Terms of Use

Tora Trading Services Limited

Terms of Use

Effective January 1, 2008

PLEASE READ THE FOLLOWING TERMS OF USE (“TERMS”). THESE TERMS GOVERN YOUR USE OF THE TORA TRADING SERVICES LIMITED WEBSITE AT WWW.TORATRADING.COM (THE “WEBSITE”), WHICH IS OWNED AND OPERATED BY TORA TRADING SERVICES LIMITED (“TORA,” “OUR,” “WE” OR “US”). BY ACCESSING THIS WEBSITE, YOU ACKNOWLEDGE THAT YOU HAVE READ, UNDERSTAND AND AGREE TO THESE TERMS. IF YOU DO NOT AGREE TO THESE TERMS, PLEASE DO NOT ACCESS THIS WEBSITE, OR ANY OTHER CONTENT AVAILABLE THROUGH THIS WEBSITE. If you are a representative of a firm, corporation, organization or other entity, you represent and warrant that you are authorized to bind the same to these Terms.

Content of the Website

The Website may contain information, data, text, graphics, video, messages, software, code, audio, feedback, documentation, photographs, articles, listings, advertisements, marketing and other materials, available, displayed on, posted to, transmitted or distributed through the Website, whether provided by unaffiliated third party providers (“Providers”) or us (collectively, “Content”). The Content may include financial market data, quotes, news, analyst opinions and research reports. Tora does not endorse or approve the Content, and we make it available to you only as a service and convenience. Tora does not guarantee the accuracy, timeliness, completeness or correct sequencing of the Content or warrant any results from your use or reliance on the Content. The Content may quickly become unreliable for various reasons including, without limitation, changes in market conditions or economic circumstances. Neither Tora nor the Providers are obligated to update any information or opinions contained in the Content. Tora may discontinue offering any of the Content at any time without notice. You agree that neither Tora nor the Providers will be liable to you in any way for the termination, interruption, delay or inaccuracy of any of the Content. You will not redistribute or facilitate the redistribution of any of the Content, nor will you provide access to the Content to anyone who is not authorized by Tora to receive the Content.

Rules and Limits on and Modifications to the Website

We reserve the right, for any reason, in our sole discretion and without notice to you, to terminate, change, suspend or discontinue any aspect of the Website, including, without limitation, the Content, features and/or hours of availability, and we will not be liable to you or to any third party for doing so. We may also impose rules for and limits on use of the Website or restrict your access to part, or all, of the Website without notice or penalty. We have the right to change these rules and/or limitations at any time, in our sole discretion. You should check these Terms periodically for any change. If you continue to use the Website after any change, you will be bound by such change.

User Conduct

You agree you will not, and will not assist or permit others to:

  • Frame the Website, place pop-up windows on any page of the Website, or otherwise change the display or compilation of the Website or its pages;
  • Interfere with or disrupt the Website or servers or networks connected to the Website, or disobey any requirements, procedures, policies or regulations of networks connected to the Website; or
  • Modify, create derivative works of, reverse engineer, disassemble, or decompile the Website or any software or technology on the Website or redistribute or sell any section thereof.

Privacy Policy; User Information

In the course of your use of the Website, you may be asked to provide certain information to us. You acknowledge and agree that you are solely responsible for the accuracy and content of such information. Tora’s use of any information that you provide to us in connection with the Website shall be governed by our Privacy Policy available here. We urge you to read our Privacy Policy.

International Use

We control and operate the Website from our office in the State of California, United States of America. We do not represent that materials on the Website are appropriate or available for use in other locations. Persons who choose to access the Website from other locations do so on their own initiative and are responsible for compliance with local laws, if and to the extent local laws are applicable.

You agree to comply with all applicable laws, rules and regulations in connection with your use of the Website. Without limiting the generality of the foregoing, you agree to comply with all applicable laws regarding the transmission of technical data and personal information exported from the United States or the country in which you reside. Access to the Website from jurisdictions or territories where the Content is illegal or penalized is prohibited.

Software and Tools

You acknowledge and agree that use of all software and tools downloaded or otherwise accessed from the Website (“Software”) may be subject to additional terms and conditions. You may not download any Software without agreeing to such additional terms and conditions.

