OptionNalytics Terms Of Service Agreement
Last Updated: 22nd February 2018
The following terms and conditions (the “Terms of Service”) constitute a legally binding agreement between OptionNalytics Pte Ltd (“OptionNalytics”, “us” or “we”) and Subscriber (“you”), the entity or individual listed in the account registration form or order form, the completion of which requires you to enter into this binding agreement, and sets forth the terms and conditions that govern your use of www.optionnalytics.com (the “Site”) and/or any related services (the “Services”) provided by OptionNalytics.
If you are entering this agreement on behalf of a company or other legal entity, you represent that you have the authority to bind such entity and its affiliates to these terms and conditions. If you do not have such authority, or if you do not agree with these terms and conditions, you must not accept this agreement and may not use the services.
Use of Services
Unless otherwise specified, OptionNalytics grants to you a non-exclusive, non-transferable, and non-sublicensable right to access the Site and use the Services for your personal use or for your own business purposes (but not on behalf of any third party) provided that you agree with and comply fully with the provisions of this Agreement.
You acknowledge and understand that we provide tools and infrastructure that allow you to learn, create, test, and use your algorithms and algorithmic trading strategies. To be clear, we do not provide the algorithms and strategies, but rather the tools to create them and the data with which you can test and use them. You can create and test your own algorithms. You may also have access to algorithms created by others, though these algorithms are provided as a foundation for your education and development of your own algorithms, and not as a substitute for your own development and understanding. Whether you create your own algorithms or use algorithms made available on the Site, we have no responsibility for your algorithms or your use of these algorithms and the results they produce.
You agree to pay the fees posted for the Services for which you have enrolled. OptionNalytics reserves the right to change its fees from time to time, and unless you have entered into a fee agreement for a specific term, you agree to be bound by any change in fees as evidence by your continued use of the Services. You are responsible for payment and reporting of all taxes, including federal, state and local sales and usage taxes, associated with this Agreement and the Services to be provided hereunder. Any amount due to OptionNalytics and not paid when due shall bear interest at one and one-half (1.5%) percent per month or the maximum rate permitted by applicable law, whichever is less. Costs incurred by OptionNalytics to collect any amount not paid when due shall be your responsibility of (including, without limitation, any attorney fees, arbitration fees and court costs).
The Services – Investment Tool and Not Professional Advice
Our Services are meant as an aid to assist you in managing your financial strategies. NEITHER OPTIONNALYTICS NOR THE SERVICE IS INTENDED TO PROVIDE LEGAL, TAX OR FINANCIAL ADVICE. OPTIONNALYTICS IS NOT A FINANCIAL PLANNER, BROKER OR TAX ADVISOR. The Service is intended only to assist you in your financial organization and decision-making and provide the mechanics to do so. Your financial situation is unique, and any strategies learned through the Service may not be appropriate for your financial needs. The use and interpretation of the Services requires skill and judgment, and you shall at all times exercise your own judgment in the use of the Services. You are responsible for learning the skills necessary to understand any algorithm or investment strategy that you implement, and you agree not to hold OptionNalytics accountable for the results.
To become a user of our Services (“User”), you must complete the registration process by providing OptionNalytics with current, complete and accurate personally identifiable information, including, without limitation, your real name and the email address where we can reach you, as prompted by the applicable registration form. You further agree to keep all registration information current, complete and accurate.
YOU ARE RESPONSIBLE FOR ANY AND ALL ACTIVITIES AND CONDUCT, WHETHER BY YOU OR ANYONE ELSE, THAT ARE CONDUCTED THROUGH YOUR ACCOUNT.
We may hold you liable for any losses incurred by OptionNalytics or any other party due to someone else’s use of your account or password. You agree to notify OptionNalytics immediately upon your becoming aware of any unauthorized use of your account or any other breach of security involving your account. OptionNalytics will not be liable for any loss that you or any other party may incur as a result of someone else’s use of your password or account, either with or without your knowledge.
We use the term “Content” to mean entire or partial algorithms, code and code segments, trading strategies, data transformations, data analysis and manipulation functions, tools, software, data, databases, text, messages, images, graphics, video files, audio files, ideas and other information and materials. We use the term “Shared Content” to mean the Content that we, you, or other Users of OptionNalytics post in publicly accessible areas of the Site and Services.
