Professional vs Non-Professional
Professional vs Non-Professional
Most exchanges and data vendors classify clients as either non-professional or professional. By default, organizations such as corporations, limited liability companies, partnerships and any account where the data is used for more than personal investment purposes is deemed to be professional. In addition, private persons may be considered professional if they are registered as a security or investment advisor, or act in a similar capacity. A trader who is employed by a financial services business may also be considered a professional. Click here for more information about non-professional qualifications.
By default, all users are classified as Professional Market Data users. Individuals who believe they should be classified as Non-Professional market data users should update their market data subscriber status within the client portal.