Terms of Service

Last Updated: 13.12.2024

These Terms and Conditions (“Terms”) govern the use of the software application (“Application”) provided by Quanted Technologies Ltd. (“Owner” or “Quanted” or “we” or “us”), a company registered in England and Wales with its registered office at 71-75 Shelton Street, Covent Garden, London, UK, WC2H 9JQ, and any related services. By installing, accessing, or using the Application, you (“User” or “you”) acknowledge that you have read, understood, and agree to be bound by these Terms. If you do not agree, you must not use the Application.

1. Definitions

1.1 Application: The software application, including any reports, documentation, scripts, instructions, Docker images, pre-configured hardware, and related materials provided to the User by the Owner under these Terms.

1.2 Owner: Quanted Technologies Ltd., registered in United Kingdom, registration number 15760069, whose registered office is at 71-75 Shelton Street, Covent Garden, London, United Kingdom WC2H 9JQ.

1.3 User: Any person or entity who installs, accesses, or uses the Application.

1.4 Third-Party Provider: Any third-party vendor, data provider, or service provider identified by the Application as a potential source of datasets, data feeds, or related materials.

1.5 Report: Any output, including recommendations, data lists, performance comparisons, feature analyses, or other information generated by the Application.

2. Acceptance of Terms

2.1 By installing or using the Application, the User agrees to these Terms and any additional guidelines, policies, or terms referenced herein.

2.2 If you do not agree to these Terms, you must not install or use the Application.

3. The Application and Services

3.1 The Application assists quantitative analysts (“quants”) in identifying potentially relevant datasets and data vendors that may enhance their predictive financial models. The Application uses machine learning techniques, feature selection, and performance comparisons to recommend certain data features and corresponding vendors.

3.2 The Application operates by analysing the User’s proprietary historical model performance data (which is never shared with the Owner unless explicitly agreed otherwise) in combination with external data references stored on the Owner’s servers.

3.3 The Application provides a Report identifying data sources and suggested features, along with instructions for how to obtain and incorporate such data.

3.4 The User remains fully responsible for contacting, vetting, and contracting with any Third-Party Providers independently. The Owner is not a party to any such transactions.

4. Use of Docker Image or Pre-Configured Hardware

4.1 The Owner may provide the Application via a Docker image for the User to run on their own hardware or provide a pre-configured PC or server.

4.2 The User agrees to set up and use the provided environment strictly according to the Owner’s instructions.

4.3 The User is responsible for ensuring that their hardware, network, and security measures are sufficient and appropriate for the installation and operation of the Application.

5. Relationship with Third-Party Providers

5.1 The Application may reference or identify Third-Party Providers who offer datasets or services relevant to the User’s models. These references are provided for informational purposes only.

5.2 The Owner does not endorse, guarantee, or assume responsibility for any Third-Party Provider or the quality, accuracy, legality, or suitability of their data or services.

5.3 The User acknowledges that any engagement with Third-Party Providers, including the purchase or licensing of data, is governed solely by the terms and conditions of those providers, and the Owner bears no responsibility or liability for such relationships.

6. Intellectual Property Rights

6.1 Ownership of the Application: All intellectual property rights in the Application, including but not limited to the software code, internal models, analyses, trade names, trademarks, logos, documentation, and any related materials provided by the Owner, shall remain the exclusive property of the Owner or its licensors. The User acquires no ownership interest in the Application itself.

6.2 Ownership of Output: Notwithstanding the above, any reports, data outputs, analyses, insights, or other content generated by the Application exclusively from the User’s input data (“Output”) shall be owned solely by the User. The User is free to use, modify, or distribute such Output without restriction, subject to any obligations the User may have regarding the data used to generate it.

6.3 No Other Licenses: Except as expressly provided in these Terms, no license or other rights in any intellectual property or proprietary rights of the Owner are granted, whether by implication, estoppel, or otherwise.

6.4 The User may use the Application solely for its intended purpose and in accordance with these Terms.

6.5 The User shall not copy, modify, distribute, reverse engineer, decompile, or otherwise attempt to derive the source code of the Application.

7. Confidentiality and Data Privacy

7.1 The Application may process certain performance data provided by the User. Such data remains on the User’s infrastructure and is not transmitted to the Owner unless explicitly agreed otherwise.

7.2 The Owner may process limited personal data for account management, support, or licensing. Any personal data will be processed in accordance with our Privacy Policy, available at quanted.com/privacy.

7.3 The User is responsible for ensuring that they have all necessary rights and consents to provide and process any data through the Application.

7.4 During your use of our Application, Quanted may transmit your personal data to third parties, such as Google, to assist in providing the Application and services. By using Quanted, you explicitly authorise us to transfer your personal information to these companies and consent to their privacy and data use agreements, which are available at: https://policies.google.com/privacy/.

8. Disclaimers and No Financial Advice

8.1 The Application, including any features, Reports, or recommendations, is provided on an “as is” and “as available” basis, without any warranties of any kind, express or implied.

8.2 The Owner is not providing financial, investment, or trading advice. Any suggestions, reports, or recommendations are for informational purposes only. The User should seek independent professional advice before making any investment decisions.

8.3 Historical performance and any identified patterns or features are not guarantees of future results. The Owner makes no representation or warranty that any recommendations will lead to improved performance, profits, or any particular outcome.

8.4 The Owner does not warrant that the Application will be uninterrupted, error-free, secure, or free from viruses or other harmful components, or that it will meet the User’s specific requirements.

9. Limitation of Liability

9.1 All data provided by Quanted, including any information presented in the Reports, is sourced from various sources, including third-party providers and publicly available data. This data may not be entirely accurate, complete, or timely. Quanted makes no warranties or guarantees regarding the accuracy, completeness, or timeliness of the data or the information presented in the Reports.

