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SPECIAL NOTE: Tickblaze provides an ALL INCLUSIVE data solution for NON PRO users. If you identify as a PRO USER, you will need to purchase your data externally with one of our supported partners. During the checkout process, you will be redirected to the Data Agreements and self-declaration questions concerning these regulatory agreements.

Here’s a breakdown of what typically distinguishes a Non-Professional (Non-Pro) trader from a Professional (Pro) trader in the eyes of regulators and data providers:

Non-Professional Trader:

1. Individual Use: Non-Pro traders are individuals who use market data solely for personal, non-commercial purposes.
2. Limited Scope: They do not engage in trading activities as part of a business or profession.
3. Minimal Income: Their primary source of income is not derived from trading or investing in securities.
4. Non-Commercial Activities: They do not manage or execute trades on behalf of others, nor do they provide trading advice for compensation.
5. Educational or Research Use: Market data usage is primarily for educational purposes or personal research.
6. Limited Market Access: Non-Pro traders typically do not have direct market access or engage in high-frequency trading.

Professional Trader:

1. Commercial Use: Pro traders use market data for commercial purposes, such as managing assets for clients or generating income through trading activities.
2. Business Activities: They engage in trading as part of a business or profession, either as an individual or on behalf of a firm.
3. Income Generation: Their primary source of income is derived from trading or investing in securities.
4. Managing Investments: They may manage portfolios, execute trades for clients, or provide trading advice for compensation.
5. Commercial Research: Market data usage includes conducting market analysis for commercial purposes, such as developing trading strategies or investment models.
6. Direct Market Access: Pro traders often have direct access to markets and may engage in high-frequency trading or algorithmic trading strategies.

Determining Status:

• Self-Assessment: Traders are generally responsible for self-assessing their status as a Non-Pro or Pro trader based on their trading activities and intended use of market data.
• Regulatory Definitions: Regulatory bodies such as the Securities and Exchange Commission (SEC) provide guidelines for determining professional status, but interpretations may vary.
• Data Provider Requirements: Data providers like NYSE, NASDAQ, and CME may have specific criteria for classifying traders as Non-Pro or Pro, which traders must adhere to for access to certain data feeds or services.

By understanding these distinctions, you can accurately determine your status and ensure compliance with regulatory requirements and data provider policies. Use this above checklist as a guideline in choosing the correct subscriptions and plan with Tickblaze.