Quantopian Terms Of Use

Last revised: June 15, 2018.

INTRODUCTION

Welcome to Quantopian. Quantopian is both a web-based platform and a community. As a platform, it’s a place to write and test trading algorithms. As a community, it’s a place to meet other algorithm writers and to share algorithms, tools, ideas, strategies, and trading experiences. By sharing algorithms and other content, members of the Quantopian community can use, adapt, and learn from each other. Your access and use of Quantopian, including your use and adaptation of algorithms and other content shared by other members of the Quantopian community are subject to the Terms of Use set forth below.

We encourage you to share your algorithms and other Content (as defined below) you own, and we encourage you to use, adapt, and learn from others’ shared algorithms and other Content. You may, however, as a Member, decide to keep private some or all of the Content that you upload to, or write on, Quantopian, including algorithms that you write and test on Quantopian. If you choose to keep some or all of your Content private, we will respect that decision, subject to our Privacy Policy and these Terms of Use. You can access our Privacy Policy through the privacy policy link posted at the bottom of our home page https://www.quantopian.com or by going directly to https://www.quantopian.com/policies#privacy.

AGREEMENT

These Terms of Use constitute a legally binding agreement between Quantopian Inc. ("Quantopian", "us" or "we") and you (“you”), the individual listed in the account registration form the completion of which requires you to click the applicable “I Agree” box, and sets forth the terms and conditions that govern your use of Quantopian.com (the "Site") and/or any related services (the "Services") accessed through the Site.

We refer to these Terms of Use as the “Agreement.” We may update or amend these Terms of Use from time to time by posting such updates or amendments to the Site and/or by providing you with notification of such changes by email. Your use of the Site or any Services after we post any such updates or amendments will constitute your agreement to those updates and/or amendments.

THIS AGREEMENT REQUIRES THE USE OF ARBITRATION 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.

PLEASE CAREFULLY READ THESE TERMS OF USE BEFORE ACCESSING THE SITE OR USING ANY OF THE SERVICES. IF YOU DO NOT WISH TO BE BOUND BY THESE TERMS AND CONDITIONS OR IF YOU CANNOT REMAIN IN COMPLIANCE WITH SUCH TERMS AND CONDITIONS, YOU MAY NOT ACCESS THE SITE OR USE ANY OF THE SERVICES AND SHOULD IMMEDIATELY CEASE SUCH ACCESS AND USE.

1. Limited License; Use of Services.

Provided that you agree with and comply fully with the provisions of this Agreement, Quantopian grants to you a non-exclusive and non-transferable limited right and license to access the Site and use the Services only for the following purposes: (1) your personal use; (2) educational use at not-for-profit schools, colleges, and universities; and (3) to the extent Quantopian has otherwise expressly authorized in a separate written agreement, applicable to you, for internal business or other purposes. Any and all uses not expressly authorized above or elsewhere in this Agreement are prohibited; and to be clear, this Agreement does not allow you to use the Quantopian Site or Services to provide any content or services to a third party for commercial purposes. Certain features of the Site or Services are available only to users who register for a Quantopian account (“Members”).

You acknowledge and understand that we provide Content, tools and infrastructure designed to allow you to learn, create, test, and use your algorithms and algorithmic trading strategies. To be clear, to the extent Quantopian provides any Content or information containing algorithms or strategies, these are for educational purposes only and should not be regarded as a suggestion to engage in or refrain from any investment-related course of action. You can create your own algorithms or use algorithms made available on the Site as Shared Content (as defined below). Our responsibility for your algorithms or your use of algorithms provided as Shared Content is only as provided herein.

2. Accounts, Passwords and Security.

To become a Member, you must complete the registration process by providing Quantopian with current, complete and accurate personally identifiable information, including, without limitation, your real name and the email address through which we can correspond with you, as prompted by the applicable registration form. Additionally, you agree to provide Quantopian with current, complete and accurate information about your accounts maintained at other web sites, to the extent provided in response to the requests in our “add account” setup forms. You further agree to keep any registration information you provide to Quantopian current, complete and accurate. Please read our Privacy Policy, which is available at https://www.quantopian.com/policies#privacy, for more information about our information collection and use practices. Individuals under the age of 13 are not permitted to register for any account or use other interactive features of the Site. As part of the registration process, you are asked to select a username and password. You are entirely responsible for maintaining the security and confidentiality of your account information, including your username and password. FURTHERMORE, YOU ARE ENTIRELY 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 Quantopian or any other party due to someone else’s use of your account or password. You agree to notify Quantopian immediately upon your becoming aware of any unauthorized use of your account or any other breach of security involving your account. Quantopian 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.

3. Prohibited Activities.

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, lectures, messages, images, graphics, video files, audio files, ideas and other information and materials. We use the term “Shared Content” to mean the Content (other than third party data) that we, you, or other Members of Quantopian post in “Common Areas” which are areas accessible to all Members of the Site and Services, but do not include areas accessible only to you, such as your private algorithms and personal account pages, or areas where you allow only selected Members to access your Content. 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:

  • copy, modify, publish, transmit, distribute, transfer or sell, create derivative works of, or in any way exploit, any of the Content accessible through the Site not submitted or provided by you, including by use of any robot, spider, scraper, scripting, deep link or other similar automated data gathering or extraction tools, program, algorithm or methodology, unless you obtain Quantopian’s prior written consent;

  • use the Site or Services to advertise, market, sell, or otherwise promote any commercial enterprise that you own, are employed by or are otherwise compensated by, either directly or indirectly;

  • use any engine, software, tool, agent or other device or mechanism to navigate or search the Site, other than the search engines and agents available through the Service and other than generally available third party web browsers;

  • copy, reverse engineer, reverse assemble, otherwise attempt to discover the source code, distribute, transmit, display, perform, reproduce, publish, license, create derivative works from, transfer or sell any data, software, or other Content, information, products or services obtained through the Site or the Services;

  • access the Site or use the Services by any means other than through Quantopian-provided or approved interfaces;

  • post, upload, or transmit any Content that is unlawful, harmful, threatening, abusive, harassing, tortious, defamatory, vulgar, obscene, libelous, or otherwise objectionable or which may invade another's right of privacy or publicity;

  • post, upload, or transmit any data or other Content that contains a virus, worm, Trojan horse, or any other contaminating or destructive feature;

  • post, upload, or transmit data or other Content in violation of any law, rule, regulation, code, statute, ordinance, order of any court or other governmental authority, or any 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 Content or resources to other users;

  • post, upload, 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;

  • post, upload, or transmit any data or other Content that infringes, violates or misappropriates 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 Quantopian product or Service if you are not expressly authorized by such party to do so;

  • 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 Quantopian’s servers or networks, or interfere with any other user's use and enjoyment 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 Quantopian through hacking, password mining or any other means;

  • obtain or attempt to obtain any Content through any means not intentionally made available to you by Quantopian or as provided 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.

