TERMS OF USE
By continuing to access or use this website, you expressly acknowledge and agree to the terms and conditions set forth in this Legal and Privacy Statement (the "Statement"). Cantor Fitzgerald, L.P. reserves the right to modify this Statement without notice at any time, so you should review this Statement whenever accessing or using this website. By accessing or using this website after the terms and conditions set forth in this Statement, have been modified, you signify your acceptance of such modified terms and conditions. You may not access or use this website if, at any time, you do not wish to accept the terms and conditions as set forth in this Statement.

1. All information and material on this website, including images, text and audio (the "Content") is owned by, or licensed to, Cantor Fitzgerald, L.P. and/or its affiliates (collectively, "Cantor Fitzgerald") and is subject to copyright protection with all rights reserved. You are entitled to view, copy and print any documents from this website but only for your own internal business purposes. You acquire absolutely no rights or licenses in or to the website or the Content other than the limited right to use the website in accordance with this Statement. Any sale, transmission or redistribution of this website or its Content, and any copying, modification or other use of this website or its Content for any purposes other than your own internal business purposes, is strictly prohibited.


2. Cantor Fitzgerald, Cantor Morning News, are service marks owned by Cantor Fitzgerald. eSpeed is a service mark owned by eSpeed, Inc. All other trademarks, if any, on this website, are the property of their respective owners. All present and future rights in and to trade secrets, trademarks, service marks, copyrights and other proprietary rights under the laws of any domestic or foreign governmental authority (the "Intellectual Property Rights") shall at all times be and remain the sole and exclusive property of Cantor Fitzgerald as between you and Cantor Fitzgerald. Except as specifically permitted by the terms of this Statement, you shall not use the Intellectual Property Rights or the website, or any derivations thereof, for any purpose, without Cantor Fitzgerald's prior written approval. You agree to protect the proprietary rights of Cantor Fitzgerald and all others having rights in the website or the Content and to comply with all reasonable written or electronic requests made by Cantor Fitzgerald or its suppliers of content or otherwise ("Suppliers") to protect their and others' contractual, statutory and common law rights in the website or the Content. You agree to provide Cantor Fitzgerald with prompt written notice of any unauthorized access or use of the website or the Content by any party or of any claim that the website or the Content infringes upon any copyright, trademark or other contractual, statutory or common law rights.


3. This website and its Content are provided solely for information purposes and, with the exception of the Statement or as otherwise indicated, is not intended to, and shall not, constitute any offer or acceptance with the respect to any transactions or other matters. Except for the terms of this Statement, this website shall not create any legal relationship between you and Cantor Fitzgerald.


4. This website and the Content are subject to change at any time by Cantor Fitzgerald without notice and Cantor Fitzgerald reserves the right to suspend, terminate or restrict your access to, or use of, this website. This website is provided "AS IS" without any warranty of any kind, express or implied, including, but not limited to, any implied warranty of merchantability, fitness for a particular purpose, accuracy or completeness of the information contained on this website or in respect of any materials or products referred to on this website or non-infringement. Cantor Fitzgerald is not responsible for any difficulties you may encounter in the use of this website. Difficulties in use of this website could involve, among others, failures, delays, malfunction, software erosion, inadvertent disclosure of information provided to Cantor Fitzgerald via this website or hardware damage, which difficulties could be the result of hardware, software or communication link inadequacies or other causes. Such difficulties could lead to possible economic and/or data loss. Cantor Fitzgerald does not warrant that the website is compatible with your equipment or that the website is free of errors, viruses or worms. In no event shall Cantor Fitzgerald be liable for any damage you may suffer as a result of such destructive features. All warranties, whether express or implied, are hereby excluded to the extent permitted by law.