Other than as provided at the end of this Section in respect of Shared Content, you acknowledge and agree that you will not:
If you copy, modify, comment on or republish Shared Content posted by another User or OptionNalytics, you must attribute authorship of that Shared Content to such User or OptionNalytics. If you copy, modify, comment on or republish Content publicly released by any third party independent of the Site, you must attribute authorship of that Shared Content to the creator.
Unless otherwise specified, the Services are for your personal and non-commercial use. You may not modify, copy, distribute, transmit, display, perform, reproduce, publish, license, create derivative works from, transfer, or sell any information, software, products or services obtained from the Services. You agree not to use any part of the Site or Services or your knowledge of the Site or Services (or any information that you learn as a result of your use of the Site or Services) to create a service with competing functionality. You agree not to seek to interfere with the OptionNalytics’s business relationships in a manner that does, or would reasonably be likely to, cause damage to our business or reputation.
No Liability for Shared Content or Third Party Content
A portion of the Content contained on the Site may be supplied by third parties (“Third Party Content”), including, without limitation, information providers, advertisers, and other Users. OptionNalytics is a distributor (and not a publisher) of such Third Party Content. Except to the extent that OptionNalytics seeks to enforce its rights under any of the terms of this Agreement, OptionNalytics does not have editorial control over any Shared Content or Third Party Content. Any reliance you place on Shared Content or Third Party Content is therefore at your own risk. Any Shared Content, Third Party Content, including, without limitation, such Content in the nature of opinions, advice, statements, services, offers, or other information, expressed or made available on the Site or through the Services are those of the respective authors or distributors thereof, and not OptionNalytics. Neither OptionNalytics nor any third-party provider or distributor of information on or through the Site or Services guarantees, endorses, or is otherwise responsible or liable for the accuracy, completeness, timeliness, reliability, availability, or usefulness of any Content accessible through the Site or Services.
Ownership and Proprietary Rights
If in the course of providing technical support or other maintenance of the Services it becomes necessary for OptionNalytics to view your private Content, such viewing will be restricted to the very specific technical purpose. We may generate additional performance data from your Content for the purposes of (a) identifying and attending to deficiencies in the Service, or (ii) verifying that Service changes do not adversely affect your algorithm. We may share anonymized and/or aggregated algorithm performance statistics with third parties. Any usage of performance data will not be made when such usage of performance data would reveal the details of the underlying Content. Any permitted or anonymized use will be done with the spirit and intent of protecting your Content.
You may choose to share your Content on the Site and Services by posting it in public areas of the Site and Services. By so posting any of your Content in public areas of the Site and Services, you hereby grant to us and other Users a worldwide, sub-licensable, assignable, royalty-free, fully paid, perpetual, irrevocable right and license to use, reproduce, modify, translate, distribute, create derivative works of, perform, display, import, and otherwise exploit, without the requirement to make any payment to you or the need to seek any third party permission, such Content in any form, media, or technology, whether now known or hereafter devised or developed, and to allow others to do the same. You represent that (i) you have the right to provide the Content to OptionNalytics for purposes of your grant of the license you have granted to OptionNalytics and other Users in the preceding sentence of this paragraph, (ii) you have clearly identified any Content which you have not independently developed or created, for which you do not have the right to gran the licenses herein contained, and (iii) all Content is true, accurate, current and complete, including your Personal Information.
You understand and acknowledge that (i) the software, code, proprietary methods and systems used to provide the Site or Services, (ii) the design, look and feel of our template reports, (iii) the graphical elements of our template reports, (iv) the Content other than the Content submitted by you or on your behalf and (v) any intellectual property therein (collectively, “Our Intellectual Property”) may not be copied, modified, reproduced, republished, posted, transmitted, sold, offered for sale, or redistributed in any way without our prior written permission and the prior written permission of our applicable licensors (if applicable). You acknowledge and agree that Our Intellectual Property is the sole property of OptionNalytics and/or its licensors. You must abide by all copyright notices, information, or restrictions contained in or attached to any of Our Intellectual
Nothing in this Agreement grants you any right to receive delivery of a copy of Our Intellectual Property or to obtain access to Our Intellectual Property except as generally and ordinarily permitted through the Site according to this Agreement. Furthermore, nothing in this Agreement will be deemed to grant, by implication, estoppel or otherwise, a license to Our Intellectual Property. Certain of the names, logos, and other materials displayed on the Site or in the Services constitute trademarks, tradenames, service marks or logos (“Marks”) of OptionNalytics or other entities. You are not authorized to use any such Marks except to the extent such rights are expressly granted elsewhere. Ownership of all such Marks and the goodwill associated therewith remains with us or those other entities. Any use of third party software provided in connection with the Site or Services will be governed by such third parties’ licenses and not by this Agreement. The contents of all material available on the Site are copyrighted by OptionNalytics unless otherwise indicated or provide for herein. All rights are reserved by OptionNalytics and, except as permitted in any license grant, may not be reproduced, downloaded, disseminated, published, or transferred in any form or by any means, except with the prior written permission of OptionNalytics.
