Market Data. JSE Indices Data Products Price List for 2016

Transcription

1 Market Data JSE Indices Data Products Price List for Johannesburg Stock Exchange

2 JSE Indices Data Fees Live Indices Data Fees ZAR (excl VAT) USD Notes Billing Frequency Variable Fees Live Indices Licence R 7 263,00 $986,00 Monthly Upgrade to Live Indices Licence R 3 632,00 N/A Only applicable to Equity Trading Members in Live Site Indices Licence R 3 632,00 N/A Only applicable to Equity Trading Members Monthly Upgrade to Live Indices Snapshot Licence R 530,00 N/A Only applicable to Equity Trading Members Monthly Live Indices Snapshot Licence R 4 162,00 $565,00 Required for the redistribution of Indices Snapshots in Live Indices Terminal - Professional User R 72,00 $10,60 Charged per Mobile Device Live Indices Mobile Device R 25,00 $3,40 Refer to the Mobile Device Policy in IMDP Live Indices Terminal - Non-Professional User R 21,00 $3,00 Refer to Appendix 1 for the definition of a Non-Professional User Live Indices Snapshot Fees: requests R 0,09 $0, million requests R 0,07 $0,009 > 3 million requests R 0,06 $0,007 Charged per request (e.g. Web; SMS; IVR etc).* The number of monthly requests per individual User ID is capped at 340 requests per Non Professional User and 920 per Professional User Monthly Fixed Fees Fixed Fees Live Non-Display Internal ZAR (excl VAT) USD Notes Billing Frequency Limited R 799,00 $108,00 Refer to Data Feed and Non-Display Data Policy Refer to Data Feed and Non-Display Data Policy Unlimited R 5 375,00 $730,00 Charged per Application/Unit. Capped at 5 Units Monthly Live Non-Display External ZAR (excl VAT) USD Notes Billing Frequency Limited R 1 162,00 $158,00 Refer to Data Feed and Non-Display Data Policy Refer to Data Feed and Non-Display Data Policy Unlimited R 8 062,00 $1095,00 Charged per Application/Unit. Capped at 5 Units Monthly Extract from the non-display policy to clarify usage, to be read in conjunction with the above Non-Display Use is classified into Non-Display Internal and Non-Display External categories Non-Display Internal means the use of data in trading related activities and/or non-trading related activities trading related activities includes, but is not limited to: a) algorithmic trading, program trading, black box trading; high frequency trading, basket trading; b) automated and semi-automated order generation; c) order management; smart order routing; d) execution management; and e) price referencing for the purposes of algorithmic trading non-trading related activities (which may produce a derived output) includes, but is not limited to: a) risk management; b) quantitative analysis; c) instrument/portfolio valuation; d) surveillance systems; and e) pre/post trade analytics, trade cost analysis Non-Display External means the use of data for the operation and/or in support of other activities other activities includes, but is not limited to: a) data used for the creation and/or in support of a derived output, which may be provided to external End Users; b) market making, auto quoting (whether regulatory mandated or not); c) creation of trading/financial products* (e.g. CFD s, warrants, swaps, spread betting); and d) the operation of trading platforms (e.g. multilateral trading facilities, CFD platforms, spread betting platforms, alternative trading systems, crossing networks, dark pools) 1

3 JSE Indices Data Fees Delayed Indices Data Fees ZAR (excl VAT) USD Notes Billing Frequency Delayed Indices Licence R 3 547,00 $481,00 Delayed Dual Branded Indices Licence R 1 770,00 $240,00 Refer to the Indices Market Data Policies* Listed Company Investor Relations Website Add-on Indices Licence R 831,00 $112,00 Refer to the Indices Market Data Policies* Up to 5 Delayed Indices values can be displayed, however, limited to the display of Core Indices only Monthly in Variable Fees 3. Total Return Index (TRI) Market Snapshot Data Fees ZAR (excl VAT) USD Notes Billing Frequency TRI Market Snapshot Licence R 1 886,00 $220,00 TRI Market Snapshot Product R 377,00 $44,30 TRI Market Snapshot End User Fee R 113,00 $13,30 Payable by any Customer who subscribes to the TRI Market Snapshot Product and who distributes it to End Users Payable by each Customer who receives this product directly from the JSE Fee per End User to whom the TRI Market Snapshot Product Data is distributed Monthly in Monthly 4. Indices EOD Data Fees ZAR (excl VAT) USD Notes Billing Frequency Indices Print Media Licence R 3 937,00 $534,00 Monthly in Single Index Website Licence R 1 164,00 $158,00 Applicable to Tradable and Benchmark Indices Historical Indices Data Prices for historical data is provided on request and are calculated based on: the type of data required the date range of the data required the use of the data, with different fees applying to Internal usage versus external distribution Please contact info@jse.co.za for more details Ad-hoc End of Day Index Creation ZAR (excl VAT) Billing Frequency Variable Fees Index Calculation The fee is provided on request Ad-hoc 2

