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Aperiodic Terms of Service

Last updated: March 19, 2026

Welcome to Aperiodic!

These Terms of Service ("Terms") govern your access to and use of our website located at aperiodic.io (the "Site") and the services provided by Aperiodic ("we", "us", "our", or "Aperiodic"), including the curated market data aggregates, microstructure metrics, and related analytics tools (the "Service"). By accessing or using the Site and Service, you agree to be bound by these Terms. If you do not agree with these Terms, please do not use our Site or Service.

1. Acceptance of Terms

By accessing and using our Site or Service, you confirm that you have read, understood, and agree to be bound by these Terms and our Privacy Policy, which is incorporated herein by reference.

2. Eligibility

To use our Service, you must:

  • Be at least 18 years old or of legal age to form a binding contract in your jurisdiction.
  • Provide accurate and complete information during the registration process and update it as necessary to ensure it remains accurate and complete.
  • Not be prohibited from using the Service under any applicable law.

3. User Accounts

You may need to create an account to access certain features of the Service. You are responsible for maintaining the confidentiality of your account credentials and for all activities that occur under your account. You agree to notify us immediately of any unauthorized use of your account or any other breach of security.

3.1 Team Accounts

We offer team accounts that allow multiple users to access the Service under a shared workspace. The team account owner is responsible for managing team members, assigning roles, and ensuring all team members comply with these Terms. Team account usage is subject to the permissions and roles assigned within the team, and the team account owner bears responsibility for all activities conducted under the team account.

4. Subscription Plans and Payment Terms

We offer subscription plans at various tiers, which are processed through third-party platforms such as Stripe. By subscribing, you agree to pay the subscription fees associated with your chosen plan.

  • Monthly Subscriptions: Billed monthly in advance. The contract automatically renews each month unless canceled with a one-month notice prior to the renewal date.
  • Yearly Subscriptions: Billed annually in advance. The contract automatically renews each year unless canceled with a one-month notice prior to the renewal date.

Failure to pay the subscription fees may result in suspension or termination of your access to the Service.

4.1 Refund Policy

All subscription fees are non-refundable. By subscribing, you acknowledge that access to the Service and its data begins immediately upon purchase, and that data downloaded during your subscription period cannot be returned. You may cancel your subscription at any time to prevent future billing, but no refunds will be issued for the current or any prior billing period.

5. Data Licensing and Usage Rights

5.1 License Grant

Subject to your compliance with these Terms and your active subscription, Aperiodic grants you a limited, non-exclusive, non-transferable, non-sublicensable license to access and use the data provided through the Service, subject to the license type associated with your subscription tier:

  • Personal License: Data may be used solely for your own personal or internal research purposes. You may not use personally licensed data for commercial purposes, redistribute it, or share it with third parties.
  • Commercial License: Data may be used for internal business and commercial purposes within your organization. Redistribution to third parties remains prohibited unless expressly authorized by a separate written agreement.

5.2 Restrictions

Regardless of your license type, you may not:

  • Redistribute, resell, sublicense, publish, or make available to third parties any data obtained through the Service, in whole or in part, whether in raw, modified, or derived form.
  • Create competing data products or services using data obtained through the Service.
  • Share account credentials or provide access to the data to individuals not covered under your license or team account.
  • Circumvent any technical measures or access controls designed to enforce these license restrictions.

5.3 Derived Works

You may create internal analyses, reports, and derived works using the data for your own use consistent with your license type. However, you may not distribute derived works that would effectively allow third parties to reconstruct or substitute for the original data.

6. Delivery Terms

Purchased data aggregates, microstructure metrics, and other Service components can be accessed through our Site (aperiodic.io or an alternate URL owned by Aperiodic), APIs, or other delivery mechanisms as specified in your subscription plan, for the duration of an active subscription.

7. API and Technical Usage

7.1 Fair Use

Access to our APIs and data delivery systems is subject to rate limits and fair use policies as published on our Site or communicated to you. We reserve the right to throttle or suspend access if we determine that your usage patterns are excessive, abusive, or likely to degrade the Service for other users.

7.2 Acceptable Use

You agree to use our APIs and technical infrastructure only for their intended purposes. You shall not attempt to reverse engineer, decompile, or disassemble any part of our Service, APIs, or underlying systems.

8. Prohibited Uses

You agree not to use the Site or Service for any unlawful purpose or any purpose prohibited under this clause. You agree not to:

  • Violate any local, state, national, or international law or regulation.
  • Infringe upon or violate our intellectual property rights or the intellectual property rights of others.
  • Upload or transmit any software viruses or any other code designed to disrupt, damage, or limit the functioning of any software, hardware, or telecommunications equipment.
  • Attempt to gain unauthorized access to our Site or Service, other accounts, computer systems, or networks connected to our Site or Service, through hacking, password mining, or any other means.
  • Use automated scripts, bots, or similar tools to scrape, extract, or collect data from the Service in excess of normal usage patterns or in violation of any rate limits imposed by us.
  • Engage in any other conduct that restricts or inhibits anyone's use or enjoyment of the Site or Service, or which, as determined by us, may harm Aperiodic or users of the Site or Service or expose them to liability.

9. Intellectual Property

All content provided through the Service, including but not limited to data aggregates, microstructure metrics, software, algorithms, and documentation, is the intellectual property of Aperiodic and is protected by applicable intellectual property laws. Your subscription grants you only the limited license rights described in Section 5. All rights not expressly granted are reserved by Aperiodic.

