NYSE Group (NYSE Euronext /Alternext/AMEX)
1. Execute the attached NYSE Professional Subscriber Agreement in the academic institute’s name. This is a contract between the institute and the exchange, so the agreement should be completed by persons with signing authority.
2. Write a letter printed on the institute’s letterhead that includes the following information:
a. Name and description of the academic program.
b. Company and contact name of the distributor to provide the data.
c. Number of accounts with access to real-time data.
d. Approximate number of students and faculty in the program.
e. Brief description of how market data will be used in program.
f. State that the data will only be used for educational purposes.
g. State that the service will be limited to students and Faculty.
h. Include the email address for institute contact.
3. Mail original documents to:
NYSE Euronext.
Market Data Services
11 Wall Street – 21st Floor
New York, NY 10005
4. Email or Fax a copy of the completed, signed agreement and institute letter to Jacqueline Reyna fax: 954-652-5016
5. The institute will provide TradeStation with a copy of the academic waiver approval. Once TradeStation receives the waiver approval we will enable real-time data for the institute.
Options Price Reporting Authority (OPRA)
1. Execute the attached OPRA Professional Subscriber Agreement in the institute’s name. This is a contract between the institute and the exchange, so the agreement should be completed by persons with signing authority.
2. Write a letter printed on institute letterhead that includes the following information:
a. Name and description of the academic program.
b. Company and contact name of the OPRA Vendor that will provide OPRA data.
c. The anticipated number of the university’s devices or User IDs that will have access to real-time OPRA data.
d. Whether the institute or the OPRA Vendor will control entitlement.
e. Brief description of how OPRA data will be used in program.
f. Email address for institute contact.
3. The request should be sent to the following email address: . OPRA will consider waiver requests on a case-by-case basis.
4. Email or Fax a copy of the completed, signed agreement and institute letter to Jacqueline Reyna fax: 954-652-5016
5. The institute will provide TradeStation with a copy of the academic waiver approval. Once TradeStation receives the waiver approval we will enable real-time data for the institute.
OPRA does not provide academic waivers for use of OPRA data for purposes of vocational education or management of university funds or other actual securities trading or portfolio monitoring. (“Vocational” education refers to training in the practical aspects of trading and preparation for examinations such as the FINRA Series 7 exams.)
NASDAQ OMX
NASDAQ OMX offers academic waivers for real-time market data fees to qualifying academic institutions. The academic waiver also helps offset research costs to those who qualify. Colleges and universities and other academic institutions may apply for a waiver of fees associated with usage by students and professors in university or college research or in the classroom environment.
Approval Process
NASDAQ OMX will consider waiver requests on a case-by-case basis. To be considered for an academic waiver, the institute’s program sponsor should submit a written request to NASDAQ OMX Global Data Products. The request must be printed on the institute’s letterhead and include the following information:
1. Name and description of the academic program.
2. Company and contact name, including email address, of the distributor (data provider).
3. Estimated Number of Subscribers with access to real-time data.
4. Approximate number of students and faculty in program.
5. Brief description of how market data will be used in program.
Please submit the request to:
NASDAQ OMX Global Data Products
9600 Blackwell Drive, Suite 500
Rockville, MD 20850
Fax: (301) 978-5295
Please allow two to three weeks for processing.
The academic waiver policy does not cover vocational education or university endowment programs. NASDAQ OMX will not consider granting an academic waiver if the data is to be used for vocational purposes or in support of actual securities trading.
Please note that the academic waiver policy applies only to the fees indicated above. The policy does not cover Distributor’s access or telecommunications charges. In addition, NASDAQ OMX will not waive any of its other contractual or administration policies for academic institutions. Academic institutions are still required to execute the appropriate agreements.
Email or Fax a copy of the institute letter to Jacqueline Reyna fax: 954-652-5016
Once approval from the exchange is received, the institute will provide TradeStation with a copy of the academic waiver approval. Upon receipt of the waiver approval, TradeStation will enable real-time data for the terminals
CME Group
CME/CBOT/ NYMEX/COMEX
In order to receive an authorized CME Group market data exchange fee waiver, one must do the following:
1. Submit a letter on institute letterhead indicating:
a. Number of requested terminals.
b. Name of market data distributor with contact information, including email address.
c. Reason for requested fee waiver.
d. That the data will be used for educational purposes only and it will not be used for redistribution or trading.
e. Email address for institute contact.
