Twelve Data delivers comprehensive, pan-European equities pricing by licensing and integrating real-time and delayed market data from Cboe Europe Equities (Cboe UK + Cboe NL). Cboe Europe operates the largest pan-European stock exchange by value traded and market share, and also runs BXTR, Europe’s leading trade reporting facility for off-exchange (OTC) activity. For many use cases, a single Cboe Europe license can replace a patchwork of national exchange feeds and materially simplify compliance and costs.
What data do we take from Cboe Europe
Core feeds & content (Equities):
Last Sale: post-trade prints, including Cboe on-book executions, Exchange Trade Reports, and BXTR OTC prints
BXTR: Europe’s largest OTC reporting tape (off-exchange trades, 3rd-party MTF trades, pre-trade SI quotes)
Level 1 (Top): on-demand
Level 2 (Depth): on-demand
We also support delayed/historical distributions and (when needed) licensing options for Derived Works / Financial Products (e.g., CFD/spread betting pricing, structured products).
Why Cboe Europe for EU coverage (vs. national exchanges)
Pan-EU breadth, one agreement. Coverage across the major European markets with one license, plus extensive OTC (BXTR) prints bundled with the real-time content.
Market share & liquidity view. Cboe Europe consistently ranks at or near the top by European value traded; a substantial portion of European trades by value are published on Cboe feeds, giving strong price transparency.
Cost efficiency. Pricing is designed for pan-EU distribution, with non-professional display fees waived and competitive per-user pricing for professionals—far simpler and cheaper than multiple national feed agreements.
OTC visibility via BXTR. Access to the largest EU trade reporting facility—critical for a complete post-trade picture.
In practice, teams that only need pan-EU top-of-book and OTC prints can avoid negotiating several national exchange licenses and audits while retaining excellent coverage.
Countries supported by Cboe Europe
Here is a list of European countries whose equities, ETFs/ETPs, or depositary receipts are traded and covered via Cboe Europe’s feeds and markets.
United Kingdom
Austria
Belgium
Czech Republic
Denmark
Finland
France
Germany
Hungary
Ireland
Italy
Netherlands
Norway
Poland
Portugal
Spain
Sweden
Switzerland
How Cboe Europe licensing works
Cboe Europe licenses are organized by use (Display vs Non-Display), audience (Professional vs Non-Professional), and distribution (Internal vs External). Key definitions below are summarized from Cboe’s policy.
Customer categories
Non-Professional data user: a natural person using data personally (not on behalf of a business). Display fees are waived for this category.
Professional data user: any user at a business or using data to provide regulated/for third-party services. Display fees apply.
Use types
Display use: humans viewing data on screens. Two models:
Direct model (per internal user bands)
Vendor model (per-access per professional, Non-professional display fees are waived.)
Non-Display use: machine/app uses—algo trading, SOR, risk/portfolio systems, operation of trading platforms/SIs/MTFs, etc. Charged as a flat monthly fee per chosen market segment(s) (with a monthly cap). BXTR is a flat fee.
Distribution:
Internal distribution fee if you receive a real-time datafeed but hold only display rights (i.e., no external/ND license).
External distribution/media for redistributing data to clients or media.
Derived works / financial products: licenses for pricing CFDs/spread bets/structured products, API distribution to partner platforms, index creation, APA-derived data, etc.
Non-Professional vs Professional — What it means at Twelve Data
Access to Cboe Europe is granted via the Data add-ons page inside the Dashboard. You can choose between two models:
If you, as a user, self-certify as non-professional, Cboe’s display fee is waived for you. Access will be granted within a day after Twelve Data's internal review. Data delay is based on your plan.
For professional users, we will need to put you in contact with Cboe to obtain an appropriate license for your use case. Data delay will be based on your newly obtained license.
Typical use cases & worked pricing examples
These examples illustrate Cboe Europe fees only. Your Twelve Data platform fee is separate (and we’ll bundle/align reporting to keep compliance simple).
1) Consumer-facing charts (website + mobile), non-professional audience only
Need: External Distribution (last price), non-professional display (waived)
Cboe items: External Distribution Last Price All Markets £1,065
Total (Cboe): £1,065/mo
2) B2B SaaS dashboard with professional clients (last sale only)
Need: External Distribution (last sale) + Vendor Model professional access
Cboe items: External Dist. Last Sale £1,065 + Vendor Model £25 per professional access user
Example: 100 pro logins → £2,500
Total (Cboe): £3,565/mo (plus any internal distribution if you also receive a real-time feed strictly for display without external rights)
3) Quant fund using data for algos & SOR across UK/DE/FR (non-display)
Need: Non-Display across 3 market segments (e.g., UK, DE, FR)
Cboe items: ND per segment last sale £175 × 3 = £525 (well below cap)
Total (Cboe): £525/mo (add BXTR ND fee if OTC logic needed)
4) Retail broker creating CFDs with public web charts
Need: Financial Product (CFD) L1 £2,100 (+ L2 if required), External Distribution (for web/app charts), Vendor-model for any professional clients; NP display waived.
Add-ons: Financial Product API client fees if white-label/API distribution to partners is planned.
Have a different setup (e.g., delayed/historical only, indexes, APA derived, or white-label media)? We’ll tailor the exact combination and reporting.
Cboe vs. “primary-exchange-per-country” approaches
One license, many markets. You avoid negotiating separate licenses (and audits) with, say, Xetra, Euronext, LSE, BME, etc.—and still capture a large share of EU trading plus OTC via BXTR.
Coverage where trading happens. A meaningful proportion of European trades (by value) print on Cboe; in several markets, Cboe’s share rivals or exceeds the national exchange, and BXTR dominates OTC prints—useful for best-execution analytics.
Lower friction for consumer apps. With non-professional display fees waived, consumer portals and investor apps can scale viewership without per-user market-data fees.
Compliance & reporting with Twelve Data
User attestation & audit trail. We implement non-professional/professional attestation and maintain the records Cboe requires (e.g., three-year retention).
Entitlements & segmentation. We can entitle by use (display vs non-display), by market segment, and by product (e.g., BXTR vs Last Sale).
Monthly reporting. We prepare the pro-user counts, access records, and distribution usage aligned to Cboe’s Direct or Vendor model requirements.
Onboarding checklist
Visit the Data add-ons page.
Select non-professional vs. professional usage.
Submit the form.
If non-professional, the access will typically be granted within a few hours. If professional, we will put you in contact with the exchange.
Frequently asked questions
Do I need Level 1 / 2 data?
Only if you show depth ladders, book-based analytics, or need more granular liquidity signals. Otherwise, Last Sale (plus BXTR) is sufficient for most consumer apps and broker dashboards.
Is non-display needed for alerts/screeners/charts?
If the product is purely display (no machine-driven trading/risk functions), typically not. If an engine is making trading or routing decisions (algos, SOR, in-house execution), that’s non-display. Check specifics against Cboe’s ND definitions.
What about delayed only?
Cboe offers historical and delayed distribution tiers at lower fees; this can be enough for news/education portals.
Can I create indices or CFDs from Cboe data?
Yes—requires the Financial Product / Index licensing shown in the price list and policy.
Next steps
Ready to scope your exact setup? Email api@twelvedata.com or chat with us on the website, and we’ll map your use case to the lightest-weight license stack, wire up user attestations, and handle the monthly reporting.