10. Confidentiality

Both parties agree to keep confidential any proprietary information disclosed by the other party in connection with the Service. This obligation will survive the termination of this agreement.

11. Disclaimer

The data and analysis provided by Aperiodic are based on historical market data. Past performance is not indicative of future results. Aperiodic makes no representations or warranties regarding the accuracy or completeness of any third-party data provided through the Service. While we strive to ensure the accuracy and reliability of data we transform or derive, Aperiodic will not be liable for any inaccuracies or errors in the original data supplied by third parties, including exchange data feeds.

Not Financial Advice. Our curated data aggregates and microstructure metrics are intended as professional market data tools to support research and decision-making processes. The data and analyses provided are based on comprehensive historical market data and sophisticated processing. However, this information should not be construed as financial advice, investment recommendations, or solicitations to buy, sell, or hold any financial instrument. We recommend consulting with qualified financial professionals before making any financial decisions. You are solely responsible for your own investment decisions and any resulting gains or losses.

Data Accuracy. While we employ enterprise-grade quality assurance and validation processes, market data inherently involves complexities including exchange outages, data feed interruptions, and varying data formats across venues. We make commercially reasonable efforts to detect and correct data anomalies but do not guarantee that the data is free from errors or omissions.

12. Service Availability

We strive to maintain continuous availability of the Service but do not guarantee uninterrupted or error-free operation. The Service may be temporarily unavailable due to scheduled maintenance, updates, or circumstances beyond our control. We will make reasonable efforts to provide advance notice of planned downtime. We shall not be liable for any loss or damage arising from Service unavailability.

13. Limitation of Liability

To the fullest extent permitted by applicable law, in no event shall Aperiodic, its affiliates, agents, directors, employees, suppliers, or licensors be liable for any indirect, incidental, special, consequential, or punitive damages, including without limitation, loss of profits, data, trading losses, or other intangible losses, arising out of or in connection with your use of the Site or Service.

Aperiodic's total liability to you for any claim arising from or related to the Service shall not exceed the amount paid by you for the Service in the twelve months preceding the claim.

14. Indemnification

You agree to indemnify, defend, and hold harmless Aperiodic and its affiliates, officers, directors, employees, and agents from and against any claims, liabilities, damages, losses, and expenses, including reasonable legal fees, arising out of or in connection with: (a) your use of the Service or the data obtained through it; (b) your violation of these Terms, including any data licensing restrictions; (c) your violation of any third-party rights; or (d) any financial decisions made based on data obtained through the Service.

15. Governing Law

This agreement shall be governed by and construed in accordance with the laws of Germany. Any disputes arising from this agreement shall be resolved in the courts of Germany.

16. Termination

This agreement has a minimum contract period corresponding to your subscription term (monthly or yearly). Either party may terminate this agreement after the completion of the minimum contract period with thirty (30) days' written notice. Upon termination, your access to the Service will be revoked, any outstanding fees will become immediately due, and you must cease all use of data obtained through the Service except to the extent permitted by your license type for data already downloaded during the active subscription period. Sections relating to intellectual property, data licensing restrictions, confidentiality, limitation of liability, indemnification, and governing law shall survive termination.

17. Force Majeure

Neither party shall be liable for any failure or delay in performing its obligations under these Terms where such failure or delay results from circumstances beyond the reasonable control of that party, including but not limited to natural disasters, acts of government, power failures, internet or telecommunications failures, exchange outages, data feed interruptions, cyberattacks, pandemics, or other force majeure events.

18. Modification of Terms

Aperiodic reserves the right to modify these Terms at any time with one month's notice. Clients will be notified of any changes via email and our website. Continued use of the Service constitutes acceptance of the revised Terms.

19. Severability

If any provision of these Terms is found to be unenforceable or invalid by a court of competent jurisdiction, that provision shall be limited or eliminated to the minimum extent necessary so that the remaining provisions of these Terms shall remain in full force and effect.

20. Entire Agreement

These Terms, together with the Privacy Policy and any other agreements expressly referenced herein, constitute the entire agreement between you and Aperiodic with respect to the Service and supersede all prior or contemporaneous communications and proposals, whether oral or written.

21. Contact Information

For any questions or concerns regarding these Terms, please contact us at:

Aperiodic Email: info@aperiodic.io

Aperiodic

Institutional-Grade Order Flow, Liquidity & Derivative Metrics — Turn market microstructure into actionable signals, alpha and analytics in minutes.

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NOT INVESTMENT ADVICE

The Content is for informational purposes only, you should not construe any such information or other material as legal tax, investment, financial, or other advice. Nothing contained on our presentation constitutes a solicitation, recommendation, endorsement, or offer by Aperiodic or any third party service provider to buy or sell any securities or other financial instruments in this or in in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.

All Content on this presentation is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the presentation constitutes professional and/or financial advice, nor does any information on the Presentation constitute a comprehensive or complete statement of the matters discussed or the law relating thereto.

Aperiodic is not a fiduciary by virtue of any person's use of or access to the Presentation or Content. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other Content on the Presentation before making any decisions based on such information or other Content. In exchange for using the Presentation, you agree not to hold Aperiodic, its affiliates or any third party service provider liable for any possible claim for damages arising from any decision you make based on information or other Content made available to you through the Presentation.

INVESTMENT RISKS

There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods. A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.