In the event that you provide us any ideas, thoughts, criticisms, suggested improvements or other feedback related to our Site or Services (collectively “Feedback”), you agree we may use the Feedback to modify our products and services and that you will not be due any compensation, including any royalty related to the product or service that incorporates your Feedback. You grant to us a worldwide, sub-licensable, assignable, royalty-free, fully paid, perpetual, irrevocable right and license to use, reproduce, modify, translate, distribute, create derivative works of, perform, display, import, sell, offer for sale, make, have made and otherwise exploit, without the requirement to make any payment to you or to any third party or the need to seek any third party permission, the Feedback in any form, media, or technology, whether now known or hereafter devised or developed, and to allow others to do the same. This is true whether you provide the Feedback in any Content submitted publicly or privately, email or any other method of communication with us unless we have entered into a separate agreement with you that provides otherwise.
Payments and Billing
The terms of your payment will be based on your Payment Method and may be determined by agreements between you and the financial institution, credit card issuer or other provider of your chosen Payment Method. If we, through the Payment Processor, do not receive payment from you, you agree to pay all amounts due on your Billing Account upon demand.
Some of the Paid Services may consist of an initial period, for which there is a one-time charge, followed by recurring period charges as agreed to by you. By choosing a recurring payment plan, you acknowledge that such Services have an initial and recurring payment feature and you accept responsibility for all recurring charges prior to cancellation. WE MAY SUBMIT PERIODIC CHARGES (E.G., MONTHLY, QUARTERLY) WITHOUT FURTHER AUTHORIZATION FROM YOU, UNTIL YOU PROVIDE PRIOR NOTICE (RECEIPT OF WHICH IS CONFIRMED BY US) THAT YOU HAVE TERMINATED THIS AUTHORIZATION OR WISH TO CHANGE YOUR PAYMENT METHOD. SUCH NOTICE WILL NOT AFFECT CHARGES SUBMITTED BEFORE WE REASONABLY COULD ACT.
Current Information Required. YOU MUST PROVIDE CURRENT, COMPLETE AND ACCURATE INFORMATION FOR YOUR BILLING ACCOUNT. YOU MUST PROMPTLY UPDATE ALL INFORMATION TO KEEP YOUR BILLING ACCOUNT CURRENT, COMPLETE AND ACCURATE (SUCH AS A CHANGE IN BILLING ADDRESS, CREDIT CARD NUMBER, OR CREDIT CARD EXPIRATION DATE), AND YOU MUST PROMPTLY NOTIFY US OR OUR PAYMENT PROCESSOR IF YOUR PAYMENT METHOD IS CANCELED (E.G., FOR LOSS OR THEFT) OR IF YOU BECOME AWARE OF A POTENTIAL BREACH OF SECURITY, SUCH AS THE UNAUTHORIZED DISCLOSURE OR USE OF YOUR USER NAME OR PASSWORD. CHANGES TO SUCH INFORMATION CAN BE MADE AT support@OptionNalytics.com. IF YOU FAIL TO PROVIDE ANY OF THE FOREGOING INFORMATION, YOU AGREE THAT WE MAY CONTINUE CHARGING YOU FOR ANY USE OF PAID SERVICES UNDER YOUR BILLING ACCOUNT UNLESS YOU HAVE TERMINATED YOUR PAID SERVICES AS SET FORTH ABOVE.
Change in Amount Authorized. If the amount to be charged to your Billing Account varies from the amount you preauthorized (other than due to the imposition or change in the amount of state sales taxes), you have the right to receive, and we shall provide, notice of the amount to be charged and the date of the charge before the scheduled date of the transaction. Any agreement you have with your payment provider will govern your use of your Payment Method. You agree that we may accumulate charges incurred and submit them as one or more aggregate charges during or at the end of each billing cycle.
