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What is the definition of a Professional and Non-Professional subscriber?

Xignite’s Vendor of Record service is available only to Professional users. The fees charged by data vendors and exchanges for professional use are generally substantially more expensive than fees for non-professional use, so it is essential to know the difference. 

Please refer to the exchanges policy in the subscriber agreement for specific definitions. Learn more Definitions of Professional Users According to the NYSE and Most US Exchanges

Generally speaking, all the Subscribers who do not meet the definitions of Non-Professional Subscriber are considered Professional Subscribers. 

Non-Professional Subscriber means any natural person who is not:

(1) registered or qualified in any capacity with the SEC, the Commodities Futures Trading Commission, any state securities agency, any securities exchange or association or any commodities or futures contract market or association;

(2) engaged as an “investment adviser” as the term is defined in Section 202(a)(11) of the Investment Advisers Act of 1940 (whether or not registered or qualified under that Act); or

(3) employed by a bank or other organization exempt from registration under federal or state securities laws to perform functions that would require registration or qualification if such functions were performed for an organization not so exempt.

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