Market Data comes from third parties and is subject to a Market Data Addendum you agree to by joining
Robinhood may make available content and data about securities and the markets, including last sale data, bid and asked quotations and fundamental information (together "Market Data"), obtained from exchanges, information providers and other third parties ("Third Party Providers"). For some Market Data Robinhood must include specific terms in its agreements with you, or have you enter specific agreements, before you get access. It does this in a Market Data Addendum at the end of the Agreement. Receipt and use of Market Data are subject to the Agreement and the Addendum, which supplements and is incorporated by reference. By agreeing to the Agreement, opening an Account or accessing any Robinhood services, you agree to the Addendum. The Addendum itself has its own, narrower definition of "Market Data" for purposes of that agreement.
Supporting quotations
We obtain Market Data from securities exchanges and markets, third party information providers, and other third parties that distribute or transmit Market Data (collectively, “Third Party Providers”).
Receipt and use of Market Data are subject to the terms of this Agreement as well as to the Market Data Addendum that supplements and forms part of this Agreement, and is incorporated by reference.
By agreeing to this Agreement, opening an Account, or accessing any services from Robinhood, you agree to the Market Data Addendum.
Market Data Definition – For all purposes of this agreement, "Market Data" means (a) last sale information and quotation information relating to securities that are admitted to dealings on the New York Stock Exchange
Qualifications & exceptions
Agreement to the Addendum arises from agreeing to the Agreement, opening an Account or accessing any services.
The Addendum's own definition of "Market Data" is tied to NYSE and exchange-designated information and applies "for all purposes of this agreement" (the Addendum).
Content & IP Rights · Restriction or exception
You get no rights in Market Data beyond the Addendum, and may use it only as a Non-professional for personal use
Providing Market Data does not give you rights over it except rights, if any, expressly granted in the Market Data Addendum. Market Data is provided only on the basis that you represent and warrant you are a Non-professional (as defined in the Addendum) and will use Market Data solely for personal, non-business use. The Addendum defines "Non-professional" as a natural person who receives market data solely for personal, non-business use and who is not a "Securities Professional".
Supporting quotations
this does not grant you any rights over or in that Market Data except those rights (if any) expressly granted to you in the Market Data Addendum
Market Data is provided to you solely on the basis that you represent and warrant that you are a Non-professional (as defined in the Market Data Addendum) and that you will use any Market Data solely for your personal non-business use.
“Non-professional” means any natural person who receives market data solely for their own personal, non-business use and who is not a “Securities Professional.”
Qualifications & exceptions
The warranty is a condition of being provided Market Data.
Content & IP Rights · Restriction or exception
Content on the Platform gives you no rights, cannot be reused commercially, and access can be ended at any time
Robinhood may provide news, articles, commentary, research, links to outside sites and other information on the Platform ("Content"), excluding brokerage services. Content may be prepared by third-party Providers unaffiliated with Robinhood. Providing Content does not give you rights over it. You may not reproduce, sell, market, distribute or otherwise commercially use Content. Robinhood may terminate your access to the Content at any time.
Supporting quotations
If we provide or make Content available to you, this does not grant you any rights over or in that Content.
You may not and agree that you will not reproduce, sell, market, distribute, or otherwise commercially use the Content in any manner.
Robinhood may terminate your access to the Content at any time.
Qualifications & exceptions
Content excludes brokerage services.
Content & IP Rights · Restriction or exception
Content is "as is", not advice, and Robinhood publishes no first-party buy, sell or hold research
Content is provided "as is" and "as available" and is not advice or a recommendation to you or about your Account or to buy or sell any security or follow any strategy. Your use of Content is at your own risk, and Robinhood makes no express or implied warranty about it, including its accuracy, completeness or timeliness. Robinhood does not produce first-party research giving buy, sell or hold recommendations, ratings or price targets. Content that Robinhood or its associated persons prepare is for informational and educational purposes only and is not research or a recommendation. Views in third-party Content are not Robinhood's views, and Robinhood is not responsible for third-party websites or anything connected with them.
Supporting quotations
Content is provided or made available to you on an “as is” and on an “as available” basis and should not be considered as any form of advice or recommendation for you or your Account
We do not make any warranty of any kind, express or implied, regarding the Content or the accuracy, completeness, timeliness, or otherwise of the Content.
Robinhood does not produce or provide first-party research providing specific investment strategies such as buy, sell, or hold recommendations, first-party ratings, or price targets.
Any views expressed in any third-party Content are not the views of Robinhood. Robinhood is not responsible for any third-party website or anything contained on or connected with any third-party website.
Content & IP Rights · Restriction or exception
API market data feeds are discretionary and unguaranteed, and may differ from what the Platform shows
Subject to then-current agreements with API Licensees, Robinhood may in its own discretion make third-party market data feeds available through API Products, and makes no guarantees about them. API Licensees may also offer market data independent of Robinhood. There may be discrepancies between market data on the Platform and data from API Products, for reasons including update and transmission time and latency from the API Product or your local environment. Robinhood is not responsible for the accuracy of market data shown on API Products or otherwise made available by API Licensees.
