Term of Service
Updated
Welcome to Cloud Order Book (COB), a cloud-based platform that enables professional traders and institutions to develop, deploy, and execute custom algorithmic trading strategies. By accessing or using COB, you agree to be bound by these Terms of Service (“Terms”). If you do not agree, please do not use our platform.
1. Service Description
COB provides a technology platform for creating, running, and managing algorithmic trading systems. Users may rent dedicated servers, write custom scripts (e.g., in JavaScript or Python), and connect to trading venues via adapters. COB does not execute trades directly, act as a broker, or provide financial advice.
2. User Responsibility
You are solely responsible for your trading strategies, order submissions, risk management, and compliance with applicable laws. All decisions and outcomes result from your logic and configurations. Trading involves substantial risk, including the loss of capital. COB is not liable for any financial losses.
3. Account & Security
You must provide accurate information to create an account. You are responsible for maintaining the confidentiality of your credentials and securing your server environment. You may not share access or use the service for illegal, fraudulent, or abusive purposes.
4. Intellectual Property
COB retains all rights to its platform, software, and branding. You retain ownership of your trading algorithms, scripts, and data. By using COB, you grant us a limited license to host and execute your code solely for service delivery.
5. Scripts & Adapters
Custom scripts run in a secure, sandboxed environment. You agree not to exploit, reverse-engineer, or overload the system. You may develop and deploy custom adapters, provided they comply with third-party APIs and applicable laws.
6. Fees & Subscriptions
Pricing is based on your selected plan (Standard, Professional, Premium). Fees are billed monthly or annually. We reserve the right to modify pricing with 30 days’ notice. All payments are non-refundable, except as required by law.
7. Disclaimers
THE SERVICE IS PROVIDED “AS IS” WITHOUT WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT. WE DO NOT GUARANTEE UNINTERRUPTED, ERROR-FREE, OR SECURE OPERATION. MARKET DATA, EXECUTION SPEED, AND CONNECTIVITY MAY VARY.
8. Limitation of Liability
IN NO EVENT SHALL COB, ITS AFFILIATES, OR PARTNERS BE LIABLE FOR ANY INDIRECT, INCIDENTAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES ARISING FROM YOUR USE OF THE PLATFORM, EVEN IF ADVISED OF THE POSSIBILITY. OUR TOTAL LIABILITY IS LIMITED TO THE AMOUNT YOU PAID IN THE PRIOR THREE MONTHS.
9. Modifications & Termination
We may update these Terms at any time. Continued use constitutes acceptance. We reserve the right to suspend or terminate your access for violations or abuse. You may cancel your subscription at any time; service continues until the billing period ends.
10. Governing Law
These Terms are governed by the laws of Italy and the United Kingdom, without regard to conflict of law principles. Any disputes will be resolved in the courts located in the EU unless subject to binding arbitration.
Contact Us
For questions about these Terms, please contact: legal@cloudorderbook.com .