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Updated Privacy Policy and Terms of Use
Dan Dunn
posted Jan 6, 2014

Hello everyone,

As we're growing our pilot trading program, we needed to update our Terms of Use to cover the brokerage connection service that we're offering. We took the opportunity to also review and update our existing Terms of Use and Privacy Policy. Click the links to see the new Privacy Policy and new Terms of Use. The new documents are effective immediately.

If you want to know what changed, you can look at the previous Terms of Use and previous Privacy policy. I'm outlining the major changes below, but what I think counts as a major change is subjective. My outline is meant to be a helpful guide, but it is only a guide, not the actual document. You should read the new documents and make your own decisions.

Overview of Changes to the Terms of Use

  • In the opening, it adds reference to the new Supplemental Terms of Use that governs the brokerage connection services
  • Adds reference to arbitration in the opening (arbitration Section 17 itself is unchanged)
  • It has a updated license in Section 1, noting in particular that we provide tools, not investment advice
  • In Section 3, make it explicit that using other members' public algos is permitted. This is not meant to be a change in policy, but a clarification of the policy as it's been implemented.
  • Strengthened disclaimer of liability in Section 9
  • Added time frame in limitation of liability Section 12
  • Modified and expanded section about policy amendments and subsequent notifications in Section 22

Overview of Privacy Policy Changes

  • Typos, spelling, and grammar fixed in several places
  • Revised note to users outside of the US
  • Added Section 3 about children
  • Changed definition of anonymous information in now-section-4
  • In now-section-7, changed profile feature descriptions (old version was simply incorrect)
  • In now-section-7, changed and specified terms for third-party APIs
  • In now-section-7, updated language to cover potential future business transactions
  • In now-section-9, added clause to specify control of personal information after account termination

Members of our pilot program (and future users of live trading) will also need to agree to a new, Supplemental Terms of Use. Everyone is governed by the Terms of Use. Live traders have an additional set of terms to agree to that is focused on the brokerage connection service. We've also created a Trading Risks document to help educate our customers about the risks of systematic investing and the risks of trading through Quantopian.

As always, we value your input. If there are changes here that you don't understand, or dislike, please let us know. We know these documents are a two-way commitment, and we want to be transparent and fair in our commitments to our customers.

Thanks,

Dan Dunn

Disclaimer

The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by Quantopian. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. No information contained herein should be regarded as a suggestion to engage in or refrain from any investment-related course of action as none of Quantopian nor any of its affiliates is undertaking to provide investment advice, act as an adviser to any plan or entity subject to the Employee Retirement Income Security Act of 1974, as amended, individual retirement account or individual retirement annuity, or give advice in a fiduciary capacity with respect to the materials presented herein. If you are an individual retirement or other investor, contact your financial advisor or other fiduciary unrelated to Quantopian about whether any given investment idea, strategy, product or service described herein may be appropriate for your circumstances. All investments involve risk, including loss of principal. Quantopian makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances.

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The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by Quantopian.

In addition, the material offers no opinion with respect to the suitability of any security or specific investment. No information contained herein should be regarded as a suggestion to engage in or refrain from any investment-related course of action as none of Quantopian nor any of its affiliates is undertaking to provide investment advice, act as an adviser to any plan or entity subject to the Employee Retirement Income Security Act of 1974, as amended, individual retirement account or individual retirement annuity, or give advice in a fiduciary capacity with respect to the materials presented herein. If you are an individual retirement or other investor, contact your financial advisor or other fiduciary unrelated to Quantopian about whether any given investment idea, strategy, product or service described herein may be appropriate for your circumstances. All investments involve risk, including loss of principal. Quantopian makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances.