Non-Display and Other Application Usage

Transcription

1 Non-Display and Other Application Usage Customer Declaration Version 3: 1 April, 2012 This document is a declaration required for customers to specify their Non-Display and Other Application usage of real time Borsa Italiana data. If you are in receipt of Borsa Italiana Market Data, delivered directly or via a vendor, but do not use the data in respect of the activities detailed within this document, you are still required to sign and complete sections 1, 3 and 6 of this declaration. All completed and scanned declarations should be ed to: realtimedata@borsaitaliana.it If you prefer to mail us a hard copy, then please send to: Market Data Administration Real Time Data Team London Stock Exchange Group plc 10 Paternoster Square London EC4M 7LS If you require further policy clarification in respect of the use of real time data detailed within this document or guidance on how to complete this declaration, then please contact the London Stock Exchange Real Time Data Business Development Team on +44(0) , or realtimedata@borsaitaliana.it.

2 Section 1: Customer Details Company Name: Contact Name: Position: Telephone: Street Address: Town: County: Post Code: Country: VAT Number: Please list all subsidiaries to be covered by this declaration in Appendix A.

3 Section 2: Invoice Details (if different from customer details above) Company Name: Contact Name: Position: Telephone: Street Address: Town: County: Post Code: Country: VAT Number:

4 Section 3: Source of Data (e.g. market data vendor, direct feed from Borsa Italiana, etc.) We require customers to identify each data source used in respect of the Non-Display and Other Application business activities detailed in Appendix B. We also request that customers who do not use the data in respect of the activities detailed in this declaration still specify where they are in receipt of vendor and/or direct data feeds. Section 4: Non-Display Usage Customers are required to complete, as appropriate, the type and level of Borsa Italiana real time data used in non-display trading based activities. Examples of trading based activities include: semi-automated or automated order/quote generation; order pegging; price referencing for trading purposes; smart order routing to facilitate trading; order management; execution management; market making; black box trading; algorithmic trading; program trading. Please tick below, as appropriate, the type and level of Borsa Italiana real time data used in non-display activities: AFF DER MOT Level 1/A1 Level 2 A2 A3 A4 A5 INDEXES See Appendix B for the detailed pricing policy for these types of usage.

5 Section 5: Other Application Usage Other Application usage only applies to non trading-based customer activities. Please tick, as appropriate, the type and level of Borsa Italiana real time data used within applications in respect of one, or more, of the following business activities: Risk Management Borsa Italiana data Level 1 Level 2 Quantitative Analysis Fund Administration Portfolio Management Instrument Pricing See Appendix B for the detailed pricing policy for these types of usage. Section 6: Customer Declaration - No Data Use In Respect Of Non-Display and/or Other Application usage Please tick the following box if your use of data excludes the business activities detailed in either Section 4 (Non-Display), or Section 5 (Other Application Usage). Section 7: For Acceptance The Customer acknowledges and agrees that the fees for using Borsa Italiana real time data in (i) Non-Display and (ii) Other Application usage shall be applicable from 1 April 2007 (for Non-Display) and 1 April 2011 (for Other Applications) respectively. Unless otherwise stated in the boxes below, the customer shall be liable to pay the applicable fees from the above dates. Non-Display Start Date: (Day) / (Month) / (Year) / Other Applications Start Date: (Day) / (Month) / (Year) /

6 The customer declares to the Borsa Italiana that it is/is not, where appropriate, in receipt of real time Borsa Italiana Market Data for the purpose of usage in respect of the business activities declared above. The customer undertakes to promptly inform Borsa Italiana at of any changes to the information given above. The customer agrees that the charges applicable to the above mentioned usage types shall be billed by Borsa Italiana directly to the customer and paid by the customer directly to Borsa Italiana. The customer hereby agrees that for the above usage types it will directly pay Borsa Italiana, upon receipt of the relevant invoice from Borsa Italiana, in accordance with the terms provided on the relevant invoice. Invoicing will operate on a bi-annual basis, chargeable six months in advance. Fees apply on an enterprisewide basis to customers, defined as a single entity or a group of entities within the same legal entity. Both parties may terminate this agreement at any time by giving the other party at least 90 days written notice. Any request by the customer for repayment of overpaid Non-Display and/or Other Application Usage fees, based on an inaccurate Customer Declaration, must be made within three calendar months after the date the Customer signed the declaration. The Customer is only entitled to credits within that three month period. The Customer acknowledges to have examined the information regarding the process of personal data pursuant to Legislative Decree 196/2003 which is displayed on the Borsa Italiana website with respect also to the Customer s rights under sec 7 of the Decree. In accordance with the informative document provided according to Art. 13 of the Legislative Decree no. 196 of 30 June 2003 and for the purposes stated therein, you are kindly asked to express your consent: to the processing of my personal data by the LSE Group, for the purposes mentioned in point 1, letter c). I agree I do not agree to communicate my personal data to third parties mentioned in point 2, letter c), only for purposes strictly connected to the informative document I agree I do not agree to the transfer abroad of my personal data, also outside EU, for the same processing purposes stated in point1, letter c) above, either by or without electronic means or alternatively automated. I agree I do not agree

7 Signed on and behalf of the customer Position: Name: Date:

8 Appendix A Please provide details of any subsidiary organisations below (please include company name, address and percentage stake held):

9 Appendix B Borsa Italiana Non-Display Usage Charges AFF Data Price per annum A1, Level 1 17,040 A2, Level 2 5 depth 31,320 A3, Level 2 10 depth 36,540 A4, Level 2 20 depth 44,100 A5, Level 2 full depth 51,660 DER Data A1, Level 1 17,040 A2, Level 2 5 depth 31,320 A3, Level 2 10 depth 36,540 A4, Level 2 20 depth 44,100 A5, Level 2 full depth 51,660 MOT Data A1, Level 1 10,680 A2, Level 2 5 depth 24,960 A3, Level 2 10 depth 30,240 A4, Level 2 20 depth 35,280 A5, Level 2 full depth 41,580 INDEX Data FTSE Italia INDEX Series 6,660 Non-Display Usage general information All Charges exclude VAT. The Charges quoted are in Euros. Borsa Italiana reserves the right to amend any Charges at its sole discretion. If two elements are from the same category, only the higher Charge is applicable. Total Non-Display Usage Charges shall be reduced by 20% where all four modules are held. Non-Display Usage Charges are reduced by 50% where delayed Data (15 minutes delayed) is used.

10 Other Application Usage Fees (effective from 1 April 2011) Other Application usage only applies to non trading-based customer activities. These fees relate to the use of real time data, delivered via direct and/or vendor data feeds, within applications, covering one or more of the following business activities: risk management; quantitative analysis; fund administration; portfolio management; instrument pricing; Data Level Annual Fee Borsa Italiana level 2 (A2, A3, A4, A5) 6, Borsa Italiana level 1 (A1) 2, For the avoidance of doubt: fees detailed in Appendix B are invoiced directly by the Exchange to the customer. Invoicing will operate on a bi-annual basis, chargeable six months in advance. Fees apply on an enterprise-wide basis to customers, defined as a single entity or a group of entities within the same legal entity. Fees cover usage regardless of the number of applications within the firm. Other Application Usage fees, detailed in Appendix B, are also non-chargeable if a customer is paying for the same use of data in non-display fees. Please also note that: Level 2 fees include Level 1 data use; all real time data fees are currently available in the Borsa Italiana price list at: