I'm calculating and displaying custom indicators that I developed (hence, no one offers). Will calculating an indicator constitute "non-display"?
Where will you get the market data from and how is it delivered? Will it be live or delayed? The answers to those questions will help you answer this. BTW, the NYSE is where it hurts the most. If you can make due with only NASDAQ, the fees are not bad. Bob
Well, Robert, that change basically frees all individual traders from the non-display fees. Hope other exchanges make the same clarification.
I hope that is a sign of good will. I see that notice dates from 30th Sep. Is it posted online? How can we be notified without being a subscriber? And just especulating, do you think we can expect the same move from NYSE? Is this non-display fee originating from the same brains/people across OPRA, NASDAQ, NYSE, etc...?
Is there a document you can send me that ex Yes. https://www.opradata.com/specs/OPRA_FEE_Notice_9-30-2016_1.pdf sign up for alerts here: https://www.opradata.com/
For anyone still following this thread, may have a solution: https://www.elitetrader.com/et/threads/non-display-solution.303849/
how does that work given you as company promise in the agreement with your clients to uphold privacy agreements. Since when can you pass on private client information to third parties without their consent (last time I looked such consent is not implicitly given upon signing agreements with data vendors, FCMs, and brokers). I am not trading US futures or stock markets hence I may not have had to sign such consent.
I think I can answer this since I asked it myself. In this case, Lightspeed is both broker dealer AND data vendor (as most brokers are). Per their data vendor agreements with the various exchanges they have to contractually agree to submit to audits of how that data is being used. This includes data API use, names of users, data access policies, etc. When you as a user create an account at Lightspeed (or other brokers who provide data), you ALSO agree to disclosures when you sign the professional/non-professional subscriber agreements and make declarations on what data you're using. So, they're not really 3rd parties being supplied private information. They're contractual partners and everyone has agreed, in one way or another, to the disclosures beforehand.