Supporting quotations
Robinhood may, in its own discretion, make market data feeds received from third parties available via the API Products. Robinhood does not make any guarantees in regard to such market data feeds.
there may be discrepancy between the market data presented on the Platform and information provided by any API Products
Robinhood is not responsible for the accuracy of any market data displayed on any API Products or otherwise made available by API Licensees.
Content & IP Rights · Restriction or exception
API Products give you no ownership or IP rights, and names and marks stay with their owners
Using API Products does not give you title, ownership or intellectual property rights that belong to Robinhood or its affiliates. The API Package, including content, is protected by U.S. patent and copyright laws, international treaties and other laws and remains Robinhood's exclusive property as applicable. Names, logos, product and service names, design marks and slogans of Robinhood, its Affiliates or API Licensees displayed in the API Products stay the property of their owners, and use of them in marketing or provision of API Products does not give you ownership or a right to use any name or mark.
Supporting quotations
Your use of any API Products will not confer to you any title, ownership interest, or intellectual property rights that otherwise belongs to Robinhood or any of its affiliates.
will remain Robinhood’s exclusive property, as applicable
does not grant ownership of or entitle you to use any such name or mark in any manner
Content & IP Rights · Restriction or exception
The Market Data Addendum supplements the Agreement, and receiving Market Data means accepting third-party provider terms
The Market Data Addendum supplements and forms part of the Customer Agreement and is the Addendum the Customer Agreement refers to and incorporates. Capitalized terms not defined in it take their Customer Agreement meaning. It may be amended or supplemented from time to time by notice, as set out in its section 4. To receive Market Data through the Platform you agree, as set out in the Addendum and without limitation, to specific terms required by certain third-party data providers.
Supporting quotations
This agreement (the “Market Data Addendum” or the “Addendum”) supplements and forms part of the Robinhood Financial LLC & Robinhood Securities, LLC Customer Agreement
This Market Data Addendum may be amended or supplemented from time to time by notice, as set out in section 4 below.
TO RECEIVE MARKET DATA THROUGH THE PLATFORM, YOU AGREE TO THE SPECIFIC TERMS REQUIRED BY CERTAIN THIRD- PARTY DATA PROVIDERS IN THIS ADDENDUM
THIS MARKET DATA ADDENDUM AND ITS TERMS AND ANY AND ALL AGREEMENTS CONSTITUTED BY IT MAY BE SUPPLEMENTED OR AMENDED FROM TIME TO TIME BY ROBINHOOD BY NOTICE TO YOU, AND SUCH NOTICE REQUIREMENT MAY BE SATISFIED BY THE REVISED MARKET DATA ADDENDUM BEING POSTED ON THE ROBINHOOD WEBSITE
Qualifications & exceptions
Addendum amendments follow its own section 4.
Content & IP Rights · Restriction or exception
Market Data is "as is", not advice, unwarranted by Robinhood or providers, and used at your own risk
Robinhood and its affiliates receive Market Data from industry sources and Third Party Providers. It is provided "as is" and "as available" and is not advice or a recommendation for you or your Account. Robinhood does not endorse, approve or give any view on Market Data. Neither Robinhood nor any Third Party Provider warrants or guarantees its accuracy, timeliness, completeness or correctness, or any results or interpretations from using or relying on it. Your use of Market Data is at your own risk, and past performance is no guarantee of future results.
Supporting quotations
Market Data is provided or made available to you on an "as is" and on an "as available" basis and should not be considered as any form of advice or recommendation for you or your Account.
Neither Robinhood nor any Third Party Provider (i) warrants or guarantees the accuracy, timeliness, completeness or correctness of any Market Data
Your use of any Market Data is at your own risk.
Content & IP Rights · Permission or license
Robinhood may remove, restrict or terminate Market Data, or change providers, at any time
Robinhood may remove, restrict or terminate access to or provision of any Market Data at any time, or change any relevant Third Party Provider or any Market Data, and so the precise data or the way it is provided, at any time.
Supporting quotations
We may remove, restrict or terminate access to or provision of any Market Data at any time, or change any relevant Third Party Provider or any Market Data (and thereby the precise Market Data provided or made available, or the manner in which any Market Data is provided or made available) at any time.
Content & IP Rights · Restriction or exception
Market Data is for your own personal, non-business use and cannot be provided, retransmitted or published
You may use Market Data provided through the Platform only for your own personal, non-business use, subject to the Customer Agreement and this Addendum, and you represent that you will. You must not use it for any purpose not directly related to the Platform or your Account, and must not provide, retransmit, redistribute or publish any Market Data to any other person or entity.
Supporting quotations
You may only use (and represent to us that you will only use) Market Data provided to you in connection with the Platform for your own personal, non-business use
You must not use Market Data for any purpose not directly related to the Platform or your Account, and you must not provide, retransmit, redistribute or publish any Market Data to any other person or entity.
