Pricing

dot-image-hr

Pricing by Product

*

Trade Data Network Pricing - 2027

Sell Side Annual Subscription
Clearing & Executing Firms

  • Customers select a tier based on expected volume use and pay annually in advance.
  • Any overage charges incurred are charged quarterly in arrears.
  • Charges will apply from the Effective Date of Opt-in.
  • Pro-rata annual billing for any annual subscriptions for the remainder of the calendar year
  • Customers will default to the Small Broker tier unless they formally elect otherwise
  • Minimum contract term of 1-year with auto-renewal for additional 1-year terms unless customer notice is served in accordance with the terms of the agreement
  • Customers may upgrade to a higher tier at any time

Annual Fees by Tier

Tier Min Quarterly Volume (Contracts) Max Quarterly Volume (Contracts) Annual Subscription Fee
Small Broker
–
1,000,000
$52,000
Medium Broker
1,000,001
10,000,000
$250,000
Large Broker
10,000,001
20,000,000
$320,000
X Large Broker
Unlimited volume annual subscription: $440,000

Per Contract Overage Fees

Tier Overage Fee
Small Broker
$0.0100
Medium Broker
$0.0050
Large Broker
$0.0025
X Large Broker
$0.0000

Sell Side Annual Subscription – Execution Only Firms

  • Customers select a tier based on expected volume use
  • Charges will apply from the Effective Date of the Opt-in
  • Minimum contract term of 1-year with auto renewal for additional 1-year terms
  • Billing is quarterly in arrears, except XL Tier which is billed annually in advance
  • Customers may upgrade to a higher tier at any time
  • In the event that volume exceeds the selected Tier for 2 consecutive quarters, the Customer will be upgraded to the next applicable Tier automatically
  • Pro-rata annual billing for any annual subscriptions for the remainder of the calendar year
  • Per Client Pricing – Available to any customer who has opted-in before 31st December 2024. $10,000 annual subscription per client, first two clients free. No cap. Pro-rata annual billing for each new client for the remainder of the calendar year

Quarterly Fees by Tier

Tier Min Quarterly Volume (Contracts) Max Quarterly Volume (Contracts) Quarterly Subscription Fee
Small Broker
–
500,000
$1,500
Medium Broker
500,001
2,500,000
$4,000
Large Broker
2,500,001
5,000,000
$7,500
X Large Broker
Unlimited volume annual subscription: $52,500

Buy Side

  • Fees are charged at $0.011 per contract, up to a quarterly cap of $17,500 and invoiced quarterly in arrears
  • Charges will apply once a client is live in a production environment

HFT/Market Maker

  • Fees are charged at $0.011 per contract, up to a quarterly cap of $17,500 and invoiced quarterly in arrears
  • Charges will apply once a client is live in a production environment
  • Additional capacity fees may apply based on volume
dot-collection

Atlantis Pricing - 2027

ETD Brokerage Settlement Fees

The ETD Per-Contract Settlement Fee is $0.015 and applies to both executing and clearing sides based on the number of Billable Contracts up to annual fee caps for Executing Brokers (Receivers) and Clearing Brokers (Payers).

Receiver Fee Cap: USD$310,000 per annum

Payer Fee Cap: USD$275,000 per annum

To encourage broader platform adoption, customers whose settlement volume is less than 50,000 contracts per month on a trailing six-month average are not subject to fees. The trailing average includes both clearing and executing settlement volume.

Block Brokerage Settlement Fees

The Block Brokerage Per-Contract Settlement Fee is $0.015 and applies to both executing and clearing sides based on the number of Billable Contracts up to annual fee caps for Arranging Brokers (Receivers) and Clearing Brokers (Payers).

Blocks Receiver Fee Cap: USD$250,000 per annum, USD$150,000 if paid annually in advance.

Blocks Payer Fee Cap: Block payables volumes are added to ETD Brokerage Settlement volumes, contributing toward the ETD Brokerage Settlement Payer Fee Cap.

Full-use ETD Executing & Clearing, Blocks Payables Discount

Firms which reach 2027 Annual Fee Caps for ETD Brokerage Payables and Receivables and fully supporting Blocks Payables may receive a $35,000 a year discount if they convert to an annual license and meet the following criteria:

  • Pay for the 2027 Annual Fee License on or prior to February 28, 2027
  • Maintain compliance with Rules and Procedures (formerly Participation Requirements) for Atlantis
  • Please note, for 2028, payments will be due by January 7th to retain eligibility for the subscription price.

