The client/subscriber will have seven days to make the monthly maintenance fee payment, failure to do so will result in termination of the lease agreement and subscription. It is at this point the client/subscriber indicate whether they will pay the maintenance fee and continue their subscription or discontinue and cancel. On the last trading day of your lease-period expiration, the client/subscriber will be sent, via email, the invoice for the monthly maintenance fee amount to be paid which will be calculated from the client/subscribers’ profit and loss statement. The subscription is not pro-rata, and the expiration date will align with the original expiration date of your first contract live traded. You can trade up-to 40 futures contracts per system (negotiated fee will be charged for every contract after 40), this will be charged for the month as soon as you trade live with increased position size. If Proteryx deems a system performance has deteriorated, they can withdraw the system without notice to Client/subscriber. To complete your licensing, please sign this electronic form and send it back to us.
(Multicharts/Tradestation is not required to license or to trade the systems, although it is highly recommended.) Depending on the option chosen by the client/subscribers, these materials will be installed on the client/subscribers VPS or sent to a 3rd party FCM/Broker upon receipt of this signed agreement & payment. The files are read-only with no open source and hence you can only modify specific inputs, e.g. Materials include the complete system signals/indicators for Multicharts/Tradestation files.
Prices are subject to change without notice, and all license fees are non-refundable. TERMS & CONDITIONS Proteryx – LICENSING FORM AND AGREEMENT
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