5. Cantor Fitzgerald and its directors, officers, employees and agents shall, to the extent permitted by law, have no liability, contingent or otherwise, whether caused by the negligence of Cantor Fitzgerald, its employees, subcontractors, agents, Suppliers or otherwise, to you or to third parties for the accuracy, timeliness, completeness, reliability, performance or continued availability of this website or for delays or omissions therein, including, but not limited to, inaccuracies or errors in or omissions from quotes and financial data. Cantor Fitzgerald shall have no responsibility to maintain the information or services made available on this website or to supply any corrections or updates in connection with such information or services. IN NO EVENT WILL CANTOR FITZGERALD, ITS SUPPLIERS, OR ITS THIRD PARTY AGENTS BE LIABLE TO YOU FOR ANY DIRECT, SPECIAL, INDIRECT, INCIDENTAL, PUNITIVE OR CONSEQUENTIAL DAMAGES (INCLUDING, WITHOUT LIMITATION, LOSS OF BUSINESS, LOSS OF PROFIT, LOSS OR CORRUPTION OF DATA, LOSS OF GOODWILL OR REPUTATION OR WASTED MANAGEMENT TIME) WHICH MAY BE INCURRED OR EXPERIENCED ON ACCOUNT OF YOUR USING OR RELYING ON THIS WEBSITE OR ANY INFORMATION OR LINKS ON IT , EVEN IF CANTOR FITZGERALD HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. Any limitations or restrictions on liability in this Statement shall only apply to the extent permitted by applicable law. In no event shall Cantor Fitzgerald's total liability to you for all damages, losses and causes of action (whether in contract or tort, including, but not limited to, negligence) exceed the amount paid by you to Cantor Fitzgerald, if any, for accessing this website.


6. Nothing set forth in this website should be construed as a solicitation, offer or recommendation to purchase or sell any product or instrument or to enter into any transaction, or as a representation that any particular product or instrument is suitable or appropriate for you. Many of the products described in this website involve significant risks and you should not enter into any transactions involving any product unless you fully understand all of these risks and have independently determined that the risks are acceptable to you and that the transactions are appropriate for you in light of your objectives, experience, financial and operational resources and other relevant circumstances. Any discussion of risks contained in this website, however, should not be considered to be a disclosure of the risks of particular transactions, or a complete discussion of the risks which are mentioned.


7. You should not construe any of the material contained in this website as business, financial, investment, hedging, trading, legal, regulatory, tax or accounting advice and you should not rely upon the data or Content presented herein to make any trading decision. In providing this website and entering into any transactions in the products described in this website, Cantor Fitzgerald is acting solely in the capacity of an arm's length contractual counterparty and not as a financial advisor or a fiduciary. Under no circumstances should Cantor Fitzgerald be considered your advisor or fiduciary and, if you require advice with respect to the products identified in this website or any contemplated transactions, you should consult your own business, financial, accounting or legal advisors.


8. YOU MAY NOT COPY, REPRODUCE, RECOMPILE, DECOMPILE, DISASSEMBLE, REVERSE ENGINEER, DISTRIBUTE, PUBLISH, DISPLAY, PERFORM, MODIFY, UPLOAD TO, CREATE DERIVATIVE WORKS FROM, TRANSMIT OR IN ANY WAY EXPLOIT ALL OR ANY PART OF THE WEBSITE, EXCEPT AS EXPRESSLY PROVIDED IN THE STATEMENT. THE CONTENTS OF THE WEBSITE MAY NOT BE RECIRCULATED, REDISTRIBUTED OR PUBLISHED BY YOU WITHOUT CANTOR FITZGERALD'S PRIOR WRITTEN CONSENT. IF YOU DOWNLOAD ANY INFORMATION OR SOFTWARE FROM THIS WEBSITE, YOU AGREE THAT YOU WILL NOT COPY IT OR REMOVE OR OBSCURE ANY COPYRIGHT OR OTHER NOTICES OR LEGENDS CONTAINED IN ANY SUCH INFORMATION. MODIFICATION OF THE WEBSITE CONTENT WOULD BE A VIOLATION OF CANTOR FITZGERALD'S COPYRIGHT AND OTHER PROPRIETARY RIGHTS. YOU MAY NOT USE THIS WEBSITE FOR ANY ILLEGAL PURPOSE OR IN ANY MANNER INCONSISTENT WITH APPLICABLE LAW OR THE STATEMENT. YOU MAY NOT OFFER ANY PART OF THE WEBSITE FOR SALE OR DISTRIBUTE IT OVER ANY OTHER MEDIUM INCLUDING, BUT NOT LIMITED TO, TELEVISION OR RADIO BROADCAST, A COMPUTER NETWORK OR HYPERLINK FRAMING ON THE INTERNET WITHOUT THE PRIOR WRITTEN CONSENT OF CANTOR FITZGERALD. YOU MAY NOT USE ANY OF CANTOR FITZGERALD'S TRADEMARKS, TRADE NAMES OR SERVICE MARKS IN A MANNER THAT SUGGESTS THAT SUCH NAMES AND MARKS BELONG TO OR ARE ASSOCIATED WITH YOU OR ARE USED WITH CANTOR FITZGERALD'S CONSENT, AND YOU ACKNOWLEDGE THAT YOU HAVE NO OWNERSHIP RIGHTS IN AND TO ANY OF THESE NAMES AND MARKS. YOU WILL NOT USE THE WEBSITE OR THE CONTENT IN UNSOLICITED MAILINGS OR SPAM MATERIAL. YOU WILL NOT SPAM OR SEND UNSOLICITED MAILINGS TO ANY PERSON OR ENTITY USING THE WEBSITE. YOU AGREE TO COMPLY WITH ANY OTHER APPLICABLE TERMS AND CONDITIONS SET FORTH ON THE WEBSITE.