4 JSE Indices Data Fees 2016 JSE Indices Data Fees Indices EOD Data Fees continued ZAR (excl VAT) USD Notes Billing Frequency FTSE/JSE CORE INDI CES Core Indices Valuations Licence R 5 743,00 $779,00 Core Indices Valuations; Constituents and Tracker Licence (VCT) Core Indices Designated End User Fees- Valuations: R ,00 $2 750, Users R ,00 $1 857, Users R ,00 $2 228, Users R ,00 $2 601,00 Distributor/Re-Distributor permissioned to redistribute Core Valuations data. Distributor/Re-Distributor permissioned to redistribute Core Valuations; Constituent and Tracker data Applicable to Designated End Users that link directly to the JSE or FTSE. Monthly in Users R 388,00 $53, Users R 192,00 $26,10 > 250 Users R 156,00 $21,10 Core Indices Designated End User Fees- Constituents & Tracker: Fixed charge of R19,182/$2,601 + Charge per User per the sliding scale in 1 User R ,00 $8 491, Users R ,00 $11 123, Users R ,00 $14 858, Users R ,00 $16 982, Users R 2 195,00 $298, Users R 1 100,00 $150,30 > 250 Users R 881,00 $119,80 Fixed charge of R125,250/$16,982 + Charge per User per the sliding scale 3

5 JSE Indices Data Fees 2016 JSE Indices Data Fees Indices EOD Data Fees continued ZAR (excl VAT) USD Notes Billing Frequency FTSE/JSE SPECIALIST INDICES (INCLUDES THE CAPPED, DIVIDEND PLUS, EQUALLY WEIGHTED, PREF SHARE, SWIX, STYLE & TOP 40 DIVIDEND) Subject to the subscription of the Core Indices Valuations licence Specialist Indices Valuations Licence R 1 036,00 $139,00 Allows a Distributor/Re-Distributor to redistribute Specialist Valuations data Specialist Indices Valuations; Constituent and Tracker Licence (VCT) R 1 980,00 $267,00 Specialist Indices End User Fees - Valuations, Constituent and Tracker: Equally Weighted Financial 15 Index R 4 618,00 $625,00 Equally Weighted Industrial 25 Index R 4 618,00 $625,00 Equally Weighted Resources 10 Index R 4 618,00 $625,00 Preference Share Index R ,00 $4 056,00 Style Indices R ,00 $3 491,00 Subject to the subscription of the Core Indices Valuations; Constituents and Tracker licence. Allows a Distributor/Re-Distributor to redistribute Specialist Valuations, Constituents and Tracker data. Subject to the subscription of Core Indices Valuations, Constituent and Tracker per current user band subscription Monthly in Annually in Top 40 Dividend Index R 1 922,00 $260,00 Minimum Variance Indices R ,00 $ 3 491,00 SWIX Sector Indices R 6 347,00 $ 860,00 Subject to the subscription of SWIX Indices Valuations, Constituent and Tracker per current user band subscription 4

