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The information below explains the legal terms and conditions (the “Terms”) in relation to the Katmai Capital Advisors Limited (“Katmai”) and the website (the “Site”) and your use of the Site. Please read these Terms carefully. By accessing or using the Site, you hereby accept and agree to comply with these Terms. These Terms form a binding agreement between you and Katmai and govern your access and use of the Site, which includes any information, data, tools, products, services and other content (together, “Content”) available on or through the Site. This page is designed to filter out unauthorized users from accessing or using the Site.


These Terms may be amended without notice to you. Your continued use of the Site following any changes will mean that you accept such changes. Content contained on the Site may be updated on a regular basis. Due to the nature of the information posted, it may become outdated rapidly. Users are therefore cautioned to independently verify the correctness of Content contained on the Site that may have become outdated. Katmai accepts no liability of any sort resulting from reliance being placed upon outdated information or Content contained on the Site by any user or other person.

Limitation of Liability:

Whilst every effort is made to represent accurate financial and technical information on an on-going basis, inadvertent errors and typographical inaccuracies may occur. Information, laws, rules and regulations may also change from time to time. Content contained on the Site is therefore made available without any express or implied representation or warranty whatsoever as to reliability, completeness, fitness for purpose or accuracy on this Site or on any third party website linked to this Site. To the fullest extent permitted by law, Katmai, its directors, employees, affiliates, licensors, officers or agents accept no liability to you or any third party for any losses or damages, including without limitation, direct or indirect damages, consequential or special damages, costs or expenses (including without any limitation any lost profits, business interruption, loss of use, programs or data on your equipment or otherwise, even if Katmai is expressly advised of the possibility or likelihood of such damages) incurred or suffered by you or any third party, whether in contract or due to negligence or other tortious action, arising out of or in connection with the access to, use of, reliance on or performance of this Site or any Content contained on this Site or any information on any other hyper-linked site, whether due to inaccuracy, error, omission or any other cause and whether on the part of us, our agents or any other person. Nothing in these Terms excludes, restricts or modifies any condition, warranty or liability which may at any time be implied by statute or any other applicable law where to do so is illegal or would render any provision of these Terms invalid and furthermore does not exclude or restrict any duty or liability that Katmai has to its customers under any rules or regulations in any jurisdiction to which Katmai may be subject.

Regulatory Disclosure:

The Content on the Site is directed only at persons or entities in any jurisdiction or country where such access to information is not contrary to local law or regulation. This Site is not directed at or intended for distribution to or use by any person or entity in any jurisdiction where (by reason of that jurisdiction’s applicable securities laws, person’s nationality, residence or otherwise) such distribution, publication, availability or use of this Site or any part of its contents would be contrary to applicable law or regulation or would subject Katmai to any registration or licensing requirement within such jurisdiction. If you are such a person or entity, you are not authorised to enter the Site. It is your responsibility to ensure that your use of this Site complies with any restrictions or any applicable local laws regarding use of the Content and information on this Site. In particular, the information on the Site is not directed at any person in the United States and the Site is not intended to be used by any person in the United States.

Purpose of the Site:

Nothing on this Site constitutes or should be construed to constitute, in any jurisdiction (including those in which such an offer or solicitation is not authorised or to any person to whom it is unlawful to make such a solicitation or offer) an offer, advice, invitation or solicitation from us to buy or sell any investments or securities, futures, options or other financial instruments or an invitation or inducement to engage in investment activity or a financial promotion of any kind or investment advice or recommendation.

Responsibility for the Site:

While Katmai makes reasonable efforts to obtain information from sources which it believes to be reliable, Katmai makes no representation that the information or opinions contained in the Site are accurate or reliable or complete. The information and opinions contained in the Site are provided solely for informational purposes only and are subject to change without notice. Nothing contained on the Site constitutes investment, legal, tax or other advice, nor is it to be relied upon in making an investment or other decision. You should obtain relevant and specific professional advice before making any investment decision. The information and opinions contained in the Site are provided without any express or implied warranty.

