Quantreex - Terms and Conditions

INTRODUCTION

By accessing this website, the User acknowledges and affirms that they have read, understood and accepted the following terms and conditions in full. Continuing to use the Quantreex website/platform is tacit acceptance of all the terms and conditions stated on this page.

ACCEPTANCE OF AGREEMENT

New features or tools which will be added to the current software/platform/website, in future, shall also be subject to these Terms and Conditions of Service. This page displays the most current version of the Terms of Service which the User may review at any time. Algoright Systems Sàrl reserves the right to update, change, or replace any or all parts of these Terms of Service by posting updates and/or changes to the website. The User undertakes as his or her responsibility to check the Terms and Conditions periodically for changes. Continued use of or access to the website by the user, following the posting of any changes, constitutes acceptance of those changes.

GENERAL CONDITIONS

By using Algoright Systems Sàrl services the User agrees and undertakes:

  • Not to reproduce, copy, download for distribution to others, any copyrighted materials provided on Quantreex or by the community.
  • Not to abuse the system by gaining access, attempting to gain access or hacking and penetrating the system in any way.
  • Not to download or upload materials which violate the patent, trademark, copyright or other intellectual property rights of third parties.
  • Not to attempt to reverse engineer, discover the source code or reproduce information or software obtained through use of the website or the service of Quantreex.

DISCLAIMER AGAINST PROVIDING INVESTMENT ADVICE

No information provided by our services or website should be interpreted as investment or advice as the owners and developers of Quantreex are not qualified or licensed financial or investment advisors, brokers, or fund managers. No content of backtest results, optimization results, or results produced by Artificial Intelligence (AI) or any third-party content on the platform/website should be interpreted as investment, legal, tax recommendations or advice. The content shared on the service and website are purely educational materials provided for the development of the user's investment strategy.

Quantreex and Algoright Systems Sàrl merely provides the ability to test ideas on historical data. The User acknowledges that past performance and test results on historic data do not guarantee future results or success. Quantreex and Algoright Systems Sàrl services execute trades as directed by the algorithm developed by the User. The User is solely responsible for accuracy and results of the algorithm developed by the User. The User assumes all financial risks and hazards inherent in trading or investing. The User agrees to hold Quantreex and Algoright Systems Sàrl free from responsibility and liability for losses incurred from trading.

INTELLECTUAL PROPERTY

Quantreex and Algoright Systems Sàrl exert their best effort to protect and maintain the safety of the user's intellectual property and commit that none of the user's codes will ever be distributed or used without permission. The User is the acknowledged owner of all the content submitted and created by the User using the platform of Quantreex and Algoright Systems Sàrl. All such content will remain private unless explicitly shared by the User. By sharing a post or algorithm, the User grants Algoright Systems Sàrl and other users of the platform a perpetual, royalty free license to modify, distribute, reproduce, and create derivative works from the user's uploaded content. By sharing content, the User confirms his or her right to do so. However, the User acknowledges that the strategy designer, reports, forum posts, and trademarks on the website/platform and service are all the property of Algoright Systems Sàrl and may not be copied, modified, reproduced or sold without their written permission.

Algoright Systems Sàrl undertakes not to open or view workspaces, produced codes without the permission of the User and only upon the user's request for help or technical assistance. On responding to a user's request for help or technical assistance, the technicians of Algoright Systems Sàrl will ask for permission to open the user's workspace(s) and/or its content.

LIVE TRADING RISKS

By using the Quantreex service and platform, the User confirms full understanding that algorithmic trading has numerous risks and Algoright Systems Sàrl shall not be held responsible for any risks or losses incurred by the User in engaging in algorithmic trading in any form.

The User understands that algorithmic trading risks include but are not limited to:

  • Design risks; data errors, incorrect assumptions, logical program errors and that perfectly designed investment strategies do not guarantee future trading results;
  • Poorly designed trading algorithms resulting in runaway strategies, numerous orders, run-time errors halting program operation, failure to trade when expected, termination of the algorithm;
  • Unexpected market conditions; poor fill prices, flash trading crashes and rapid losses, late exchange openings.
  • Loss of connectivity resulting in disconnections from broker, trades not being placed, not seeing the results of algorithm, orders failing to be placed.
  • Data issues; broken, dirty, delayed or intermittent data connections causing algorithm errors and data inaccuracies.
  • Execution issues; submission of orders, updates, and cancellations of trades which could be rejected or delayed; or trades disallowed by authorities without warning.
  • Malicious activities; criminal activities that cause failure of the trading algorithm, compromised or failure of brokerage account, leakage of personal information, or theft of funds or intellectual property.