6 JSE Indices Data Fees Indices EOD Data Fees continued Notes Billing Frequency FTSE/JSE Capped Indices, Dividend Plus Index, Equally Weighted Top 40 Index & Shareholder Weighted Indices (SWIX) End user Fees Subject to the subscription of Core Indices Valuations, Constituents and Tracker per current user band subscription. Capped Indices Dividend Plus Index ZAR (excl VAT) Equally Weighted Top 40 Index Shareholder Weighted Indices (SWIX) 1 User R 4 071,00 R 1 188,00 R 4 328,00 R 4 227, Users R6 115,00 R 1 784,00 R 6 498,00 R 6 347, Users R 8 145,00 R 2 378,00 R 8 657,00 R 8 454, Users R ,00 R 3 566,00 R ,00 R , Users R 179,00 R 52,00 R 190,00 R 184, Users R 123,00 R 37,00 R 131,00 R 127,00 > 250 Users R 90,00 R 25,00 R 95,00 R 93,00 1 User $551,00 $162,00 $587,00 $575, Users $829,00 $242,00 $882,00 $860, Users $1 103,00 $321,00 $1 174,00 $1 146, Users $1 656,00 $484,00 $1 760,00 $1 720, Users $24,20 $7,00 $25,80 $25, Users $16,60 $5,00 $17,70 $17,30 > 250 Users $12,10 $3,60 $12,90 $12,60 USD Fixed charge for Users + charge per User per the sliding scale Fixed charge for Users + charge per User per the sliding scale Annually in 5

7 JSE Indices Data Fees Indices EOD Data Fees continued ZAR (excl VAT) USD Notes Billing Frequency FTSE/JSE RAFI INDICES (TOP 40, ALL SHARE & CAPPED ALL SHARE) FTSE/JSE RAFI Indices Valuations Licence R 2 492,00 $338,00 Distributor/Re-Distributor permissioned to redistribute FTSE/JSE RAFI (Top 40 and/or All Share and/or Capped All Share) Valuations data only Not subject to the subscription of the Core Indices series Distributors/Re-Distributors who distribute Valuations, Constituents and Tracker Data to actual Users do not incur licence fees Monthly in FTSE/JSE RAFI Designated End User Fees - Valuations; Constituent & Tracker: 1-10 Users R ,00 $19 236, Users R ,00 $23 086, Users R ,00 $26 931,00 in Users R 3 981,00 $541, Users R 1 989,00 $269,00 > 250 Users R 1 593,00 $216,00 Fixed charge of R198,640/$26,931 + Charge per User per the sliding scale FTSE/JSE SHARIAH INDICES (ALL SHARE & TOP 40) FTSE/JSE SHARIAH All Share & Top 40 Indices Valuations Licence FTSE/JSE SHARIAH All Share & Top 40 Designated End User Fees- Valuations; Constituent & Tracker: R 1 064,00 $143, Users R ,00 $9 552, Users R ,00 $19 210, Users R ,00 $21 625,00 Distributor/Re-Distributor permissioned to redistribute FTSE/JSE SHARIAH (All Share and/or Top 40) Valuations data Not subject to the subscription of the Core Indices series. Distributors/Re-Distributors who distribute Valuations, Constituents and Tracker Data to actual Users do not incur licence fees Monthly in in Users R 531,00 $72,00 Fixed charge of R159,497/$21,625 + Charge per user per the sliding scale 6

8 JSE Indices Data Fees Indices EOD Data Fees continued ZAR (excl VAT) USD Notes Billing Frequency FTSE/JSE SHARIAH INDICES (ALL SHARE & CAPPED TOP 40) FTSE/JSE SHARIAH All Share & Capped Top 40 Valuations Licence FTSE/JSE SHARIAH All Share & Capped Top 40 Designated End User Fees- Valuations; Constituents & Tracker: R 1 064,00 $143, Users R ,00 $9 552, Users R ,00 $19 210, Users R ,00 $21 625, Users R 531,00 $72,00 FTSE/JSE ALL AFRICA INDICES (40 & 30 EX SA) FTSE/JSE All Africa Index Valuations Licence R 3 021,00 $410,00 FTSE/JSE All Africa Designated End User Fees - Valuations; Constituents & Tracker (VCT): 1-10 Users R ,00 $7 590, Users R ,00 $11 838, Users R ,00 $18 733,00 Distributor/Re-Distributor permissioned to redistribute FTSE/JSE SHARIAH (All Share & Capped Top 40) Valuations data The quoted fee is reduced by 20% if a Contracted User also subscribes to the FTSE/JSE Shariah All Share & Top 40 Valuations Licence Monthly in Not subject to the subscription of the Core Indices series Distributors/Re-Distributors who distribute Valuations, Constituents & Tracker to actual Users do not incur licence fees The quoted fee is reduced by 20% if a Customer also subscribes to the FTSE/JSE Shariah All Share & Top 40 Designated End User Fees for Valuations, Constituents & Tracker in Fixed charge of R159,497/$21,625 + charge per user per the sliding scale Distributor/Re-Distributor permissioned to redistribute FTSE/JSE All Africa Indices 40 and/or 30 ex SA Valuations data. Not subject to the subscription of the Core Indices series Distributors/Re-Distributors who distribute Valuation, Constituent and Tracker Data to actual Users do not incur licence fees Monthly in in 7

