Terms & Conditions

Terms & Conditions

Terms and Conditions Regarding Your Use of This Website.

Your use of this Website (“Website”) signifies your acceptance of all of our terms and conditions and privacy policies described below, and otherwise contained on or referenced in this Website (“Agreement”). If you do not agree to this Agreement, you are not authorized to access and use the Website. We reserve the right to modify this Agreement at any time without prior notice to you. You should review this Agreement whenever you use the Website. Your use of the Website following any modification to this Agreement will constitute your acceptance of the Agreement, as modified.

For the purposes of this Agreement, we refer to BOX Exchange LLC and its subsidiaries and affiliates, as “BOX.” In addition, the terms “we,” “us,” and “our” refer to BOX.

1. General Legal Information

This Website is for informational and educational purposes only. None of the information contained in this Website constitutes a solicitation, offer, opinion or recommendation by BOX to buy or sell any securities or other financial instruments or to provide legal, tax, accounting or investment advice or services regarding the suitability or profitability of any security or investment. BOX has not made any recommendations regarding the merit of any company identified on the Website, made any recommendation regarding the purchase or sale of any security, or endorsed or sponsored any company identified on the Website. Advice from a securities professional is strongly advised.

2. Representations

You represent, warrant and covenant that: (a) you have read, understand and agree to be bound by these Terms and Conditions of Use; (b) you acknowledge and assent to the Privacy Policy for the Website set forth below; (c) you have the power, competence and authority to accept this Agreement; (d) you are at least eighteen (18) years old; (e) you shall not use any rights granted hereunder for any unlawful purpose; and (f) you shall use the Website only as set forth in this Agreement; (g) your use of the Website is subject to all applicable international, federal, state, and local laws; and (h) you will not interfere with or disrupt the Website or networks connected to the Website.

3. Proprietary Rights

This Website, as well as the design of, content, text, all real-time and other information, any software programs available on or through the Website, photographs, images, audio and video, graphics contained on the Website (“Materials”) is protected by copyright, trademark, service mark, patent, trade secret and other proprietary rights and laws of the United States and other countries. You acknowledge and agree to comply with all applicable intellectual property laws and other laws, as well as any additional notices or restrictions contained on the Website. Unauthorized use of this Website and the Materials contained in this Website may violate applicable copyright, trademark, patent or other intellectual property laws or other laws. The copyrights, trademarks, service marks and any other proprietary Material displayed in this Website are registered and common law copyrights, trademarks, service marks and proprietary material of BOX and various third parties. Nothing contained in this Website should be construed as granting, by implication, estoppel or otherwise, any license or right to use any of the Materials or proprietary material without the express written consent of BOX or such other party as may own the proprietary rights.

4. Copyright Notice.

The Materials are owned, licensed or controlled by BOX or the party credited as the owner, licensor or provider of such Materials (“Third-Party Providers”). Except as specifically permitted by this Agreement, any use of the Materials contained or provided through this Website is strictly prohibited. Notwithstanding the foregoing, you may view, print and download a single, unaltered, permanent copy or one temporary copy in a single computer’s memory of the Materials for your personal noncommercial use, provided you maintain all copyright, trademark and other notices contained on the Materials. You may not otherwise copy, reproduce, alter, store — either in hard copy or in an electronic retrieval system — license, transmit, display, broadcast, create a derivative work from, publish, rent, sublicense, distribute or otherwise use in whole or in part in any other manner the Materials without our prior written consent, except to the extent that such use constitutes “fair use” under the “Copyright Act of 1976,” as amended from time to time. Request for such consent must be made in writing to BOX. Certain Third-Party Providers impose additional terms and conditions of use set forth elsewhere herein. Your use of Materials from those Third-Party Providers is also subject to those terms and conditions of use.

