vendor reporting

Online Vendor Reporting

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Overview

All internal and/or external redistributors of real-time CTA or NYSE Proprietary Market Data Products are required to report their use of that data to the NYSE on a monthly basis. This applies to vendors that provide:

Displays:

  • Real-time market data to its employees (internal use)
  • Real-time market data to professional subscribers (external use)
  • Real-time market data to nonprofessional subscribers (external use)
  • Real-time market data on a usage/per quote basis

Data feeds:

  • Data feed access - real-time and delayed feeds

Reports must be accurate, complete, and based on entitlements. For audit purposes, all entitlement systems should have the ability to generate and store entitlement reports for a period of no less than 3 years from the date service was terminated. NYSE reserves the right to request entitlement details at any time.

Web Based Reporting

The NYSE Market Data online reporting system is designed to support small to medium-sized vendors. It offers vendors the ability to report internal and external distribution of displays and data feed customers, quote metered usage, and nonprofessional service usage. After a new subscriber is authorized on the subscriber authorization web tool, details for this subscriber will automatically appear on the reporting tool to allow you to report their product inventory.

The system will also provide vendors with their historical reporting data and account profile information. Through this web tool vendors can submit quantities for previous months that have not been reported, and edit their history for quantities previously reported incorrectly.

When to Report

Vendors are required to submit inventory reports to the NYSE each month for the current month for the services whose entitlements they control. Vendors are recommended to take a snapshot of their databases (excluding usage based and non-professional subscribers) on the 15th of the month and report the resulting inventory before the second to last business day of that month. This allows the NYSE to better serve our mutual customers by providing more accurate inventories.

What to report

The information that must be reported depends on the services/products that the vendor is approved to offer.

  1. Internal Display Device: All employees permissioned with Market Data (regardless of whether it is CTA or NYSE Proprietary data) are reportable but not by individual names. The location addresses that have users with access should be created and the total number of users for each product at each location must be reported. Required detail includes:
    • VAN
    • Legal Company Name
    • Installation Street Address
    • Installation City
    • Installation State/Region
    • Installation Postal Code
    • Installation Country
    • Product (type of service)
    • Number of permissioned users
    • Effective date
  2. External Display Device: All users permissioned with CTA or NYSE Proprietary data are reportable. The sum of employees at each location for an organization is reported. In order for a user to qualify being reported as a specific organization, they must be an employee of that organization. This includes creating a VAN (link section 3.1.) to identify each organization by location. This is considered a “subscriber entry” for those reporting in a VRXML file format. Required detail includes:
    • VAN
    • Legal Company Name
    • Installation Street Address
    • Installation City
    • Installation State/Region
    • Installation Postal Code
    • Installation Country
    • Product (type of service)
    • Number of permissioned users
    • Effective date
  3. Nonprofessional Service: All individuals qualified and permissioned as nonprofessionals are reportable. Nonprofessionals are reported as one aggregate total per nonprofessional product and indirectly billed to the vendor by NYSE. Individual names and locations are not reported.
  4. Usage-based service: All quote meter services provided must be reported. An aggregate of the quote packets must be included. A quote packet includes any data element or all data elements in respect of a single issue. Metered usage is reported as one aggregate total per usage product and indirectly billed to the vendor by NYSE.
  5. Datafeed vending: All organizations or individuals that are not employees of your company and receive real-time or delayed data feeds (with the exception of those vendors that have executed the Exhibit C for delayed feeds) are reportable. This includes creating a VAN (link to section 3.1.) to identify each organization by location. Product Codes (link to section 3.3.) are required if you are reporting via a formatted file. Required detail includes:
    • VAN
    • Legal Company Name
    • Installation Street Address
    • Installation City
    • Installation State/Region
    • Installation Postal Code
    • Installation Country
    • Product (type of service)
    • Number of permissioned users
    • Effective date
    Note: If a subscriber no longer wishes to receive NYSE data, there is no need to notify NYSE directly. Simply depermission the service and report the inventory for the location product with a zero quantity using the effective date that the product was depermission in the inventory report.

Failure to report

Vendors are required to accurately report inventory for NYSE Market Data products whose entitlements they control each month for the current month. Failure to do so, may result in NYSE requesting that your service be terminated. If you do not report, you will receive email notifications from NYSE reminding you of your obligations and specifying what products have not been reported. If your reporting obligations have not been met within 60 days, another email will be sent to you specifying that your service is being terminated, together with the date of termination (usually 30 days in advance of the email date). This email is also sent to the vendor who is supplying your service who is obligated to terminate your service as of the date specified.

Note that if you report prior to the termination date, the obligation to terminate is void.