ATHEX Non Display Policy and Agreement Procedure

A. NON DISPLAY CATEGORIES

The ATHEX Real Time Non Display Data service is a special service including the following categories of usage of the real time information:

  • Usage of real time information by corporate client of the Vendor/Subvendor for the creation of original created works. Such works quite indicatively include indices, quotes, VWAPS (Volume Weighted Average Prices), portfolio evaluation services and analytic reference figures which have been calculated from or using real time information.
  • Usage of real time information by corporate client of the Vendor/Subvendor in electronic trading systems for the purpose of generating orders or executing transactions in an automated and/or semi - automated manner without the display of the original real time information (i.e. for algorithmic trading, program trading, or the automated monitoring of trading activities).

B. NON DISPLAY AGREEMENT PROCEDURE

Concerning the ATHEX Non Display usage, Athens Stock Exchange offers the following two alternatives for Non-Display customers, in order to redistribute the Athens Stock Exchange Non Display Data:

  1. Sign the Non-Display Agreement "Application for ATHEX Information Non Display Usage" directly with Athens Stock Exchange and pay directly to ATHEX the respective Non Display fees or,
  2. The Vendor will report to ATHEX the Non-Display service and pay the respective fees on behalf of its customers.

The pricing, terms and conditions are identical in both cases.

In addition to the above, the corporate customer has to complete, sign and send to ATHEX the "Form V-01 Application the Non-Display Data Use".

Significant note: The corporate customer may receive the ATHEX Data feed from multiple vendors without any additional charge.

Also, the use of information in delayed time for Non-Display use is free of exchange fees.

Non-Display Contractual Documents (Currently valid documents) File Type
 APPLICATION/AGREEMENT ON NON DISPLAY INFORMATION USAGE
 GENERAL TERMS & CONDITIONS TO THE AGREEMENT ON NON DISPLAY INFORMATION USAGE
 ANNEX A: NON DISPLAY APPLICATION (FORM v01)
 ANNEX B: ATHEX NON DISPLAY DATA FEES
 ANNEX C: TERMS OF USE OF TRADE MARKS AND NAMES
   

 

ATHEX Non-Display Pricing Policy

A. NON DISPLAY USAGE FREE OF NON-DISPLAY FEES

  • ATHEX Vendor/ Subvendor/ Member (paying the market data agreement annual license fee):  For its own use (internal use) pays no fees for Non-Display data.
  • Use of Non-Display Data in Delayed Time: The use of Non-Display data in delayed time is free of exchange fees.
  • ATHEX Vendor's/Subvendor's corporate customers: Corporate customers that make use of the Non-Display are fee liable towards ATHEX, if the Non-Display data are distributed to persons other than those who subscribe to real time information of ATHEX (this means that if all users receiving Non Display data receive also the original ATHEX information, then the Non-Display fee is not applicable). Hence, if there are end users (persons/devices) receiving only the Non-Display data and then the fee is applicable.

Non-Display usage of information regarding the following venues is free of Non Display fees:

  • ENAX (Alternative Market)
  • XECM (Emerging Companies Market)
  • HOTC (Hellenic Exchange OTC Market)

 

B. NON-DISPLAY PRICE LIST (Monthly fees per customer)

Non Display

Internal Redistribution

External Redistribution (*)

ATHEX Securities & Derivatives Market

400 €

600 €

CSE Securities Market

120 €

180 €

FTSE/ATHEX Indices

0 €

0 €

(*) Applies to Vendors/Subvendors also. The ATHEX reserves the right to impose the above mentioned fees per Non-Display service, if such service is billed by the Vendor/Subvendor independently from other Non-Display services it provides.

 

Significant note: The client may receive the ATHEX Data feed from multiple vendors without any additional charge. The only requirement for the client is to complete and submit to ATHEX the following "NON DISPLAY DECLARATION FORM EN v1-0".

Also, please find below the ATHEX MIFID II Non Display Products:

For further information concerning the above please be so kind to contact the DFS Service, here.

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