Notwithstanding the prohibition on any of the above activities, we want to foster a community where Members exchange and share Content that they have the right to make public. Accordingly, you are permitted to copy, modify, use, comment on and / or republish, both on and off the Site and Services, reasonable amounts of Shared Content posted by another Member or by Quantopian for the following purposes consistent with our mission to help people write, test and improve their algorithms: (1) your personal use; (2) educational use at not-for-profit schools, colleges, and universities; and (3) to the extent Quantopian has expressly authorized in a separate written agreement, applicable to you, for internal business or other purposes. If you do copy, modify, comment on or republish Shared Content posted by another Member or Quantopian, you must (a) attribute authorship of that Shared Content to such Member or Quantopian and (b) provide the link to the appropriate URL on the Site at which you accessed the Shared Content. All comments that you post to the Site should be respectful of others and in all cases subject to the restrictions and guidelines of good behavior outlined in this Section 3. To be clear, the license to copy, modify and / or republish any Content that you have not authored is limited to the Shared Content posted by another Member or by Quantopian for the above-stated purposes and use. You are not permitted, and are expressly prohibited from copying, modifying, and republishing the Content of Quantopian and its other Members except as expressly permitted above. Should a question arise in the future as to what does or does not constitute Shared Content, or how it may be used, you may contact us per the last bullet of Section 16 of this Agreement. We also reserve the right to provide public or individual notice about this issue and in any case Quantopian’s decision about Shared Content will control.

We reserve the right to cancel your account with us, without any notice to you as provided in Section 19, if we suspect any violation of any of the terms of this Agreement.

4. No Liability for Shared Content or Third Party Content.

A portion of the Content contained on the Site or Services not in the nature of Shared Content may be supplied by third parties (“Third Party Content”), including, without limitation, data providers, advertisers, and Members. Quantopian is a distributor (and not a publisher) of such Third Party Content. Except to the extent that Quantopian seeks to enforce its rights under any of the terms of this Agreement, Quantopian 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, data 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 Quantopian. Neither Quantopian nor any third-party provider or distributor of data 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. Quantopian may remove any Content, Shared Content, or Third Party Content suspected to be in violation of the terms of this Agreement.

5. Proprietary Rights.

You retain ownership of all Content you submit, post, display, or otherwise make available on the Site or Services.

As further described below, in using the Site and Services, you may choose to: (1) make your Content available to all Members as Shared Content; (2) make your Content available to selected Members as Collaborative Content; or (3) make your Content available only to you as Private Content. Quantopian will use reasonable best efforts to safeguard and use your Content as described in this Agreement and Privacy Policy.

If you choose to post, display or otherwise make your Content available in the Common Areas, such Content is considered Shared Content. By so posting any of your Content in Common Areas of the Site and Services, you hereby grant to Quantopian, users of the Site or any other Quantopian platform, and other Members a worldwide, sublicensable, assignable, royalty-free, fully paid, perpetual, irrevocable right and license to make, have made, use, reproduce, modify, translate, distribute, transmit, 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, but at all times, in accordance with Quantopian’s Privacy Policy. You represent that: (i) you have the necessary rights to grant Quantopian and other Members the license to use your Shared Content as described in the preceding sentence of this paragraph and (ii) all Shared Content is true, accurate, current and complete. The license you grant to Quantopian, as described in this paragraph, continues even if you stop using the Site and Services.

By contrast, when you choose to keep your Content private, we will use reasonable best efforts to keep your Content private. All Content that you do not post, display, or otherwise make available in Common Areas or share with any other selected Member(s) is treated as “Private Content,” unless expressly noted otherwise; this includes your account information, algorithms, datasets, and other Content that only you can access. Quantopian will not review, share, or otherwise make use of Private Content except as specifically provided in our Privacy Policy or this Agreement. With respect to this Agreement, Quantopian may access, reproduce, store, delete, review, share, or otherwise make use of Private Content in the following circumstances (including in source code or similar form):

  • If necessary in the course of providing technical support or other maintenance of the Site or Services; provided that, wherever possible, any access by Quantopian for technical support or maintenance purposes will be restricted to the very specific technical purpose relevant to such support or maintenance;

  • In order to comply with any applicable legal or regulatory requirements or order of any court order or governmental authority;

  • In the event that we consider, in our discretion, that such Content may present a security risk;

  • In the event that we consider, in our discretion, that such Content may constitute a violation of the Terms of Use, including an infringement or misappropriation of any third party right or other unauthorized use of Third Party Content; or

  • In the event that we consider, in our discretion, that such Content may be relevant to Quantopian’s defense in any legal proceeding.

Additionally, in accordance with Quantopian's efforts to support the creation of high-quality strategies in which to invest, we may review the results of your backtests and the performance and other "data exhaust" of your Content. Such performance information includes, but is not restricted to, returns and risk measurements of any backtest executed with the Content. We may generate additional performance data from your Content for the purposes of (a) verifying that software platform changes do not change or break your algorithm or (b) analyzing standardized performance results. You further agree that Quantopian may reproduce, store, and create derivative works from your Private Content or other Content necessary to evaluate your algorithm. Any testing, evaluation, reproduction or other use will be done with the spirit and intent of protecting your Content. We may also share anonymized and/or aggregated algorithm performance statistics with third parties. Any such external or third party usage of performance data will not be authorized to the extent such usage of performance data would reveal the details and workings of the underlying Content.

