ITG Inc. - Terms of Use

ITG Inc. and its affiliates (“ITG”) provide this web site and all information contained herein (collectively, the “Web site”) subject to your compliance with the terms and conditions set forth below. Please read the following information carefully before continuing to use this Web site. By using this Web site or any service of this Web site, you signify your acceptance of the Terms of Use.

General Legal Information
This Web site is for informational purposes only. None of the information contained on this Web site constitutes a solicitation, offer, opinion, or recommendation by ITG to buy or sell any securities or other financial instruments, or to provide legal, tax, accounting, or investment advice, or services regarding the suitability, or profitability of any security or investment, or to participate in any particular trading strategy in any jurisdiction in which such offer, solicitation or trading strategy would be unlawful. ITG is not acting as broker, dealer, underwriter, placement agent, or investment adviser in connection with any security referenced on this Web site.

The securities or investment strategies discussed on this Web site might not be suitable for you. ITG assumes all sources and information to be truthful and reliable, but does not warrant or guarantee their accuracy. All statements contained in this site are deemed to be factual as of the date they are provided and are subject to change without notice.

Disclosure of Security Positions
ITG or its employees may have a position in the securities discussed herein and may make purchases from and sales to customers on a principal basis or as agent for another person.

Modification and Monitoring of Web Site
ITG reserves the right, in its sole discretion, to change, modify, add or remove portions of these terms and conditions at any time and to monitor any and all use of this Web site. Accordingly, please check the Terms of Use periodically for any changes. Your use of the Web site or any service on this Web site after the posting of such modifications will constitute your acceptance of the modified Terms of Use. Any terms and conditions proposed by you which are in addition to or which conflict with the Terms of Use are expressly rejected by ITG and shall be void.

Electronic Recording
Access to the Site is not confidential and you hereby consent to our collection of information that you send to us and that we send to you through this Web site. You acknowledge and consent that ITG may retain and use this information for its own internal purposes and that such recording applies to all information and data that you enter into this Web site including, without limitation, all tools or calculators included herein. You acknowledge and agree that ITG may store information on your computer using “cookies.” A cookie is a file containing information that a Web site sends to a local hard disk for access by the Web site at a later time for various Web site administration and related purposes. You acknowledge and agree that any communication between you and ITG via this Web site is not “encrypted.”

Restrictions on Use
The information provided on this Web site is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation, or which would subject ITG or its affiliates to any registration requirement within such jurisdiction or country. You may not use this Web site for any illegal purpose or in any manner inconsistent with the Terms of use. You agree not to use, transfer, dispose, or distribute any information on this Web site in any manner that could compete with ITG's business. You may not copy, reproduce, republish, recompile, redeliver, decompile, disassemble, reverse engineer, distribute, publish, display, modify, upload, post, transmit, create derivative works from, use "frame" technology on, or in any other way create a misimpression or confusion among users with respect to sponsorship or affiliation, or exploit in any way material from ITG's Web site. Notwithstanding the foregoing, the user may download a single copy of any support document or user guide for his or her own personal use, provided that such materials are maintained in their original form and are not redistributed to other individuals or entities.

Limited License
Users may include a link to the itginc.com Web site: (i) in a simple list of companies, by linking to the itginc.com homepage (www.itginc.com); or (ii) in a list of companies that offers descriptions along with links, provided that ITG has approved such description.

Linking to other pages or content within the itginc.com Web site is prohibited, unless expressly permitted by ITG.

Disclaimer of Warranty
DATA AND INFORMATION PROVIDED BY ITG, OR ANY OF ITS AFFILIATES, THEIR MEMBERS, DIRECTORS, OFFICERS, EMPLOYEES, AGENTS, AND CONTRACTORS IS FOR INFORMATIONAL PURPOSES ONLY, AND IS PROVIDED BY ITG ON AN "AS IS" BASIS. ITG EXPRESSLY DISCLAIMS ANY AND ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, AND A WARRANTY FOR NON-INFRINGEMENT WITH RESPECT TO THE DATA AND INFORMATION. IN NO EVENT SHALL ITG BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES OF ANY KIND WHATSOEVER (INCLUDING, BUT NOT LIMITED TO, LOST PROFITS, TRADING LOSSES, AND DAMAGES THAT MAY RESULT FROM THE USE OF THE DATA AND INFORMATION, ANY DELAY OR INTERRUPTION OF SERVICE, OR OMISSIONS OR INACCURACIES IN THE INFORMATION) WITH RESPECT TO THE DATA AND INFORMATION.

THE USER, AS A CONDITION TO VIEWING THE DATA AND INFORMATION, EXPRESSLY WAIVES ANY CLAIM IT MAY HAVE AGAINST ITG.

