Real-Time Equity Quotes Requirements

The U.S. Realtime equity information provided in the XigniteRealTime web service is subject to important restrictions imposed by the exchange on real-time data:

Display Restrictions

Real-time equity information from U.S. exchanges require execution of a subscriber agreement for each end-user accessing the information. It is therefore forbidden to display this information on a public web site accessible by all.

You can display real-time information on web applications (web sites, intranet, portals, etc...) that are password-controlled and where each viewer of the information can be identified and distinguished from other users.

Xignite must clearly be attributed (with a hyperlink or a hyperlinked logo) as the source of this information on any such web application. If Xignite is not attributed, then your firm must execute its own redistribution agreements with all the exchanges and pay corresponding redistribution fees. For more information on this exchange policy, click here.

You can display real-time information on any non-web password-protected application. Xignite does not need to be attributed on such applications.

Professional and Non-Professional Subscribers

Each individual subscriber to real-time exchange market data must execute an exchange agreement and pay exchange fees. This agreement and fees vary for Professional vs. Non-Professional users.

"Nonprofessional Subscriber" refers to any natural person who receives market data solely for his or her personal, non-business use and who is not a "Securities Professional", meaning that the person is:

• Not registered or qualified with the Securities and Exchange Commission, the Commodities Futures Trading Commission, any state securities agency, any securities exchange/association, or any commodities/futures contract market/association.
• Not engaged as an "investment advisor," as that term is defined in Section 202(a)(11) of the Investment Advisor's Act of 1940 (whether or not registered or qualified under that Act).
• Not employed by a bank or other organization exempt from registration under Federal and/or state securities laws to perform functions that would require him or her to be so registered or qualified if he or she were to perform such functions for an organization not so exempt.

You must determine whether each viewer of the information provided by XigniteRealTime will qualify as a Professional or Non-Professional, execute the proper agreements and pay the corresponding exchange fees.

Exchange Agreements

Each subscriber to the XigniteRealTime market data must execute one of the following agreements if data from the corresponding exchange will be accessed:

Non Professional Users

The following agreements must be executed for each Non-Professional users:

	AMEX Non-Professional Subscriber Agreement
	NASDAQ Non-Professional Subscriber Agreement
	NYSE Non-Professional Subscriber Agreement

You must download these agreements, execute a copy for each susbcriber, and fax them to 650-655-3703.

Professional Users

The following agreements must be executed for each Professional users:

	AMEX Professional Subscriber Agreement
	NASDAQ Professional Subscriber Agreement
	NYSE Professional Subscriber Agreement
	AMEX Soft Dollar Addendum (optional)
	NYSE Third Party Billing Addendum (optional)

You must download these agreements, execute a copy for each susbcriber, and fax those to 650-655-3703.

For more information on exchange subscription policies: AMEX, NASDAQ, NYSE.

Exchange Fees

You are required to pay exchange-fees for both Professional and Non-Professional users. The fees come in additional to Xignite's own subscription fees. Xignite acts as a collector of those fees for the exchanges. Xignite does not charge a premium on those fees.

The table below summarizes exchange fees by exchange:

Exchange	Professional Fees	Non-Professional Fees
AMEX	Variable. See Details On AMEX Web Site	$1.00/month
NASDAQ	$20.00/month	$1.00/month
NYSE	Variable. See Details on NYSE Web Site	$1.00/month
Total	Depends On Conditions Above	$3.00/month

For more information on exchange fees: AMEX, NASDAQ, NYSE

Note that Xignite does not provide per-quote billing.

Establishing Multiple Xignite Accounts For Each Subscriber

Once you have established that your want to subscribe to XigniteRealtime, please complete the following steps.

• Contact your Xignite Sales representative at 1-800-XML-SOAP.
• Determine the XigniteRealtime Subscription Level that will fit your needs.
• Establish the list of the individual subscribers to the service.
• Determine if each subscriber will qualify as a Professional or a Non-Professional.
• Download and fill the appropriate agreement listed above for each subscribers.
• Fax the collection of agreements to your sales representative.
• Subscribe using our online store or by talking to your sales representative.

After those steps are completed, Xignite will create a username for each of the subscribers and provide those to you by email.

Integrating Real-Time Data With Your Applications

Integrating real-time information with your application is similar to integrating non-real-time data with one exception: You must pass the username/password of the requesting user with each request you place against the service. In non-real-time services, a single username/password is used for all requests.

You must know the following about real-time requests:

• Each real-time request is logged in our system for audit and control purpose.
• Concurrent requests against the same account or not allowed and are prevented by the system to disable unauthorized or non-compliant uses of the account.