5. Disclaimers

DUE TO THE NUMBER OF SOURCES FROM WHICH THE MATERIALS ARE OBTAINED, AND THE INHERENT HAZARDS OF ELECTRONIC DISTRIBUTION, THERE MAY BE DELAYS, OMISSIONS, ERRORS OR INACCURACIES IN THE MATERIALS, AND ALTHOUGH THE MATERIALS PROVIDED ON THE WEBSITE HAVE BEEN OBTAINED FROM SOURCES BELIEVED TO BE RELIABLE, THEY ARE PROVIDED TO YOU ON AN “AS IS” BASIS WITHOUT WARRANTIES OF ANY KIND. BOX, ITS OFFICERS, DIRECTORS, MEMBERS, EMPLOYEES, AFFILIATES, SUBSIDIARIES, AGENTS, THIRD-PARTY PROVIDERS, LICENSORS, LICENSEES AND THEIR RESPECTIVE ASSIGNS CANNOT AND DO NOT MAKE ANY REPRESENTATIONS AND, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, HEREBY DISCLAIM WITH RESPECT TO THIS WEBSITE, AND THE MATERIALS, ALL WARRANTIES, EITHER EXPRESSED, IMPLIED, OR STATUTORY TO YOU AND/OR ANY THIRD PARTY, INCLUDING, BUT NOT LIMITED, TO WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, ACCURACY, TIMELINESS, COMPLETENESS, CURRENTNESS, RELIABILITY, NON-INFRINGEMENT, OR ANY REPRESENTATIONS OR WARRANTIES ARISING FROM USAGE OR CUSTOM OR TRADE OR BY OPERATION OF LAW.

ACCORDINGLY, IN NO EVENT SHALL BOX, ITS OFFICERS, DIRECTORS, MEMBERS, EMPLOYEES, AFFILIATES, SUBSIDIARIES, AGENTS, THIRD-PARTY PROVIDERS, LICENSORS, LICENSEES, AND THEIR RESPECTIVE ASSIGNS BE RESPONSIBLE OR LIABLE TO YOU OR ANY THIRD PARTY FOR ANY DAMAGES OF ANY KIND, INCLUDING, BUT NOT LIMITED TO DIRECT, INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL, PUNITIVE, LOST PROFITS OR LOST OPPORTUNITIES, WHETHER OR NOT BOX HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES FOR (i) ANY ERRORS OR OMISSIONS IN THE MATERIALS OR OTHER RESOURCES AND DOCUMENTS WHICH ARE REFERENCED BY OR LINKED TO THE MATERIALS; (ii) ANY DELAYS, ERRORS OR INTERRUPTIONS IN THE TRANSMISSION OF ANY INFORMATION; OR (iii) LOSS OR DAMAGE ARISING THEREFROM OR OCCASIONED THEREBY, OR BY ANY REASON OF NONPERFORMANCE. THE FOREGOING SHALL APPLY REGARDLESS OF WHETHER A CLAIM ARISES IN CONTRACT, TORT, NEGLIGENCE, STRICT LIABILITY OR OTHERWISE.

The Materials in this Website have been prepared for informational and/or educational purposes only without regard to any particular user’s investment objectives, financial situation or means. Neither BOX, the Third Party Providers, nor any of their respective affiliates, officers, directors, employees, agents or licensors are soliciting any action based on it. The Materials in this Website are not to be construed as a recommendation or offer to buy or sell or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy in any jurisdiction in which such an offer or solicitation, or trading strategy would be illegal. PLEASE SEEK THE ADVICE OF PROFESSIONALS, AS APPROPRIATE, REGARDING THE EVALUATION OF ANY SPECIFIC SECURITY, INDEX, REPORT, OPINION, ADVICE OR OTHER CONTENT.

6. Options Disclaimer

Options involve risk and are not suitable for all investors. Prior to buying or selling an option, a person must receive a copy of Characteristics and Risks of Standardized Options (“ODD”). Copies of the ODD are available from your broker, by calling 1-888-OPTIONS, or from The Options Clearing Corporation, One North Wacker Drive, Suite 500, Chicago, Illinois 60606. The information on the Website is provided solely for general education and information purposes and therefore should not be considered complete, precise, or current. Many of the matters discussed are subject to detailed rules, regulations, and statutory provisions which should be referred to for additional detail and are subject to changes that may not be reflected in the Website. BOX assumes no responsibility for any errors or omissions in the Website. No statement within the Website should be construed as a recommendation to buy or sell a security or to provide investment advice. The inclusion of non-BOX advertisements on the Website should not be construed as an endorsement or an indication of the value of any product, service, or website.

