connect Data Drop Fee

Waived until June 1, 2022