Legal & Compliance
At Vega Simulator, we are committed to developing and deploying AI technologies responsibly and in full compliance with applicable laws and regulations. This page outlines how our platform aligns with the European Union Artificial Intelligence Act (EU AI Act), the General Data Protection Regulation (GDPR), and other relevant global standards. Compliance with the EU AI Act The EU AI Act classifies AI systems based on their risk level and sets out obligations proportionate to these risks. Vega Simulator adheres to the following principles and requirements:
Compliance with the EU AI Act
The EU AI Act classifies AI systems based on their risk level and sets out obligations proportionate to these risks. Vega Simulator adheres to the following principles and requirements:
Risk Classification and Transparency
Risk Assessment: Vega Simulator has undergone thorough internal assessments to determine its classification under the EU AI Act. It is categorized as a high-risk AI application. to determine its classification under the EU AI Act. It is categorized as a high-risk AI application. Traderion's Vega Simulator is the only trading simulator with a Risk Management Program in place, designed to ensure full compliance with the EU AI Act, GDPR, and ISO/IEC 42001 standards. The program governs all AI-powered components of our simulators, including adaptive AI agents, real-time analytics, and predictive performance modeling. All AI-generated outputs within Vega Simulator are monitored and reviewed by human operators where necessary. Users retain control over critical decision-making processes.
Our structured approach follows Gartner’s EU AI Act compliance framework, emphasizing risk assessment, governance, and human oversight.
Data Governance
We ensure training data is sourced responsibly and undergoes rigorous checks for quality, relevance, and bias mitigation.
We maintain documentation for training datasets and system design to support auditability and traceability.
GDPR Compliance
Vega Simulator fully complies with the General Data Protection Regulation (GDPR), ensuring data protection and privacy for all individuals within the European Economic Area (EEA).
Data Subject Rights
We process personal data based on legitimate interests, user consent, and contractual necessity, depending on the context.
Access and Portability: Users may request access to their data and obtain it in a machine-readable format.
Rectification and Erasure: Rectification and Erasure: Users may request corrections to inaccurate data or deletion of their data.
Objection and Restriction: Objection and Restriction: Users may object to or request limitations on the processing of their data.
Data Minimization and Security
We collect only the data necessary for simulation and service improvement. Strong encryption and security protocols are in place to protect personal and operational data.
Where data is transferred outside the EEA, we use standard contractual clauses and other lawful mechanisms to ensure appropriate safeguards.
Vega Simulator is not intended for users under the age of 16. We do not knowingly collect or process data from children.
Contact and Complaints
For questions about our compliance efforts or to exercise your data rights, please contact us at:
Email: fg@vegasimulator.com
Data Protection Officer (DPO): Florin Grosu
You also have the right to lodge a complaint with your local data protection authority if you believe your rights have been violated.
This compliance statement is reviewed and updated regularly to reflect changes in our practices or applicable laws.
