Draft — pending legal review

These Terms of Service govern your access to and use of the LAC platform, including its cross-market execution infrastructure, data interfaces, and customer workspace. Access is invitation-only; by registering, connecting venues, or consuming Token-metered services, you agree to the provisions set out below.

This document is provided for informational purposes and remains subject to revision following counsel review. For questions regarding these policies, please contact legal@lac.com.

By creating an account, accepting an invitation, or otherwise accessing LAC services, you enter into a binding agreement with the LAC operating entity identified in your onboarding materials. You represent that you are of legal age and capacity in your jurisdiction and that you are not prohibited from using financial or trading infrastructure under applicable law.

LAC operates on an invitation-only basis. We may decline, suspend, or revoke access at our discretion where eligibility criteria, compliance obligations, or risk thresholds are not met. Continued use of the platform constitutes ongoing acceptance of these terms as amended from time to time.

LAC provides quantitative execution infrastructure, connectivity tooling, and operational dashboards across multiple independent market ecosystems. The platform enables clients to configure mandates, route orders, and monitor activity through a unified interface; it does not itself hold client assets except as expressly described in separate custody or wallet documentation.

Service availability, supported venues, and feature modules may vary by membership tier, jurisdiction, and technical readiness. LAC may modify, deprecate, or restrict functionality with reasonable notice where practicable, particularly where required for security, compliance, or market integrity.

Platform usage is metered through Token, LAC's internal unit of consumption. Token is deducted for infrastructure access, data throughput, execution events, and related services according to the pricing schedule published in your workspace or institutional agreement. Top-up, conversion, and reconciliation procedures are described in wallet documentation and are subject to verification controls.

Where you configure execution mandates or delegation parameters, you remain solely responsible for the scope, limits, and counterparties associated with those mandates. LAC processes instructions according to your configuration and applicable technical constraints; Token charges accrue irrespective of trading outcome unless expressly stated otherwise in a written addendum.

You are responsible for maintaining the confidentiality of credentials, API keys, and authentication factors associated with your account. You must promptly notify LAC of any unauthorised access or suspected compromise. You agree to provide accurate registration information and to update it when material changes occur.

You must not use the platform for market manipulation, sanctions evasion, unauthorised automated access, or any activity that violates exchange rules, applicable regulation, or third-party terms governing connected venues. You bear full responsibility for compliance with tax, reporting, and licensing obligations in your jurisdiction.

LAC provides infrastructure and execution tooling only. Nothing on the platform, in documentation, or in communications from LAC personnel constitutes investment, legal, tax, or financial advice, nor a recommendation to enter any transaction. Research outputs, backtests, and analytics are provided for operational context and do not guarantee future performance.

To the maximum extent permitted by law, LAC and its affiliates disclaim liability for indirect, incidental, or consequential losses arising from platform use, venue outages, latency, data errors, or trading losses. Aggregate liability for direct damages is limited to Token fees paid by you in the twelve months preceding the claim, except where limitation is prohibited by applicable law.

Either party may terminate access upon written notice where permitted under your institutional agreement or, for standard accounts, through the account closure workflow. Upon termination, outstanding Token balances, open mandates, and data export rights are handled according to wallet and privacy policies; certain records may be retained for compliance purposes.

These terms are governed by the law specified in your onboarding or master agreement, or otherwise by the jurisdiction of the contracting LAC entity. Disputes shall first be addressed through good-faith negotiation; where arbitration or court jurisdiction is specified in a signed addendum, those provisions prevail over this general statement.