To Obtain Academic Waivers for Real-Time Exchange Fees Back
		New York Stock Exchange (NYSE) American Stock Exchange (AMEX) Options Price Reporting Authority (OPRA) NASDAQ Chicago Board of Trade (CBOT) Chicago Mercantile Exchange (CME) New York Mercantile Exchange (NYMEX/COMEX) New York Board of Trade (NYBOT) Kansas City Board of Trade (KCBT) Minneapolis Grain Exchange (MGEX)

New York Stock Exchange (NYSE)
		Execute the attached NYSE Professional Subscriber Agreement in the university’s name.
		Write a letter printed on University letterhead that includes the following information:
		a. Name and description of the academic program. b. Company and contact name of the distributor to provide the data. c. Number of accounts with access to real-time data. d. Approximate number of students and faculty in the program. e. Brief description of how market data will be used in program. f. The data will only be used for educational purposes. g. The service will be limited to students and faculty.
		Fax a copy of completed, signed agreement and University letter to TradeStation Technologies, Inc at (954) 652-7398.
		Mail original documents to:
		TradeStation Technologies, Inc. Market Data Services 8050 SW 10 Street, Suite 3000 Plantation, FL 33324
		When NYSE approves the waiver, accounts are enabled for real-time data.

American Stock Exchange (AMEX)
		Execute the attached AMEX Professional Subscriber Agreement in the university’s name.
		Follow steps 2 through 4 above under NYSE.
		When AMEX approves the waiver, accounts are enabled for real-time data.

Options Price Reporting Authority (OPRA)
		Execute the attached OPRA Professional Subscriber Agreement in the university’s name.
		Follow steps 2 through 4 above under NYSE.
		When OPRA approves the waiver, accounts are enabled for real-time data.

NASDAQ
NASDAQ offers academic waivers for real-time market data fees to qualifying academic institutions to help offset research costs. Colleges and universities may apply for a waiver of the monthly market data and annual administration fees associated with those devices used by students and professors in the university or college research and classroom environments only.
		To be considered for an academic waiver, the university’s program sponsor should submit a written request to NASDAQ Market Data Distribution. The request must be printed on university letterhead and include the following information:
		a. Name and description of the academic program. b. Company and contact name of the external distributor to provide the data. c. Number of devices with access to real-time data. d. Approximate number of students and faculty in program. e. Brief description of how market data will be used in program.
		The request should be sent to the following address:
		The NASDAQ Stock Market, Inc. Market Data Distribution 9600 Blackwell Drive, Suite 500 Rockville, Maryland 20850 Fax: (301) 978-5295
		Also, fax a copy of the letter to TradeStation Technologies, Inc at (954) 652-7398. We will follow up on the status of the waiver and enable the account(s) for real-time data once approved.
		NASDAQ will consider waiver requests on a case-by-case basis. Please allow two to three weeks for processing. Use this link to view all information regarding the Nasdaq fee waiver program.

Chicago Board of Trade (CBOT)
		The University contact needs to send a letter to the CBOT requesting the waiver. The request must be printed on university letterhead and include the following information:
		a. Name and description of the academic program. b. Company and contact name of the external distributor to provide the data. c. Number of devices with access to real-time data d. Approximate number of students and faculty in program. e. Brief description of how market data will be used in program.
		The letter should also state that the university adheres to the following requirements:
		• The university must contract with the data provider as an educational institution, not as an individual user. Subscriber agreements must be executed in the university's name. • Any individual, either student or faculty cannot use the device for commercial or trading purposes. It may only be used for educational purposes. • The device must be located on the university's campus.
		Send the letter to: Jennifer Lamont Market Data Products and Information Chicago Board of Trade 141 W. Jackson, Suite 340-A Chicago, IL 60604
		Also, fax a copy of the letter to TradeStation Technologies, Inc at (954) 652-7398. We will follow up on the status of the waiver and enable the account(s) for real-time data once approved.

Chicago Mercantile Exchange (CME)
		In order to receive an authorized CME market data exchange fee waiver, one must do the following:
		a. Obtain a feed of CME prices from an authorized CME market data distributor. b. Submit a letter on university letterhead indicating: • Number of requested terminals • Name of market data distributor w/ contact information • Reason for requested fee waiver c. Complete two copies of the attached Information Distribution Agreement and return both original copies to CME. The CME will return one copy to you upon approval. d. Your Information Distribution Agreement must include all documents requested above. All incomplete applications will be discarded after 30 business days.
		Please return all correspondence to the following mailing address:
		Information Products Management Chicago Mercantile Exchange Inc. 20 S Wacker Drive Chicago, IL 60606
		Fax a copy of the letter and executed agreement to TradeStation Technologies, Inc at (954) 652-7398. We will follow up on the status of the waiver and enable the account(s) for real-time data once approved.
New York Mercantile Exchange (NYMEX/COMEX)
		Academic fee waivers not offered by this exchange.
New York Board of Trade (NYBOT)
		Academic fee waivers not offered by this exchange.

Kansas City Board of Trade (KCBT)
		The KCBT reviews academic waiver requests on a case-by-case basis. The educational institution must make the request in writing and confirm/indicate the following:
		a. The KCBT data is used by students and university staff strictly for academic purposes. b. The terminals must be maintained in a non-public area (classroom, not the library) and supervised by a responsible member of the university staff (i.e., the professor) so that the data is in a controlled environment (specifying where the terminals will be located and the number). c. No real trading will occur using the KCBT data. Should conditions change in the future (i.e., the terminals or stations be used for any trading or commercial purposes), fees would be applicable.
		The KCBT will then review the request and respond accordingly.
		Also, fax a copy of the letter to TradeStation Technologies, Inc at (954) 652-7398. We will follow up on the status of the waiver and enable the account(s) for real-time data once approved.

Minneapolis Grain Exchange (MGEX)
		The University contact needs to send a letter (or e-mail) the MGEX requesting the waiver. The request must be printed on university letterhead and include the following information:
		a. Name and description of the academic program. b. Company and contact name of the external distributor to provide the data. c. Number of devices with access to real-time data. d. Approximate number of students and faculty in program. e. Brief description of how market data will be used in program.
		Send letter / e-mail to:
		James Holm Minneapolis Grain Exchange 130 Grain Exchange Building 400 South 4th Street Minneapolis, MN 55415 e-mail: jholm@mgex.com
		Also, fax a copy of the letter to TradeStation Technologies, Inc at (954) 652-7398 (or cc: e-mail to pvomsaal@tradestation.com). We will follow up on the status of the waiver and enable the account(s) for real-time data once approved.

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