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    • Market Data Policy

Market Data Policy - Operational and Reporting Technical Specs

With SEM's trading technology, we can provide you FIX (Level 1 and level 2), Text-File Delayed and EOD for instrument, index and corporate file data [corporate announcements (CA), 1/4 issuer financials]. SEM's website infrastructure also provides secured cloud services for market participants to relay data feeds onto their websites.

 

In line with international practice, any form of distribution for all dissemination frequencies of Real-Time Level 1/2 and/or EOD by Data Distributors and Re-distributors (to receive SEM data and re-distribute it to Data Users), as a standard practice requires SEM's approval and licensing with SEM as Contracted Distributing Users. Whether as a SEM Data User, you receive SEM data direct from SEM or Contracted Distributing Users for Display-Use and/or Non-Display Use, you are governed by SEM's Market Data Policy.  If in relation to a contracted user, as a client to whom the contracted user distributes SEM data which you wish to use for external Display distribution, or as an affiliate or subsidiary or client you wish to use SEM's data for Non-Display use, you must be licensed with SEM in the capacity of a Re-Distributor, and hence be subject as a Contracted User, to applicable Display and/or Non-Display fees.

 

The operational and compliance technical documents below (“Policy”) represent a statement of the MDP, effective as of 01-July-2022, and govern the use, redistribution, display, non-display and reporting of Data (as defined) by Distributors, Redistributors, Clients (each Contracted User, as defined) and all Data Users. Distributors and Redistributors as Contracted Distributing Users must ensure their Data Users accessing SEM’s Data are aware of and comply with SEM's MDP, including relevant charges, reporting requirements and usage restrictions. For market data subscription, contact your Contracted Distributing User or contact us on https://www.stockexchangeofmauritius.com/contact-us.

INTRODUCTION, DEFINITION AND APPLICATION

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TERMS AND CONDITIONS.

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DATA APPLICATION FORM

In the Data Application Form, if applicable, the proposed Data User must clearly indicate which Data will be used and whether such Data will be used:

  1. in relation to, INTERNAL DISPLAY use only. where the Data User allows only internal Individual End Users to use the Data by means of display applications and not for Non-Display Use (which internal display distribution will not require the Data User to enter into a data agreement with the SEM); or
  2. in relation to, EXTERNAL DISPLAY DISTRIBUTION only. where, in addition to possible distribution to internal Individual End Users, the Data User distributes such Data to external End Users by means of display applications (which external display use will require the Data User to enter into a data agreement with the SEM); or
  3. in relation to, NON-DISPLAY Use. where the Data User uses such Data to support one or more Non-Display Uses. (Note that certain Non-Display Use, including the use of Specified Data, will require the Data User to enter into a data agreement with the SEM); or
  4. in a COMBINATION of any of the above three uses (which will, in relation to Non-Display Use and/or redistribution, require the Data User to enter into a data agreement with the SEM).

DISPLAY USAGE DATA ANNUAL FEES

EQUITY/DEBT DATA LEVELS NOTES ANNUAL FEES (USD) BILLING FREQUENCY

FIXED DISPLAY DATA USAGE ANNUAL LICENSE FEES FOR DISTRIBUTORS AND REDISTRIBUTORS

Connection fees

VPN (2 VPN Tunnels)

9200

Quarterly

Real Time Data Level 1

Best bid/ask, volume, value, confirmed trade) - incl SEM Indices, Delayed/EOD Data Redistribution + Corporate Actions/Published a/cs

15000

Quarterly

Real Time Data Level 2

Full Order Book - incl Level 1, SEM Indices and Delayed/EOD Data Redistribution + Corporate Actions/Published a/cs

20000

Quarterly

Real Time Index Data

SEM Indices

5000

Quarterly

Delayed Data

Level 1 (confirmed trade) includes EOD Data Redistribution + Corporate Actions/Published a/cs

11000

Quarterly

Delayed Index Data

SEM Indices

2000

Quarterly

EOD Data

EOD Data licence includes EOD Corporate Actions/Published a/cs

9000

Quarterly

LISTED COMPANY LICENCE

Delayed Equity/Index Data

Push from SEM website servers

4000

Annual

EOD Equity/Index Data

Push from SEM website servers

1000

Annual

XML Development

XML development for SEM website Push Notification

Contact SEM

One-off

REAL-TIME EQUITY/DEBT DISPLAY DATA USER MONTHLY FEES BY UNIT OF COUNT

EQUITY AND DEBT DATA MONTHLY VARIABLE FEE BY UNIT OF COUNT BILLING FREQUENCY

Level 2

15

Quarterly

Level 1

11

Quarterly

SEM Indices

3

Quarterly

REAL-TIME EQUITY NON-DISPLAY DATA USAGE ANNUAL LICENCE FEES

EQUITY NON-DISPLAY DATA ANNUAL FEES (USD) BILLING FREQUENCY

FIXED LICENSE FEES

Unlimited Internal

Level 1/Delayed

11000

Quarterly

Level 2

15000

Quarterly

Unlimited External

Level 1/Delayed

17000

Quarterly

Level 2

22000

Quarterly

VARIABLE FEES (CHARGED PER APPLICATION/UNIT - CAPPED AT 2 UNITS)

Limited Internal

Level 1/Delayed

1600

Annual

Level 2

2000

Annual

Limited External

Level 1/Delayed

2500

Annual

Level 2

3000

Annual

END-OF-DAY EQUITY NON-DISPLAY DATA USAGE ANNUAL LICENCE FEES

EQUITY NON-DISPLAY DATA ANNUAL FEES (USD) BILLING FREQUENCY

FIXED LICENSE FEES

Unlimited External

9000

Annual

VARIABLE FEES (CHARGES PER INDEX/UNIT - CAPPED AT 2 UNITS)

Limited External

1000

Annual

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