With regard to your Private Content, you grant Quantopian a worldwide, sublicensable, assignable, royalty-free, fully paid, perpetual, irrevocable license to use your Private Content as described in this Agreement, including as discussed in this section. Further, with respect to your Private Content, you represent that: (i) you have the necessary rights to grant Quantopian the license to use your Private Content as described in this Agreement; and (ii) the Private Content does not violate any of Quantopian’s Terms of Use. The limited license you grant to Quantopian regarding use of your Private Content continues even if you stop using the Site and Services.

To the extent you choose to post, display or otherwise make your Content available to any selected Member(s), but do not otherwise make such content available in Common Areas, such content is considered “Collaborative Content.” You hereby grant Quantopian a worldwide, sublicensable, assignable, royalty-free, fully paid, perpetual, irrevocable license to use your Collaborative Content for all uses applicable to your Private Content as well as any other uses (such as reproduction, display, and transmission) necessary to facilitate sharing of your Collaborative Content with the Members with whom you choose to collaborate. Further, you represent that: (i) you have the necessary rights to grant Quantopian the license to use your Collaborative Content as described in this Agreement; and (ii) the Collaborative Content does not violate any of Quantopian’s Terms of Use. The limited license you grant to Quantopian regarding use of your Collaborative Content continues even if you stop using the Site and Services.

Additionally, with regard to your Collaborative Content, you represent to Quantopian that: (i) you have the necessary rights to grant the other selected Member(s) with whom you choose to collaborate such access and use of your Collaborative Content as you may permit; and (ii) such access and use does not violate any of Quantopian’s Terms of Use. Other business or legal terms relevant to your collaboration, such as scope of use, licensing, ownership, or other relevant rights and obligations with respect to your Collaborative Content and derivatives, if any, are to be addressed between you and the Member(s) with whom you choose to collaborate, all subject Quantopian’s Terms of Use.

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 or Shared Content owned by you or other Members), and (v) any intellectual property therein (collectively, "Our Intellectual Property") may not be copied, modified, reproduced, republished, posted, or transmitted by you unless it is Shared Content; and no Content, including Shared Content owned by Quantopian, but excluding Content submitted by you or on your behalf may be sold, offered for sale, or redistributed by you in a commercial manner 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 Quantopian or its licensors. You must abide by all copyright notices, licensing terms, information, or restrictions, as amended, as applicable to any of Our Intellectual Property. 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 beyond the limited license granted under the terms of this Agreement. Certain of the names, logos, and other materials displayed on the Site or in the Services constitute trademarks, trade names, service marks or logos ("Marks") of Quantopian or other entities. You are not authorized to use any such Marks. 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.

6. Feedback.

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 the products and services of our affiliates) 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, sublicensable, assignable, royalty-free, fully paid, perpetual, irrevocable right and license to make, have made, use, reproduce, modify, translate, distribute, transmit, 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 written mutual agreement with you that provides otherwise.

7. Social Networks.

In using certain Services, you authorize us to act on your behalf to access and interact with social networking sites such as Facebook and Twitter (any such site, a "SN Site") to retrieve Content and information from, and/or submit information to, such SN Sites at your request. We will not collect your username and password for any such SN Site, and we will instead store the unique authorization code (or a “token”) provided to us by the SN Site to access it on your behalf. You can revoke our access to an SN Site at any time by amending the appropriate settings from within your account settings on that site and/or on our Site. You should note that an SN Site may change or amend its guidelines and our access to it at any time, and we cannot guarantee that our Services will always include a connection to such SN Site. Further, you may be able to edit your privacy settings for the Content that you post which appears on SN Site by making selections in your “Edit Profile” settings via the Site and Services. You represent and warrant that you will comply at all times with the relevant terms and conditions of any SN Site in using our Site and Services. You also agree to follow each SN Site’s code of conduct (where applicable) when interacting with content from and posting Content to such SN Site and to file an abuse report with the applicable SN Site for Content which violates the code of conduct or terms of use for that third party site.

8. Privacy and Security.

We are committed to your privacy and security. For more information, you should review our Privacy Policy at https://www.quantopian.com/policies#privacy. By agreeing to these Terms of Use, you acknowledge that you understand that "perfect security" cannot be attained on the Internet, and that you understand and agree that we only agree to take reasonable steps to help ensure the security of your personal information and that such steps do not guarantee that the Site and the Services are invulnerable to all security breaches or immune from viruses, security threats or other vulnerabilities. We do not warrant that your information will be secure.

9. Disclaimer of Warranties.

THE SITE AND THE SERVICES, AND ANY CONTENT, TOOLS, PRODUCTS OR SERVICES DISPLAYED, ACCESSED OR OBTAINED ON OR THROUGH THE SITES 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, QUANTOPIAN AND ITS AFFILIATES, 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 QUANTOPIAN SITE, SERVICES OR 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 Members 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. The provisions of this Section apply with full force to such features or tools.

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. OTHER THAN TO EVALUATE THE PERFORMANCE OF ALGORITHMS FOR COMPLIANCE WITH OUR CONTEST RULES AND POSSIBLE ALLOCATION TO YOU UNDER SEPARATE LICENSE, 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 BARGAIN BETWEEN US AND YOU.

10. Investment Disclaimer.

You acknowledge and understand that the Services are not intended to supply investment, financial, tax or legal advice. 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 Quantopian is authorized to provide any such advice pursuant to this Agreement, and any such advice, if given, is in violation of Quantopian's policies, is unauthorized and may not be relied upon.

11. Morningstar Fundamental Data and other Data Disclaimer.

Certain of the data contained in the Quantopian Site and Services: (1) is proprietary to Morningstar Inc. and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this data. Past performance is no guarantee of future results. Other third party data providers have similar limitations and their own terms and conditions of use. By using such data at the Quantopian Site or with the Services you are agreeing to be bound by their applicable terms and conditions.

