TERMS OF SERVICE

INTRODUCTION

algoniti.tech is provided by ALGONITI, a web-based platform to create, and execute trading strategies. By using our Services, you are agreeing to these terms. Please read them carefully.

AGREEMENT / TERMS OF USE

The Terms of Use constitute a legally binding agreement between ALGONITI, also referred to as "us" or "we", and you (the user). The user is defined as the person who is using algoniti.com after creating an account on out website.

We may update or amend these Terms of Use from time to time on this page. Your use of our website constitutes your agreement to those updates or amendments. If you do not agree to the modified terms for a Service, you should discontinue your use of that Service.

This agreement requires the use of arbritation on an individual basis to resolve disputes, rather than jury trials or class actions, and also limits the remedies available to you in the event of a dispute.

Use of Services

We grant to you a non-exclusive and non-transferable limited right and license to access the website algoniti.com or the mobile application. The Services provided on this platform (steak.tech) is for your personal use only, provided that you agree with and comply with the provisions of this Agreement. Certain features might be available to you depending on the payment plan you choose.

No Recommendations or Investment Advice

You acknowledge and understand that we provides self-directed investors a platform (tools and infrastructure) which allows you to create and execute your strategies live in the market. We do not provide any trading strategies, or investment advice of any kind. You are solely responsible for evaluating the merits and risks associated with the use of any Content provided through the Service before making any decisions based on such Content. You agree not to hold ALGONITI or any Third-Party Provider liable for any possible claim for damages arising from any decision you make based on the Content or other information made available to you through the Service or any Third-Party Provider websites. Past performance data should not be construed as indicative of future results.

Accounts, Passwords and Security.

To use the algoniti.com platform you need to register by creating your account on the platform. We are eligible to know your current, complete and accurate personal identifiable information, including but not limited to, your real name, email address, and telephone number, as prompted by the registration form. You further agree to keep any registration information you provide to ALGONITI current, complete and accurate.

Please keep your account information safe and protected. If you realize that your account information has been leaked, or your account is being used by someone else, you agree to let us know immediately at ask@algoniti.com.

You are responsible for all activities and tasks performed by anyone through the user's account. We may hold you liable for any losses incurred by us or any other party due to someone else’s use of your account or password. ALGONITI 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.

Prohibited Activities

We use the term "Content" to mean entire or partial strategies, trading strategies, data transformations, data analysis and manipulation functions, tools, software, data, databases, text, messages, images, graphics, video files, audio files, ideas or any other information and materials. We use the term "Shared Content" to mean the Content (other than third party data) that we, you, or other Registered Users of algoniti.com post in publicly accessible areas of the Site and Services. Third party data is subject to the terms and conditions of the provider of such data. Other than as provided at the end of this Section in respect of Shared Content, you acknowledge and agree that you will NOT:

1. We use the term "Content" to mean entire or partial strategies, trading strategies, data transformations, data analysis and manipulation functions, tools, software, data, databases, text, messages, images, graphics, video files, audio files, ideas or any other information and materials. We use the term “Shared Content” to mean the Content (other than third party data) that we, you, or other Registered Users of algoniti.com post in publicly accessible areas of the Site and Services. Third party data is subject to the terms and conditions of the provider of such data. Other than as provided at the end of this Section in respect of Shared Content, you acknowledge and agree that you will NOT:
2. post or transmit any material that contains a malicious program (virus or any equivalent), or any other contaminating or destructive feature; post or transmit information protected under any law, agreement or fiduciary relationship, including but not limited to proprietary or confidential information of others; use any of the Site's or Service's communications features in a manner that adversely affects the availability of its resources to other users; post or transmit any unsolicited advertising, promotional materials, "junk mail", "spam," "chain letters," "pyramid schemes" or any other form of solicitation or any non-resumé information such as opinions or notices, commercial or otherwise; access or use the Site or Services to intentionally or unintentionally violate any applicable local, state, national or international law, including, but not limited to, regulations promulgated under any such law; upload or transmit any material that infringes, violates or misappropriate any patent, trademark, service mark, trade secret, copyright or other proprietary rights of any third party or violates a third party’s right of privacy or publicity; manipulate or otherwise display or obstruct portions of the Site and/or the Services by using framing or similar navigational technology; register, subscribe, attempt to register, attempt to subscribe, unsubscribe, or attempt to unsubscribe, any party for any ALGONITI product or Service if you are not expressly authorized by such party to do so;
3. use the Site and/or the Services for any purpose that is unlawful or prohibited by these terms and conditions; use the Site or the Services in any manner that could damage, disable, overburden or impair ALGONITI’s servers or networks, or interfere with any other user's use of the Site and/or the Services; attempt to gain unauthorized access to any of the Site, Services, accounts, computer systems or networks connected to ALGONITI through hacking, password mining, brute force or any other means; obtain or attempt to obtain any Content through any means not intentionally made available as Shared Content through the Site or the Services; or knowingly provide any Content that is false or inaccurate or will become false or inaccurate at any time.

