Auquan Terms and Conditions

This document is an electronic record of the User Agreement, User Privacy Notice, and rules and regulations for access or usage of the Website.

This Website is owned and operated by “Auquan Ltd” (hereinafter ‘We’, ‘Us’, ‘Our’, 'The Company') having its Registered Office at Kemp House, 160 City Road, London, United Kingdom, EC1V 2NX . QuantQuest is brand of Auquan Ltd at the aforementioned address. By visiting or using the (hereinafter “Website” and "QuantQuest" ) service, of Auquan, you ("you" the user using acknowledge that you have read and understood, and agree to be bound by, these Terms and Conditions listed below which may be revised from time to time. If you do not agree to these terms, please do not use this Website.

The contents of this Terms and Conditions include the main body as well as all the terms, conditions and policies including (but without limitation) legal statements, contest rules, privacy policy, etc. that have been or will be published or released by Auquan on this Website. All terms, conditions, rules and policies are an integral part of this Terms and Conditions and shall have the same legal effect as the main body of this Terms and Conditions.

Auquan reserves the right to change these Terms and Conditions from time to time without any obligation to inform you and it is your responsibility to look through them as often as possible. Your continued use of any Auquan services after such changes to this Agreement will constitute your acceptance of any and all such changes. Notwithstanding the foregoing, Auquan shall try its best to notify you of any material, detrimental change to this Agreement.


Auquan is a web-based platform. It provides a place and tools to write trading algorithms, sharing ideas, strategies and trading experiences with other Algorithm writers and investors. You may, however, decide to keep private some or all of the Content that you upload to, or write on, QuantQuest, including algorithms that you write and test on QuantQuest. Please review our Privacy Policy.

Use of the Website.

You represent and warrant that you are at least 18 years old or visiting this Website under the supervision of a parent or guardian. If you are a business entity, you represent that you are duly authorized by the business entity to accept this Terms and Conditions and you have the authority to bind the business entity to this Terms and Conditions.

You shall access and use and its content solely for personal and non-commercial purposes. Any use of the Website or its content other than for personal and non-commercial purposes is prohibited. You agree not to reproduce, publish, transmit, distribute, modify, create derivative works from, or commercially exploit in any way any of the content of the Website. However, you may download, electronically copy and print any of the content of the Website for your personal, non-commercial use only. This is a revocable license, not a transfer of title, and is subject to the restrictions that

  • You shall not modify the content or use it for any commercial purpose, or any public display, performance, sale or rental
  • You shall not decompile, reverse engineer, or disassemble the content, and
  • You shall not remove any copyright, trademark registration, or other proprietary notices from the content.

You further agree not to access or use the Website in any manner that may be harmful to the operation of the Website or its content.

Privacy Policy.

Please review our Privacy Policy, which also applies to your visit to and use of this Website.

Competiton Rules.

  1. a) Entry.

    The Competitions are open for all natural persons or legal person. You must be above 18 years of age, if a natural person. If you register as a business entity, you represent that you are duly authorized by the business entity to accept these Terms and Conditions and you have the authority to bind the business entity to this Terms and Conditions. There is no entry fee to enter this competition. By entering this competition, an entrant is indicating his/her agreement to be bound by the Terms and Conditions of the Website.

  2. b) Closing Date.

    After the Closing Date, no further entries to the competition will be permitted. No responsibility can be accepted for entries not received for whatever reason.

  3. c) Amendment or Cancellation of Competiton.

    The promoter reserves the right to cancel or amend the competition as per the Terms and Conditions of this Website.

  4. d) One Account/Participant.

    Participants are not allowed to sign-up and submit from multiple accounts. This shall result in disqualification of your candidature from interviews.

  5. e) No Collaboration/Sharing.

    You are not allowed to share code or data with others. Any code or solution sharing will result in your candidature being disqualified from interviews. Snippets posted on forum or available on wiki are okay to share.

  6. f) Submission Limit.

    You are allowed a maximum 2 (two) submissions/day. Any more submission will move to the end of the queue and may not be processed.

  7. g) Criteria and Eligibility.

    To be eligible for judging, a user’s entry must meet the following content/technical requirements:

    • It should be original work, has not been copied from others without permission or apparent rights, and does not violate the privacy, intellectual property rights, or other rights of any other person or entity.
    • The entry cannot have been selected as a winner in any other contest.
    • User must have obtained any and all consents, approvals, or licenses required to submit the entry.