Proprietary Rights

As between you and Tora, Tora is the owner of any trademark, trade name, trade secret, copyright, patent and/or service mark appearing on or included in the Website, and we own all right, title and interest in and to the Website, including without limitation, the Content, Software, products and services on the Website. We do not grant any license or other authorization to any user of such trade names, trademarks, service marks, trade secrets, patents, or copyrights or any other intellectual property by including them on or in the Website.

Except as otherwise expressly provided herein, use of the Website does not grant you any rights to any Content, Software, features or materials you may access on the Website and you may not modify, rent, lease, loan, sell, distribute or create derivative works of such Content, Software, features or materials, in whole or in part. Any commercial use of the Website is strictly prohibited, except as allowed herein or otherwise approved by us. If you make use of the Website, other than as provided herein, in doing so you may violate copyright and other laws of the United States, other countries, as well as applicable state laws and may be subject to liability for such unauthorized use.

Tora hereby grants you a limited, revocable, nonexclusive, nontransferable license to view, bookmark, download and print the pages within the Website and the documents, graphics and media posted on the Website solely for your personal or noncommercial use. You may not modify, copy, reverse engineer, distribute, transmit, post, display, perform, reproduce, publish, license, create derivative works from, transfer or sell any Content, Software, pages, products or services obtained from the Website, unless you have obtained the prior written permission of Tora. Tora reserves all rights not expressly granted herein; Tora expressly reserves the right to monitor any and all use of the Website.

Copyrights

The Content and works of authorship contained in the Website including, without limitation, all design, text, graphics, audio clips, logos, buttons, digital downloads, design, layout and look and feel of the Website, data compilations, Software, icons, html code, xml code and images are owned or used under license by Tora or a Provider and are protected by United States and international copyright and other intellectual property laws. All Software used on the Website is the exclusive property of Tora or a Provider and is protected by U.S. and international copyright laws and other laws.

You agree not to remove any notice signifying Tora’s, any Provider’s or any third party’s intellectual property or other proprietary rights. Nothing contained on the Website shall be deemed or construed to confer any license or right, expressly, by implication, estoppel or otherwise, under any of Tora, any Provider’s or any third party’s intellectual property rights.

The information on the Website is protected by law including intellectual property law.

COPYRIGHT NOTICE: Copyright © 2008 Tora Trading Services Limited All Rights Reserved.

Trademark Information

Product or service names, logos, designs, titles, words or phrases may be protected under law as the trademarks, service marks or trade names of Tora or other entities. Such trademarks, service marks and trade names may be registered in the United States and internationally.

"Tora”, “TORA”, “Tora Trading Services”, the Tora Trading Services logo, and other Tora product and service names including "Tora Compass", "Tora Equity Trading" and "Clearpool" are trademarks or registered trademarks of Tora (the “Tora Marks”). Without Tora’s prior written permission, you agree not to display or use the Tora Marks in any manner. Nothing on the Website should be construed to grant any license or right to use any Tora Mark without the written consent of Tora.

Tora Marks may not be used in connection with any product or service that is not Tora’s product or service, in any manner that is likely to cause confusion among customers or in any manner that disparages or discredits Tora.

All other marks appearing on the Website are the exclusive property of their respective owners.

Service Publications

Except as expressly prohibited on the Website, you are permitted to view, copy and print informational pages available through the Website subject to your agreement that:

  • your use of the information is for informational, personal and noncommercial purposes only;
  • you will not modify the information or graphics;
  • you will not copy or distribute the graphics separate from their accompanying text and you will not quote materials out of their context;
  • you will reproduce and display the appropriate copyright and trademark notices on all documents or portions of documents and retain any other intellectual property and other proprietary notices on every copy you make; and
  • you agree that we may revoke this permission at any time and that in such event you will immediately cease your activities related to this permission upon notice from us.

The permission above does not include permission to copy the design elements, compilation, look and feel or layout of the Website.

No Recommendations or Advice

None of Tora and its affiliates, their respective officers, directors, employees, vendors, suppliers and agents, nor any of the Providers, recommend, endorse, advocate or sponsor any of the securities or investments appearing on the Website. You should not construe any information provided on the Website as investment, financial, tax, legal or other advice. You acknowledge the risks associated with securities and trading transactions. Any price information, quotes, forecasts, return estimates or indications of past performance are for information purposes only and do not guarantee future performance and do not constitute an offer to buy or sell or any solicitation of an offer to buy or sell any securities, investments or other property. The Website shall not serve as the primary basis for any of your investment decisions and neither Tora nor any of the Providers shall be or be deemed to be your financial advisor or fiduciary. In exchange for using such data, information or content, you agree not to hold Tora or the Providers liable for any possible claim for damages arising from any decision you make based on information made available to you through the Website.