7. Indemnification

You agree, at your expense, to indemnify, defend and hold harmless BOX, its officers, directors, members, employees, affiliates, subsidiaries, agents, third party providers, licensors, licensees and their respective assigns from any and all claims, suits, actions, or other proceedings based on or arising in connection with the Website or any links on the Website, including, but not limited to: (a) a violation of the Terms and Conditions of Use by you or any other person using your computer (or account); (b) your use of the Website; (c) a claim that any use of the Website by you or any other person using your computer infringes any intellectual property rights of any third party, or any right of publicity or privacy, is libelous or defamatory, or otherwise results in injury or damage to any third party; (d) any deletions, additions, insertions or alterations to, or any unauthorized use of, the Website by you or any other person using your computer; (e) any misrepresentation or breach of representation or warranty made by you contained herein; or (f) any breach of any covenant or agreement to be performed by you hereunder. BOX’s cooperation in such defense is made without waiver of any attorney-client, work-product, or other legal privileges. You agree to be responsible and liable for any and all costs, damages and expenses, including, but not limited to, reasonable attorneys’ fees and costs awarded against or otherwise incurred by or in connection with or arising from any such claim, suit, action or proceeding attributable to any such claim.

8. Links to Third-Party Sites

This Website may contain links to certain Internet websites developed, sponsored or maintained by third parties. Should you leave this Website via a link contained herein, the content you view therein is not provided or controlled by BOX. BOX is not responsible for that content, nor has it developed, checked for accuracy or otherwise reviewed the content or privacy policy of any such third-party websites. By providing access to the linked websites, neither BOX nor its Third-Party Providers are recommending the purpose or sale of the stock or endorsing the services provided by the sponsoring organization of those websites. BOX makes no guarantees, representations or warranties as to, and shall have no liability for, any electronic content delivered by any third party, including, without limitation, the accuracy, subject matter, quality or timeliness of any electronic content, or the use of any personal information you provide to any such website. BOX reserves the right in its sole discretion to discontinue links to any other sites at any time and for any reason. BOX provides links to other websites solely as a convenience to its users, and the inclusion of any link does not imply endorsement by BOX of the third party or the third-party’s website. Your use of such links is entirely at your own risk. BOX prohibits caching, unauthorized hypertext links by others to the Website and the framing of any Materials available on its Website. BOX reserves the right to disable any unauthorized links or frames and disclaims any responsibility for the content available on any other site reached by links to or from this Website.

9. Termination

Either you or BOX may terminate the Terms and Conditions of Use with or without cause at any time and effective immediately. You may terminate the Terms and Conditions of Use by discontinuing the use of the Website and destroying all Materials obtained from the Website. These Terms and Conditions of Use will terminate immediately without notice from BOX if BOX determines that you have failed to comply with any provision of these Terms and Conditions of Use. BOX reserves the right to seek all remedies available at law and in equity for your violation of these Terms and Conditions of Use. Upon termination by you or upon notice of termination by BOX, you must destroy promptly all Materials obtained from the Website. Sections two through eight (2 – 8) and ten through twelve (10 – 12) shall survive any termination of the Terms and Conditions of Use.

10. Governing Law

The Terms and Conditions of Use shall be governed and construed in accordance with the laws of the United States and the Commonwealth of Massachusetts, without giving effect to conflicts of law principles thereof. You agree to submit to the personal jurisdiction of the state and federal courts located in Suffolk County in the Commonwealth of Massachusetts with respect to any legal proceedings that may arise in connection with the Website or from a dispute as to the interpretation or breach of the Terms and Conditions of Use.

11. Severability

If any provision of the Terms and Conditions of Use is found invalid or unenforceable, that provision will be enforced to the maximum extent permissible, and the other provisions of these Terms and Conditions of Use will remain in force.

12. Entire Agreement

The Terms and Conditions of Use and any other BOX terms and conditions for use of the Website, and its successor Websites, constitute the entire agreement between you and BOX and govern your use of the Website.

For information regarding the Website or these Terms and Conditions please send your inquiry to: [email protected] if via electronic mail to or to BOX Exchange LLC, 141 W. Jackson Blvd, Suite 280 Chicago, IL 60604.

13. Privacy Policy

We understand that the privacy and security of your personal and account information is important to you, and we follow confidentiality standards that are designed to protect your personal information. The following information details how we use and protect your personal information. Please read this Privacy Policy carefully.

