Common use of Per Price Request recording systems Clause in Contracts

Per Price Request recording systems. 4.4.1 As per the price list (Schedule B) Per Price Request recording systems can be implemented when redistributing London Stock Exchange Data. 4.4.2 A Per Price Request recording system relates to interactive media, i.e. users can request a real time price at a chosen point in time. 4.4.3 A single price request can constitute one or all Xxxxx 0 service components e.g. all Level 1 components including Best Bid & Offer, Mid etc or just one component, the last automatic trade for example. 4.4.4 Each individual request must be recorded, whether the access is ad hoc or pre- programmed (e.g. every hour). 4.4.5 The system must record each ‘price request’. If the price is updated automatically, without the system recording a ‘price request’ for each update, the Device then becomes liable for terminal charges (see section 3). 4.4.6 Depending on the time interval between automatic updates it may be more economic to pay terminal charges than ‘per price request’ charges. 4.4.7 Broadcast of a single request to multiple Devices or Unique User Ids is not permitted unless the Redistributor has the facility to count the number of receivers for the request. One price disseminated to 150 Devices is counted as 150 requests. The formula for this can be simply summarised by the equation: Number of Devices or Unique user Ids x number of prices = number of total per price requests. 4.4.8 Devices covered by per price request recording systems include pagers, faxes, internet, email, terminals, telephone information services, mobile phones and interactive services delivered via televisions. 4.4.9 Redistributors paying Licence Charges receive up to 300,000 price requests free of charge. Customers who are not Redistributors pay a minimum fee for the first 300,000 requests. For details of Charges see Schedule B. 4.4.10 Please note that per price request is not permitted for Level 2 data and that contention cannot be offered on a per price request service.

Per Price Request recording systems. 4.4.1 As per the price list (Schedule B) Per Price Request recording systems can be implemented when redistributing London Stock Exchange Data. 4.4.2 A Per Price Request recording system relates to interactive media, i.e. users can request a real time price at a chosen point in time. 4.4.3 A single price request can constitute one or all Xxxxx 0 service components e.g. all Level 1 components including Best Bid & Offer, Mid etc or just one component, the last automatic trade for example. 4.4.4 Each individual request must be recorded, whether the access is ad hoc or pre- programmed (e.g. every hour). 4.4.5 The system must record each ‘„price request’. request‟. If the price is updated automatically, without the system recording a ‘„price request’ request‟ for each update, the Device then becomes liable for terminal charges (see section 3). 4.4.6 Depending on the time interval between automatic updates it may be more economic to pay terminal charges than ‘„per price request’ request‟ charges. 4.4.7 Broadcast of a single request to multiple Devices or Unique User Ids is not permitted unless the Redistributor has the facility to count the number of receivers for the request. One price disseminated to 150 Devices is counted as 150 requests. The formula for this can be simply summarised by the equation: Number of Devices or Unique user Ids x number of prices = number of total per price requests. 4.4.8 Devices covered by per price request recording systems include pagers, faxes, internet, email, terminals, telephone information services, mobile phones and interactive services delivered via televisions. 4.4.9 Redistributors paying Licence Charges receive up to 300,000 price requests free of charge. Customers who are not Redistributors pay a minimum fee for the first 300,000 requests. For details of Charges see Schedule B. 4.4.10 Please note that per price request is not permitted for Level 2 data and that contention cannot be offered on a per price request service.