Examples of BBO Data in a sentence
MDX would also charge Customers a ‘‘per user fee’’ of $25 per month per ‘‘Authorized User’’ or ‘‘Device’’ for receipt of the BBO Data Feed by Subscribers.
MDX provides to ‘‘Customers’’ 3 a real- time, low latency data feed that includes under the CQ, CTA and Nasdaq/UTP Plans.4 In addition, the BBO Data Feed includes certain data that is not included in the data sent to the processors under the CQ, CTA and Nasdaq/UTP Plans, namely, totals of customer versus non-customer shares at the BBO and All-or-None contingency orders priced better than or equal to the BBO.
The purpose of this proposed rule change is to establish the fees MDX will charge for the sale of the BBO Data Feed.
An ‘‘Authorized User’’ is defined as an individual user (an individual human being) who is uniquely identified (by user ID and confidential password or other unambiguous method reasonably acceptable to MDX) and authorized by a Customer to access the BBO Data Feed supplied by the Customer.
Osborne and Brown (2011:304) also provide a similar process which they describe as entailing the generation of ideas, selecting the appropriate idea, implementing the selected idea and sharing of new practices.
They envisioned short, medium, and long-term steps toward the future.
The Exchange believes thatthe BBO Data Feed offered by MDX will help attract new users and new order flow to the Exchange, thereby improving the Exchange’s ability to compete in the market for options order flow and executions.
The BBO and last sale data contained in the BBO Data Feed is identical to the data that CBOE sends to OPRA.4 In addition, the BBO Data Feed includes certain data that is not included in the data sent to OPRA, namely, totals of customer versus non-customer contracts at the BBO, All-or-None contingency orders priced better than or equal to the BBO, and BBO data and last sale data for complex strategies (e.g., spreads, straddles, buy-writes, etc.).
The Exchange believes that the BBO Data Feed offeredthe market for order flow and executions.
The purpose of this proposed rule change is to establish the fees MDX will charge for the sale of the BBO Data Feed.MDX would charge Customers a‘‘direct connect fee’’ of $3,500 per connection per month.