Terms of Service

Last updated: 2026-08-06

1. Description of Service

Ordinexdata (the Financial Intelligence API, "the Service") provides SEC EDGAR filing data, structured financial fundamentals, insider transaction and institutional holdings data, computed factor scores, market data, and macroeconomic indicators, accessed over a REST API.

2. Not Investment Advice

The Service is not investment advice. Data, factor scores, screens, rankings, and any other output are provided for informational purposes only and do not constitute a recommendation to buy, sell, or hold any security. You are solely responsible for any investment or trading decisions made using the Service. Past performance (including backtested results from the /backtest endpoint) is not indicative of future results.

3. Beta Service

The Service is currently offered as a beta, and by using it you acknowledge and accept that, during this beta period:

• Features, endpoints, response formats, and factor methodologies may change, be added, or be removed without notice;
• Availability is not guaranteed - we do not commit to any uptime service level, and the Service may be unavailable or restricted at any time;
• The underlying data sources (including third-party market-data providers) may change, be added, or be removed;
• The Service may contain errors or bugs, or experience interruptions, including data gaps, delays, or inaccuracies.

Nothing in this section limits any other section of these Terms, including No Warranty and Limitation of Liability below, both of which apply in full during and after the beta period.

4. Data Sources and Licensing

Filing and fundamentals data is sourced from SEC EDGAR and macro indicators from FRED (Federal Reserve Bank of St. Louis) - both U.S. government works in the public domain. Market price data (and factors derived from it) is sourced from an unofficial, third-party endpoint provided for evaluation purposes only - it is not licensed for commercial use or redistribution. Every API response includes an X-Data-License header:

• public-domain - SEC/FRED-sourced, free to use and redistribute.
• beta-yahoo-sourced - touches third-party market price data. Not licensed for redistribution or commercial resale while this header is present. These endpoints will be offered under a licensed data provider once one is contracted to replace the current unofficial source.

Self-service API keys (POST /signup) are issued scoped to the public-domain endpoints only. Keys with access to beta-yahoo-sourced endpoints are issued manually, for evaluation purposes, at our discretion.

The availability, accuracy, and licensing terms of third-party data sources are outside of our control and may change without notice. You are responsible for independently verifying that your use of any data obtained through the Service - particularly data marked beta-yahoo-sourced - complies with any restrictions imposed by the underlying source, in addition to these Terms.

5. User Responsibilities

You are solely responsible for:

• Evaluating the suitability, accuracy, and completeness of any data or output from the Service for your particular use case before relying on it;
• Complying with all applicable laws and regulations in your jurisdiction, including securities, financial services, and data protection laws;
• Complying with any additional restrictions imposed by third-party data sources referenced in these Terms (see Section 4);
• Any decisions, trades, or other actions taken based on data, factor scores, screens, rankings, backtests, or any other output of the Service.

6. API Keys and Acceptable Use

API keys are issued at our discretion and may be revoked at any time, for any reason, without notice - including for suspected abuse, excessive load, or violation of these Terms. You agree not to:

• Share your API key with unauthorized third parties;
• Attempt to bypass, circumvent, or otherwise interfere with authentication, rate limits, or other access controls;
• Redistribute, resell, or sublicense data marked beta-yahoo-sourced, or otherwise use it beyond what these Terms permit;
• Use the Service for or in connection with unlawful financial activity, including fraud or money laundering;
• Use the Service to engage in or facilitate market manipulation or other abusive or unlawful trading practices;
• Systematically extract, scrape, or reproduce substantial portions of the Service's underlying datasets outside of normal, permitted API usage (for example, reconstructing a bulk dataset by exhaustively querying the API beyond your rate limit);
• Use the Service in a way that violates applicable law.

7. No Warranty

The Service and all data are provided "as is," without warranty of any kind, express or implied, including but not limited to accuracy, completeness, timeliness, or fitness for a particular purpose. We do not guarantee that data is accurate, complete, or up to date. Data is sourced from third parties and may contain errors, gaps, or delays outside our control.

8. Limitation of Liability

To the maximum extent permitted by applicable law:

• Our total aggregate liability arising out of or relating to your use of the Service will not exceed the greater of (a) the amount you paid us for the Service in the twelve (12) months preceding the claim, or (b) one hundred US dollars (US $100) - which, for a free or self-service key issued during the current beta, is $0;
• We are not liable for any indirect, incidental, special, consequential, exemplary, or punitive damages, or any loss of profits, revenue, or data, arising from your use of the Service;
• We are not responsible for any trading or investment losses resulting from decisions made using the Service;
• We are not responsible for errors, omissions, delays, or unavailability in data obtained from third-party sources.

Some jurisdictions do not allow the exclusion or limitation of certain damages or liability; in those jurisdictions, the above limitations apply only to the maximum extent permitted by law.

9. Indemnification

You agree to indemnify, defend, and hold us harmless from and against any claims, damages, liabilities, costs, and expenses (including reasonable legal fees) arising out of or related to: (a) your use or misuse of the Service; (b) your violation of these Terms; or (c) your violation of any applicable law or the rights of a third party.

10. Governing Law

These Terms are governed by the laws of Placeholder[governing jurisdiction - to be determined], without regard to its conflict-of-laws principles. This section is a placeholder - a specific governing jurisdiction has not yet been designated and will be added once determined.

11. Changes to These Terms

We may update these Terms from time to time. Continued use of the Service after a change constitutes acceptance of the updated Terms.

12. Relationship to Our Privacy Policy

Our collection and use of personal information in connection with the Service is described in our Privacy Policy, which is incorporated into these Terms by reference.

13. Contact

Legal questions about these Terms can be directed to legal@ordinexdata.com. For technical support, you may also use GitHub issues.