XCore Pricing (Draft)
XCore Pricing
A client may form one XCore Group by combining any three Live XCore instances to take advantage of Volume Fee discounts. Any additional Live XCore instances will be calculated individually.
XCore Offline Instance, available at a fixed monthly fee of $1000, can serve as a backup and is considered a Live XCore instance upon activation, with all standard fees for Live XCore Instances then applying,
Demo XCore instances are available upon request. Fees for Demo Instances are 50% of the Live XCore pricing, with no Volume Fees charged.
UAT XCore instances, used for integration/conformance testing, are available free of charge upon request.
The Live XCore Fee is equal to the maximum (not the sum) of Instance, Connectivity and Volume Fees.
Live XCore Fee = Max (Instance Fees, Connectivity Fees, Volume Fees)
Instance, Connectivity, Volume, and Transaction Fees are different fee groups defined below.
1. Instance Fees
Each XCore instance is charged a fixed monthly minimum fee. The Instance Fees are the sum of all such 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 | 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. Quote Logging is charged an additional $50 per month. |
| MT4/5 Taker | $1000 | Connectivity via each MT4 or MT5 Taker is charged a fixed monthly fee of $1000. Included are one pricing and one trading connection, one bridge and one feeder. | |
| PrimeXM_FIX44 Maker | $400 | Connectivity via each FIX Maker is charged a fixed monthly fee of $400. Included are one pricing and one trading connection. | |
| Other FIX Maker | $600 | Connectivity via each non PrimeXM_FIX44 FIX Maker is charged a fixed monthly fee of $600. 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 Volume Fee Schedule and are the sum of all such fees. Volume is measured in millions of USD notional, denoted as [M]. Volume Fees are adjusted by applying a discount that is calculated based on the total trading volume transacted in an XCore Group.
Volume Fee Schedule:
| Fee Group | Item | Formula | Description |
|---|---|---|---|
| Volume Fees | XCore Group Volume | 1.00 [USD/M] | XCore Group Volume is the total ABook trading Volume executed with XCore Instances of the same XCore Group. |
| ABook and Margined BBook | 2.00 [USD/M] * Discount | ABook Volume is the total trading volume executed with external Makers. Margined BBook Volume is the total BBook trading volume margined with XCore. | |
| Non Margined BBook | 1.00 [USD/M] * Discount | Non Margined BBook Volume is the total BBook trading Volume that is not margined. | |
| Crypto | 10.00 [USD/M] * Discount | Crypto Volume is the total trading Volume executed from Crypto Asset Classes. |