Notice of Changes. BOX reserves the right to change or update this Privacy Policy for use of the Website at any time. Any changes or updates will be effective immediately upon posting to the Website. You are bound by any such revisions and should therefore periodically visit this page to review the current Privacy Policy. If at any time you choose not to accept the terms of this Privacy Policy, you should not use this Website.

Information Collection. Users can visit the Website anonymously without providing any personal information. There are cases where users may be asked for personal information. In addition, personal information is requested if you voluntarily register to receive additional information about BOX. Our voluntary registration requests personal information such as name, mailing address and/or email address. Registered Users have certain “opt-out” choices which are described in the Choice/Opt-Out section below.

  1.  We do not sell customer (current or former) information to third parties. Any information shared by us is done so to fulfill our legal and regulatory requirements or to provide you with the products and services you have requested. We require all third parties with whom we share your information to agree to keep it confidential.

We share selected information under certain conditions: (1) we share information as part of normal business operations and as part of normal custodial, legal and/or regulatory purposes required by our service partners, the Internal Revenue Service, the Securities and Exchange Commission, and other regulatory and government entities; (2) we may share information with affiliates; (3) we may share limited demographic information with third parties who keep that information confidential to assist us with business and marketing analysis; (4) we may share “opt-out” email addresses with third parties who send communications to their own lists on our behalf in order that they may suppress the opt-out addresses; or (5) we may retain a service to contact opt-in customers on our behalf to perform satisfaction analysis.

  1.  BOX shall exercise reasonable precautions to safeguard and secure all information provided by users in connection with accessing this Website. The Website has security measures in place that help to protect against the loss, misuse and alteration of the information under our control. Although we take proper measures to safeguard against unauthorized disclosures of information and because such information can be accessed through the Internet, no assurances can be provided to users that personally identifiable information that we collect will never be disclosed in a manner that is inconsistent with this Privacy Policy.
  2.  A cookie is a piece of data stored on your computer. Usage of a cookie is not linked to any personal information while on our Website. Cookies are used for many reasons; we may use cookies as a part of the functioning of our Website, and in the event that you refuse to accept cookies, functioning may be impaired. We may also employ software to help us track a visitor’s progress in order to improve our Website and your experience.

Logged Files. The Website logs IP addresses and browser types for administration purposes. Such logs will be reviewed in order to improve the materials and content available on the Website.

Policies for Children. BOX does not knowingly collect or use any personal information from users under 13 years of age. No information should be submitted to this Website by guests under 13 years of age.

Links to Third-Party Websites and Framing. For the user’s convenience, the Website provides links to other external websites. The listing of a link by BOX should not be construed as a sponsorship, endorsement or approval of such websites, their content, or as an indication of the value of any claims, recommendations or other information contained therein. It is strongly advised that a qualified investment professional be consulted prior to engaging in any transactions. Users should be aware that the BOX has no control over any linked website and is not responsible for the contents or privacy practices of any linked website or any link on a linked website. BOX urges our users to be aware when they exit the Website and to carefully read the privacy policy of each website that collects user identifiable information. The Website Privacy Policy is applicable only to information collected by the Website.

Choice/Opt-Out. If you choose to update or delete personal information previously provided, BOX will endeavor to correct, update or remove the personal information from our database. You can do this by contacting us at the contact points specified below.

If you prefer not to receive traditional mail or other off-line promotions from BOX or from organizations with which BOX has a direct or indirect business relationship, please email [email protected]. Please include your full name and mailing address.

To remove yourself from any BOX email lists, please email [email protected]. To unsubscribe by postal mail, please write to BOX Exchange LLC, 141 W. Jackson Blvd, Suite 280 Chicago, IL 60604. If you have any questions, please email [email protected].

Special Cases. BOX reserves the right to disclose user information in special cases, when we have reason to believe that disclosing this information is necessary to identify, contact or bring legal action against someone who may be causing injury or interference with (either intentionally or unintentionally) our rights or property, other Website users, or anyone else that could be harmed by such activities. We may also disclose personal information without notice to you in response to a subpoena, or when requested from a United States government regulatory body or law enforcement agency, when we believe in good faith that the law requires it or to respond to any emergency situation.