Links to other websites:

The Site may provide links to related websites. Katmai does not maintain those websites or the material, products or services that these websites may provide. Katmai believes that the information from these organisations is reliable but cannot guarantee its completeness or suitability for any purpose. Accordingly, Katmai expressly disclaims any responsibility for the material on these other websites. Katmai does not recommend or endorse these organisations or their products or services in any way.


You agree to indemnify Katmai and its directors, employees, affiliates, licensors, officers and agents from and against any claim brought by third parties against Katmai and its directors, employees, affiliates, licensors, officers and agents as a consequence of your breach of these Terms. You further agree to indemnify, defend, and hold harmless Katmai and its directors, employees, affiliates, licensors, officers and agents from and against any and all claims, liabilities, damages, losses, or expenses, including legal fees and costs, arising out of or in any way connected with your access to or use of this Site and the Content and information contained herein. Furthermore, if your use of this Site results in the need for servicing, repair or correction of equipment, software or data, you assume all costs thereof.

Copyright Information:

The Content of the Site is the subject of copyright and any commercial use of such material requires the prior written consent of Katmai. All rights are reserved.


The Content contained on the Site may contain confidential information relating to the operations, product information, know-how, risk-management methodology, risk-managed investment processes or other material of Katmai or its directors, employees, affiliates, licensors, officers of agents (“Confidential Information”) and by accessing or using this Site you are deemed to undertake and agree that you will not directly or indirectly disclose, use, reproduce, transform or store any of the Confidential Information in an externally accessible computer or electronic information retrieval system, nor transmit it in any form or by any means whatsoever outside your usual place of business nor copy all or any part of the Confidential Information without our prior written consent or unless otherwise provided herein. Confidential Information shall not include any information which: (a) is or becomes legally in the public domain (other than as a result of its disclosure by you; (b) information which was, is or becomes available to you on a non-confidential basis from a third party having the right, without any obligation of confidentiality to us, to disclose such information; (c) was already known to you; or (d) information which is required to be disclosed by law, regulation, rule, act, order or notice of any court, government or regulatory authority, agency or similar.

Specific risk disclosures relating to commodities, futures & options:

The risk of loss in trading commodities can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. In considering whether to trade or to authorize someone else to trade for you, you should be aware of the following:

  • If you purchase a commodity option, you may sustain a total loss of the premium and of all transaction costs.
  • If you purchase or sell a commodity future or sell a commodity option, you may sustain a total loss of the initial margin funds and any additional funds that you deposit with your broker to establish or maintain your position. If the market moves against your position, you may be called upon by your broker to deposit a substantial amount of additional margin funds, on short notice, in order to maintain your position. If you do not provide the requested funds within the prescribed time, your position may be liquidated at a loss, and you will be liable for any resulting deficit in your account.
  • Under certain market conditions, you may find it difficult or impossible to liquidate a position. This can occur, for example, when the market makes a “limit move”.
  • A “spread” position may not be less risky than a simple “long” or “short” position.
  • The high degree of leverage that is often obtainable in commodity trading can work against you as well as for you. The use of leverage can lead to large losses as well as gains.


The value of investments may go down as well as up and past performance is no indication of future results.

Operation of the Site:

You should be aware that the internet, being an open network, is not secure. If you choose to send any electronic communications by means of this Site, you do so at your own risk. Katmai cannot guarantee and makes no warranties whatsoever, whether express or implied, that such communications will not be intercepted or changed or that they will reach the intended recipient safely and accepts no liability in relation thereto.


Any personal data relating to you will be collected, used and recorded by us in accordance with current data protection legislation, these Terms and our Privacy Policy. You must read our Privacy Policy on this Site as it forms part of these Terms.

Governing Law:

The Site, these Terms and related notices and any dispute arising from the use of this Site are subject to English law and you submit to the jurisdiction of the English courts.

Our Details:

This Site is owned and operated by Katmai. You can contact us at Katmai Capital Advisors Ltd, 17 Cavendish Square, London, W1G 0PH  or by e-mail at info {@} katmai-capital.com. Katmai Capital Advisors Ltd is authorized and regulated by the Financial Conduct Authority (FCA registered no. 572039).

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