Strategy Execution Disclaimer

The quality of the product's analysis and optimization depends on the user's inputs. After deployment, alerts have been made available in the product to ease and expedite your entry of the position, and you, as user of the system, are solely responsible for ensuring the quality of all its inputs. As such, you must carefully review all input parameters in all ways necessary to ensure their accuracy and fidelity. While there are other factors governing analysis and optimization accuracy, the quality of the product outputs depends on the accuracy of your inputs. 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. ALGONITI makes no representation that a solution generated by the Service can be executed and effectively monitored and managed in practice. It is entirely your responsibility to assess the appropriateness, suitability, 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.

Cancellation Policy

ALGONITI charges a monthly subscription fees for use of its services. Subscription fee once paid is non-refundable. The billing cycle is one month which we consider to be 30 days. You can contact us to cancel your subscription by writing to ask@algoniti.com. Once your subscription is cancelled you can use the software till the end of your current billing cycle.

Communications

By using the Service or the Content, you consent to any form of recording and retention of any communication, information and data exchanged between you and ALGONITI or its representatives or agents.

Force Majeure

ALGONITI shall not be responsible for delay or default in the performance of their obligations due to contingencies beyond their control, such as (including but not limited to) losses caused directly or indirectly by exchange or market rulings, suspension of trading, fire, flood, civil commotion, earthquake, war, strikes, failure of the systems, failure of the internet links or government/regulatory action.

Indemnification

You will indemnify and hold harmless ALGONITI and the Third Party Providers, and the officers, directors, agents, partners, employees, licensors, distributors, and representatives of ALGONITI and the Third Party Providers, from and against any and all claims, demands, actions, causes of action, suits, proceedings, losses, damages, costs, and expenses, including reasonable attorneys' fees, arising from or relating to your access and/or use of, or interaction with the Content (including, without limitation, Third Party Content), or any act, error, or omission of your use of your account or any user of your account, in connection therewith, including, but not limited to, matters relating to incorrect, incomplete, or misleading information; libel; invasion of privacy; infringement of a copyright, trade name, trademark, service mark, or other intellectual property; any defective product or any injury or damage to person or property caused by any products sold or otherwise distributed through or in connection with the Service; or violation of any applicable law. This Section shall survive in the event this Agreement is terminated for any reason.

Limitation of Liability

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 ALGONITI 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 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, or (vii) 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 ALGONITI's total liability to you for any and all damages, losses, and causes of action (whether in contract, tort, statutory, or otherwise) exceed one Rupee. 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.

Use of Internet

The client is aware and acknowledges that trading over the internet involves many uncertain factors and complex hardware, software, systems, communication lines, peripherals, etc., which are susceptible to interruptions and dislocations; and the strategy execution platform of algoniti.com may at any time be unavailable without further notice. During a period of high volume transactions, high network latency can be experienced. With the use of our Service you agree agrees that you shall not have any claim against ALGONITI on account of any suspension, interruption, non-availability or malfunctioning of the trading platform or systems for any reason whatsoever.

RISK DISCLOSURE STATEMENT

The risks that can arise from using ALGONITI’s Site and Services fall into three broad categories:

1. Risks inherent generally in using Internet-based technology;
2. Risks inherent in creating and executing trading strategies; and
3. Risks inherent in engaging in live strategy-based trading.

Any combination of the occurrence of the potential events that define the risks described in this disclosure statement can lead to a total or partial loss of operability, responsiveness, functionality, and features that could materially and adversely affect your use of algoniti.com

Risks of Using Internet-based Technology

ALGONITI platform is a software which requires tech infrastructure and services to frequently communicate with each other. The risks with using ALGONITI platform involve risks associated with any of the software pieces communicating with each other. It is your obligation to thoroughly and appropriately test any trading strategyrithm before you deploy it and to continually monitor the operation of any deployed trading strategyrithm to ensure it is running properly and in compliance with any applicable rules.

