XCore Pricing
A client may combine any 3 Live XCore instances in Monthly Fee Calculation. Any additional Live XCore instances will be part of a separate Monthly Fee calculation.
UAT XCore instances, used for integration/conformance testing, are available free of charge upon request.
The Monthly Fee is equal to the maximum (not the sum) of Instance, Connectivity, Volume, and Feature Fees. Instance, Connectivity, Volume, and Feature Fees are different fee groups defined below.
Monthly Fee = Max (Instance Fees, Connectivity Fees, Volume Fees, Feature Fees)
1. Instance Fees
| Fee Group | Item | Price | Description |
|---|---|---|---|
| Instance Fees | XCore Instance | $2000 | Minimum fee of $2000 per each xcore instance. |
2. Connectivity Fees
Connectivity via each connectivity interface which has been enabled on more than 2 days during the billing period is charged a fixed monthly fee.
The Connectivity Fees are the sum of all such fees
| Fee Group | Item | Price | Description |
|---|---|---|---|
| Connectivity Fees | XCore Trader/FIX Taker | $50 | Connectivity via each XCore Trader or FIX Taker is charged a fixed monthly fee of $50. Included are one pricing and one trading connection. |
| MT4/5 Taker | $800 | Connectivity via each MT4 or MT5 Taker is charged a fixed monthly fee of $800. Included are one pricing and one trading connection, one bridge and one feeder. | |
| FIX Maker | $400 | Connectivity via each FIX Maker is charged a fixed monthly fee of $400. Included are one pricing and one trading connection. | |
| Others | $200 | Any other type of connectivity is charged a fixed monthly fee of $200 per each connection. |
3. Volume Fees
Volume Fees are charged monthly according to the below Standard and Crypto Volume Fee Schedules and are the sum of all such fees recorded therein. Volume is expressed in the unit of millions USD notional [M].
Crypto Volume represents the total monthly Volume executed over all XCore instances from Crypto Asset Classes and is calculated at 10.00 [USD/M].
Standard Volume represents the total monthly Volume executed over all XCore instances from all Non-Crypto Asset Classes and is calculated as per the table below :
| Fee Group | Item | Formula | Description |
|---|---|---|---|
| Volume Fees | XCore Volume Fees | XCore Volume * 1.00 [USD/M] | XCore Volume is the total ABook trading Volume executed with XCore Makers. |
| ABook Volume Fees | ABook Volume * F (Standard Volume) | ABook Volume is the total ABook/STP trading Volume executed with Non-XCore Makers. | |
| BBook Volume Fees | 0.5 * BBook Volume * F(Standard Volume) | BBook Volume is the total BBook trading Volume. |
F(Standard Volume) is a Function which takes Standard Volume as input and returns a price point starting at 2.00 [USD/M] down to 1.00 [USD/M]. An online calculator for F(Standard Volume) can be found below and or on F(Standard Volume) Price Point Calculator page.
4. Feature Fees
Specific selected features are charged a fixed monthly fee per XCore instance. The Feature Fees are the sum of all such fees.
| Fee Group | Item | Price | Description |
|---|---|---|---|
| Feature Fees | Synthetics (Pricing with B-Book execution) | $400 (Per XCore Instance) | Synthetics BBook is charged a fixed monthly fee of $400 per XCore Instance. |
| Synthetics (A-Book execution) | $600 (Per XCore Instance) | Synthetics ABook is charged a fixed monthly fee of $600 per XCore Instance. | |
| MT Monitor | $400 (Per MT Login) | A fixed monthly fee of $400 is charged for each Metatrader Manager API login configured in the MT Monitor module. | |
| MT Synch Tool | $1,000 (Per MT Server) | A fixed monthly fee of $1000 is charged for each Metatrader Server configured in the MT Synch Tool module. |