12. Professional Advice Disclaimer.

Our Services are meant as an aid to assist you in organizing and managing your financial information. NEITHER QUANTOPIAN NOR THE SERVICE IS INTENDED TO PROVIDE LEGAL, TAX OR FINANCIAL ADVICE. QUANTOPIAN IS NOT A FINANCIAL PLANNER, BROKER OR TAX ADVISOR. Your financial situation is unique, and any information obtained through the Service may not be appropriate for your situation. 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.

13. 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 QUANTOPIAN 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 QUANTOPIAN'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.

14. Indemnification.

You agree to indemnify, defend, and hold Quantopian 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 or alleged breach of this Agreement; (ii) your violation or alleged violation of any applicable law, regulation, or order of a court or other governmental authority; (iii) any Content that you upload, post, or otherwise make available on Quantopian, including Content that is alleged to or does: (a) violate any fiduciary or confidentiality obligations to a third party or (b) infringe, misappropriate, or otherwise violate the copyright, trade secret, trademark or other intellectual property rights, privacy or publicity rights, or any other rights of a third party, or (iv) access or use of the Site and/or the Services by you or anyone using your Quantopian account. You agree to fully cooperate with Quantopian in the defense of any claim. Quantopian reserves the right to assume the exclusive defense and control of any matter subject to indemnification by you, and you will not in any event settle any claim without Quantopian’s prior written consent. This Section shall survive in the event this Agreement is terminated for any reason.

15. Release.

To the extent permitted under applicable laws, you hereby release Quantopian from any liability related to: (a) any incorrect or inaccurate Content posted on the Services, whether caused by any user of the Services (including, without limitation, any Member) 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 of the Services or any other Quantopian platform (including, without limitation, any Member); (c) any loss or damage caused by Content posted on the Services or transmitted by and to Members, or any interactions between users of the Site or any other Quantopian platform or website (including, without limitation, any Member), 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 or Member communications. If you are a California resident, you hereby waive California Civil Code Section 1542, which states: "A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which, if known by him must have materially affected his settlement with the debtor."

16. Copyright Violations.

If you believe that your work has been copied in a way that constitutes copyright infringement, please provide our copyright agent identified below the following information:

An electronic or physical signature of the person authorized to act on behalf of the owner of the copyright interest;

A description of the copyrighted work that you claim has been infringed;

A description of where the material that you claim is infringing is located on the Site or Services;

Your address, telephone number, and email address;

A 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

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.

Our copyright agent for notice of claims of copyright infringement on the Site or the Services can be reached by mail at: Copyright Agent, Quantopian, Inc., Attn: Copyright Agent, 100 Franklin St., 5th Floor, Boston MA 02110, or via email at [email protected]

17. Jurisdictional Issues.

Quantopian makes no representation or warranty that the Content and information on the Site and/or the Services are appropriate or available or appropriate for use in locations outside the United States. 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. Quantopian 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.

18. Arbitration Agreement And Jury Trial Waiver, Class Action Waiver, And Forum Selection Clause.

All controversies, disputes, demands, counts, claims, or causes of action between you and Quantopian arising out of, under, or related to these Terms of Use or our privacy practices (including any action we take or authorize with respect to information about or provided by you) shall be settled exclusively through binding arbitration.

Arbitration shall be subject to the Federal Arbitration Act and not any state arbitration law. The arbitration shall be conducted before one commercial arbitrator with substantial experience in resolving commercial contract disputes from the American Arbitration Association (“AAA”). As modified by these Terms of Use, and unless agreed upon by the parties in writing, the arbitration will be governed by the AAA’s Commercial Arbitration Rules and, if the arbitrator deems them applicable, the Supplementary Procedures for Consumer Related Disputes (collectively “Rules and Procedures”).

You are thus GIVING UP YOUR RIGHT TO GO TO COURT to assert or defend your rights under this contract EXCEPT for matters that may be taken to small claims court. Your rights will be determined by a NEUTRAL ARBITRATOR and NOT a judge or jury. You are entitled to a FAIR HEARING, BUT the arbitration procedures are SIMPLER AND MORE LIMITED THAN RULES APPLICABLE IN COURT. Arbitrator decisions are as enforceable as any court order and are subject to VERY LIMITED REVIEW BY A COURT.

You and Quantopian must abide by the following rules: (i) for any claim that could otherwise be brought in small claims court, the arbitration shall be conducted solely based on written submissions and, if the arbitrator deems it appropriate, a telephonic hearing; (ii) if the claim exceeds what can be recovered in a small claims court, the arbitration shall be conducted solely based on written submissions or a telephonic hearing, unless the arbitrator deems a face-to-face hearing is appropriate, in which case one should be held at a location agreed to by you and Quantopian, and if the parties cannot agree on a location for the hearing, the arbitrator will determine a location for the proceedings which is reasonably convenient to both parties with due consideration of their ability to travel and other pertinent circumstances; (iii) the arbitrator’s ruling is binding and not merely advisory; (iv) ANY CLAIMS BROUGHT BY YOU OR QUANTOPIAN MUST BE BROUGHT IN THE PARTIES’ INDIVIDUAL CAPACITY, AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS OR REPRESENTATIVE PROCEEDING; (v) THE ARBITRATOR MAY NOT CONSOLIDATE MORE THAN ONE PERSON’S CLAIMS, AND MAY NOT OTHERWISE PRESIDE OVER ANY FORM OF A REPRESENTATIVE OR CLASS PROCEEDING; (vi) in the event that you are able to demonstrate that the costs of arbitration will be prohibitive as compared to costs of litigation, Quantopian will pay as much of your filing and hearing fees in connection with the arbitration as the arbitrator deems necessary to prevent the arbitration from being cost-prohibitive as compared to the cost of litigation; (vii) Quantopian also reserves the right in its sole and exclusive discretion to assume responsibility for all of the costs of the arbitration; (viii) the arbitrator shall honor claims of privilege and privacy recognized at law; (ix) a decision by the arbitrator (including any finding of fact and/or conclusion of law) against either you or Quantopian shall be confidential unless otherwise required to be disclosed by law or by any administrative body and may not be collaterally used against either of them in existing or subsequent litigation or arbitration involving any other person/Quantopian customer; and (x) each side pays its own attorneys’ fees and expenses unless there is a statutory provision that requires the prevailing party to be paid its fees and litigation expenses.