  8. h) Data Rules.

    'Data' means the Data or Datasets linked from the Competition Website for the purpose of use by Participants in the Competition. Data is deemed for the purpose of these Competition Rules to include any prototype or executable code provided to Participants by Auquan or Competition Sponsor via the Website. Participants must use the Data only as permitted by these Competition Rules and any associated data use rules specified on the Competition Website. Unless otherwise permitted by the terms of the Competition Website, Participants must use the Data solely for the purpose and duration of the Competition, including but not limited to reading and learning from the Data, analyzing the Data, modifying the Data and generally creating your Submission and any underlying models and participating in forum discussions on the Website. Participants must not copy, access, or otherwise use the Data for any purpose other than to participate in the Competition for which such Data was provided. Participants must not attempt to access any Auquan data sets that they are not explicitly given access to. This includes, but is not limited to, any test or validation data sets used by our public scoring system to provide intra-competition feedback. External data sets are also forbidden unless specifically allowed in a specific competition/problem rule set. Participants agree to use suitable measures to prevent persons who have not formally agreed to these Competition Rules from gaining access to the Data and agree not to transmit, duplicate, publish, redistribute or otherwise provide or make available the Data to any party not participating in the Competition. Participants agree to notify Auquan immediately upon learning of any possible unauthorized transmission or unauthorized access of the Data and agree to work with Auquan and/or Competition Sponsor to rectify any unauthorized transmission. Participants agree that participation in the Competition shall not be construed as having or being granted a license (expressly, by implication, estoppel, or otherwise) under, or any right of ownership in, any of the Data.

  9. i) External Data Rules.

    Unless otherwise expressly stated on the Competition Website, Participants must not use data other than the Data to develop and test their models and Submissions. Competition Sponsor reserves the right in its sole discretion to disqualify any Participant who Competition Sponsor determines in its sole discretion has undertaken or attempted to undertake the use of data other than the Data, or who uses the Data other than as permitted according to the Competition Website and in these Competition Rules, in the course of the Competition.

  10. j) Winning Rules.

    We believe in skill-based merit. The final results are determined solely by leaderboard ranking on the private leaderboard (subject to compliance with these Competition Rules). Participants' scores and ranks on the Competition Website at any given stage of the Competition will be based on the objective evaluation metric described on the Competition Website, as determined by applying the predictions generated by the Submission to the ground truth of a historical validation dataset whose instances were a fixed set sampled from the Data. The evaluation metric that we shall use for scoring and ranking Submissions will be notified through the Competition Website.

    Winners are subject to verification of eligibility and compliance with these Competition Rules. Competition Sponsor reserves the right to examine the Submission and any associated code or documentation for compliance with these Competition Rules. All decisions of the Competition Sponsor and judges will be final and binding on all matters relating to this Competition with no right to appeal.

    Every Participant agrees to grant and hereby grants to Competition Sponsor and Auquan an irrevocable, worldwide, and royalty-free right to review the Submission (including any and all submitted source code) for purposes related to evaluation and scoring in the Competition, including but not limited to the assessment of potential cheating behavior.

    The tax obligation of the cash prize shall be borne by the participant. Auquan shall withhold taxes and pay the balance prize amount. All participants who get cash prizes would need to provide their tax identification for claiming the cash prize.

    Prizes shall neither be transferable nor exchangeable. Agents or any other person cannot claim the Prizes on behalf of the Participant.

    In the event that the Submission demonstrates a breach of these Competition Rules, Competition Sponsor may at its discretion take either of the following actions:

    1. Disqualify your Submission(s); or
    2. Require that you remediate within one week all issues identified in your Submission(s) (including, without limitation, the resolution of license conflicts, the fulfillment of all obligations required by software licenses, and the removal of any software that violates the software restrictions). Failure to remediate the identified deficiencies within the specified time frame may result in disqualification.

  11. k) Intellectual Property Licensing.

    Every Participant agrees to grant and hereby grants to Competition Sponsor and Auquan an irrevocable, worldwide, and royalty-free right to review the Submission (including any and all submitted source code) for purposes related to evaluation and scoring in this Competition, including but not limited to the assessment of potential cheating behavior.
    Your acceptance of the Prize shall mean you agree and consent to grant and thereby grant to the Competition Sponsor and Auquan an irrevocable Non-Exclusive License of your winning Submission and the source code used to generate the Submission.