US Listed Options Brokerage Settlement

FIA Tech offers the ability to settle OCC Options/US Listed Options on Atlantis subject to the following fees:

  • USLO fees charge 1.5% of USD brokerage settled up to the annual fee cap of $225,000
  • Annual fee cap includes settlement each month for both execution and clearing activity
  • Brokerage settled using the Cash Adjustments functionality will be invoiced as settled brokerage

ETD Maintenance Fees:

  • ETD Maintenance Fees are charged on unsettled trades each month until settled. Maintenance fees are charged to the Responsible Party determined by the Responsible Party Matrix, up to an annual Maintenance Fee cap of $120,000.
  • There is an addition monthly charge of $3,000 for any participant responsible for more than 10 million unsettled contracts falling into the below Aged brokerage periods (not considered toward the Maintenance Fee Cap).
Aged brokerage period Maintenance Fee
4-9 Months
$0.001 per contract
9-12 Months
$0.002 per contract
12+ months
$0.003 per contract

Bulk Settlement Fees:

FIA Tech offers a Bulk Settlement Service to help firms in clearing aged, unsettled backlog in Atlantis.

  • Both clearing and executing brokers receive charges of the current per-contract settlement fee up to each firm’s annual applicable Contract Settlement Fee Cap
  • Separately, the Responsible Party will pay an additional $0.005 per contract as determined by the Responsible Party Matrix
  • The Responsible Party is determined at the point of the Bulk Settlement Template submission to FIA Tech and considered final

Additional Terms Specific to Atlantis

  • Unless explicitly said otherwise, firms receive invoices monthly in arrears for all Billable Contracts settled, with the exception of those that are required to pay in advance
  • Firms that exceed the Annual Fee Caps will convert to an annual license and receive annual invoices in advance
  • Firms that are more than 90 days behind in payments are excluded from future settlement cycles until their account is current
dot-collection

Docs Pricing - 2027

Invoiced quarterly in arrears per the terms of the System User Agreement.

Per-Agreement Fees

  • The Standard Give-Up Agreement executed on Docs are charged $30 per agreement
  • There is a $5.00 upcharge for non-STP agreements
  • Uploaded Legacy Give-Up Agreements: Legacy uploaded agreements are charged the Per-Agreement Fee to the Institution that uploaded the agreement regardless of its role on the agreement. All institutions that wish to initiate agreements and/or upload Legacy agreements are required to have storage
  • Give-Up Screening Agreement (GUSA): The Per-Agreement Fee of the Institution is charged to both brokers that are party to the agreement
  • Customer Limit Screening Agreement (CLSA): There is a $20.00 fee charged to the broker who uploads this agreement
  • Amended Agreement: Amendments follow the same rules as the Per-Agreement Fee for executing Standard Give-Up Agreements
  • Transitioned Agreement: There is a $20.00 fee charged, regardless of agreement types, to each broker that is a party to the agreement created as a result of a transition
  • Transition Protocols:
  • Bulk Update:
    • Partial Rate Schedule Updates

Non-STP Upcharge is on executed agreements that do not support straight-through processing. To promote more STP agreements across the industry, any executed agreement that has a non-conformed broker party, contains a PDF rate schedule absent an eRate, or is an uploaded agreement other than a CLSA will incur an upcharge to the Per–Agreement Fee for execution and a quarterly upcharge to store the Non-STP Agreement.

Please reach out to Docs.Support@fia-tech.com with any questions.

Storage Fees

Number of Agreements Stored Fee per Quarter
0-50
$200.00
51-500
$500.00
501-1,000
$900.00
1,001-2,000
$1,500.00
2,001-5,000
$2,300.00
5,001-10,000
$5,500.00
10,001-20,000
$6,900.00
20,001-40,000
$8,250.00
40,001-60,000
$10,000.00
More than 60,000
$12,250.00
Non-STP Agreement Upcharge
$1.25 per agreement

Storage is required for all institutions that have at least one broker party. The Per-Agreement Fee is assessed to the conformed executing broker; however, if there is no conformed executing broker, then the conformed clearing broker will pay the Per-Agreement Fee. Institutions containing only customer/trader parties have the option of maintaining storage of Docs agreements at their respective tier rate. Customers/traders who choose not to store documents in Docs will have execution only access at absolutely no cost and will have seven days after execution to print agreements.

Give-Up Simplification Assessment

A quarterly technology support fee of $1.25 will be levied on all agreements in an Executed state. The fee will fund the legal fees and software developments necessary to support the joint FIA Tech and FIA (Futures Industry Association’s Give-up Agreement Simplification project.

