NYSE Updates Fees for Proprietary Market Data
Published Date: 4/2/2026
Notice
Summary
The New York Stock Exchange is updating its fees for special market data called NYSE BBO and Trades Digital Media Enterprise Fees. These changes affect subscribers who get this data, and the new fees take effect right away. If you use or pay for this data, expect some updates to your bill starting now!
Analyzed Economic Effects
5 provisions identified: 4 benefits, 1 costs, 0 mixed.
New NYSE BBO Digital Media Fee
The NYSE created a NYSE BBO Digital Media Enterprise Fee of $40,000 per month. This license lets vendors, TV broadcasters, websites, and mobile services redistribute NYSE best-bid-and-offer (BBO) data to an unlimited number of viewers for informational, non-trading purposes.
Combined License Cuts Fee to $40K
If a subscriber wants both enterprise and Digital Media licenses for NYSE BBO (or NYSE Trades), the Exchange will allow a single combined fee of $40,000 per month instead of paying $25,000 + $40,000 (a $65,000 total). That means subscribers who use both enterprise and digital media can pay $25,000 less per month.
Less Reporting and Admin Burden
Subscribers who purchase the Digital Media Enterprise license do not have to differentiate between professional and non-professional users, track the extent of access, or report the number of users monthly. The license covers redistribution to an unlimited number of users and reduces administrative work for firms distributing the data.
Distribution Is For Info, Not Trading
Data redistributed under the Digital Media Enterprise license may be shown on television, websites, and mobile devices for informational, non-trading purposes only, and cannot be provided in a context where a trading or order routing decision can be implemented. Platforms must have controls to prevent modification into a trading feed.
Greater Public Access and Transparency
The Exchange says the new license and lower combined fee should make NYSE best-bid-and-offer data more available to the general investing public and increase market transparency. The change is intended to let more websites, apps, and broadcasters show real-time BBO information to investors.
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