  12. l) Breaking Ties.

    A tie between two or more valid and identically ranked submissions will be resolved in favour of the tied submission that was submitted first.


We reserve the right to verify your compliance with this Agreement. If we contact you to verify compliance, you shall provide information or other materials reasonably requested to assist in the verification. We may monitor the overall performance and stability of the infrastructure of our services. You shall not block or interfere with that monitoring. If we reasonably believe a problem with our services may be attributable to User Data or Customer’s use of our services, you shall cooperate with us to identify the source of and resolve that problem.

Promotions and Discount Coupon Terms.

We reserve the right to terminate any offer or promos started by us at any point of time even before its term. You might get debarred from the benefits of the offer or promos if you are found to be abusing our offers and promos.

Auquan's Rights.

In providing you with access to Website, we reserve the following rights, and in accessing, browsing or otherwise using the Website you grant to us and agree that the Auquan shall have the following rights:

  1. The right to refuse or withdraw your access to Website in accordance with the applicable laws for any reason at any time (with or without notice) if in Auquan’s sole and absolute discretion you violate or breach any of these Terms;
  2. The right to suspend, amend or disable your account without giving you any notice or reason;
  3. The right to access any or all of your accounts in order to respond to your requests for technical support so long as we maintain appropriate administrative physical and technical safeguards for the protection of the security and confidentiality and integrity of your data;
  4. The right to terminate without notice user accounts and delete any associated data if that account has been inactive or disabled for one year or more;
  5. Right to terminate services. Auquan may change or discontinue the services at any time without prior notice. We reserve the right to terminate these Terms for any reason, without notice, and these Terms shall automatically terminate in the event that you violate any of the terms and conditions set forth herein (with prejudice to our accumulated rights against you). In the event of any termination, you will immediately cease use of the Services of Auquan.

Limitation of Liabilities.

For the purpose of these terms and policies, you agree that QuantQuest is a Platform and as such is not responsible or liable for any content, for example, data, text, information, usernames, graphics, images, photographs, profiles, audio, video, items, and links posted by users, or outside parties on the Website. The Company has no control over the third party user generated contents. You use the Website services at your own risk.

In no event will Auquan and its affiliates, officers, directors, employees, shareholders, information providers, suppliers and licensees be liable for any damages of any nature whatsoever resulting from, or related to, the loss, delay or inability to use the Website (including, without limitation, any content), the loss of any content obtained through the Website or any indirect, consequential, special, incidental or punitive damages whatsoever including, without limitation, damages for loss of profits arising out of or in any way connected with these Conditions or otherwise arising out of the use of the Website (including, without limitation, any content), whether based in contract, tort, negligence, strict liability or otherwise and even if the Auquan, its parents, affiliates, officers, directors, employees, shareholders, information providers, suppliers and licensees have been advised of the possibility of such damages.

Intellectual Property.

Our Website may contain our service marks or trademarks as well as those of our affiliates or other companies, in the form of words, graphics, and logos. Your use of our Website does not constitute any right or license for you to use such service marks/trademarks, without the prior written permission of the corresponding service mark/trademark owner. Every content, trademark, service mark, trade name, logo and icon are the property of Auquan or its affiliates or agents and are protected by laws, international treaties and provisions relating to copyright and trademark.


You agree to indemnify and hold harmless Auquan and its affiliates, officers, directors, employees, shareholders, information providers and licensees (collectively, "Indemnified Parties") from and against any and all liability and costs, without limitation, incurred by the Indemnified Parties in connection with any claim arising out of:

  1. your access and/or use of this Website;
  2. any breach of any of these Conditions by you and/or
  3. any allegation which, if true, would constitute a breach of any of these Conditions by you.

Prohibited and Restricted Activities.

