Connectivity is not entitlement
An API key, FIX session or technical connection does not by itself define how the data may be used. Contracts can distinguish internal use, client display, non-display processing and redistribution.
Rights may vary by instrument or venue
A provider can supply many asset classes while the permitted usage differs across them. Architecture and commercial review should therefore work from an explicit instrument and use-case inventory.
Separate internal and external distribution
Internal risk or dealing consumption may have different rights from client-facing APIs or terminal display. Keeping distribution paths distinct makes entitlement enforcement easier.
Derived data needs review
Transforming or aggregating an input does not automatically remove licensing obligations. The treatment of derived data depends on the underlying agreements and applicable source rules.
Document before launch
Before production, record the source, instrument scope, consumers and permitted use. This gives technical teams a concrete boundary and avoids treating licensing as an afterthought.
How this applies to a broker deployment
The exact architecture depends on the selected sources, instruments, platform, regions, data rights and operating model. PriceFeed.xyz scopes those requirements before defining a production design. The examples in this guide explain engineering concepts and do not imply a specific source entitlement, hosting location, latency guarantee or service-level commitment.