Overview

The UTP Plan governs the collection, processing and distribution of all UTP Level 1 data. The UTP Plan is administered by the participant exchanges and associations listed under Participants. These organizations determine policy matters and oversee system operations. The UTP Plan has been approved by the Securities and Exchange Commission (SEC).

 

Amendments to the plan are filed with the SEC in accordance with Section 11A of the Securities Exchange Act of 1934. The UTP data feeds consist of one network, Tape C, which is the single source of consolidated market data for Nasdaq-listed securities. The UTP Securities Information Processor (SIP) makes available the UTP Level 1 information on data feeds. The UTP Quote Data Feed (UQDF) provides continuous quotations from all market centers trading Nasdaq-listed securities. The UTP Trade Data Feed (UTDF) provides continuous last sale information from all market centers trading Nasdaq-listed securities.

 

If you have any questions regarding the UTP Plan, please send an email to admin@utpplan.com

 

Facts about the Securities Information Processor (SIP):

 

The Securities Information Processor (SIP) links the U.S. markets by processing and consolidating all protected bid/ask quotes and trades from every trading venue into a single, easily consumed data feed.

 

The SIP disseminates and calculates critical regulatory information including the National Best Bid and Offer (NBBO), and Limit Up Limit Down (LULD) price bands among other important regulatory information such as short sale restrictions, and regulatory halts.

 

System resiliency for the SIP consists of:

 

Secondary back-up server running in parallel (hot/hot) to the primary server, which allows exchanges to immediately reconnect if there is a primary service disruption.

Fully redundant back-up site running hot/warm with a 10 minute recovery time requirement or less if there is a full system failure at the primary site.

System availability requirement of 100%.

100% System availability in 19 of the last 30 quarters for Trade Metrics and 19 of the last 30 quarters for Quote Metrics.

Current capacity messages per 100 milliseconds of 283,100 for quote feed and 300,000 for trade feed.

Capacity above peak with capacity-to-peak ratio of 4.9:1 for the quote feed and 15.2:1 for the trade feed.

Current latency at the median is about 16-17 microseconds for the UTP Data Services.

 

As of Q3, 2017, this data is available monthly and historically in the Metrics.

 

Other facts about the Consolidated Tape:

 

Competitive fees providing access to consolidated protected quotes and trades for every market. Pricing information can be located at UTP Data Policies.

 

Millions of professional and nonprofessional investors have access to real-time prices via the consolidated tapes. Most nonprofessional investors do not pay fees because the low cost allows for brokerage firms to include real-time prices as part of their service.

 

The consolidated tapes simplify compliance and implementation with regulations such as Reg NMS, short sale, limit up/limit down and best execution.

 

The Operating Committee and the Advisory Committee meet quarterly with the SEC and the members of the CTA Advisory Committee to review SIP performance and discuss policy matters.

 

The Advisory Committee consists of representatives from a Retail Institution, the Vendor community, Institutional Brokerage Community, the ATS’s and an Individual Investor. All Advisory members are also members of securities industry groups (e.g. the Financial Information Forum (FIF) and the Securities Industry and Financial Markets Association (SIFMA).

Data Admin

Policies

Under the terms of the UTP Vendor Agreement, vendors of UTP Information must adhere to the following data policies. Pricing and policies are updated as needed. The below policy documents are regularly updated.

 

Note: Any interim updates are communicated to customers via UTP Vendor Alerts.

 

Data Feed & System Applications

   
   

Technical

UTP Data Services

UTP Data Recipient Specification Documents– production launched October 24, 2016

 

Technical Documents

 

FINRA Services

The Financial Industry Regulatory Authority (FINRA) is the owner of the FINRA OTC Reporting Facility (ORF), OTC Bulletin Board (OTCBB), and TRACE systems.
FINRA is responsible for all technical product management related to BBDS and TDDS 2.0.

