Yes. All customers must sign and adopt the new Agreements for the usage and distribution of US Consolidated Tape data, and firms receiving US Consolidated Tape data must be licensed before March 2027.
This is a one-time exercise — a full papering of your legacy CTA and UTP agreements. Each firm executes the new Data Usage Agreement and/or Distribution Agreement once, covering all three Tapes. Legal review can take time, so start today. The contracts are available at consolidatedtape.com/agreements.