Common use of Derivatives Market Data Clause in Contracts

Derivatives Market Data. In relation to Derivatives Market Data, the Licensee shall receive the following discount on Subscriber Fees based on the number of Subscribers that carry continuous access L1 data (excluding unauthorized end-user receptors): Number of End User Receptors Discount Up to and including 30 Nil 31-60 10% discount 61-90 15% discount more than 90 20% discount