Auto-Renewal for Subscription Services. Any Subscription Services you have signed up for will be automatically extended for successive renewal periods of the same duration as the subscription term originally selected, at the then-current non-promotional rate. To change or resign your Subscription Services at any time, go to the billing section of your Account profile. If you terminate a Subscription Service, you may use your subscription until the end of your then-current term; your subscription will not be renewed after your then-current term expires. However, you won’t be eligible for a prorated refund of any portion of the subscription fee paid for the then-current subscription period.
Reaffirmation of Authorization. Your non-termination or continued use of a Paid Service reaffirms that we are authorized to charge your Payment Method for that Paid Service. We may submit those charges for payment and you will be responsible for such charges. This does not waive our right to seek payment directly from you. Your charges may be payable in advance, in arrears, per usage, or as otherwise described when you initially selected to use the Paid Service.
Free Trials and Other Promotions. Any free trial or other promotion that provides access to a Paid Service must be used within the specified time of the trial. You must stop using a Paid Service before the end of the trial period in order to avoid being charged for that Paid Service. If you cancel prior to the end of the trial period and are inadvertently charged for a Paid Service, please contact us at support@OptionNalytics.com.
Future Functionality. You agree that your purchases are not contingent on the delivery of any future functionality or features, or dependent on any oral or written public comments made by us regarding future functionality or features.
Privacy and Security
Disclaimer of Warranties
THE SITE AND THE SERVICES, AND ANY CONTENT, TOOLS, PRODUCTS OR SERVICES DISPLAYED, ACCESSED OR OBTAINED ON OR THROUGH THE SITE AND SERVICES ARE PROVIDED “AS IS”, “AS AVAILABLE”, AND WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS, IMPLIED OR STATUTORY, INCLUDING, WITHOUT LIMITATION, WARRANTIES OF TITLE, NON-INFRINGEMENT, SYSTEM INTEGRATION, AVAILABILITY, INTEGRITY, RELIABILITY OR TRANSMISSION OR RESPONSE TIME, DATA ACCURACY, AVAILABILITY, COMPLETENESS, RELIABILITY OR TIMELINESS, SUITABILITY OF CONTENT OR SERVICES, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, OPTIONNALYTICS AND ITS SUPPLIERS, AND AGENTS DO NOT WARRANT AND EXPRESSLY DISCLAIM THAT: (i) YOUR USE OF THE SITES AND/OR SERVICES AND ACCESS TO AND USE OF ALL OF THE TOOLS AND FEATURES THEREON WILL BE UNINTERRUPTED, TIMELY, ERROR-FREE, OR SECURE, (ii) THAT ANY INFORMATION OBTAINED THEREIN IS ACCURATE, RELIABLE, COMPLETE OR TIMELY, (iii) THAT DEFECTS WILL BE CORRECTED, OR (iv) THAT ANY SOFTWARE, SERVICES, SITES OR SERVER(S) ON WHICH THE SERVICES AND SITES ARE HOSTED ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS. YOUR USE OF THE SITE AND THE SERVICES AND ANY CONTENT PROVIDED ON OR THROUGH THE SITES AND SERVICES ARE ENTIRELY AT YOUR OWN RISK, AND YOU SHALL BE SOLELY RESPONSIBLE FOR ANY DAMAGE TO YOUR PROPERTY OR PERSON, INCLUDING, BUT NOT LIMITED TO, YOUR COMPUTER SYSTEM AND ANY DEVICE YOU USE TO ACCESS THE BROKERAGE CONNECTION SERVICES, OR ANY OTHER LOSS THAT RESULTS FROM ACCESSING SUCH CONTENT.
From time to time, we may offer new “beta” features or tools with which Users may experiment. Such features or tools are offered solely for experimental purposes and without any warranty of any kind, and may be modified or discontinued at our sole discretion.
