Last updated: 26 September 2025
These Terms of Use explain how you can use AIQ Markets, including AIQ Insight™ and our AI-powered tools for fixed-income markets. If you use our services, you agree to these terms.
We use trusted third parties to run and improve the service. Examples include:
We may engage other trusted processors and may change them over time.
We (and our licensors) own the service, software, models, and content we provide. Using the product doesn’t give you ownership of our IP. You may use it only as needed to access the service for your internal business purposes.
The service is provided "as is". We don't promise it will be uninterrupted, error‑free, or fit for your particular use. Market data and AI outputs can be wrong or delayed.
We work hard to keep the service reliable, but it may not be perfect. To the extent the law allows, we are not responsible for indirect losses (like lost profits or data). Our total liability is limited to the fees you paid in the last 12 months.
You'll reimburse us for losses and costs (including reasonable legal fees) arising from your unlawful use of the service, breach of these terms, or infringement of third‑party rights, to the extent caused by you.
Either of us may end your access at any time. We may suspend or terminate immediately for misuse or non‑payment. After termination, your right to use the service ends; sections that reasonably should survive will continue to apply.
We may update these terms by posting a new version on this page. The "Last updated" date will change. Continued use of the service means you accept the updated terms.
The Individual plan is intended for personal, non‑commercial use. When using FINRA TRACE data under this plan, you agree to the following provider terms:
I hereby certify, for the purpose of using the Trade Reporting and Compliance Engine (TRACE) Data ("Data") supplied by Financial Industry Regulatory Authority, Inc. ("FINRA") that I am accessing via this service or website, that I am using the Data for personal, non-commercial purposes only.
I understand that FINRA may be provided records regarding my access to the data to monitor compliance with these Terms of Use and that my access to this Data may be terminated at any time for any reason.
I agree that, as between FINRA and myself, FINRA owns the Data and that I will not: 1) duplicate or download the Data, other than for my own personal individual use; 2) use any robot, spider, other automatic device or manual process to monitor or copy the Data; or 3) otherwise distribute the Data.
Non‑Professional definition (FINRA Rule 7730):
We license premium, enterprise‑grade market data so you can access expensive, proprietary datasets directly within AIQ—without negotiating separate contracts. To keep that access for everyone, we must pass through certain provider terms.
In short: use the data for your internal business purposes, don't redistribute it, and follow the provider rules. The specific terms below apply where relevant to your use.
By accessing or using TRACE data within AIQ Markets, you acknowledge that you have read, understand, and agree to be bound by the FINRA Subscriber Agreement (v7.2), which is incorporated by reference into these Terms. If you do not agree, do not use TRACE data in the service.
Agreement: FINRA Subscriber Agreement (v7.2).
Subscriber agrees and acknowledges that the CUSIP Database and the information contained therein is and shall remain valuable intellectual property owned by, or licensed to, CUSIP Global Services ("CGS") and the American Bankers Association ("ABA"), and that no proprietary rights are being transferred to Subscriber in such materials or in any of the information contained therein. Any use by Subscriber outside of the clearing and settlement of transactions requires a license from CGS, along with an associated fee based on usage. Subscriber agrees that misappropriation or misuse of such materials will cause serious damage to CGS and ABA, and that in such event money damages may not constitute sufficient compensation to CGS and ABA; consequently, Subscriber agrees that in the event of any misappropriation or misuse, CGS and ABA shall have the right to obtain injunctive relief in addition to any other legal or financial remedies to which CGS and ABA may be entitled.
Subscriber agrees that Subscriber shall not publish or distribute in any medium the CUSIP Database or any information contained therein or summaries or subsets thereof to any person or entity except in connection with the normal clearing and settlement of security transactions. Subscriber further agrees that the use of CUSIP numbers and descriptions is not intended to create or maintain, and does not serve the purpose of the creation or maintenance of, a master file or database of CUSIP descriptions or numbers for itself or any third party recipient of such service and is not intended to create and does not serve in any way as a substitute for the CUSIP MASTER, DATABASE, INTERNET, ELECTRONIC Services and/or any other future services developed by CGS.
NEITHER CGS, ABA NOR ANY OF THEIR AFFILIATES MAKE ANY WARRANTIES, EXPRESS OR IMPLIED, AS TO THE ACCURACY, ADEQUACY OR COMPLETENESS OF ANY OF THE INFORMATION CONTAINED IN THE CUSIP DATABASE. ALL SUCH MATERIALS ARE PROVIDED TO SUBSCRIBER ON AN "AS IS" BASIS, WITHOUT ANY WARRANTIES AS TO MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE NOR WITH RESPECT TO THE RESULTS WHICH MAY BE OBTAINED FROM THE USE OF SUCH MATERIALS. NEITHER CGS, ABA NOR THEIR AFFILIATES SHALL HAVE ANY RESPONSIBILITY OR LIABILITY FOR ANY ERRORS OR OMISSIONS NOR SHALL THEY BE LIABLE FOR ANY DAMAGES, WHETHER DIRECT OR INDIRECT, SPECIAL OR CONSEQUENTIAL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. IN NO EVENT SHALL THE LIABILITY OF CGS, ABA OR ANY OF THEIR AFFILIATES PURSUANT TO ANY CAUSE OF ACTION, WHETHER IN CONTRACT, TORT, OR OTHERWISE, EXCEED THE FEE PAID BY SUBSCRIBER FOR ACCESS TO SUCH MATERIALS IN THE MONTH IN WHICH SUCH CAUSE OF ACTION IS ALLEGED TO HAVE ARISEN. FURTHERMORE, CGS AND ABA SHALL HAVE NO RESPONSIBILITY OR LIABILITY FOR DELAYS OR FAILURES DUE TO CIRCUMSTANCES BEYOND THEIR CONTROL.
Subscriber agrees that the foregoing terms and conditions shall survive any termination of its right of access to the materials identified above.
In the event Subscriber has a CGS License Agreement that permits broader rights than those granted above, then the terms of that Subscriber's CGS License Agreement shall govern such Subscriber.
These terms are governed by the laws of the State of New York, USA, without regard to conflicts rules. Courts in New York County, New York have exclusive jurisdiction.
AIQ Markets
Email: legal@aiqmarkets.com
Address: New York, NY, United States