DAS (Data and Information provided by DASTrader or its affiliates) scan tool provides users with valuable market data for informational and trading purposes. However, using this tool comes with specific responsibilities regarding data usage, limitations, and potential liabilities. This article outlines the key terms and conditions associated with Das Scan Tool access and data utilization.
Data Usage and Restrictions
DAS provides market data “as is” without any warranties, including those of merchantability or fitness for a particular purpose. Users are solely responsible for any consequences arising from using this information, including potential financial losses.
DAS explicitly prohibits users from interfering with the system’s functionality, reverse-engineering its technology, or accessing proprietary information through unauthorized means. Activities such as using viruses, modifying software, or employing techniques to mask IP addresses are strictly forbidden. VPNs and proxies are specifically mentioned as prohibited technologies for accessing the DAS system.
Data provided by DAS and its source providers is intended for internal use only. While users and affiliates can create derivative works from the data for their trading activities, commercial redistribution or public display of this derived data is not permitted.
Training Accounts and Data Delays
Accounts prefixed with “TR” are designated for training purposes, operating in a simulated environment. Trades executed within these accounts are not real and have no financial impact.
Importantly, certain market data feeds, specifically for TSX, CBOE, Russell, and TSX Level 1, are delayed by 15 minutes. This delay should be considered when making trading decisions based on this information. All other data feeds are delivered in real-time.
Liabilities and Responsibilities
Users expressly waive any claims against DAS related to data usage and are responsible for any market data subscription costs and access fees. Unauthorized usage of market data is considered theft of service, and DAS reserves the right to impose fines and penalties. Users acknowledge responsibility for understanding and complying with all applicable market data usage agreements.
Conclusion
The DAS scan tool provides valuable market data, but users must adhere to strict usage guidelines and understand their responsibilities. Key takeaways include the restrictions on data redistribution, the presence of delayed data feeds, and the potential penalties for unauthorized usage. Before utilizing the DAS scan tool, thoroughly review the complete terms and conditions to ensure compliance and mitigate potential risks.
