Data Licensing
Market data licensing, explained for the people who build with it. What OPRA and the equity exchanges charge to display quotes, when a redistribution license is required and when it is not, how professional status changes the price of real-time data, and the bring-your-own-key model that lets a client-side application ship with no exchange fees at all. Written so a developer can choose the right data tier before writing the first line of code.
Bring Your Own Key (BYOK): How to Ship an App Without a Market Data Redistribution License
The BYOK model lets each user connect their own Market Data API key to your app, so you never need a market data redistribution license. How to build it right.
Stock Market Data Licensing: How To Display Stock Prices Legally
Learn how developers can legally display stock prices without paying thousands in fees. Guide to stock market data licensing and real-time alternatives.
Building an Options App? OPRA Fees & Licensing Explained
Wondering how OPRA fees impact your options trading app? This guide breaks down what developers need to know.
Professional Status Explained: What Every User Needs to Know
Exchanges decide whether you count as a professional, and it changes what your market data costs. Learn how the test works and how to check yours.