Terms of Service

1. Who We Are

Spreadsearch is a software service operated by DLA, a simplified joint-stock company with a sole shareholder (Société par Actions Simplifiée Unipersonnelle), registered in France under number 849430582 RCS Paris, with registered office at 39 rue de la Gare de Reuilly, 75012 Paris.

These Terms of Service govern your access to and use of the Spreadsearch platform, website, and desktop application (collectively, "the Service"). By creating an account, subscribing, or downloading the application, you agree to be bound by these terms. If you do not agree, do not use the Service.

2. Nature of the Service

Spreadsearch is a data analytics tool that scans options chains for bid-ask spread opportunities by connecting to the user's own Interactive Brokers Trader Workstation (TWS) installation. All market data is sourced directly from the user's own Interactive Brokers account and market data subscriptions. Spreadsearch does not provide, resell, or store any market data.

Spreadsearch does not:

• Execute trades or place orders on your behalf
• Provide investment advice, financial recommendations, or trading signals
• Guarantee the accuracy, completeness, or timeliness of any data displayed
• Store, transmit, or have access to your Interactive Brokers credentials
• Hold or manage any funds

3. Not Financial Advice

Nothing provided by Spreadsearch constitutes financial, investment, legal, or tax advice. All information is provided for informational and reference purposes only. You are solely responsible for all trading decisions and their outcomes. Trading options involves significant risk of loss, including the potential loss of your entire investment. Past performance of any strategy identified using Spreadsearch is not indicative of future results.

Spreadsearch is a scanning and analytics tool. It identifies potential opportunities based on market data. It does not assess their suitability for your financial situation, risk tolerance, or investment objectives.

Any market reports, articles, or other written content published on the Spreadsearch website are provided for informational purposes only. They do not constitute investment advice, financial recommendations, or trading signals of any kind. Data and observations presented in such content reflect historical market data and are not indicative of future results.

4. Subscriptions and Billing

Access to the Spreadsearch desktop application requires an active paid subscription. Subscriptions are offered on a monthly or annual basis and are billed in US dollars (USD). Pricing is displayed on the pricing page at spreadsearch.com/pricing.

Subscriptions renew automatically at the end of each billing period unless cancelled before the renewal date. You may cancel at any time through your account page. Cancellation takes effect at the end of the current billing period; you retain access until that date. If you are not satisfied within the first 7 days of your initial subscription, you may request a full refund by contacting [email protected]. Outside of this guarantee, we do not offer refunds for partial billing periods.

Payment is processed by Stripe. By subscribing, you authorize Stripe to charge your payment method on a recurring basis in accordance with your chosen plan. We do not store your payment card details.

We reserve the right to change subscription pricing with reasonable notice. Price changes will be communicated by email and will take effect at your next renewal date.

5. Account and Access

You must create an account to subscribe and download the application. You must be at least 18 years of age to use the Service. By creating an account, you confirm that you meet this requirement. You are responsible for maintaining the confidentiality of your account credentials and for all activity that occurs under your account. You must notify us immediately of any unauthorized use of your account.

Your subscription and the downloaded application are for your personal use only. You may not share, sublicense, resell, or distribute access to the Service or the application to any third party. You may not use the Service in any manner that could facilitate market manipulation, front-running, or any activity prohibited by applicable financial regulations.

We reserve the right to suspend or terminate your account if you breach these Terms, fail to pay subscription fees, or use the Service in a manner that we reasonably determine to be harmful, abusive, or unlawful.

6. Requirements

Use of Spreadsearch requires an active Interactive Brokers account with Trader Workstation (TWS) installed and running, and an appropriate US options market data subscription from Interactive Brokers. These are third-party services governed by Interactive Brokers' own terms and conditions. Spreadsearch has no affiliation with Interactive Brokers. You are solely responsible for ensuring that your use of Interactive Brokers' API and Trader Workstation complies with Interactive Brokers' own terms of service, including any restrictions on the use of third-party software.

The Spreadsearch desktop application currently supports Windows 10 and Windows 11 (64-bit). macOS support is planned for a future release.

7. Data and Privacy

We collect and process personal data in accordance with our Privacy Policy, available at spreadsearch.com/privacy. By using the Service, you consent to such processing.

All connectivity between Spreadsearch and Interactive Brokers occurs locally on your device. We do not have access to your brokerage account, trading history, balances, or credentials.

8. Intellectual Property

All software, content, design, and materials forming part of the Spreadsearch Service are the property of DLA and are protected by applicable intellectual property laws. You are granted a limited, non-exclusive, non-transferable license to use the application for personal, non-commercial purposes, subject to these Terms. You may not copy, modify, reverse-engineer, decompile, or create derivative works from any part of the Service.

9. Disclaimer of Warranties

The Service is provided "as is" and "as available" without warranty of any kind, express or implied. We do not warrant that the Service will be uninterrupted, error-free, or free of viruses or other harmful components. We do not warrant the accuracy, completeness, or fitness for purpose of any data, analysis, or output provided by the Service.

The availability of the Service depends on third-party infrastructure including Interactive Brokers, Supabase, and Cloudflare. We are not liable for any interruption, degradation, or failure of the Service caused by the unavailability, malfunction, or changes to any third-party service, nor for any event beyond our reasonable control including but not limited to network failures, power outages, acts of government, or natural disasters.

10. Limitation of Liability

To the fullest extent permitted by applicable law, DLA shall not be liable for any direct, indirect, incidental, special, consequential, or punitive damages arising from your use of or inability to use the Service, including but not limited to trading losses, loss of profits, loss of data, or business interruption, even if we have been advised of the possibility of such damages.

In no event shall our total liability to you for any claims arising from or related to the Service exceed the total subscription fees paid by you in the twelve months preceding the claim.

11. Modifications to the Service and Terms

We reserve the right to modify, suspend, or discontinue the Service or any part of it at any time with reasonable notice. We reserve the right to update these Terms of Service at any time. We will notify you of material changes by email and by updating the date at the top of this page. Continued use of the Service after changes take effect constitutes your acceptance of the revised Terms.

12. Governing Law and Disputes

These Terms are governed by and construed in accordance with the laws of France. Any dispute arising out of or in connection with these Terms or the Service shall be subject to the exclusive jurisdiction of the competent courts of Paris, France, unless mandatory consumer protection laws in your country of residence provide otherwise.

13. Contact

For any questions regarding these Terms, please contact us at [email protected] or by post at DLA, 39 rue de la Gare de Reuilly, 75012 Paris, France.