You agree, undertake and confirm that your use of the Website shall be strictly governed by the following binding principles:

  1. You shall not host, display, upload, modify, publish, transmit, update or share any information which:
    1. i. does not belongs to you and over which you have no right;
    2. ii. is grossly harmful, harassing, blasphemous, defamatory, libelous, invasive of another’s privacy, bigotry, obscene, pornographic, paedophilic, hateful, or racially, ethnically objectionable, disparaging, relating to or encouraging money laundering or gambling, or otherwise unlawful in any manner, or unlawfully threatening or harassing
    3. iii. is false, inaccurate or misleading in any way;
    4. iv. harasses or advocates harassment of another person;
    5. v. involves the transmission of ‘junk mail’, ‘chain letters’, unsolicited mass mailing, or ‘spamming’;
    6. vi. promotes illegal activity or conduct that is abusive or threatening;
    7. vii. infringes upon or violates any third party's rights [including but not limited to intellectual property rights, rights of privacy (including without limitation unauthorized disclosure of a person's name, email address, physical address, or phone number) or rights of publicity];
    8. viii. promotes an illegal or unauthorized copy of another person's copyrighted work such as providing pirated computer programs or links, information to circumvent manufacturer-installed copy-protect devices, or pirated music or links to pirated music files;
    9. ix. provides material that exploits people in a sexual, violent or otherwise inappropriate manner or solicits personal information from anyone;
    10. x. provides instructional information about illegal activities such as making or buying illegal weapons, providing or creating computer viruses;
    11. xi. contains unauthorized videos, photographs or images of another person (whether a minor or an adult);
    12. xii. tries to gain unauthorized access or exceeds the scope of authorized access to the Website, profiles, blogs, communities, account information, bulletins, or other areas of the Website, or solicits passwords or personal identifying information for commercial or unlawful purposes from other users on the Website;
    13. xiii. engage in activities such as contests, sweepstakes, barter, advertising, pyramid schemes, or the buying or selling of ‘virtual’ items related to the Website without our prior written consent.
    14. xiv. solicits gambling or engages in any gambling activity which we, at our sole discretion, believe is or could be construed as being illegal;
    15. xv. interferes with another’s use and enjoyment of the Website;
    16. xvi. refers to any website/URL which, at our sole discretion, contains material that is inappropriate for the Website or any other website and content that is prohibited or violates the letter and spirit of this Terms and Conditions;
    17. xvii. harms minors in any way
    18. xviii. infringes any patent, trademark, copyright, proprietary rights, third-party’s trade secrets, rights of publicity, or privacy, or involves the sale of counterfeit or stolen items;
    19. xix. violates any law for the time being in force;
    20. xx. deceives or misleads the addressee/ users about the origin of messages or communicates any information which is grossly offensive or menacing in nature;
    21. xxi. impersonates another person;
    22. xxii. contains software viruses or any other computer codes, files, or programs designed to interrupt, destroy, or limit the functionality of any computer resource; or contains any trojan horses, worms, time bombs, cancelbots, easter eggs, or other computer programming routines that may damage, detrimentally interfere with, diminish value of, surreptitiously intercept, or expropriate any system, data, or personal information;
    23. xxiii. threatens the unity, integrity, defense, security or sovereignty of India or causes incitement to the commission of any offence or prevents investigation of any offence or is insulting any nation;
    24. xxiv. shall, directly or indirectly, offer or attempt to offer trade or attempt to trade in any item which is prohibited or restricted in any manner under the provisions of any applicable law, rule, regulation or guideline for the time being in force;
    25. xxv. shall create liability for us or cause us to lose (in whole or part) the services of our Internet Service Provider (“ISPs”) or other suppliers.

  2. You shall not attempt to gain unauthorized access to any portion or feature of the Website, other systems, networks connected to the Website, server, computer, network, or the services offered on or through the Website by hacking, password ‘mining’, or any other illegitimate means.

  3. You shall not probe, scan or test the vulnerability of the Website or any networks connected to the Website or breach the security, authentication measures on the Website or any network connected to the Website. You may not reverse look-up, trace or seek to trace information on any other user of or visitor to Website (including any account on the Website that is not owned by you) or to its source or exploit the Website, any service, information made available, or offered by or through the Website in any way where the purpose is to reveal any information (including but not limited to personal identification or information other than your own information) provided by the Website.

  4. You shall not make any negative, denigrating, or defamatory statement(s)/comment(s) about us, the brand name or domain name used by us or otherwise engage in any conduct or action that might tarnish the image or reputation of Auquan on the Website or otherwise tarnish or dilute any Auquan trade mark, service marks, trade name and/or goodwill associated with such trade, service marks or trade name as may be owned or used by us. You agree that you will not take any action that imposes an unreasonable or disproportionately large load on the infrastructure of the Website or Auquan’s systems, networks, or any systems or networks connected to Auquan.