Content & IP Rights · Context
"Non-professional" and "Securities Professional" are defined, including registered persons, advisers and bank staff
"Non-professional" means a natural person who receives market data solely for personal, non-business use and who is not a "Securities Professional". A Securities Professional includes an individual who, working in the United States, is registered or qualified in any capacity with the SEC, the Commodity Futures Trading Commission, a state securities agency, a securities exchange or association, a commodities or futures contract market or association, or a self-regulatory body; engaged as an investment adviser as defined in Section 202(a)(11) of the Investment Advisers Act of 1940, whether or not registered; or employed by a bank or other organization exempt from securities registration to perform functions that would require registration if performed for a non-exempt organization. A person working outside the United States is a Securities Professional if they perform the same functions. Using Market Data for business, professional or other commercial purposes is not compatible with Non-Professional status, even on behalf of an organization outside the securities industry.
Supporting quotations
“Non-professional” means any natural person who receives market data solely for their own personal, non-business use and who is not a “Securities Professional.”
A “Securities Professional” for these purposes includes an individual who, if working in the United States, is:
(a) registered or qualified in any capacity with the Securities and Exchange Commission
(b) engaged as an "investment advisor" as that term is defined in Section 202 (a)(11) of the Investment Advisor's Act of 1940 (whether or not registered or qualified under that Act), or
(c) employed by a bank or other organization exempt from registration under Federal and/or state securities laws
A person who works outside of the United States will be considered a “Securities Professional” if they perform the same function(s) as a person who would be considered a “Securities Professional” in the United States.
Any use of Market Data for business, professional or other commercial purpose is not compatible with Non-Professional status, even if the commercial use is on behalf of an organization that is not in the securities industry.
Qualifications & exceptions
The definition covers non-U.S. workers who perform the same functions.
Any business, professional or commercial use is incompatible with Non-Professional status.
Not stated here
Section 202(a)(11) of the Investment Advisers Act is an external law whose text is not supplied.
Content & IP Rights · Restriction or exception
NYSE Market Data requires the NYSE Market Data Agreement, which you are deemed to sign by accepting the Agreement
Robinhood may provide NYSE Market Data: last sale and quotation information on NYSE-admitted securities, bond and other equity last sale and quotation and index and market information that U.S.-registered national securities exchanges and associations make available and the NYSE designates as "Market Data", and all information derived from it. To receive any NYSE Market Data you enter into the "Agreement for Market Data Display Services" in the form at Appendix 1 with Robinhood Financial. That agreement is deemed executed by your agreeing to the Customer Agreement and the Addendum, is incorporated into the Customer Agreement through the Addendum, and is also a separate, legal, valid and binding contract between you (as Subscriber) and Robinhood Financial, LLC (as Vendor).
Supporting quotations
(such data or information from time to time being “NYSE Market Data”)
To receive or have made available to you any NYSE Market Data, you enter into the “Agreement for Market Data Display Services” in the form attached at Appendix 1 to this Market Data Addendum (the “NYSE Market Data Agreement”) with Robinhood Financial.
The NYSE Market Data Agreement will be deemed to have been executed and entered into by you by your agreement to the Customer Agreement and this Market Data Addendum
constitutes a separate agreement between you and Robinhood Financial
Qualifications & exceptions
Deemed execution arises from agreeing to the Customer Agreement and the Addendum.
The NYSE Market Data Agreement is both incorporated and a separate contract.
Content & IP Rights · Restriction or exception
Nasdaq Market Data comes with a Nasdaq Market Data Agreement of paragraphs 1-13 that binds you to Robinhood Financial
Robinhood Financial may provide Market Data that consists of or includes Information owned or provided by NASDAQ. You agree to the terms in paragraphs 1-13 (the "Nasdaq Market Data Agreement"), which is a legally binding agreement between you and Robinhood Financial. Defined terms are in paragraph 12.
Supporting quotations
Robinhood Financial may provide or may make available to you through the Platform certain Market Data that consists of or includes Information owned or provided by NASDAQ
You agree to the terms set out in paragraphs 1-13 below (the “Nasdaq Market Data Agreement”), which constitute a legally binding agreement between you and Robinhood Financial.
Content & IP Rights · Restriction or exception
Nasdaq Information is for personal use only, not to be sold or shared, and must be protected from unauthorized access
You may access, view or use Nasdaq Information only for your personal, non-business use. You agree not to sell, lease, furnish or give access to the Information to any other Person or place, not to use it or let anyone use it for any illegal purpose or in violation of NASDAQ or SEC rules or other law, not to present it in an unfair, misleading or discriminatory format, and to take reasonable security precautions to prevent unauthorized Persons from gaining access.
Supporting quotations
You are only permitted to access, view, or use any Information for your personal, non-business, use.
You agree not to sell, lease, furnish or otherwise permit or provide access to the Information to any other Person or to any other office or place.
You agree not to present the Information rendered in any unfair, misleading or discriminatory format. You agree to take reasonable security precautions to prevent unauthorized Persons from gaining access to the Information.