The GUA Simplification project, spearheaded by a joint working group of FIA’s Law & Compliance Division and representatives from the Documentation and Operations teams of firms using FIA Tech’s Docs, will provide the ability for Executing Brokers and clients to manage and amend rate cards without requiring amendment of the underlying give-up agreement as is required today.

Give-in Limit Repository (GLR) features and functionality will now be included for clearing brokers at no extra charge, as part of the simplification project.

dot-collection

eRecs Pricing - 2027

Annual Subscription Fee

  • $61,000 – Accounts Receivable only
  • $61,000– Accounts Payable only 
  • $110,000– Payables and Receivables
  • Firms that require larger processing (e.g., 1 year of reconciled data for manual invoices, additional environments for staging/testing) can opt for a high-capacity AWS environment for an additional $34,000 per calendar year

Small Firm Annual Subscription Fee

Discounted pricing is available for small firms. A small firm is defined as a firm that averages less than 100,000 trade lines a month. Environments are monitored and right-sized at regular intervals to ensure optimal performance.

  • $39,000 – Accounts Receivable only
  • $39,000– Accounts Payable only
  • $69,000– “Full Service” Reconciliation and Invoicing

Additional Payment Terms

  • All license fees are subject to a 25% implementation fee per 90 project days
  • Service period is annually based per calendar year from January 1st – December 31st prorated for initial year-end term
  • All fees and future renewals will be invoiced in annual terms in full prior to renewal
dot-collection

OCR Pricing - 2027

The OCR Data Service requires an annual subscription fee as shown in the following fee schedule plus a one-time fee for onboarding based on client-specific setup.  FIA Tech uses the following criteria to determine which fee tier applies to your firm.

  • FCM – Large is greater than $2bn in customer assets in seg as reported by the CFTC or equivalent regulatory entity
  • FCM – Basic and Non- FCM Clearing Member tiers are for FCMs and Clearing Members with less than $2bn in customer assets in seg as reported by the CFTC or equivalent regulatory entity
  • Swap Dealer Only tier is for non-clearing swap dealers and firms who use OCR for their own reporting
Fee Tier Annual Subscription Fee
FCM – Large
$76,000
FCM – Basic
$45,000
Non-FCM Clearing Member
$45,000
Swap Dealer Only
$35,000

Additional Payment Terms

  • The service period is annually per calendar year from January 1st – December 31st
  • At signing each invoice is pro-rated through December 31st of the current year, and all future renewals are invoiced in annual calendar terms in full prior to the renewal
dot-collection

Databank Pricing - 2027

Reference Data Category Reference Data Service Annual Fees*
Compliance
Position Limits Databank (PLD)
$44,000
Compliance
Equity Options Position Limits Databank (EOPLD)
$11,500
Compliance
Sanctioned Securities
$60,000
Compliance
Foreign Security Futures Data – Broad/Narrow Classification
$80,000
Exchange Fees
Exchange Fees Databank (EFD)
$31,000
Exchange Event Management
Cash and Collateral
$29,000
Corporate Actions
Corporate Actions
$39,000
Pricing
EOD Pricing
$13,000 per exchange/year
Entity Reference Data
Broker Code Reports
$11,000
Tax
871(m) Contract Classification, DEA & Tax Withholding Calculation Services
$150,000
Reference Data Category Reference Data Service Sell Side Buy Side
Contract Specs
Regulatory Classification (CFTC, SA-CCR, MiFIR, EMIR, CFI)
$33,000
$13,000
Exchange/CCP Hours of Operation & Holiday Hours
$33,000
$13,000
Basic Trading Specification
$88,200
$35,000
Instrument Level Detail
$88,200
$35,000
Settlement and Delivery Calendar (Includes Spot Month Calendar)
$33,000
$13,000
Delivery grade and point
$33,000
$13,000
Symbology
X-Ref Contract Level Symbols – Per Symbol
$28,000
$11,000
X-Ref Instrument Level Symbols – Per Symbol
$33,000
$13,000

Enterprise pricing is available.  Contact sales@fia-tech.com to get started.

Effective Date: January 01, 2027

*Initial subscriptions auto-renew and annual fees increase by the greater of 3%, or the latest year-ending CPI for the calendar year published by the U.S. Bureau of Labor Statistics.

*FIA Tech, in its sole discretion, reserves the right to increase annual fees upon each renewal per the terms of each Agreement.

