Skip to content
English

Plans

Each plan is a 12-month commercial license for PineForge codegen and PineForge HPO (pineforge-hpo), for the whole organization, with no limit on users (Solo: for the licensee alone). Prices are per year, by plan and band. Coverage includes organizations the licensee controls; parent and sister companies need their own plan or an agreed quote. Solo is for one natural person.

Separate Orders for distinct uses

OEM plus internal trading above its cap needs a separate Team or Fund Order. A distinct investment business plus a Product needs an investment Order and an OEM Order. Each has its own price, scope, assent, payment and screening; one completed purchase does not cover both. A Product that itself manages others' capital still needs tailored scope.

OEM and additional internal trading

These are independent Orders: each requires its own correct declarations, agreement assent, payment and screening. Buying one does not license the other use.

Fund and a distinct OEM Product

These are independent Orders: each requires its own correct declarations, agreement assent, payment and screening. Buying one does not license the other use.

Without JavaScript, use the separate Fund, Team and OEM option links below. Declare the full capital amount at each checkout and confirm any required companion Order. Current checkout availability is shown on the purchase page.

Which number you state

  • Managers of others' capital state their AUM: the others' capital they manage, advise on or trade across the whole firm, whether or not with the software (regulatory AUM where a filing states it, else the average of its last 3 month-end values), plus their own trading capital.
  • Owners of capital state only their own trading capital: the net liquidation value of the accounts traded with the software (the sleeve), on the same 3-month-end average; borrowing adds nothing. Own capital is what the licensee and its wholly owned subsidiaries own with no outside investor, client or beneficiary: a fund, pooled vehicle, managed account or other entity with outside holders holds others' capital, counted as AUM (Fund), even when the licensee controls it. An endowment, a public pension or public fund and a foundation's treasury count their own investment capital the same way: they pay on that sleeve, not on the whole fund. An interest held only as a shareholder, member or partner of the licensee itself does not make its capital others' capital, unless it is a fund or pooled investment vehicle.
  • Exchange-rate moves count as market movement. You state the number at checkout, with how it was measured and as of which date.

Solo

Covers LICENSE (1), (2).

Permits
One natural person: for a company they wholly own (alone or with their household, holding only their household's capital, with no one outside the household working on its trading or research), research, backtesting and trading of own capital up to $10M; and, in their own name or through that company, up to $1M of capital that is not theirs: funded-trader challenge, evaluation, simulated and funded accounts at their nominal size, and the money of relatives outside the household, friends or first clients held in their own accounts, combined. Above $10M of own trading capital, the Team band for that amount applies; above $1M of others' capital, the Fund band for the AUM. Trading in your own name, for your own account and with your own capital, stays free. Own trading capital above $10M together with any others' capital takes the Fund band for both together.
Not covered
Others' capital above $1M or pooled in a fund (that is Fund), embedding in a product, a hosted service, use by anyone else, and a company where anyone outside the household works on trading or research (that is Team).
  • own trading capital up to $10M, others' capital up to $1M

    $490.00 per year

    12 monthsBuy

Above this: more than one person (Team); own trading capital above $10M (the Team band for that amount); others' capital above $1M, or own trading capital above $10M together with any others' capital (the Fund band for the AUM, own and others' capital together). See the Team bands

Team

Covers LICENSE (2).

Permits
Use by, for, or on behalf of one organization, by any number of its people: internal research, backtesting, and trading of the organization's own capital, which it and its wholly owned subsidiaries own with no outside investor, client or beneficiary. Priced by own trading capital: the net liquidation value of the own capital it trades with the software, on the 3-month-end average; borrowing adds nothing. A company that does not trade is in the first band. A band covers amounts over its lower limit, up to and including its upper limit. Above $50M, Team is priced as the Fund band for that amount: for the same capital, Team never costs more than Fund. An interest held only as a shareholder, member or partner of the licensee itself does not make its capital others' capital, unless it is a fund or pooled investment vehicle.
Not covered
Managing others' capital, embedding in a product, or a hosted service.

Above this: own trading capital above $50M is priced as the Fund band for that amount. See the Fund bands

Fund

Covers LICENSE (1), (2).

Permits
Managing, advising on, or trading others' capital, a fund, pooled vehicle or managed account with outside holders included even when you control it, plus use for your organization, within an assets-under-management band: firm-wide others' capital plus own trading capital; also the investment capital of endowments, public pension and public funds and foundation treasuries, counted where traded with the software. A band covers AUM over its lower limit, up to and including its upper limit. No limit on users. Internal use only.
Not covered
Embedding in a product or a hosted service for third parties.
  • AUM up to $5M

    $3,000.00 per year

    12 monthsBuy
  • AUM over $5M up to $25M

    $6,000.00 per year

  • AUM over $25M up to $100M

    $13,500.00 per year

    12 monthsBuy
  • AUM over $100M up to $500M

    $33,000.00 per year

    12 monthsBuy

Above this: AUM above $500M. Ask for a quote

OEM / Embedded

Covers LICENSE (2), (3), (4).

Permits
Embedding the software or its output in a product or service made available to others, distributing either bundled with such a product or service, or operating a hosted, SaaS, or public-facing service with it, within the products and monthly active end users shown. A user is a natural person, other than your own staff, for whom the product ran the software or its Output in that month, counted as the average of the 3 highest months of the term; a product whose users cannot be counted (an anonymous public service, for example) is sold by quote. Startup and Growth are for a group, parents and sister companies included, with revenue under the amount shown. Includes the Team uses for the licensee's own staff, with own trading capital up to $10M; more needs a Team plan as well. Above the included internal-use cap, buy the required Team or Fund Order separately. Declare full own trading capital on the OEM checkout and confirm the companion-Order requirement. One completed purchase does not license both uses.
Not covered
Managing, advising on, or trading others' capital (use 1); giving end users the software or the generated source code; offering transpilation as a product, tool or API.
  • 1 product, up to 10,000 monthly active end users, group revenue under $500K, internal use with own trading capital up to $10M

    $3,000.00 per year

    12 monthsBuy
  • 1 product, up to 10,000 monthly active end users, group revenue under $2M, internal use with own trading capital up to $10M

    $9,000.00 per year

  • 1 product, up to 10,000 monthly active end users, internal use with own trading capital up to $10M

    $24,000.00 per year

    12 monthsBuy
  • 1 product, up to 50,000 monthly active end users, internal use with own trading capital up to $10M

    $48,000.00 per year

    12 monthsBuy

Above this: more products or more than 50,000 monthly active end users (a quote); own trading capital above $10M needs a Team plan as well, for the band that holds it. Ask for a quote

Academic and public research: free

Schools, universities, public research organizations, charities and government institutions use PineForge codegen and PineForge HPO (pineforge-hpo) free for teaching, research and their other operations: there is no license to buy. Investment management is not free: an endowment, a pension or public fund or a foundation's treasury needs the Fund plan.

Read the LICENSE on GitHub

Doesn't fit?

More own trading capital, a larger fund, more products or monthly active end users, or a use none of these plans names: describe it and we will quote.

Ask for a quote

The same commercial license covers PineForge codegen and PineForge HPO (pineforge-hpo). PineForge HPO is licensed under PineForge Source License 1.2. One purchase covers both, with the same plans and prices.

PineForge HPO and the codegen transpiler are also distributed together, version-matched, in pineforge-release: https://github.com/pineforge-4pass/pineforge-release/releases/tag/v1.6.0