9 JSE Indices Data Fees 2016 FTSE/JSE Responsible investment INDICES (BENCHMARK & TOP 30) FTSE/JSE Responsible Investment Index & Top 30 Index Designated End User Fees - Valuations; Constituent & Tracker (VCT): 1 User R ,00 $8 010, Users R ,00 $10 493, Users R ,00 $14 017, Users R ,00 $16 021, Users R 2 071,00 $281, Users R 1 038,00 $141,80 > 250 Users R 831,00 $113,00 Not subject to the subscription of the Core Indices series Fixed charge of R118,160/$16,021 + charge per user per the sliding scale in 4. Indices Data Fees (End of Day Products) continued ZAR (excl VAT) USD Notes Billing Frequency END OF DAY INDICES VALUE ADD DATA PRODUCT FEES - Refer to the FTSE/JSE End of Day Data Service User Manual for details on the record types listed below: Daily Products: Daily Index Statistics - Records DI01/02/03/04 R 1 686,00 $229,00 Daily Index Constituent - Records IC01/02 R 1 505,00 $240,00 Daily Index Movements - Record IM01 R 931,00 $126,00 Daily Index Information - Records IN01/02 R 1 505,00 $204,00 Weekly Products: Weekly Index Dividend Report (Core/Specialist Indices) R 1 056,00 $143,00 Per index report Weekly Index Dividend Report (RAFI/Shariah Indices) R 1 209,00 $164,00 Per index report Weekly Index Statistics - Records WI01/02 R 374,00 $51,00 Monthly Products: Monthly Index Statistics - Records MI01/02 R 94,00 $12,80 Monthly Index Constituent - Records MC01/02 R 90,00 $12,10 Monthly 8

10 JSE Indices Data Fees 2016 End of day Indices Value Add Data Product Fees (Combo Products) - Refer to the FTSE/JSE End of Day Data Service User Manual for details on the record types listed below: JSE Value Add Daily Index Statistics R 5 286,00 $717,00 Includes Record types DI01/02/03/04; IC01/02; IM01 and IN01/02 Monthly JSE Indices Data Fees Structured Products ZAR (excl VAT) USD Notes Billing Frequency FTSE/JSE AND JSE INDICES Annual Tradeable Contract Licence - Multiple Products on Multiple Indices Annual Tradeable Contract Licence - Single Issue Licence R ,00 $70 759,00 R ,00 Additional Tranche or Basket Licence R ,00 $8 491,00 $11 444,00 Must have a pre-determined start and end date An additional tranche must have the exact terms and conditions and be within twelve months of the signing of the original Single Issue licence, the only difference being the start date A basket issue relates to the usage of a FTSE/JSE index in conjunction with any other product which could be a JSE index Annually in FTSE/JSE Responsible investment TRACKING FEES (BENCHMARK & TOP 30) Tracking Fund Licence 3 BPS 3 BPS Basis Point fee charged on the Net Asset Value (NAV) of the fund Annual Fees in Single Issue Licence 3 BPS 3 BPS Fee Per Fund Tracked 9