YOU ACKNOWLEDGE AND AGREE THAT WE ARE NOT LIABLE, AND YOU AGREE NOT TO SEEK TO HOLD US LIABLE, FOR THE CONDUCT OF THIRD PARTIES, INCLUDING OPERATORS OF OTHER SITES ACCESSIBLE THROUGH THE SITE OR SERVICES, AND THAT THE RISK OF INJURY FROM SUCH THIRD PARTIES RESTS ENTIRELY WITH YOU. WE MAKE NO WARRANTY THAT ANY GOODS OR SERVICES PROVIDED BY THIRD PARTIES IN CONNECTION WITH YOUR ACCESS AND USE OF THE SITE AND SERVICES WILL MEET YOUR REQUIREMENTS OR BE AVAILABLE ON AN UNINTERRUPTED, SECURE, OR ERROR-FREE BASIS. WE MAKE NO WARRANTY REGARDING THE QUALITY OF ANY SUCH GOODS OR SERVICES, OR THE ACCURACY, TIMELINESS, TRUTHFULNESS, COMPLETENESS OR RELIABILITY OF ANY USER CONTENT OBTAINED THROUGH THE SITE AND/OR THE SERVICES. YOU ARE SOLELY RESPONSIBLE FOR ALL OF YOUR CONTENT AND COMMUNICATIONS AND INTERACTIONS WITH OTHER USERS OF THE SITE AND SERVICES. YOU UNDERSTAND THAT WE DO NOT MAKE ANY ATTEMPT TO VERIFY ANY CONTENT POSTED ON THE SITE BY YOU OR ANY OTHER USERS. THE DISCLAIMERS SET FORTH ABOVE ARE FUNDAMENTAL ELEMENTS OF THE BASIS OF THE AGREEMENT BETWEEN YOU AND OPTIONNALYTICS.
Limitation of Liability
You acknowledge that the algorithmic and options trading business is inherently risky and that it is necessary and appropriate to limit liability and in consideration of such limitation to agree to the following limitations:
YOU ACKNOWLEDGE AND AGREE THAT WE ARE ONLY WILLING TO PROVIDE ACCESS TO THE SITE AND TO PROVIDE THE SERVICES IF YOU AGREE TO CERTAIN LIMITATIONS OF OUR LIABILITY TO YOU AND TO THIRD PARTIES. NEITHER OPTIONNALYTICS NOR ITS DIRECTORS, OFFICERS, EMPLOYEES, CONTRACTORS, AGENTS OR SPONSORS ARE RESPONSIBLE OR LIABLE TO YOU OR ANYONE ELSE FOR ANY LOSS OR INJURY OR ANY DIRECT, INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL, EXEMPLARY, PUNITIVE OR OTHER DAMAGES UNDER ANY CONTRACT, NEGLIGENCE, STRICT LIABILITY OR OTHER THEORY ARISING OUT OF OR RELATING IN ANY WAY TO (i) THE USE OF, DELAYS IN OPERATION, TRANSMISSION OR RESPONSE OF, OR INABILITY TO USE THE SITE OR THE SERVICES; (ii) ANY CONTENT CONTAINED ON THE SITES AND/OR THE SERVICES; (iii) STATEMENTS OR CONDUCT POSTED OR MADE PUBLICLY AVAILABLE ON THE SITES AND/OR THE SERVICES; (iv) ANY PRODUCT OR SERVICE PURCHASED OR OBTAINED THROUGH THE SITES; (v) ANY ACTION TAKEN IN RESPONSE TO OR AS A RESULT OF ANY INFORMATION AVAILABLE ON THE SITES OR THE SERVICES; (vi) ANY DAMAGE CAUSED BY MISTAKES, INACCURACIES, OMISSIONS, ERRORS, INTERRUPTIONS OR LOSS OF ACCESS TO, DELETION OF, FAILURE TO STORE, FAILURE TO BACK UP, OR ALTERATION OF ANY CONTENT ON THE SITES OR THE SERVICES, (vii) THE OPERATION OF ANY CONTENT, PERFORMANCE, OR RESULTS, (viii) ACCESS TO THE SITE, INCLUDING THE ABILITY TO INITIATE, PAUSE, HAULT, OR CANCEL ANY CONTENT IN PROGRESS, (ix) THE ACCURATE FUNCTIONING OF ANY CONTENT, LIMITS, SPREADS, EXECUTION, OR THE DATA UPON WHICH ANY SUCH FUNCTIONALITY MAY RELY, OR (x) ANY OTHER FAILURE OF PERFORMANCE OF THE SITE OR SERVICES OR OTHER MATTER RELATING TO THE SITE AND/OR THE SERVICES, IN EACH CASE WHETHER OR NOT CAUSED BY EVENTS BEYOND THE CONTROL OF OUR DIRECTORS, OFFICERS, EMPLOYEES, CONTRACTORS, AGENTS OR SPONSORS, INCLUDING, BUT NOT LIMITED TO, ACTS OF NATURE, COMMUNICATIONS LINE FAILURE, THEFT, DESTRUCTION, OR UNAUTHORIZED ACCESS TO THE SITE OR SERVICES OR CONTENT STORED THEREIN. IN NO EVENT SHALL OPTIONNALYTICS’S TOTAL LIABILITY TO YOU FOR ANY AND ALL DAMAGES, LOSSES, AND CAUSES OF ACTION (WHETHER IN CONTRACT, TORT, STATUTORY, OR OTHERWISE) EXCEED THE GREATER OF: (i) ONE HUNDRED DOLLARS ($100.00) OR (ii) THE TOTAL AMOUNT PAID OR PAYABLE BY YOU TO US, IF ANY, FOR USING ANY OF THE SERVICES OR THE SITE IN THE THREE (3) MONTHS PRIOR TO THE DATE ON WHICH YOU FIRST ASSERT A CLAIM. SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF CERTAIN WARRANTIES OR THE LIMITATION OR EXCLUSION OF CERTAIN TYPES OF LIABILITY. ACCORDINGLY, SOME OF THE ABOVE LIMITATIONS AND DISCLAIMERS MAY NOT APPLY TO YOU. TO THE EXTENT THAT WE MAY NOT, AS A MATTER OF APPLICABLE LAW, DISCLAIM ANY IMPLIED WARRANTY OR LIMIT LIABILITIES, THE SCOPE AND DURATION OF SUCH WARRANTY AND THE EXTENT OF OUR LIABILITY WILL BE THE MINIMUM PERMITTED UNDER SUCH APPLICABLE LAW.
