ATA RiskStation™ Terms, Conditions and Disclaimers
Each client (a “Client”) of ATA RiskStaion, LLC ( “ATA RiskStation”) is required to sign a Subscription License Agreement setting forth all terms and conditions of the agreement to use the ATA RiskStation™ service (the “Services”). The Terms, Conditions and Disclaimers include, but are not limited to the following:
ATA RiskStation™ does not provide risk or investment advice or act as a fiduciary to Clients or Clients’ customers, and nothing in the arrangement under which ATA RiskStation™ provides the Service to Clients shall be construed to create or otherwise give rise to any relationship or obligation between ATA RiskStation™ and any of Clients’ customers. The Service provided by ATA RiskStation™ is limited to data processing and reporting and is limited to use by Clients solely as a supplement to Clients’ internal deliberative process regarding providing advice or recommendations to customers. ATA RiskStation™ does not solicit or recommend securities transactions or investment strategies, make suitability determinations, or exercise investment discretion over securities portfolios.
Clients must (i) possess the sophistication, expertise, and investment knowledge necessary to independently evaluate investment risks, factors bearing on the suitability of its recommended securities transactions or investment strategies, and the Service, in light of all pertinent factors; (ii) exercise their own judgment and not rely on any information provided by ATA RiskStation™ in making investment decisions for or recommendations to their customers (regardless of the content of any report); and (iii) be solely responsible for the content of any report they distribute or make available to their customers, including making any disclosures required under all laws, rules, regulations, orders and other governmental or industry requirements applicable to Clients in all applicable jurisdictions, including self-regulatory organization requirements such as, but not limited to, requirements of Financial Industry Regulatory Authority Rule 2214 or any applicable successor thereof, as applicable.
Clients assume responsibility for the accuracy of all the information provided to ATA RiskStation™, including, but not limited to, (i) daily positions, account sizes, ownership percentages and dates when account sizes and ownership changes are updated and (ii) all information submitted to ATA RiskStation™ on behalf of Clients by or through any data aggregator.
ATA RiskStation™ makes no assurances about maximum loss limits and ATA RiskStation™ assumes that Clients fully understand and accept all responsibility for the risk scenarios implemented, at a Client’s request, on the ATA RiskStation™ platform. ATA RiskStation™ assumes that Clients understand the strengths and weaknesses of all the risk models a Client has selected for each customized risk or stress testing scenario. ATA RiskStation™ makes no suitability assurances about any scenario or risk modeling methodology for any portfolio or financial situation of a Client.
ATA RiskStation estimates the immediate portfolio risk attributable to a single day move in a stock index or other Client selected index and does not estimate losses that may result from subsequent moves in the applicable index after the single day move in such index. Measures of market volatility such as beta or other correlation factors may change rapidly and materially during periods of market stress or rapid market changes resulting in significant changes in risk analytics and projections. Unless otherwise noted by ATA RiskStation, modeling is based on a single day shock to the applicable index for any selected stress test scenario with respect to a portfolio and any estimate or projection of that portfolio’s potential performance is limited to the day of or the single day immediately following the date of such move in the applicable index.
Clients confirm that by adopting one or more ATA RiskStation™ default or sample risk scenarios, a Client understands such default or sample risk scenarios and deems them appropriate for the Client’s particular needs and further confirms that by providing such default or sample risk scenarios, ATA RiskStation™ is not making any assurances that such default or sample risk scenarios are appropriate for any portfolio or financial situation of a Client.
The ATA RiskStation™ service is offered subject to availability and accuracy of source position data, analytics and market data provided by third-party vendors, ATA RiskStation™, the Client, prime brokers and other parties and is subject to numerous risks, including, human error, undiscovered software bugs, connectivity interruptions or other risks.
Back-processing can produce different results due to market data or logic updates at downstream service providers. Factors, including, but not limited to, dividends, capital distributions, stock splits, delistings, mergers, consolidations and symbol changes can cause different output results after back-processing.
The ATA RiskStation™ service contains highly proprietary technology and reporting and the use by Clients of the ATA RiskStation™ service constitutes a Client’s agreement to maintain the confidentiality of such confidential information and to treat that confidential information with the same level of care as if it was the Client’s confidential information.
ATA RiskStation™ does not collect or use personally identifiable information on this website, except in responding to website visitors who voluntarily provide such information. ATA RiskStation™ does not sell or distribute personally identifiable information collected on this website to third parties.
ATA RiskStation™ may use non-personal information supplied by you or your browser to monitor the popularity and usefulness of this website’s links, features, and content. Non-personal information may be automatically collected through the use of “cookies,” which are small text files used to recognize repeat visitors and facilitate their user experience. ATA RiskStation™ does not use such non-personal information for commercial marketing.