9.2 To the maximum extent permitted by law, the Owner shall not be liable for any direct, indirect, incidental, consequential, special, or punitive damages, including but not limited to lost profits, lost data, business interruption, or any other commercial damages or losses arising out of or related to the use or inability to use the Application, even if advised of the possibility of such damages.

9.3 The Owner shall not be liable for the actions, omissions, or quality of any Third-Party Providers, nor for any contracts, transactions, or losses incurred by the User in relation to such Third-Party Providers.

9.4 In no event shall the Owner’s aggregate liability exceed the fees, if any, actually paid by the User to the Owner for the use of the Application in the twelve (12) months preceding the event giving rise to the claim.

10. Indemnification

The User agrees to defend, indemnify, and hold the Owner harmless from and against any claims, losses, damages, liabilities, costs, and expenses (including reasonable legal fees) arising out of or related to (a) the User’s use or misuse of the Application; (b) the User’s breach of these Terms; or (c) the User’s violation of any third-party rights, including intellectual property rights.

11. Modifications and Updates

11.1 The Owner reserves the right, in its sole discretion, to modify, update, or discontinue the Application or any portion thereof at any time without notice.

11.2 The Owner may amend these Terms from time to time. The updated Terms will be posted on the Owner’s website or provided with the Application. Continued use of the Application after the effective date of such amendments constitutes acceptance of the updated Terms.

12. Termination and Return of Hardware

12.1 The Owner may terminate these Terms and the User’s access to the Application at any time for any reason, including if the User breaches these Terms.

12.2 If the User wishes to cease using the Application, the User must irreversibly delete and destroy all copies of the Application and any related data from their systems and storage media in an unrecoverable manner.

12.3 If the User received pre-configured hardware from the Owner, the User must return this hardware to the Owner within fourteen (14) days of terminating use of the Application, in accordance with the return instructions provided by the Owner.

12.4 Upon termination, the User must also comply with any additional termination instructions provided by the Owner.

13. Force Majeure

The Owner will not be held responsible for failure or delay in the performance of any obligation under these Terms if such failure or delay is beyond our reasonable control.

14. Fees & Taxation

14.1 You agree to pay Quanted our fees in full without tax withholding of any kind. This includes, but not limited to, income tax withholding, value-added taxes, sales taxes, excise taxes, stamp taxes, import/export duty, or any such taxes levied on a digital subscription or data product.

14.2 If taxes are due on your Quanted subscription in any national, provincial, or local/municipal jurisdiction, you are solely responsible for paying these taxes to the taxing authorities.

14.3 All fees paid for the use of the Application are non-refundable.

16. Non-Compete

16.1 You understand, acknowledge, and agree that the Owner or its affiliates may have developed, be developing, or may develop or obtain, software, methods, processes, designs, systems, algorithms, trading strategies, or other ideas or technologies that are similar to or compete with yours (“Competing Technology”).

16.2 You will not, nor allow any third party to, alter, modify or adapt the Application or any related data, including but not limited to translating, reverse engineering, decompiling, disassembling, or creating derivative works, and may not take any other steps intended to produce a source code statement of the Application.

16.3 You agree you will not create a competing product or service for a period of 36 months after having terminated your use of the Application. You may not use the Application for the purpose of determining whether the Owner's software violates or potentially violates any patent or patent application.

18. User Definitions

18.1 The Application is intended for commercial use by Professional Users only.

18.2 A "Professional User", as defined by stock exchanges, refers to any individual or entity that uses market data in connection with any trade or business activities and not for personal investment purposes. This includes, but not limited to, registered or qualified professionals such as investment advisors or broker-dealers.

19. Governing Law and Jurisdiction

19.1 These Terms and any dispute or claim (including non-contractual disputes or claims) arising out of or in connection with them or their subject matter or formation shall be governed by and construed in accordance with the laws of England and Wales.

19.2 In the event of any controversy or claim arising out of or relating in any way to these Terms or the Application, the User and the Owner agree to consult and negotiate with each other and, recognising their mutual interests, try to reach a solution satisfactory to both parties. If the parties do not reach settlement within a period of 60 days, then either party may pursue other legal remedies as available under the law.

19.3 The courts of England and Wales shall have exclusive jurisdiction to settle any dispute or claim arising out of or in connection with these Terms or their subject matter or formation.

20. Miscellaneous

20.1 If any provision of these Terms is found to be invalid or unenforceable, that provision shall be enforced to the maximum extent permissible so as to effect the intent of these Terms, and the remainder shall continue in full force and effect.

20.2 Any failure by the Owner to enforce any provision of these Terms shall not constitute a waiver of that provision or any other provision.

20.3 These Terms constitute the entire agreement between the Owner and the User with respect to the Application and supersede all prior or contemporaneous communications and proposals, whether oral or written.

21. Contact Information

If you have any questions or concerns about these Terms, please contact the Owner at:

Quanted Technologies Ltd.

71-75 Shelton Street, Covent Garden, London, UK WC2H 9JQ

contact@quanted.com

Address

71-75 Shelton Street
Covent Garden, London
United Kingdom, WC2H 9JQ

Contact

UK: +44 735 607 5745

US: +1 (332) 334-9840

Legal

Quanted Technologies Ltd.

Address

71-75 Shelton Street
Covent Garden, London
United Kingdom, WC2H 9JQ

Contact

UK: +44 735 607 5745

US: +1 (332) 334-9840

Legal

Quanted Technologies Ltd.

Address

71-75 Shelton Street
Covent Garden, London
United Kingdom, WC2H 9JQ

Contact

UK: +44 735 607 5745

US: +1 (332) 334-9840

Legal

Quanted Technologies Ltd.