The User acknowledges and understands that these events may cause the loss of all funds and holdings in their brokerage account. The User understands that in algorithmic trading losses can occur faster than in manual trading. Furthermore, the User confirms that they have consulted an investment professional to discuss these risks involved in algorithmic trading. The User undertakes to continually monitor the operation of a live trading algorithm to ensure its efficient and accurate performance. The User hereby agrees to hold Algoright Systems Sàrl free from all liability and responsibility for losses incurred by the User. The User understands and agrees that Algoright Systems Sàrl offers no guarantees or expectations on either the stability or performance of the user's trading algorithm.

PRIVACY

Algoright Systems Sàrl promises not to disclose or distribute the user's personal information to third parties but cookies are used to remember the user's login status and collect passive information to help Quantreex and Algoright Systems Sàrl to upgrade and improve the website/platform. The information gathered from the use of cookies includes but is not limited to the geographic location, name, and email address of the User.

On signing up to use the platform/service, the User agrees to receive occasional product updates and emails to better inform them of the service.

Registered users of quantreex.com who have supplied their email address agree to receive occasional emails informing the users about new features, soliciting feedback, or updating them with new products developed by Algoright Systems Sàrl. Algoright Systems Sàrl undertakes to use the website blog to communicate this type of information and promise to keep these types of email to a minimum.

When the User sends a request for support via email, chat or via feedback mechanism, the User agrees that Algoright Systems Sàrl reserves the right to publish it to help clarify or respond to the user's request especially when the issue will help support other users. Algoright Systems Sàrl undertakes to ensure that all reasonably necessary measures will be taken to protect the User against any unauthorized access, use, alteration, or destruction of information which can potential identify the User.

LIABILITY

Algoright Systems Sàrl undertakes to prevent any loss, theft or crash of the platform/website. However, in the event of a disruption of service, theft, or server crash, Algoright Systems Sàrl will not be held liable for lost intellectual property, data, back-test results or workspace losses, financial losses resulting from system/software failures. By using the platform/website, the User acknowledges and agrees to hold neither Algoright Systems Sàrl nor any of its teams, contractors, or agents liable for loss or injury from the use of the service, action taken from information provided on the platform or website, or errors or lack of access to the service.

The User agrees to indemnify Algoright Systems Sàrl and its officers, directors, agents, sponsors, employees, and representatives, and hold them harmless from and against any and all claims, damages, losses, costs or expenses (including attorneys' fees) which arise from the user's breach of these Terms and Conditions. The User also agrees to indemnify Algoright Systems Sàrl for the user's violations of all applicable laws or regulations, for any allegations of infringement of copyright, trade secret, trademark or other intellectual property rights, for any other violation of the rights of a third party inflicted and caused by information uploaded or submitted by the User to Algoright Systems Sàrl. The User undertakes to hold Algoright Systems Sàrl free from liability and to indemnify Algoright Systems Sàrl from all the illegal acts enumerated in the preceding sentences even when the information was uploaded or submitted by a third party who accessed or used the account of the User on the Quantreex platform/website with or without the knowledge or consent of the User.

Algoright Systems Sàrl is not responsible to ensure the accuracy, completeness or currentness of the information made available on Quantreex. The User acknowledges that the material available on Quantreex site is provided for general information only. The information provided is not necessarily current and is provided for reference, thus, it should not be relied upon or used by the User as the sole basis for making trading or investment decisions without consulting primary sources of information. The user's reliance on the material on the site is at the user's own risk.

Algoright Systems Sàrl is not obliged to update the information on the site but reserves the right to modify the contents of the site at any time. The User agrees to monitor any changes to our site. Algoright Systems Sàrl does not warrant that the quality of the products, services, information, or other material purchased, offered and/or obtained by the User will meet the user's expectations, or that any errors in the Service will be corrected. The User acknowledges and agrees that the platform/website provides access to such tools on an "as is" and "as available" basis without any warranties, representations, or conditions of any kind and without any endorsement.

Algoright Systems Sàrl will not be liable for any loss or injury arising from or relating to the user's use of optional third-party tools. We may also, in the future, offer new services and/or features through the website (including, the release of new tools and resources and these new features and services shall similarly be subject to these Terms of Service.

ERRORS, INACCURACIES AND OMISSIONS

The User acknowledges that occasionally there may be information on the platform/website or in the Service that contains typographical errors, inaccuracies, or omissions that may relate to product descriptions, pricing, and availability. Algoright Systems Sàrl reserves the right, at any time and without prior notice to the User, to correct any errors, inaccuracies or omissions, and to change or update information or cancel orders, on the platform/website if any information in the Service or on any related website is inaccurate. Algoright Systems Sàrl undertakes no obligation to update, amend or clarify information in the Service or on any related website, including without limitation, pricing information. No specified update or refresh date applied in the Service or on any related website, should be taken to indicate that all information in the Service or on any related website has been modified or updated.

DISPUTES

Any dispute arising between you and Algoright Systems Sàrl shall be brought to arbitration primarily and solely, instead of jury trials or class actions. The laws of Switzerland shall apply to any disputes arising from these Terms and Conditions of Service and the venue for all arbitration shall be in Geneva/Switzerland.