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Questions

If something here is unclear, or your question isn't answered, email us and we'll answer it in writing before you commit to anything.

What this is

What exactly am I buying?

A written rule document describing the logic in full, the source code that implements it, the historical testing records, and a parameter sheet. Alongside that, an executed Deed of Assignment transferring the copyright in that material to you under the Copyright Act, 1957. You are buying intellectual property outright. You are not subscribing to a service and there is nothing to renew.

Is this investment advice?

No. We sell software and documentation. We do not tell you what to trade, when to trade it, or how much capital to deploy. We do not manage money, hold client funds, publish research reports, or send trading signals. We are not registered with SEBI as a research analyst, investment adviser, portfolio manager or in any other capacity, and we do not carry on any activity that requires such registration.

Will you run the strategy for me?

No. We do not execute, deploy, monitor or operate anything on your behalf, and we do not connect to your broker account. Deployment is entirely yours, through whatever broker and infrastructure you choose.

Do you charge a share of profits, or a monthly fee?

Neither. There is a single price for a single transfer of ownership. We take no share of what you make or lose, and there is no ongoing relationship to pay for.

What does "sold once" actually mean?

Each system is sold to one buyer. On completion the listing is removed from this website permanently and the copyright is assigned to the buyer. We do not sell it again, in whole or in part, and we do not offer a renamed or lightly altered version of the same logic.

Do you keep trading the system after you sell it?

No. Once a system is sold we stop using it. The Deed of Assignment transfers the copyright to you and we give a written undertaking not to deploy, licence, sell or distribute that system, in whole or in part, to anyone else. You decide who uses it from that point, including whether you licence it onward.

We retain one archival copy, not for trading, so that we can evidence what was delivered if a dispute ever arises. We also retain the general methods, know-how and experience used to build it, which we go on using in other work — what transfers to you is this system, not the ability to write trading logic.

Performance and testing

Why aren't there any returns on this website?

Two reasons. Publishing performance figures to the general public is the kind of activity that attracts regulation, and we are deliberately staying well clear of that line. More practically, a return figure without the assumptions behind it is meaningless. The assumptions are written up in full on How we test. You get the complete record, including the bad periods, once an NDA is in place.

Is the track record live or simulated?

Simulated on historical data unless we tell you otherwise in writing for a specific system. We will not describe a backtest as live trading, and if any part of a record comes from live execution we will identify exactly which part and over what period.

What costs are included in the testing?

Brokerage, exchange transaction charges, STT, stamp duty, GST and an explicit slippage assumption. The slippage figure used is stated plainly in the disclosure so you can judge whether it is realistic for your own execution, or substitute your own and re-run it.

Can I test it myself before buying?

Yes, and we encourage it. After the NDA you receive enough of the rule specification to reproduce the logic independently. Buyers who verify the results themselves are the buyers we want.

What happens if it stops working after I buy it?

You own it, and the risk is yours. We make no warranty that any system will be profitable in future, and no part of the price is refundable on the basis of trading outcomes. That is the nature of buying intellectual property outright rather than subscribing to a service.

Buying

How much capital do I need?

It varies by system, and the margin requirement for each is confirmed in the disclosure. Margin is set by the exchange and clearing corporation, not by us, and can change.

What is the process, start to finish?

Enquiry, mutual NDA, full disclosure of the testing record, a review call walking through the rules and one sample period trade by trade, written terms, part payment to reserve, then delivery with the executed deed.

Can I see the code before I pay?

You see the complete rule specification and the testing record under NDA, which is enough to judge the logic and reproduce it. Source code is delivered on completion, together with the assignment.

Is there a refund?

Once the testing record and rule specification have been disclosed, no. The disclosure is the product; it cannot be returned once seen. Anything paid before disclosure is refundable in full. This is set out in the Terms.

How is the copyright actually transferred?

By a written Deed of Assignment under section 19 of the Copyright Act, 1957, signed by both parties and stamped. We recommend you have your own lawyer review it. Registration with the Copyright Office is optional and can be done by you afterwards.

Will you build or test something of my own?

Yes — see Build and test. You bring the rules; we write and test the code, or test a strategy you already have, for a fixed quote. Ownership of anything we build for you is assigned to you. If we think an idea cannot be specified mechanically or tested honestly, we will say so rather than take the work.

About us

Who is behind this?

An independent developer working on systematic index options logic, with a small number of contractors brought in per project under written agreements. Contracts and deeds are signed personally, and you will know exactly who you are contracting with before any NDA is signed or any money moves.

Why sell it instead of trading it?

Capital. Logic that works at one size does not always work at another, and a system that suits a larger book than we run is worth more to someone who can deploy it than to us.

Who is this not for?

Anyone looking for signals to follow, anyone who wants someone else to manage the trading, anyone who cannot withstand a long losing stretch without abandoning the rules, and anyone who would be deploying capital they cannot afford to lose. If any of those describe you, this is the wrong product and we would rather say so now.