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Data Licensing
Determine the licence required to use, distribute, or derive value from NZX market data.
NZX market data licensing is based on how the data is accessed, used, and distributed.
Contact us: data@nzx.com
What licence do I need?
I want to… | Licence type |
|---|---|
Redistribute NZX data to end users (e.g. platforms, terminals, or websites) | Distribution Licence |
Use NZX data in non-display applications (e.g. trading systems, models, or algorithms) | Non-Display Application Licence |
Use NZX data in connection with financial products or indices (e.g. ETFs, funds, or structured products) | Index & Financial Product Licence (IFPLA) |
Create new datasets derived from NZX data | Derived Data Licence |
Not sure which licence applies? Contact us and we’ll help you determine the right option.
Important: The information on this page is provided as general guidance only and is subject to change without notice. It does not constitute a complete description of all licensing obligations and does not override or replace the terms of the NZX Information Licence Agreement (ILA), the NZX Index and Financial Product Licence Agreement (IFPLA), or any other agreement between you and NZX. The licence categories described below are indicative and not exhaustive - your obligations are determined by the specific terms of your licence agreement with NZX. For definitive guidance on your licensing requirements, contact data@nzx.com.
Distribution Licence
Required for vendors and distributors who redistribute NZX market data to end users. Fees are based on data type (Equity Market, Indices, Announcements) and timeliness (real-time, delayed, or end-of-day).
Distribution licences are available for both equity and equity derivatives markets.
Note: All equity derivatives market data fees are currently 100% discounted until 1 May 2028.
Non-Display Application Licence
Required for any use of NZX real-time data in non-display applications, including, but not limited to, automated trading, portfolio valuation, risk management, and order routing. Fees are charged per unit of count and vary depending on whether the application is revenue-generating.
An enterprise-wide Community Licence is available as an alternative to per-unit pricing.
Non-display licences are available for both equity and equity derivatives markets.
For guidance on whether your use case qualifies, refer to the NZX Non-Display Application Policy.
→ NZX Non-Display Application Policy
Index & Financial Product Licence (IFPLA)
Required for any party using NZX market data or S&P/NZX index data in connection with the creation, calculation, or pricing of financial products or indices. This includes, but is not limited to, ETFs, funds, structured products, and custom indices.
Fees are determined based on the nature of the product and use case. Contact us to discuss your requirements.
→ NZX IFPLA Terms and Conditions
Derived Data
If you use NZX market data to create new data products, a Derived Data Licence may be required.
Contact us to discuss your use case.
Licence Agreements & Resources
Use of NZX market data is governed by the NZX Information Licence Agreement (ILA) or the NZX Index and Financial Product Licence Agreement (IFPLA), depending on the nature of use.