OTC Markets includes overnight data in licensing at no extra cost
OTC Markets Group Inc. (OTCQX: OTCM) announced that overnight market data from its MOON ATS and OTC Overnight feeds will be included in its broker-dealer enterprise and per user licensing at no additional charge.
The company operates regulated markets for more than 12,000 U.S. and international securities. The change affects both current and prospective customers of broker-dealer enterprise licenses and per user licenses.
"More and more investors are demanding NMS and OTC securities trading around the clock, and our streamlined data licensing now supports that new reality," said Matt Fuchs, executive vice president and head of market data at OTC Markets Group.
Broker-dealer enterprise license customers will receive MOON ATS and OTC Overnight data alongside daytime OTC equity data feeds. The licensing covers unlimited customer display and non-display use cases with no reporting requirements.
Per user license customers will also receive the overnight data alongside daytime OTC equity data. Subscribers accessing OTC Markets data through market data vendors or retail brokers must contact those providers to request entitlement and integration of the overnight feeds.
For broker-dealers operating outside the U.S. seeking standalone overnight data licensing, OTC Markets simplified its structure to two options: a full depth broker-dealer license at $5,000 per month and a full depth non-display license at $4,000 per month. One license covers both MOON ATS and OTC Overnight Level 1 and Level 2 data.
MOON ATS and OTC Overnight provide continuous market access across U.S. and international traded securities including NMS and OTC securities. The information is based on a company press release.
