Common use of Member Firm data policy Clause in Contracts

Member Firm data policy. Borsa Italiana 5.10.1 Use of Data, received directly from Borsa Italiana by an Authorised Person (as defined in the General Conditions Part II Borsa Italiana Services) does not attract charges (as set out in Schedule B) providing that the following criteria are met: a) The Data is only used within Borsa Italiana accredited trading applications; b) The Data is used by Authorised Persons for the purpose of direct trading exclusively on the Borsa Italiana markets within the trading room of the Member Firm. This does not include use within the back office, branch offices or other support functions such as risk management; c) Only Data from Borsa Italiana markets of which the firm is a member can be provided to Authorised Persons without attracting Data Charges. 5.10.2 It is the responsibility of the member firm to adopt suitable technical, organisational and contractual solutions to ensure that these requirements are met. 5.10.3 Data received directly from Borsa Italiana can additionally be provided by a member firm to Authorised Persons at its interconnected clients. This dissemination of Data does not attract Licence Charges or Data Charges (as set out in Schedule B) provided that the following list of criteria is met: a) The Data is provided to Authorised Persons for the purpose of trading exclusively on the Borsa Italiana markets via the interconnected member firm. This does not include use within the back office or other support functions such as risk management; b) The member firm can only supply Data for those markets of which it is a member to interconnected clients; c) It is the responsibility of the member firm to ensure that all their interconnected clients comply with these requirements; d) Contracts between the member firm and its interconnected clients must allow for Borsa Italiana right to verify the Data usage. 5.10.4 Any Devices that do not meet the above criteria are subject to standard Charges as set out in Schedule B. 5.10.5 The number and location of all Devices capable of displaying Borsa Italiana Data the member firm provides under this policy must be reported to Borsa Italiana as part of the monthly Terminal Returns process.

Member Firm data policy. Borsa Italiana 5.10.1 Use of Data, received directly from Borsa Italiana by an Authorised Person (as defined in the General Conditions Part II Borsa Italiana Services) does not attract charges (as set out in Schedule B) providing that the following criteria are met: a) The Data is only used within Borsa Italiana accredited trading applications; b) The Data is used by Authorised Persons for the purpose of direct trading exclusively on the Borsa Italiana markets within the trading room of the Member Firm. This does not include use within the back office, branch offices or other support functions such as risk management; c) Only Data from Borsa Italiana markets of which the firm is a member can be provided to Authorised Persons without attracting Data Charges. 5.10.2 It is the responsibility of the member firm to adopt suitable technical, organisational and contractual solutions to ensure that these requirements are met. 5.10.3 Data received directly from Borsa Italiana can additionally be provided by a member firm to Authorised Persons at its interconnected clients. This dissemination of Data does not attract Licence Charges or Data Charges (as set out in Schedule B) provided that the following list of criteria is met: a) The Data is provided to Authorised Persons for the purpose of trading exclusively on the Borsa Italiana markets via the interconnected member firm. This does not include use within the back office or other support functions such as risk management; b) The member firm can only supply Data for those markets of which it is a member to interconnected clients; c) It is the responsibility of the member firm to ensure that all their interconnected clients comply with these requirements; d) Contracts between the member firm and its interconnected clients must allow for Borsa Italiana right to verify the Data usage. 5.10.4 Any Devices that do not meet the above criteria are subject to standard Charges as set out in Schedule B. 5.10.5 The number and location of all Devices capable of displaying Borsa Italiana Data the member firm provides under this policy must be reported to Borsa Italiana as part of the monthly Terminal Returns process. For avoidance of doubt, permission of Data to Authorized Person of Member Firms and Interconnected clients must be reported in accordance with the above section 5.

Member Firm data policy. Borsa Italiana 5.10.1 Use of Data, received directly from Borsa Italiana by an Authorised Person (as defined in the General Conditions Part II Borsa Italiana Services) does not attract charges (as set out in Schedule B) providing that the following criteria are met: a) The Data is only used within Borsa Italiana accredited trading applications; b) The Data is used by Authorised Persons for the purpose of direct trading exclusively on the Borsa Italiana markets within the trading room of the Member Firm. This does not include use within the back office, branch offices or other support functions such as risk management; c) Only Data from Borsa Italiana markets of which the firm is a member can be provided to Authorised Persons without attracting Data Charges. 5.10.2 It is the responsibility of the member firm to adopt suitable technical, organisational and contractual solutions to ensure that these requirements are met. 5.10.3 Data received directly from Borsa Italiana can additionally be provided by a member firm to Authorised Persons at its interconnected clients. This dissemination of Data does not attract Licence Charges or Data Charges (as set out in Schedule B) provided that the following list of criteria is met: a) The Data is provided to Authorised Persons for the purpose of trading exclusively on the Borsa Italiana markets via the interconnected member firm. This does not include use within the back office or other support functions such as risk management; b) The member firm can only supply Data for those markets of which it is a member to interconnected clients; c) It is the responsibility of the member firm to ensure that all their interconnected clients comply with these requirements; d) Contracts between the member firm and its interconnected clients must allow for Borsa Italiana right to verify the Data usage. 5.10.4 Any Devices that do not meet the above criteria are subject to standard Charges as set out in Schedule B. 5.10.5 The number and location of all Devices capable of displaying Borsa Italiana Data the member firm provides under this policy must be reported to Borsa Italiana as part of the monthly Terminal Returns process.