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Terms & Conditions

Last updated: March 27, 2026  ·  Echelon Quantitative Inc. — A Delaware Corporation
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1. Acceptance of terms 2. Services 3. xNAV disclaimer 4. Accounts & access 5. Subscriptions & billing 6. Intellectual property 7. Prohibited use 8. Disclaimers 9. Limitation of liability 10. Indemnification 11. Termination 12. Governing law 13. Contact

1. Acceptance of terms

By accessing or using the Echelon Quantitative platform at echelonquantitative.com (the "Platform"), you agree to be bound by these Terms & Conditions ("Terms"). If you do not agree to these Terms in their entirety, you may not access or use the Platform.

These Terms constitute a legally binding agreement between you and Echelon Quantitative Inc., a Delaware corporation with its principal place of business in New York, NY ("Echelon," "we," "us," or "our"). We reserve the right to modify these Terms at any time. Continued use of the Platform following notice of any modification constitutes your acceptance of the revised Terms. Where a change is material, we will provide at least 14 days' advance notice by email or prominent notice on the Platform.

2. Description of services

Echelon Quantitative Inc. provides an intraday estimated net asset value platform ("xNAV") for mutual funds, together with related analytics, attribution data, fund screening tools, and API access (collectively, the "Services"). Services are offered across multiple subscription tiers, including a free tier and paid Premium tiers described on our Pricing page.

We reserve the right to modify, suspend, or discontinue any aspect of the Services at any time with or without notice. Echelon shall not be liable to you or any third party for any modification, suspension, or discontinuation of any Service.

3. xNAV data disclaimer

xNAV values are estimates only and are not official fund valuations. The intraday net asset values published on the Platform are calculated using proprietary models and publicly available market data. They are not calculated, endorsed, sponsored, or verified by any fund manager, fund administrator, custodian, or regulatory body.

xNAV estimates may differ — sometimes materially — from the official end-of-day NAV published by any fund. You agree that xNAV data shall not be used as the basis for any investment decision, trade execution, subscription, or redemption request. Echelon bears no responsibility or liability for any difference between xNAV estimates and official fund NAVs, or for any losses arising from reliance on xNAV data.

4. Accounts & access

Certain features of the Platform require you to create an account. You agree to provide accurate, complete, and current information at registration and to keep that information up to date at all times. You are solely responsible for maintaining the confidentiality of your account credentials and for all activity occurring under your account.

You must be at least 18 years of age to create an account. You may not share your credentials or permit any other person to access the Platform through your account. You agree to notify us immediately of any unauthorized use of your account by contacting info@echelonquant.com.

5. Subscriptions & billing

Paid subscription plans are billed on a recurring monthly or annual basis as selected at checkout. All fees are denominated in U.S. dollars. By providing a payment method, you authorize Echelon (or its designated payment processor) to charge you the applicable subscription fee on each billing cycle without further authorization.

All fees are non-refundable except as expressly required by applicable law. We reserve the right to change subscription pricing upon at least 30 days' advance written notice. If you do not agree to a price change, you may cancel your subscription before the change takes effect. Cancellation becomes effective at the end of the then-current billing period; access to paid features is maintained through that date.

6. Intellectual property

All content on the Platform — including but not limited to xNAV data outputs, software, source code, algorithms, methodologies, platform design, graphics, text, and the Echelon Quantitative brand and logo — is the exclusive property of Echelon Quantitative Inc. or its licensors and is protected by United States and international intellectual property laws, including copyright, trademark, trade secret, and patent laws.

Subject to your compliance with these Terms, Echelon grants you a limited, non-exclusive, non-transferable, revocable license to access and use the Platform solely for your personal or internal business purposes. You may not reproduce, distribute, modify, publicly display, create derivative works from, sell, or sublicense any Platform content without our prior written consent. API access is governed by a separate API License Agreement.