1. Algoniti.com's strategy platform might fail to work properly. This might be caused by unintended errors/bugs in the software.
2. Updating our services and platform features might cause the software to behave in an unexpected way, and cause some services to be modified.
3. The tech infrastructure stack ALGONITI uses to provide the users access to the trading platform might have temporary issues and fail to provide services. This includes, but is not limited to, third-party hardware and software infrastructure and services we use to provide service to ALGONITI's users.
4. Any of the components of your computer system and/or your Internet connectivity could fail entirely, function erratically, or function very slowly. The result of any of these occurrences could make it difficult or impossible for you to access ALGONITI platform.

Risks in Creating and Executing Strategies

Automating strategy execution is subject to risks. Automated strategies might fail to execute as intended, failing to achieve your intended results. Algorithmic trading is rapidly changing as a practice and as an industry. Models of markets used to write and test trading strategies are inherently limited and often fail to perform as expected. In addition, trading strategies are implemented in software programming code, and no matter how well designed and thoroughly tested, any such code can have logical errors and bugs that cause the strategies to malfunction or suggest trades that, if executed, would result in losses.

It is your obligation to thoroughly and appropriately test any trading algorithm before you deploy it and to continually monitor the operation of any deployed trading strategy to ensure it is running properly and in compliance with any applicable rules.

1. Your strategy may be designed on the basis of an incorrect understanding of technical indicators which may not work as expected.
2. Your strategy may contain logical errors in the way you understand the indicators and comparators.
3. Your strategy may contain logical errors in the way you understand the indicators and comparators.
4. Your strategy might appear to succeed in a backtesting environment using historical data, but fail when using live data.
5. Your strategy might appear to succeed with some data sources, but fail when using other data sources in our system.
6. Your strategy may not achieve the returns you anticipate. There are no guarantees, or even expectations, that can be made about the future behavior of an strategy.

Risks of Engaging in Live Algorithmic Trading and Related Strategies

ALGONITI allows you to engage in live trading. Engaging in live trading subjects you to (a) risks associated with trading generally, and (b) risks associated with live algorithmic trading. The occurrence of any of the events associated with these risks, alone or in combination with any of the other risks described in this disclosure statement, could result in financial losses.

Losses can happen more quickly when using algorithmic trading than while using other forms of trading. You should discuss with an investment professional the risks of trading in general and algorithmic trading in particular. You use any strategy in live trading at your own risk and it is your obligation to thoroughly and appropriately test any trading strategy before you deploy it and to continually monitor the operation of any deployed trading strategy to ensure it is running properly and in compliance with any applicable rules.

Algorithmic trading exposes you to a number of risks including, but not limited to, the following:

1. Unexpected market behavior

Market centers in which you seeking to implement your trading strategy may fail or behave incorrectly because of technical reasons relating to infrastructure, connectivity, and similar factors. Your algorithm might suffer from adverse market conditions. Those conditions can include lack of liquidity, and abrupt and unwarranted price swings. Also possible are late market openings, early market closings, market chaos, and mid-day trading pauses, and other such disruptive events.

2. Infrastructure and technical issues with your broker

Sometimes even after sending the appropriate signal from ALGONITI to the respective broker the order might remain unfulfilled. The orders may get rejected in error or by design, incorrectly execute orders, or induce errors through unexpected behavior (such as returning messages out of sequence, incorrectly acknowledging orders, or posting incorrect execution reports). If at all, any losses arise from these risks, ALGONITI bears no responsibility for this.

3. Time lag/high latency between multiple trading entities

Sometimes due to high volume or technical difficulties an overwhelmed system might be slow in communicating your orders from ALGONITI to broker; from broker to the market; or from and to any third party software responsible to complete your order flow.

Regardless of the reason for any failure by your broker, the market in which you seek to have trades executed, or these other third parties, we will not have any liability for any such failure. Accurate and complete real-time price data is critical for the success of algorithmic trading. The systems of these data providers could experience failures, errors, and latency, which could result in missing, incorrect, or stale market data.

PRIVACY POLICY

Welcome to our Privacy Policy.

Your privacy is critically important to us.

It is Algoniti's policy to respect your privacy regarding any information we may collect while operating our website. This Privacy Policy applies to https://www.algoniti.com (hereinafter, "us", "we", or "https://www.algoniti.com"). We respect your privacy and are committed to protecting personally identifiable information you may provide us through the Website. We have adopted this privacy policy ("Privacy Policy") to explain what information may be collected on our Website, how we use this information, and under what circumstances we may disclose the information to third parties. This Privacy Policy applies only to information we collect through the Website and does not apply to our collection of information from other sources.

This Privacy Policy, together with the Terms and conditions posted on our Website, set forth the general rules and policies governing your use of our Website. Depending on your activities when visiting our Website, you may be required to agree to additional terms and conditions.