Content & IP Rights · Restriction or exception
NASDAQ and its providers own the Information, and may obtain injunctions for misuse
You acknowledge that NASDAQ has proprietary rights to Information originating on or derived from NASDAQ-regulated or -operated markets and compilation or other rights in Information from other sources, and that NASDAQ's third-party information providers have exclusive proprietary rights to their Information. If you misappropriate or misuse any Information, NASDAQ or its providers may obtain injunctive relief for their materials.
Supporting quotations
NASDAQ has proprietary rights to the Information that originates on or derives from markets regulated or operated by NASDAQ
In the event of any misappropriation or misuse by you of any Information, NASDAQ or its third-party information providers shall have the right to obtain injunctive relief for its respective materials.
Content & IP Rights · Restriction or exception
NASDAQ may change its system or Information at any time, which may affect your access, without responsibility
NASDAQ may in its sole discretion modify its system or the Information. This may require changes to Robinhood's service or to how Information is provided or presented to you and may affect your access to or use of some or all of it. NASDAQ and Robinhood are not responsible for these effects. The "System" paragraph repeats that NASDAQ may modify its system or the Information, which may require changes in how Information is displayed, and NASDAQ is not responsible for those effects.
Supporting quotations
NASDAQ may from time to time, in its sole discretion, make modifications to its system or the Information.
NASDAQ and Robinhood shall not be responsible for such effects.
NASDAQ, in its sole discretion, may from time-to-time make modifications to its system or the Information. Such modifications may require corresponding changes to be made in the way Information may be displayed or provided to you. NASDAQ shall not be responsible for such effects.
Qualifications & exceptions
Robinhood is named as not responsible in the Modifications paragraph; the System paragraph names only NASDAQ.
Content & IP Rights · Restriction or exception
NASDAQ and its information providers give no warranties on the Information
NASDAQ and its third-party information providers make no warranties of any kind, express, implied or statutory, including as to timeliness, truthfulness, sequence, completeness, accuracy or freedom from interruption, any implied warranties from trade usage, course of dealing or performance, or implied warranties of merchantability, fitness for a particular use or purpose, or noninfringement.
Supporting quotations
NASDAQ and its third-party information providers make no warranties of any kind — express, implied or statutory (including without limitation, timeliness, truthfulness, sequence, completeness, accuracy, freedom from interruption)
Content & IP Rights · Permission or license
NASDAQ can limit or end data access for statutory reasons, or terminate on breach on three days' notice
NASDAQ, when required to fulfill statutory obligations, may by notice to the Distributor unilaterally limit or terminate the right of any or all Persons to receive or use the Information, and the Distributor will immediately comply and confirm to NASDAQ. Affected Persons have the procedural protections provided by the Act and applicable rules. If you breach, if any of your representations proves untrue, or where the SEC directs in its regulatory authority, NASDAQ may terminate the Nasdaq Market Data Agreement on not less than three days' written notice to you, given by NASDAQ or Robinhood.
Supporting quotations
NASDAQ, when required to do so in fulfillment of statutory obligations, may by notice to Distributor unilaterally limit or terminate the right of any or all Persons to receive or use the Information
Any affected Person will have available to it such procedural protections as are provided by the Act and applicable rules thereunder.
In the event of your breach, discovery of the untruth of any of your representations, or where directed by the SEC in its regulatory authority, NASDAQ may terminate this Nasdaq Market Data Agreement with not less than three (3) days written notice to you provided either by NASDAQ or Robinhood.
Qualifications & exceptions
Termination on breach, untrue representations or SEC direction needs at least three days' written notice.
Affected Persons keep the procedural protections provided by the Act and rules.
Not stated here
"Distributor" is used without a definition in the saved text; it presumably refers to Robinhood Financial but the text does not say so.
Content & IP Rights · Context
Nasdaq terms define "Information" broadly, including derived data that could substitute for it
In the Nasdaq Market Data Agreement, "Act" means the Securities Exchange Act of 1934, for Information disseminated from a NASDAQ Market in the United States. "Information" means market data and other data collected, validated, processed and recorded by the System or other sources and made available for transmission to and from a Vendor or NASDAQ about eligible securities and instruments, markets, products and indicators, NASDAQ's activities, and other NASDAQ information. It also includes any element of Information used or processed so that it can be identified, recalculated or re-engineered from the processed Information, or so that the processed Information can substitute for it. "NASDAQ" means NASDAQ, Inc. and its subsidiaries and Affiliates; "NASDAQ Markets" are its regulated exchange and market subsidiaries including The NASDAQ Stock Market; "Person" is any natural person or entity; "SEC" is the U.S. Securities and Exchange Commission; and "System" is any system NASDAQ developed to create or disseminate Information.
Supporting quotations
Definitions. The following terms have the following meanings:
“Act” shall mean the Securities Exchange Act of 1934, applicable only to Information disseminated from a NASDAQ Market in the United States.
Information also includes any element of Information as used or processed in such a way that the Information can be identified, recalculated or re- engineered from the processed Information or that the processed Information can be used as a substitute for Information.
“NASDAQ” means collectively NASDAQ, Inc., a Delaware limited liability company and its subsidiaries and Affiliates.
