Based on the Subscriber’s qualifications, Subscribers may be charged reduced Fees for Information. To qualify for the reduction in Subscriber Fees, Subscriber must be considered a “Non-Professional.”
Follow through this article for Non-Professional definition.
Non-Professional shall mean and include either
(a) an individual, natural person Subscriber(s) who, or
(b) certain small business entities (limited liability companies, partnerships, trusts or corporations) that, receive and use Information (excluding any pit traded data), in each case subject to the following restrictions:
The Non-Professional Subscriber must not:
(c) be a member (or hold or lease any type membership) of any exchange;
(d) be registered or qualified as a professional trader or investment adviser with any stock, commodities or futures exchange or contract market, or with any financial regulatory authority
(e) be acting on behalf of an institution that engages in brokerage, banking, investment, or financial activities
The Non-Professional Subscriber’s Use of Information must:
(f) be solely for the Subscriber’s personal or private use;
(g) be limited to managing the Subscriber’s own assets, and not be used in connection with the management of any assets of any third party(ies) in any capacity
The Non-Professional Subscriber’s Access to Information must only:
(h) be via a maximum of two trading terminals per Distributor, permissioned for Real-Time Information and capable of routing orders to the CME Globex Platform (an “Order Routing Device”).
Any Subscriber who does not meet the qualifications of a Non-Professional Subscriber will be considered a Professional Subscriber.
For more details, please visit : https://www.cmegroup.com/market-data/distributor/files/non-professional-subscribers-faq.pdf
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