This topic describes the billing rules and prices of different editions of CloudQuotation.

Billing rules

CloudQuotation adopts the pay-as-you-go billing method. After you report your usage of CloudQuotation within a billing cycle, you are charged based on the number of reported users, including both professional and non-professional users.
  • Billing cycle
    You are charged for CloudQuotation on a monthly basis. The usage duration of less than a month is charged as a month. Before 18:00 on the last day of each month, you must report the usage of the current month. The actual usage represents the number of professional and non-professional users of CloudQuotation in your enterprise.
    Note If your reported usage is inconsistent with the actual usage, or you miss the deadline, your services are suspended, and you may face auditing that is performed by exchanges.
  • Billable items and prices

    After you report your usage before 18:00 on the last day of each month, Alibaba Cloud generates a bill before the third day of the following month. You must pay for your usage that occurred during the last month within 7 to 15 days after a bill is generated. If you do not pay the bill within the specified period, Alibaba Cloud suspends CloudQuotation data services that are provided to you.

    CloudQuotation provides the non-enterprise editions that charge you based on your usage, and enterprise editions that charge you based on fixed prices. The prices of using non-enterprise editions vary based on the number of reported professional and non-professional users. The following tables show you the detailed prices of different editions. If you use enterprise editions, the monthly price is fixed, the resource usage is unlimited, and you are allowed to have a maximum of 99,999,999 users.
    Note Fee to be paid = Basic fee + Number of reported non-professional users who use PCs × Unit price of PC users + Number of reported non-professional users who use apps × Unit price of app users + Number of reported professional users who use PCs × Unit price of PC users + Number of reported professional users who use apps × Unit price of app users
Edition Basic fee (monthly recurring charge) Unit price of PC users (monthly recurring charge) Unit price of app users (monthly recurring charge)
Non-professional user Professional user Non-professional user Professional user
Basic Edition USD 10,000.00 USD 1.00 N/A USD 1.00 N/A
Basic Edition Plus USD 22,000.00 USD 1.00 N/A USD 1.00 N/A
Standard Edition USD 12,000.00 USD 1.00 USD 26.00 USD 1.00 USD 26.00
Standard Edition Plus USD 23,000.00 USD 1.00 USD 26.00 USD 1.00 USD 26.00
Advanced Edition USD 15,000.00 USD 15.00 USD 76.00 USD 15.00 USD 76.00
Advanced Edition Plus USD 26,000.00 USD 15.00 USD 76.00 USD 15.00 USD 76.00
SEC USDelayed DCC USD 3,000.00 N/A
Index USIndex DCC USD 3,500.00 USD 7,000.00
Edition Basic fee (monthly recurring charge) Unit price of PC users (monthly recurring charge) Unit price of app users (monthly recurring charge)
Non-professional user Professional user Non-professional user Professional user
Basic Enterprise Edition USD 90,00.00 USD 44,000.00
Basic Enterprise Edition Plus USD 13,000.00 USD 52,000.00
Standard Enterprise Edition USD 11,000.00 USD 103,000.00
Standard Enterprise Edition Plus USD 14,000.00 USD 111,000.00
Advanced Enterprise Edition USD 13,000.00 USD 503,000.00
Advanced Enterprise Edition Plus USD 16,000.00 USD 511,000.00

Billing example

For example, you use Standard Edition of CloudQuotation, and you have 20 professional users and 5,000 non-professional users who use the terminal app. After you report the usage, the fee that you need to pay is calculated based on the following equation:

USD 17,520.00 = USD 12,000.00 + 5,000 × USD 1.00 + 20 × USD 26.00

Definition of non-professional users

A non-professional user of CloudQuotation for US stocks refers to an individual who only receives and uses quotation information for personal and non-commercial purposes and who is not a securities professional. A natural person who satisfies the following conditions is regarded as a non-professional user:
  • Not registered or qualified with security agencies, including the US Securities and Exchange Commission (SEC), the US Commodity Futures Trading Commission (CFTC), US state securities agencies, securities exchanges or associations in Hong Kong, China, the Chinese mainland, or outside China, and commodities or futures contract markets or associations outside China.
  • Not engaged in work as an investment advisor that is defined in Section 202(a) (11) of the Investment Advisors Act of 1940 regardless of whether the individual is registered or qualified under that Act, and not licensed or registered with financial regulatory bodies in Hong Kong, China, the Chinese mainland, or outside China.
  • Not employed by a bank or other organizations exempt from registration under US Federal and/or state securities laws to perform functions that would require them to be so registered or qualified if they were to perform such functions for an organization not so exempt, and not engaged in securities, banking, investment, or financial activities on behalf of regulated financial institutions in Hong Kong, China, the Chinese mainland, or outside China.