Terms of Service

1. Acceptance

These Terms of Service (“Terms”) form a binding agreement between you, or the entity you represent (“you”), and Warren Davis Data Systems (“Warren”, “we”, “us”). By creating an account or using the Warren terminal, applications or APIs (the “Service”), you accept these Terms and our Privacy Policy. If you are accepting on behalf of an entity, you represent that you are authorised to bind it.

The Service is intended for professional and institutional users. You must be at least 18 years old to use it.

2. What the Service is — and is not

Warren is an information and analysis tool. It aggregates market data, public filings and analytics, and presents them alongside an AI assistant that answers questions about them.

• Warren is not a broker-dealer, investment adviser, exchange, alternative trading system or custodian, and is not registered as any of these.
• Nothing in the Service is investment advice or a recommendation, solicitation or offer to buy or sell any security or instrument.
• Warren does not execute trades and does not hold your assets. Any order you place is submitted to and executed by your own brokerage, under your own agreement with that brokerage.
• You are solely responsible for your investment decisions and their outcomes.

3. Accounts and security

You must provide accurate registration information and keep it current. You are responsible for all activity under your account and for keeping your credentials confidential. Accounts are issued per named individual and may not be shared. Notify us immediately at security@warrendavisdata.com if you suspect unauthorised access.

4. Brokerage connectivity

Connecting a brokerage is optional. Connections are established through SnapTrade, a third-party aggregator, and are subject to SnapTrade’s terms and to your brokerage’s terms in addition to these.

• You authenticate directly with your brokerage. Warren does not receive or store your brokerage credentials.
• No order is ever submitted without your explicit confirmation. Warren generates a preview showing the exact order; submission requires a confirmation token cryptographically bound to that preview, which expires. An edited or stale ticket cannot be submitted.
• Where you configure an automated trading agent, you are the author and owner of that agent, you set its risk limits, and you are responsible for every order it generates. Agents are disabled by default and must be armed by you. Warren enforces your stated limits but does not review, endorse or validate your strategy.
• We are not responsible for brokerage outages, rejected or delayed orders, execution quality, slippage, margin calls or any loss arising from trading.

5. Market data

Market data is obtained from third-party sources including exchange and regulatory feeds. It is provided “as is” and for informational purposes only.

• Options quotes are exchange-delayed and are labelled as such throughout the Service. Do not treat them as real-time.
• Equity, index, futures, FX and digital-asset quotes may be delayed or intermittently unavailable. Each figure displays its source and the time it was retrieved; you should rely on that timestamp.
• We do not warrant that data is accurate, complete, timely or uninterrupted, and we are not liable for errors originating upstream.
• Redistribution is restricted. Some sources permit display use only. The Service labels the licence applicable to each source, and you must not redistribute data in breach of it.

6. AI assistant

The assistant is constrained to answer from data it retrieves through the Service’s own tools rather than from model memory, and it cites the source and timestamp for figures it reports. Even so:

• Output may be incomplete or wrong. Verify anything you act on against the cited source before relying on it.
• Assistant output is not investment advice and is not a recommendation.
• Your questions and the retrieved data are processed by a third-party model provider as described in the Privacy Policy.
• Do not submit material non-public information, personal data about third parties, or credentials to the assistant.

7. Acceptable use

You must not:

• Use the Service for market manipulation, insider dealing or any unlawful purpose.
• Scrape, resell or redistribute market data in breach of the licence shown for its source.
• Share, resell or sublicense your account or access credentials.
• Attempt to circumvent rate limits, access controls, entitlement checks or the order-confirmation mechanism.
• Reverse engineer the Service except to the extent that restriction is unenforceable by law.
• Upload malware, or interfere with the integrity or performance of the Service.

8. Fees and term

Paid access is licensed per named seat under the order form or plan you accept. Fees are stated there and are payable in advance.

8.1 Thirty-day money-back guarantee

If you tell us within 30 days of your first payment that Warren is not right for your desk, we refund that payment in full. We will not ask you to justify the decision, will not require a call to “save” the account, and will not prorate against usage. One email is enough, and the first period is returned in its entirety.

• The window runs 30 calendar days from the date of your first payment, not from the date access was provisioned.
• Request it by writing to billing@warrendavisdata.com from the email on the account. No form, no retention call. We issue the refund to the original payment method within 5 business days.
• Access ends when the refund is issued. You may export your content first, and we will keep it available for 30 days afterwards.
• The guarantee covers a firm’s first subscription. Renewals and seats added later are outside it, as is an account terminated for breach of these Terms.

After the guarantee window, fees are non-refundable except where required by law. We may change pricing on renewal with at least 30 days’ notice. You may cancel effective at the end of the current term. We may suspend access for non-payment after notice and a reasonable cure period.

9. Intellectual property and your content

We retain all rights in the Service, its software and its interfaces. You retain all rights in your content — your watchlists, alerts, briefings, agent definitions and the data retrieved from your brokerage. You grant us only the licence needed to operate the Service for you.

Trading agents you create are your property and are exportable in a portable format at any time.

9.1 Open-source components

The Service includes open-source software, some of it licensed under the GNU Affero General Public License v3.0. Where the AGPL applies, we make the corresponding source of the running instance available as that licence requires; see the attribution notice distributed with the Service. Open-source components are governed by their own licences, which prevail over these Terms to the extent of any conflict.

10. Disclaimer of warranties

The Service and all data are provided “as is” and “as available”, without warranty of any kind, express or implied, including merchantability, fitness for a particular purpose, accuracy and non-infringement. We do not warrant that the Service will be uninterrupted, timely, secure or error-free, or that data will be accurate or complete.

11. Limitation of liability

To the maximum extent permitted by law, neither party is liable for indirect, incidental, special, consequential or punitive damages, or for lost profits, lost trading opportunities, trading losses, or loss of data or goodwill, however caused.

Our total aggregate liability arising out of or relating to these Terms is limited to the fees you paid us in the twelve months preceding the event giving rise to the claim.

Nothing here excludes liability that cannot lawfully be excluded, including for fraud, wilful misconduct, or death or personal injury caused by negligence.

12. Indemnity

You will indemnify and hold us harmless from claims, damages and reasonable legal costs arising from your use of the Service in breach of these Terms or applicable law, from your trading activity, or from any automated agent you author and arm.

13. Suspension and termination

You may close your account at any time. We may suspend or terminate access for material breach of these Terms, for non-payment, or where required by law — with notice where practicable. On termination your right to use the Service ends; you may export your content for 30 days, after which we delete it as described in the Privacy Policy.

14. General

• Changes. We may update these Terms and will post the revised version here with a new date. Material changes take effect 30 days after notice, or on your next renewal, whichever is earlier.
• Governing law and venue. These Terms are governed by the laws of the State of Delaware, United States, excluding its conflict-of-laws rules. The state and federal courts located in Delaware have exclusive jurisdiction, and each party consents to that venue.
• Force majeure. Neither party is liable for delay or failure caused by events beyond its reasonable control, including exchange, brokerage or upstream data-provider outages.
• Severability. If a provision is held unenforceable, the rest remains in effect.
• Entire agreement. These Terms, the Privacy Policy and any order form are the entire agreement between us on this subject.
• Assignment. You may not assign these Terms without our written consent. We may assign them in connection with a merger, acquisition or sale of assets.

15. Contact

Warren Davis Data Systems · legal@warrendavisdata.com
Security disclosures: security@warrendavisdata.com
Privacy requests: privacy@warrendavisdata.com