Please read our Terms of Use carefully before you use our website. (“fenixwing,” “we,” or “us”) provides its website (“Site”),, located at for usage, subject to compliance with the terms and cfeonditions set forth herein.

1. Agreement

By using the Site, you agree to be bound by our Terms of Use (the “TOU”) and Reuse Terms >>. If you do not agree to the terms and conditions contained in the TOU, reuse terms, and fenixwing’s privacy policy, please do not access or otherwise use the Site or any information contained herein.

2. Changes to the TOU

We reserve the right at any time to:

– Change the terms and conditions of the TOU;

– Change the terms of the reuse terms

– Change the Site, including eliminating or discontinuing any content or feature of the Site; or

– Impose fees, charges, or other conditions for using the Site or parts thereof.

fenixwing may modify the Site at any time without prior notice, and you accept those modifications if you continue to use the Site. You should check the Site frequently to see recent changes.

3. Data Disclaimer

The content on the Site is being provided for information purposes only.

You understand that data is supplied by sources believed to be reliable, that the calculations on our Site are made using such data, and that such calculations are not guaranteed by these sources, the information providers, or any other person or entity and may not be complete.

From time to time, references may be made on our Site to prior data we have published. These references may be selective, reference only a portion of the data, and are likely outdated. As markets change continuously, previously published information and data may need to be updated and should not be relied upon.

All content on the Site is presented only as of the date published or indicated and may be superseded by subsequent market events or for other reasons. Market/industry information may quickly become unreliable for various reasons, including, for example, changes in market conditions or political/economic circumstances. Neither nor the Third Party Providers are obligated to update any data. We may discontinue offering market/industry information at any time without notice. You agree that neither nor the Third Party Providers will be liable in any way for the termination, interruption, delay, or inaccuracy of any market/industry information.

While we will endeavor to keep the information, data, and visuals accurate, we cannot and do not guarantee its accuracy, and we accept no responsibility and shall have no liability for any loss or damage which may arise from using or relying on our visuals, data, and information. If you believe any information is inaccurate, please contact us so that we may review the data and update it if appropriate.

4. Copyright, Linking Policy, and Trademarks

The Site and the content contained herein, as well as all copyrights, including without limitation, the text, data sets, visuals, software, graphics, files, infographics, interactive features, services, links, User Submissions (as defined below), third-party apps, and any other content on the Site (“Content”) and the trademarks, service marks and logos contained therein, are the property of and its third-party licensors or providers and are protected by copyright, database rights and other intellectual property rights throughout the world. You may access and use the content and download and/or print out copies of any content from the Site only in accordance with the reuse terms. You acknowledge that you do not acquire any ownership rights by using the Site. reserves all rights not expressly granted in and to the Site.

The Site contains links to other Internet websites or links to content created by third parties published on the Site; we neither control such other websites or content. Please read the terms of use and privacy policy of any such third-party sites you interact with before engaging in any activity. You are solely responsible and liable for your use of and linking to all third-party sites. You acknowledge and agree that we shall not be held responsible for the legality, accuracy, or appropriateness of any Content, advertising, products, services, or information located on our Site or any other websites, nor for any loss or damages caused or alleged to have been caused by the use of or reliance on any such content. Similarly, while we endeavor to facilitate the provision of quality Apps, we are not responsible for any loss or damages caused or alleged to have been caused by their use.

You may link to any content on the Site. See our reuse terms if you are interested in reprinting, republishing, or distributing content from No changes may be made to the content.

5. User Conduct

You may not use, copy, display, sell, license, de-compile, republish, upload, post, transmit, distribute, create derivative works or otherwise exploit Content from the Site contrary to the reuse terms. Modification of the Content or use of the Content contrary to the reuse terms is a violation of our copyright and other proprietary rights and can subject you to legal liability.

