Terms of business


This page (together with the documents referred to on it) sets out the Terms of Use (“Terms”) to access and use our websites (Macrosynergy, Macrosynergy Research and the Macro Quantamental Academy) (“our Site”) and Services (as defined below) through our Site. We are registered in England and Wales under company number 06994336 and have our registered office at 38 Jermyn Street, London, SW1Y 6DN. Our VAT number is GB401475038. Please read these terms of use carefully before you use our Site or our Services (as defined below).

The Site content includes research articles, academy notebooks (in the form of Jupyter notebooks, HTML or other formats) and tutorials related to (a) the macro quantamental indicators generated by the J.P. Morgan Macrosynergy Quantamental System or “JPMaQS” and accessible through J.P. Morgan Markets (www.jpmm.com) and (b) the development of macro trading factors and use cases. The content is collectively referred to as our “Services”.

Access to JPMaQS macro quantamental indicators requires a licence from J.P. Morgan and is subject to separate terms and conditions provided by J.P. Morgan. Access to the Services does not automatically provide a licence to use J.P. Morgan’s JPMaQS.

The Services provided by Macrosynergy are separate from any business of J.P. Morgan.

The content provided on our Site is intended for use only by investment professionals and is for educational and illustrative purposes only. It does not constitute an invitation or offer to subscribe for or purchase any investment product or service. Before making any investment decisions, investment professionals should conduct their own research and analysis and seek the advice of a qualified financial professional. This material has been provided specifically for the use of the recipient only and must be treated as proprietary and confidential. It may not be passed on, nor reproduced in whole or in part under any circumstances without express written consent from Macrosynergy.  By accessing and using our Site and Services, you agree to be bound by these Terms. If you do not agree to these Terms, please do not use the Site or Services.

The Site is intended for business and professional use only and is not made available to anyone who is acting as a consumer within the meaning of the (UK) Consumer Rights Act 2015. By accessing this Site, you confirm that you are not a “consumer” under UK laws and regulations.

Trademark notices

“Macrosynergy” and “Tradable Economics” are trademarks of Macrosynergy Limited, a company incorporated in the UK (Company number 06994336).

Licence to Use Services

Access to our Site is provided free of charge and on a temporary basis to access the Services for your professional use, subject to these Terms.

User Conduct

You agree to use our Site and Services only for lawful purposes and in accordance with these Terms. You may not use our Site or Services in any way that could damage, disable, overburden, or impair our servers or networks, or interfere with any other party’s use and enjoyment of our website or Services. You may not attempt to gain unauthorized access to any part of our Site or Services, or any other system or network connected to our Site or Services.

Intellectual Property Rights

Our Site and Services, including all content, software, code, graphics, text, images, logos, and trademarks, are the property of our company or our licensors and are protected by copyright, trademark, and other intellectual property laws.

Permission is hereby granted to you, free of charge, to use our Services for the purposes specified in these Terms without restriction, including without limitation the rights to use, copy, modify or merge, the Services..

Our status (and that of any identified contributors) as the authors of content on our site must always be acknowledged.

Disclaimer of Warranties

Our Site and Services are provided on an ‘as is’ and ‘as available’ basis, without any warranties of any kind, either express or implied, including but not limited to warranties of satisfactory quality, fitness for a particular purpose, or non-infringement of intellectual property rights.  You are solely responsible for the consequences of your use of our Services.  We do not guarantee that our website or Services will be uninterrupted, error-free, or free of viruses or other harmful components. You acknowledge and understand that our training materials may require you to download and run programs on your computer or device, and that there are potential risks associated with running such programs, including but not limited to damage to your computer or device, loss of data, or exposure to viruses or other harmful components. You are solely responsible for implementing sufficient procedures and checkpoints to satisfy your particular requirements for anti-virus protection and accuracy of data input and output, and for maintaining a means external to our site for any reconstruction of any lost data.

We may make changes to our Site/suspend or withdraw our Site

Our site is made available free of charge.

We may update and change our Site from time to time to reflect changes to our products, our users’ needs and our business priorities or other reasons.

We do not guarantee that our Site, or any content on it, will always be available or be uninterrupted. We may suspend or withdraw or restrict the availability of all or any part of our Site for business and operational reasons. We will try to give you reasonable notice of any suspension or withdrawal.

