Professional vs Non-professional Investor Categorization

Every user is required to disclose to TrendSpider when signing up if they meet the definition of a Professional Investor per the US Securities and Exchange Definition of the term. It is your responsibility to provide an accurate answer to this question upon account creation and to inform TrendSpider of any changes to your status should they occur in the future.

What is a Professional Investor?

A professional investor is defined as an investor who answers anything other than YES to the first question and NO to all the others. Any deviation from that classifies an investor as Professional.

  1. Do you use Market Data solely for your personal, non-business use?
  2. Do you receive Market Data for your business or any other entity?
  3. Are you currently registered or qualified with the SEC or the CFTC?
  4. Are you currently registered or qualified with any securities agency, any securities exchange, association or regulatory body, or any commodities or futures contract market, association or regulatory body, in the United States or elsewhere?
  5. Whether you are located within or outside of the United States, do you perform any functions that are similar to those that require an individual to register or qualify with the SEC, the CFTC, any other securities agency or regulatory body, any securities exchange or association, or any commodities or futures contract market, association or regulatory body?
  6. Are you engaged to provide investment advice to any individual or entity?
  7. Are you engaged as an asset manager?
  8. Do you use the capital of any other individual or entity in the conduct of your trading?
  9. Do you conduct trading for the benefit of a corporation, partnership, or other entity?
  10. Have you entered into any agreement to share the profit of your trading activities or receive compensation for your trading activities?
  11. Are you receiving office space, and equipment or other benefits in exchange for your trading or work as a financial consultant to any person, firm or business entity?

Again, if you can answer YES to question #1 and NO to every other question, you are NOT considered a professional investor under this definition.

What does it mean if you are classified as a Professional Investor?

If you are considered a Professional investor, you will be required to complete additional paperwork provided by one or more exchanges in order to access their market data. You will have to remain in compliance with exchange regulations at all times as well as your professional licenses.

You will also be billed for access to certain market data feeds. The exchange fee for NYSE US Equity data is generally $18 to $20 per month after taxes, if applicable. This payment may be billed by TrendSpider on behalf of the exchange, or it may be billed by the exchange directly to you, depending on the exchange regulations.

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