11 JSE Indices Data Fees Tracking Fees ZAR (excl VAT) USD Notes Billing Frequency FTSE/JSE CORE AND SPECIALIST INDICES Retail Index Tracking Fund Licence 2.3 BPS 2.3 BPS Institutional Index Tracking Fund Licence JSE Indices Data Fees 2016 FTSE/JSE EQUALLY WEIGHTED INDICES TRACKING FEES (TOP 40, RESOURCE 10, INDUSTRIAL 25 & FINANCIAL 15) Tracking Fund Licence 2.3 BPS 2.3 BPS Exchange Traded Funds 2.3 BPS 2.3 BPS FTSE/JSE RAFI INDICES TRACKING FEES (RAFI 40, ALL SHARE & CAPPED ALL SHARE) Tracking Fund Licence 8 BPS 8 BPS Exchange Traded Funds 8 BPS 8 BPS FTSE/JSE SHARIAH INDICES TRACKING FEES (ALL SHARE, TOP 40 & CAPPED TOP 40) Tracking Fund Licence 6 BPS 6 BPS Exchange Traded Funds 6 BPS 6 BPS FTSE/JSE ALL AFRICA INDICES TRACKING FEES (40 & 30 EX SA) Tracking Fund Licence 3 BPS 3 BPS Exchange Traded Funds 3 BPS 3 BPS Basis Point fee charged on the Net Asset Value (NAV) of the Fund A Retail Fund is defined as a fund that the general public and institutions can invest in Net Asset Value (NAV): Up to R 5bn 1 BPS 1 BPS An Institutional Fund is a fund which can be subscribed to only by a particular institution, such as a pension fund. An institutional fund Up to R 50bn 0.25 BPS 0.25 BPS is not promoted and marketed to the general investing public In respect of that part of the NAV that exceeds R 50bn 0.1 BPS 0.1 BPS Exchange Traded Funds 2.3 BPS 2.3 BPS Basis Point fee charged on the Net Asset Value (NAV) of the Fund Basis Point fee charged on the Net Asset Value (NAV) of the Fund Fee Per Fund Tracked Basis Point fee charged on the Net Asset Value (NAV) of the Fund Fee Per Fund Tracked Basis Point fee charged on the Net Asset Value (NAV) of the Fund Fee Per Fund Tracked Basis Point fee charged on the Net Asset Value (NAV) of the Fund Fee Per Fund Tracked in Arrears 2. The JSE Data Agreement (JDA); FTSE/JSE Africa Index Series Distribution Agreement (FIDA); Financial Products Licence Agreement (FIPLA) and Information Distribution Guide (which includes the data policies) must be used in conjunction with the price list. 10

12 Tracking Fees Tracking Fees JSE Indices Data Fees 2016 Structured Products ZAR (excl VAT) USD Notes Billing Frequency FTSE/JSE Responsible Investment Indices: Responsible Investment Index - Single Issue Licence R ,00 $11 444,00 Must have a pre-determined start and end date Does not form part of the Multiple Products Licence Annually in 7. Interest rate Indices Tracking Fees ZAR (excl VAT) USD Notes Billing Frequency Net Asset Values that exceed: Up to R 5bn 1 BPS 1 BPS Up to R 50bn 0.25 BPS 0.25 BPS In respect of that part of the NAV that exceeds R 50bn 0.1 BPS 0.1 BPS *All market data polices contained in the Information Distribution Guide can be found on the JSE website Fee (in basis points) applicable on that portion of the net asset values that exceeds the threshold amount. Applicable on all passive and Exchange Traded Funds that track any of the JSE Interest Rate Indices (GOVI, ALBI, OTHI, CILI) 11

13 APPENDIX 1 CRITERIA FOR CLASSIFICATION AND DEFINITION OF NON-PROFESSIONAL/PRIVATE USER Definition A non-professional/end User is a user who: 1. is one of the following: a) a natural person; b) a company or close corporation incorporated and registered in accordance with the laws of the Republic of South Africa of which the shareholders or members are the natural person referred to in a) above and/or such natural person s immediate family (ie the parents, grandparents, children, grandchildren and spouse of the natural person referred to in a) above) and whose management and daily operations are under the control of such natural person and/or the natural person s immediate family; or c) a trust registered with the Master of the High Court of any division of the High Court of South Africa the beneficiaries of which are the natural person referred to in a) above and/or his immediate family; or d) an unincorporated entity operating an investment club for natural and not juristic persons on a non-professional basis, (each a Qualifying Private User ); and 2. is not registered or required to be registered as, or qualified as, and does not act in any capacity (directly or indirectly) as, a securities trader, investment advisor or asset manager with any domestic or foreign financial exchange, regulatory authority, professional association or professional body recognised under any law; and 3. does not use the Data, directly or indirectly, for any business or professional purposes whatsoever (ie uses the Data solely for purposes of managing the personal funds of the natural person referred to in a) above and/or those of his or her immediate family and in circumstances in which the Qualifying Private User does not charge or receive a fee); and 4. does not distribute, publish or otherwise provide or make available any data to any third party in any manner whatsoever. For the purposes of this Appendix 1, end users in respect of whom the User has reporting obligations to JSE Limited shall be referred to as Reportable Users. If a Reportable User does not notify the User of his/her non-professional/private status, then such Reportable User will, for the purposes of this Price List, be construed as a professional/ corporate user (and notwithstanding their actual status may be non-professional/private user). It is the responsibility of the User to ensure that - (i) each Reportable User delivers to the User the Non-Professional Reportable User Confirmation where indicated above. The JSE shall not be obliged to make any enquiries in this regard; (ii) the Reportable User notifies the User of any change in his/her status in accordance with the above definition; (iii) the User notifies the JSE of any changes in a Reportable User s status disclosed in the ENDF in accordance with the above definition; and (iv) the User retains all such Non-Professional Reportable User Confirmations for a minimum period of three years from the date of receipt. 12

