I.  We are SEBI registered research analysts

Auric Algorithms, a venture of Samri Technologies is a trading technology development and automation services provider and is a registered research analyst entity vide license no. INH100009451 under the purview of Securities and Exchange Board of India. 

II. Own volition of Business Partner/Client.

The automated trading activity undertaken by Clients via the trading technology solutions provided by Auric Algorithms is to be done upon the own volition of the Business Partner and his Clients.

III. No assurance or guarantee of meeting investment objectives.

Trading is speculative and involves significant risks. There can be no assurance that the objectives of an algorithm will be achieved.The usage of trading algorithms is not suitable for persons who have a need for regular current income from such an activity. Utilising an algorithm is not intended to provide a complete investment program for the Client, but should be an allocation of his investment portfolio.The Client is advised to consult with a Regulated Investment Advisor or professional before engaging in any investment or trading activity.

IV. Accuracy of Information.

While Auric Algorithms endeavours to keep information displayed on the Services as accurate as possible, there is a risk that this may not be correct, complete or updated.

V. Cybersecurity.

Malicious individuals, groups or organisations may attempt to interfere with Auric Algorithms’ assets and infrastructure in a variety of ways, including, but not limited to, malware attacks, denial of service attacks, coordinated attacks, etc. which could negatively affect the operation of trading technology development and automation services.With the increased use of technologies and the dependence on computer systems to perform necessary business functions, Auric Algorithms’ assets are susceptible to operational and information security risks. In general, cyber incidents can result from deliberate attacks or unintentional events. Cyber security failures or breaches of the third party service providers (including, but not limited to, software providers, cloud services providers, brokerages) could have a negative impact on operations.It is your responsibility to ensure (i) that your access credentials are kept secure and confidential, including your email, username, and password, as well as access to or use of any two factor authentication hardware, software, or secret and (ii) the security and integrity of any systems (both hardware and software) or services that you use to access the Services.

VI. Downtime.

Auric Algorithms may, from time to time, perform maintenance, routine or otherwise. This may lead to downtime and lack of access to Auric Algorithms’ services.

VII. Risk Associated with usage of our technology offering:

The trading strategies employed by the usage of trading algorithms (including but limited to, among other things, the use of leverage) involve certain risks as detailed below which should be taken into consideration before employing such algorithms to carry on trading.

a. No assurance can be given that the trading undertaken by a Client with the aid of the technology tools, algorithms will be successful under all ordinary market conditions.

b. Trading can be leveraged. Some algorithms might involve a high degree of leverage. A small price movement in the market may, therefore, result in substantial gains or losses. Thus, trading of some investments may result in losses in excess of the amount initially employed by the Client to be carried out by such algorithms.

c. Trading may be illiquid. Some exchanges have daily price limits for certain investments. Once the price of an investment has increased or decreased by an amount equal to the daily limit, positions in the investment can be neither taken nor liquidated unless traders are willing to affect trades at or within the limit. In the past, investments have moved the daily price limit for several consecutive days with little or no trading occurring. Similar occurrences could prevent the algorithms from promptly liquidating unfavourable positions and thus subject the Client to substantial losses.

d. Speculative nature of trading. The trading algorithms objectives, rules, policies should be considered speculative, as there can be no assurance that algorithms will generate a profit.

e. Market risks. The profitability of a significant portion of the Client depends to a great extent upon the success of price movements of specific financial instruments, securities, commodities, futures and/or other investments. There can be no assurance that the algorithms will be able to predict accurately these price movements or that clients will not lose all or substantial proportion of their investments.

f. The institutions, including but not limited to brokerage firms, with which the algorithms execute trades, may not may not be operationally efficient and may not be subject to capital adequacy requirement. As a result, a counterparty may encounter financial or operational difficulties that impair its quality of services which might expose the Client to potential losses as a result.

g. The strategies and algorithms subscribed for by the client may involve short selling. Short sales can, in certain circumstances, substantially increase the impact of adverse price movements on the Clients trading accounts.

h. The strategy and trading algorithms subscribed for by the Client may involve the taking of frequent trading positions, and, as a result, turnover and brokerage commission expenses of the Client may significantly exceed those of other investment avenues of comparable size.

VIII. Lack of operating history.

Although Auric Algorithms and its technology solutions have been used by their clients to aid and augment their trading activities, however, the company itself does not have an operating history of more than 2 years. The past performance of the trading algorithms and producers of such algorithms should not be construed as an indication of the future results to be expected by the Client. The company’s tools, technology and algorithms should be evaluated on the basis that there can be no assurance that the assessment of the short-term or long-term prospects of trading/ investment strategies will prove accurate or that the algorithm will achieve its desired objective and outcome.

IX. Dependence on key personnel.

The company’s activities depend upon the experience and expertise of the key personnel and management team. The loss of the services of any or all of these individuals could have a material adverse effect on the company’s operations.

X. Regulatory change.

Trading in securities, and particularly in derivatives, may be subject to regulatory change. The regulatory process could result in new regulations or restrictions having a material adverse impact on the operations of the company.The foregoing list of risk factors does not purport to be a complete enumeration or explanation of the risks associated with Auric Algorithms’ trading technology development and automation services. Prospective clients should read this entire Risk Statement, carry out their own due diligence as well as consult their own counsel and advisors.