Exchange Fees for Data

Discussion in 'Data Sets and Feeds' started by p2, Feb 23, 2001.

  1. p2


    Are other people here paying professional exchange fees for their data? Just curious...
  2. You should be paying professional fees only if you're a professional, i.e. someone working for a brokerage. If you're just an individual trader not working for a firm, you shouldn't have to pay professional fees (even if you trade for a living and it is your profession).
  3. p2


    That's what I thought too.

    But I just signed up for the new Tradestation Pro and I actually read the Exchange definitions and according to it:

    You are a professional if "you use the information in connection with any trade or business activities."

    Since I was planning to file mark=to-market status, and I plan to trade fulltime, doesn't that mean that I'm a professional investor. I guess I probably should just ask someone at Tradestation. :)

    I was just wondering what other people do.