Exchange agreements & holidays

Data subscriptions for real-time prices

At Saxo Bank all equities trade on actual market data from the stock exchanges. To receive and trade on real-time market data, you will have to subscribe to the individual exchange.

A subscription to live price data from an exchange gives you access to live prices on Stocks, Single Stock CFDs, ETFs/ETCs and CFDs on ETFs/ETCs from the particular exchange.

An Online Subscription Tool is available in the trading platform. In the tool, you will find a list of available exchanges and news services alongside the applicable monthly fees. You will be able to subscribe and unsubscribe to services of your choice. Further information can be found in the Subscription Tool guide, which is also available on the trading platform.

Level 1 or Level 2 data?

Level 1 price data refers to the first level of the order book on the exchange. With a Level 1 subscription you can see live, streaming, bid and offer prices.

With a Level 2 price data subscription you can see live, streaming prices as with Level 1 but on top of this you can see the market depth of bid/offer prices and the amounts available at each price point.

Level 1 and Level 2 Exchange Data Fees

Exchanges - CFDs and StocksLevel 1Level 2
Athens Exchange1,00 EUR7 ,00 EUR5,00 EUR10,50 EUR
Australian Securities ExchangeOnly level 2Only level 220,00 AUD55,00 AUD
BME Spanish Stock Exchange4,50 EUR23,00 EUR14,50 EUR47,00 EUR
Borsa Italiana/Milan Stock
Exchange (Stocks and Futures)
0,50 EUR12,00 EUR1,2 EUR40,00 EUR
Budapest Stock Exchanges1,00 EUR12,00 EUR2,00 EUR22,00 EUR
Deutsche Börse (XETRA)15,00 EUR57,16 EUR20,00 EUR69,36 EUR
Hong Kong Stock Exchange (HKEX)120,00 HKD120,00 HKD200,00 HKD200,00 HKD
Irish Stock Exchange5,00 EUR12,00 EUR8,00 EUR18,00 EUR
​​Johannesburg Stock Exchange7,70 USD28,40 USD10,90 USD40,50 USD
London Stock Exchange4,00 GBP39,00 GBP6,00 GBP157,50 GBP
London Stock Exchange (IOB)2,00 GBP21,00 GBPOnly level 1Only level 1
NASDAQ1,00 USD25,00 USDOnly level 1Only level 1
Nasdaq OMX Copenhagen
Stockholm Helsinki
1,00 EUR29,00 EUR5,00 EUR56,00 EUR
New York Stock Exchange1,00 USD45,00 USD*Only level 1Only level 1
New York Stock Exchange (ARCA)6,00 USD30,00 USDOnly level 1Only level 1
NYSE Euronext Stock Exchange1,00 EUR61,00 EUR1,00 EUR86,00 EUR
NYSE MKT (American
Stock Exchange)
1,00 USD30,20 USDOnly level 1Only level 1
Oslo Børs/Oslo Stock Exchange10,00 NOK280,00 NOK100,00 NOK280,00 NOK
Prague Stock Exchange2,5 EUR12,00 EUR5,00 EUR22,00 EUR
Singapore Stock Exchange10,00 SGD10,00 SGD60,00 SGD60,00 SGD
SIX Swiss Exchange6,00 CHF15,00 CHF50,00 CHF50,00 CHF
Tokyo Stock Exchange
(Stocks and Futures)
140 JPY2,300 JPYOnly level 1Only level 1
Toronto Stock ExchangeOnly level 2Only level 221,00 USD86,50 USD
Toronto Stock Exchange
(incl. Venture)
12,00 USD56,50 USDOnly level 1Only level 1
Warsaw Stock Exchange12,40 PLN158,25 PLN80,10 PLN136,75 PLN
Wiener Börse/Vienna
Stock Exchange
2,00 EUR33,00 EUR3,00 EUR43,00 EUR


* The Price for New York Stock Exchange (NYSE) varies with the number of devices/users a client subscribes to. Example
one user under corporate client must pay USD 45,00. Two users under a corporate client must pay
2 X USD 30,00/month.


Number of devices/users
Professional InvestorPrivate Investor
2 Devices or moreUSD 30,00USD 1.00

Data fee refund for active equity trading

For clients who trade equities and subscribe to real time market data, Saxo Bank has introduced a refund scheme where fees are refunded per exchange should clients trade a minimum of four (4) times across both stocks, ETFs and/or CFDs during each calendar month.

For the Australian Securities Exchange the minimum is six (6) trades.

Refunds are only applicable for non-professional clients subscribing to level 1 data, except for the Australian Securities Exchange where the refund applies to level 2 data.

The definition of non-professional and professional subscribers may vary by exchange. Refunds are calculated on a monthly basis but paid out on a quarterly basis.

Exchange holidays

Updated 13 January, 2015

Product Risk

​Danish banks are required to categorise investment products offered to retail clients depending on the product’s complexity and risk as: green, yellow or red.

A CFD is categorised as a red product as it is considered an investment product with a high complexity and a high risk. See also the 'Product Risk Categorisation' located under our General Business Terms.

General Business Terms​​​