Common use of EXCHANGE DATA Clause in Contracts

EXCHANGE DATA. 24.1 If the Client uses the Trading Platform, the Client agrees and acknowledges that: data made available to the Client by access to electronic order entry Admiral Products is not the property of Admiral and remains the valuable property of the relevant exchange or other data vendor; and the Client is prohibited from publicly displaying, redistributing, or re-transmitting the data in any way without having executed a market data distribution agreement or similar agreement with the relevant exchange or other data vendor.

EXCHANGE DATA. 24.1 25.1 If the Client uses the Trading Platform, the Client agrees and acknowledges that: data made available to the Client by access to electronic order entry Admiral Products is not the property of Admiral and remains the valuable property of the relevant exchange or other data vendor; and the Client is prohibited from publicly displaying, redistributing, or re-transmitting the data in any way without having executed a market data distribution agreement or similar agreement with the relevant exchange or other data vendor.