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 99.98%.

100% System availability in 17 of the last 23 quarters for Trade Metrics and 18 of the last 23 quarters for Quote Metrics.

Current capacity messages per 100 milliseconds of 215,000 for quote feed and 132,880 for trade feed.

Capacity above peak with capacity-to-peak ratio of 5.8:1 for the quote feed and 8.2:1 for the trade feed.

Current average latency of about 500 microseconds.


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 Pricing.


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

Data Feed & System Applications


Usage Reporting Application


UTP Data 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.



UTP Data Policies - Redlined Versions


Quarterly Metrics


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


UTP Participant Active


Trade Support Contact


BATS Exchange, Inc (BATS; BATS Y) 8050 Marshall Drive, Lenexa, KS 66214 BATS Trade Desk (913) 815-7001
Direct Edge (EDGA; EDGX) 8050 Marshall Drive, Lenexa, KS 66214 EDGE Trade Desk (201) 942-8253
Chicago Stock Exchange 440 South LaSalle Street, Chicago, IL 60605 CHX Trouble Desk (312) 663-2111
Financial Industry Regulatory Authority 1735 K Street, NW, Washington, D.C. 20006-1500 FINRA Market Operations (866) 776-0800
The Nasdaq Stock Market 165 Broadway, 50th Floor, New York, NY 10006 NASDAQ Operations Center (212) 231-5180
Nasdaq OMX PSX 1900 Market Street, Philadelphia, PA 19103 NASDAQ PSX Operations Center (212) 231-5180
Nasdaq OMX BX 165 Broadway, 50th Floor, New York, NY 10006 NASDAQ BX Operations Center (212) 231-5180
NYSE Arca 11 Wall Street, 17th floor, New York, NY 10005 NYSE Service Desk (212) 896-2803
New York Stock Exchange (NYSE) 11 Wall Street, 17th floor, New York, NY 10005 NYSE Service Desk (212) 896-2803
NYSE MKT 11 Wall Street, 17th floor, New York, NY 10005 NYSE Service Desk (212) 896-2803
National Stock Exchange 101 Hudson St Suite 1200, Jersey City NJ 07302 NSX Service Desk (800) 843-3924

UTP Participant Inactive

Chicago Board Options Exchange 400 South LaSalle Street, Chicago, IL 60605 CBSX Service Desk (312) 786-7100
International Securities Exchange 60 Broad Street, New York, NY 10004 ISE Service Desk (877) 473-9989


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




UTP Level 1 Data

SUBSCRIPTIONS to UTP VENDOR ALERTS Subscription to UTP Vendor Alerts:
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
Four Irvington Centre
805 King Farm Boulevard
Rockville, MD 20850


Email: admin@utpplan.com
Phone: +1 301 978 8080
Fax: +1 301 978 5295