“NASDAQ Markets” shall mean the regulated securities and options exchange subsidiaries of NASDAQ and other regulated market subsidiaries of NASDAQ, including, but not limited to, The NASDAQ Stock Market.
“Person” means any natural person, proprietorship, corporation, partnership or other entity whatsoever.
“SEC” means the U.S. Securities and Exchange Commission.
“System” means any system NASDAQ has developed for the creation and/or dissemination of Information.
Qualifications & exceptions
Processed or derived data counts as Information if it can be identified, recalculated or re-engineered, or can substitute for it.
Content & IP Rights · Restriction or exception
To receive OTC Markets data you are deemed to enter the OTC Markets Subscriber Agreement, incorporated by reference
Robinhood may provide Market Data from OTC Market Group, Inc. and its affiliates ("OTC Markets Market Data"). As a condition of receiving it you are deemed to enter into an agreement with Robinhood Financial in the form of the OTC Markets Subscriber Agreement, as amended from time to time. That agreement, the Subscriber Addendum attached as Appendix A to the OTC Markets Group Market Data Distribution Agreement (also described as the "Market Data Distribution Agreement Subscriber Addendum"), is incorporated by reference into the Addendum. Robinhood Financial is the "Vendor" and you are the "Subscriber". The current version is available on the OTC Markets Group website or from Robinhood Financial on request.
Supporting quotations
As a condition of receiving any OTC Markets Market Data, you are deemed to enter into an agreement with Robinhood Financial in the form of the OTC Markets Subscriber Agreement, as defined below, as amended from time to time.
is incorporated by reference into this Market Data Addendum. For the purposes of the OTC Markets Subscriber Agreement Robinhood Financial is the “Vendor”, and you are the “Subscriber”.
The current version of the OTC Markets Subscriber Agreement is available on the OTC Markets Group website
Qualifications & exceptions
The agreement applies "as amended from time to time".
Not stated here
The OTC Markets Subscriber Agreement is not part of this saved text.
Content & IP Rights · Restriction or exception
You acknowledge the OTC Markets agreement; OTC Markets is a third-party beneficiary and may amend it
By opening an Account or accessing the Platform you expressly acknowledge that you have read and understood the OTC Markets Subscriber Agreement, and that OTC Markets Group and its affiliates are third-party beneficiaries of your agreement with Robinhood in that form. The OTC Markets Subscriber Agreement, and so the agreement between you and Robinhood Financial that the Addendum creates in that form, may be amended by OTC Markets Group from time to time.
Supporting quotations
By opening an Account or accessing the Platform you expressly acknowledge that (i) you have read and understood the OTC Markets Subscriber Agreement, and (ii) that OTC Markets Group and its affiliates are a third party beneficiary of the agreement between you and Robinhood in the form of the OTC Markets Subscriber Agreement.
may be amended by OTC Markets Group from time to time
Qualifications & exceptions
OTC Markets Group may amend the underlying agreement from time to time, and the amendment carries through to your agreement with Robinhood Financial.
Content & IP Rights · Restriction or exception
FactSet Market Data is for your own non-commercial use only, copyrighted, and unwarranted
FactSet Market Data, from FactSet Research Systems, Inc. or its affiliates, is given to you only under a limited right to use it for your own non-commercial use. It is FactSet's copyrighted work and must not be reproduced, republished, retransmitted or redistributed in any form. Neither Robinhood nor FactSet warrants the accuracy of FactSet Market Data or results from using it, and FactSet gives no express or implied warranties, including merchantability or fitness for a particular purpose. FactSet is not liable for lost profits or other incidental or consequential damages in connection with your use of it.
Supporting quotations
you will receive only a limited right to use that FactSet Market Data for your own non- commercial
use. FactSet Market Data is copyrighted works of FactSet and must not be reproduced, republished, retransmitted, or redistributed in any form.
Neither Robinhood nor FactSet makes any warranty, express or implied, as to the accuracy of the FactSet Market Data or results obtained from any use of the FactSet Market Data.
FactSet will not be liable for any lost profits or other incidental or consequential damages in connection with Your use of the FactSet Market Data.
Content & IP Rights · Restriction or exception
Morningstar Market Data is proprietary, cannot be copied, is unwarranted and creates no advisory relationship
Morningstar Market Data, provided directly or indirectly by Morningstar, Inc. or its affiliates, is proprietary to Morningstar Research Services LLC, Morningstar, Inc. and/or their content providers, may not be copied or distributed, and is not warranted to be accurate, complete or timely. Morningstar and its content providers are not responsible for damages or losses from any use of the information and give no express or implied warranties, including merchantability or fitness for a particular purpose. Access to or use of Morningstar Market Data does not establish an advisory or fiduciary relationship with those parties. Past performance is no guarantee of future results.
Supporting quotations
The Morningstar Market Data: (1) is proprietary to Morningstar Research Services LLC, Morningstar, Inc. and/or their content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely.
Neither Morningstar Research Services, Morningstar nor their content providers are responsible for any damages or losses arising from any use of this information.
Access to or use of any Morningstar Market Data does not establish an advisory or fiduciary relationship with Morningstar Research Services, Morningstar, Inc. or their content providers.
