Derived Data Usage definition

Derived Data Usage means use of the Information in one or more applications or services that produce and distribute data derived from the Information, including applications or services that (i) produce derived pricing information, (ii) calculate Subscriber’s own prices, (iii) create indices or (iv) generate other information or analysis derived from the Information; provided that such applications or services (a) are fully automated, (b) use the Information to produce data based on an algorithm without human intervention, (c) do not display the Information to any User, and (d) without considerable expense and effort, cannot be reverse engineered or otherwise used to reproduce the Information.
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Examples of Derived Data Usage in a sentence

  • Notwithstanding the foregoing, the Distributor is not required to report the number of Recipients in the case of (i) Information distributed pursuant to a Broker-Dealer License, (ii) Derived Data Usage of the Information, or (iii) Internal Display Usage or External Display Usage of Delayed Data.

  • Distributor receiving an Uncontrolled Data Feed must declare their Non-Display and Derived Data Usage to OTC Markets Group on an annual basis, by January 31 of each year, or more frequently upon request by OTC Markets Group, by completing the OTC Markets Non-Display and Derived Data Usage Declaration.

  • In the event that Distributor’s use of the Information is or becomes inconsistent with the Non-Display and Derived Data Usage Declaration, Distributor agrees to promptly notify OTC Markets Group and submit a revised declaration for approval by OTC Markets Group.