Introduction
Welcome to Cayø Largo, the advanced crypto-derivatives analytics, valuation and backtesting platform operated by Halcyon Waters. These Terms of Service govern your access to and use of our sophisticated analytics platform, including our web interface, API services, data products, and related tools designed for institutional-grade derivatives analysis.
Our platform provides comprehensive market data processing, options valuation models, Greeks calculations, backtesting capabilities, and trading intelligence tools for cryptocurrency derivatives markets. By accessing or using our services, you agree to be bound by these terms and our Privacy Policy.
Definitions
Platform refers to the Cayø Largo analytics system, including all web interfaces, APIs, databases, and related services.
Services encompass all products, tools, data, and functionality provided through the Platform.
Data includes market data, calculated metrics, analytics, and derived information provided through our Services.
User refers to any individual or entity accessing our Platform.
Subscriber refers to Users who have purchased paid access to our premium Services.
API Client refers to Users accessing our Services through application programming interfaces.
Account Registration and Access
Registration Requirements
To access our premium Services, you must create an account by providing accurate and complete information, including your name, email address, company affiliation, and intended use case. Institutional users may be required to provide additional verification information and undergo compliance review.
Account Security
You are responsible for maintaining the confidentiality of your account credentials and for all activities that occur under your account. You must immediately notify us of any unauthorized use of your account or any other breach of security.
Eligible Users
Our Services are designed for entry-level, intermediate, professional and institutional users engaged in legitimate financial analysis, research, or trading activities. Users must be at least 18 years of age and have the legal capacity to enter into this agreement.
Subscription Plans and Payment
Service Tiers
We offer multiple service tiers, including limited free access for evaluation purposes and premium subscriptions with enhanced capabilities. Premium subscriptions provide access to advanced analytics, higher API limits, comprehensive historical data, and priority support.
Payment Terms
Subscription fees are charged in advance on a monthly or annual basis, as selected during signup. All fees are non-refundable unless otherwise specified in writing. You authorize us to charge your designated payment method for all applicable fees and taxes.
Usage Limits
Each subscription tier includes specific usage limits for API requests, data queries, and concurrent access. Exceeding these limits may result in service throttling or additional charges as specified in your subscription agreement.
Fee Changes
We may modify subscription fees with 30 days advance notice to existing Subscribers. Changes will take effect at your next billing cycle, and continued use of the Services constitutes acceptance of the new fees.
Permitted Use and Restrictions
Authorized Activities
You may use our Services for legitimate financial analysis, derivatives research, backtesting, risk management, and related professional purposes. This includes accessing market data, utilizing our analytical tools, and integrating our APIs into your trading and research systems.
Prohibited Activities
You may not use our Services to engage in activities that violate laws or regulations, manipulate markets, facilitate unauthorized trading, or circumvent usage restrictions. Specifically prohibited activities include:
• Redistributing or reselling our Data without authorization
• Reverse engineering or attempting to replicate our proprietary algorithms
• Using automated systems to exceed usage limits or circumvent restrictions
• Accessing competitor systems or engaging in industrial espionage
• Violating market data licensing agreements or regulatory restrictions
• Interfering with Platform operations or attempting unauthorized access
Data Usage Compliance
Your use of market data through our Services is subject to the terms and restrictions of our data provider agreements. You agree to comply with all applicable market data policies and may be required to enter into additional agreements with data providers for certain uses.
API Usage Guidelines
API Clients must adhere to rate limits, authentication requirements, and technical specifications. You may not attempt to overwhelm our systems with excessive requests or use our APIs in ways that could impair service for other users.
Intellectual Property Rights
Our Intellectual Property
The Platform, including all software, algorithms, data processing methods, and analytical frameworks, is protected by intellectual property laws. We retain all rights, title, and interest in Halcyon Waters' proprietary technology, including Halcyon Waters' options pricing models, Greeks calculation methods, and backtesting engines.
Data Ownership
Market data provided through our Services originates from third-party exchanges and data providers. Halcyon Waters holds appropriate licenses for this data and grant you limited usage rights as specified in your subscription agreement. Derived analytics and processed data remain subject to Halcyon Waters' intellectual property rights.
User-Generated Content
Any configurations, custom analytics, or derived works you create using our Platform remain your property, subject to Halcyon Waters' underlying intellectual property rights in the Platform and Data.