Content & IP Rights · Restriction or exception
For IEX Market Data you agree to be bound by the IEX Controlled Data Recipient Agreement and not to alter it
Robinhood may provide Market Data from Investors Exchange LLC ("IEX"). You acknowledge you have read and agree to be bound by the IEX Controlled Data Recipient Agreement; that you are not an agent of Investors' Exchange LLC and not authorized to add to, delete from or modify any of its terms; and that you agree no provision has been added to or deleted from it and no modifications have been made.
Supporting quotations
(1) you have read and agree to be bound by the IEX Controlled Data Recipient Agreement
(2) you agree that you are (i) not an agent of Investors’ Exchange LLC; (ii) not authorized to add to or delete any terms or provisions from the IEX Controlled Data Recipient Agreement; and (iii) not authorized to modify any provision of the IEX Controlled Data Recipient Agreement
(3) you agree that no provision has been added to or deleted from the IEX Controlled Data Recipient Agreement and that no modifications have been made to it
Not stated here
The IEX Controlled Data Recipient Agreement is not part of this saved text.
Content & IP Rights · Restriction or exception
To receive ICE corporate actions data you enter the ICE Market Data Addendum (Appendix 2)
Robinhood may provide Market Data on historical corporate actions from ICE Data Services, Inc. To receive any ICE Market Data you enter into the "ICE Market Data Addendum" in the form at Appendix 2 to the Market Data Addendum with Robinhood Financial.
Supporting quotations
certain Market Data related to historical corporate actions that is provided directly or indirectly by ICE Data Services, Inc. (“ICE”)
To receive or have made available to you any ICE Market Data, you enter into the “ICE Market Data Addendum” in the form attached at Appendix 2 to this Market Data Addendum with Robinhood Financial.
Qualifications & exceptions
Applies to ICE Market Data related to historical corporate actions.
Content & IP Rights · Context
The NYSE data display agreement is between you (Subscriber) and Robinhood Financial, formed by accepting
Appendix 1 is titled "Agreement for Market Data Display Services (Usage-Based Services/Nonprofessional Subscriber Status) (Electronic Version)". Robinhood Financial agrees to make certain Market Data available to you under its terms. By agreeing to the Customer Agreement and the Market Data Addendum you agree to comply with it. "Subscriber" or "you" means the Customer under the Customer Agreement, and "this agreement" means the agreement between you and Robinhood Financial that these terms constitute.
Supporting quotations
AGREEMENT FOR MARKET DATA DISPLAY SERVICES (Usage-Based Services/Nonprofessional Subscriber Status) (Electronic Version)
By agreeing to the Customer Agreement and the Market Data Addendum you agree to comply with the terms and conditions of this agreement.
References to “Subscriber” or “you” in this agreement means the Customer under the Customer Agreement
Content & IP Rights · Context
In the NYSE agreement "Market Data" means NYSE and designated data, and SROs hold proprietary interests
For the NYSE Market Data Agreement, "Market Data" means last sale and quotation information on NYSE-admitted securities, bond and other equity last sale and quotation information and index and market information that U.S.-registered national securities exchanges and associations (each an "Authorizing SRO") make available and the NYSE designates as "Market Data", and all information derived from it. You, as Subscriber, acknowledge that each Authorizing SRO and Other Data Disseminator has a proprietary interest in Market Data that originates on or derives from its markets.
Supporting quotations
Market Data Definition – For all purposes of this agreement, "Market Data" means (a) last sale information and quotation information relating to securities that are admitted to dealings on the New York Stock Exchange ("NYSE")
and (c) all information that derives from any such information
Subscriber understands and acknowledges that each Authorizing SRO and Other Data Disseminator has a proprietary interest in the Market Data that originates on or derives from it or its market(s).
Qualifications & exceptions
This definition applies "for all purposes of this agreement", the NYSE Market Data Agreement.
Content & IP Rights · Restriction or exception
You may not furnish NYSE Market Data to others; non-Nonprofessional users may use it only in their business
You, as Subscriber, must not furnish Market Data to any other person or entity. If you receive Market Data other than as a Nonprofessional Subscriber, you may use it only for your individual use in your business.
Supporting quotations
Subscriber shall not furnish Market Data to any other person or entity.
If Subscriber receives Market Data other than as a Nonprofessional Subscriber, it shall use Market Data only for its individual use in its business.
Content & IP Rights · Restriction or exception
Authorizing SROs may stop or change Market Data dissemination at any time without liability
At any time the Authorizing SROs may discontinue disseminating any category of Market Data, change or eliminate any transmission method, and change transmission speeds or other signal characteristics. They are not liable for any resulting liability, loss or damages.
Supporting quotations
at any time, the Authorizing SROs may discontinue disseminating any category of Market Data, may change or eliminate any transmission method and may change transmission speeds or other signal characteristics
The Authorizing SROs shall not be liable for any resulting liability, loss or damages that may arise therefrom.