7. Prohibited use

You agree not to use the Platform to:

  • Redistribute, resell, sublicense, or commercially exploit xNAV data or any other Platform content without Echelon's prior written authorization
  • Scrape, crawl, or systematically extract data from the Platform by any automated means beyond any API license expressly granted to you
  • Reverse engineer, decompile, disassemble, or otherwise attempt to derive the source code or underlying methodologies of the Platform
  • Introduce viruses, malware, ransomware, or other harmful code into the Platform or its infrastructure
  • Attempt to gain unauthorized access to any portion of the Platform, its servers, or any systems or networks connected to it
  • Impersonate any person or entity, or misrepresent your affiliation with any person or entity
  • Use the Platform for any unlawful purpose or in violation of any applicable federal, state, or local law or regulation, including securities laws and regulations
  • Take any action that imposes an unreasonable or disproportionately large load on Echelon's infrastructure, or that damages, disables, overburdens, or impairs the Platform

Violation of these prohibitions may result in immediate termination of your account without notice and may expose you to civil or criminal liability.

8. Disclaimers

THE PLATFORM AND ALL SERVICES ARE PROVIDED "AS IS" AND "AS AVAILABLE," WITHOUT WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED. To the fullest extent permitted by applicable law, Echelon expressly disclaims all warranties, including but not limited to implied warranties of merchantability, fitness for a particular purpose, non-infringement, title, and accuracy of data.

Echelon does not warrant that the Platform will be uninterrupted, error-free, secure, or free of viruses or other harmful components. Echelon does not warrant the accuracy, completeness, timeliness, or reliability of any xNAV data, analytics, or other content. Nothing on the Platform constitutes investment advice, a recommendation to buy or sell any security, or a solicitation of any investment. Echelon Quantitative Inc. is not a registered investment adviser, broker-dealer, or commodity trading adviser in any jurisdiction.

9. Limitation of liability

TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL ECHELON QUANTITATIVE INC., ITS OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, OR SUCCESSORS BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, EXEMPLARY, OR PUNITIVE DAMAGES — including without limitation loss of profits, revenues, data, goodwill, business opportunities, or investment losses — arising out of or in connection with your use of or inability to use the Platform or the Services, regardless of the theory of liability and whether or not Echelon has been advised of the possibility of such damages.

Echelon's total aggregate liability to you for all claims arising out of or relating to your use of the Platform or the Services shall not exceed the greater of: (a) the total amount paid by you to Echelon in the twelve (12) months immediately preceding the event giving rise to the claim; or (b) one hundred U.S. dollars ($100).

Some jurisdictions do not allow the exclusion or limitation of certain implied warranties or incidental or consequential damages. To the extent such limitations are not permitted, Echelon's liability is limited to the maximum extent permitted by applicable law.

10. Indemnification

You agree to indemnify, defend, and hold harmless Echelon Quantitative Inc. and its officers, directors, employees, agents, licensors, and successors from and against any and all claims, liabilities, damages, losses, costs, and expenses (including reasonable attorneys' fees and court costs) arising out of or relating to: (a) your access to or use of the Platform; (b) your violation of these Terms; (c) your violation of any applicable law, rule, or regulation; (d) any content you submit, post, or transmit through the Platform; or (e) your infringement of any third-party intellectual property or other rights.

11. Termination

Echelon reserves the right to suspend or terminate your access to the Platform at any time, with or without cause and with or without notice, including for any violation of these Terms. Upon termination, your right to use the Platform ceases immediately. Termination does not entitle you to any refund of prepaid fees.

You may terminate your account at any time by contacting info@echelonquant.com. Sections 3, 6, 8, 9, 10, and 12 of these Terms shall survive any expiration or termination.

12. Governing law & dispute resolution

These Terms shall be governed by and construed in accordance with the laws of the State of Delaware, without regard to its conflict of laws principles. Any dispute, claim, or controversy arising out of or relating to these Terms or the Platform shall be resolved exclusively in the state or federal courts of competent jurisdiction located in New York County, New York, and you irrevocably consent to personal jurisdiction and venue in such courts.

Class action waiver: Any claims arising under these Terms must be brought in your individual capacity and not as a plaintiff or class member in any purported class, collective, or representative proceeding. You waive your right to a jury trial to the fullest extent permitted by applicable law.

13. Contact

For any questions, concerns, or notices regarding these Terms, please contact us at:

Echelon Quantitative Inc.

A Delaware Corporation — Licensed in New York, NY

Email: info@echelonquant.com

Website: echelonquantitative.com

Echelon Quantitative
The first platform to publish continuous intraday xNAV for mutual funds. Built for investors who believe pricing transparency matters.

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xNAV is an estimated intraday net asset value and is not the official end-of-day NAV. Echelon Quantitative xNAV data is provided for informational purposes only and does not constitute investment advice. Past performance does not guarantee future results.
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