REAL TIME MARKET DATA AGREEMENT - London Stock Exchange

More documents

Recommendations

Info

Public display wallboards and other public ‘ticker’ or Data displays attract one DataCharge per Device per Data Source for the display of London Stock Exchange Dataand one Public Display charge per Data Source for this display of Borsa Italiana Data.3.2.9 Remote devicesA laptop and other remote devices (such as palmtops, WAP telephones, tablets andPDAs which have the capacity to link directly to a PC) which are capable of receivingData from an office based Device (fee liable in the normal way) do not attract additionalData Charges as long as the office based Device is disabled (i.e. cannot be used) whilethe remote device is in operation and vice versa.3.2.10 Multiple applicationsWhere a Unique User Id or Device is permitted access to Data via multiple displayapplications, the Data Charge applies per Unique User Id or Device per Data Source,regardless of the number of display applications.3.2.11 Text messagingFor text messaging services (such as SMS), the Per-Price Request or Pager and GSMphone tariffs apply to the display of London Stock Exchange Data. The SMS/MMStariffs apply to the distribution of Borsa Italiana Data via text message. Please note thatPremium Rate tariffs do not cover text messaging services.3.3 Derived data3.3.1 Licence fees, as detailed in Schedule B of this Agreement, apply to all Customers usingthe Data to calculate indices for commercial distribution (whether distributed real time,delayed or end of day). All such indices created from the Data must also be madeavailable by the Customer on a non-discriminatory basis and under reasonablecommercial terms.3.3.2 Customers may also choose to utilise real time Data to create other derived data valuesand/or benchmarks, often referred to as Original Works. No Data Charges are payablefor the internal or external distribution of such Original Works provided they cannot bereverse engineered in any way back to the underlying Data, and/or effectivelysubstituted for that Data. In the event that an Original Work can be reverse engineered,or used as a substitute, Data Charges as detailed in Schedule B will apply. If yourequire further clarification on a specific instance please contact the relevant Exchangebefore utilising the Data in this way.3.4 Attribution3.4.1 Redistributors should clearly state and display on their products that either the LondonStock Exchange or Borsa Italiana, as applicable, is the original source of the Data.29
4. Operational Controls4.1 Technical Controls4.1.1 Whilst Operational Controls may include either administrative or technical entitlementcontrols the most effective Operational Controls are likely to include technicalentitlement systems supported by documented administrative procedures.4.1.2 A possible component of an Operational Controls framework is the deployment of apermissioning system to assist in the correct distribution and reporting of Data.4.1.3 In order to be considered effective in any period Operational Controls must operate andreport at the level of individual Units of Count and auditable evidence of their operationmust be maintained. Please refer to the Market Data Audit Guidelines for further details.4.1.4 In the absence of effective Operational Controls, applied at the Device or Unique UserId level, the Exchanges reserve the right to apply Data Charges on the basis ofreasonable estimates of Devices or Unique User Ids with access to the Data. Forexample if Data is fed into a network which does not control access, then all Devices orUnique User Ids, with access to that network must be reported as fee liable for all levelsof Data available within the network.4.2 Contention4.2.1 Before implementing a contention-based system for the display and reporting of LondonStock Exchange Data, Customers must contact the London Stock Exchange for writtenapproval of their proposed system. Please note that prior approval of a contentionsystem does not constitute acceptance of the reported number of Devices or UniqueUser Ids.4.2.3 A contention system may be employed as an element of Operational Controls to allow adefined number of Devices or Unique User Ids to access London Stock Exchange Dataconcurrently. To conform to the requirements for contention, the Data must:a) be continuously updated – snapshot services are not permitted;b) have an auditable limit to the number of concurrent accesses;c) require all Devices or Unique User Ids to contend for access to the Data (no Devicesor Unique User Ids with dedicated access to be included).4.2.4 Any contention system that operates to include different categories of access, such asMember Professional users, Non-Member Professional users and Private Investors,must operate separate contention pools (with respective contention pool limits) for eachcategory.4.2.5 Please note that contended access is not permitted on Private Investor Level 2 DataCharges.4.2.6 Contention may not be employed on a service or system based on rapid snapshots ofdata that give the impression of continuously updating.4.2.7 Once the contention limit is reached, no further accesses may be permitted until aDevice or Unique User Id has logged off.4.2.8 A Device or Unique User Id cannot be logged off automatically by the Redistributor atany point, with the exception of after the close of the trading day. Once a Device orUnique User Id has logged off, the screen must be cleared of Data and prevented fromreceiving further updates until the Device or Unique User Id logs on again.30
Page 1 and 2: REAL TIME MARKET DATAAGREEMENTVersi
Page 3 and 4: Category 3 - Other data licences ..
Page 5 and 6: Invoicing DetailsContact Name:Telep
Page 7 and 8: Level1UK dataLevel2Internationaldat
Page 9 and 10: Confirmation (for Group use only)Yo
Page 11 and 12: 151-200201-250251-300301-350>350Lis
Page 13 and 14: International DataOrder Book for Re
Page 15 and 16: 12.13.14.15.16.17.18.19.20.14
Page 17 and 18: End CustomerExchangeForce Majeure E
Page 19 and 20: avoidance of doubt, any rights so g
Page 21 and 22: 8. Assignment8.1 The Customer may n
Page 23 and 24: 15. Reporting and Direct Reporting1
Page 25 and 26: SCHEDULE A, MARKET DATA POLICIESANN
Page 27 and 28: 2. Introduction2.1 Purpose of this
Page 29: 3.2.5 Slave devices (not necessaril
Page 33 and 34: 4.4.8 Devices covered by per price
Page 35 and 36: 5.3 Free trials5.3.1 Free trial per
Page 37 and 38: 6. The Data Charge is designed to c
Page 39 and 40: include use within the back office,
Page 41 and 42: 7. Service Facilitators/Technical D
Page 43 and 44: SCHEDULE B, MARKET DATA PRICE LISTA
Page 45 and 46: Category 4 - Last trade price data
Page 47 and 48: Level 2 Data Charges include the re
Page 49 and 50: Redistributors when acting as End C
Page 51 and 52: Data groupsBorsa ItalianaA5, Level
Page 53 and 54: Level 2 (5, 10, 20 depth) €16.50L
Page 55 and 56: Other non interactive DevicesPrice
Page 57 and 58: 1. DefinitionsAll Definitions below
Page 59 and 60: 7.5 Premium Rate ServicesThe total
Page 61 and 62: 1. DefinitionsAll Definitions below
Page 63 and 64: 5.2 Redistributor reporting require
Page 65 and 66: 1. Audit Purpose1.1 The purpose of
Page 67: ) any deviations from the terms of

REAL TIME MARKET DATA AGREEMENT - London Stock Exchange

Create successful ePaper yourself

Delete template?

Save as template?