LLC- IB market data fees

Discussion in 'Data Sets and Feeds' started by Trend Fader, Jul 26, 2005.

  1. If I started an LLC and opened an institution account with Interactive Brokers,,, yet I am not licensed.. do I still have to pay professional data service fees to the exchanges?

    Is there any way to bybass this?
  2. From what I understand yes, if you want data, you will pay professional fees. There are two exceptions:

    1. You can always choose not to have market data with IB and get it elsewhere.

    2. If you pay professional fees elsewhere you can supply a letter to IB and get the pro fees waived.

    The definition of "professional" by the exchanges is broad, and the LLC would qualify you.
  3. Steve_IB

    Steve_IB Interactive Brokers