Limitation of Liability
In no event shall ITG or its third party providers be liable to users of this Web site for any direct, special, indirect, consequential, loss of profits, damages, or any other damages of any kind even if ITG or any other party has been advised of the possibility thereof. Any material downloaded or otherwise obtained through the use of this Web site is done at your own discretion and risk, and you will be solely responsible for any damage to your computer system or loss of data that results from the download of such material.

Research Reports
We may provide users with certain research and analysis. These materials may be developed directly by us, or by third-party providers and offered through us. ITG does not endorse the recommendations, advice, opinions, or judgments contained in research developed by third-party providers, which is provided as a convenience to the users of this Web site. All ITG research and analysis is not personalized, or in any way tailored to reflect your personal financial circumstances or investment objectives, and the securities or investment strategies discussed may not be suitable for you. Certain transactions give rise to substantial risk and are not suitable for all investors. We make no guarantees as to the accuracy, completeness, timeliness, or usefulness of these materials. These materials are made available for your personal use only, and may not be retransmitted or republished without ITG's prior approval. While we endeavor to update on a reasonable basis the information discussed in this material, there may be regulatory, compliance, or other reasons that prevent us from doing so.

None of ITG’s staff members are "research analysts" under applicable rules and regulations governing broker-dealers and research analysts. The reports prepared by ITG, rather than by third parties, generally comment on economic, or market conditions, and do not constitute “research reports” under applicable rules and regulations governing broker-dealers and research analysts.

Copyright and Trademark Notices
This Web site, including but not limited to the text, content, photographs, images, video, audio, and graphics contained in this Web site are protected by copyrights, trademarks, service marks, international treaties, and other proprietary rights and laws of the United States and other countries as a collective work and/or compilation; unless otherwise indicated, ITG or its affiliates owns a copyright in the selection, coordination, arrangement, and enhancement of such content. Reproduction or citation of such content, information, products, or software without ITG’s prior written consent is expressly prohibited. Users agree not to copy, modify, adapt, reproduce, translate, distribute, transmit, reverse engineer, decompile, or dissemble any information appearing on this Web site.

Users agree to abide by all applicable intellectual property laws, as well as any additional notices or restrictions contained in the Web site. Unauthorized use of this Web site and the materials contained on this Web site may violate applicable copyright, trademark or other intellectual property laws or other laws.

The trademarks, service marks, and logos (collectively, the "Trademarks") displayed on this Web site are registered and common law trademarks of ITG and various third parties. Nothing contained on this Web site should be construed as granting, by implication, or otherwise, any license or right to use any of the Trademarks without the written permission of ITG or such other party that may own the Trademarks.

ITG®, Investment Technology Group®, QuantEX®, SmartServer®, The Future of Trading®, and TCA® are registered trademarks of ITG. POSIT® is a registered service mark of the POSIT Joint Venture, a joint venture between ITG and a subsidiary of Barra Inc. TriAct is a trademark of the POSIT Joint Venture. SPI SmartServer, VWAP SmartServer, ITG ACE, ITG WebAccess, ITG/OPT, ITG PRIME, ResRisk, activePeg, Horizon, Hoenig, and AlterNet are trademarks of ITG.

All other brand and product names appearing on this site may be the trademarks or service marks of their respective owners.

Use of Links
ITG has not developed, checked for accuracy, or otherwise reviewed other web sites linked to this Web site and is not responsible for the content of any web site linked to this Web site. ITG provides links to other web sites solely as a convenience to the users of this Web site. Linking to any other web site is done at the risk of the user. By providing access to the linked web sites, neither ITG nor its third party providers are recommending the purchase or sale of the stock nor endorsing the services provided by the web sites’ sponsoring organization. ITG has not tested any information, software, or products found on any of the web sites linked to this Web site, and therefore ITG does not make any representations with respect thereto, including any representations regarding the content or sponsors of the web site, or the suitability or appropriateness of the products or transactions described therein.

Severability
If any provision of the Terms of Use is deemed unlawful, void or unenforceable for any reason, that provision will be deemed severable from these terms and will not affect the validity and enforceability of the remaining provisions.

Entire Agreement
The Terms of Use constitutes the entire agreement between user and ITG relating to the use of this Web site. Users may also be subject to additional terms and conditions that may apply when users use affiliate services, third-party content or third-party software.

Use Subject to Agreements
The products and services described in this Web site are subject to these disclosures and disclaimers. If you are a customer, use of such products and services are also subject to the various agreements you have with ITG.

Any rights not expressly granted herein are reserved.