Content & IP Rights · Restriction or exception
The NYSE agreement lasts while you can receive data, Robinhood Financial may end it at any time, and key terms survive
The NYSE Market Data Agreement remains in effect for as long as you have the ability to receive Market Data under it. Robinhood Financial may terminate it at any time, whether at the direction of the Authorizing SROs or otherwise. Paragraphs 2, 3 and 4, and the first two sentences of Paragraph 8, survive any termination.
Supporting quotations
This Agreement remains in effect for so long as Subscriber has the ability to receive Market Data as contemplated by this Agreement.
Robinhood Financial may terminate this Agreement at any time, whether at the direction of the Authorizing SROs or otherwise.
Paragraphs 2, 3 and 4, and the first two sentences of Paragraph 8, survive any termination of this Agreement.
Qualifications & exceptions
Termination by Robinhood Financial may be at the Authorizing SROs' direction or otherwise.
Content & IP Rights · Context
NYSE agreement: "Nonprofessional Subscriber" excludes registered persons and investment advisers
"Nonprofessional Subscriber" means a natural person who receives market data solely for personal, non-business use and who is not a "Securities Professional". A Securities Professional includes an individual who, working in the United States, is registered or qualified with the SEC, the Commodities Futures Trading Commission, a state securities agency, a securities exchange or association, or a commodities or futures contract market or association; or is engaged as an investment adviser as defined in Section 202(a)(11) of the Investment Advisers Act of 1940, whether or not registered; or, per the next block, is employed by a bank or other exempt organization to perform functions that would require registration.
Supporting quotations
"Nonprofessional Subscriber" means any natural person who receives market data solely for his/her personal, non- business use and who is not a “Securities Professional.”
(a) registered or qualified with the Securities and Exchange Commission
(b) engaged as an "investment advisor" as that term is defined in Section 202 (a) (11) of the Investment Advisor's Act of 1940 (whether or not registered or qualified under that Act), or
(c) employed by a bank or other organization exempt from registration under Federal and/or state securities laws
Qualifications & exceptions
The list continues in the next block (c).
Not stated here
Section 202(a)(11) of the Investment Advisers Act is an external law whose text is not supplied.
Content & IP Rights · Context
NYSE agreement: bank-employed registrable work and equivalent non-U.S. functions make you a Securities Professional
Under the NYSE Market Data Agreement, a Securities Professional also includes an individual employed by a bank or other organization exempt from securities registration to perform functions that would require him or her to be registered or qualified if performed for a non-exempt organization. A person who works outside the United States is a Securities Professional if he or she performs the same functions as someone who would be one in the United States.
Supporting quotations
(c) employed by a bank or other organization exempt from registration under Federal and/or state securities laws to perform functions that would require him or her to be so registered or qualified if he or she were to perform such functions for an organization not so exempt.
A person who works outside of the United States will be considered a “Securities Professional” if he or she performs the same functions as someone who would be considered a “Securities Professional” in the United States.
Qualifications & exceptions
Applies to individuals working in the United States (item c) and, by extension, to those outside the United States performing the same functions.
Content & IP Rights · Restriction or exception
Nonprofessional receipt needs a Robinhood Financial determination and actual qualification, for personal use
You may not receive Market Data as a "Nonprofessional Subscriber" unless you fall within the definition in Paragraph 9. Neither you nor Robinhood Financial may receive or provide Market Data on a Nonprofessional Subscriber basis unless Robinhood Financial first properly determines that you qualify and you in fact do. If you are a Nonprofessional Subscriber you receive Market Data solely for your personal, non-business use.
Supporting quotations
Subscriber may not receive Market Data as a “Nonprofessional Subscriber” unless they fall within Paragraph 9’s definition of “Nonprofessional Subscriber.”
unless Robinhood Financial first properly determines that Subscriber qualifies as a “Nonprofessional Subscriber” as defined in Paragraph 9 and Subscriber in fact qualifies as a “Nonprofessional Subscriber.”
If Subscriber is a Nonprofessional Subscriber, he or she shall receive Market Data solely for his or her personal, non-business use.
Qualifications & exceptions
Both a proper determination by Robinhood Financial and actual qualification are required.
Content & IP Rights · Permission or license
Appendix 2: Robinhood is authorized to redistribute ICE Data Services data to its clients
Robinhood has an agreement with ICE Data Services, Inc. or its affiliate under which it is authorized to incorporate data it receives from ICE Data Services ("Data") and redistribute the Data to "Licensee's clients". The saved text uses the placeholder term "Licensee" without defining it.
Supporting quotations
Robinhood has entered into an agreement with ICE Data Services, Inc. or its affiliate (“ICE Data Services”) under which Robinhood is authorized to incorporate data it receives from ICE Data Services (“Data”) and redistribute the Data to Licensee’s clients.
Not stated here
"Licensee" and "[CLIENT OF LICENSEE]" are template terms in the saved text and are not defined there.
Content & IP Rights · Restriction or exception
ICE Data Services and its suppliers give no warranties and are not liable for errors, omissions or delays
ICE Data Services, its affiliates and their third-party suppliers make no express or implied warranties about merchantability, fitness for a particular purpose or use, title or any other matter about the Services, including the data, information, software, applications or products in them, results from using them, or their performance. They do not guarantee the adequacy, accuracy, timeliness or completeness of the Services and have no liability to the client of the Licensee or any third party for errors, omissions, interruptions, malfunctions or delays.
