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Non-Tech : Nasdaq Subscriber Agreement

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To: canuck-l-head who wrote (13)4/20/2001 5:14:39 PM
From: rhythm  Read Replies (2) of 52
 
They will try to tell you that you're the only one who deeply resents their arrogance. You are not.

They will try to deflect the blame onto Nasdaq. You will see through this, knowing that Nasdaq's deadline is April 30, and that TDW has chosen to deny you access to your account ten full trading days before that in an attempt to intimidate you into signing, and that in any case Nasdaq's rights begin and end with their own quotes, and they have no authority over those of the TSE and CDNX. You will not be fooled. It is not a Nasdaq problem, it is a TDW problem, and you know that.

The contract itself is simply absurd. You are committing to keep a record of all Nasdaq quotes you receive, and in a verifiable fashion. So you could make a point of storing the memory "Yes I think I got (or didn't get) some Nasdaq quotes.", and then for verification you could give them a second opinion, "You're ugly, too." On signing they will have the right to enter your house after giving reasonable notice, you could argue that that means something in a 15 to 25 year time frame, and then you will enjoy for that time the thoughts of your plan to cancel at the last moment. No problem. Nasdaq is not the problem. Just a bit of a joke.

TDW is the problem. They knew about this many weeks ago. They chose not to warn their clients in advance. They chose the route of intimidation through denial of service. You cannot get past that page without signing. If you sign, you will have caved to duress, allowed yourself to be intimidated.

Michael, for trading there are other brokers. TDW's telephone lines are for pointing out to them the error of their ways.
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