As a professional, I understand the importance of creating content that is not only informative but also optimized for search engines. In this article, we will discuss the agreement for receipt of consolidated network data and NYSE market data.
The Consolidated Tape Association (CTA) is responsible for consolidating and disseminating real-time trade and quote data from the major US exchanges, including the New York Stock Exchange (NYSE), NASDAQ, and the Cboe Global Markets. The CTA provides the Consolidated Tape System (CTS) for the dissemination of trade data and the Consolidated Quote System (CQS) for the dissemination of quote data.
The NYSE also provides its own market data, including trade data from the NYSE and NYSE American exchanges, and quote data from the NYSE Arca exchange. This market data is disseminated through the NYSE Integrated Feed (IF), which is a high-speed data feed that provides real-time data on all NYSE-listed securities.
Companies that wish to receive both the consolidated network data from the CTA and the NYSE market data must enter into an agreement for receipt of consolidated network data and NYSE market data. This agreement sets out the terms and conditions for the receipt, use, and distribution of the data.
One of the key provisions of the agreement is the requirement to use the data solely for internal business purposes. The data cannot be redistributed or used for commercial purposes, such as the creation of financial products or the provision of market analysis services to third parties. Additionally, the agreement requires that the data be kept confidential and not disclosed to unauthorized third parties.
Another important provision of the agreement is the requirement to pay the appropriate fees for the use of the data. Companies that wish to receive both the consolidated network data and the NYSE market data must pay separate fees to the CTA and the NYSE, respectively. The fees are based on the number of users, the type of data received, and the intended use of the data.
In conclusion, the agreement for receipt of consolidated network data and NYSE market data is an important document for companies that wish to receive both types of data. By entering into this agreement, companies can ensure that they are receiving accurate and timely market data while also complying with the terms and conditions set out by the CTA and the NYSE. As a professional, I hope this article has provided readers with a clear understanding of this important agreement.