Links From and To the Website

You may be able to link to third party Web sites (“Linked Websites”) from the Website. Linked Websites are not, however, reviewed, controlled or examined by Tora in any way and Tora is not responsible for the content, availability, advertising, products, information or use of user information or other materials of any such Linked Websites, or any additional links contained therein. These links do not imply Tora’s endorsement of or association with the Linked Websites. It is your sole responsibility to comply with the appropriate terms of use and privacy policies of the Linked Websites as well as with any other obligation under copyright, secrecy, defamation, decency, privacy, security and export laws related to the use of such Linked Websites and any content contained thereon. In no event shall Tora be liable, directly or indirectly, to anyone for any loss or damage arising from or occasioned by the creation or use of the Linked Websites or the content, information or material accessed through these Linked Websites. You should direct any concerns to that website’s administrator or webmaster. Tora reserves the exclusive right, at its sole discretion, to add, change, decline or remove, without notice, any feature or link to any of the Linked Websites from the Website and/or introduce different features or links to different users.

Electronic Recording

In connection with your use of the Website, you acknowledge and consent to the taping or any form of electronic recording of any communication, electronic or otherwise, between you and Tora or its representatives, agents or affiliates. You acknowledge and consent to the recording, retention and use by Tora (and its employees, representatives and agents) of all information and data that you input during your use of the Website.

Indemnity

You (and your firm or organization, if you are a representative of same) agree to defend, indemnify and hold Tora and any Provider, and their respective directors, officers, employees, agents and affiliates (“Indemnified Persons”) harmless to the fullest extent permitted by applicable law from any and all claims, liabilities, damages, costs and expenses, including reasonable attorneys’ fees and costs to investigate any claims (“Expenses”), in any way arising from, related to or in connection with your access to and use of the Website, your breach of these Terms, or your infringement or misappropriation of Tora’s, our affiliates’ or a Provider’s intellectual property or proprietary rights.

Disclaimer of Warranties

YOU UNDERSTAND AND AGREE THAT:

THE WEBSITE, INCLUDING, WITHOUT LIMITATION, ALL CONTENT, SOFTWARE, FUNCTION, MATERIALS AND SERVICES IS PROVIDED “AS IS” AND “AS AVAILABLE,” WITHOUT WARRANTY OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY FOR INFORMATION, DATA, DATA PROCESSING SERVICES OR UNINTERRUPTED ACCESS, ANY WARRANTIES CONCERNING THE AVAILABILITY, ACCURACY, COMPLETENESS, USEFULNESS, OR RELIABILITY OF THE CONTENT, AND ANY WARRANTIES OF TITLE, NON-INFRINGEMENT, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. TORA DOES NOT WARRANT THAT THE WEBSITE OR THE FUNCTION, CONTENT, SOFTWARE OR SERVICES MADE AVAILABLE THEREBY WILL BE TIMELY, SECURE, UNINTERRUPTED OR FREE OF ERRORS, DEFECTS, VIRUSES OR OTHER CONTAMINATING OR DESTRUCTIVE ELEMENTS, OR THAT SUCH PROBLEMS WILL BE CORRECTED. TORA MAKES NO WARRANTY THAT THE WEBSITE WILL MEET USERS’ EXPECTATIONS OR REQUIREMENTS. NO ADVICE, RESULTS OR INFORMATION, OR MATERIALS WHETHER ORAL OR WRITTEN, OBTAINED BY YOU THROUGH THE WEBSITE SHALL CREATE ANY WARRANTY NOT EXPRESSLY MADE HEREIN. IF YOU ARE DISSATISFIED WITH THE WEBSITE, YOUR SOLE REMEDY IS TO DISCONTINUE USING THE WEBSITE.

ANY MATERIAL DOWNLOADED OR OTHERWISE OBTAINED THROUGH THE USE OF THE WEBSITE IS DONE AT YOUR OWN DISCRETION AND RISK AND YOU WILL BE SOLELY RESPONSIBLE FOR ANY DAMAGE THAT RESULTS FROM THE DOWNLOAD OF ANY SUCH MATERIAL.

