Nature of the service and regulatory status
- Orynela is a technical software tool (SaaS). The service allows the user to configure parameters and strategies, and automatically transmits the corresponding operation instructions to the third-party broker via its API.
- Orynela provides a technical instruction transmission infrastructure. Accounts and assets are held by the third-party broker chosen by the user. Orynela is not intended to hold, receive or store client funds or assets.
- The service does not constitute investment advice, portfolio management on behalf of third parties or financial intermediation.
- The exact regulatory classification of the activity is the subject of ongoing dialogue with the competent authorities.