The user agrees not to:

– Restrict or inhibit any other visitor from using the Site, including, without limitation, by means of “hacking” or defacing any portion of the Site;

– Use the Site for any unlawful purpose;

– Express or imply that any statements you make are endorsed by us without our prior written consent;

– Modify, adapt, sublicense, translate, sell, reverse engineer, decompile or disassemble any portion of the Site contrary to the reuse terms;

– Disable, damage, or alter the functioning or appearance of the Site, including the presentation of advertising;

– “Frame” or “mirror” any part of the Site without our prior written authorization;

– Use any robot, spider, site search/retrieval application, or other manual or automatic device or process to download, retrieve, index, “data mine,” “scrape,” “harvest,” or in any way reproduce or circumvent the navigational structure or presentation of the Site or its contents;

– Harvest or collect information about visitors to the Site without their express consent;

– Send unsolicited or unauthorized advertisements, spam, chain letters, etc., to other users of the Site;

– Transmit any content containing software viruses or other harmful computer code, files, or programs.

You also agree to comply with all applicable laws, rules, and regulations concerning your use of the Site and the content made available therein. We aim to prevent, detect and not knowingly facilitate money laundering and terrorism financing activities. You may not use the Site in a manner that violates our anti-money laundering, counter-terrorist financing, or similar regulatory obligations.

We reserve the right to close, suspend, or limit access to the Site in the event your use violates such obligations or if, after reasonable inquiry, we are unable to obtain information about you that is required to verify your identity. We may require you to provide additional information or documents to verify your identity, including your date of birth, physical address, the taxpayer or other identification number, your physical address, government-issued identification document, or other information that will allow us to reasonably identify you.

You must not misuse the Site by knowingly introducing viruses, trojans, worms, logic bombs, or other malicious or technologically harmful material. You must not attempt to gain unauthorized access to the Site, the server on which the Site is stored, or any server, computer, or database connected to the Site. You must not attack the Site via a denial-of-service or distributed denial-of-service attack. will report any such breach to the relevant law enforcement authorities, and we will cooperate with those authorities by disclosing your identity to them. In such a breach, your right to use the Site will cease immediately.

6. Disclaimer of Warranties

The Site, and any product or service obtained or accessed through the Site, are provided “as is” and without representations or warranties of any kind, either express or implied. To the fullest extent permitted by applicable law,, its officers, directors, employees, affiliates, suppliers, advertisers, agents, information providers, and any other third party involved in or related to the making or compiling of the Site disclaim all warranties, express, implied or statutory, including, but not limited to, warranties of title and non-infringement, implied warranties of merchantability and fitness for a particular purpose, and all warranties relating to the originality, adequacy, accuracy, timeliness, merchantability or completeness of any information on our Site.

Some jurisdictions do not allow the exclusion of implied warranties, so the above exclusions may not apply to you. and its affiliates, suppliers, agents, sponsors, information providers, and any other third party involved in or related to the making or compiling of the Site do not warrant that your use of the Site will be uninterrupted, error-free or secure, or that the Site or the server(s) on which the Site is hosted are free of viruses or other harmful components. You assume total responsibility and risk for your use of the Site and your reliance thereon. No opinion, advice, or statement of or its affiliates, suppliers, agents, members, sponsors, information providers, or visitors, whether made on the Site or otherwise, shall create any warranty.

7. Limitation of Liability

Neither nor its affiliates and their respective officers, directors, employees, suppliers, advertisers, agents, sponsors, information providers, nor any other third party involved in or related to the making or compiling of the Site are liable for lost profits, lost savings or any indirect, incidental, consequential, special, exemplary, punitive or other damages under any contract, negligence, strict liability or other theory arising out of or relating in any way to the Site and/or any content contained therein, or any product or service used or purchased through Such limitation shall apply regardless of the form of action, even if, its information providers, or any other third party involved in or related to the making of compiling of any part of the Site has been advised of or otherwise might have anticipated the possibility of such damages. Your sole remedy for dissatisfaction with the Site is to stop using it. The sole and exclusive maximum liability to for all damages, losses and causes of action (whether in contract, tort (including, without limitation, negligence), or otherwise) shall not exceed the total amount paid to us by you if any for access to the Site or any service, during the previous two (2) months prior to bringing the claim. In no event, its information providers, or any third party involved in or related to the making or compiling of any of the GICS services (defined below), be liable to you, or any other person, for any direct or indirect damages, including, without limitation, any lost profits, lost savings or other incidental or consequential damages arising out of the use or your inability to use the GICS service.

Our content does not constitute any form of advice or recommendation by fenixwing to you. It is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. You should take your own advice and/or independently verify such information before relying on it.

