Licensing ASX data for New Original Work
Our New Original Work licensing framework is designed for financial organisations who intend to use ASX data to create new products and values, such as:
- Fair values
- Financial products linked to an Index
You’ll need a New Original Work licence if you use ASX data to create, calculate or distribute a work or value, and the data has been processed or modified to such an extent that it can’t be traced back or reverse-engineered or used as a substitute for the underlying input data.
There are two distinct types of New Original Work licences
A licensed entity can act as a calculator of New Original Works, either for itself and/or on behalf of one or multiple Licence Holders. Fees are payable by market and fees for the use of Real Time Information include Delayed and End of Day, similarly Delayed include End of Day.
A separate licence is required for each distinguishable New Original Work. Given the unique nature of a New Original Work, the Licence Holder fees are determined based on a number of factors including but not limited to the number of instruments created, the timeliness of dissemination, whether tradable products will be issued and the extend of distribution for each distinguishable New Original Work.