You are also responsible for ensuring that all persons who access our Site through your internet connection are aware of these terms of use and other applicable terms and conditions, and that they comply with them.

We may transfer this agreement to another person.

We may transfer our rights and obligations under these terms to another organisation.

No text or data mining, or web scraping

You shall not conduct, facilitate, authorise or permit any text or data mining or web scraping in relation to our Site or any services provided via, or in relation to, our Site. This includes using (or permitting, authorising or attempting the use of):

  • Any “robot”, “bot”, “spider”, “scraper” or other automated device, program, tool, algorithm, code, process or methodology to access, obtain, copy, monitor or republish any portion of the Site or any data, content, information or services accessed via the same.
  • Any automated analytical technique aimed at analysing text and data in digital form to generate information which includes but is not limited to patterns, trends and correlations.

The provisions in this clause should be treated as an express reservation of our rights in this regard, including for the purposes of Article 4(3) of Digital Copyright Directive ((EU) 2019/790).

This clause shall not apply insofar as (but only to the extent that) we are unable to exclude or limit text or data mining or web scraping activity by contract under the laws which are applicable to us.

Rules about linking to our Site

  • You may link to our home page, provided you do so in a way that is fair and legal and does not damage our reputation or take advantage of it.
  • You must not establish a link in such a way as to suggest any form of association, approval or endorsement on our part where none exists.
  • You must not establish a link to our Site in any website that is not owned by you.
  • Our Site must not be framed on any other site, nor may you create a link to any part of our Site other than the home page.
  • We reserve the right to withdraw linking permission without notice.
  • The website in which you are linking must comply in all respects with the content standards set out in our Acceptable Use Policy.
  • If you wish to link to or make any use of content on our Site other than that set out above, please contact info@macrosynergy.com.

User-generated content is not approved by us

This Site may include information and materials uploaded by other users of the Site, including to social media pages, video-sharing sites, bulletin boards and chat rooms. This information and these materials have not been verified or approved by us. The views expressed by other users on our Site do not represent our views or values.

Limitation of Liability

To the fullest extent permitted by law, we will not be liable for any direct, indirect, incidental, consequential, or punitive damages arising out of or in connection with your use of, or inability to use our Site or Services or use or reliance on any content displayed on our Site. This includes, but is not limited to, any loss of profits, revenue, data, or use, business interruption, loss of anticipated savings, loss of business opportunity, goodwill or reputation or any indirect or consequential loss or damage.

You agree to indemnify and hold us harmless against any third-party claims, damages, losses, or expenses arising out of or in connection with your use of our Site or Services.

Whenever you make use of a feature that allows you to upload content to our Site, or to make contact with other users of our site, you must comply with the content standards set out in our Acceptable Use Policy.

You warrant that any such contribution does comply with those standards, and you will be liable to us and indemnify us for any breach of that warranty. This means you will be responsible for any loss or damage we suffer as a result of your breach of warranty.


This Site uses cookies.  Further details may be found in our Cookie Policy.

If you wish to link to or make any use of content on our site other than that set out above, please contact info@macrosynergy.com.

Links to Third-Party Websites

Where our Site contains links to other sites and resources provided by third parties, these links are provided for your information only. Such links should not be interpreted as approval by us of those linked websites or information you may obtain from them.

We have no control over the contents of those sites or resources. We are not responsible or liable for any damages or losses arising from your use of or reliance on any content, products, services, or information provided by third-party websites.

Data Protection

We take data protection seriously and are committed to ensuring the security and protection of the personal information that we collect, process, and store. We comply with the General Data Protection Regulation (GDPR) and other applicable data protection laws and regulations in relation to the processing of personal data. By using our Site and Services, you agree to the collection, processing, and storage of your personal information in accordance with our Privacy Policy.

Governing Law and Jurisdiction

These Terms and any dispute arising out of or in connection therewith will be governed by and construed in accordance with the laws of England and Wales, without giving effect to any principles of conflicts of law. Both parties agree to the exclusive jurisdiction of the courts of England and Wales provided that either party may enforce any judgement of the courts of England and Wales in the courts of any jurisdiction.

Your concerns

If you wish to complain about any other content, please contact us on compliance@macrosynergy.com.