LLC- IB market data fees

T

Trend Fader

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?
 
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.
 
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