Some jurisdictions do not allow the limitation or exclusion of liability for incidental or consequential damages, so the above limitations may not apply to you.

8. Indemnification

As a condition of your use of the Site, you agree to indemnify, defend and hold us, our officers, directors, employees, agents, representatives, information providers, and any other third party involved in or related to the making or compiling of the Site harmless from and against any and all claims, damages, losses, costs (including reasonable attorneys’ fees), or other expenses that arise directly or indirectly out of or from (a) your violation of the TOU; (b) your use or any third party’s use of, or inability to use, the Site; (c) your violation of the rights of any third party or (d) any claim that one of your User Submissions caused damage to a third party. This defense and indemnification obligation will survive these TOU and your use of the Site.

9. Security and Right of Access

You are solely responsible for all use of the username and password and must ensure they are kept confidential at all times. You may not share the username and password with or transfer them to any third party, including any other Client employees. You must notify immediately if you become aware of any unauthorized use of your username and password or any other security breach regarding accessing the website and use of the datasets/visuals/products that becomes known to you.

10. Viruses does not guarantee that the Site will be secure or free from bugs or viruses.

You are responsible for configuring your information technology, computer programs, and platform to access the Site. You should use your own virus protection software.

11. Fees

The Pro and Annual subscriptions have a duration period of 12 months. The Monthly subscription has a duration period of 1 month. Failure to terminate the subscription will result in an automatic extension of services and subscription charges. The subscription auto-renews at the current annual, or monthly price until the subscriber cancels the subscription.

The subscription prices do not include sales tax/VAT. Sales tax/VAT may apply.

The subscription price is quoted in US dollars.

12. Access

With a Pro, Annual, or Monthly subscription, you receive access to all data visualizations. You can download data visualizations in .png and .pdf formats.

Under the Pro subscription, you receive access to datasets. You can download datasets in XLS format.

13. Reuse

You may access and use the open-access content and download and print/reuse copies of open-access content from the Site only in accordance with the terms of the Reuse Terms >>. You acknowledge that you do not acquire any ownership rights by using the Site. reserves all rights not expressly granted in and to the Site.

Reuse of content to which access requires a subscription, and reuse of datasets require the purchase of a license.

14. Refund policy

Due to the digital nature of our products and the immediate access to our content by subscription, we cannot offer refunds after a product has been purchased for downloaded. If you have any questions about subscription plan, please feel free to contact us prior to purchase. Refunds may be granted only in absolutely exceptional cases and at the discretion of management.

15. Termination

You understand and agree that may, under certain circumstances and without prior notice to you, terminate your access to and use of the Site. Cause for such termination shall include, but not be limited to, (i) breaches or violations of the TOU or other agreements or guidelines, (ii) requests by law enforcement or other government or regulatory authorities, or (iii) repeat violators of third party copyrights or other intellectual property.

16. Miscellaneous

The Site is directed solely to individuals residing in jurisdictions in which the provision of the Site’s content is legal. We make no representation that materials provided on the Site are appropriate or available for use in other locations. Those who choose to access the Site from other locations do so on their own initiative and at their own risk, and are responsible for compliance with local laws, if and to the extent applicable. We reserve the right to limit the availability of the Site to any person, geographic area, or jurisdiction we so desire, at any time and in our sole discretion, and to limit the quantities of any such service or product that we provide.

The TOU, together with all policies referred to herein, constitutes the entire agreement between you and relating to your use of the Site and supersedes any all prior or contemporaneous written or oral agreements on that subject between us. The TOU, privacy policy, and the relationship between you and are governed by and construed in accordance with the laws of the Republic of Poland without regard to its principles of conflict of laws. You and agree to submit to the personal and exclusive jurisdiction of the courts located in Poland and waive any jurisdictional, venue, or inconvenient forum objections to such courts. If any provision of the TOU is found to be unlawful, void, or unenforceable, then that provision shall be deemed severable from the TOU and shall not affect the validity and enforceability of any remaining provisions. No waiver by either party of any breach or default hereunder shall be deemed a waiver of any preceding or subsequent breach or default. Any heading, caption, or section title contained in the TOU is inserted only as a matter of convenience and in no way defines or explains any section or provision hereof. We reserve the right to require you to sign a non-electronic version of the TOU.

Updated: 23 October 2023