Notwithstanding the foregoing, either you or Quantopian may bring an individual action in small claims court. In addition, if you are a Member outside of the United States, the dispute resolution provision in our Privacy Statement (if any), and not this arbitration provision, shall apply to any disputes related to privacy. Further, claims of defamation, violation of the Computer Fraud and Abuse Act, and infringement or misappropriation of the other party’s patent, copyright, trademark, or trade secret shall not be subject to this arbitration provision. Such claims shall be exclusively brought (unless such courts do not have personal jurisdiction in the dispute) in the courts located in New York, New York. Additionally, notwithstanding this arbitration provision, either party may seek emergency equitable relief before such courts in order to maintain the status quo pending the arbitrator’s ruling, and hereby agree to submit to the personal jurisdiction of such courts. A request for interim measures shall not be deemed a waiver of the right to arbitrate.

With the exception of subparts (iv) and (v) in the paragraph above (prohibiting arbitration on a class or collective basis), if any part of this arbitration provision is deemed to be invalid, unenforceable or illegal, or otherwise conflicts with the Rules and Procedures, then the balance of this arbitration provision shall remain in effect and shall be construed in accordance with its terms as if the invalid, unenforceable, illegal or conflicting provision were not contained herein. If, however, either subpart (c) or (d) is found to be invalid, unenforceable or illegal, then the entirety of this arbitration provision shall be null and void, and neither you nor Quantopian shall be entitled to arbitration. In the event this arbitration provision is held unenforceable by a court, or in the event AAA refuses to arbitrate the dispute, all controversies, disputes, demands, counts, claims, or causes of action between you and Quantopian shall be exclusively brought in the state or federal courts specified in subsection “(d)” above.

For more information on AAA, its Rules and Procedures, and how to file an arbitration claim, you may call AAA at 800-778-7879 or visit the AAA website at http://www.adr.org.

19. Termination.

This Agreement shall remain effective until terminated in accordance with its own terms and conditions. You agree that Quantopian, in its sole discretion, may terminate your password, account (in whole or in part), or use of the Site or Services, and remove and discard any Content within the Sites, at any time and for any reason. You agree that any actions taken under this Section may be effective without prior notice to you. 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 UPLOADED CONTENT. In the event of termination, however, those Sections in this Agreement which, by their nature, survive termination of the Agreement shall so survive. Specifically, and without limitation, the licenses you have granted to Quantopian and to third parties to use any Content, Shared, Collaborative, and/or Private, submitted by you or through your account, survives the termination of this Agreement. Your license, as described in this Agreement, to use any Content and/or Shared Content owned by Quantopian does not survive the termination of this Agreement.

20. General Information.

This Agreement constitutes the entire agreement and understanding between you and Quantopian and governs your use of the Site and the Services, superseding any prior agreements between you and Quantopian. This Agreement and the relationship between you and Quantopian shall be governed by and construed in accordance with the laws of the State of New York, without regard to its conflict of law provisions. The failure of Quantopian 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. However, we may assign this Agreement to any third party whom we choose without your consent and/or without notice to you. No waiver by Quantopian 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.

21. Electronic Communications.

You acknowledge and understand that (a) we can only give you the benefits of accessing the Site and using the Services by conducting business through the Internet, and therefore we need you to consent to our giving you Communications (defined below) electronically, and (b) this Section 21 informs you of your rights when receiving Communications from us electronically. For contractual purposes, you: (i) consent to receive communications from us in an electronic form and (ii) agree that all terms and conditions, agreements, notices, documents, disclosures, and other communications (“Communications”) that we provide to you electronically satisfy any legal requirement that such Communications would satisfy if they were in writing. Your consent to receive Communications and do business electronically, and our agreement to do so, applies to all of your interactions and transactions with us. The foregoing does not affect your non-waivable rights. You may also receive a copy of this Agreement. You may withdraw your consent to receive Communications electronically by contacting us in the manner described below. 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. Please keep us informed of any changes in your email or mailing address so that you continue to receive all Communications without interruption.

22. Modification to Services.

We reserve the right to modify or discontinue the Site and any or all of the Servicess, including the Content and Shared Content owned by Quantopian, 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 changess; agreement to amended license terms, as applicable; and satisfaction with the Site and/or Services, as applicable, as so modified.

23. Amendments and Modifications of this Agreement.

Quantopian may amend or modify this Agreement from time to time and at any time. If any such amendment or modification is material, we will post notice of it on the Site’s home page, community forum, and/or by email to Members. Your access of the Site and use of the Services following any such amendment or modification shall be deemed your acceptance of such amendment and modification. You agree to review the Agreement periodically to be aware of such amendments and modifications.

Privacy Policy

Last revised: June 15, 2018.

Quantopian is both a platform and a community. It's a place to write and test trading algorithms. It's a place to meet other algorithm writers, to share algorithms, ideas, strategies, and trading experiences. Quantopian, Inc. ("Quantopian", "we" or "us") is committed to protecting your privacy. We have prepared this Privacy Policy to describe to you our practices regarding the Personal Information (as defined below) we collect from users of our website, located at quantopian.com, ("Site") and related Services (as defined in the Terms of Use). If you simply browse the Site, you are referred to in this Privacy Policy as a "Visitor". If you have registered with the Site and receive Services, you are referred to in this Privacy Policy as a "Member". Capitalized terms not defined in this Privacy Policy have the meanings given in our Terms of Use located at https://www.quantopian.com/policies/terms.

1. User Consent

By submitting Personal Information through our Site or Services, you agree to the terms of this Privacy Policy and you expressly consent to the collection, use and disclosure of the Personal Information in accordance with this Privacy Policy.

