Legal Information

UNDER NO CIRCUMSTANCES DOES ALPHABENCH PROVIDE ANY FORM OF INVESTMENT ADVICE, TRADING ADVICE, STOCK TRADING TIPS, FINANCIAL RECOMMENDATIONS, OR PROFESSIONAL FINANCIAL COUNSEL.

All information, data, algorithms, strategies, backtesting results, simulations, charts, analyses, research, tools, software, and other content ("Content") available through the Alphabench platform is provided solely for informational, educational, and research purposes only. The Content is not intended to be, and does not constitute, investment advice, trading advice, tax advice, legal advice, or any other form of professional advice.

The Content should not be interpreted as a recommendation, suggestion, or solicitation to buy, sell, hold, or otherwise transact in any securities, financial instruments, commodities, currencies, derivatives, or other investment products. Users are expressly prohibited from relying on the Content for making any investment or trading decisions. Alphabench does not provide personalized investment recommendations, portfolio management services, or customized trading strategies.

ALPHABENCH DOES NOT PROVIDE STOCK TRADING TIPS, STOCK PICKS, OR ANY RECOMMENDATIONS REGARDING SPECIFIC STOCKS, SECURITIES, OR FINANCIAL INSTRUMENTS.

Any mention of specific securities, stocks, ETFs, mutual funds, or other investment vehicles in the Content is for illustrative purposes only and does not constitute an endorsement, recommendation, or suggestion to invest in or trade such securities. Users should not interpret any discussion, analysis, or data regarding specific stocks or securities as investment advice or trading signals.

ALPHABENCH USES ARTIFICIAL INTELLIGENCE (AI) TO GENERATE RESEARCH OUTPUT. AI-GENERATED CONTENT IS NOT A SUBSTITUTE FOR PROFESSIONAL FINANCIAL ADVICE.

The Platform employs large language models (including Google Gemini) and automated tools to process user queries, generate analyses, construct strategies, and produce backtesting results. You should be aware that:

• AI models generate responses probabilistically and may produce inaccurate, incomplete, or misleading information ("hallucinations")
• AI-generated strategies and analyses are hypothetical constructs based on historical data and should not be treated as validated trading systems
• The AI does not have access to real-time market data, breaking news, or current market conditions
• Backtesting results produced by AI-suggested parameters are simulations on historical data and do not predict future performance
• Alphabench does not independently verify all AI-generated output for accuracy before presenting it to users

Users must independently verify all information, perform their own due diligence, and consult qualified financial professionals before making any financial decisions.

ALL RISK OF TRADING WITH REAL MONEY LIES SOLELY AND EXCLUSIVELY WITH THE USER.

By using the Alphabench platform, you acknowledge and agree that you are solely responsible for all investment decisions, trading activities, and financial outcomes resulting from your use of the platform. You assume all risks associated with trading, investing, or otherwise using the Content, including but not limited to:

• The risk of financial loss, including total loss of principal
• The risk of market volatility and adverse price movements
• The risk of leverage and margin trading
• The risk of counterparty default or failure
• The risk of technological failures, system outages, or data errors
• The risk of regulatory changes or legal restrictions
• The risk of tax implications or tax liabilities
• The risk of operational errors or human mistakes

You further acknowledge that past performance, backtesting results, simulated returns, or hypothetical scenarios presented in the Content do not guarantee or predict future results. Historical performance does not indicate future performance, and simulated results may not reflect actual trading conditions or results.

ALPHABENCH MAKES NO GUARANTEES, REPRESENTATIONS, OR WARRANTIES OF ANY KIND REGARDING THE ACCURACY, COMPLETENESS, RELIABILITY, TIMELINESS, OR SUITABILITY OF THE CONTENT.

The Content may contain errors, omissions, inaccuracies, or outdated information. Alphabench does not warrant that the platform will be uninterrupted, error-free, or free from viruses or other harmful components. Users use the platform and Content at their own risk.

Alphabench is not registered with the Securities and Exchange Board of India (SEBI) as an investment advisor, research analyst, portfolio manager, broker-dealer, or any other category of regulated financial intermediary under the SEBI Act, 1992 or any regulations framed thereunder.

Alphabench does not provide investment advisory services, financial planning, or brokerage services. The Content is not tailored to any individual's financial situation, risk tolerance, investment objectives, or specific needs. The platform is a technology tool for quantitative research and backtesting, not a financial services provider.

Trading in financial markets, including stocks, options, futures, forex, cryptocurrencies, and other financial instruments, involves substantial risk of loss and is not suitable for all investors. Trading is highly speculative and can result in significant financial losses that may exceed your initial investment. Only risk capital should be used for trading, meaning funds that you can afford to lose entirely without affecting your financial well-being or obligations.

Additional risks include, but are not limited to:

• Market Risk: Prices can fluctuate rapidly due to economic conditions, political events, or other factors
• Liquidity Risk: You may not be able to buy or sell positions when desired
• Volatility Risk: Extreme price movements can occur without warning
• Leverage Risk: Using borrowed money can amplify both gains and losses
• Counterparty Risk: The risk that brokers, exchanges, or other parties fail to fulfill obligations
• Regulatory Risk: Changes in laws or regulations may affect trading activities
• Technology Risk: System failures, internet outages, or software errors
• Tax Risk: Trading activities may have tax implications that vary by jurisdiction

Backtesting results presented on the Platform are generated using historical market data and are subject to significant limitations:

• Survivorship Bias: Historical data may only include instruments that still exist, potentially inflating performance
• Look-Ahead Bias: Strategies constructed with knowledge of future data points may not perform similarly in real-time
• Transaction Costs: Simulations may not fully account for brokerage fees, slippage, bid-ask spreads, and market impact
• Data Quality: Historical data may contain errors, gaps, or adjustments that affect simulation accuracy
• Curve Fitting: Strategies optimized on historical data may fail to perform in live markets due to overfitting
• Options Chain Reconstruction: Historical options pricing is reconstructed from available data and may not perfectly reflect actual market conditions at the time

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.