Common use of Non-Display Data Usage and Other Application Usage Clause in Contracts

Non-Display Data Usage and Other Application Usage. 4.6.1 Non-Display Data Usage pertains to ‘trading based activities’ and includes but is not limited to usage of Data as: semi-automated or automated order/quote generation; order pegging including reverse pegging, mid bid / offer pegging, limit order pegging; price referencing for trading purposes (excluding in the operation of an ATP), automated or semi automated pre-trade risk verification or assessment processes; smart order routing to facilitate trading; arbitrage; order management; execution management, electronic order flow and liquidity management system; market making; ‘black box’ trading; program trading; algorithmic trading1; operating multilateral trading facilities/dark pools; systematic internalisers. If you require further clarification on a specific instance of Non-Display Usage please contact the relevant Exchange before utilising data in this way. 4.6.2 All Non-Display Usage of Data is subject to payment of the Non-Display Usage Licence Charges appropriate to the Data Groups and Data Levels of Data utilised (see Schedule B). Charges will be applied for all Data Groups and all Data Levels unless it is established to the satisfaction of the relevant Exchange that only specific Data Groups or Data Levels are being used. If you require further clarification on a specific instance of Non-Display Usage please contact the relevant Exchange before utilising data in this way. 4.6.3 All Other Application Usage pertains to ‘non trading based activities’ and is subject to payment of the Other Application Usage Licence Charges appropriate to the Data Groups and Data Levels of Data utilised (see Schedule B). Charges will be applied for all Data Groups and all Data Levels unless it is established to the satisfaction of the relevant Exchange that only specific Data Groups or Data Levels are being used. If you require further clarification on a specific instance of Other Application Usage please contact the relevant Exchange before utilising data in this way. 1 PoV 1algorithmic trading, VWAP/MVWAP/TWAP strategies, target close strategies, monitoring trading strategies, direct market access (DMA trading), implementation shortfall trading, basket trading. 4.6.4 Both Non-Display Usage and Other Application Usage Licence Charges are applicable also if in conjunction with the display of Data.

Non-Display Data Usage and Other Application Usage. 4.6.1 4.3.1 Non-Display Data Usage pertains to ‘trading based activities’ and includes but is not limited to usage of Data as: semi-automated or automated order/quote generation; order pegging including reverse pegging, mid bid / offer pegging, limit order pegging; price referencing for trading purposes (excluding in the operation of an ATP), automated or semi automated pre-trade risk verification or assessment processes; smart order routing to facilitate trading; arbitrage; order management; execution management, electronic order flow and liquidity management system; market making; ‘black box’ trading; program trading; algorithmic trading1; operating multilateral trading facilities/dark pools; systematic internalisers. If you require further clarification on a specific instance of Non-Display Usage please contact the relevant Exchange BIT before utilising data in this way. 4.6.2 4.3.2 All Non-Display Usage of Data is subject to payment of the Non-Display Usage Licence Charges appropriate to the Data Groups and Data Levels of Data utilised (see Schedule B). Charges will be applied for all Data Groups and all Data Levels unless it is established to the satisfaction of the relevant Exchange BIT that only specific Data Groups or Data Levels are being used. If you require further clarification on a specific instance of Non-Display Usage please contact the relevant Exchange BIT before utilising data in this way. 4.6.3 4.3.3 All Other Application Usage pertains to ‘non trading based activities’ and is subject to payment of the Other Application Usage Licence Charges appropriate to the Data Groups and Data Levels of Data utilised (see Schedule B). Charges will be applied for all Data Groups and all Data Levels unless it is established to the satisfaction of the relevant Exchange BIT that only specific Data Groups or Data Levels are being used. If you require further clarification on a specific instance of Other Application Usage please contact the relevant Exchange BIT before utilising data in this way. 1 PoV 1algorithmic trading, VWAP/MVWAP/TWAP strategies, target close strategies, monitoring trading strategies, direct market access (DMA trading), implementation shortfall trading, basket trading. 4.6.4 4.3.4 Both Non-Display Usage and Other Application Usage Licence Charges are applicable also if in conjunction with the display of Data.

Non-Display Data Usage and Other Application Usage. 4.6.1 4.3.1 Non-Display Data Usage pertains to ‘trading based activities’ and includes but is not limited to usage of Data as: semi-automated or automated order/quote generation; order pegging including reverse pegging, mid bid / offer pegging, limit order pegging; price referencing for trading purposes (excluding in the operation of an ATP), automated or semi automated pre-trade risk verification or assessment processes; smart order routing to facilitate trading; arbitrage; order management; execution management, electronic order flow and liquidity management system; market making; ‘black box’ trading; program trading; algorithmic trading1; operating multilateral trading facilities/dark pools; systematic internalisers. . 4.3.2 If you require further clarification on a specific instance of Non-Display Usage please contact the relevant Exchange BIT before utilising data in this way. 4.6.2 4.3.3 All Non-Display Usage of Data is subject to payment of the Non-Display Usage Licence Charges appropriate to the Data Groups and Data Levels of Data utilised (see Schedule B). Charges will be applied for all Data Groups and all Data Levels unless it is established to the satisfaction of the relevant Exchange BIT that only specific Data Groups or Data Levels are being used. If you require further clarification on a specific instance of Non-Non- Display Usage please contact the relevant Exchange BIT before utilising data in this way. 4.6.3 4.3.4 All Other Application Usage pertains to ‘non trading based activities’ and is subject to payment of the Other Application Usage Licence Charges appropriate to the Data Groups and Data Levels of Data utilised (see Schedule B). Charges will be applied for all Data Groups and all Data Levels unless it is established to the satisfaction of the relevant Exchange BIT that only specific Data Groups or Data Levels are being used. If you require further clarification on a specific instance of Other Application Usage please contact the relevant Exchange BIT before utilising data in this way. 1 PoV 1algorithmic trading, VWAP/MVWAP/TWAP strategies, target close strategies, monitoring trading strategies, direct market access (DMA trading), implementation shortfall trading, basket trading. 4.6.4 Both Non-Display Usage and Other Application Usage Licence Charges are applicable also if in conjunction with the display of Data.