Supporting quotations
ICE DATA SERVICES, ITS AFFILIATES AND THEIR RESPECTIVE THIRD-PARTY SUPPLIERS MAKE NO WARRANTIES, EXPRESS OR IMPLIED, AS TO MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE OR USE, TITLE, OR ANY OTHER MATTER AS TO THE SERVICES
NONE OF ICE DATA SERVICES, ITS AFFILIATES OR THEIR THIRD- PARTY SUPPLIERS GUARANTEES THE ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE SERVICES OR ANY COMPONENT THEREOF, AND SHALL HAVE NO LIABILITY TO [CLIENT OF LICENSEE] OR ANY THIRD PARTY FOR ANY ERRORS, OMISSIONS, INTERRUPTIONS, MALFUNCTIONS OR DELAYS IN THE SERVICES.
Not stated here
The text uses the placeholder "[CLIENT OF LICENSEE]" without defining whom it covers.
Content & IP Rights · Restriction or exception
ICE data: professional clients use their own judgment; retail clients are told Robinhood, not ICE, chose to offer it
If you are a Securities Professional customer, you acknowledge the Services are intended for institutional investors, registered broker-dealers, professionals and others of similar sophistication, that you are capable of and accept responsibility for your own independent judgment in selecting Data, how to use it and any results, and nothing waives rights under applicable securities law. If you are a retail client, you understand that Robinhood, not ICE Data Services, decided to make the Services available to you, and ICE Data Services expressly disclaims any representations or warranties about the appropriateness or suitability of any Services for you.
Supporting quotations
For Professional Clients: If you are a “Securities Professional” customer, you acknowledge that the Services are intended for use by institutional investors, registered broker-dealers, professionals and others of similar sophistication and experience.
Nothing contained herein shall be deemed to be a waiver of any rights existing under applicable securities law.
For Retail Clients: You understands that Robinhood, and not ICE Data Services, has determined to make the Services available to you.
ICE Data Services makes no, and expressly disclaims any, representations or warranties as to the appropriateness or suitability of any Services for you.
Qualifications & exceptions
Nothing in the professional-client acknowledgment waives rights existing under applicable securities law.
Content & IP Rights · Restriction or exception
Receiving ICE Services creates no relationship with ICE Data Services, and it gives no investment advice
You acknowledge that receiving Services from the Licensee does not create a client, fiduciary or other relationship between ICE Data Services and you or anyone else. ICE Data Services is not undertaking to give investment advice to you or anyone else, and the Services do not purport to meet anyone's objectives or needs.
Supporting quotations
the receipt of Services from Licensee does not create a client, fiduciary, or other relationship between ICE Data Services and you or any other person
ICE Data Services is not undertaking to provide investment advice to you or any other person
Content & IP Rights · Restriction or exception
You may not publicize your access to ICE data, and ICE and its suppliers are third-party beneficiaries
You must not publicize the fact that you have access to Data from ICE Data Services. ICE Data Services, its affiliates and their third-party suppliers are third-party beneficiaries of these terms.
Supporting quotations
You shall not publicize the fact that you have access to Data from ICE Data Services.
ICE Data Services, its affiliates, and their third-party suppliers shall constitute third-party beneficiaries hereunder.
Content & IP Rights · Restriction or exception
ICE Data is for internal use within Approved Products only, and seven uses are excluded without written authorization
Unless otherwise agreed in writing, you may use the Data solely for your internal use and benefit within the Approved Product(s). Use expressly excludes, without limitation and unless ICE Data Services gives prior written authorization: creating or helping create any index; fund valuation, including fund accounting and net asset value or indicative NAV calculations; building a security master or cross-reference database; further dissemination in any form to any third party; use for a joint venture to which you are a party; use in place of data you receive from ICE Data Services or another provider under other agreements; and building data, products or services that may compete with those of ICE Data Services or its affiliates.
Supporting quotations
Unless otherwise agreed to in writing, the Data may be used by you solely for its internal use and benefit within the Approved Product(s).
Use of the Data expressly excludes, without limitation, the following, unless express prior authorization is provided, in writing, by ICE Data Services:
Use to create or assist in the creation of any index
Use for fund valuation purposes, including but not limited to, fund accounting, net asset value and indicative net asset value calculations
Use in the construction of a security master or cross-reference database
Further dissemination in any form to any other third party
Use of the Data for a joint venture to which you are a party
Use in replacement of any data received by you directly or indirectly from ICE Data Services under any other agreements you may have with ICE Data Services, or another third party service provider or distributor
Use of in the construction of data, products or services that may compete with data, products or services available from ICE Data Services and/or its affiliates.
Qualifications & exceptions
The excluded uses are listed "without limitation", and each can be authorized by ICE Data Services in writing in advance.
Not stated here
"Approved Product(s)" is used without a definition in the saved text.