These Terms of Service (“Terms”) govern your access to and use of the Hyperfeed service (the “Service”), operated by Data Gateway LLC (“Hyperfeed”, “we”, “us”, or “our”). By creating an account, issuing an API key, or otherwise accessing the Service, you (“Customer” or “you”) agree to these Terms.
By accessing or using the Service, you acknowledge that you have read, understood, and agree to be bound by these Terms. If you are entering into these Terms on behalf of an organization, you represent that you have authority to bind that organization, and “you” refers to that organization. If you do not agree, you may not use the Service.
Hyperfeed provides a structured event API that delivers machine-readable events about public companies, regulators, courts, activists, short sellers, exchanges, and other market participants. The underlying source materials include public filings and other publicly available documents, which Hyperfeed curates, normalizes, deduplicates, and annotates before delivering them as typed event objects via HTTP API and webhooks. The Service is made available under the domains hyperfeed.io and api.hyperfeed.io.
You are responsible for maintaining the confidentiality of your account credentials and API keys, and for all activity that occurs under your account. You must promptly notify us of any unauthorized use of or access to your account.
API keys are issued for use by a single organization. You may not share, resell, or transfer API keys between separate legal entities or organizations without our prior written consent. We may suspend keys we reasonably believe have been compromised or shared in violation of these Terms.
Subject to your compliance with these Terms and payment of applicable fees, Hyperfeed grants you a limited, non-exclusive, non-transferable, non-sublicensable, revocable license to access and use the event data delivered through the Service (the “Event Data”) for your internal business purposes.
You may incorporate Event Data into your own internal analytics, models, reports, and published insights derived from the Event Data, provided that those downstream works substantially transform the Event Data and do not reconstitute the raw event feed. You may not, directly or indirectly, redistribute, resell, sublicense, syndicate, or make available the raw event feed (in bulk or otherwise) as a product, data feed, or service without a separate written commercial redistribution license from Hyperfeed.
Nothing in this license grants you any right to use Hyperfeed's trademarks, logos, or brand elements.
The underlying source documents (such as SEC filings) are public. However, the curation layer that Hyperfeed applies on top of those sources is proprietary. This includes, without limitation, Hyperfeed's normalized entity identity model, deduplication logic and resolver decisions (including any resolver_decision_id), the assertion_type and confirmation_level taxonomies, event family taxonomies, deeplink URL schemes, schemas, identifiers, selection, arrangement, and presentation of the Event Data, and all software, documentation, and know-how related to the Service. All such materials are the intellectual property of Hyperfeed and are protected by applicable intellectual property laws. All rights not expressly granted to you are reserved.
The Service does not include CUSIP values or other identifiers licensed by CUSIP Global Services. You agree that you will not attempt to derive, reverse-engineer, reconstruct, or infer CUSIP values from the Event Data or by combining the Event Data with other sources.
If you independently license third-party identifiers (including but not limited to CUSIP, ISIN, SEDOL, or other vendor-licensed identifiers) and combine them with the Event Data for internal use, you are solely responsible for complying with the third-party license terms. You may not redistribute or make available any such third-party-licensed identifiers alongside or as part of any redistribution or republication derived from the Event Data.
You agree to use the Service only for lawful purposes and in accordance with these Terms. Without limiting the foregoing, you agree not to:
Paid plans are billed as monthly subscriptions and auto-renew each month until cancelled. Fees are charged in advance and are non-refundable except as expressly required by law. Payments are processed by Stripe, Inc.; by subscribing, you also agree to Stripe's applicable terms. You are responsible for all applicable taxes, duties, and similar governmental assessments (other than taxes on our net income). We may change our fees on at least 30 days' prior notice; continued use after the change constitutes acceptance of the new fees.
Either party may terminate these Terms for convenience on 30 days' prior written notice. We may also suspend or terminate your access to the Service immediately if you fail to pay fees when due, materially breach these Terms, or if continuing to provide the Service would, in our reasonable judgment, expose us to legal liability.
Upon termination, your license to access and use the Event Data ends, and you must cease all use of the Service. Provisions of these Terms that by their nature should survive termination (including intellectual property, disclaimers, limitation of liability, indemnification, and governing law) will survive.
THE EVENT DATA IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE INVESTMENT, LEGAL, TAX, OR OTHER PROFESSIONAL ADVICE. HYPERFEED IS NOT A REGISTERED INVESTMENT ADVISER, BROKER-DEALER, OR FIDUCIARY. NOTHING IN THE SERVICE IS A RECOMMENDATION TO BUY, SELL, OR HOLD ANY SECURITY. YOU ARE SOLELY RESPONSIBLE FOR ANY TRADING, INVESTMENT, OR BUSINESS DECISION YOU MAKE AND FOR ANY RESULTING GAINS OR LOSSES.
THE SERVICE IS PROVIDED “AS IS” AND “AS AVAILABLE” WITHOUT WARRANTIES OF ANY KIND, WHETHER EXPRESS, IMPLIED, OR STATUTORY. HYPERFEED SPECIFICALLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, NON-INFRINGEMENT, UPTIME, COMPLETENESS, ACCURACY, AND TIMELINESS. HYPERFEED DOES NOT WARRANT THAT THE SERVICE WILL BE UNINTERRUPTED, ERROR-FREE, OR FREE OF HARMFUL COMPONENTS.
TO THE MAXIMUM EXTENT PERMITTED BY LAW, HYPERFEED'S AGGREGATE LIABILITY ARISING OUT OF OR RELATING TO THESE TERMS OR THE SERVICE WILL NOT EXCEED THE AMOUNTS PAID BY YOU TO HYPERFEED FOR THE SERVICE IN THE TWELVE (12) MONTHS IMMEDIATELY PRECEDING THE EVENT GIVING RISE TO THE CLAIM.
IN NO EVENT WILL HYPERFEED BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, EXEMPLARY, OR PUNITIVE DAMAGES, OR FOR ANY LOSS OF PROFITS, REVENUE, DATA, GOODWILL, OR TRADING LOSSES, EVEN IF HYPERFEED HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
You will defend, indemnify, and hold harmless Hyperfeed and its officers, directors, employees, and agents from and against any claims, damages, liabilities, costs, and expenses (including reasonable attorneys' fees) arising out of or related to your misuse of the Service, your breach of these Terms, or your violation of any law or third-party right.
We may update these Terms from time to time. For material changes, we will provide at least 30 days' prior notice by email to your account address and/or via a banner in the customer dashboard. Continued use of the Service after the effective date of the updated Terms constitutes acceptance of the changes. If you do not agree to the updated Terms, your sole remedy is to stop using the Service and cancel your subscription.
These Terms are governed by the laws of the State of Delaware, excluding its conflict-of-laws rules. Any dispute arising out of or relating to these Terms or the Service that cannot be resolved informally will be resolved by final and binding individual arbitration administered by the American Arbitration Association under its Commercial Arbitration Rules. The seat of arbitration will be Delaware, and the arbitration will be conducted in English.
YOU AND HYPERFEED EACH WAIVE ANY RIGHT TO A JURY TRIAL AND ANY RIGHT TO PARTICIPATE IN A CLASS, COLLECTIVE, OR REPRESENTATIVE ACTION. CLAIMS MUST BE BROUGHT IN YOUR OR OUR INDIVIDUAL CAPACITY, AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS OR REPRESENTATIVE PROCEEDING.
Notwithstanding the foregoing, either party may seek injunctive or other equitable relief in any court of competent jurisdiction to protect its intellectual property rights.