You acknowledge and understand that the Services are not intended to supply investment, financial, tax or legal advice. The Services are merely a tool for the execution of your own investment strategies. The Services are not investment advice and any observations concerning any security, trading algorithm or investment strategy provided in the Services is not a recommendation to buy, sell or hold such investment or security or to make any other investment decisions. We offer no advice regarding the nature, potential value, risk or suitability of any particular investment strategy, trading algorithm, transaction, security or investment. You acknowledge and agree that any use of the Services, any decisions made in reliance on the Services, including any trading or investment decisions or strategies, are made at your own risk. If investment, trading or other professional advice is required, the services of a competent, licensed professional should be sought. No employee, agent or representative of OptionNalytics is authorized to provide any such advice of any nature whatsoever, and any such advice, if given, is in violation of OptionNalytics’s policies, is unauthorized and may not be relied upon.
Any order and/or execution trading services you may use in connection with the Services are provided by independent broker-dealers and not by us. In order to use the Services to enter orders for the purchase and sale of securities and/or to implement any investment strategy or trading algorithm, you must have an existing brokerage account with such a broker-dealer or establish one. We are not a broker-dealer and we are not affiliated with any broker-dealer, further, we do not endorse or recommend the services of any broker-dealer. We may offer connections to a limited number of broker-dealers solely because it is not possible to connect to every broker-dealer. The broker-dealer where you maintain an account is solely responsible for its services to you and you agree that we are not liable for any damages or costs of any type whatsoever connected with those services including, but not limited to, trading losses.
You are solely responsible for the accuracy of the Content you provide. While certain automated guidance and value generation has been made available in the Services to ease and expedite your entry of the parameters required, you, as User of the system, are solely responsible for ensuring the quality of all Service inputs. As such, you must carefully review all input parameters and modify their values in all ways necessary to ensure their accuracy and fidelity, and to optimize this inputs to suit your particular investment needs. OptionNalytics makes no representations or warranties regarding the accuracy of its default inputs.
Complex Trade Risk: This tool is capable of generating custom solutions of arbitrary complexity (arbitrary contract types, numbers of legs, and leg quantities). The trades generated by the Service may increase beyond what is practical to execute, due to broker execution limits and the difficulties in executing a complex trade in an all-or-none fashion. Moreover, once the trade is executed, the management of a complex trade becomes more difficult than is normally the case. Another factor is that you may not be authorized to execute all contract types found in the solutions generated.
OptionNalytics makes no representation that your Content can be executed and effectively monitored and managed in practice. It is entirely your responsibility to assess the appropriateness and practicality of the solutions generated by the optimizer. It is your responsibility to ensure the trade is executable and manageable, and appropriate for your needs. OptionNalytics assumes that your Content will be limited to the contract types which you are authorized to execute, and takes no responsibility for performance where such authority is exceeded.
You acknowledge that certain data used to provide the Services is provided by third party providers. The accuracy, timeliness, and completeness are not guaranteed, and OptionNalytics shall not have any liability for errors, delays, interruptions, omissions or malfunctions with respect to any such data. You may not use such data other than in connection with your use of the Services or disseminate such data in any way or amount that could compete with, substitute for or be a source of the data. Neither OptionNalytics nor our third party providers are responsible for any damages or losses arising from any use of this information.