TORA DOES NOT ENDORSE, WARRANT OR GUARANTEE ANY PRODUCTS OR SERVICES OFFERED OR PROVIDED BY OR ON BEHALF OF THE PROVIDERS ON OR THROUGH THE WEBSITE OR A LINKED WEBSITE. TORA IS NOT A PARTY TO, AND DOES NOT MONITOR, ANY TRANSACTION BETWEEN USERS AND PROVIDERS OF PRODUCTS OR SERVICES.

TORA OR ANY PROVIDER ENGAGED IN PROVIDING SERVICES TO YOU ON OR THROUGH THE WEBSITE SHALL NOT BE RESPONSIBLE OR LIABLE FOR ANY DAMAGES CAUSED BY THEFT, UNAUTHORIZED ACCESS, SYSTEMS FAILURE OR INTERRUPTION, INTERNET CONNECTIVITY, COMMUNICATIONS LINE FAILURE OR OTHER OCCURRENCES BEYOND THE CONTROL OF TORA OR SUCH PROVIDER.

Limitation of Liability

IN NO EVENT SHALL TORA, ITS AFFILIATES OR ANY OF THEIR RESPECTIVE DIRECTORS, OFFICERS, EMPLOYEES, AGENTS, OR THE PROVIDERS BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL, EXEMPLARY OR PUNITIVE DAMAGES ARISING FROM OR DIRECTLY OR INDIRECTLY RELATED TO THE USE OF, OR THE INABILITY TO USE, THE WEBSITE OR THE CONTENT, SOFTWARE, MATERIALS AND FUNCTION RELATED THERETO, INCLUDING, WITHOUT LIMITATION, LOSS OF REVENUE, OR ANTICIPATED PROFITS, OR LOST BUSINESS OR GOODWILL, DATA OR SALES, OR COST OF SUBSTITUTE SERVICES, EVEN IF TORA OR ITS REPRESENTATIVE OR SUCH INDIVIDUAL HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. SOME JURISDICTIONS DO NOT ALLOW THE LIMITATION OR EXCLUSION OF LIABILITY SO SOME OF THE ABOVE LIMITATIONS MAY NOT APPLY TO YOU. IN NO EVENT SHALL THE TOTAL LIABILITY OF TORA TO YOU FOR ALL DAMAGES, LOSSES, AND CAUSES OF ACTION (WHETHER IN CONTRACT OR TORT, INCLUDING, BUT NOT LIMITED TO, NEGLIGENCE OR OTHERWISE) ARISING FROM THE TERMS OR YOUR USE OF THE WEBSITE EXCEED, IN THE AGGREGATE, $100.00.

Termination, Suspension or Modification

The rights granted to you herein terminate immediately upon any violation by you of these Terms. Tora reserves the right to terminate, suspend or modify your access to the Website at any time, without notice, for any reason whatsoever. You agree that Tora shall not be liable to you or any third party for any termination of your access to the Website.

Applicable Law/Jurisdiction

You agree that the laws of the State of California, United States, excluding its conflicts-of-law rules, shall govern these Terms. Please note that your use of the Website may be subject to other local, state, national, and international laws. You expressly agree that exclusive jurisdiction for any claim or dispute with Tora or relating in any way to your use of the Website resides in the state and federal courts of San Francisco County, California, and you further agree and expressly consent to the exercise of personal jurisdiction in the state and federal courts of San Francisco County, California, in connection with any such dispute and including any claim involving Tora or its affiliates, subsidiaries, employees, contractors, officers, directors and any Provider.

General Information

These Terms constitute the entire agreement between you and Tora and govern your use of the Website, superseding any prior agreements between you and Tora, unless you and Tora enter into a separate agreement related to the use of the Website, in which case you also may be subject to additional terms and conditions. The failure of Tora to exercise or enforce any right or provision of the Terms shall not constitute a waiver of such right or provision. If any provision of these Terms is found by a court of competent jurisdiction to be invalid, the parties nevertheless agree that the court should endeavor to give effect to the parties’ intentions as reflected in the provision, and the other provisions of these Terms remain in full force and effect. You may not assign these Terms or any of your rights or obligations under these Terms without Tora’s express written consent. These Terms inure to the benefit of Tora’s successors, assigns and licensees. The section titles in these Terms are for convenience only and have no legal or contractual effect.