Market Data Agreement
Market data is the proprietary right of the national exchanges, and Ustocktrade is required to obtain a market data agreement from its users on behalf of the exchanges that own the data.
If you are unable to complete the Agreement, please contact Ustocktrade Support.
Non-professional Vs Professional Trader
A “Nonprofessional” subscriber primarily means that you are receiving market data for your personal, non-business use and are not qualified as a “Securities Professional”, among other criteria. You will be able to receive this consolidated market data for no additional charge.
A day trader can qualify as a “Non-professional” if he/she is managing his/her own money AND:
- Does not assist any other person with investment decisions, nor does he/she share profits; and is not a “Securities Professional”
- Is NOT receiving office space and equipment in exchange for his/her work as a financial consultant to a firm
- Has NOT entered into a profit-sharing agreement with an organization
If you do not meet these criteria of a “Nonprofessional” subscriber, you will qualify as a “Professional Subscriber” and be covered by a separate agreement and charged an additional market data monthly fee. This fee is directly passed onto our users from the national exchanges.
If a large trader otherwise meets the definition of “Non-professional Subscriber”, the large trader does not lose his or her “Nonprofessional Subscriber” status merely because he or she falls within SEC Rule 13h-1(a)’s definition of “large trader”.
Former Professional Trader
If you are a retired or inactive professional no longer providing services in a professional capacity you qualify as “Non-professional” as long as you are not registered with FINRA. You must notify us immediately if your status as a professional trader changes.