You shall ensure that you have the right to disclose your Data, if any, that may be provided by you to OptionNalytics for the purpose of enabling OptionNalytics to perform its obligations under this Agreement. You grant OptionNalytics the right to use the Data solely on your behalf and solely for the purpose of providing the Services and performing its obligations under this Agreement. You shall be responsible for the accuracy, quality, and legality of your Data and of the means by which you acquired the Data, including ensuring that your Data does not infringe upon or violate the rights of any third party. You agree to defend, indemnify and hold OptionNalytics and its Affiliates and their officers, directors, and employees harmless from and against any and all claims, suits, actual damages, costs and expenses, including reasonable attorneys’ fees, brought against or suffered by such OptionNalytics indemnified parties arising out of any third party claim that you and/or your Affiliates (i) are not the owner or license of any Data or (ii) do not have the right, title, and/or interest to grant the license rights provided for herein and to submit and make available to OptionNalytics any Data for the purpose of allowing OptionNalytics to provide the Services.
You agree to indemnify, defend, and hold OptionNalytics and its subsidiaries, affiliates, officers, directors, agents, co-branders, sponsors, distributors, or other partners, employees, and representatives harmless from and against any and all claims, demands, actions, causes of action, damages, losses, costs or expenses (including reasonable attorneys’ fees and disbursements) which arise or relate, directly or indirectly, out of, from or to (i) your breach of this Agreement or violation of any applicable law or regulation, (ii) any allegation that any materials that you submit to OptionNalytics infringe or otherwise violate the copyright, trade secret, trademark or other intellectual property rights, or any other rights of a third party, (iii) access or use of the Site and/or the Services by you or anyone using your OptionNalytics account, or (iv) Content which you share with other Users , or (iv) claims by any third party against OptionNalytics which result from your use of the Site or Services. This Section shall survive in the event this Agreement is terminated for any reason.
Release From Liability
To the extent permitted under applicable laws, you hereby release OptionNalytics from any liability related to: (a) any incorrect or inaccurate Content posted on the Services, whether caused you, OptionNalytics, any User, or by any of the equipment or programming associated with or utilized in the Services; (b) the conduct, whether online or offline, of any User; (c) any loss or damage caused by Content posted on the Services or transmitted by and to Users, or any interactions between Users), whether online or offline; and (d) any error, omission, interruption, deletion, defect, delay in operation or transmission, communications line failure, theft or destruction or unauthorized access to, or alteration of User communications.
If you believe that your work has been copied in a way that constitutes copyright infringement, please provide the following information to us by email at email@example.com: (i) a description of the copyrighted work that you claim has been infringed; (ii) a description of where the material that you claim is infringing is located on the Site or Services; (iii) your address, telephone number, and email address; (iv) statement by you that you have a good faith belief that the disputed use is not authorized by the copyright owner, its agent, or the law; and (v) a statement by you, made under penalty of perjury, that the above information in your notice is accurate and that you are the copyright owner or authorized to act on the copyright owner’s behalf.
User Compliance To Local Laws
OptionNalytics makes no representation or warranty that the content and materials on the Site and/or the Services are appropriate or available or appropriate for use in your home country. Those who choose to access the Site or use the Services from other locations do so on their own initiative and at their own risk, and are responsible for compliance with local laws, if and to the extent applicable. OptionNalytics reserves the right, at any time in its sole discretion, to limit the availability and accessibility of the Site and/or the Services to any person, geographic area, or jurisdiction it so desires, and to limit the quantities of any such Service or products that it provides.
Arbitration and Related Agreements
You consent to receive communications from us in an electronic form and agree that all terms and conditions, agreements, notices, documents, disclosures, and other communications that we provide to you electronically satisfy any legal requirement that such Communications would satisfy if they were in writing. You may withdraw your consent to receive communications electronically only by contacting us at support@OptionNalytics.com. If you withdraw your consent, from that time forward, you must stop using the Site and Services. The withdrawal of your consent will not affect the legal validity and enforceability of any obligations or any electronic communications provided or business transacted between us prior to the time you withdraw your consent.