  5. You agree not to use any device, software or routine to interfere or attempt to interfere with the proper working of the Website, any transaction being conducted on the Website or any other person’s use of the Website.

  6. Solely to enable us to use the information you provide us with and so that we do not violate any rights you might have in your information, you agree to grant us a non-exclusive, worldwide, perpetual, irrevocable, royalty-free, and sub-licensable (through multiple-tiers) right to exercise the copyright, publicity or database rights or any other rights you have in your information or in any media now known or not currently known with respect to your information. We will only use your information in accordance with this Terms and Conditions and Privacy Policy applicable to the use of the Website.

  7. You shall not engage in advertising or solicitation of other brand on the Website to buy or sell any products or services. You may not transmit any chain letters or unsolicited commercial or junk email to other users via the Website. It shall be a violation of this Terms and Conditions to use any information obtained from the Website in order to harass, abuse, or harm others or contact, advertise and sell to or solicit any users of this Website. In order to protect our users from such advertising or solicitation, we reserve the right to restrict the number of messages or emails which a you may send to other users in any 24-hour period, which we deem appropriate at our sole discretion. You understand that we have the right at all times to disclose any information (including the identity of the persons who have provided information or material on the Website) as necessary to satisfy any law, regulation, or valid governmental request. This may include, without limitation, disclosure of the information in connection with the investigation of an alleged illegal activity or its solicitation and/or response to a lawful court order or subpoena. In addition, we can (and you hereby expressly authorized us to) disclose any information about you to law enforcement or other government officials as we, at our sole discretion, deem necessary or appropriate in connection with the investigation and/or resolution of possible crimes, especially those that may involve personal injury. We reserve the right, but have no obligation, to monitor the material posted on the Website. Auquan shall have the right, at its sole discretion, to remove or edit any content that violates or is alleged to violate any applicable law or either the spirit or letter of the Terms and Conditions. Notwithstanding this right, YOU REMAIN SOLELY RESPONSIBLE FOR THE CONTENT OF THE MATERIAL YOU POST ON THE WEBSITE AND IN YOUR PRIVATE MESSAGES. Please be advised that such content posted does not reflect Auquan’s views. In no event shall Auquan assume or have any responsibility or liability for any content posted on the Auquan or claims, damages, or losses resulting from its use and/or appearance of it on the Website. You hereby represent and warrant that you have necessary rights to all the content you provide and all information it contains and that such content shall not infringe any proprietary or other rights of third parties or contain any misleading, libelous, tortious, or otherwise unlawful information.

  8. It is possible that other users (including unauthorized persons or ‘hackers’) may post or transmit offensive or obscene material on the Website and that you may be involuntarily exposed to such material. It is also possible for others to obtain personal information about you due to your use of the Website and use such information to harass or injure you. We do not approve of such unauthorized uses but by using the Website, you acknowledge and agree that we are not responsible for the use of any personal information that you publicly disclose or share with others on the Website. Please carefully select the type of information that you publicly disclose or share with others on the Website.

An attempt to undertake any of the above stated activities mentioned in the list (the list being non exhaustive and can be amended from time to time exclusively by Auquan) might attract the termination of "Your" account on the Website.

Modification of Terms.

We reserve the right to change these Terms and Conditions from time to time without any obligation to inform you and it is your responsibility to look through them as often as possible.

Force Majeure.

In no event will Auquan, its affiliates or suppliers be responsible or liable for any failure or delay in the performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications or computer (software and hardware).


If any clause of this Terms and Conditions shall be deemed invalid, void or for any reason unenforceable, such clause shall be deemed severable and shall not affect the validity and enforceability of the remaining clauses of the Terms and Conditions.

Governing Law.

These Terms and Conditions shall be construed, interpreted and governed by English law. You may be subject to other local, provincial or state and national laws. You hereby irrevocably submit to the exclusive jurisdiction of the laws of England and the courts of England for any dispute arising under or relating to this agreement and waive your right to institute legal proceedings in any other jurisdiction.The laws of any other country shall not apply.

Contacting Us.

If you have any questions or concerns about the Website or the competition, you may contact us at: [email protected]