9. This website may provide links to certain websites sponsored and maintained by Cantor Fitzgerald as well as those sponsored or maintained by third parties. Such third party websites are publicly available and Cantor Fitzgerald is providing access to such websites through this website solely as a convenience to you. The content of such third party websites, services, goods or advertisements that may be linked to, or advertised on, this website is completely beyond the control of Cantor Fitzgerald, and Cantor Fitzgerald makes no representations or warranties concerning the availability, completeness, accuracy or legality of the content of such websites or of any products or services offered thereon. The fact that access to such websites is provided does not constitute any endorsement, authorization or sponsorship of such websites or their sponsors by Cantor Fitzgerald nor is there any affiliation between Cantor Fitzgerald. and such websites or their sponsors. You understand and agree that you will use or rely on such websites solely at your own risk.


10. In the event that information is submitted through your access to the website erroneously, or you later determine that information should not have been submitted for any reason, you accept full financial responsibility for such entry. Further, by accessing our website on behalf of an entity or corporation, you are representing that you have the right and authority to bind that entity or corporation to the obligations and responsibilities incurred by utilizing this website.


11. You agree, at your own expense, to indemnify, defend and hold harmless Cantor Fitzgerald and its employees, representatives, Suppliers and agents, against any claim, suit, action or other proceeding against Cantor Fitzgerald, its employees, representatives, Suppliers and agents, by a third party, to the extent that such claim, suit, action or other proceeding is based on, or arises in connection with, your use of the website, or any links on the website, including, but not limited to: (i) use by you or by someone else from your computer of the website; (ii) your use or a third party's use of any password you may obtain; (iii) a violation of the terms set forth in this Statement by you or anyone using your computer or password; (iv) a claim that any use of the website by you or someone using your computer or password infringes any intellectual property right of any third party, is libelous or defamatory, or otherwise results in injury or damage to any third party; (v) any deletions, additions, insertions or alterations to, or any unauthorized use of, the website by you or someone using your computer or password; (vi) any misrepresentation or breach of representation or warranty made by you contained herein; or (vii) any breach of any covenant or agreement to be performed by you hereunder. You agree to pay any and all costs, damages and expenses, as incurred, 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.


12. The terms of this Statement shall be governed by, and construed in accordance with, the laws of the State of New York applicable to contracts made and to be fully performed in such State without reference to principles of conflict of laws. By using this website, you agree to submit to the jurisdiction of the Supreme Court of the State of New York and the United States District Court for the Southern District of New York for the enforcement of the terms of this Statement and any disputes related to same and you further agree to service of process by mail.

PRIVACY POLICY
In the course of your use of this website, you may provide, or Cantor Fitzgerald may otherwise obtain, information about you or your business activities. By using this website, you expressly consent to Cantor Fitzgerald (1) using this information to assess the function and performance of this website, to assess the needs of its customers, market Cantor Fitzgerald's products and services and for the other purposes set out in this paragraph, and (2) transferring this data to Cantor Fitzgerald's affiliates throughout the world for the purposes specified in (1) above. Any information which you provide or which Cantor Fitzgerald otherwise obtains will be used by Cantor Fitzgerald for any and all business purposes as permitted by applicable rules and regulations relating to the use of such information.