2. Complete the attached Education Waiver Form for CME Group.
- Please return all correspondence (letter and education waiver form) to the following mailing address:
CME Group
Igor Kaplun
Information Products
20 South Wacker Drive
Chicago, IL 60606
4. Email or Fax a copy of the completed form and institute letter to Jacqueline Reyna fax: 954-652-5016
5. Once approval from the exchange is received, the institute will provide TradeStation with a copy of the academic waiver approval. Upon receipt of the waiver approval, TradeStation will enable real-time data for the institute.
6. The academic institute representative will need to sign the Uniform Subscriber Agreement.
ICE Futures
The ICE Futures reviews academic waiver requests on a case-by-case basis. The academic institution must make the request in writing and include the following:
1. Write a letter printed on the institute’s letterhead that includes the following information:
a. Name and description of the academic program.
b. Company and contact name of the distributor to provide the data.
c. Number of accounts with access to real-time data.
d. Approximate number of students and faculty in the program.
e. Brief description of how market data will be used in program.
f. State that the data will only be used for educational purposes.
g. State that the service will be limited to students and Faculty.
h. Include the email address for institute contact.
2. Email request to:
3. Email or fax a copy of the institute letter to Jacqueline Reyna fax: 954-652-5016
4. Once approval from the exchange is received, the institute will provide TradeStation with a copy of the academic waiver approval. Upon receipt of the waiver approval, TradeStation will enable real time data for the institute.
5. The academic institute representative will need to sign the Uniform Subscriber Agreement.
Kansas City Board of Trade (KCBT)
1. The KCBT reviews academic waiver requests on a case-by-case basis. The academic institution must make the request in writing and include the following:
a. Confirm that the KCBT data is used by students and university staff strictly for academic purposes.
b. State that the terminals will be maintained in a non-public area (classroom, not the library) and supervised by a responsible member of the university staff (i.e., the professor) so that the data is in a controlled environment (specifying where the terminals will be located and the number).
c. State that actual trading will not occur using the KCBT data. Should conditions change in the future, fees would be applicable.
d. Name of market data distributor with contact information, including email address.
e. Email address for the institution contact.
- Mail letter or send via email to:
Kansas City Board of Trade
Jeffrey C. Borchardt, President & CEO
Email:
4800 Main Street, Suite 303
Kansas City, MO 64112
3. Email or Fax a copy of the institute letter to Jacqueline Reyna fax: 954-652-5016
4. Upon receipt of this information from the institution, KCBT will review the request and respond accordingly
5. Once approval from the exchange is received, the institute will provide TradeStation with a copy of the academic waiver approval. Upon receipt of the waiver approval, TradeStation will enable real time data for the institute.
6. The academic institute representative will need to sign the Uniform Subscriber Agreement.
Minneapolis Grain Exchange (MGEX)
1. The institute contact needs to send a letter (or email) to the MGEX requesting the waiver. The request must be printed on the institute’s letterhead and include the following information:
a. Name and description of the academic program.
b. Company and contact name/email address of the external distributor to provide the data.
c. Number of devices with access to real-time data.
d. Approximate number of students and faculty in program.
e. Brief description of how market data will be used in program.
f. Email address for university contact.
- Mail letter or send email to:
Minneapolis Grain Exchange
Ben Lundgren
email:
130 Grain Exchange Building
400 South 4th Street
Minneapolis, MN 55415
3. Email or Fax a copy of the institute letter to Jacqueline Reyna fax: 954-652-5016
4. Once approval from the exchange has been received, the institute will provide TradeStation with a copy of the academic waiver approval. Upon receipt of the waiver approval, TradeStation will enable real-time data for the institute.
5. The academic institute representative will need to sign the Uniform Subscriber Agreement.
Academic Waivers – 04/26/2011 Page 2 of 5