*A select few Databank products and services are created and maintained through partnerships with outside vendors. As such, FIA Tech reserves the right to charge separately for any vendor pass-through expenses.

dot-collection

Fees & Commissions Pricing - 2027

FIA Tech’s Fees & Commissions offerings incorporate golden source brokerage and clearing commissions, global exchange fee datasets, analysis tools, cost calculation engines, and more. 

Fees & Commissions Repository (FCR)

FIA Tech offers the Fees & Commissions Repository (FCR) service under the contractual framework of the Docs Adherence Agreement and is subject to those terms and conditions.

To activate the FCR service, a Docs Participant Admin must complete and return the FCR Opt-in form to FIA Tech (by email).

Execution Cost Analysis (XCA)

XCA provides firms with visibility into their universe of trading costs, to support improved pre and post-trade operations for ETD activity. Incorporating cost data from various sources across the FIA Tech ecosystem, and powered by a robust calculation engine, XCA allows firms to perform ad hoc reconciliation and trade calc activities all within a single platform.

To activate XCA services, a Docs Participant Admin must Opt-in within the FIA Tech platform. Please note, a Docs Storage Subscription is required for access to XCA services.

Client Subscription Tiers Buy-side

Core – View Execution Brokerage costs across counterparties, with detailed breakdowns of the source agreements and rate schedules housing these rates
Included in Docs Storage Subscription

Enhanced Fees & Comms

Includes:

  • Core features
  • In-application exchange fees
  • XCA breaks page
  • BBG symbology enrichment of Docs Rate Schedules, both in-app and via API

TDN Brokerage features for subscribed firms – Transparency, Fee Calc (Brokerage only) & Matching 
Per Agreement charge ($10/executed agreement) with quarterly cap of $5,000 and a floor of $250/quarter

Premium Fees & Comms

Includes:

  • Core and Enhanced features
  • XCA Spend Page showing Settled and Aged Brokerage activity 
  • Daily Exchange Fees (EFD) files & alerts 
  • Fee Calc/Compare for All Fees

Full FCR Access & viewing in XCA 

Per Agreement charge ($20/executed agreement) with quarterly cap of $10,000 and a floor of $1,250/quarter.
Executing Broker/Clearing Broker Subscription Tiers Sell-side

FCR Approval Only:

  • User-interface access (schedule approval only)
  • PDF and Excel export
$0

FCR RateSync:

  • Approved fee & commissions schedules are synced with Docs and generates amended give-up agreements
  • Rate Schedule workstream can also be pre-approved on amended give up agreements with client based your firm’s configuration
$2,500/quarter

FCR + Exchange Fee Management (Full Service):

  • Requires Exchange Fees Databank (EFD) subscription
$15,000/quarter (FCR)
dot-collection

* FIA Tech pricing excludes fees charged to FIA Tech for connectivity to customers’ 3rd party providers/platforms or fees for private network connections to customers’ environments other than Radianz, Equinix or VPNs over public Internet. 

Payments are due 30 days from receipt of invoice

Firms 90 days past due are subject to suspension of their service and account access until their account is current

All pricing does not include any applicable Federal, State, or Local use taxes. Any tax obligations of non-US entities resulting from this service remain the sole responsibility of the customer to ensure they comply with their tax authority

dot-image-hr

Pricing by Product*

* FIA Tech pricing excludes fees charged to FIA Tech for connectivity to customers’ 3rd party providers/platforms or fees for private network connections to customers’ environments other than Radianz, Equinix or VPNs over public Internet. 

Payments are due 30 days from receipt of invoice

Firms 90 days past due are subject to suspension of their service and account access until their account is current

All pricing does not include any applicable Federal, State, or Local use taxes. Any tax obligations of non-US entities resulting from this service remain the sole responsibility of the customer to ensure they comply with their tax authority

Contact Us

FiaTech Corner 1

For general inquiries regarding Accelerate:

Call: +1-202-772-3000

Email General Client Support:  clientservices@fia-tech.com

General inquiries regarding Atlantis

Call: +1-202-772-3000

Email Atlantis Support:  atlantis.support@fia-tech.com

General inquiries regarding Docs

Call:+1-202-772-3000

Email Docs Support:  docs.support@fia-tech.com

General inquiries regarding OCR

Call: +1-202-772-3000

Email OCR Support:  ocr.support@fia-tech.com

General inquiries regarding eRecs

Call: +1-202-772-3000

Email eRecs Support:  erecs.support@fia-tech.com

General inquiries regarding Databank

Call: +1-202-772-3000

Email Databank Support:  databank@fia-tech.com