Market Data is price and trade-related data for a financial instrument reported by a trading venue such as a stock exchange. Market data allows traders and investors to know the latest price and see historical trends for instruments such as equities, fixed-income products, derivatives, and currencies.
Straits Financial provides clients with Market Data in accordance with CME Group’s and ICE’s MDL Policy.
All new traders are considered Professional subscribers and billed accordingly by the CME unless this form is completed and returned back to Straits Financial LLC. This form is required by the CME to receive the reduced rate Market Data License they currently offer.
For current subscribers that migrate from their current FCM to Straits Financial, the broker and trader will need to fill out the “Previous Distributor Information” section and the “Subscriber Information” section of the form. Once complete, Straits will complete the “New Distributor Information” and submit the form to the CME for recording purposes. Without completion of this form, the trader will not be able to receive his current market data licenses rates