The Tel-Aviv Stock Exchange (TASE) has issued a proposal for a significant reduction of the cost of real-time data to private investors.
TASE explained that two years ago the exchange made what it describes as a significant move by enhancing the accessibility of trading data and enabling the display of real-time streaming data to private investors at a cost that is substantially less than that paid by business clients. Today, many investors in the Israeli capital market enjoy streaming market data (Level 1), on par with international standards, for only NIS 4 ($1.25) a month.
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TASE states that it is dedicated to strengthening its ties with the public and enhancing the public’s involvement and participation in the success of the Israeli economy, especially in view of the public’s growing interest in investments on TASE. Accordingly, it now proposes a further reduction of the prices for data vendors and TASE members looking to provide real-time streaming data, for optimal access to market data by private investors.
To date, even after a previous price reduction, most private investors receive static data displays. In order to make dynamic, real-time updated data available to private customers, TASE proposes to further reduce the cost of Real time streaming data to private investors.
TASE states that the proposed change will allow its members to offer an advanced display of their trading data via cellular apps and innovative developments, at particularly low prices, to small and new customers, making it easier for existing and new brokerage firms to provide an attractive offering for trading on TASE.
As part of the change, the cost of distribution of streaming data to private clients through TASE members and data vendors will be reduced by close to 50%, depending on the number of data recipients. Accordingly, the price of a Level 2 data package will be reduced from NIS 35 to NIS 15-18 and the cost of Level 1 data package may drop to NIS 1 per customer per month.