2. A Note to Users Outside of the United States.

If you are a non U.S. user of the Site or Services, by visiting the Site and/or providing us with information, you acknowledge and agree that your Personal Information may be processed for the purposes identified in the Privacy Policy. In addition, your Personal Information may be transferred to and processed and stored in the country in which it was collected and in other countries, including the United States, where laws regarding processing of Personal Information may be less stringent than the laws in your country. Your information may be available to government authorities under lawful orders and law applicable in such jurisdictions. By providing your information, you consent to such transfer.

3. Children

Our Services and Site are not directed to children and children are not eligible to use our Services. Protecting the privacy of children is very important to us. We do not collect or maintain Personal Information from people we actually know are under 13 years of age without verifiable parental consent. If we later learn that a user is under 13 years of age, we will take steps to remove that user's Personal Information from our databases and to prevent the user from utilizing the Site and the Services.

4. Types of Information We Collect.

So that we are clear about the terminology we are using, when we refer to "Personal Information" we mean information that allows someone to identify or contact you, including, for example, your name, address, telephone number, e-mail address, as well as any other non-public information about you that is associated with or linked to any of the foregoing information. When we refer to "Anonymous Information" we mean information that is not associated with or linked to your Personal Information. Anonymous Information does not enable identification of or contact with individual persons.

  1. Information You Provide to Us.

    1. Visitors and Members
      • lf you provide us feedback or contact us via e-mail, we will collect your name and e-mail address, as well as any other content included in the e-mail, in order to send you a reply.
      • When you participate in one of our surveys, we may collect additional information.
      • We may also collect Personal Information on the Site or through the Services when we make clear that we are collecting it and you voluntarily provide it, for example when you submit an application for employment.
    2. Members Only
      • We may collect Personal Information from you, such as your first and last name, physical mailing address, phone, e-mail address, age, credit card number, ethnicity, gender, marital status, education level, interests, hobbies and password when you create an account on the Site ("Account").
      • ln order to receive certain Services, you may provide a credit card number or other payment card information. Quantopian uses Stripe, Inc. to process orders for such services that are made through the Site. Therefore, such information will also be governed by Stripe, Inc.'s privacy policy, which can be viewed at https://stripe.com/us/privacy.
      • ln order to provide our Services, you may also provide us with Content (as defined in the Terms of Use).
      • We retain information on your behalf and for compliance purposes, such information includes files and messages that you store using your Account and/or when you create a profile (your "Profile").
  2. Information Collected via Technology.

  • To make our Site and Services more useful to you, our servers (which may be hosted by a third party service provider) collect information from you, including your browser type, operating system, Internet Protocol (IP) address (a number that is automatically assigned to your computer when you use the Internet, which may vary from session to session), and domain name.

  • We also use cookies and URL information to gather information regarding the date and time of your visit, the website URL you were visiting immediately before you came to our Site and the website URL you visit as you leave our Site and the information for which you searched and which you viewed. "Cookies" are small pieces of information that a website sends to your computer’s web browser while you are viewing a website. We may use both session Cookies (which expire once you close your web browser) and persistent Cookies (which stay on your computer until you delete them) to provide you with a more personal and interactive experience on our Site. Persistent Cookies can be removed by following Internet browser help file directions; please note that certain aspects of the Site or Services may not be available if the Persistent Cookies are removed.

  • We may use third party service providers to help us analyze certain online activities. For example, these service providers may help us analyze visitor activity on the Site. We may permit these service providers to use cookies and other technologies to perform these services for us.

  • If you are logged into the Site or Services, the information collected via technology as described in this Section may be associated with your Personal Information and will, accordingly, be treated as Personal Information in accordance with this Privacy Policy.

  • We collect and store performance data generated by your algorithms when you use the platform to backtest, paper trade, and live trade.

  • We may generate additional performance data from your algorithms for the purposes of (a) verifying that software platform changes do not change or break your algorithm and/or (b) analyzing standardized performance results. </ol> </ol>

5. Our Relationship with Social Networking Sites

We have created and may offer you interfaces that allow you to connect with social networking websites such as Facebook ("SN Site") through our Site. We will work with the SN Site’s application protocol interface (better known as their developer API) in a way that allows you to authorize us to access your account on that SN Site on your behalf. In order to provide this authorization, you will not provide us with your user name or password to the SN Site, but you will need to log-in to that SN Site directly through our Site. Once authorized by you, the SN Site will provide us a token that allows the SN Site to recognize us when we ask, on your behalf, for access to your account information or to post information. You will be able to revoke our access to any SN Site at any time by amending the appropriate settings from within your account settings on the applicable SN Site, though such revocation may limit the Services we are able to provide you.

6. Use of Personal Information

  1. Your Personal Information.
    In general, Personal Information you submit to us regarding you or your company is used either to respond to requests that you make, or to aid us in serving you better. We use such Personal Information in the following ways:
    • to publish such Personal Information to Visitors, Members of the Site and Services, and visitors to other Quantopian sites and platforms, but only when you make such Personal Information available in Common Areas of the Site and Services
    • to facilitate communication with other Members of the Site and Services Services and other third parties that you designate to receive your Personal Information when you communicate with them through the Site and Services
    • to facilitate the creation of and secure your Account on our network;
    • to identify you as a user in our system;
    • to provide improved administration of our Site and Services;
    • to provide the Services you request;
    • to improve the quality of experience when you interact with our Site and Services;
    • to send you a welcome e-mail to verify ownership of the e-mail address provided when your Account was created;
    • to send you administrative e-mail notifications, such as security or support and maintenance advisories;
    • to respond to your inquiries related to employment opportunities or other requests;
    • to make telephone calls to you, from time to time, as a part of secondary fraud protection or to solicit your feedback;
    • to suggest contacting (or friending) other Members of the Site that you may know;
    • to send newsletters, surveys, offers, and other promotional materials related to our Services and for other purposes;
    • to contact you regarding opportunities to compensate you for your algorithm's performance;
    • to share anonymized and/or aggregated algorithm performance statistics with third parties, for example potential investors or for marketing purposes;
    • if you have opted in, to share with other organizations to help them contact you for marketing purposes;
    • to share with our affiliates as permitted by applicable law; and
    • to market products, services and events to you that we believe may be of interest, both on and off the Site.