Service Availability and Performance
System Availability
We strive to maintain high availability of our Services but do not guarantee uninterrupted access. Market data feeds, exchange connectivity, and cloud infrastructure may experience periodic interruptions that affect service delivery.
Performance Standards
We make commercially reasonable efforts to ensure accurate data processing and timely delivery of analytics. However, the complexity of derivatives markets and real-time data processing means that minor delays or discrepancies may occur.
Maintenance and Updates
We regularly update our Platform to improve functionality, add features, and maintain security. Scheduled maintenance will be announced in advance when possible, though emergency maintenance may occasionally be required without notice.
Data Accuracy and Disclaimers
Market Data Accuracy
Our Services process market data from exchanges and third-party providers. While we implement quality controls and validation procedures, we cannot guarantee the absolute accuracy or completeness of all data, particularly during periods of market stress or technical difficulties.
Analytical Results
Our options pricing models, Greeks calculations, and analytical tools are based on established financial theories and methodologies. However, these are mathematical models that may not perfectly reflect actual market conditions or trading outcomes.
Investment Disclaimer
Our Services provide analytical tools and information for research purposes. They do not constitute investment advice, trading recommendations, or financial guidance. All trading and investment decisions remain your sole responsibility.
Limitation of Liability
Scope of Limitations
To the maximum extent permitted by law, Cayø Largo's total liability for any claims arising from your use of our Services is limited to the fees paid by you in the three months preceding the claim. We shall not be liable for indirect, incidental, consequential, or punitive damages.
Service Interruptions
We are not liable for losses resulting from service interruptions, data feed delays, system maintenance, or technical failures beyond our reasonable control.
Third-Party Dependencies
Our Services rely on third-party data providers, cloud infrastructure, and market connectivity. We are not responsible for failures or issues originating from these external dependencies.
Termination
Termination by You
You may terminate your account and subscription at any time through your account settings or by contacting our support team. Termination will be effective at the end of your current billing period.
Termination by Us
We may terminate or suspend your access immediately if you breach these terms, engage in prohibited activities, or fail to pay applicable fees. We may also discontinue Services generally with reasonable advance notice.
Effect of Termination
Upon termination, your access to our Services will cease, and you must discontinue use of any Data or analytics obtained through our Platform. Provisions regarding intellectual property, disclaimers, and limitations of liability survive termination.
Compliance and Regulatory Matters
Regulatory Compliance
Users are responsible for ensuring their use of our Services complies with all applicable laws and regulations, including financial services regulations, data protection laws, and market conduct rules.
Export Controls
Our Services and underlying technology may be subject to export control regulations. You agree not to export, re-export, or transfer our Services or related technical data to prohibited destinations or individuals.
Anti-Money Laundering
We maintain policies and procedures to prevent money laundering and terrorist financing. We may require additional verification information and may restrict or terminate accounts that pose compliance risks.
Dispute Resolution and Governing Law
Governing Law
These Terms are governed by the laws of Delaware, United States, without regard to conflict of law principles.
Dispute Resolution
Any disputes arising from these Terms or your use of our Services shall be resolved through binding arbitration administered by the American Arbitration Association under its Commercial Arbitration Rules. The arbitration shall be conducted in Delaware, and the arbitrator's decision shall be final and binding.
Class Action Waiver
You agree that any arbitration or legal proceeding shall be conducted on an individual basis and not as part of a class action or collective proceeding.
General Provisions
Entire Agreement
These Terms, together with our Privacy Policy and any applicable subscription agreements, constitute the complete agreement between you and Cayø Largo regarding the use of our Services.
Modifications
We may modify these Terms from time to time by posting updated versions on our Platform. Continued use of our Services after such modifications constitutes acceptance of the revised Terms.
Severability
If any provision of these Terms is found to be unenforceable, the remainder of the Terms shall remain in full force and effect.
Assignment
You may not assign your rights or obligations under these Terms without our written consent. We may assign our rights and obligations to any successor entity or affiliate.
Force Majeure
We shall not be liable for delays or failures in performance resulting from circumstances beyond our reasonable control, including natural disasters, government actions, network failures, or interruptions in third-party services.
Contact Information
For questions about these Terms of Service, contact us at:
These Terms of Service are effective as of the date indicated above and supersede all previous versions.