Compliance

What we are, and what we are not

This page exists so that no client, counterparty, bank or regulator has to guess at the nature of our business. It is written to be read in full and we would rather over-disclose than leave room for inference.

01 — Our position

A software development firm

J&D Vantage Quant LLP is a limited liability partnership carrying on the business of custom software development and process automation. Our clients are businesses and individuals who want a piece of software built. Our income is the professional fee we invoice for building it.

Nature of business
Custom software development and automation services
Constitution
Limited Liability Partnership, registered in India
Source of income
Professional fees for engineering work, invoiced to the client
Client funds handled
None — no client money is accepted, held, pooled or transferred
Trading undertaken for clients
None — clients operate their own software and their own accounts
Investment advice given
None — we express no view on any security, instrument or market
Variable or performance-linked income
None — no profit share, commission or performance fee of any kind
Regulatory registration
None held, and none represented to be held
02 — Exclusions

Activities we do not carry on

The following is an exhaustive statement of what we do not do. If any person has been told otherwise about us, that statement was not authorised and we ask to be told about it.

✕ Funds and accounts

  • We do not accept, receive or hold client funds for investment or trading
  • We do not operate a pooled, omnibus or client account of any description
  • We do not have power of attorney or operating rights over any client account
  • We do not route, forward or transmit money between clients and brokers
  • We do not guarantee capital or assure any return to any person

✕ Market activity and advice

  • We do not place, modify or cancel orders on behalf of any client
  • We do not provide investment advice or recommend any security or instrument
  • We do not publish research reports, calls, tips or trade signals to subscribers
  • We do not provide portfolio management or act as a fund in any form
  • We do not broker, deal or arrange deals in securities for any person
03 — Client funds

No client money passes through this business

Unqualified statement J&D Vantage Quant LLP has never accepted, held, pooled, managed or transmitted money belonging to any client for the purpose of investment or trading, and does not do so now. No arrangement we offer contemplates it. The only money we receive from a client is the invoiced professional fee for software we have built, received by bank transfer into our own business current account against a tax invoice.
Who funds the account
The client, in their own name, with their own brokerWe are not a party to that relationship and have no interest in it
Who holds credentials
The clientSoftware we deliver runs under credentials the client creates and controls
Who operates the software
The clientDeployed on infrastructure the client owns or rents in their own name
Who bears the risk
The client, entirelyAny profit or loss arising is the client's alone
04 — Fees and receipts

Every rupee we receive is a fee for engineering work

We use two pricing models and no others. Both are fixed in advance, agreed in writing and invoiced. Neither varies with anything that happens in a market.

RECEIPT TYPE 01

One-time development fee

A fixed professional fee for building and delivering software against a written scope of work. Raised as a tax invoice, settled by bank transfer, recognised as services revenue.

RECEIPT TYPE 02

Maintenance and upgrade fee

A periodic or per-change fee for maintaining and upgrading software already delivered. Also invoiced, also fixed in advance, also unrelated to any trading result.

Expressly excluded We do not accept payment structured as a share of profits, a percentage of assets, a brokerage rebate, a commission, a referral fee from a broker, or any other amount whose quantum depends on the client's trading activity or results.
05 — Registration

Why we hold no market registration

Writing software to a customer's specification is a professional services activity. It is not dealing in securities, arranging deals, managing investments, advising on investments or operating a collective investment scheme.

We have deliberately structured every aspect of our offering so that it stays on the software side of that line: the client writes the specification, the client owns the delivered code, the client holds the broker relationship and the credentials, the client runs the system, the client takes the risk, and our fee is fixed and unrelated to the outcome.

Accordingly we hold no registration with the Securities and Exchange Board of India or any other financial regulator, and we make no claim to hold one. We do not describe ourselves as SEBI-registered, SEBI-approved, SEBI-compliant or regulated, and we ask that no client, partner or intermediary describe us that way either.

If a prospective engagement would require us to take custody of funds, exercise discretion over a client's account, or give advice on the merits of an investment, we will decline it. That has been the position from the outset and it is not negotiable.

If you are a bank, auditor or regulator

We will provide, on request and without argument: our LLP incorporation certificate and LLPIN, the partnership agreement, PAN, specimen client contracts, specimen invoices, and a written declaration of the nature of our business signed by a Designated Partner. Write to jdvantagequant@gmail.com and we will respond with documents rather than assurances.

06 — Marketing conduct

What we will never put in front of you

Most of the harm in this industry is done by marketing, not by software. We hold ourselves to the following rules without being required to.

Report a misrepresentation If anyone has offered you fund management, guaranteed returns or trading services in our name, they were not authorised to do so. Please tell us at jdvantagequant@gmail.com so we can deal with it.