Creation of Anonymous Information. We may create Anonymous Information records from Personal Information by excluding information (such as the name) that makes the information personally identifiable to the data subject. We use this Anonymous Information to analyze request and usage patterns so that we may enhance the content of our Services and improve Site navigation. Quantopian reserves the right to use Anonymous Information for any purpose and disclose Anonymous Information to third parties at its sole discretion.

7. Disclosure of Your Personal Information.

We disclose your Personal Information as described below and as described elsewhere in this Privacy Policy.

  1. Visitors and Members of the Site.
    As noted above in the How We Use Your Personal Information Section, we publish your Personal Information on the Site and Services on Common Areas of the Site and Services (and other Quantopian platforms and sites) and facilitate communication with other Members of the Site (and other third parties) as you direct us through the Services.

  2. Profile.
    Members have the opportunity to create a Profile on the Site and Services. Basic Profiles are available to all Visitors. Advanced profile features may permit the ability to make your advanced Profile available to all Visitors, to only Members or keep your Profile so it is not displayed to Visitors or Members.

  3. Third Party Service Providers.
    We may share your Personal Information with third party service providers to: provide you with the Services that we offer you through our Site; conduct quality assurance testing; facilitate creation of Accounts; process any payments; provide technical support; and/or provide other services to the Quantopian. These third party service providers are required not to use your Personal Information other than to provide the services requested by Quantopian. We may disclose certain Personal Information to third parties to whom you ask us to send Personal Information, including to other Members or Visitors with whom you are collaborating.

  4. Third Party Brokers.
    ln addition, some of our Services may enable you to use third party APIs to make securities trades. If you choose to do this, we will provide information to such APIs in accordance with your elections. You acknowledge and agree that you are solely responsible for your use of those websites and that it is your responsibility to review the terms of use and privacy policy of the third party provider of such APIs. We will not be responsible or liable for: (i) the availability or accuracy of such APIs; (ii) the content, products or services on or availability of such APIs; or (iii) your use of any such APIs.

  5. Affiliates and Acquisitions.
    We may share some or all of your Personal Information with our subsidiaries, joint ventures, or other companies under a common control ("Affiliates"), in which case we will require our Affiliates to honor this Privacy Policy. If another company acquires our company, business, or our assets (including in connection with a bankruptcy proceeding), that company will possess the Personal Information collected by us and will assume the rights and obligations regarding the Personal Information as described in this Privacy Policy. We may share some or all of your Personal Information in connection with or during negotiation of any merger, financing, acquisition or dissolution, transaction or proceeding involving sale, transfer, divestiture, or disclosure of all or a portion of our business or assets.

  6. Other Disclosures.
    Regardless of any choices you make regarding your Personal Information (as described below), Quantopian may disclose Personal Information if it believes in good faith that such disclosure is necessary (i) in connection with any legal investigation; (ii) to comply with relevant laws or to respond to subpoenas or warrants served on Quantopian; (iii) to protect or defend the rights or property of Quantopian or users of the Services; and/or (iv) to investigate or assist in preventing any violation or potential violation of the law, this Privacy Policy, or Terms of Use.

8. Third Party Websites.

When you click on a link to any other website or location, you will leave our Site and go to another site and another entity may collect Personal Information or Anonymous Information from you. We have no control over, do not review, and cannot be responsible for, these outside websites or their content. Please be aware that the terms of this Privacy Policy do not apply to these outside websites or content, or to any collection of information after you click on links to such outside websites.

9. Control of Your Personal Information —Marketing Choices, Access, Correction, and Deletion

  1. Marketing Choices.
    We will periodically send you free newsletters and e-mails that directly promote the use of our Site or Services. In some jurisdictions, such as the EU, we will only send you promotional materials with your express consent. When you receive newsletters or promotional communications from us, you may indicate a preference to stop receiving further communications from us and you will have the opportunity to "opt-out" by following the unsubscribe instructions: (i) provided in the e-mail you receive, (ii) on the Site or (iii) by contacting us directly (please see contact information below). Even if you opt-out of receiving marketing related email messages, we will continue to send you Service related communications, including notices related to your Account or any updates to our Terms of Use or Privacy Policy.

  2. Access and Correction.
    You have the right to access or change any of the Personal Information in your Account that you provide to us by editing your profile within your Account or by sending an e-mail to us at the e-mail address set forth below. If you wish to change the Personal Information we have received through an SN Site, you must change such Personal Information on the SN Site. After a short period of time, changes in your Personal Information made on the SN Site will appear on the Site and the Services.

  3. Deletion Rights. You may request deletion of your Personal Information by us, but please note that we may be required to keep this information and not delete it (or to keep this information for a certain time, in which case we will comply with your deletion request only after we have fulfilled such requirements). When we delete any information, it will be deleted from the active database, but may remain in our archives. We may retain your information for fraud investigation or similar purposes.

  4. Termination. If you choose to close your Account, your profile and other public Personal Information will be removed from the site. Some public activity, such as sharing of algorithms, will not be removed automatically and will only be removed at the discretion of Quantopian, as covered in the Terms of Use (Proprietary Rights and other sections).

10. Retention of Personal Information.

Personal information that we collect, access or process will be retained only as long as necessary for the fulfilment of the purposes for which it was collected, unless required or authorized by law or another legitimate interest of Quantopian. Personal Information that is no longer required to fulfill the identified purposes will be destroyed, erased or made de-identified.

11. Security of Your Personal Information.

Quantopian is committed to protecting the security of your Personal Information. We use a variety of industry-standard security technologies and procedures to help protect your Personal Information from unauthorized access, use, or disclosure. No method of transmission over the Internet, or method of electronic storage, is 100% secure, however. Therefore, while Quantopian uses reasonable efforts to protect your Personal Information, Quantopian cannot guarantee its absolute security. We also require you to enter a password to access your Account information. Please do not disclose your Account password to unauthorized people.

