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Guidelines and Policies

On 1 January 2022, the following changes to the non-display licences will come into effect:

Introduction of Unit-of-Count „Device“ for Non-Display Trading Based Activities

The introduction of a unit-of-count "Devices" with four new price levels "Entry", "Medium", "Plus" and "Unlimited" enables diversification according to the usage scope. 

A Device is any terminal, application, platform and/or other system or device capable of accessing, receiving, processing, displaying and/or otherwise using the Information. Each set of Log-In-Credentials (e. g. Access-ID) that entitles a Device access to the Information, is regarded as one Device. If a Device has the ability to access the Information multiple times simultaneously, each instance should be counted as a Device.

The number of devices determines the classification in the respective usage category:

  • Entry: 1-5 Devices
  • Medium: 6-10 Devices
  • Plus: 11-29 Devices
  • Unlimited:  From 30 Devices onwards


For classification into the correct category, please make a selection in MD+S interactive that corresponds to your usage scope.

Introduction of Non-Display Enterprise License

This new licence enables full Non-Display use across all client categories (trading platform, proprietary and third-party trading, index calculation and use in other applications). The access is unlimited, i.e. any number of devices.

Market Data and Non-Display Guidelines

> Market Data Policy Guideline and Frequently Asked Questions for customers [PDF]
> Non-Display Guidance Notes for customers [PDF]

Agreeements

This page provides contractual documents relating to the Market Data Dissemination Agreement: > https://www.mds.deutsche-boerse.com/mds-en/real-time-data/agreements