This Agreement constitutes the entire agreement and understanding between you and OptionNalytics and governs your use of the Site and the Services, superseding any prior agreements between you and OptionNalytics. This Agreement and the relationship between you and OptionNalytics shall be governed by and construed in accordance with the laws of Singapore, without regard to its conflict of law provisions. The failure of OptionNalytics to exercise or enforce any right or provision of this Agreement shall not constitute a waiver of such right or provision. If any provision of this Agreement is found by a court of competent jurisdiction to be unlawful, void or for any reason unenforceable, then that provision shall be deemed severed herefrom and shall not affect the validity and enforceability of any remaining provisions. The section titles in this Agreement are for convenience purposes only and have no legal or contractual effect. This Agreement is not assignable, transferable or sub-licensable by you except with our prior written consent. However, we may assign this Agreement to any third party whom we choose without your consent. No waiver by OptionNalytics of any breach or default hereunder shall be deemed a waiver of any preceding or subsequent breach or default. You acknowledge that we have the right hereunder to seek an injunction, if necessary, to stop or prevent a breach of your obligations hereunder. There are no third party beneficiaries to this Agreement.
Relationship of the Parties
This Agreement does not create a partnership, franchise, joint venture, agency, fiduciary or employment relationship between the parties.
Either party is excused from performance and shall not be liable for any delay in performance or availability, in whole or in part, of the Site or Services, caused by the occurrence of any contingency beyond the control of the parties including, but not limited to, (i) work stoppages, fires, hurricanes, civil disobedience, riots, rebellions, accident, explosion, flood, storm, Acts of God and similar occurrences, (ii) a substantial or complete shutdown of the trading markets or digital, informational or communications systems used to facilitate use of the Site or Services, and (iii) commercial disputes with vendors or contractors affecting of the ability to deliver the Site or Services.
Modification to Services
We reserve the right to modify or discontinue the Site and any or all of the Services with or without notice to you. We will not be liable to you or any third party should we exercise our right to modify or discontinue the Site and/or any or all of the Services. If you object to any such changes, your sole recourse will be to cease access to the Site and/or Services, as applicable. Continued access to the Site and/or Services, as applicable, following notice of any such changes will indicate your acknowledgment of such changes and satisfaction with the Site and/or Services, as applicable, as so modified. In the event we discontinue the Site and Services in full, you will no longer be required to pay any agreed subscription fees. In the event we discontinue any material portion of the Services to which you have subscribed, you may elect to discontinue the Services and terminate you obligation to pay subscription fees in the manner provided as a part of the Services. Any waiver, consent, modification or change of terms of this Agreement must appear in a posted update to the Agreement or in a writing signed by the party to be bound.
Amendments and Modifications of this Agreement
Additional Important Information And Disclaimers
Investments and trading involve risks, including possible loss of principal and other losses. The use of any trading system or strategy, including any system or strategy included as a sample in, or that is or was developed using, the software or any of the data, does not and cannot guarantee that you will make profits, increase profits or minimize losses. Any popular or other tools, strategies or systems included in the software are intended merely as examples of technical ideas that can be incorporated into a personally designed trading strategy or system. None is recommended. You must use your own judgment or consult a professional for advice on such matters.
Additionally, trading results based upon hypothetical or historically tested trading strategies or systems do not necessarily compare to results of actual trading. No hypothetical or historical trading record can account for the level of risk present in actual trading. Numerous factors relating to market conditions, the existence or nonexistence of specific events or circumstances, human error, human/emotional reaction to losses during actual trading, inherent limitations of certain hypothetical or historically tested models, particularly ones that do not operate at the “tick” (as opposed to open, high, low, close) level, volume of trade and liquidity differences between hypothetical models and actual trades, and other supply/demand differences that may not be addressed by hypothetical models, and other conditions and circumstances, can account for these differences. There is no guarantee that your hypothetical trading results, even if tested against historical data, will produce comparable actual trading results. In fact, there are frequently sharp differences between hypothetical or historically tested performance results and the actual results subsequently achieved by any particular trading system or strategy. The possible reasons for this include the likelihood that no trading strategy or system can, even with automated trading, be precisely executed as designed.
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YOU AGREE THAT WE WILL NOT BE LIABLE TO YOU OR ANY OTHER PARTY FOR ANY TERMINATION OF YOUR ACCESS TO THE SITE OR SERVICES OR DELETION OF YOUR ACCOUNT OR YOUR SUBMISSION MATERIALS. In the event of termination, however, those Sections in this Agreement which, by their nature, survive termination of the Agreement shall so survive. Further, the license you have granted to use any Shared Content above survives the termination of this Agreement.