Risk Disclosure

1. pizq is Not a Financial Adviser

pizq is a technology platform. We provide software tools for algorithmic strategy development, backtesting, and execution. Nothing on this platform — including output from the AI Quant Agent, backtest results, or any written content — constitutes financial advice, investment advice, or a recommendation to buy or sell any financial instrument.

You are solely responsible for all trading decisions made using this platform. If you require financial advice, consult a qualified and regulated financial adviser.

2. Algorithmic Trading Risk

Algorithmic trading carries substantial risks, including but not limited to:

• Complete loss of invested capital
• Rapid and unexpected losses due to strategy malfunction or market conditions
• Technology failures including software bugs, connectivity failures, and API outages
• Execution risk — strategies may behave differently in live trading than in backtests
• Liquidity risk — strategies may be unable to execute at intended prices
• Regulatory risk — trading strategies may be subject to evolving regulatory requirements

3. Backtest Results Are Not Indicative of Future Performance

Historical backtest results are hypothetical and do not represent actual trading. Past performance — whether in a backtest or in live trading — is not indicative of future results. Backtest results may differ significantly from live trading outcomes due to factors including:

• Overfitting to historical data
• Look-ahead bias in strategy logic
• Survivorship bias in the dataset
• Differences in transaction costs, slippage, and market impact in live markets
• Regime changes in market conditions not present in historical data

4. AI Quant Agent Limitations

The AI Quant Agent is an AI-powered assistant designed to assist with strategy analysis. Its output is informational only. The AI may produce incorrect, incomplete, or misleading analysis. You should not rely solely on AI output when making trading decisions. Always apply independent judgement and, where appropriate, seek qualified professional advice.

5. Technology and Connectivity Risk

pizq is a cloud-based platform. We cannot guarantee uninterrupted availability. Live trading strategies may be disrupted by internet connectivity issues, platform downtime, broker API failures, or other technology factors beyond our control. You are responsible for monitoring live strategies and implementing appropriate risk controls.

6. Broker Relationship

pizq is not a broker-dealer and does not hold or custody client funds. All trades are executed through your connected broker account. Your broker relationship — including account terms, margin requirements, and regulatory protections — is governed by your agreement with your broker, not with pizq.

7. Regulatory Status

pizq is a software platform and is not regulated as a financial services firm in any jurisdiction. Use of this platform does not constitute participation in a regulated investment service. Users are responsible for ensuring their own compliance with all applicable laws and regulations in their jurisdiction, including any licensing or reporting requirements applicable to their trading activities.

8. Your Responsibility

By using pizq, you acknowledge that you understand the risks involved in algorithmic trading, that you are trading with capital you can afford to lose, and that you take full responsibility for all trading decisions made using this platform. pizq accepts no liability for trading losses arising from your use of the platform.