12. Your California Privacy Rights

If you are a California resident, you may contact us to request information about circumstances in which we share certain personal information with third parties for their own direct marketing purposes and allow third parties to collect such information. For make this request or questions, please contact us as indicated in the “Contact Information” section of this Policy.

13. Response to "Do Not Track" Signals

Some Internet browsers include the ability to transmit "Do Not Track" signals. Since uniform standards for "Do Not Track" signals have not yet been adopted, Quantopian does not process or respond to "Do Not Track" signals.

14. Right to Lodge Complaints

We are transparent about the ways in which we collect and use your Personal Information, and welcome your questions and concerns. If you have any concern or complaint about the way we handle your personal information, please contact us as described below.

To the extent you believe we have not addressed your concerns or otherwise choose to do so, you have the right to lodge a complaint with a supervisory authority in the country where you reside and/or the United States. You may contact the US Federal Trade Commission regarding your concerns. For more information, please see https://www.ftc.gov/faq/consumer-protection/submit-consumer-complaint-ftc. If you reside in the European Union, you can also get more information by contacting the EU Data Protection Supervisor, please see https://edps.europa.eu/data-protection/our-role-supervisor/complaints_en

15. Contact Information.

Quantopian welcomes your comments or questions regarding this Privacy Policy. Please e-mail us at [email protected] or contact us at the following address:

Quantopian
Attn: Member Support
100 Franklin St., 5th Floor
Boston MA 02110

16. Changes to This Privacy Policy.

This Privacy Policy is subject to occasional revision, and if we make any substantive changes in the way we use your Personal Information, we will notify you by sending you an e-mail to the last e-mail address you provided to us and/or by prominently posting notice of the changes on our Site. Further, if the changes are material, we will give you the opportunity to affirmatively consent to such changes. Any other changes to this Privacy Policy will be effective upon the earlier of thirty (30) calendar days following our dispatch of an e-mail notice to you or thirty (30) calendar days following our posting of notice of the changes on our Site. These changes will be effective immediately for new users of our Service. Please note that at all times you are responsible for updating your Personal Information to provide us with your most current e-mail address. In the event that the last e-mail address that you have provided us is not valid, or for any reason is not capable of delivering to you the notice described above, our dispatch of the e-mail containing such notice will nonetheless constitute effective notice of the changes described in the notice. In any event, changes to this Privacy Policy may affect our use of Personal Information that you provided us prior to our notification to you of the changes. Unless affirmative consent is requested, if you do not wish to permit changes in our use of your Personal Information, you must notify us prior to the effective date of the changes that you wish to deactivate your Account with us or that you desire a specific opt-out of disclosed uses in this Privacy Policy. Some opt-out requests may require Quantopian to deactivate your Account in its sole discretion. Continued use of our Site or Service, following notice of such changes shall indicate your acknowledgment of such changes and agreement to be bound by the terms and conditions of such changes.

Quantopian Security

The protection of our members' intellectual property is one of our core promises. Our success and the success of our members hinge on us keeping that promise. Our members have run millions of years worth of backtests and directed millions of dollars in assets through Quantopian live-trading algorithms, and we have never suffered a security breach which compromised their algorithms. We intend to keep it that way.

We always appreciate your input and feedback on our security practices. To report any possible security issues or other questions, please email us at [email protected]. Please see below for additional information about vulnerability reporting.

Our approach to security

Here's how we think about and maintain the security of our application.

Layers of security

There's no one trick that makes a web site secure, no wall one can erect that will completely keep out the bad guys. Effective security requires multiple layers of controls and precautions, so that even if one layer is compromised, overall security remains intact. For example, the environment in which we execute each trading algorithm is isolated from the rest of our application, and from all the other executing algorithms, in at least three different, independent ways. Even if there were a flaw in one of those isolation strategies which allowed it to be compromised, the others would remain intact.

Best practices

We employ many industry best practices to maintain our application's security. For example:

  • We are protected by CloudFlare, the industry leader in detecting and preventing DDoS and similar attacks.
  • We support two-factor authentication and strongly encourage members trading real money through Quantopian to use it.
  • Sensitive data in our databases are protected with strong encryption.
  • Member passwords are stored securely as salted, one-way hashes.
  • All application network traffic is encrypted in transit, including not only the traffic between your browser and Quantopian, but also all the data that travels between our internal application components.
  • We use the principles of separation of privileges and least privileges to minimize the potential impact of compromises.
  • We employ automated triggers to detect and block attempts to compromise our application.

Members of our team maintain their security expertise by subscribing to industry security periodicals and email lists and participating in various security forums.

Constant vigilance

Keeping our application secure is a continuous effort. Our ongoing security activities include:

  • We periodically engage external security-industry professionals to perform active white-hat penetration testing of our application, and to review our architecture and implementation in depth to look for potential security concerns.
  • We operate an active, private bug-bounty program on HackerOne, and we encourage independent security researchers who are not in our HackerOne program to report vulnerabilities (see below for additional information).
  • We subscribe to relevant security notices and alerts, and act quickly to secure our site from any newly announced vulnerabilities that might impact it.
  • Virtually every line of code added to our application is reviewed in depth by a developer other than its author.
  • We employ extensive, real-time, 24x7 monitoring of our application's performance and of anomalous application behavior.
  • We have engineers on-call 24x7 to respond to alerts about potential security issues.

Maximum transparency

We value transparency in all we do, and we think it is particularly important when it comes to security. We have been always been, and will continue to be, honest and forthcoming about the security of our application. When it comes to the security of your data, we don't expect you to take us at our word; we know we need to earn your trust.

Vulnerability disclosure

We appreciate help from our community in responsibly identifying security vulnerabilities in our application, and we reward responsible disclosure of substantive vulnerabilities. Researchers considering testing Quantopian or reporting vulnerabilities should first read our public HackerOne directory page. Issues may then be reported in private correspondence to [email protected].

Contributors

We are grateful to the following individuals for helping us to make Quantopian better by identifying and reporting issues to us.