• Website Visitors

Like most website operators, Algoniti collects non-personally-identifying information of the sort that web browsers and servers typically make available, such as the browser type, language preference, referring site, and the date and time of each visitor request. Algoniti's purpose in collecting non-personally identifying information is to better understand how Algoniti's visitors use its website. From time to time, Algoniti may release non-personally-identifying information in the aggregate, e.g., by publishing a report on trends in the usage of its website. Algoniti also collects potentially personally-identifying information like Internet Protocol (IP) addresses for logged in users and for users leaving comments on https://www.algoniti.com blog posts. Algoniti only discloses logged in user and commenter IP addresses under the same circumstances that it uses and discloses personally-identifying information as described below.

• Gathering of Personally-Identifying Information

Certain visitors to Algoniti's websites choose to interact with Algoniti in ways that require Algoniti to gather personally-identifying information. The amount and type of information that Algoniti gathers depends on the nature of the interaction. For example, we ask visitors who sign up for a blog at https://www.algoniti.com to provide a username and email address.

• Security

The security of your Personal Information is important to us, but remember that no method of transmission over the Internet, or method of electronic storage is 100% secure. While we strive to use commercially acceptable means to protect your Personal Information, we cannot guarantee its absolute security.

• Advertisements

Ads appearing on our website may be delivered to users by advertising partners, who may set cookies. These cookies allow the ad server to recognize your computer each time they send you an online advertisement to compile information about you or others who use your computer. This information allows ad networks to, among other things, deliver targeted advertisements that they believe will be of most interest to you. This Privacy Policy covers the use of cookies by Algoniti and does not cover the use of cookies by any advertisers.

• Links To External Sites

Our Service may contain links to external sites that are not operated by us. If you click on a third party link, you will be directed to that third party's site. We strongly advise you to review the Privacy Policy and terms and conditions of every site you visit. We have no control over, and assume no responsibility for the content, privacy policies or practices of any third party sites, products or services.

• Protection of Certain Personally-Identifying Information

Algoniti discloses potentially personally-identifying and personally-identifying information only to those of its employees, contractors and affiliated organizations that (i) need to know that information in order to process it on Algoniti's behalf or to provide services available at Algoniti's website, and (ii) that have agreed not to disclose it to others. Some of those employees, contractors and affiliated organizations may be located outside of your home country; by using Algoniti's website, you consent to the transfer of such information to them. Algoniti will not rent or sell potentially personally-identifying and personally-identifying information to anyone. Other than to its employees, contractors and affiliated organizations, as described above, Algoniti discloses potentially personally-identifying and personally-identifying information only in response to a subpoena, court order or other governmental request, or when Algoniti believes in good faith that disclosure is reasonably necessary to protect the property or rights of Algoniti, third parties or the public at large.
If you are a registered user of https://www.algoniti.com and have supplied your email address, Algoniti may occasionally send you an email to tell you about new features, solicit your feedback, or just keep you up to date with what's going on with Algoniti and our products. We primarily use our blog to communicate this type of information, so we expect to keep this type of email to a minimum. If you send us a request (for example via a support email or via one of our feedback mechanisms), we reserve the right to publish it in order to help us clarify or respond to your request or to help us support other users. Algoniti takes all measures reasonably necessary to protect against the unauthorized access, use, alteration or destruction of potentially personally-identifying and personally-identifying information.

• Aggregated Statistics

Algoniti may collect statistics about the behavior of visitors to its website. Algoniti may display this information publicly or provide it to others. However, Algoniti does not disclose your personally-identifying information.

• Cookies

To enrich and perfect your online experience, Algoniti uses "Cookies", similar technologies and services provided by others to display personalized content, appropriate advertising and store your preferences on your computer.
A cookie is a string of information that a website stores on a visitor's computer, and that the visitor's browser provides to the website each time the visitor returns. Algoniti uses cookies to help Algoniti identify and track visitors, their usage of https://www.algoniti.com, and their website access preferences. Algoniti visitors who do not wish to have cookies placed on their computers should set their browsers to refuse cookies before using Algoniti's websites, with the drawback that certain features of Algoniti's websites may not function properly without the aid of cookies.
By continuing to navigate our website without changing your cookie settings, you hereby acknowledge and agree to Algoniti's use of cookies.

Privacy Policy Changes

Although most changes are likely to be minor, Algoniti may change its Privacy Policy from time to time, and in Algoniti's sole discretion. Algoniti encourages visitors to frequently check this page for any changes to its Privacy Policy. Your continued use of this site after any change in this Privacy Policy will constitute your acceptance of such change.