Equity PTS Fee ScheduleVersion 3.0
December 1st 2023

Trading Fees
ServiceFeeNotesMembership¥900,000Per monthTradingCommission

Nighttime Market

0.4 bpsDaytime Market

0.2 bps

X-Market

0.6 bps for DLP 1
1.0bps for SDLP 2

U-Market

0.2 bps

Data Handling Fee

Of the traded value¥50

Per executed symbol per day

1

DLP: “Designated Liquidity Provider” defined by Japannext.

2

SDLP: “Specialist Designated Liquidity Provider” defined by Japannext.

Connectivity Service Fees
•Initial fees apply separately.

ServicePrivate Telecom Circuit with ManagedService
Indirect Connectivity via Third Parties/Extranet Service Providers 1
IPSEC VPN over Internet
1

Monthly FeeNotes

Please consult

PROD Market Data and PROD Order Entry environment should be separated¥99,100

Per Third Tarty/ Extranet Service Provider¥25,000

Available in UAT only

Market data and order entry forwarding charged separately.

Co-location Service Fees•

Refer to Co-location Service Guide for technical details.

•Initial fees apply separately.

ServiceMonthly FeeNotes

Full Rack (Premium)¥500,000

46U/47U

Full Rack (Standard)¥330,000

41U

Half Rack (Standard)¥220,000

20U

PowerPlease consult

6kVA/4kVA/3kVA/2kVA

Switch Management¥11,000

40G Fiber¥44,000

Per connection

10G Fiber¥22,000

Per connection

1G RJ45 or Fiber¥11,000

Per connection

Options
GatewayConnection(from Colocaion Rackto JNX PTSMatchingEngine)

In-house/Inter-room Fiber

Please consult

Smart Hands ServicePlease consult

24 x 7 support is available

2

Service Utilization Fees•

A single Session ID is used to connect to both primary and secondary servers.

•A separate Session ID is required to connect to each market.

•Physical connectivity fees apply.

MembersService

Monthly Fee (Production)

Monthly Fee (UAT)

Notes
Per Session ID

Order Entry

Drop Copy

Market Data

Market AccessControl (MAC)

Standard FIX¥20,000¥5,000Standard OUCH

¥40,000¥10,000

Dedicated OUCH

Please consult

N/A

Drop Copy¥25,000¥6,250Per Session ID

Per Order EntrySession ID¥5,000N/A

Per Session ID subscribed toa Drop Copy

ITCH TCP 1¥20,000¥5,000Per Session ID

ITCH Multicast 1¥20,000¥5,000Per physical port pair

GLIMPSE 1 2¥10,000¥2,500Per Session ID

Basic Fee

¥20,000¥5,000Inclusive of first 10 associated Order Entry Session IDs

Per Additional OderEntry Session ID¥2,000N/A

Per Additional Oder EntrySession ID

1

Member’s market data license agreement is required.

2A separate subscription is required for each ITCH market data feed consumer.

Throttled at 500 messages
per second
Per Session ID
Throttled at 500 messages
per second

Order Entry Availability Matrix
Availability
Order Entry Matrix

Nighttime Market

Daytime Market

X-Market

U-MarketStandard FIX

**

*

N/A

Standard OUCH

**

*

*

Dedicated OUCH

N/A

*

N/A

N/A

3

Market Data Service Providers
ServiceMarket Data

Monthly Fee (Production)

Monthly Fee (UAT)

Notes

ITCH TCP 1¥60,000¥15,000

Per Session ID

ITCH Multicast 1¥60,000¥15,000

Per physical port pair

GLIMPSE 1 2¥10,000¥2,500Per Session ID¥1,200,000-Market Data Redistribution License
1Service provider’s market data license agreement is required.

2

A separate subscription is required for each ITCH market data feed consumer.

Third Parties
ServiceMonthly Fee (Production)

Monthly Fee (UAT)

Notes

Standard FIX

N/A¥5,000Per Session ID

Standard OUCH

N/A

¥10,000

Per Session ID

N/A¥6,250Per Session ID

ITCH TCP 1¥20,000¥5,000Per Session ID

ITCH Multicast 1¥20,000¥5,000Per physical port pair

GLIMPSE 1 2¥10,000¥2,500Per Session ID

Order Entry

Drop Copy

Market Data

1Third party market data license agreement is required.

2

A separate subscription is required for each ITCH market data feed consumer.

Other Service Fees
ServiceMonthly FeeNotes

SOR (Smart Order Routing) ServicePlease consult

Per service4