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3.2 using the Services to develop, create or directly price any index (e.g., any composite financial index), data feed services, valuations services to third parties or any database or service that competes directly with the Services or any other BOAT service offered in the market place or that would create a substitute for any such BOAT service. For the avoidance of doubt, the Services shall not be used in any index or to create, price or calculate indices or any similar derivative product (including but not limited to "baskets" and "strategies"). For example, a total return index on the trading strategy or total return of investment strategy in relation to a structured product whose performance is based on a quantitative trading strategy, and the daily/weekly NAV or redemption value together with the Services are used to calculate such index; and

3.3 using the Services for any illegal purpose or contrary to the laws applicable in the jurisdictions where Customer or End Users operates or applicable to supply and use of the Services.

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Exchanges and Delays