 

Metrics

QUARTERLY METRICS

2017

2010

* Features a new format going forward with additional information and historical metrics from 2010.

MONTHLY METRICS

Participants

UTP Participant - Active

Address

Trade Support Contact

Phone

Bats BYX Exchange, Inc. 8050 Marshall Drive, Lenexa, KS 66214 Bats Trade Desk (913) 815-7001
Bats BZX Exchange, Inc. 8050 Marshall Drive, Lenexa, KS 66214 Bats Trade Desk (913) 815-7001
Bats EDGA Exchange Inc. 8050 Marshall Drive, Lenexa, KS 66214 Bats Trade Desk (913) 815-7001
Bats EDGX Exchange Inc. 8050 Marshall Drive, Lenexa, KS 66214 Bats Trade Desk (913) 815-7001
Chicago Board Options Exchange 400 South LaSalle Street, 26th Floor, Chicago, IL CBOE Service Desk (312)786-5600
Chicago Stock Exchange 440 South LaSalle Street, Chicago, IL 60605 CHX Trouble Desk (312) 663-2111
Financial Industry Regulatory Authority (FINRA) 1735 K Street, NW, Washington, D.C. 20006-1500 FINRA Market Operations (866) 776-0800
International Securities Exchange (ISE) 60 Broad Street, New York, NY 10004 ISE Service Desk (877) 473-9989
Investors’ Exchange LLC (IEX) 4 World Trade Center, 44th Floor, New York, NY 10007 IEX Market Operations (646) 343-2300
NASDAQ BX, Inc. 165 Broadway, 50th Floor, New York, NY 10006 NASDAQ Operations Center (212) 231-5180
Nasdaq PSX 1900 Market Street, Philadelphia, PA 19103 NASDAQ Operations Center (212) 231-5180
NASDAQ Stock Market LLC 165 Broadway, 50th Floor, New York, NY 10006 NASDAQ Operations Center (212) 231-5180
New York Stock Exchange LLC 11 Wall Street, New York, NY 10005 NYSE Service Desk (212) 896-2803
NYSE Arca, Inc. 11 Wall Street, New York, NY 10005 NYSE Service Desk (212) 896-2803
NYSE MKT LLC 11 Wall Street, New York, NY 10005 NYSE Service Desk (212) 896-2803
NYSE National, Inc. 101 Hudson St Suite 1200, Jersey City NJ 07302 NYSE Service Desk (212) 896-2803

Support

All agreements and forms are administered by the UTP Data Administration.
Please email, fax or mail the completed documentation to admin@utpplan.com.

 

GENERAL CONTACT INFORMATION & NOTIFICATIONS

Contact

UTP Level 1 Data

SUBSCRIPTIONS to UTP VENDOR ALERTS Subscription to UTP Vendor Alerts:
Email: admin@utpplan.com
TECHNICAL QUESTIONS SIP participant issues +1 203 926 3400
Market Data Vendor/Subscriber UTP feeds issues +1 212 231 5180
REAL-TIME MARKET DATA EMERGENCY For a real-time market data emergency, please contact:
Phone +1 301 978 5307, Option #3

 

SIP participant issues +1 203 926 3400
Market Data Vendor/Subscriber UTP feeds issues +1 212 231 5180
MARKET DATA ADMINISTRATION UTP Admin c/o NASDAQ Global Data Products
Four Irvington Centre
805 King Farm Boulevard
Rockville, MD 20850

 

Email: admin@utpplan.com
Phone: +1 301 978 8080
Fax: +1 301 978 5295
MARKET DATA BILLING ISSUES +1 800 955 3898
billing@utpplan.com
CONTACT ADVISORY COMMITTEE UTP Advisory Committee
CONTACT SIP CHAIRPERSON UTP SIP Chairperson

System Description

DataFeed Approval Request

Alerts

Vendor Alerts

System Alerts

Alerts

System Alerts

Vendor Alerts

DataFeed Status

Data Piracy Reporting