Exchange and vendor terms
Market data licensing terms: whose prices are in your dataset
Updated
A financial dataset that carries exchange prices or vendor figures inherits the licence they came under, and that licence decides what can be passed on.
Describe your financial dataset Statements, fundamentals, prices, filings parsed into tables: say what you hold, where it came from and how many years it covers, and we read it against the terms and rules on this site.
The exchange keeps its information
The Nasdaq Global Data Agreement says the distributor retains all ownership and other rights associated with its own data. A dataset built on Nasdaq prices sits under that agreement as well as under the owner's own work.
Source: Financial data platforms' terms
Euronext's and ICE's website terms say the exchange or its third-party provider owns all right, title and interest in their content, and TradingView's that the information on its platform belongs to TradingView or its data providers.
Source: Financial data platforms' terms
How many say anything about a customer's data
Of the 30 platforms on our board, 19 do not say who owns a customer's data at all, and 30 are silent on training AI on it. Silence is not a licence: the clause a buyer relies on is in the subscription agreement, so read it before offering a single row.
Source: Financial data platforms' terms
What is yours to license
Figures your own staff gathered, checked and standardised, and the history you kept, are the part of a dataset a buyer can take from you. For where a buyer meets you, see who takes financial data and through which door.