The MTS Toolbox — the platform, the tools, their cases, reports and scripts, and the venue simulators and reference clients shipped as binaries in the container — is © PriorStates, all rights reserved, with the following permissions:

• Evaluation, research, education and other non-commercial use are permitted: you may run, copy and modify the software for those purposes.
• Commercial use — using the tools in a business, reselling them, or offering them as a service — requires a commercial licence from the author. Contact service@priorstates.com.
• The venue and reference binaries are provided under the same terms, without source.

The intended long-term licence for the platform and the tools is PolyForm Noncommercial 1.0.0; until this page names it as adopted, the terms above apply. The same text ships as LICENSE.md in the download.

THE SOFTWARE, THE VENUE SIMULATORS, THE REFERENCE CLIENTS, THE CASES, THE REPORTS AND THE PUBLISHED REFERENCE RESULTS ARE PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, ACCURACY OR NON-INFRINGEMENT. A tool's verdict is evidence about your software's behaviour against a simulated venue; it is not a certification by any exchange, not a guarantee of conformance to any exchange's specification or of behaviour in production, and not trading, legal or financial advice.

TO THE MAXIMUM EXTENT PERMITTED BY LAW, THE AUTHOR (ZHENDONG QIN) SHALL NOT BE LIABLE FOR ANY LOSS OR DAMAGE ARISING OUT OF OR IN CONNECTION WITH THE SOFTWARE OR ITS RESULTS — INCLUDING, WITHOUT LIMITATION, ANY TRADING LOSS, LOST PROFITS, ERRONEOUS ORDERS, MISSED OR DUPLICATED EXECUTIONS, EXCHANGE FINES OR PENALTIES, OR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR PUNITIVE DAMAGES — WHETHER IN CONTRACT, TORT OR OTHERWISE, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGE. You are solely responsible for testing, certifying and operating your trading systems and for any orders they send to any venue.