14 APPENDIX 2 FTSE/JSE CORE INDICES The FTSE/JSE Core Indices range include all Local FTSE/JSE Headline and Sector Indices that are Market Cap weighted, hence excluding SWIX, Equally Weighted, Capped (Excluding J254), RAFI, Shariah, Preference Share, Style Dividend Plus and RI Headline Indices IndexCode IndexName J200 Top 40 J201 J202 J203 J204 Mid Cap Small Cap All Share Fledgling Tradable Indices IndexCode IndexName J200 Top 40 J150 Gold Mining J210 Resource 10 J211 Industrial 25 J212 Financial 15 J213 Financial and Industrial 30 J232 J233 ALT X 15 J253 Alternative Exchange SA Listed Property Industry Indices IndexCode J500 J510 J520 J530 J533 J537 J540 J550 J560 J570 J575 J580 J590 IndexName Oil & Gas Basic Materials Industrials Consumer Goods Food & Drug Retailers General Retailers Health Care Consumer Services Telecommunication Utilities Travel & Leisure Financials Technology Sub Sector Indices IndexCode J150 J151 J152 J153 J154 IndexName Gold Mining Coal Mining Diamond & Gemstone Platinum & Precious Metals General Mining Africa Secondary Market Indices IndexCode J230 J231 J232 IndexName Development Capital Venture Capital Alternative Index 13

15 APPENDIX 2 FTSE/JSE CORE INDICES continued The FTSE/JSE Core Indices range include all Local FTSE/JSE Headline and Sector Indices that are Market Cap weighted, hence excluding SWIX, Equally Weighted, Capped (Excluding J254), RAFI, Shariah, Preference Share, Style Dividend Plus and RI Sector Indices IndexCode J055 J057 J153 J173 J175 J177 J235 J254 J255 J256 J257 J258 J271 J272 IndexName Oil & Gas Producers Oil Equipment &services Chemicals Forestry & Paper Industrial Metals & Mining Mining Construction & Materials Capped Property Property Unit Trust Property Loan Stock SA Industrials SA Resources Aerospace & Defense General Industrials Sector Indices IndexCode J273 J275 J277 J279 J335 J353 J357 J372 J374 J376 J378 J453 J457 J533 IndexName Electronic & Electrical Equipment Industrial Engineering Industrial Transportation Support Services Automobiles & Parts Beverages Food Producers Household Goods & Home Construction Leisure Goods Personal Goods Tobacco Health Care Equipment & Services Pharmaceuticals & Biotechnology Food & Drug Retailers Sector Indices IndexCode J537 J555 J575 J653 J657 J753 J757 J835 J853 J857 J877 J898 J953 J957 IndexName General Retailers Media Travel & Leisure Fixed Line Telecommunications Mobile Telecommunications Electricity Gas, Water & Multiutilities Banks Nonlife Insurance Life Insurance General Financial Equity Investment Instruments Software & Computer Services Technology Hardware & Equipment 14

16 For additional information contact: JSE Market Data DISCLAIMER: FTSE is a trade mark of the London Stock Exchange Group companies, JSE a trade mark of JSE Limited and both are used by FTSE International Limited ( FTSE ) under licence. The FTSE/JSE indices are calculated by FTSE in conjunction with the JSE. Neither FTSE or the JSE sponsor, endorse or promote this product and are not in any way connected to it and does not accept any liability. All intellectual property rights in the index values and constituent list vest in FTSE and the JSE. The JSE has obtained full licence from FTSE to use such intellectual property rights in the creation of this product Compiled: April