Market Info

Accessing the Small Exchange

Accessing the Small Exchange

To trade the Small Exchange products, 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.

Extranets, ISVs, and Market Data Partners

The below firms provide services to the exchange.

Service Provider

Exchange Services

Contact

Service Provider

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

Service Provider

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

Service Provider

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

Exchange Services

Colocation and Interconnection

Contact

cyrusone.com | thesmallexchange@cyrusone.com

Service Provider

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

Service Provider

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

Service Provider

Equinix operates the world’s most connected data centers in 52 markets across five contents 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

Service Provider

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

Hours and Calendar

All products trade Monday through Friday from 7:00 AM to 4:00 PM CT. 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.

October 2020
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Market Holidays

The Small Exchange will observe the following holiday schedule. The Small Exchange will not be open for trading on these days.

U.S. Holiday

Date

U.S. Holiday

Memorial Day

Date

Monday May 25, 2020

U.S. Holiday

Independence Day

Date

Friday July 3, 2020

U.S. Holiday

Labor Day

Date

Monday September 7, 2020

U.S. Holiday

Thanksgiving

Date

Thursday November 26, 2020

U.S. Holiday

Christmas Day

Date

Friday December 25, 2020

Fee Schedule

The Small Exchange has made a concerted effort to make our products 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 products 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 Subscription Holder

Amount

Individual Subscription Holder

Introductory Price

Amount

One time $100 fee

Individual Subscription Holder

Transaction Fee

Amount

$0.07/contract

Individual Subscription Holder

Market Data Fee

Amount

FREE!

Transaction Fees

Amount

Transaction Fees

Non-Subscriber

Amount

$0.15/contract

Transaction Fees

Market Makers

Amount

$0.05/contract

Market Data Fee

Market Data Fee

Waived for two (2) years†

Connectivity Fees

Amount

Connectivity Fees

Connection Fees

Amount

Waived for the 1st year†‡

Connectivity Fees

Cross Connect Fees

Amount

Waived for the 1st year†‡

Connectivity Fees

FIX Connect Data Drop Fee

Amount

Waived for the 1st year†‡

Member Application Fee

Amount

Member Application Fee

Clearing Members

Amount

$250†

Member Application Fee

Corporate Members

Amount

$250†

Annual Membership Fee

Amount

Annual Membership Fee

Clearing Member

Amount

$5,000†

Annual Membership Fee

Corporate Member

Amount

$5,000†

†Waived for the first year. Qualifications: for Participants who are facilitating orders to the Exchange within 90 days of the Exchange’s first trade

‡The first two (2) connections are free for participants meeting the Qualifications. Additional connections are subject to additional costs.