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Why do I need a license from the exchange to use real-time or delayed data?

When you receive or display data to anyone who is not an employee or contractor you become a Data Distributor in the eyes of the exchange. This means that you may need an agreement with the exchange and pay fees. Maneuvering through the maze of required compliance policies, entitlements, usage tracking, and reporting requirements that the exchanges require to display real-time or delayed market data is not an easy feat. It can be significant pain and distraction from your core business. 

Xignite offers a Vendor of Record service for clients subscribing to real-time and delayed market data. The service may eliminate the need to pay redistribution fees, potentially saving clients thousands of dollars a month.

Learn More Guide to Understanding Exchange Agreements.

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